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The Europe Seafood Market is segmented by Type (Fish, Shrimp), by Form (Canned, Fresh / Chilled, Frozen, Processed), by Distribution Channel (Off-Trade, On-Trade) and by Country (France, Germany, Italy, Netherlands, Russia, Spain, United Kingdom). Market value in USD and market volume in tonnes are presented. Key data points observed include production and price.
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European region stands as a pivotal force in the growing frozen seafood market, boasting a robust market share of 28% and a substantial market size of 14.22 Billion USD in 2023.
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Europe's seafood processing and preserving industry has struggled to navigate the rough economic waters of inflation and changing consumer preferences over the last five years. Recently, inflation has bolstered fish prices significantly, which, paired with dwindling disposable income, has led many consumers to look toward alternatives to their usual seafood choices. Still, this climate has stimulated innovation in cost-effective processing and conservation methods. Sustainability has become a major catchword, with seafood consumers increasingly fishing for eco-friendly products. Revenue is projected to shrink at a compound annual rate of 5.6% over the five years through 2024, with an estimated slump of 5.3% in 2024 to reach €44.4 billion. Over recent years, an emphasis on sustainable practices has shaped the industry. Companies have been more transparent and responsible in their sourcing, catering to modern consumers who want eco-friendly options. In an economically volatile environment, tinned fish has arisen to offer seafood lovers convenience, sustainability and low prices. Technology has also begun encroaching on seafood processing, with automation increasingly taking on tedious tasks, cutting labour costs and boosting profit and efficiency across the board. Looking ahead, recovering economies will support seafood processing across Europe as it continues to adapt to shifting preferences and innovative technologies. Despite some resistance due to entrenched cultural traditions, plant-based seafood alternatives are expected to make bigger splashes in Spain and Italy. As the global appetite for quality European seafood swells, processors will expand their horizons to new international markets. In tumultuous times, focusing on these export markets will help stabilise revenues and offset the ups and downs of local markets. Over the five years through 2029, revenue is projected to swell at a compound annual rate of 0.5% to reach an estimated €45.5 billion.
The fish and seafood market size in Europe has the potential to grow by USD 8.78 billion during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of 2.07%.
This report provides a detailed analysis of the market by product (fresh and chilled fish and seafood, frozen fish and seafood, canned fish and seafood, and others), geography (Spain, Italy, France, the UK, and the Rest of Europe), and key vendors.
Market Overview
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Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
Agama Istra LLC Austevoll Seafood ASA Bolton Group Srl heristo AG LABEYRIE FINE FOODS Mowi ASA Nomad Foods Ltd. Nueva Pescanova SL Pomona SA STORE FISH & SEAFOOD SRL
The fish and seafood market in Europe is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as rising awareness about the benefits of seafood consumption to achieve growth opportunities. However, factors such as the growing popularity of vegan seafood will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the fish and seafood market forecast report of Europe for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies,
This fish and seafood market analysis report of Europe also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
Fish and Seafood Market in Europe: Key Drivers and Trends
The rising awareness about the benefits of seafood consumption is one of the key factors fueling market growth in Europe. Fish is a rich source of essential nutrients, such as omega-3 fatty acids, high-quality lean protein, healthy fat, important vitamins, and minerals, including selenium and vitamin D. Such nutrients are important during pregnancy and for a healthy heart and brain. The rising awareness among consumers regarding the advantages of fish and seafood consumption has increased the demand for fish and seafood products in Europe, and this trend is expected to continue even during the forecast period.
Another driver that can positively influence the growth of the market is the increasing prominence of land-based aquaculture. Although land-based aquaculture is more expensive than marine aquaculture, it causes less environmental problems than the ones associated with sea cage aquaculture. Land-based fish farming involves confining the fish to indoor tanks and inside facilities, which eliminates the interactions between the farmed fish and the external environment. The increasing demand for salmon has surged investments in land-based salmon farming in countries such as Norway, Italy and Spain.
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Fish and Seafood Market in Europe: Segmentation by Geography
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56% of the market’s growth will originate from the rest of Europe during the forecast period. Market growth in this region will be faster than the growth of the market in Spain, Italy, France, and the UK.
