North America Seafood Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

The North America Seafood Market is segmented by Type ( Fish, Shrimp ) , by Form ( Fresh / Chilled, Frozen / Canned, Processed ) , by Distribution Channel ( Off-Trade, On-Trade ) and by Country ( Canada, Mexico, United States )

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North America Seafood Industry Overview

market-snapshot graph
https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2016 - 2028
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Type: Fish
https://s3.mordorlabs.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country: United States
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 1.07 %

Major Players

major-player-company-image major-player-company-image major-player-company-image major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

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North America Seafood Market Analysis

The North America Seafood Market is projected to register a CAGR of 1.07%

  • Largest Segment by Type - Fish : The frozen form dominates the fish segment of the market as it is more readily available and less expensive. The higher shelf life of frozen fishes further drives its demand.
  • Largest Segment by Country - United States : The larger on-trade industry, high seafood production, presence of distinct ethnic groups, and higher purchasing power are a few of the major factors driving the US market.
  • Fastest-growing Segment by Type - Shrimp : The constantly increasing per capita shrimp consumption, mainly through the off-trade channel, is driving the growth. However, the on-trade channel holds a major market share.
  • Fastest-growing Segment by Country - Mexico : The other seafood segment, including crabs and lobsters, is primarily driving the Mexican market. The growing online seafood distribution may further drive the market.

North America Seafood Industry Segments

Fish, Shrimp are covered as segments by Type. Fresh / Chilled, Frozen / Canned, Processed are covered as segments by Form. Off-Trade, On-Trade are covered as segments by Distribution Channel. Canada, Mexico, United States are covered as segments by Country.
Type
Fish
Shrimp
Other Seafood
Form
Fresh / Chilled
Frozen / Canned
Processed
Distribution Channel
Off-Trade
Convenience Stores
Online Channel
Supermarkets And Hypermarkets
Others
On-Trade
Country
Canada
Mexico
United States
Rest Of North America

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North America Seafood Market Trends

This section covers the major market trends shaping the North America Seafood Market according to our research experts:

Fish is the largest segment by Type.

  • In the North American region, fish is the major category in the seafood market. Improving infrastructure, freezing storage facilities, and ensuring the availability of high-quality fish commodities for domestic consumers are critical components of an efficient and profitable supply chain. In the North American region, fish per capita consumption accounted for 16.84 % in 2021.
  • In North America, shrimp is the fastest-growing segment in the seafood market. The shrimp sector is gaining traction as shrimp are being widely used in dietary supplements to overcome the lack of protein intake among consumers. As consumers have increased the protein intake in their diet and as it is the best source of protein available, the consumption of shrimp ingredients is rising tremendously, leading to an expansion in the shrimp market. Shrimps are expected to register a CAGR of 2.20%, by value, during the forecast period.
  • In the United States, regulators implemented season-length restrictions, total allowable catch limits, and gear and vessel power restrictions to combat overfishing. As a result, fishermen adopted new technologies and methods to work around these controls. Therefore, the prices of fish increased. In the United States, the fish segment registered a growth of 15.06%, by value, from 2018 to 2020.
  • Seafood is expected to register a CAGR of 0.77%, by value, during the forecast period (2022-2028). The US President signed an executive order for promoting American seafood in May 2020 to boost competitiveness in the seafood industry. It also urges the expansion of sustainably produced seafood in the United States. For competitive expansion, major corporations, including Marine Harvest, Starkist, and Nippon Suisan, are concentrating on the market's numerous product innovations.
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United States is the largest segment by Country.

