(Entertainment-NewsWire.com, August 24, 2018 ) Frozen Tropical Seafood Sales Market by Product Type (Molluscs, Crustaceans and Fishes and Tuna) By Application (Modern Trade, Food Chain Services, Online Stores and Departmental Stores) -Global Trends andForecast 2013 to 2025
Industry Outlook and Trend Analysis
Tropical fish are those fish that are found in amphibian tropical conditions across the globe, including both saltwater and freshwater species. Tropical shrimp has been one of the world’s most valued seafood over the previous decade and records for 20% of universally traded seafood items in market value. The larger part of industry income is obtained from shares of fish and shellfish used to deliver fish, the usage of which has become in the course of recent years. Wild pace of lifestyle and managing work leaves lesser time to enjoy treats. As this fact is prominent in the society of consumers, the frozen tropical seafood market has gained considerable significance. Convenient and speedier method to cook and eat these items has elevated their usage to relatively every other consumer.
The main factor driving the frozen tropical seafood market is the rare availability of tropical seafoods throughout the year. The consumption of tropical seafood is expanding by the year, as individuals are getting progressively aware about what they eat. Moreover, a major part of women in the western countries are keen on opting for ready-to-eat foods as opposed to spending time on cooking food. In such situations, dependents keep on buying frozen foods and fulfill the demands of the housewives. However, chefs and other culinary experts, do not favor the usage of frozen and highly suggest home cooked food. Another driver for the development of this market is the busy schedules of consumers particularly the working class. Proactive way of life has encouraged individuals to purchase frozen foods at whatever point they have save time. Easier accessibility of frozen foods has impacted the trend of purchasing of people with respect to dietary items, offering a firm place for frozen foods in their rundown of every day consumables.
Market Segmentation
The Frozen Tropical Seafood Market is segmented on the basis of product type and application. Based on product type the market is segmented into Molluscs, Crustaceans and Fishes and Tuna. In terms of application the market is segmented into Modern Trade, Food Chain Services, Online Stores and Departmental Stores.
Regional Outlook and Trend Analysis
Geographically, Europe accounted for the leading position and is anticipated to continue its domination in the years to come. Most of the tropical seafood consumed in Europe originates from European farms, from outside Europe it is mostly natural shrimp. Launch of new products, strong strategies of the huge sustenance retailers, and an on-going pattern of expanding awareness among purchasers will keep on supporting business sector development in the following years.
Competitive Insights
The major players in the market are Iglo, Clearwater Seafoods, Nomad Foods Europe, Grupo Pescanova, Aquachile, Marine Harvest, Beijing Princess Seafood International Trading, High Liner Foods Inc and Leroy Seafood Group. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Frozen Tropical Seafood Sales Market is segmented based on regions as follows-
By Region North America U.S. Canada Mexico Europe Germany UK France Russia Italy Rest of Europe Asia-Pacific China Japan South Korea India Southeast Asia Rest of Asia-Pacific South America Brazil Argentina Columbia Rest of South America Middle East and Africa Saudi Arabia UAE Egypt Nigeria South Africa Rest of MEA
Some of the key questions answered by the report are: What was the market size in 2014 and forecast from 2015 to 2023? What will be the industry market growth from 2015 to 2023? What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast? What are the major segments leading the market growth and why? Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