The increasing demand for frozen and canned fish and seafood is one of the prime factors that will facilitate the fish and seafood market growth in the rest of Europe over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Fish and Seafood Market in Europe: Segmentation by Product
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The increase in processing activities of various fish products in countries such as Norway and Spain will help in increasing the demand for fresh and chilled fish and seafood in Europe. Technological advances in cold chain logistics have also aided market growth in Europe. Maintaining the temperature is an essential part of preserving the freshness of the fish and seafood products without using artificial preservatives. All these factors have been a major factor driving the growth of the fresh and
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The Europe Frozen Fish Market would witness market growth of 6.3% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 128.9 kilo tonnes, showcasing a growth of 3.8% (2019-2022). As consumers continue to explore convenient and flavorful options in the
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The Europe frozen food market was valued to reach a market size of USD 65.24 Billion in 2024. The industry is expected to grow at a CAGR of 2.80% during the forecast period of 2025-2034. The growing consumer demand for convenience, healthier frozen meals, and plant-based options, alongside sustainable practices, is driving the Europe frozen food market, thus aiding the market growth to attain a valuation of USD 85.99 Billion by 2034.
Frozen Fish And Seafood Market Size 2024-2028
The frozen fish and seafood market size is forecast to increase by USD 34.6 billion at a CAGR of 8.07% between 2023 and 2028.
The market is experiencing significant growth, driven by the increasing demand for convenience and innovation in packaging solutions. Consumers are increasingly turning to frozen fish and seafood as a convenient alternative to fresh options, particularly in regions with limited access to fresh seafood or for those seeking to reduce food waste. Moreover, advancements in frozen food technology have led to improved packaging methods, ensuring the preservation of taste, texture, and nutritional value. However, this market is not without challenges. Stiff competition from fresh and canned fish and seafood presents a significant hurdle for market growth. Consumers often perceive fresh options to be of higher quality and more authentic in taste. Additionally, the perception of frozen food as less healthy than fresh alternatives can limit market penetration. Companies in the market must focus on addressing these consumer perceptions through targeted marketing and product innovation to capitalize on the growing demand for convenience and expand their market share.
What will be the Size of the Frozen Fish And Seafood Market during the forecast period?
Request Free SampleThe market in the United States is a dynamic and expanding sector, driven by several key factors. Consumer lifestyle trends, such as health consciousness and convenience, have fueled the demand for high-quality, convenient, and time-saving food options. The market's size is substantial, with a significant portion of seafood and fish being consumed in frozen form. Microorganisms and food wastage are critical considerations in the frozen fish and seafood industry. Premium seafood companies are investing in advanced technologies to ensure the freshness and safety of their products. Culinary applications, such as meal planning and culinary experimentation, continue to drive innovation in the market. The frozen seafood products segment, including fish, shellfish, and aquatic delicacies, is a major contributor to the market's growth. The availability of a diverse range of offerings, from The Sirena's premium offerings to High Liner Foods' value-added options, caters to various consumer preferences and budgets. The frozen seafood market is a global industry, with export destinations spanning the globe. reports that the market is expected to grow at a steady pace, driven by increasing consumer awareness of the nutritional benefits of seafood, particularly its high protein content. The Frozen Food Leaders Association's Seafood Expo showcases the latest trends and innovations in the industry, attracting industry professionals and buyers from around the world. The MRFR database and other market research providers provide valuable insights into the market's size, growth, and direction.
How is this Frozen Fish And Seafood Industry segmented?
The frozen fish and seafood industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. End-userFood processing industryFood service providerRetail and householdAnimal feed and pet foodDistribution ChannelOfflineOnlineGeographyEuropeFranceGermanySpainAPACChinaNorth AmericaUSSouth AmericaMiddle East and Africa
By End-user Insights
The food processing industry segment is estimated to witness significant growth during the forecast period.The market encompasses the production and distribution of a diverse range of products, including fish fillets, shrimp, surimi, and crab meat. Processing techniques involve freezing, canning, packaging, and value-additions like marination, breading, and seasoning. This segment significantly contributes to market growth, transforming raw seafood into convenient, ready-to-eat options. Food processing companies prioritize innovation in processing technologies, sustainable practices, and new product development to cater to health-conscious consumers and regulatory requirements. Microorganisms are carefully managed during processing to ensure food safety assurance. Sustainability is a key focus, with companies adhering to sustainable fishing practices, eco-friendly fishing methods, and minimizing seafood wastage. Shelf life is extended through packaging technologies, preserving the nutritious qualities of aquatic delicacies. Essential nutrients, such as minerals, proteins, vitamins, and omega-3 fatty acids, are preserved, making seafood a nutritious option. Culinary innovations and convenience are driving factors, with time-saving food options and convenience stores increasing the availability of frozen seafood products. Frozen fish and seafood companies cater to various retail channels,
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Europe Frozen Seafood Market growth is driven by increasing seafood consumption, advancements in freezing technology, and expanding global trade networks.
