The Latin America, Middle East and Africa Frozen Hake Market would witness market growth of 9.1% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Frozen Hake Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $51.8 million by 2031. The Argentina market is capturing a CAGR of 9.7% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 8.1% during (2024 - 2031).
The growing health and nutrition awareness has driven consumers to seek food rich in protein and omega-3 fatty acids. Frozen hake meets these health criteria, offering a nutritious option that supports a balanced diet. The perceived health benefits of consuming fish and the convenience of frozen options have contributed to its increased adoption.
As dietary preferences shift towards more health-conscious choices, frozen hake aligns with trends promoting lean proteins and seafood consumption. The fish’s mild flavour and versatility suit various diets, including low-fat, low-carb, and heart-healthy eating plans.
The UAE’s food service industry caters to a multicultural population and a high influx of tourists, leading to increased demand for international cuisines that feature frozen hake. Dishes such as hake fillets, hake stews, and grilled hake are becoming more common, driving higher consumption of frozen hake in the market. The proliferation of food service chains and quick-service restaurants in the UAE creates additional demand for frozen hake. These establishments require large quantities of consistent, high-quality frozen hake to meet their menu requirements and cater to their customers. Thus, the growing food service industry and expansion of fish production in LAMEA will help grow the frozen hake market.
Free Valuable Insights: The Worldwide Frozen Hake Market is Projected to reach USD 2.2 Billion by 2031, at a CAGR of 7.0%
Based on Species, the market is segmented into Atlantic Hake, Pacific Hake, and Others. Based on Form, the market is segmented into Frozen Hake Fillets, Frozen Whole Hake, and Others. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Local Distributors, and Online Channels. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
>By Species
By Form
By Distribution Channel
By Country
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