Global Frozen Seafood Market will reach a valuation of US$ 32 Bn by 2026
The global frozen seafood market is marked with the presence of a high level of
competitions among leading market players, observes Transparency Market Research.
Companies such as Beijing Princess Seafood International Trading, Nomad Foods
Europe, Marine Harvest ASA, The Union Frozen Products,AquaChile, and Grupo
Pescanova are someof the names to reckon with in the global frozen seafood market.
These market leaders are presently challenging each other on the basis of product
innovation and price differentiation.
The report on global frozen seafood market states that in the forthcoming years, the
sellers of frozen seafood are likely to take up strategic partnerships and collaborations
as a means to expand their product portfolio and their geographical reach.In the near
future, it is anticipated that the leading companies making frozen seafood products will
be targeting strategic tie-ups with multinational food chain services.
In its report on global frozen seafood market,Transparency Market Research forecasts
that the marketis likely to rise at a sluggish 3.7% CAGRduring forecastperiod. Such
sluggish rate of growth is mainly ascribed to the complicated nature of the techniques
that are used in the processingof the frozen seafood products
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Innovative and Unique Packaging Solutions Escalates Market Demand
Vendors producing frozen seafood products make use of various strategies to gain
competitive edge over other producers in the global frozen seafood market. Efforts to
enhance the shelf life and quality of frozen seafood products with certain technological
innovations are made. Innovative pouch packaging is one such solution used by
producers to prevent loss of nutrients in frozen seafood products.
Crustaceans Products to Emerge as the Top Seller in the Market
Several types of products are being sold in the glo