North America Seafood Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The North America Seafood Market is segmented by Type (Fish, Shrimp), by Form (Canned, Fresh / Chilled, Frozen, Processed), by Distribution Channel (Off-Trade, On-Trade) and by Country (Canada, Mexico, United States). Market value in USD and market volume in tonnes are presented. Key data points observed include production and price.

North America Seafood Market Size

Single User License
Team License
Corporate License
Book before:
View Global Report
North America Seafood Market Summary
share button
Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 35.22 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 37.59 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Type Fish
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 1.31 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country United States

Major Players

major-player-company-image

*Disclaimer: Major Players sorted in alphabetical order.

Key Players

WHY BUY FROM US?

1. CRISP & INSIGHTFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE

Single User License

OFF

Team License

OFF

Corporate License

OFF
Book before:

North America Seafood Market Analysis

The North America Seafood Market size is estimated at 35.22 billion USD in 2024, and is expected to reach 37.59 billion USD by 2029, growing at a CAGR of 1.31% during the forecast period (2024-2029).

share button

35.22 Billion

Market Size in 2024 (USD)

37.59 Billion

Market Size in 2029 (USD)

4.43 %

CAGR (2017-2023)

1.31 %

CAGR (2024-2029)

Largest Segment by Type

62.30 %

value share, Fish , 2023

Icon image

Fish remains the major seafood type consumed in the region owing to its wide availability and comparatively cheaper prices.

Largest Segment by Country

69.18 %

value share, United States , 2023

Icon image

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

1.33 %

Projected CAGR, Shrimp , 2024-2029

Icon image

The rising popularity of health benefits of fish is the major factor impacting the growth of the segment in the forecast period.

Fastest-growing Segment by Country

1.67 %

Projected CAGR, Canada , 2024-2029

Icon image

The seafood segment, including crabs and lobsters, is primarily driving the Canadian market. The growing online seafood distribution may further drive the market.

Leading Market Player

7.17 %

market share, Sysco Corporation , 2022

Icon image

Sysco Corporation offers a wide selection of seafood species to the retail and food service sectors. These products are available in fresh, frozen, and prepared forms.

Improving freezing technologies are boosting sales in the region

  • The overall North American seafood market is expected to register a CAGR value of 0.77% during the forecast period. People spent over USD 180-200 on seafood in the United States as of 2021. The US President signed an executive order to promote 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.
  • In North America, shrimp is the fastest-growing segment in the seafood market, with a projected CAGR value of 1.33% during the forecast period. The shrimp sector is gaining traction as shrimp are being widely used in dietary supplements to overcome the lack of protein intake among consumers. The major shrimp-producing brands are SeaPak, Wild Gulf Shrimp, and Sam's Choice.
  • 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, and the prices of fish increased. The United States witnessed a price of 2.4 per kg in 2022 from 19.3 per kg in 2017. 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. Thus, there will also be growth in the importance of organizations that support sustainable fishing, such as the Global Seafood Alliance, the Global Sustainable Seafood Initiative, and the Sustainable Fisheries Partnership.
North America Seafood Market

Sustainability is highly implemented and promoted, significantly driving the market

  • The seafood market in the region observed a steady growth during the study period. The market grew by 27.37% in value from 2017 to 2022. The consumption is increasing in the region due to the growing interest in the health benefits of seafood consumption, which is boosted by various awareness campaigns such as 'Eat Seafood America.' Similarly, NOAA (NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION) offers the public with simple, scientifically based information to aid in making informed, sustainable seafood decisions. FishWatch, an online platform by NOAA, provides constantly updated information on how seafood in the United States is gathered in accordance with laws that maintain a healthy environment and ensure growing fish populations.
  • The United States accounted for the major share of the North American seafood market and recorded a Y-o-Y growth rate of 2.16% by value from 2021 to 2022. The on-trade sales of seafood in the country are growing with the growing foodservice industry and the increasing number of seafood dishes on the menu. Sushi, shrimp tempura, and crab rangoon are among the 15 dishes that diners most want to order when eating away from home in the United States.
  • Canada is projected to record the highest CAGR value of 1.68% during the forecast period (2023-2029), primarily driven by processed shrimp. The market has seen a growth in demand for label-friendly products like sustainable seafood and locally produced seafood. Manufacturers and regulatory agencies are taking steps to guarantee that when customers shop for seafood at the market, they may be confident that it has been sustainably fished or farmed if the species is harvested in the region.