  • • The United States accounted for the major share of the global seafood market and recorded a Y-o-Y growth rate of 5.8% from 2020 to 2021. The country is expected to hold the largest market share due to increasing consumer inclination toward seafood consumption and the growing food and beverage industries in North America.
  • Seafood sales increased by around 5.54% in 2020 compared to the previous year. During the COVID-19 pandemic, 56% of seafood was purchased at retail outlets like grocery stores or fish markets, while 31% was purchased at restaurants. The pandemic affected overall seafood sales. However, continuous restrictions and disruptions in the functioning of companies in the United States during the fourth quarter of 2020 hampered the production of processed seafood.
  • By type, fish was the highest-consumed product in the region, with a share of around 57%, by value, in 2021. The per capita fish consumption is increasing rapidly due to the growing interest in the health benefits of seafood consumption, which has driven the industry's growth over the last five years.
  • However, Mexico is projected to record the highest CAGR value of 2.17% during the forecast period, primarily driven by processed shrimp and other seafood. Due to the increasing demand for other seafood products like lobsters and crabs, the other seafood segment's consumption increased by 21% in kg/capita from 2019 to 2021. 
  • Government support through initiatives, such as the Canada-United States-Mexico Agreement (CUSMA) (which went into effect on July 1, 2020), also boosted the seafood market's growth by 5.6% in 2021 compared to 2020.
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North America Seafood Market Competitor Analysis

The North America Seafood Market is fragmented, with the top five companies occupying 11.78%. The major players in this market are Admiralty Island Fisheries Inc., Mowi ASA, Pacific American Fish Company Inc., Sysco Corporation and Thai Union Group PCL (sorted alphabetically).

North America Seafood Market Top Players

  1. Admiralty Island Fisheries Inc.

  2. Mowi ASA

  3. Pacific American Fish Company Inc.

  4. Sysco Corporation

  5. Thai Union Group PCL

*Disclaimer: Major Players sorted in no particular order

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North America Seafood Market Recent Developments

  • June 2022: High Liner Foods Inc. reinvested in its Newport facility, modernizing it to meet the increased demand for the company’s high-quality seafood.
  • March 2022: Beaver Street Fisheries completed its renovation in Jacksonville for the packaging facility. This move may help the company improve its storage facilities.
  • March 2022: Thai Union Group formed a partnership with the Sustainable Fisheries Partnership (SFP) to promote supply chain transparency and examine wider ecological consequences. The partnership with SFP is dedicated to creating a responsible seafood business to ensure healthy marine and aquatic environments and a secure seafood supply.

North America Seafood Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. INTRODUCTION

    1. 2.1. Study Assumptions & Market Definition

    2. 2.2. Scope of the Study​

    3. 2.3. Research Methodology

  3. 3. KEY INDUSTRY TRENDS

    1. 3.1. Price Trends

    2. 3.2. Production Trends

    3. 3.3. Regulatory Framework

    4. 3.4. Value Chain & Distribution Channel Analysis

  4. 4. MARKET SEGMENTATION

    1. 4.1. Type

      1. 4.1.1. Fish

      2. 4.1.2. Shrimp

      3. 4.1.3. Other Seafood

    2. 4.2. Form

      1. 4.2.1. Fresh / Chilled

      2. 4.2.2. Frozen / Canned

      3. 4.2.3. Processed

    3. 4.3. Distribution Channel

      1. 4.3.1. Off-Trade

        1. 4.3.1.1. Convenience Stores

        2. 4.3.1.2. Online Channel

        3. 4.3.1.3. Supermarkets And Hypermarkets

        4. 4.3.1.4. Others

      2. 4.3.2. On-Trade

    4. 4.4. Country

      1. 4.4.1. Canada

      2. 4.4.2. Mexico

      3. 4.4.3. United States

      4. 4.4.4. Rest Of North America

  5. 5. COMPETITIVE LANDSCAPE

    1. 5.1. Key Strategic Moves

    2. 5.2. Market Share Analysis

    3. 5.3. Company Landscape

    4. 5.4. Company Profiles

      1. 5.4.1. Admiralty Island Fisheries Inc.

      2. 5.4.2. Beaver Street Fisheries

      3. 5.4.3. Cooke Aquaculture

      4. 5.4.4. Dulcich Inc.

      5. 5.4.5. FCF Co., Ltd.

      6. 5.4.6. Gulf Shrimp Co. LLC

      7. 5.4.7. High Liner Foods Inc.

