According to a new report, published by KBV research, The Global Frozen Hake Market size is expected to reach $2.2 billion by 2031, rising at a market growth of 7.0% CAGR during the forecast period.
The Pacific Hake segment captured a CAGR of 7.4% during (2024 - 2031). Pacific hake is renowned for its abundance in the Pacific Ocean, especially along the North American coasts. Sustainable harvesting practices and effective fishery management have ensured that Pacific hake stocks remain healthy and plentiful. This abundance makes Pacific hake a reliable and consistent option for the frozen hake market.
The Frozen Hake Fillets segment is leading the Global Frozen Hake Market by Form in 2023; thereby, achieving a market value of $1.1 billion by 2031. Frozen hake fillets offer significant convenience for both consumers and food service providers. They are ready to cook and require minimal preparation, which saves time and effort in meal preparation. Fillets are easier to handle, cook, and portion than whole fish. This convenience particularly appeals to busy households and restaurants looking for quick, hassle-free meal solutions.
The Online Channels segment is registering a CAGR of 7.4% during (2024 - 2031). E-commerce platforms often provide detailed product descriptions, nutritional information, and customer reviews. This information helps consumers make informed purchasing decisions and increases confidence in the product. Many online grocery services offer subscription models and scheduled deliveries, making it easy for consumers to regularly receive frozen hake without having to reorder each time. This can be particularly appealing to busy households.
Full Report: https://www.kbvresearch.com/frozen-hake-market/
The Europe region dominated the Global Frozen Hake Market by Region in 2023; thereby, achieving a market value of $725.6 million by 2031. The Asia Pacific region is poised to grow at a CAGR of 7.4% during (2024 - 2031). Additionally, The North America region would witness a CAGR of 6.6% during (2024 - 2031).
By Species
By Form
By Distribution Channel
Unique Offerings 
