The frozen seafood market in the Middle East & Africa is expected to grow from US$ 667.58 million in 2022 to US$ 887.28 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2022 to 2028.
The growing consumption of packaged seafood products is the major factor driving the growth of the Middle East & Africa frozen seafood market. People were compelled to prepare meals at home because hotels and restaurants were closed due to the imposition of lockdowns during the COVID-19 pandemic. Therefore, the demand for easy-to-cook prepacked frozen seafood products increased. Many companies started offering new lines of frozen seafood products for homebound consumers. Due to consumer preferences and innovative marketing strategies, the sales of prepackaged frozen seafood items increased. Furthermore, the demand for packaged frozen seafood products in the hospitality industry increased due to its various benefits. These products are easy to use as they are packed in appropriate portions, easy to prepare, avoid wastage, and save time.
Packaging of food products prevents or reduces product damage and spoilage, thereby saving the time. It also reduces the cost of many food products owing to economies of scale in mass production and efficiency in bulk distribution. It eliminates or lessens the risk of tampering and adulteration and saves vital nutrients to protect the consumer’s health.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa Frozen seafood market at a substantial CAGR during the forecast period.
Middle East & Africa Frozen Seafood Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Frozen Seafood Market Segmentation
The Middle East & Africa frozen seafood market is segmented into type, distribution channel, and country.
Castlerock Inc., Marine Foods, Mazetta Company LLC, The Sirena Group, and Viet Asia Foods are among the leading companies operating in the Middle East & Africa frozen seafood market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 667.58 Million |
| Market Size by 2028 | US$ 887.28 Million |
| CAGR (2022 - 2028) | 4.9% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
|
Regions and Countries Covered
|
|
| Middle East and Africa | South Africa, Saudi Arabia, UAE, Rest of Middle East and Africa |
| Market leaders and key company profiles |
|
The Middle East & Africa Frozen Seafood Market is valued at US$ 667.58 Million in 2022, it is projected to reach US$ 887.28 Million by 2028.
As per our report Middle East & Africa Frozen Seafood Market, the market size is valued at US$ 667.58 Million in 2022, projecting it to reach US$ 887.28 Million by 2028. This translates to a CAGR of approximately 4.9% during the forecast period.
The Middle East & Africa Frozen Seafood Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Frozen Seafood Market report:
The Middle East & Africa Frozen Seafood Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Frozen Seafood Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Frozen Seafood Market value chain can benefit from the information contained in a comprehensive market report.
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