      8. 5.4.8. Mowi ASA

      9. 5.4.9. NaturalShrimp Inc.

      10. 5.4.10. Pacific American Fish Company Inc.

      11. 5.4.11. Sysco Corporation

      12. 5.4.12. Thai Union Group PCL

  6. 6. KEY STRATEGIC QUESTIONS FOR SEAFOOD INDUSTRY CEOS

  7. 7. APPENDIX

    1. 7.1. Global Overview

      1. 7.1.1. Overview

      2. 7.1.2. Porter’s Five Forces Framework

      3. 7.1.3. Global Value Chain Analysis

      4. 7.1.4. Market Dynamics (DROs)

    2. 7.2. Sources & References

    3. 7.3. List of Tables & Figures

    4. 7.4. Primary Insights

    5. 7.5. Data Pack

    6. 7.6. Glossary of Terms

List of Tables & Figures

    Figure 1:  

    NORTH AMERICA SEAFOOD MARKET, FISH, PRICE IN USD/METRIC TONNES, 2016 - 2022

    Figure 2:  

    NORTH AMERICA SEAFOOD MARKET, SHRIMP, PRICE IN USD/METRIC TONNES, 2016 - 2022

    Figure 3:  

    NORTH AMERICA SEAFOOD MARKET, FISH, PRODUCTION IN METRIC TONNES, 2016 - 2028

    Figure 4:  

    NORTH AMERICA SEAFOOD MARKET, SHRIMP, PRODUCTION IN METRIC TONNES, 2016 - 2028

    Figure 5:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME, METRIC TONNES, 2016 - 2028

    Figure 6:  

    NORTH AMERICA SEAFOOD MARKET, VALUE, USD, 2016 - 2028

    Figure 7:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME IN METRIC TONNES, BY TYPE, 2016 - 2028

    Figure 8:  

    NORTH AMERICA SEAFOOD MARKET, VALUE IN USD, BY TYPE, 2016 - 2028

    Figure 9:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME SHARE (%), BY TYPE, 2016 VS 2022 VS 2028

    Figure 10:  

    NORTH AMERICA SEAFOOD MARKET, VALUE SHARE (%), BY TYPE, 2016 VS 2022 VS 2028

    Figure 11:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME IN METRIC TONNES, FISH, 2016 - 2028

    Figure 12:  

    NORTH AMERICA SEAFOOD MARKET, VALUE IN USD, FISH, 2016 - 2028

    Figure 13:  

    NORTH AMERICA SEAFOOD MARKET, FISH, VALUE SHARE (%), BY FORM, 2021 VS 2028

    Figure 14:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME IN METRIC TONNES, SHRIMP, 2016 - 2028

    Figure 15:  

    NORTH AMERICA SEAFOOD MARKET, VALUE IN USD, SHRIMP, 2016 - 2028

    Figure 16:  

    NORTH AMERICA SEAFOOD MARKET, SHRIMP, VALUE SHARE (%), BY FORM, 2021 VS 2028

    Figure 17:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME IN METRIC TONNES, OTHER SEAFOOD, 2016 - 2028

    Figure 18:  

    NORTH AMERICA SEAFOOD MARKET, VALUE IN USD, OTHER SEAFOOD, 2016 - 2028

    Figure 19:  

    NORTH AMERICA SEAFOOD MARKET, OTHER SEAFOOD, VALUE SHARE (%), BY FORM, 2021 VS 2028

    Figure 20:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME IN METRIC TONNES, BY FORM, 2016 - 2028

    Figure 21:  

    NORTH AMERICA SEAFOOD MARKET, VALUE IN USD, BY FORM, 2016 - 2028

    Figure 22:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME SHARE (%), BY FORM, 2016 VS 2022 VS 2028

    Figure 23:  

    NORTH AMERICA SEAFOOD MARKET, VALUE SHARE (%), BY FORM, 2016 VS 2022 VS 2028

    Figure 24:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME IN METRIC TONNES, FRESH / CHILLED, 2016 - 2028

