Packaged Cooked Sea Food Market Size, Share, Growth, And Industry Analysis By Type (Freshwater and Saltwater Fish, Molluscan Shellfish, Crustaceans) By Application (Hypermarket and Supermarket, Convenience Store, Specialty Stores, Online Sales Channels, Others) and Regional Forecast to 2033

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PACKAGED COOKED SEA FOOD MARKET REPORT OVERVIEW

Global Packaged Cooked Sea Food Market size is USD 9.49 Billion in 2024 and market is projected to touch 13.4 Billion by 2032, exhibiting a CAGR of 4.5% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, with the packaged cooked sea food market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The market for frozen seafood worldwide is growing steadily. The market was significantly influenced by factors such as rising disposable income, rising preference for food that is easy to prepare and consume, rising consumer awareness of the health benefits of seafood, busy urban lifestyles, and rising demand for seasonal seafood products. The market demand for frozen seafood is being further driven up by product innovations with enhanced health benefits.

Due to rising consumer awareness of seafood's health advantages and an increase in the variety of seafood products available on the market, the industry is seeing high demand. The demand for frozen fish is rising as more people start eating more healthfully. Because frozen seafood contains a variety of nutrients that are very good for the body and the brain, the market is expected to rise.

COVID-19 IMPACT

"COVID-19 Pandemic Significantly Affected the Seafood Industry, Declining Product Demand"

In the central Chinese town of Wuhan, a market that sold seafood and wildlife is thought to be where the new coronavirus first surfaced late last year. Globally, the fish business has been impacted by COVID-19. Numerous purchases have been cancelled as a result, freight deliveries have slowed, refunds have been reduced or delayed, and it has been difficult to place new orders or renew current ones. The sanctions and market disruptions had an adverse effect for fish and fish products that were strongly dependent on international trade. Lockdowns in some nations have made the seafood trade logistically challenging, particularly with regard to limitations on transportation and border crossings.

LATEST TRENDS

"Growing Ready-to-Eat Meal Demand Will Increase Tray Use in the Target Market growth"

The acceptance of marinated and ready-to-cook foods is growing in metro areas due to busy urban lifestyles, increased knowledge of fish as a healthy diet with high levels of digestible protein, polyunsaturated fatty acids (PUFAs), and cholesterol-lowering characteristics. In addition to being simple to prepare, ready-to-eat meals also make oven cleanup easier while they're cooking. The increased acceptance of ready-to-eat meals, particularly those that feature seafood, drives up the demand for more inventive seafood packaging options, such as trays, pouches, and bags. Food can be cooked directly in an oven or microwave using trays since they provide comfort without affecting the consistency or flavour of the food. Today, trays are the most popular packaging option for packaging when such packaging maintains the range hot. Based on these factors, consumers are naturally drawn to products that are packaged in microwave-safe trays and pouches.

PACKAGED COOKED SEA FOOD MARKET SEGMENTATION

By Type Analysis

According to type, the market can be segmented into Freshwater and Saltwater Fish, Molluscan Shellfish, Crustaceans. Freshwater and Saltwater Fish is anticipated to be the leading segment.

By Application Analysis

Based on application, the market can be divided into Hypermarket and Supermarket, Convenience Store, Specialty Stores, Online Sales Channels, Others. Hypermarket and Supermarket will be the dominating segment.

DRIVING FACTORS

"Rising awareness about the health benefits of seafood will drive the Market growth"

Food products of superior quality with longer shelf lives and improved consistency are in high demand. Production and sales of food products, including seafood, have undergone a revolution as a result of packaging. In terms of consumption, seafood is one of the most popular food groups. Fish is a vital component of the human diet. According to the Food and Agriculture Organisation (FAO), it is the most significant source of high-quality protein, providing roughly 16% of the animal protein consumed by the global population. The consumption of fatty fish by adult populations around the world, such as tuna and salmon, seems to reduce the risk of coronary heart disease death, according to the Food and Agriculture Organisation and World Health Organisation.

