According to the latest report by IMARC Group, titled “Japan Frozen Seafood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the Japan frozen seafood market size reached US$ 749.9 Million in 2021. Looking forward, the market value is projected to reach US$ 869.7 Million by 2027, expanding at a CAGR of 2.5% during the forecast period (2022- 2027). Frozen seafood products are pre-packaged in vacuum-sealed bags that can be stored in the freezer for preserving the taste and essential nutrients and prevent the growth of pathogenic bacteria and parasites. They help maintain healthy eyesight, stimulate brain growth, promote heart health, and improve the overall immune system. Their consumption is rising in Japan as seafood plays a pivotal role in traditional cuisine and represents one of the major sources of animal protein.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Japan Frozen Seafood Market Trends:
There is a considerable rise in the demand for affordable and healthier meals across Japan. This, along with a significant increase in the geriatric population, represents one of the key factors strengthening the growth of the market. Apart from this, the rising health consciousness among the masses and the growing trend of ready-to-eat (RTE) frozen meals are creating a favorable market outlook. Moreover, frozen seafood products are widely utilized in the preparation of sashimi, nigiri, tendon, and kaki fry. Furthermore, the rising cases of coronavirus disease (COVID-19) are positively influencing the sales of frozen seafood products via online distribution channels in the country. This can be accredited to stringent lockdown regulations in numerous cities and the easy availability of high-speed internet connections.
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Key Market Segmentation:
Competitive Landscape:
- Kibun Foods Inc.
- Nippon Suisan Kaisha, Ltd.
- Marudai Food Co. Ltd.
- Maruha Nichiro Corporation
Breakup by Type:
- Pacific Salmon
- Tuna (bigeye)
- Mackerel
- Tuna (yellowfin)
- Octopus
- Crabs
- Trout
- Cuttlefish
- Jack and Horse Mackerel
- Other Frozen Fish
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Retailers
- Online
- Others
Breakup by Sector:
- Retail
- Institutional
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