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The frozen seafood market in North America is growing at a healthy pace due to multiple factors, such as the rising urbanisation, rise in the working population base, and increasing popularity of ready-to-cook foods. Based on distribution channel, supermarkets and hypermarkets accounted for a major share in the industry. This can be attributed to the wide variety available through these channels and the high market penetration of supermarket chains across the region. The improvement of cryogenic technologies has also helped the market to expand in further interior regions. Besides the US, Canada has a high growth potential and the country is expected to account for a significant market share in the forecast period.
The market for frozen seafood products in North America is currently being driven by the rising demand for fast foods such as ready-to-eat (RTE) and ready-to-cook (RTC) products, as well as the rising consumer awareness about health. The RTE and RTC products save time in the kitchen and are gaining popularity among working people who lead busy lives. Consumer knowledge of the nutritional benefits of seafood for eyes and heart health, as well as changing lifestyles, are driving up the demand for these items. In addition, rapid advancements in freezing technology, improved supply chain options, the premiumisation of goods, growing population, and increasing urbanisation are further propelling the industry forward.
North America Frozen Seafood Market Size
North America Frozen Seafood Market Growth
North America Frozen Seafood Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 North America Frozen Seafood Market Analysis
8.1 Key Industry Highlights
8.2 North America Frozen Seafood Historical Market (2018-2023)
8.3 North America Frozen Seafood Market Forecast (2024-2032)
8.4 North America Frozen Seafood Market by Type
8.4.1 Shrimp
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Salmon
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Tuna
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Tilapia
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Pangasius
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Catfish
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Others
8.5 North America Frozen Seafood Market by Sector
8.5.1 Retail
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Institutional
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 North America Frozen Seafood Market by Distribution Channel
8.6.1 Supermarkets and Hypermarkets
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Convenience Stores
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Speciality Stores
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Online
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 North America Frozen Seafood Market by Country
8.7.1 United States
8.7.2 Canada
9 Regional Analysis
9.1 United States
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Price Analysis
13.1 United States Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.1.1 Frozen Fish
13.1.2 Frozen Shrimp and Prawn
13.1.3 Frozen Crab
13.2 Canada Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.2.1 Frozen Fish
13.2.2 Frozen Shrimp and Prawn
13.2.3 Frozen Crab
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Beaver Street Fisheries, Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Lerøy Seafood Group
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Trident Seafoods Corporation
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Pacific American Fish Company, Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 The Fishin' Company
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 High Liner Foods Incorporated
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Crystal Cove Seafood Corporation
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Frozen Seafood Market: Key Industry Highlights, 2018 and 2032
2. North America Frozen Seafood Historical Market: Breakup by Product (USD Billion), 2018-2023
3. North America Frozen Seafood Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. North America Frozen Seafood Historical Market: Breakup by Sector (USD Billion), 2018-2023
5. North America Frozen Seafood Market Forecast: Breakup by Sector (USD Billion), 2024-2032
6. North America Frozen Seafood Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. North America Frozen Seafood Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8. North America Frozen Seafood Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Frozen Seafood Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. United States Frozen Seafood Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Canada Frozen Seafood Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. Major Importing Countries by Volume
13. Major Exporting Countries by Volume
14. Major Importing Countries by Value
15. Major Exporting Countries by Value
16. United Historical Price Trends and Forecast 2018-2028
17. Canada Historical Price Trends and Forecast 2018-2028
18. North America Frozen Seafood Market Structure
In 2023, the North America frozen seafood market attained a value of nearly USD 71.86 billion.
The market is projected to grow at a CAGR of 4.1% between 2024 and 2032.
The major drivers of the market include rising disposable incomes, increasing demand for ready-to-eat (RTE) foods, increasing population, growing demand for seafood due to its health benefits, and the presence of advanced technologies in North America.
The key trends guiding the market growth include the premiumisation of frozen goods and rapid advancements in freezing technologies.
The different types of the product available in the market include shrimp, salmon, tuna, tilapia, pangasius, and catfish, among others.
The various sectors considered in the market are retail and institutional.
The different distribution channels of the product include supermarkets and hypermarkets, convenience stores, speciality stores, and online, among others.
The major countries of frozen seafood considered in the North America market are the United States and Canada.
The leading players in this market are Beaver Street Fisheries, Inc., Lerøy Seafood Group, Trident Seafoods Corporation, Pacific American Fish Company, Inc., The Fishin' Company, High Liner Foods Incorporated, and Crystal Cove Seafood Corporation, among others.
The global North America frozen seafood market attained a value of USD 71.86 billion in 2023, driven by the advancements in freezing technology, growing population, and growing consumer knowledge of the nutritional benefits of seafood and changing lifestyles. Aided by the premiumisation of goods, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.1%.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on type, the North America frozen seafood industry can be segmented into shrimp, salmon, tuna, tilapia, pangasius, and catfish, among others. By sector, the industry can be divided into retail and institutional. The significant distribution channels of the product are supermarkets and hypermarkets, convenience stores, speciality stores, and online, among others. The key players in the above industry include Beaver Street Fisheries, Inc., Lerøy Seafood Group, Trident Seafoods Corporation, Pacific American Fish Company, Inc., The Fishin' Company, High Liner Foods Incorporated, and Crystal Cove Seafood Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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