Agriculture and fisheries are receiving more attention, which benefits emerging nations and the economy. In many wealthy countries, fish is the main or sole source of animal protein. It is also crucial for providing vulnerable populations with micronutrients. By any standard, fish are among the most expensive natural resources on the planet. Additionally, marine ecology, habitat preservation, regeneration, and marine environmental protection are gradually understanding the biodiversity and ecological functions of the fish thanks to the more than 25,000 recognised species. The packaged cooked sea food market growth is pushing people towards healthier eating.

"Packaging Technology Innovations to Drive the Market growth"

The ability of conventional packaging concepts to increase the shelf-life of fisheries goods is constrained. Vacuum and modified atmosphere packaging (MAP) technologies can be used to tackle the problem. However, MAP requires capital investment in addition to the requirement for new, food-grade petrol. It has sparked the development of fresh, modern methods for maintaining food consistency and extending shelf life. One such cutting-edge packaging technique that safeguards many food systems, including fish and shellfish, is active and smart packaging, also known as smart packaging technology.

The manufacturing of new products with cutting-edge technologies and more affordable pricing, which would encourage broader market adoption for numerous product styles, are what are driving the market for active and smart packaging solutions. The four primary purposes of packaging are containment, security, comfort, and connectivity. Conventional packaging designs only engage through the branding and offer minimal protection. It won't go into depth about the product's safety and substance. Active and intelligent packaging improves connection and safety features.

RESTRAINING FACTORS

"Food Contamination Incidents Are Increasing, Limiting Market Adoption"

The main cause of deterioration in the majority of seafood items is microorganisms. However, a small number of bacteria known as Unique spoiling Organisms (SSOs) are responsible for the pungent flavors linked to seafood spoiling. Food spoilage or changes in the sensory characteristics of a food component are both signs of microbial degradation and render the food unsafe for human ingestion. Where care and storage are poor, seafood may be exposed to increased microbial deterioration and growth.

Depending on the fish's kind, the handling and packing techniques, the general microbial flora, and the storage temperature, some microbes can ruin food to varying degrees. Packaging companies are adjusting to new regulations to prevent degradation or false information from spreading before the product reaches the supply chain. Products that are not controlled, improperly processed, or improperly prepared may be prone to cross-contamination and microbiological contamination. When processing and packaging seafood, workers routinely handle it in an unsanitary manner and employ preservatives, improper storage conditions, and strange temperatures.

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PACKAGED COOKED SEA FOOD MARKET REGIONAL INSIGHTS

"Asia Pacific will have the highest market share during forecast period"

The highest packaged cooked sea food market share was accounted for by Asia Pacific. One of the main drivers of market expansion in the region is the large population and widespread consumption of fish-based meals in Asian cuisines like Chinese, Thai, and Japanese cuisine. When it comes to both seafood production and consumption, Asia Pacific dominates the market share. High seafood production from nations with long coastlines, such as Japan, Korea, India, Malaysia, Sri Lanka, and others, as well as Southeast Asian demand, are among the contributing factors. In Asia and the Pacific, fish is a common staple diet. To obtain fresh, wholesome items that may be canned for a longer shelf life, fish farmers and manufacturers must travel great distances via seas and oceans.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Top Packaged Cooked Sea Food Companies

• Nomad Foods (U.K.)
• Bakkavor Foods (U.K.)
• Orkla (Norway)
• ITC (India)
• Conagra Brands (U.S.)
• Kraft Foods (U.S.)
• Conagra Brands (U.S.)
• Tyson Food (U.S.)
• JBS (U.S.)
• Cargill (U.S.)
• Smithfield Foods (U.S.)
• Sysco (U.S.)
• ConAgra Foods (U.S.)
• Hormel Foods (U.S.)
• OSI Group (U.S.)

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.