NCRA - With The Growing Trend Towards Frozen Fish Companies Are Expanding In The Sector – Nocera Launches Flagship Bento Box Store
(NewsDirect)
By David Willey, Benzinga
Read the latestresearch report on Nocera Inc here .
The frozen seafoodmarket – with a current market value of $16.27billion globally – is gaining popularity as an eco-friendlyand healthy option that can supplement a red meat-heavy diet. In manyurban areas, a growing trend towards packaged food is being driven bythe fact that packaged foods with a longer shelf life that doesn’tcompromise on product quality is an essential part of a busylifestyle.
Withinpackaged food, the frozen seafood industry is growing driven by risingawareness among consumers regarding the health benefits of seafood.Seafood ready meals are helping drive the frozen seafood trend. Thesepre-made meals are seeing a lot of interest as they can be eaten aspart of a ketogenic or pescatarian diet. Fish is a healthy food choiceas it is packed with key nutrients like omega-3 fatty acids, vitaminD, vitamin B2 (riboflavin), and calcium.
During the pandemic, morefamilies in the US opted for the flexibility of frozen seafoodover fresh. Now, the adoption of new quick-freeze technologies alongwith better packaging is contributing to better access to frozenseafood. Cryogenicfreeze technology allows fish to stay frozen longer, expandingthe options of companies producing pre-made meals.
CompaniesMoving Towards Frozen Meals
With the trend toward frozen meals, more and morecompanies are moving into the industry. HF Foods Group Inc. (NASDAQ: HFFG), a food distributor for Asian restaurants in NorthAmerica, acquired a leading frozen seafood supplier, Sealand Food Inc. Thisacquisition will allow HF Food to organically grow its position in thefrozen food market and will increase its distribution network.
Nocera (NASDAQ:NCRA) is also capitalizing on the frozen fish trend through its lineof bento boxes, which are full meals with a protein, carbohydrate, andsides. Nocera is an integrated seafood company that providessophisticated land-based recirculating aquaculture systems (RAS). It acquireda ready meal company in 2022 and has been developing a highlypopular line of bento boxes. Now the company has opened a flagship bento box store. Nocera believesthis business-to-consumer (B2C) model will increase margins by 200%,with this first store already seeing major success.
“We believe that thiswill be one of many and comes with significant profit margin effects.It's clear we have an amazing product, and we will continue tolook for our own ways to capitalize on it,” said Nocera CEO JeffCheng, commenting on the opening of the store. “I'm excited tosee what else will come in 2023 in our B2C business!”
This article wasoriginally published on Benzinga here .
Nocera,Inc. is an engineering, procurement, and construction (EPC) companythat designs, builds, and installs equipment for the fish farmingindustry, as well as provides technical assistance to fish farmoperations. Our Recirculating Aquaculture Systems (“RAS”) helppreserve the environment by reducing pollution from over concentrationof fish as often occurs in fish farms based in natural inlandwaterways or bodies. Nocera’s RAS tanks can produce 20,000 –30,000 lbs. of fish annually.
This post containssponsored advertising content. This content is for informationalpurposes only and is not intended to be investingadvice.
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