Reports
North America Frozen Seafood Market: By Type: Shrimp, Salmon, Tuna, Tilapia, Pangasius, Catfish, Others; By Sector: Retail, Institutional; By Distribution Channel: Supermarkets and Hypermarkets, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
North America Frozen Seafood Market Outlook
The North America frozen seafood market reached a value of about USD 13 billion in 2020. The industry is further expected to grow at a CAGR of about 4.1% in the forecast period of 2023-2028.
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Increased Penetration of Supermarkets and Hypermarkets to Aid the Frozen Seafood Industry Growth in North America
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.
Frozen Seafood: Market Segmentation
Frozen seafood products are those that have been frozen to deter bacterial growth, retain their flavour and nutritional value, and extend their shelf life. Cryofreezing is the most popular method for preparing a variety of seafood items. These products are high in micronutrients, proteins, and fatty acids, and they are currently favoured over canned and fresh seafood in the country.
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The North America frozen seafood industry can be classified by type into:
- Shrimp
- Salmon
- Tuna
- Tilapia
- Pangasius
- Catfish
- Others
The market can be divided by sector into:
- Retail
- Institutional
The market can be divided by distribution channel as follows:
- Supermarkets and Hypermarkets
- Convenience Stores
- Speciality Stores
- Online
- Others
The regional markets for North America frozen seafood can be divided into the United States of America and Canada.
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Changes in Eating Habits Bolstering the Market Growth
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.
Key Industry Players in the North America Frozen Seafood Market
The report gives a detailed analysis of the following key players in the North America frozen seafood market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Beaver Street Fisheries, Inc.
- Lerøy Seafood Group
- Trident Seafoods Corporation
- Pacific American Fish Company, Inc.
- The Fishin' Company
- High Liner Foods Incorporated
- Crystal Cove Seafood Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Sector, Distribution Channel, Country |
| Breakup by Type | Shrimp, Salmon, Tuna, Tilapia, Pangasius, Catfish, Others |
| Breakup by Sector | Retail, Institutional |
| Breakup by Distribution Channel | Supermarkets and Hypermarkets, Convenience Stores, Speciality Stores, Online, Others |
| Breakup by Country | United States, Canada |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Beaver Street Fisheries, Inc., Lerøy Seafood Group, Trident Seafoods Corporation, Pacific American Fish Company, Inc., The Fishin' Company, High Liner Foods Incorporated, Crystal Cove Seafood Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Industry Opportunities and Challenges
8 North America Frozen Seafood Market Analysis
8.1 Key Industry Highlights
8.2 North America Frozen Seafood Historical Market (2018-2022)
8.3 North America Frozen Seafood Market Forecast (2023-2028)
8.4 North America Frozen Seafood Market by Type
8.4.1 Shrimp
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Salmon
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Tuna
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Tilapia
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Pangasius
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Catfish
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2022)
8.4.6.3 Forecast Trend (2023-2028)
8.4.7 Others
8.5 North America Frozen Seafood Market by Sector
8.5.1 Retail
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Institutional
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 North America Frozen Seafood Market by Distribution Channel
8.6.1 Supermarkets and Hypermarkets
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Convenience Stores
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Speciality Stores
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Online
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Others
8.7 North America Frozen Seafood Market by Country
8.7.1 Market Share
8.7.1.1 United States
8.7.1.2 Canada
9 Regional Analysis
9.1 United States
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
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 (2018-2022) and Forecast (2023-2028)
13.1.1 Frozen Fish
13.1.2 Frozen Shrimp and Prawn
13.1.3 Frozen Crab
13.2 Canada Historical Price Trends (2018-2022) and Forecast (2023-2028)
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 Industry Events and Developments
List of Key Figures and Tables
1. North America Frozen Seafood Market: Key Industry Highlights, 2018 and 2028
2. North America Frozen Seafood Historical Market: Breakup by Product (USD Billion), 2018-2022
3. North America Frozen Seafood Market Forecast: Breakup by Product (USD Billion), 2023-2028
4. North America Frozen Seafood Historical Market: Breakup by Sector (USD Billion), 2018-2022
5. North America Frozen Seafood Market Forecast: Breakup by Sector (USD Billion), 2023-2028
6. North America Frozen Seafood Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
7. North America Frozen Seafood Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
8. North America Frozen Seafood Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Frozen Seafood Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. United States Frozen Seafood Historical Market: Breakup by Region (USD Billion), 2018-2022
11. Canada Frozen Seafood Market Forecast: Breakup by Region (USD Billion), 2023-2028
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
Key Questions Answered in the Report
In 2020, the North America frozen seafood market attained a value of nearly USD 13 billion.
The market is projected to grow at a CAGR of 4.1% between 2021 and 2026.
The major drivers of the industry 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 premiumisation of goods is expected to be a key trend guiding the growth of the industry.
The different types of frozen seafood preferred in North America are shrimp, salmon, tuna, tilapia, pangasius, and catfish, among others.
North America frozen seafood industry has been divided based on sector into retail and institutional.
The different distribution channels of the product include supermarkets and hypermarkets, convenience stores, speciality stores, and online, among others.
The major regions in the industry include Canada and the United States of America.
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.
Analyst Review
The global North America frozen seafood market attained a value of USD 13 billion in 2020, 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 2023-2028, 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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