Asia-Pacific Frozen Fish and Seafood Market Outlook, 2028

The Asia-Pacific Frozen Fish and Seafood market is forecasted to grow with more than 7.60 % by 2028, driven by rising disposable income.

The Asia-Pacific frozen fish and seafood market is growing steadily. Factors such as increasing consumer awareness, rising disposable incomes, and the expansion of distribution channels are likely to drive market expansion. Additionally, the growing popularity of e-commerce platforms for food delivery and the development of innovative frozen fish and seafood products could further boost market growth. The rising population and changing dietary preferences towards seafood have led to a growing demand for frozen fish and seafood products in the Asia-Pacific region. As consumers seek convenience, longer shelf life, and availability of a wide variety of seafood throughout the year, the demand for frozen products has increased significantly. Furthermore, Rapid urbanization and changing lifestyles have led to increased reliance on processed and convenience foods. Frozen fish and seafood products offer convenience, easy storage, and longer shelf life, making them popular choices for urban dwellers with busy schedules. Consumers in the Asia-Pacific region are becoming more conscious about food safety and quality. Frozen fish and seafood products undergo stringent quality control processes, including freezing techniques, packaging, and labeling, which assure consumers of product safety. This emphasis on food safety has bolstered the demand for frozen fish and seafood products. Frozen fish and seafood are considered healthy food choices due to their high nutritional value, including omega-3 fatty acids and essential vitamins and minerals. As consumers become more health-conscious, there is a growing awareness of the health benefits associated with consuming frozen fish and seafood products, leading to increased demand. According to the research report, “Asia-Pacific Frozen Frozen Fish and Seafood Market Outlook, 2028", published by Bonafide Research, the market is forecasted to grow with more than 7.60 % by 2028. There is high demand for premium frozen fish and seafood in the region, appealing to consumers looking for a better product containing high nutrition content required for cautious and healthy living. The Asia-Pacific area has large coasts and a wealth of fishing grounds, which contribute to its abundance of marine resources. This makes it possible to have a consistent supply of seafood and fish products. Furthermore, lower shipping costs and fresher goods are guaranteed due to the close proximity of the region's nations. In addition, eating fish and seafood has a long history throughout the Asia-Pacific region and is a part of many of the local cultures. These goods are in high demand across the board, from sushi in Japan to other seafood cuisines in Southeast Asian nations. Aquaculture techniques have significantly improved in the Asia-Pacific region. Governments and business stakeholders have invested in the creation of aquaculture systems that are sustainable and technologically sophisticated. As a result, there is now more farmed seafood available and produced, helping to fulfil the rising demand. In addition, the Asia-Pacific area is a well-liked tourist destination that draws many tourists from abroad. The expansion of the tourist and hospitality sectors has increased the need for seafood items in cafes, resorts, and catering services, which is propelling the market's expansion. To cater to diverse consumer tastes, manufacturers are introducing innovative flavors and product varieties in the frozen fish and seafood market. This includes incorporating regional flavors, introducing new species, and offering unique seafood-based products to cater to evolving consumer preferences.

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Based on the report, the market is segmented into China, Japan, Australia and India. Among them the China is dominating the market in Asia-Pacific region with more than 37% market share in 2022. China has an enormous population and a high demand for fish and seafood products. Consumption of frozen fish and seafood has increased due to the country's growing middle class and shifting dietary preferences. China has made significant investments in the development of modern fish and seafood processing facilities. Because of innovative freezing technologies and effective supply chains, these facilities can process and freeze seafood goods quickly while retaining quality. As a result, China now has a competitive advantage in terms of product availability, variety, and pricing. Chinese consumers' nutritional choices are changing. The health benefits of fish and seafood, such as their high protein content, omega-3 fatty acids, and other nutritional properties, are becoming more well recognised. As a result, more customers incorporate fish and seafood into their diets, increasing demand for these goods. According to the report, the market is segmented into product type, Shrimp, Salmon, Tuna, Tilapia, Pangasius, and Catfish. The shrimp is significantly leading the market in the region. Shrimp is highly versatile and can be used in a wide range of culinary preparations across different cuisines. It can be grilled, steamed, boiled, stir-fried, or used in various dishes such as curries, salads, pastas, and more. Its versatility makes it a popular choice among consumers, contributing to its market dominance. The Asia-Pacific region is rich in shrimp resources. Countries like China and India have extensive shrimp farming operations and robust seafood industries. These countries have the infrastructure and expertise to produce and export large quantities of shrimp, meeting both domestic and international demand. Asia-Pacific countries have invested in advanced seafood processing facilities and technologies, enabling efficient processing and freezing of shrimp. This ensures the quality and safety of frozen shrimp products, making them attractive to both domestic and international consumers. Cultural events, celebrations, and festive seasons have a significant impact on the demand for frozen fish and seafood. In many cultures, seafood is considered a special and symbolic food for important occasions. Christmas, Lunar New Year, Chinese New Year, and other regional events also result in considerable increases in demand for seafood, particularly frozen fish. On these occasions, seafood is frequently served during special meals and get-togethers. The summer season is when people enjoy outdoor activities, picnics, and barbecues in many Asia-Pacific nations. During these gatherings, seafood is frequently consumed, particularly frozen fish, which raises the demand for it. There are peak seasons when more people visit popular tourist spots in the Asia-Pacific area. These visitors frequently look for regional foods and seafood specialties, which may increase the demand for frozen fish and seafood in the area. The cooking methods and ingredients used in various Asian cuisines also influence the demand for specific frozen fish and seafood products. Some dishes require whole fish, while others use fish fillets or prepared seafood products. Different cooking techniques such as steaming, grilling, stir-frying, or deep-frying may require different types of fish or seafood. There are variations in seafood preferences based on cultural and regional factors. Some regions have a preference for specific types of fish or seafood. For instance, in Southeast Asia, shrimp and prawns are highly popular, while in South Korea, there is a strong demand for fish such as mackerel and flatfish.

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Manmayi Raval

Manmayi Raval

Research Consultant

Considered in this report • Geography: Asia-Pacific • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Asia-Pacific Frozen Frozen Fish and Seafood market with its value and forecast along with its segments • Country-wise Frozen Frozen Fish and Seafood market analysis • On-going trends and developments • Top profiled companies • Strategic recommendation Countries Covered in the report: • China • Japan • Australia • India

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Manmayi Raval

By Product Type: • Shrimp • Salmon • Tuna • Tilapia • Pangasius • Catfish • Others By End User: • Residential • Commercial By Sales Channel: • Supermarket /modern retail/ hypermarket • Independent Retailers / Departmental /convenience store • On-line Shop The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Frozen Fish and Seafood industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Asia-Pacific Frozen Fish and Seafood Market Outlook, 2028

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