The Frozen Hake Market is Predict to reach USD 2.2 Billion by 2031, at a CAGR of 7.0%

Frozen Hake Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Frozen Hake Market size is expected to reach $2.2 billion by 2031, rising at a market growth of 7.0% CAGR during the forecast period.

The Pacific Hake segment captured a CAGR of 7.4% during (2024 - 2031). Pacific hake is renowned for its abundance in the Pacific Ocean, especially along the North American coasts. Sustainable harvesting practices and effective fishery management have ensured that Pacific hake stocks remain healthy and plentiful. This abundance makes Pacific hake a reliable and consistent option for the frozen hake market.

The Frozen Hake Fillets segment is leading the Global Frozen Hake Market by Form in 2023; thereby, achieving a market value of $1.1 billion by 2031. Frozen hake fillets offer significant convenience for both consumers and food service providers. They are ready to cook and require minimal preparation, which saves time and effort in meal preparation. Fillets are easier to handle, cook, and portion than whole fish. This convenience particularly appeals to busy households and restaurants looking for quick, hassle-free meal solutions.

The Online Channels segment is registering a CAGR of 7.4% during (2024 - 2031). E-commerce platforms often provide detailed product descriptions, nutritional information, and customer reviews. This information helps consumers make informed purchasing decisions and increases confidence in the product. Many online grocery services offer subscription models and scheduled deliveries, making it easy for consumers to regularly receive frozen hake without having to reorder each time. This can be particularly appealing to busy households.

Full Report: https://www.kbvresearch.com/frozen-hake-market/

The Europe region dominated the Global Frozen Hake Market by Region in 2023; thereby, achieving a market value of $725.6 million by 2031. The Asia Pacific region is poised to grow at a CAGR of 7.4% during (2024 - 2031). Additionally, The North America region would witness a CAGR of 6.6% during (2024 - 2031).

List of Key Companies Profiled

• Nueva Pescanova, S.L.
• Oceana Group
• Pacific Seafood Group
• Maruha Nichiro Corporation
• Profand Fishing Holding S.L.
• Royal Greenland A/S
• Unilever PLC
• Thai Union Group PLC
• High Liner Foods
• Kingsun Foods Co., Ltd

Frozen Hake Market Report Segmentation

By Species

• Atlantic Hake
• Pacific Hake
• Others

By Form

• Frozen Hake Fillets
• Frozen Whole Hake
• Others

By Distribution Channel

• Supermarkets & Hypermarkets
• Local Distributors
• Online Channels

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Frozen Hake Market Size & Analysis to 2031

• September-2024
• 99 Pages

LAMEA Frozen Hake Market Size & Industry Trends to 2031

• September-2024
• 110 Pages

Europe Frozen Hake Market Size & Growth Forecast - 2031

• September-2024
• 110 Pages

Asia Pacific Frozen Hake Market Size & Forecast to 2031

• September-2024
• 111 Pages