Japan Frozen seafood Market is Expected to Sees Strong Growth till 2024
by Rahul Rastogi Market Research AnalystAccording to the latest report by IMARC Group,
titled “Japan Frozen Seafood Market:
Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”,
the Japan frozen
seafood market size experienced
steady growth during 2011-2018. Seafood products, particularly fishes, play a
key role in Japanese cuisine and represent one of the leading sources of animal
protein. They are also rich in micronutrients and essential fatty acids and
their regular consumption is widely associated with numerous health benefits.
They aid in maintaining healthy eyesight, stimulating brain growth, promoting
heart health and improving the overall immune system. Owing to their perishable
nature, they are processed using advanced techniques like cryofreezing to lock
in their authentic flavor and improve the overall shelf life. The frozen
products are then packaged using high-quality packaging solutions to minimize
dehydration and oxidation. This reduces the chances of parasitic growth on the
food while also enabling easy product transportation.
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Japan Frozen Seafood Market Trends:
The frozen seafood market in Japan is primarily
driven by a significant increase in the geriatric population, which has
accelerated the demand for easy to make foods. As frozen products are
convenient to prepare, it has majorly contributed to their widespread
popularity among the elderly population. Additionally, the rising trend of
ready-to-eat frozen meals in the country, along with the increasing number of
nuclear families and single-person households, has provided a boost to the
market growth. Furthermore, the introduction of authentic Japanese meals and
side-dishes, made with high quality ingredients, has helped in expanding the
consumer base. The growing popularity of online retail stores, owing to the
variety offered by these platforms, is further creating a positive outlook for
the market. On account of the aforementioned factors, the market is expected to
grow at a CAGR of 2.5% during 2019-2024.
Market Summary:
· On
the basis of the type, the market has been divided into pacific salmon, tuna
(bigeye), mackerel, tuna (yellowfin), octopus, crabs, trout, cuttlefish, jack
and horse mackerel, and other frozen fish. Among these, pacific salmon
currently represents the most preferred segment.
· Based
on the distribution channel, the market has been divided into supermarkets and
hypermarkets, convenience stores, specialty retailers, online and others. At
present, supermarkets and hypermarkets exhibit a clear dominance in the market.
· On
the basis of the sector, the market has been bifurcated into retail and
institutional. Currently, the institutional sector accounts for the majority of
the overall market share.
· The
competitive landscape of the market has been studied in the report, with the
detailed profiles of the key players operating in the market. Some of these
players include Kibun Foods Inc., Nippon Suisan Kaisha, Ltd., Marudai Food Co.
Ltd., and Maruha Nichiro Corporation.
Download Full Report with TOC & List of Figure:
https://www.imarcgroup.com/japan-frozen-seafood-market
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Created on Dec 17th 2019 01:04. Viewed 371 times.