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North America Frozen Seafood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The North America frozen seafood market reached a value of US$ 13.4 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 16.1 Billion by 2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the North America frozen seafood market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on type, distribution channel and sector.

Breakup by Country

  • United States
  • Canada


United States currently dominates the market, holding the largest share.

Breakup by Type

  • Shrimp
  • Salmon
  • Tuna
  • Tilapia
  • Pangasius
  • Catfish
  • Others


Shrimp currently represent the largest segment.

Breakup by Distribution Channel

  • Supermarkets and Hypermarkets
  • Speciality Retailers
  • Convenience Stores
  • Online
  • Others


Supermarkets and Hypermarkets currently represent the leading segment.

Breakup by Sector

  • Retail
  • Institutional


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
     

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Type, Distribution Channel, Sector, Country
Countries Covered United States, Canada
Companies Covered Leroy Seafood, High Liner Foods, Marine Harvest, Iglo Group, Austevoll Seafood and Fishery Products International
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License $ 2499
Five User License $ 2999
Corporate License $ 3499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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    Impact of COVID-19
    5.4    Market Breakup by Country
    5.5    Market Breakup by Type
    5.6    Market Breakup by Distribution Channel
    5.7    Market Breakup by Sector
    5.8    Market Forecast
    5.9    SWOT Analysis
        5.9.1    Overview
        5.9.2    Strengths
        5.9.3    Weaknesses
        5.9.4    Opportunities
        5.9.5    Threats
    5.10    Value Chain Analysis
        5.10.1    Overview
        5.10.2    Seafood Harvesting
        5.10.3    Primary Processing
        5.10.4    Packaging and Export
        5.10.5    Distribution
        5.10.6    End-Use
    5.11    Porters Five Forces Analysis
        5.11.1    Overview
        5.11.2    Bargaining Power of Buyers
        5.11.3    Bargaining Power of Suppliers
        5.11.4    Degree of Competition
        5.11.5    Threat of New Entrants
        5.11.6    Threat of Substitutes
    5.12    Price Analysis
        5.12.1    Price Indicators
        5.12.2    Price Structure
        5.12.3    Price Trends
6    Market Breakup by Country
    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$), 2015-2020
Figure 3: North America: Frozen Seafood Market: Breakup by Country (in %), 2020
Figure 4: North America: Frozen Seafood Market: Breakup by Type (in %), 2020
Figure 5: North America: Frozen Seafood Market: Breakup by Distribution Channel (in %), 2020
Figure 6: North America: Frozen Seafood Market: Breakup by Sector (in %), 2020
Figure 7: North America: Frozen Seafood Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 8: North America: Frozen Seafood Industry: SWOT Analysis
Figure 9: North America: Frozen Seafood Industry: Value Chain Analysis
Figure 10: North America: Frozen Seafood Industry: Porter’s Five Forces Analysis
Figure 11: United States: Frozen Seafood Market: Sales Value (in Billion US$), 2015 & 2020
Figure 12: United States: Frozen Seafood Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 13: Canada: Frozen Seafood Market: Sales Value (in Billion US$), 2015 & 2020
Figure 14: Canada: Frozen Seafood Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 15: North America: Frozen Shrimp Market: Sales Value (in Billion US$), 2015 & 2020
Figure 16: North America: Frozen Shrimp Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 17: North America: Frozen Salmon Market: Sales Value (in Billion US$), 2015 & 2020
Figure 18: North America: Frozen Salmon Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 19: North America: Frozen Tuna Market: Sales Value (in Billion US$), 2015 & 2020
Figure 20: North America: Frozen Tuna Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 21: North America: Frozen Tilapia Market: Sales Value (in Billion US$), 2015 & 2020
Figure 22: North America: Frozen Tilapia Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 23: North America: Frozen Pangasius Market: Sales Value (in Billion US$), 2015 & 2020
Figure 24: North America: Frozen Pangasius Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 25: North America: Frozen Catfish Market: Sales Value (in Billion US$), 2015 & 2020
Figure 26: North America: Frozen Catfish Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 27: North America: Other Frozen Seafood Market: Sales Value (in Billion US$), 2015 & 2020
Figure 28: North America: Other Frozen Seafood Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 29: North America: Supermarkets and Hypermarkets Frozen Seafood Market: Sales Value (in Billion US$), 2015 & 2020
Figure 30: North America: Supermarkets and Hypermarkets Frozen Seafood Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 31: North America: Specialty Retailers Frozen Seafood Market: Sales Value (in Billion US$), 2015 & 2020
Figure 32: North America: Specialty Retailers Frozen Seafood Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 33: North America: Convenience Stores Frozen Seafood Market: Sales Value (in Billion US$), 2015 & 2020
Figure 34: North America: Convenience Stores Frozen Seafood Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 35: North America: Online Frozen Seafood Market: Sales Value (in Billion US$), 2015 & 2020
Figure 36: North America: Online Frozen Seafood Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 37: North America: Other Frozen Seafood Market: Sales Value (in Billion US$), 2015 & 2020
Figure 38: North America: Other Frozen Seafood Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 39: North America: Frozen Seafood Market (Retail): Sales Value (in Billion US$), 2015 & 2020
Figure 40: North America: Frozen Seafood Market Forecast (Retail): Sales Value (in Billion US$), 2021-2026
Figure 41: North America: Frozen Seafood Market (Institutional): Sales Value (in Billion US$), 2015 & 2020
Figure 42: North America: Frozen Seafood Market Forecast (Institutional): Sales Value (in Billion US$), 2021-2026

List of Tables

Table 1: North America: Frozen Seafood Market: Key Industry Highlights, 2020 and 2026
Table 2: North America: Frozen Seafood Market Forecast: Breakup by Country (in Billion US$), 2021-2026
Table 3: North America: Frozen Seafood Market Forecast: Breakup by Type (in Billion US$), 2021-2026
Table 4: North America: Frozen Seafood Market Forecast: Breakup by Distribution Channel (in Billion US$), 2021-2026
Table 5: North America: Frozen Seafood Market Forecast: Breakup by Sector (in Billion US$), 2021-2026
Table 6: North America: Frozen Seafood Market: Competitive Structure
Table 7: North America: Frozen Seafood Market: Key Players

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Key Question Answered in this Report

The North America frozen seafood market was valued at US$ 13.4 Billion in 2020.

The increasing demand of convenient food items, such as processed and ready-to-cook (RTC) products, is currently driving the North America frozen seafood market. 

Sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of frozen seafood.

Based on the type, the North America frozen seafood market can be segregated into shrimp, salmon, tuna, tilapia, pangasius, catfish, and others. Among these, shrimp currently exhibits a clear dominance in the market.

Based on the distribution channel, the North America frozen seafood market has been bifurcated into supermarkets and hypermarkets, speciality retailers, convenience stores, online, and others, where supermarkets and hypermarkets currently hold the largest market share in the North America frozen seafood market. 

Based on the sector, the North America frozen seafood market can be categorized into retail sector and institutional sector. Currently, the retail sector accounts for the majority of the total market share.

On a regional level, the market has been classified into the United States and Canada, where the United States currently dominates the North America frozen seafood market.

Some of the major players in the North America frozen seafood market include Leroy Seafood, High Liner Foods, Marine Harvest, Iglo Group, Austevoll Seafood, and Fishery Products International.

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