According to the latest report by IMARC Group, titled “Japan Frozen Seafood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the Japan frozen seafood market reached a strong growth in 2019. Japan represents one of the largest seafood markets across the globe. Seafood products, mainly fishes and shrimp, remain a mainstay of Japan’s culinary culture. Frozen seafood products have a high nutritional value and continue to stay fresh, healthy and tasty over a longer period as compared to the non-frozen variants, which perish over a short duration.
Some of the Key player is being Kibun Foods Inc., Nippon Suisan Kaisha, Ltd. TYO: (1332), Marudai Food Co. Ltd. TYO: (2288), Maruha Nichiro Corporation TYO: (1333), etc.
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In Japan, people are getting more inclined toward frozen seafood products as they are processed using advanced techniques, like cryofreezing, to lock in their authentic flavor and improve the overall shelf life. This trend, along with the increasing working population and the rising number of single-person households across the country, has led to the growing preference for ready-to-eat frozen meals, which are convenient to cook as they involve lesser preparation time. Besides this, frozen seafood products are packaged using high-quality solutions to reduce dehydration and oxidation. This process minimizes the chances of parasitic growth on the food while also enabling manufacturers to easily transport the products from one place to another. In confluence with this, the introduction of informative and attractive labeling solutions for these products, the launch of several product variants by manufacturers, and increasing consumer expenditure capacities, is expected to create a positive outlook for the market in the coming years. Japan frozen seafood market is expected to grow at a CAGR of 2.3% during 2020-2025.
Market Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Speciality Retailers
- Online
- Others
- Retail
- Institutional
- Pacific Salmon
- Tuna (bigeye)
- Mackerel
- Tuna (yellowfin)
- Octopus
- Crabs
- Trout
- Cuttlefish
- Jack and Horse Mackerel
- Other Frozen Fish
- Kibun Foods Inc.
- Nippon Suisan Kaisha, Ltd.
- Marudai Food Co. Ltd.
- Maruha Nichiro Corporation