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Frozen Fish and Seafood Market Heading Toward New Normal Registering a CAGR of 10% During 2020-2024 | Technavio

·3-min read

The global frozen fish and seafood market is expected to grow at a CAGR of almost 10% during 2020-2024, according to the latest market research report by Technavio. The research report offers a detailed analysis on the pandemic impact, emerging opportunities, and business recovery options for the stakeholders in the consumer staples industry. The pandemic-oriented insights provided in the report also help clients in getting updated with vendor movements, logistics and supply chain operations in the related markets facing direct & indirect COVID-19 impact.

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Technavio has announced its latest market research report titled Global Frozen Fish and Seafood Market 2020-2024 (Graphic: Business Wire)

Learn more about frozen fish and seafood market moving ahead toward the new normal. Request for free sample

Consumer Staples Industry and Market Highlights

  • Consumer staples industry will have Positive impact due to the pandemic

  • Frozen fish and seafood market is expected to witness Positive growth during 2020-2024

  • Consumer staples industry will witness Direct impact while heading toward the new normal

  • Frozen fish and seafood market demand has increased in 2020 compared to 2019 due to Positive YOY

The growing desire for convenience has been a prominent factor in boosting the market growth during the forecast period. Growing demand for traditional food among consumers will also impact the market as well as food products industry positively in the forthcoming years.

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By distribution channel, the offline segment is expected to dominate the frozen fish and seafood market during the forecast period. The increased focus by vendors on enhancing sales by expanding their presence in local and regional markets is one of the key factors driving the growth of the segment.

By geography, Europe held the largest frozen fish and seafood market share during 2020-2024. The region will contribute to the highest growth due to the increasing internal production of fish and seafood and the growing imports of frozen fish and seafood.

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Vendor Landscape

Technavio’s vendor landscape provides a framework to estimate the growth map for various markets in the food products industry. It also categorizes the vendors into pure-play, category-focused, or diversified based on their offerings. All market reports provide the key and contributing players across the value chain based on in-house influence index, developed using multiple industry and market parameters. Some of the prominent players in the market are: Bolton Group Srl, Clearwater Seafoods Inc., Dongwon Group, Empresas AquaChile SA, and High Liner Foods Inc.

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Consumer Staples: Related Reports

Global Crab Market: The global crab market will witness a CAGR of over 3% during 2020-2024, according to Technavio. To get extensive research insights, Download Free Sample

Global Fresh Food Market: The global fresh food market will witness a CAGR of almost 3% during 2020-2024, according to Technavio. To get extensive research insights, Download Free Sample

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
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