The Asia Pacific Frozen Fish Market would witness market growth of 7.4% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 358.8 kilo tonnes, showcasing a growth of 4.7% (2019-2022).
Atlantic salmon, known for its mild flavor and tender texture, is a prominent choice among consumers seeking a versatile fish option suitable for various cooking methods. Pacific salmon varieties such as sockeye, coho, and chinook offer distinct flavors and characteristics, appealing to consumers looking for richer, more robust profiles in their seafood dishes. Therefore, the Singapore market consumed 5.8 kilo tonnes salmon in 2022.
The China market dominated the Asia Pacific Frozen Fish Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5,889.5 Million by 2030. The Japan market is registering a CAGR of 6.8% during (2023 - 2030). Additionally, The India market would experience a CAGR of 8% during (2023 - 2030).
The adoption of frozen fish has been significantly influenced by changing consumer perceptions. Traditionally, consumers may have harbored concerns about the quality and freshness of frozen seafood compared to its fresh counterparts. However, technological advancements in freezing techniques, such as rapid and cryogenic freezing, have bridged the gap between fresh and frozen seafood, leading to a shift in consumer attitudes. As a result, there is a growing acceptance of frozen fish as a convenient and reliable option that offers year-round access to various seafood.
One of the primary drivers behind the adoption of frozen fish is its unparalleled convenience to consumers and retailers. Frozen fish allow for extended shelf life without compromising quality, enabling retailers to manage inventory more efficiently and reduce the risk of spoilage. Consumers, in turn, appreciate the flexibility of having a diverse selection of seafood available at their convenience, irrespective of seasonal variations in fish availability.
According to Invest India, the fisheries sector expanded 8% per year from FY 2013-14 to FY 2021-22, with record fish production of 16.25 MMT in FY 2021-22. The growth of fisheries and aquaculture in India has increased fish production. Therefore, due to the above-mentioned factors, the frozen fish market will grow significantly in this region.
Free Valuable Insights: The Global Frozen Fish Market is Predict to reach $ 44.2 Billion by 2030, at a CAGR of 7.1%
Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online Retail, and Specialty Stores. Based on Type, the market is segmented into Salmon, Tuna, Shrimp, Cod, Tilapia, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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