North America Seafood Market Trends

Rising demand and advancements in technologies are helping production growth

  • The US is the leading fish producer in North America, followed by Mexico. Salmon is the most produced in the region. However, advances in technology, aquaculture feeds, and management techniques are making more species available. Marine aquaculture accounts for 7% of total domestic seafood production by weight. However, the focus on high-value products has resulted in growth in aquaculture, contributing 24% of the value of domestic seafood products.
  • In Canada, the production value grew from USD 234 million to USD 1.3 billion, while the production volume grew from roughly 50,000 tons to 191,000 tons from 1991 to 2021. Industry production is primarily represented by finfish, which accounted for 78% of total volume and 91% by value in 2021. The majority of finfish production, by both volume and value, is salmon. In 2021, salmon production alone accounted for 63% of the total volume and 74% of total value. British Columbia remains the largest producer of salmon, accounting for 50% of total volume and 55% of total value in 2021. British Columbia is followed by New Brunswick (16% of volume and 19% of value), Prince-Edward-Island (13% of volume and 4% of value), and Newfoundland and Labrador (10% of volume and 11% of value).
  • Mexico has enormous potential in the fisheries sector, as it has 11,592 km of coastline, of which 76% is on the Pacific coast, and 24% is in the Gulf of Mexico and the Caribbean coast and islands. Its continental shelf is approximately 394 000 km², being larger in the Gulf of Mexico. It also has 12 500 km² of coastal lagoons and estuaries and 6 500 km² of inland waters such as lakes, lagoons, reservoirs, and rivers. The tuna fisheries in the Pacific are significant, with around 150,000 tons per year. Yellowfin is the main species in the tuna family.
North America Seafood Market

Supply shortage and economic instability are impacting the prices in Canada and Mexico

  • The average fish prices in the region grew by 0.96% in 2022 compared to the previous year. In the United States, the price of seafood was the highest, accounting for around USD 2443/ton in 2022. Average seafood prices generally increased over the study period; however, the rate showed a decreasing trend in the years before the pandemic. For fish products sold with weight information, prices increased by more than 2.2% in 2021 and another 5% in 2022. For products sold without weight information, the trend in prices and percentage changes in price was similar, but with lower average prices and a wider range of growth rate values. Tuna and catfish saw the highest growth in price from 2016 to 2021. In the United States, catfish saw a growth of 21% in prices, costing around USD 12.38/kg, while tuna experienced 18% price growth in the same period with a retail price of USD 13/kg.
  • In Canada, fish prices increased by 14.63% from 2017 to 2022. Due to overfishing and bycatch, the supply of fish fell, and fish prices increased. Canada produces some of the most popular seafood globally, and a majority of fish is exported. Fish prices in Canada increased due to supply shortages due to the increasing demand from international trade.
  • According to the OECD-FAO Agricultural Outlook, average nominal fish prices will increase over 2022-2031, starting from a high level in 2022, reflecting a strong price recovery in 2022 from COVID-driven declines in 2020 and 2021. In late 2021 and early 2022, fish prices started to increase, with a negative impact on consumption due to an unstable economic and geopolitical situation in the region.
North America Seafood Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Growing demand and rising production costs are leading to price hikes
  • Innovations in methods and initiatives from government bodies are boosting the production

North America Seafood Industry Overview

The North America Seafood Market is fragmented, with the top five companies occupying 13.85%. The major players in this market are Mowi ASA, NH Foods Ltd, Sysco Corporation, Thai Union Group PCL and The Kraft Heinz Company (sorted alphabetically).

North America Seafood Market Leaders

  1. Mowi ASA

  2. NH Foods Ltd

  3. Sysco Corporation

  4. Thai Union Group PCL

  5. The Kraft Heinz Company

North America Seafood Market Concentration

Other important companies include Beaver Street Fisheries, Cooke Inc., Dulcich Inc., FCF Co. Ltd, Gulf Shrimp Co. LLC, High Liner Foods Inc., NaturalShrimp Inc., Pacific American Fish Company Inc..

