The size of the Middle East and Africa Frozen Seafood market is expected to be worth USD 2.39 billion in 2024 and grow at a CAGR of 5.79% from 2024 to 2029 to achieve USD 3.17 billion by 2029.
Frozen fish and seafood are food items which are packaged in order to increase the shelf life of the products. Due to the rising urbanization, there has been an increase in the demand for convenient food products which are easy and quick to make.
A rise in the working women population base, improving living standards and the growth of urban settlements are adding to the popularity of convenience food products which in turn drives the growth of the market. However, various health concerns and the need to reduce fish contamination remain key challenges for leading vendors.
Among these, supermarkets and hypermarkets dominated the market and are expected to retain their leading position over the forecast period. This segment is finding increased acceptance among sellers as a highly attractive retail outlet to sell different types of frozen fish and seafood, because of the accessibility it grants to a vast range of products at discounted prices. Convenience stores and independent retailers are also projected to obtain a considerable market share over the forecast period on account of the growing sales of frozen fish and seafood across different countries.
On the basis of geography, the market is analysed under various regions namely middle east and Africa.
Key players operating in the market include Leroy Seafood, High Liner Foods, Marine Harvest, and Iglo Group. Other prominent vendors include Beijing Princess Seafood International Trading, Austevoll Seafood, Fishery Products International, Clearwater Seafood, AquaChile, Sajo Industries, Lyons Seafoods,Shanghai Kaichuang, Hansung Enterprise, Marine International, Surapon Foods Public, Tri Marine International, Tassal Group,and Toyo Suisan Kaisha.
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