The
rivalry between the leading vendors of seafood across the world, such
as AquaChile, High Liner Foods, Clearwater Seafood, Iglo Group,
Marine Harvest ASA, Leroy Seafood, Nomad Foods Europe, Thai Union
Frozen Products, Beijing Princess Seafood International Trading, and
Grupo Pescanova, characterizes the competitive landscape prevalent in
the global market for frozen seafood, states a new report by
Transparency Market Research (TMR). These players are competing on
the basis of product innovation of price differentiation. Over the
coming years, the focus of these players is likely to shift towards
strategic partnerships in order to expand their regional reach,
states the research report.
Download
PDF Brochure @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=38303
According
to the TMR’s estimations, the global market for frozen seafood will
witness a slow CAGR of 3.70% during the period from 2017 to 2026 and
reach a value of US$32 bn by the end of the period of the forecast.
The demand for frozen fishes is relatively higher than other products
available in this market. Researchers anticipate this trend to remain
so over the next few years. Food chain services are the key end users
of frozen seafood across the world and are expected to remain so over
the forthcoming years.
Asia
Pacific excluding Japan, the Middle East and Africa, North America,
Latin America, Europe, and Japan are some of the prominent regional
markets for frozen seafood across the world. Among these, Europe has
acquired the leading position and is projected to continue on the top
in the years to come. The significant usage of fishes in European
cuisines, together with the increasing consolidation of cold storage
services across this region, is likely to support the Europe market
for frozen seafood in the near future, reports the market study.
Technological
Advancements in Cold Chain Infrastructure to Boost Market’s Growth
“The
rising demand for seafood products in remote locations is the main
factor behind the growth of the global
frozen seafood market,” says the author of this study. The
presence of a strong cold chain infrastructure is also propelling
this market substantially, with the distribution of frozen seafood
being simplified by this. Going forwards, the technological
advancements in the cold chain infrastructure is likely to support
the growth of this market considerably in the years to come, states
the research report.
Complexities
Associated With Processing Techniques for Frozen Seafood Production
to Hamper Market
On
the other hand, the complexities associated with the processing
techniques for the manufacturing of frozen seafood products is
projected to challenge the business prospects of the enterprises
operating in the global frozen seafood market. In addition to this,
the absence of standardization, in terms of the deploying of freezing
temperatures, storage of frozen seafood products across various
levels of refrigeration, and the application of proper seafood
preservatives are anticipated to limit the sales of frozen seafood
across the world in the years to come. The inconsistency in the
quality of storage services is also expected to create problems for
frozen seafood providers over the next few years, reports the study.
No comments:
Post a Comment