According to a new report, published by KBV research, The Global Frozen Fish Market size is expected to reach $44.2 billion by 2030, rising at a market growth of 7.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 910.4 kilo tonnes, experiencing a growth of 4.5% (2019-2022).
There is a growing interest in plant-based alternatives within the frozen fish market, reflecting broader trends in the food industry. Plant-based seafood products that mimic the texture and flavor of traditional fish are gaining popularity, appealing to consumers seeking sustainable, cruelty-free options. This trend aligns with the increasing adoption of plant-based diets and a desire for innovative, ethical alternatives. Advancements in freezing technologies are driving the adoption of smart freezing solutions. Automated monitoring systems, artificial intelligence, and Internet of Things (IoT) technologies are being incorporated into freezing processes to optimize temperature control and improve energy efficiency. These innovations maintain frozen fish products' quality and nutritional value, enhancing their appeal to discerning consumers.
The Supermarkets & Hypermarkets segment is leading the Global Frozen Fish Market, by Distribution Channel in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $23,368.9 Million by 2030. Supermarkets & hypermarkets provide extensive shelf space and dedicated sections for frozen foods, including frozen fish. This increased visibility ensures that various frozen fish products are readily accessible to consumers. The prominence of these products within the store encourages impulse purchases and facilitates a higher rate of consumer engagement. Supermarkets & hypermarkets often boast diverse product assortments, offering various frozen fish options to cater to consumer preferences.
The Tuna segment is anticipated to have a CAGR of 6.5% during (2023 - 2030). Tuna's versatility makes it a valuable ingredient in various culinary creations. Tuna adapts well to various cooking methods and flavor profiles, from salads and sandwiches to sushi rolls and casseroles. This versatility enhances its appeal to home cooks and chefs, contributing to its widespread adoption in the frozen fish market. Tuna's popularity in sushi and sashimi has been a significant driver for its presence in the frozen fish market. Tuna, particularly yellowfin and bluefin tuna, is processed and frozen to meet the high standards for sushi-grade quality. For example, the Food and Agriculture Organization of the United Nations (FAO) estimates that global exports of billfish, bonitos, and tunas in 2020 amounted to USD 14.6 billion, or 9.7% of the total value of exports of aquatic products.
Full Report: https://www.kbvresearch.com/frozen-fish-market/
The Asia Pacific region dominated the Global Frozen Fish Market, by Region in 2022 thereby, achieving a market value of $21.2 Billion by 2030, growing at a CAGR of 7.4 % during the forecast period. The Europe region would witness a CAGR of 6.3% during (2023 - 2030). Additionally, The North America region is experiencing a CAGR of 6.8% during (2023 - 2030).
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Unique Offerings 