*Disclaimer: Major Players sorted in alphabetical order.

bookmark Need More Details on Market Players and Competitors?
Download PDF

North America Seafood Market News

  • November 2022: Beaver Street Fisheries has announced the launch a range of products under its flagship brand Sea Best Seafood Festival line.
  • 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.

Free with this Report

We offer a comprehensive and exhaustive set of data pointers. These cover global, regional, and country-level metrics that illustrate the fundamentals of the meat and meat substitutes industry. Clients can access in-depth market analysis through 45+ free charts. This analysis is based on the production of various meat and seafood types, as well as the prices of meat, meat substitutes, and different seafood types. We provide granular-level segmental information, supported by a repository of market data, trends, and expert analysis. Data and analysis on meat types, seafood types, meat substitute types, forms, distribution channels, and more are available. These are provided in the form of comprehensive reports as well as Excel-based data worksheets.

North America Seafood Market
North America Seafood Market
North America Seafood Market
North America Seafood Market

North America Seafood Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  3. 2. KEY INDUSTRY TRENDS

    1. 2.1. Price Trends

      1. 2.1.1. Fish

      2. 2.1.2. Shrimp

    2. 2.2. Production Trends

      1. 2.2.1. Fish

      2. 2.2.2. Shrimp

    3. 2.3. Regulatory Framework

      1. 2.3.1. Canada

      2. 2.3.2. Mexico

      3. 2.3.3. United States

    4. 2.4. Value Chain & Distribution Channel Analysis

  4. 3. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. Type

      1. 3.1.1. Fish

      2. 3.1.2. Shrimp

      3. 3.1.3. Other Seafood

    2. 3.2. Form

      1. 3.2.1. Canned

      2. 3.2.2. Fresh / Chilled

      3. 3.2.3. Frozen

      4. 3.2.4. Processed

    3. 3.3. Distribution Channel

      1. 3.3.1. Off-Trade

        1. 3.3.1.1. Convenience Stores

        2. 3.3.1.2. Online Channel

        3. 3.3.1.3. Supermarkets and Hypermarkets

        4. 3.3.1.4. Others

      2. 3.3.2. On-Trade

    4. 3.4. Country

      1. 3.4.1. Canada

      2. 3.4.2. Mexico

      3. 3.4.3. United States

      4. 3.4.4. Rest of North America

  5. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)

      1. 4.4.1. Beaver Street Fisheries

      2. 4.4.2. Cooke Inc.

      3. 4.4.3. Dulcich Inc.

      4. 4.4.4. FCF Co. Ltd

      5. 4.4.5. Gulf Shrimp Co. LLC

      6. 4.4.6. High Liner Foods Inc.

      7. 4.4.7. Mowi ASA

      8. 4.4.8. NaturalShrimp Inc.

      9. 4.4.9. NH Foods Ltd

      10. 4.4.10. Pacific American Fish Company Inc.