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Learn about the projected growth of the frozen fish and seafood market in the European Union, with a forecasted increase in market volume to 5.4M tons and market value to $27.3B by 2035.
The volume in the 'Ready-to-Eat Meals' segment of the food market in Europe was forecast to continuously increase between 2025 and 2030 by in total one billion kilograms (+9.93 percent). After the eighth consecutive increasing year, the volume is estimated to reach 11.1 billion kilograms and therefore a new peak in 2030.
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The Europe Frozen Food Market report segments the industry into By Products Category (Ready-to-Eat, Ready-to-Cook, Other Product Categories), By Product Type (Frozen Fruits and Vegetables, Frozen Meat and Fish, and more), By Distibution Channel (Supermarkets/Hypermarkets, Convenience Stores, and more) and By Geography (Spain, United Kingdom, and more).
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Europe anticipates USD 3.3 billion growth (2024-2029) in Frozen Fish and Seafood, driven by innovation.
The revenue in the 'Ready-to-Eat Meals' segment of the food market in Europe was forecast to continuously increase between 2025 and 2030 by in total 21.9 billion U.S. dollars (+28.96 percent). After the eleventh consecutive increasing year, the revenue is estimated to reach 97.53 billion U.S. dollars and therefore a new peak in 2030.
The revenue change in the 'Ready-to-Eat Meals' segment of the food market in Europe was forecast to continuously decrease between 2025 and 2030 by in total 1.6 percentage points. According to this forecast, in 2030, the revenue change will have decreased for the fifth consecutive year to 4.55 percent.
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The Frozen and Canned Seafood Market is segmented by Type (Fish, Shrimp), by Distribution Channel (Off-Trade, On-Trade) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Market value in USD and market volume in tonnes are presented. Key data points observed include production and price.
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The global frozen fish and seafood market, valued at $125.64 billion in 2025, exhibits robust growth potential. While the exact CAGR is unavailable, considering the consistent demand driven by factors such as increasing consumer preference for convenience foods, expanding food service sectors, and the growing global population, a conservative estimate places the CAGR between 5% and 7% for the forecast period of 2025-2033. This growth is fueled by several key market drivers. The rising popularity of ready-to-eat meals and the increasing adoption of frozen food among health-conscious consumers contribute significantly to market expansion. Furthermore, advancements in freezing technologies ensuring superior product quality and longer shelf life are boosting market appeal. The food processing industry, food service providers, and retail & household sectors represent the primary application segments, with significant growth anticipated across all three. Regional variations exist, with North America and Europe currently holding substantial market shares, but Asia Pacific is projected to witness the fastest growth rate in coming years driven by increasing disposable incomes and changing dietary habits. Despite these positive trends, challenges like fluctuating raw material prices and concerns regarding sustainable fishing practices pose potential restraints on market growth. However, proactive measures by companies to implement sustainable fishing techniques and improve supply chain management are likely to mitigate these challenges. The market is highly competitive, with major players focusing on product diversification, strategic partnerships, and geographical expansion to maintain market dominance. The projected market size for 2033, considering the estimated CAGR of 6%, would reach approximately $210 billion. This projection reflects the continuing upward trajectory of the market, largely fueled by the sustained increase in demand for convenient, nutritious, and readily available seafood options globally. The segmentation within the market, encompassing frozen fish, crustaceans, mollusks, and others, provides further opportunities for market players to specialize and cater to niche consumer demands. The geographic distribution of the market further highlights the diverse growth patterns across different regions. Companies are strategically positioning themselves to capitalize on regional nuances and emerging trends, ensuring sustained growth within this dynamic market segment.
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Learn about the projected growth of the frozen fish and seafood market in the European Union, with an expected increase in consumption over the next decade.