    Figure 25:  

    NORTH AMERICA SEAFOOD MARKET, VALUE IN USD, FRESH / CHILLED, 2016 - 2028

    Figure 26:  

    NORTH AMERICA SEAFOOD MARKET, FRESH / CHILLED, VALUE SHARE (%), BY TYPE, 2021 VS 2028

    Figure 27:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME IN METRIC TONNES, FROZEN / CANNED, 2016 - 2028

    Figure 28:  

    NORTH AMERICA SEAFOOD MARKET, VALUE IN USD, FROZEN / CANNED, 2016 - 2028

    Figure 29:  

    NORTH AMERICA SEAFOOD MARKET, FROZEN / CANNED, VALUE SHARE (%), BY TYPE, 2021 VS 2028

    Figure 30:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME IN METRIC TONNES, PROCESSED, 2016 - 2028

    Figure 31:  

    NORTH AMERICA SEAFOOD MARKET, VALUE IN USD, PROCESSED, 2016 - 2028

    Figure 32:  

    NORTH AMERICA SEAFOOD MARKET, PROCESSED, VALUE SHARE (%), BY TYPE, 2021 VS 2028

    Figure 33:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME IN METRIC TONNES, BY DISTRIBUTION CHANNEL, 2016 - 2028

    Figure 34:  

    NORTH AMERICA SEAFOOD MARKET, VALUE IN USD, BY DISTRIBUTION CHANNEL, 2016 - 2028

    Figure 35:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME SHARE (%), BY DISTRIBUTION CHANNEL, 2016 VS 2022 VS 2028

    Figure 36:  

    NORTH AMERICA SEAFOOD MARKET, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2016 VS 2022 VS 2028

    Figure 37:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME IN METRIC TONNES, BY OFF-TRADE, 2016 - 2028

    Figure 38:  

    NORTH AMERICA SEAFOOD MARKET, VALUE IN USD, BY OFF-TRADE, 2016 - 2028

    Figure 39:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME SHARE (%), BY OFF-TRADE, 2016 VS 2022 VS 2028

    Figure 40:  

    NORTH AMERICA SEAFOOD MARKET, VALUE SHARE (%), BY OFF-TRADE, 2016 VS 2022 VS 2028

    Figure 41:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME IN METRIC TONNES, CONVENIENCE STORES, 2016 - 2028

    Figure 42:  

    NORTH AMERICA SEAFOOD MARKET, VALUE IN USD, CONVENIENCE STORES, 2016 - 2028

    Figure 43:  

    NORTH AMERICA SEAFOOD MARKET, CONVENIENCE STORES, VALUE SHARE (%), BY TYPE, 2021 VS 2028

    Figure 44:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME IN METRIC TONNES, ONLINE CHANNEL, 2016 - 2028

    Figure 45:  

    NORTH AMERICA SEAFOOD MARKET, VALUE IN USD, ONLINE CHANNEL, 2016 - 2028

    Figure 46:  

    NORTH AMERICA SEAFOOD MARKET, ONLINE CHANNEL, VALUE SHARE (%), BY TYPE, 2021 VS 2028

    Figure 47:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME IN METRIC TONNES, SUPERMARKETS AND HYPERMARKETS, 2016 - 2028

    Figure 48:  

    NORTH AMERICA SEAFOOD MARKET, VALUE IN USD, SUPERMARKETS AND HYPERMARKETS, 2016 - 2028

    Figure 49:  

    NORTH AMERICA SEAFOOD MARKET, SUPERMARKETS AND HYPERMARKETS, VALUE SHARE (%), BY TYPE, 2021 VS 2028

    Figure 50:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME IN METRIC TONNES, OTHERS, 2016 - 2028

    Figure 51:  

    NORTH AMERICA SEAFOOD MARKET, VALUE IN USD, OTHERS, 2016 - 2028

    Figure 52:  

