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Report
North America Frozen Seafood Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Type (Frozen Fish, Frozen Crustaceans, Frozen Mollusks, and Others) and Distribution Channel (Supermarket and Hypermarkets, Specialty Stores, Online Retail, and Others)
Market Report I 2022-10-12 I 98 Pages I The Insight Partners
The frozen seafood market in North America is expected to grow from US$ 4,282.46 million in 2022 to US$ 6,188.95 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2022 to 2028.
The surging demand for seasonal fish products, along with the trend of consuming wild-caught fish, are driving the growth of the frozen seafood market in North America. Shrimps are a type of seafood that is highly consumed, and its season runs from late March through early December; salmon is available from early summer and goes through the end of the year; alaska pollock is harvested twice a year, once starting in mid-January through the end of March and then again from mid-August to mid-October; cods are available year-round, with a peak in late winter for Pacific and late summer for Atlantic; and tuna are in season from June to November. Seasonal seafood products are in high demand due to their high nutritional value. Eating according to the seasons provides the body with the nutrition it needs. Moreover, wild-caught seafood is gaining increased popularity among pro-health consumers. Since fresh fish have a shorter shelf life, consumers prefer frozen seafood products.
Furthermore, many consumers prefer wild-caught seafood as it is tasty, healthy, and fresh. Since fish sourced in its natural habitats can only be harvested on a seasonal basis, companies are also increasing efforts to freeze-cold wild-caught fish to ensure a year-round supply. Moreover, there are various benefits associated with seasonal eating. It saves money and also improves the quality of food. Due to increase in supply of frozen seafood, the cost of production and distribution decreases, making it affordable for consumers.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America frozen seafood market at a substantial CAGR during the forecast period.
North America Frozen Seafood Market Revenue and Forecast to 2028 (US$ Million)
North America Frozen Seafood Market Segmentation
The North America frozen seafood market is segmented into type, distribution channel, and country.
Based on type, the North America frozen seafood market is segmented into frozen fish, frozen crustaceans, frozen mollusks, and others. In 2022, the frozen fish segment accounted for the largest market share.
Based on distribution channel, the North America frozen seafood market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The supermarkets and hypermarkets segment held the largest share in the market in 2022.
Based on country, the North America frozen seafood market is segmented into the US, Canada, and Mexico. The US held the largest market share in 2022.
American Seafoods Company LLC, Castlerock Inc., Clifton Seafood Company, High Liner Foods Inc, IFC Frozen Seafood, Marine Foods, Mazetta Company LLC, Sterling Seafood, The Sirena Group, and Viet Asia Foods are among the leading companies operating in the North America frozen seafood market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. North America Frozen Seafood Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Suppliers
4.2.3 Bargaining Power of Buyers
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Ecosystem: North America Frozen Seafood Market
5. North America Frozen Seafood Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising demand for seasonal fish products
5.1.2 Rising health awareness among consumers
5.2 Market Restraints
5.2.1 Frozen Seafood Market Faces Severe Challenge from Overfishing
5.3 Market Opportunities
5.3.1 Innovative Product Offerings
5.4 Future Trends
5.4.1 Increased consumption of packaged seafood products
5.5 Impact Analysis of Drivers and Restraint
6. Frozen Seafood Market- North America Analysis
6.1 Frozen Seafood Market Overview
6.2 North America Frozen Seafood Market -Revenue and Forecast To 2028 (US$ Million)
7. North America Frozen Seafood Market Analysis - by Type
7.1 Overview
7.2 North America Frozen Seafood Market, by Type (2021 and 2028)
7.3 Frozen Fish
7.3.1 Overview
7.3.2 Frozen Fish: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Frozen Crustaceans
7.4.1 Overview
7.4.2 Frozen Crustaceans: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Frozen Mollusks
7.5.1 Overview
7.5.2 Frozen Mollusks: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
8. North America Frozen Seafood Market Analysis - by Distribution Channel
8.1 Overview
8.2 North America Frozen Seafood Market, by Distribution Channel (2021 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Specialty Stores
8.4.1 Overview
8.4.2 Specialty Stores: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
9. North America Frozen Seafood Market- Country Analysis
9.1 Overview
9.1.1 North America: Frozen Seafood Market, by Key Country
9.1.1.1 US: Frozen Seafood Market- Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Frozen Seafood Market, By Type
9.1.1.1.2 US: Frozen Seafood Market, by Distribution Channel
9.1.1.2 Mexico: Frozen Seafood Market- Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Mexico: Frozen Seafood Market, By Type
9.1.1.2.2 Mexico: Frozen Seafood Market, by Distribution Channel
9.1.1.3 Canada: Frozen Seafood Market- Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Canada: Frozen Seafood Market, By Type
9.1.1.3.2 Canada: Frozen Seafood Market, by Distribution Channel
10. Company Profiles
10.1 American Seafoods Company LLC.
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Marine Foods B.V.
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Viet Asia Foods.
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Castlerock Inc.
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 High Liner Foods Incorporated
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Sirena Group A/S
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 Mazzetta Company, LLC
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 Clifton Seafood Company
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 Sterling Seafood
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments
10.10 IFC Frozen Seafood
10.10.1 Key Facts
10.10.2 Business Description
10.10.3 Products and Services
10.10.4 Financial Overview
10.10.5 SWOT Analysis
10.10.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. US Frozen Seafood Market, Type - Revenue and Forecast to 2028 (US$ Million)
Table 3. US Frozen Seafood Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 4. Mexico Frozen Seafood Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 5. Mexico Frozen Seafood Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada Frozen Seafood Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada Frozen Seafood Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 8. Glossary of Terms, North America Frozen Seafood Market
LIST OF FIGURES
Figure 1. North America Frozen Seafood Market Segmentation
Figure 2. North America Frozen Seafood Market Segmentation - By Country
Figure 3. North America Frozen Seafood Market Overview
Figure 4. Frozen Fish Segment Held Largest Share of North America Frozen Seafood Market
Figure 5. US Held Largest Share of North America Frozen Seafood Market
Figure 6. Porter's Five Forces Analysis
Figure 7. North America Frozen Seafood Market Impact Analysis of Drivers and Restraints
Figure 8. North America: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
Figure 9. North America Frozen Seafood Market Revenue Share, by Type (2021 and 2028)
Figure 10. North America Frozen Fish: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America Frozen Crustaceans: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Frozen Mollusks: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Frozen Mollusks: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Frozen Seafood Market Revenue Share by Distribution Channel (2021 and 2028)
Figure 15. North America Supermarkets and Hypermarkets: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Specialty Stores: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Online Retail: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Others: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America: Frozen Seafood Market, by Key Country- Revenue (2021) (US$ Million)
Figure 20. North America: Frozen Seafood Market Revenue Share, by Key Country (2021 and 2028)
Figure 21. US: Frozen Seafood Market- Revenue and Forecast to 2028 (US$ Million)
Figure 22. Mexico: Frozen Seafood Market- Revenue and Forecast to 2028 (US$ Million)
Figure 23. Canada: Frozen Seafood Market- Revenue and Forecast to 2028 (US$ Million)
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