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The Japan frozen seafood market reached a value of US$ 749.9 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 869.7 Million by 2027, exhibiting a CAGR of 2.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
The seafood products like fishes, fish fillets, shrimps, prawns, shellfish, etc. when subjected to freezing are known as frozen seafood products. Freezing helps to handle and transport the seafood safely and reduces the risk of foodborne illness by preventing the growth of pathogenic bacteria, parasites or other harmful germs in it. Thus, these products remain fresh, healthy, tasty and have nigh nutritional value compared to the non-frozen seafood products. They also help in lowering blood pressure, reduce the risk of heart problems and are packed in such a way that increases their overall shelf life and thus affordability and availability.
Japan currently represents one of the largest seafood markets globally. At present, the country ranks second in terms of per capita consumption of seafood worldwide. The seafood consumption is expected to increase further in Japan, especially shrimps. Another major factor driving the growth of Japan frozen seafood market is the rising demand for healthy food. Japan's population is aging faster as compared to other countries, thus, the demand for frozen seafood products that offer health benefits such as lowering cholesterol, micronutrients and essential fatty acids is anticipated to increase further. Moreover, the increasing number of small and single-person households and rising number of working women, is also boosting the frozen seafood industry in the country. Other factors that are expected to catalyze the market growth include- increasing trend of convenient products such as ready-to-eat meals/semi-processed products/easy-to-prepare fish products, changing lifestyles, new product launches, product premiumization and rising healthcare expenditures.
IMARC Group’s latest report provides a deep insight into the Japan frozen seafood market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Japan frozen seafood market in any manner.
IMARC Group provides an analysis of the key trends in each sub-segment of the Japan frozen seafood market, along with forecasts for the period 2022-2027. Our report has categorized the market based on type, distribution channel and sector.
Breakup by Type:
Pacific Salmon currently represents the largest segment.
Breakup by Distribution Channel:
Supermarkets and Hypermarkets currently represent the leading segment.
Breakup by Sector:
Institutional sector currently dominates the market accounting for majority of the market share.
The report has also examined the competitive landscape of the market and provides the profiles of the key players operating in the industry. Some of the major players include:
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Distribution Channel, Sector|
|Companies Covered||Kibun Foods Inc., Nippon Suisan Kaisha, Ltd., Marudai Food Co. Ltd., and Maruha Nichiro Corporation|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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