Frozen Seafood Market to Reach $74.34 Billion by 2029

Frozen Seafood Market by Category (Fish, Crustaceans, Shellfish, Molluscs) and Distribution Channel (B2B [Food Services, Food Manufacturers], B2C [Offline {Supermarkets & Hypermarkets, Convenience Stores}, Online]) – Global Forecast to 2029

The Frozen Seafood Market is expected to reach $74.34 billion by 2029, at a CAGR of 5.6% from 2022 to 2029. This market is driven by the rising consumption of seafood, increased awareness of the health benefits of seafood, and the growing numbers of supermarkets & hypermarkets. Furthermore, the growing adoption of quick freezing technology to freeze seafood is expected to provide a significant opportunity for the growth of this market. However, overfishing and the availability of other meat alternatives hinder the growth of this market to a notable extent. In addition, the lack of cold chain infrastructure in developing economies poses a major challenge to players operating in this market.