This statistic shows the how the frozen food market was distributed in Europe in 2020 according to country. Germany accounted for the largest share of the European frozen food market at **** percent, followed closely by the United Kingdom at ***** percent.
Processed Seafood Market Size 2024-2028
The processed seafood market size is forecast to increase by USD 76.1 billion, at a CAGR of 8.08% between 2023 and 2028. The burgeoning market for processed seafood underscores a shift in consumer preferences towards convenient, protein-rich options. This demand surge is attributed to seafood preservation techniques that ensure freshness and quality, aligning with health and safety standards. Sustainable fishing practices, mandated by export and import regulations, further bolster consumer trust. Quality control measures and traceability systems enhance transparency across the supply chain, promoting market growth factors. Market analysis techniques, coupled with innovation in packaging technologies, facilitate effective supply chain management and address evolving seafood consumption trends. Leveraging international trade agreements, seafood processors enhance access to seafood processing equipment, driving market forecasting techniques and marketing strategies aimed at meeting consumer demands and sustainability goals.
Market Overview
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Market Segmentation
By Distribution Channel
Offline retail, such as supermarkets, fish shops, and specialty stores, provides a physical platform to display a wide variety of processed products. Offline sales channels often build consumer trust. They can check product quality, read labels and check freshness. This transparency can reassure buyers concerned about the quality and origin of their food. Retailers often advertise products through display and in-store discounts, which is expected to drive the growth of the market during the forecast period.
Online platforms provide access to a wide selection of products from different regions and cultures, which may not be available in local stores. This global reach allows consumers to discover new flavors and culinary experiences. Selling online allows producers to establish direct relationships with consumers, eliminating middlemen. This can lead to fresher produce and better communication between producers and buyers. With online sales increasing strongly, the market share of this segment is expected to increase which will have a positive impact on the growth of the market during the forecast period.
By Product
The market share growth by the frozen seafood segment will be significant during the forecast period. Frozen food can spoil if fish is defrosted in transit and left at warm temperatures for too long before cooking. As a result, suppliers are innovating the way frozen food is packaged and offering different variations of frozen fish and seafood in attractive packaging. In addition, proper packaging helps maintain freshness throughout the supply chain without sacrificing product quality.
The frozen seafood segment was valued at USD 57.40 billion in 2018.
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Frozen items include a variety of fish, crab, shrimp, squid, octopus, and squid. It has attracted considerable attention as a source of protein, vitamins, minerals, and fatty acids. Consumers are demanding fresh and high-quality-seafood with minimal changes in quality, which is driving the frozen-seafood segment of the market during the forecast period.
The demand for canned seafood is increasing due to many factors including convenience, long shelf life, versatility, and desire for healthy and sustainable food options. This is commonly available in grocery stores and online, making it accessible to consumers regardless of geographic location. They are rich in valuable omega-3 fatty acids, which are important for overall health and well-being. Increased consumer purchasing power also increases the demand for refined and exotic foods, which is expected to increase the demand for them which in turn will drive the growth of the market during the forecast period.
By Region
Europe is estimated to contribute 49% to the growth of the global market during the forecast period.
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Technavio’s analysts have extensively discussed the regional market research and growth that shape the market growth analysis during the forecast period. Elevated consumption of processed fish products, robust import and export activities, and increasing disposable income are among the key factors fueling market growth and forecasting in Europe. Notably, Spain, Germany, the UK, Denmark, France, Italy, the Netherlands, and Sweden emerge as significant contributors to the market expansion in this region, serving as prominent Frozen Fish Exporting Countries.
Moreover, the presence of several key suppliers such as bioMérieux SA, GEA Group AG, and Marel Group further enhances the market landscape. In 2021, GEA introduced the latest iteration of its SKIN heat p
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Learn about the projected growth of the frozen fish and seafood market in the European Union, with consumption expected to increase over the next decade. Market volume is forecasted to reach 5.2M tons by 2035, with a market value of $24.6B.
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The Europe Seafood Market is segmented by Type (Fish, Shrimp), by Form (Canned, Fresh / Chilled, Frozen, Processed), by Distribution Channel (Off-Trade, On-Trade) and by Country (France, Germany, Italy, Netherlands, Russia, Spain, United Kingdom). Market value in USD and market volume in tonnes are presented. Key data points observed include production and price.