    NORTH AMERICA SEAFOOD MARKET, OTHERS, VALUE SHARE (%), BY TYPE, 2021 VS 2028

    Figure 53:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME IN METRIC TONNES, ON-TRADE, 2016 - 2028

    Figure 54:  

    NORTH AMERICA SEAFOOD MARKET, VALUE IN USD, ON-TRADE, 2016 - 2028

    Figure 55:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME IN METRIC TONNES, BY COUNTRY, 2016 - 2028

    Figure 56:  

    NORTH AMERICA SEAFOOD MARKET, VALUE IN USD, BY COUNTRY, 2016 - 2028

    Figure 57:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME SHARE (%), BY COUNTRY, 2016 VS 2022 VS 2028

    Figure 58:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME SHARE (%), BY COUNTRY, 2016 VS 2022 VS 2028

    Figure 59:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME IN METRIC TONNES, CANADA, 2016 - 2028

    Figure 60:  

    NORTH AMERICA SEAFOOD MARKET, VALUE IN USD, CANADA, 2016 - 2028

    Figure 61:  

    NORTH AMERICA SEAFOOD MARKET, CANADA, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 62:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME IN METRIC TONNES, MEXICO, 2016 - 2028

    Figure 63:  

    NORTH AMERICA SEAFOOD MARKET, VALUE IN USD, MEXICO, 2016 - 2028

    Figure 64:  

    NORTH AMERICA SEAFOOD MARKET, MEXICO, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 65:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME IN METRIC TONNES, UNITED STATES, 2016 - 2028

    Figure 66:  

    NORTH AMERICA SEAFOOD MARKET, VALUE IN USD, UNITED STATES, 2016 - 2028

    Figure 67:  

    NORTH AMERICA SEAFOOD MARKET, UNITED STATES, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 68:  

    NORTH AMERICA SEAFOOD MARKET, VOLUME IN METRIC TONNES, REST OF NORTH AMERICA, 2016 - 2028

    Figure 69:  

    NORTH AMERICA SEAFOOD MARKET, VALUE IN USD, REST OF NORTH AMERICA, 2016 - 2028

    Figure 70:  

    NORTH AMERICA SEAFOOD MARKET, REST OF NORTH AMERICA, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 71:  

    NORTH AMERICA SEAFOOD MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2022

    Figure 72:  

    NORTH AMERICA SEAFOOD MARKET, TOTAL NUMBER OF STRATEGIC MOVES, 2017 - 2022

    Figure 73:  

    NORTH AMERICA SEAFOOD MARKET SHARE(%), BY KEY PLAYERS, 2021

Market Definition

  • Frozen / Canned Seafood - Frozen seafood are products whose average temperature is reduced to -18 ° C or lower to preserve the inherent quality of the fresh fish. Then it is kept at a temperature of -18 ° C or lower to maintain its shelf life.​
  • Processed Seafood - Processed seafood are the ones that have been cured, salted, marinated, dried, pickled, fermented or smoked for human consumption. ​
  • Seafood - It contains marine species that can be consumed, particularly fish and shelled marine life.​
  • Shrimp - Shrimp are swimming crustaceans. They have long, slender muscles in their abdomens and lengthy antennae.​

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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.​
  • Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.​
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.​
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

For any queries related to research methodology, click here to schedule a call with our analysts.

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North America Seafood Market Research FAQs

The North America Seafood Market is studied from 2016 - 2028.

The North America Seafood Market is growing at a CAGR of 1.07% over the next 5 years.

Fish is growing at the highest CAGR over 2016 - 2028.

United States holds highest share in 2021.

Admiralty Island Fisheries Inc., Mowi ASA, Pacific American Fish Company Inc., Sysco Corporation, Thai Union Group PCL are the major companies operating in North America Seafood Market.

North America Seafood Industry Reports

In-depth industry statistics and market share insights of the North America Seafood sector for 2020, 2021, and 2022. The North America Seafood research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the North America Seafood report PDF.