North America Frozen Fish Market Size, Share & Trends Analysis Report By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, and Specialty Stores), By Type, By Country and Growth Forecast, 2023 - 2030
The North America Frozen Fish Market would witness market growth of 6.8% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 162.7 kilo tonnes, showcasing a growth of 4.3% (2019-2022).
The frozen fish segment within specialty stores thrives on offering an extensive range of options, including exotic species, sustainably sourced varieties, and value-added products like pre-marinated or seasoned fillets. By focusing on quality and diversity, specialty stores create a niche market for frozen fish products, appealing to consumers who prioritize freshness, taste, and ethical sourcing practices. Therefore, the Canada Market utilize 1.3 kilo tonnes frozen fish at speciality stores in 2022.
The US market dominated the North America Frozen Fish Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6,371 Million by 2030. The Canada market is experiencing a CAGR of 9.2% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 8.2% during (2023 - 2030).
There is a growing trend towards premiumization within the frozen fish market. Consumers are increasingly seeking high-quality, premium frozen seafood options that closely rival the freshness and flavor of their fresh counterparts. This trend is driven by the desire for restaurant-quality seafood experiences at home, encouraging manufacturers to focus on premium freezing techniques and source seafood from sustainable and traceable fisheries. Innovative packaging solutions to improve frozen fish products' sustainability and convenience have increased in the market.
In regions where fresh seafood is scarce, frozen fish becomes an important ingredient, allowing consumers to enjoy traditional dishes that highlight the flavors of the sea. Home cooks increasingly turn to frozen fish for its convenience and versatility. With individually portioned fillets and a longer shelf life than fresh fish, frozen options offer flexibility in meal planning. Whether preparing a quick weeknight dinner or experimenting with new recipes, consumers value the ease of incorporating frozen fish into their home-cooked meals.
E-commerce platforms offer consumers the convenience of shopping for frozen fish products from the comfort of their homes in North America. In North America, frozen fish is more accessible to a wider range of consumers due to the convenience of online ordering and doorstep delivery, preventing physical trips to grocery stores. Hence, the factors mentioned above will drive the regional market growth.
Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online Retail, and Specialty Stores. Based on Type, the market is segmented into Salmon, Tuna, Shrimp, Cod, Tilapia, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Dongwon Enterprises Co. Ltd.
- Mowi ASA
- Zoneco Group Co., Ltd.
- F.C.F. Fishery Co., Ltd.
- Nippon Suisan Kaisha, Ltd.
- Chicken of the sea International (Thai Union Group PLC)
- Nueva Pescanova, S.L (Abanca Corporación Bancaria, S.A.)
- Tassal Group Limited
- High Liner Foods
- SalMar ASA (Kvera AS)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Supermarkets & Hypermarkets
- Convenience Stores
- Online Retail
- Specialty Stores
- Salmon
- Tuna
- Shrimp
- Cod
- Tilapia
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Frozen Fish Market, by Distribution Channel
- 1.4.2 North America Frozen Fish Market, by Type
- 1.4.3 North America Frozen Fish Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. North America Frozen Fish Market, by Distribution Channel
- 4.1 North America Supermarkets & Hypermarkets Market, by Country
- 4.2 North America Convenience Stores Market, by Country
- 4.3 North America Online Retail Market, by Country
- 4.4 North America Specialty Stores Market, by Country
- Chapter 5. North America Frozen Fish Market, by Type
- 5.1 North America Salmon Market, by Country
- 5.2 North America Tuna Market, by Country
- 5.3 North America Shrimp Market, by Country
- 5.4 North America Cod Market, by Country
- 5.5 North America Tilapia Market, by Country
- 5.6 North America Others Market, by Country
- Chapter 6. North America Frozen Fish Market, by Country
- 6.1 US Frozen Fish Market
- 6.1.1 US Frozen Fish Market, by Distribution Channel
- 6.1.2 US Frozen Fish Market, by Type
- 6.2 Canada Frozen Fish Market
- 6.2.1 Canada Frozen Fish Market, by Distribution Channel
- 6.2.2 Canada Frozen Fish Market, by Type
- 6.3 Mexico Frozen Fish Market
- 6.3.1 Mexico Frozen Fish Market, by Distribution Channel
- 6.3.2 Mexico Frozen Fish Market, by Type
- 6.4 Rest of North America Frozen Fish Market
- 6.4.1 Rest of North America Frozen Fish Market, by Distribution Channel
- 6.4.2 Rest of North America Frozen Fish Market, by Type
- Chapter 7. Company Profiles
- 7.1 Dongwon Enterprises Co. Ltd.
- 7.1.1 Company Overview
- 7.1.2 SWOT Analysis
- 7.2 Mowi ASA
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 SWOT Analysis
- 7.3 F.C.F. Fishery Co., Ltd (Bumble Bee Foods, LLC)
- 7.3.1 Company Overview
- 7.3.2 SWOT Analysis
- 7.4 Zoneco Group Co., Ltd
- 7.4.1 Company Overview
- 7.4.2 SWOT Analysis
- 7.5 Nippon Suisan Kaisha, Ltd.
- 7.5.1 Company Overview
- 7.5.2 SWOT Analysis
- 7.6 Chicken of the Sea International (Thai Union Group PLC)
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Research & Development Expense
- 7.6.4 SWOT Analysis
- 7.7 Nueva Pescanova, S.L (Abanca Corporación Bancaria, Sa)
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental and Regional Analysis
- 7.7.4 SWOT Analysis
- 7.8 Tassal Group Limited
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental and Regional Analysis
- 7.8.4 SWOT Analysis
- 7.9 High Liner Foods
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 SWOT Analysis
- 7.10. SalMar ASA (Kverva AS)
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental and Regional Analysis
- 7.10.4 SWOT Analysis
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