North America Frozen Seafood Market Report and Forecast 2025-2034

The North America frozen seafood market reached a value of about USD 71.86 Billion in 2024. The industry is further expected to grow at a CAGR of about 4.10% in the forecast period of 2025-2034 to reach value of around USD 107.40 Billion by 2034.

Increased Penetration of Supermarkets and Hypermarkets to Aid the Frozen Seafood Industry Growth in North America

The frozen seafood market in North America is growing at a healthy pace due to multiple factors, such as the rising urbanisation, rise in the working population base, and increasing popularity of ready-to-cook foods. Based on distribution channel, supermarkets and hypermarkets accounted for a major share in the industry. This can be attributed to the wide variety available through these channels and the high market penetration of supermarket chains across the region. The improvement of cryogenic technologies has also helped the market to expand in further interior regions. Besides the US, Canada has a high growth potential and the country is expected to account for a significant market share in the forecast period.

Frozen Seafood: Market Segmentation

Frozen seafood products are those that have been frozen to deter bacterial growth, retain their flavour and nutritional value, and extend their shelf life. Cryofreezing is the most popular method for preparing a variety of seafood items. These products are high in micronutrients, proteins, and fatty acids, and they are currently favoured over canned and fresh seafood in the country.

The North America frozen seafood industry can be classified by type into:

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

The market can be divided by sector into:

• Retail
• Institutional

The market can be divided by distribution channel as follows:

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

The regional markets for North America frozen seafood can be divided into:

• United States of America
• Canada

Changes in Eating Habits Bolstering the Market Growth

The market for frozen seafood products in North America is currently being driven by the rising demand for fast foods such as ready-to-eat (RTE) and ready-to-cook (RTC) products, as well as the rising consumer awareness about health. The RTE and RTC products save time in the kitchen and are gaining popularity among working people who lead busy lives. Consumer knowledge of the nutritional benefits of seafood for eyes and heart health, as well as changing lifestyles, are driving up the demand for these items. In addition, rapid advancements in freezing technology, improved supply chain options, the premiumisation of goods, growing population, and increasing urbanisation are further propelling the industry forward.

Key Industry Players in the North America Frozen Seafood Market

The report gives a detailed analysis of the following key players in the North America frozen seafood market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Beaver Street Fisheries, Inc.
• Lerøy Seafood Group
• Trident Seafoods Corporation
• Pacific American Fish Company, Inc.
• The Fishin' Company
• High Liner Foods Incorporated
• Crystal Cove Seafood Corporation
• Others

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.