With health consciousness rising among people, frozen shrimp and fish have become immensely popular around the world.
The frozen fish & Seafood market, which was concentrated in North America and the EU is now spreading to the Middle East, Far East, Africa and Latin America. Factors like stricter environmental laws, stricter fishing policies have reduced fishing fleets in Europe.
The infrastructure for distribution is also rapidly growing globally. Retail outlets like Supermarkets and Hypermarkets, specialty retailers, convenience stores, independent retailers and others are flourishing across developing countries.
The changing lifestyle and increase in disposable incomes in China and India, the two countries with the largest populations, are expected to give a major fillip to the demand for frozen seafood.