The North America frozen seafood market size reached US$ 15.1 Billion in 2023. Looking forward, the market is projected to reach US$ 20.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.51% during 2023-2032.
Frozen seafood products are the products that are freezed in order to prevent the bacterial growth, preserve their taste and nutritional value, and enhance their overall shelf-life. Cryofreezing is the most popular technique used for the processing of a number of seafood products like shrimp, salmon, tuna, tilapia, etc. These products are rich in micronutrients, proteins, fatty acids that are essential for health and are currently being preferred over the canned and fresh seafood products across the region.
The increasing demand of convenience foods such as ready-to-eat (RTE) and ready-to-cook (RTC) products coupled with the increasing health consciousness among the consumers currently represent the major factors driving the frozen seafood products market in North America. The RTE and RTC products reduce the preparation time and are gaining attention among the working population with busy and hectic lifestyles. The rising consumer awareness about the health benefits of seafood associated with eyes & heart health coupled with the lifestyle changes are also leading to an increased demand for such products.
Furthermore, the growing demand for frozen seafood as a thickening agent in various food-processing applications has also fueled the market growth. Other factors driving the industry include advancement in freezing technologies, technological innovations, better supply chain solutions, increasing premiumization of products, rising population, increasing urbanization, etc.
2. What is the expected growth rate of the North America frozen seafood market during 2024-2032?
3. What are the key factors driving the North America frozen seafood market?
4. What has been the impact of COVID-19 on the North America frozen seafood market?
5. What is the breakup of the North America frozen seafood market based on the type?
6. What is the breakup of the North America frozen seafood market based on the distribution channel?
7. What is the breakup of the North America frozen seafood market based on the sector?
8. What are the key regions in the North America frozen seafood market?
9. Who are the key players/companies in the North America frozen seafood market?
Frozen seafood products are the products that are freezed in order to prevent the bacterial growth, preserve their taste and nutritional value, and enhance their overall shelf-life. Cryofreezing is the most popular technique used for the processing of a number of seafood products like shrimp, salmon, tuna, tilapia, etc. These products are rich in micronutrients, proteins, fatty acids that are essential for health and are currently being preferred over the canned and fresh seafood products across the region.
The increasing demand of convenience foods such as ready-to-eat (RTE) and ready-to-cook (RTC) products coupled with the increasing health consciousness among the consumers currently represent the major factors driving the frozen seafood products market in North America. The RTE and RTC products reduce the preparation time and are gaining attention among the working population with busy and hectic lifestyles. The rising consumer awareness about the health benefits of seafood associated with eyes & heart health coupled with the lifestyle changes are also leading to an increased demand for such products.
Furthermore, the growing demand for frozen seafood as a thickening agent in various food-processing applications has also fueled the market growth. Other factors driving the industry include advancement in freezing technologies, technological innovations, better supply chain solutions, increasing premiumization of products, rising population, increasing urbanization, etc.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the North America frozen seafood market report, along with forecasts at the regional and country level from 2024-2032. The report has categorized the market based on type, distribution channel, and sector.Breakup by Country:
- United States
- Canada
Breakup by Type:
- Shrimp
- Salmon
- Tuna
- Tilapia
- Pangasius
- Catfish
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Speciality Retailers
- Convenience Stores
- Online
- Others
Breakup by Sector:
- Retail
- Institutional
Competitive Landscape
The report has also examined the competitive landscape of the market and provides the profiles of the key players operating in the industry.Some of the major players include:
- Leroy Seafood
- High Liner Foods
- Marine Harvest
- Iglo Group
- Austevoll Seafood
- Fishery Products International
Key Questions Answered in This Report
1. What was the size of the North America frozen seafood market in 2023?2. What is the expected growth rate of the North America frozen seafood market during 2024-2032?
3. What are the key factors driving the North America frozen seafood market?
4. What has been the impact of COVID-19 on the North America frozen seafood market?
5. What is the breakup of the North America frozen seafood market based on the type?
6. What is the breakup of the North America frozen seafood market based on the distribution channel?
7. What is the breakup of the North America frozen seafood market based on the sector?
8. What are the key regions in the North America frozen seafood market?
9. Who are the key players/companies in the North America frozen seafood market?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 North America Frozen Seafood Market
6 Market Breakup by Country
7 Market Breakup by Type
8 Market Breakup by Distribution Channel
9 Market Breakup by Sector
10 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Leroy Seafood
- High Liner Foods
- Marine Harvest
- Iglo Group
- Austevoll Seafood
- Fishery Products International
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 125 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 15.1 Billion |
| Forecasted Market Value ( USD | $ 20.6 Billion |
| Compound Annual Growth Rate | 3.5% |
| Regions Covered | North America |
| No. of Companies Mentioned | 6 |
