IMARC Group, a leading market research company, has recently releases report titled “North America Frozen Seafood Market Report by Type (Shrimp, Salmon, Tuna, Tilapia, Pangasius, Catfish, and Others), Distribution Channel (Supermarkets and Hypermarkets, Speciality Retailers, Convenience Stores, Online, and Others), Sector (Retail, Institutional), and Country 2024-2032”. The study provides a detailed analysis of the industry, including the North America frozen seafood market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the North America Frozen Seafood Market?
The North America frozen seafood market size reached US$ 15.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 20.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032.
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North America Frozen Seafood Market Trends and Drivers:
The North America frozen seafood market is experiencing robust growth, propelled by the increasing consumer demand for convenient, healthy, and ready-to-cook food options. Additionally, the growing consciousness among consumers regarding the health benefits associated with the intake of seafood, such as high protein and omega-3 fatty acids, is driving the usage of frozen seafood products. In line with this, the convenience of frozen seafood, offering longer shelf life and ease of preparation, appeals to the busy lifestyles of individuals in North America, thereby escalating the regional market. Moreover, the growing focus on sustainable fishing practices and traceability is also acting as another significant growth-inducing factor.
Emerging trends in the North America frozen seafood market include the innovation in packaging and preservation technologies that enhance product quality and convenience. Apart from this, vacuum packaging and improved freezing techniques are being adopted to retain the nutritional value and taste of seafood products, which is creating a positive outlook for the market. Furthermore, the rising consumer inclination towards value-added frozen seafood products, such as marinated or pre-seasoned options, catering to the elevating demand for gourmet and exotic flavors, is bolstering the market growth across the regional market. Besides this, the inflating need for sustainably sourced and organic seafood, owing to the elevating consumer preference for environmentally friendly and ethical food choices, is anticipated to drive the North America frozen seafood market in the coming years.
North America Frozen Seafood Market Report Segmentation:
The report is organized into distinct sections as follows:
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
Breakup by Country:
- United States
- Canada
Leading Companies Operating in the North America Frozen Seafood Industry:
- Leroy Seafood
- High Liner Foods
- Marine Harvest
- Iglo Group
- Austevoll Seafood
- Fishery Products International
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Other Key Points Covered in the Report:
- COVID-19 Impact
- Porters Five Forces Analysis
- Value Chain Analysis
- Strategic Recommendations
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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