The North America frozen seafood market size reached a value of US$ 12.9 Billion in 2018. 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. Looking forward, IMARC Group expects the market to reach a value of US$ 15.3 Billion by 2024, exhibiting a CAGR of nearly 3% during 2019-2024.
Report Coverage
Historical, Current and Future Market Trends
Market Breakup by Region
United States currently dominates the market, holding the largest share.
Market Breakup by Type
- Shrimp
- Salmon
- Tuna
- Tilapia
- Pangasius
- Catfish
- Others
Shrimp currently represent the largest segment.
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Speciality Retailers
- Convenience Stores
- Online
- Others
Supermarkets and Hypermarkets currently represent the leading segment.
Market Breakup by Sector
Retail sector currently dominates the market, holding majority of the market share.
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:
- How has the North America frozen seafood market performed so far and how will it perform in the coming years?
- What is the breakup of the market based on the region?
- What is the breakup of the market based on the seafood type?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the sector?
- What are the various stages in the value chain of the North America frozen seafood industry?
- What are the key driving factors and challenges in the North America frozen seafood industry?
- What is the structure of the North America frozen seafood industry and who are the key players?
- What is the degree of competition in the North America frozen seafood industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 North America Frozen Seafood Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Region
5.4 Market Breakup by Type
5.5 Market Breakup by Distribution Channel
5.6 Market Breakup by Sector
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Seafood Harvesting
5.9.3 Primary Processing
5.9.4 Packaging and Export
5.9.5 Distribution
5.9.6 End-Use
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 Price Analysis
5.11.1 Price Indicators
5.11.2 Price Structure
5.11.3 Price Trends
6 Market Breakup by Region
6.1 United States
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Canada
6.2.1 Market Trends
6.2.1 Market Forecast
7 Market Breakup by Type
7.1 Shrimp
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Salmon
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Tuna
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Tilapia
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Pangasius
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Catfish
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Supermarkets and Hypermarkets
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Speciality Retailers
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Convenience Stores
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Online
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Sector
9.1 Retail
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Institutional
9.2.1 Market Trends
9.2.2 Market Forecast
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 Leroy Seafood
10.3.2 High Liner Foods
10.3.3 Marine Harvest
10.3.4 Iglo Group
10.3.5 Austevoll Seafood
10.3.6 Fishery Products International
List of Figures
Figure 1: North America: Frozen Seafood Market: Major Drivers and Challenges
Figure 2: North America: Frozen Seafood Market: Sales Value (in Billion US$), 2013-2018
Figure 3: North America: Frozen Seafood Market: Breakup by Region (in %), 2018
Figure 4: North America: Frozen Seafood Market: Breakup by Type (in %), 2018
Figure 5: North America: Frozen Seafood Market: Breakup by Distribution Channel (in %), 2018
Figure 6: North America: Frozen Seafood Market: Breakup by Sector (in %), 2018
Figure 7: North America: Frozen Seafood Market: Sales Value (in Billion US$), 2019-2024
Figure 8: North America: Frozen Seafood Market: SWOT Analysis
Figure 9: North America: Frozen Seafood Market: Value Chain Analysis
Figure 10: North America: Frozen Seafood Market: Porter’s Five Forces Analysis
Figure 11: United States: Frozen Seafood Market: Sales Value (in Billion US$), 2013 & 2018
Figure 12: United States: Frozen Seafood Market: Sales Value (in Billion US$), 2019-2024
Figure 13: Canada: Frozen Seafood Market: Sales Value (in Billion US$), 2013 & 2018
Figure 14: Canada: Frozen Seafood Market: Sales Value (in Billion US$), 2019-2024
Figure 15: North America: Frozen Shrimp Market: Sales Value (in Billion US$), 2013 & 2018
Figure 16: North America: Frozen Shrimp Market: Sales Value (in Billion US$), 2019-2024
Figure 17: North America: Frozen Salmon Market: Sales Value (in Billion US$), 2013 & 2018
Figure 18: North America: Frozen Salmon Market: Sales Value (in Billion US$), 2019-2024
Figure 19: North America: Frozen Tuna Market: Sales Value (in Billion US$), 2013 & 2018
Figure 20: North America: Frozen Tuna Market: Sales Value (in Billion US$), 2019-2024
Figure 21: North America: Frozen Tilapia Market: Sales Value (in Billion US$), 2013 & 2018
Figure 22: North America: Frozen Tilapia Market: Sales Value (in Billion US$), 2019-2024
Figure 23: North America: Frozen Pangasius Market: Sales Value (in Billion US$), 2013 & 2018
Figure 24: North America: Frozen Pangasius Market: Sales Value (in Billion US$), 2019-2024
Figure 25: North America: Frozen Catfish Market: Sales Value (in Billion US$), 2013 & 2018
Figure 26: North America: Frozen Catfish Market: Sales Value (in Billion US$), 2019-2024
Figure 27: North America: Other Frozen Seafood Market: Sales Value (in Billion US$), 2013 & 2018
Figure 28: North America: Other Frozen Seafood Market: Sales Value (in Billion US$), 2019-2024
Figure 29: North America: Supermarkets and Hypermarkets Frozen Seafood Market: Sales Value (in Billion US$), 2013 & 2018
Figure 30: North America: Supermarkets and Hypermarkets Frozen Seafood Market: Sales Value (in Billion US$), 2019-2024
Figure 31: North America: Specialty Retailers Frozen Seafood Market: Sales Value (in Billion US$), 2013 & 2018
Figure 32: North America: Specialty Retailers Frozen Seafood Market: Sales Value (in Billion US$), 2019-2024
Figure 33: North America: Convenience Stores Frozen Seafood Market: Sales Value (in Billion US$), 2013 & 2018
Figure 34: North America: Convenience Stores Frozen Seafood Market: Sales Value (in Billion US$), 2019-2024
Figure 35: North America: Online Frozen Seafood Market: Sales Value (in Billion US$), 2013 & 2018
Figure 36: North America: Online Frozen Seafood Market: Sales Value (in Billion US$), 2019-2024
Figure 37: North America: Other Frozen Seafood Market: Sales Value (in Billion US$), 2013 & 2018
Figure 38: North America: Other Frozen Seafood Market: Sales Value (in Billion US$), 2019-2024
Figure 39: North America: Frozen Seafood Market (Retail): Sales Value (in Billion US$), 2013 & 2018
Figure 40: North America: Frozen Seafood Market (Retail): Sales Value (in Billion US$), 2019-2024
Figure 41: North America: Frozen Seafood Market (Institutional): Sales Value (in Billion US$), 2013 & 2018
Figure 42: North America: Frozen Seafood Market (Institutional): Sales Value (in Billion US$), 2019-2024
List of Tables
Table 1: North America: Frozen Seafood Market: Key Industry Highlights, 2018 and 2024
Table 2: North America: Frozen Seafood Market: Breakup by Region (in Billion US$), 2019-2024
Table 3: North America: Frozen Seafood Market: Breakup by Type (in Billion US$), 2019-2024
Table 4: North America: Frozen Seafood Market: Breakup by Distribution Channel (in Billion US$), 2019-2024
Table 5: North America: Frozen Seafood Market: Breakup by Sector (in Billion US$), 2019-2024
Table 6: North America: Frozen Seafood Market Structure
Table 7: North America: Frozen Seafood Market: Key Players