      11. 4.4.11. Sysco Corporation

      12. 4.4.12. Thai Union Group PCL

      13. 4.4.13. The Kraft Heinz Company

  6. 5. KEY STRATEGIC QUESTIONS FOR SEAFOOD INDUSTRY CEOS

  7. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. FISH PRICE PER METRIC TON, USD, NORTH AMERICA, 2017 - 2023
  1. Figure 2:  
  2. SHRIMP PRICE PER METRIC TON, USD, NORTH AMERICA, 2017 - 2023
  1. Figure 3:  
  2. FISH PRODUCTION, METRIC TON, NORTH AMERICA, 2017 - 2029
  1. Figure 4:  
  2. SHRIMP PRODUCTION, METRIC TON, NORTH AMERICA, 2017 - 2029
  1. Figure 5:  
  2. VOLUME OF SEAFOOD MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 6:  
  2. VALUE OF SEAFOOD MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 7:  
  2. VOLUME OF SEAFOOD MARKET BY TYPE, METRIC TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 8:  
  2. VALUE OF SEAFOOD MARKET BY TYPE, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 9:  
  2. VOLUME SHARE OF SEAFOOD MARKET SPLIT BY TYPE, %, NORTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 10:  
  2. VALUE SHARE OF SEAFOOD MARKET SPLIT BY TYPE, %, NORTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 11:  
  2. VOLUME OF FISH MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 12:  
  2. VALUE OF FISH MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 13:  
  2. VALUE SHARE OF FISH SEAFOOD MARKET SPLIT BY FORM, %, NORTH AMERICA, 2022 VS 2029
  1. Figure 14:  
  2. VOLUME OF SHRIMP MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 15:  
  2. VALUE OF SHRIMP MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 16:  
  2. VALUE SHARE OF SHRIMP SEAFOOD MARKET SPLIT BY FORM, %, NORTH AMERICA, 2022 VS 2029
  1. Figure 17:  
  2. VOLUME OF OTHER SEAFOOD MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 18:  
  2. VALUE OF OTHER SEAFOOD MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 19:  
  2. VALUE SHARE OF OTHER SEAFOOD SEAFOOD MARKET SPLIT BY FORM, %, NORTH AMERICA, 2022 VS 2029
  1. Figure 20:  
  2. VOLUME OF SEAFOOD MARKET BY FORM, METRIC TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 21:  
  2. VALUE OF SEAFOOD MARKET BY FORM, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 22:  
  2. VOLUME SHARE OF SEAFOOD MARKET SPLIT BY FORM, %, NORTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 23:  
  2. VALUE SHARE OF SEAFOOD MARKET SPLIT BY FORM, %, NORTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 24:  
  2. VOLUME OF CANNED SEAFOOD MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 25:  
  2. VALUE OF CANNED SEAFOOD MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 26:  
  2. VALUE SHARE OF CANNED SEAFOOD MARKET SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
  1. Figure 27:  
  2. VOLUME OF FRESH / CHILLED SEAFOOD MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 28:  
  2. VALUE OF FRESH / CHILLED SEAFOOD MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 29:  
  2. VALUE SHARE OF FRESH / CHILLED SEAFOOD MARKET SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
  1. Figure 30:  
  2. VOLUME OF FROZEN SEAFOOD MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 31:  
  2. VALUE OF FROZEN SEAFOOD MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 32:  
  2. VALUE SHARE OF FROZEN SEAFOOD MARKET SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
  1. Figure 33:  
  2. VOLUME OF PROCESSED SEAFOOD MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 34:  
  2. VALUE OF PROCESSED SEAFOOD MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 35:  
  2. VALUE SHARE OF PROCESSED SEAFOOD MARKET SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
  1. Figure 36:  
  2. VOLUME OF SEAFOOD MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 37:  
  2. VALUE OF SEAFOOD MARKET BY DISTRIBUTION CHANNEL, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 38:  
  2. VOLUME SHARE OF SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 39:  
  2. VALUE SHARE OF SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 40:  
  2. VOLUME OF SEAFOOD MARKET SOLD VIA OFF-TRADE, METRIC TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 41:  
  2. VALUE OF SEAFOOD MARKET SOLD VIA OFF-TRADE, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 42:  
  2. VOLUME OF SEAFOOD MARKET SOLD VIA OFF-TRADE CHANNELS, %, NORTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 43:  
  2. VALUE OF SEAFOOD MARKET SOLD VIA OFF-TRADE CHANNELS, %, NORTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 44:  
  2. VOLUME OF SEAFOOD MARKET SOLD VIA CONVENIENCE STORES, METRIC TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 45:  
