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North America Frozen Hake Market Size, Share & Trends Analysis Report By Species (Atlantic Hake, Pacific Hake, and Others), By Form (Frozen Hake Fillets, Frozen Whole Hake, and Others), By Distribution Channel, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 99 Pages
  • August 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6004052
The North America Frozen Hake Market would witness market growth of 6.6% CAGR during the forecast period (2024-2031).

The US market dominated the North America Frozen Hake Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $440.1 million by 2031. The Canada market is experiencing a CAGR of 8.9% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 7.9% during 2024-2031.



Frozen hake refers to hake fish processed and preserved through freezing. Hake is a white fish found in the Atlantic and Pacific Oceans, known for its mild flavour and firm, flaky texture. It’s commonly used in culinary preparations, including fish fillets and sticks. Frozen hake is a staple in home kitchens because it offers convenience and flexibility. Consumers can easily store frozen hake in their freezers and use it for various recipes. The fish can be baked, grilled, fried, or poached, making it suitable for various dishes, from simple meals to gourmet preparations. Recipes include fish tacos, baked hake with vegetables, fish pies, and seafood pasta.

In addition, the retail Channel features value-added frozen hake products designed for convenience. These include pre-seasoned fillets, breaded hake, and frozen hake portions ready to cook. Such products appeal to busy consumers who seek quick meal solutions without compromising taste or quality. Frozen hake is often sold in family-sized packs, catering to larger households and providing an economical option for regular consumption. These packs are ideal for meal planning and ensure families enjoy nutritious seafood regularly.

The growth of Canada’s food and beverage industry includes expanding restaurants and food service establishments. Many of these venues are incorporating frozen hake into their menus, driven by consumer demand for diverse and high-quality seafood options. As more restaurants and eateries offer dishes featuring frozen hake, the market for this product experiences a boost. According to the Government of Canada, in 2022, the food and beverage processing industry was the leading manufacturing sector in Canada by production value, with goods manufactured amounting to $156.5 billion. In 2022, processed food and beverage product exports hit a record $54.3 billion, reflecting a 14.1% rise from 2021 and accounting for 34.7% of the industry’s total production value.

With the growth of the food and beverage sector, retail chains are expanding their seafood offerings, including frozen hake. Supermarkets and specialty stores increasingly stock frozen hake to meet consumer preferences for convenient and ready-to-cook seafood products. This rise in retail availability supports increased consumer access and consumption. Hence, North America's growing food and beverage processing sector is expected to boost the demand for frozen hake in the region.

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

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 Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Frozen Hake Market, by Species
1.4.2 North America Frozen Hake Market, by Form
1.4.3 North America Frozen Hake Market, by Distribution Channel
1.4.4 North America Frozen Hake Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. North America Frozen Hake Market by Species
4.1 North America Atlantic Hake Market by Country
4.2 North America Pacific Hake Market by Country
4.3 North America Others Market by Country
Chapter 5. North America Frozen Hake Market by Form
5.1 North America Frozen Hake Fillets Market by Country
5.2 North America Frozen Whole Hake Market by Country
5.3 North America Others Market by Country
Chapter 6. North America Frozen Hake Market by Distribution Channel
6.1 North America Supermarkets & Hypermarkets Market by Country
6.2 North America Local Distributors Market by Country
6.3 North America Online Channels Market by Country
Chapter 7. North America Frozen Hake Market by Country
7.1 US Frozen Hake Market
7.1.1 US Frozen Hake Market by Species
7.1.2 US Frozen Hake Market by Form
7.1.3 US Frozen Hake Market by Distribution Channel
7.2 Canada Frozen Hake Market
7.2.1 Canada Frozen Hake Market by Species
7.2.2 Canada Frozen Hake Market by Form
7.2.3 Canada Frozen Hake Market by Distribution Channel
7.3 Mexico Frozen Hake Market
7.3.1 Mexico Frozen Hake Market by Species
7.3.2 Mexico Frozen Hake Market by Form
7.3.3 Mexico Frozen Hake Market by Distribution Channel
7.4 Rest of North America Frozen Hake Market
7.4.1 Rest of North America Frozen Hake Market by Species
7.4.2 Rest of North America Frozen Hake Market by Form
7.4.3 Rest of North America Frozen Hake Market by Distribution Channel
Chapter 8. Company Profiles
8.1 Nueva Pescanova, S.L
8.1.1 Company Overview
8.1.2 SWOT Analysis
8.2 Oceana Group
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 SWOT Analysis
8.3 Pacific Seafood Group
8.3.1 Company Overview
8.3.2 SWOT Analysis
8.4 Maruha Nichiro Corporation
8.4.1 Company Overview
8.5 Profand Fishing Holding S.L.
8.5.1 Company Overview
8.5.2 SWOT Analysis
8.6 Royal Greenland A/S
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 SWOT Analysis
8.7 Unilever PLC
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 SWOT Analysis
8.8 Thai Union Group PLC
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 SWOT Analysis
8.9 High Liner Foods
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 SWOT Analysis
8.10. Kingsun Foods Co., Ltd
8.10.1 Company Overview
8.10.2 SWOT Analysis

Companies Mentioned

  • 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

Methodology

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