IQF Seafood Market Size, Share Research Report 2030
The global market for individual quick freezing (IQF) seafood is undergoing a significant expansion, owing to the increasing adoption of IQF technology-enabled seafood products. Factors such as convenience, cost-effectiveness, and high nutritional content have propelled the demand for readyto-eat foods, consequently boosting the IQF seafood market. A rise in consumer health awareness and a shift from canned to frozen foods have further contributed to this upward trend. Additionally, the market has seen improved performance due to the extended shelf life of frozen seafood products achieved through controlled microorganism growth.
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The Food and Drug Administration (FDA) mandates that seafood consumed within two days of purchase should be stored at or below 40 degrees Fahrenheit to maintain quality. Improper freezing practices can impact seafood taste and quality. As a result, the increase in per capita seafood consumption, coupled with the demand for imported seafood products in developed nations, is expected to drive the IQF seafood market's growth. Specialty restaurants have also witnessed surging demand for seafood items, driven by a significant consumer preference for seafood over other cuisines.
According to the Food and Agriculture Organisation (FAO), global seafood demand is projected to increase by 40 million tonnes by 2030. This necessitates a substantial increase in product volumes, estimated at over 30% of current levels, to meet the rising demand.
Businesses have a significant opportunity to leverage these market drivers. Integrating cutting-edge technology into cold chain infrastructure for effective seafood freezing and preservation is a key avenue. Collaborations with fishermen and fisheries to ensure consistent seafood quality during transportation present another avenue for growth. The growing adoption of IQF seafood presents promising business opportunities for major industry players.
The commercial category is poised for substantial growth, particularly in food service establishments such as restaurants, bars, and pubs. Expanding economies offer potential for IQF seafood to become a favored choice in the food service sector. The preference for seafood in specialty restaurants, along with the rise of online food purchases, has provided restaurants with new avenues to enhance sales
channels and profitability. Restaurants focusing on sustainable seafood offerings have been particularly successful.
North America continues to dominate the IQF seafood market, driven by evolving lifestyles and dietary habits. Consumer awareness of seafood's health benefits and advancements in freezing technologies contribute to the region's market leadership. The integration of advanced technology into cold chain infrastructure provides growth opportunities for businesses in the region.
Asia Pacific is also poised for significant growth. The growth of café culture and demand for shelfstable frozen fish products contribute to market expansion in the region. Japan, in particular, is a prominent seafood marketplace with growing seafood consumption, especially for items like shrimp. The increasing demand for healthy foods and an aging population further propel the frozen seafood sector's rise in Japan.
Key players are actively contributing to the growth of the IQF seafood market. For instance, Avanti Frozen Foods Pvt. Ltd. has increased shipments of frozen prepared shrimp, while SeaShare, a nonprofit organization, has formed a strategic partnership with Hook Line and Savor, a Massachusettsbased frozen seafood start-up. Other notable players in the market include Octofrost, Oceanseafood, Lund's Fisheries, Hampton Meats, and Holmes Seafood.
As the global IQF seafood market continues its upward trajectory, businesses that align with emerging consumer trends, incorporate technological advancements, and adapt to evolving preferences are positioned to seize significant growth opportunities within the competitive landscape.
Browse IQF Seafood Market Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030: https://www.fairfieldmarketresearch.com/report/iqf-seafood-market
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