North America Frozen Seafood Market

The North America frozen seafood market size reached a value of US$ 13.3 Billion in 2019. 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 North America frozen seafood market to exhibit moderate growth during the next five years.

Report Coverage

Historical, Current and Future Market Trends

Market Breakup by Region

• United States
• Canada

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
• 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
   

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 has been the impact of COVID-19 on the North America frozen seafood market?
• 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    Impact of COVID-19
    5.4    Market Breakup by Region
    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 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$), 2014-2019
Figure 3: North America: Frozen Seafood Market: Breakup by Region (in %), 2019
Figure 4: North America: Frozen Seafood Market: Breakup by Type (in %), 2019
Figure 5: North America: Frozen Seafood Market: Breakup by Distribution Channel (in %), 2019
Figure 6: North America: Frozen Seafood Market: Breakup by Sector (in %), 2019
Figure 7: North America: Frozen Seafood Market: Sales Value (in Billion US$), 2020-2025
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$), 2014 & 2019
Figure 12: United States: Frozen Seafood Market: Sales Value (in Billion US$), 2020-2025
Figure 13: Canada: Frozen Seafood Market: Sales Value (in Billion US$), 2014 & 2019
Figure 14: Canada: Frozen Seafood Market: Sales Value (in Billion US$), 2020-2025
Figure 15: North America: Frozen Shrimp Market: Sales Value (in Billion US$), 2014 & 2019
Figure 16: North America: Frozen Shrimp Market: Sales Value (in Billion US$), 2020-2025
Figure 17: North America: Frozen Salmon Market: Sales Value (in Billion US$), 2014 & 2019
Figure 18: North America: Frozen Salmon Market: Sales Value (in Billion US$), 2020-2025
Figure 19: North America: Frozen Tuna Market: Sales Value (in Billion US$), 2014 & 2019
Figure 20: North America: Frozen Tuna Market: Sales Value (in Billion US$), 2020-2025
Figure 21: North America: Frozen Tilapia Market: Sales Value (in Billion US$), 2014 & 2019
Figure 22: North America: Frozen Tilapia Market: Sales Value (in Billion US$), 2020-2025
Figure 23: North America: Frozen Pangasius Market: Sales Value (in Billion US$), 2014 & 2019
Figure 24: North America: Frozen Pangasius Market: Sales Value (in Billion US$), 2020-2025
Figure 25: North America: Frozen Catfish Market: Sales Value (in Billion US$), 2014 & 2019
Figure 26: North America: Frozen Catfish Market: Sales Value (in Billion US$), 2020-2025
Figure 27: North America: Other Frozen Seafood Market: Sales Value (in Billion US$), 2014 & 2019
Figure 28: North America: Other Frozen Seafood Market: Sales Value (in Billion US$), 2020-2025
Figure 29: North America: Supermarkets and Hypermarkets Frozen Seafood Market: Sales Value (in Billion US$), 2014 & 2019
Figure 30: North America: Supermarkets and Hypermarkets Frozen Seafood Market: Sales Value (in Billion US$), 2020-2025
Figure 31: North America: Specialty Retailers Frozen Seafood Market: Sales Value (in Billion US$), 2014 & 2019
Figure 32: North America: Specialty Retailers Frozen Seafood Market: Sales Value (in Billion US$), 2020-2025
Figure 33: North America: Convenience Stores Frozen Seafood Market: Sales Value (in Billion US$), 2014 & 2019
Figure 34: North America: Convenience Stores Frozen Seafood Market: Sales Value (in Billion US$), 2020-2025
Figure 35: North America: Online Frozen Seafood Market: Sales Value (in Billion US$), 2014 & 2019
Figure 36: North America: Online Frozen Seafood Market: Sales Value (in Billion US$), 2020-2025
Figure 37: North America: Other Frozen Seafood Market: Sales Value (in Billion US$), 2014 & 2019
Figure 38: North America: Other Frozen Seafood Market: Sales Value (in Billion US$), 2020-2025
Figure 39: North America: Frozen Seafood Market (Retail): Sales Value (in Billion US$), 2014 & 2019
Figure 40: North America: Frozen Seafood Market (Retail): Sales Value (in Billion US$), 2020-2025
Figure 41: North America: Frozen Seafood Market (Institutional): Sales Value (in Billion US$), 2014 & 2019
Figure 42: North America: Frozen Seafood Market (Institutional): Sales Value (in Billion US$), 2020-2025

List of Tables

Table 1: North America: Frozen Seafood Market: Key Industry Highlights, 2019 and 2025
Table 2: North America: Frozen Seafood Market Forecast: Breakup by Region (in Billion US$), 2020-2025
Table 3: North America: Frozen Seafood Market Forecast: Breakup by Type (in Billion US$), 2020-2025
Table 4: North America: Frozen Seafood Market Forecast: Breakup by Distribution Channel (in Billion US$), 2020-2025
Table 5: North America: Frozen Seafood Market Forecast: Breakup by Sector (in Billion US$), 2020-2025
Table 6: North America: Frozen Seafood Market Structure
Table 7: North America: Frozen Seafood Market: Key Players