  2. VALUE OF SEAFOOD MARKET SOLD VIA CONVENIENCE STORES, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 46:  
  2. VALUE SHARE OF SEAFOOD MARKET SOLD VIA CONVENIENCE STORES SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
  1. Figure 47:  
  2. VOLUME OF SEAFOOD MARKET SOLD VIA ONLINE CHANNEL, METRIC TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 48:  
  2. VALUE OF SEAFOOD MARKET SOLD VIA ONLINE CHANNEL, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 49:  
  2. VALUE SHARE OF SEAFOOD MARKET SOLD VIA ONLINE CHANNEL SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
  1. Figure 50:  
  2. VOLUME OF SEAFOOD MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 51:  
  2. VALUE OF SEAFOOD MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 52:  
  2. VALUE SHARE OF SEAFOOD MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
  1. Figure 53:  
  2. VOLUME OF SEAFOOD MARKET SOLD VIA OTHERS, METRIC TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 54:  
  2. VALUE OF SEAFOOD MARKET SOLD VIA OTHERS, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 55:  
  2. VALUE SHARE OF SEAFOOD MARKET SOLD VIA OTHERS SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
  1. Figure 56:  
  2. VOLUME OF SEAFOOD MARKET SOLD VIA ON-TRADE, METRIC TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 57:  
  2. VALUE OF SEAFOOD MARKET SOLD VIA ON-TRADE, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 58:  
  2. VOLUME OF SEAFOOD MARKET BY COUNTRY, METRIC TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 59:  
  2. VALUE OF SEAFOOD MARKET BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 60:  
  2. VOLUME SHARE OF SEAFOOD MARKET SPLIT BY COUNTRY, %, NORTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 61:  
  2. VALUE SHARE OF SEAFOOD MARKET SPLIT BY COUNTRY, %, NORTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 62:  
  2. VOLUME OF SEAFOOD MARKET, METRIC TONS, CANADA, 2017 - 2029
  1. Figure 63:  
  2. VALUE OF SEAFOOD MARKET, USD, CANADA, 2017 - 2029
  1. Figure 64:  
  2. VALUE SHARE OF SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, CANADA, 2022 VS 2029
  1. Figure 65:  
  2. VOLUME OF SEAFOOD MARKET, METRIC TONS, MEXICO, 2017 - 2029
  1. Figure 66:  
  2. VALUE OF SEAFOOD MARKET, USD, MEXICO, 2017 - 2029
  1. Figure 67:  
  2. VALUE SHARE OF SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, MEXICO, 2022 VS 2029
  1. Figure 68:  
  2. VOLUME OF SEAFOOD MARKET, METRIC TONS, UNITED STATES, 2017 - 2029
  1. Figure 69:  
  2. VALUE OF SEAFOOD MARKET, USD, UNITED STATES, 2017 - 2029
  1. Figure 70:  
  2. VALUE SHARE OF SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, UNITED STATES, 2022 VS 2029
  1. Figure 71:  
  2. VOLUME OF SEAFOOD MARKET, METRIC TONS, REST OF NORTH AMERICA, 2017 - 2029
  1. Figure 72:  
  2. VALUE OF SEAFOOD MARKET, USD, REST OF NORTH AMERICA, 2017 - 2029
  1. Figure 73:  
  2. VALUE SHARE OF SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF NORTH AMERICA, 2022 VS 2029
  1. Figure 74:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, NORTH AMERICA, 2020 - 2023
  1. Figure 75:  
  2. MOST ADOPTED STRATEGIES, COUNT, NORTH AMERICA, 2020 - 2023
  1. Figure 76:  
  2. VALUE SHARE OF MAJOR PLAYERS, %, NORTH AMERICA, 2022

North America Seafood Industry Segmentation

Fish, Shrimp are covered as segments by Type. Canned, Fresh / Chilled, Frozen, 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.

  • The overall North American seafood market is expected to register a CAGR value of 0.77% during the forecast period. People spent over USD 180-200 on seafood in the United States as of 2021. The US President signed an executive order to promote 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.
  • In North America, shrimp is the fastest-growing segment in the seafood market, with a projected CAGR value of 1.33% during the forecast period. The shrimp sector is gaining traction as shrimp are being widely used in dietary supplements to overcome the lack of protein intake among consumers. The major shrimp-producing brands are SeaPak, Wild Gulf Shrimp, and Sam's Choice.
  • 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, and the prices of fish increased. The United States witnessed a price of 2.4 per kg in 2022 from 19.3 per kg in 2017. 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. Thus, there will also be growth in the importance of organizations that support sustainable fishing, such as the Global Seafood Alliance, the Global Sustainable Seafood Initiative, and the Sustainable Fisheries Partnership.
Type
Fish
Shrimp
Other Seafood
Form
Canned
Fresh / Chilled
Frozen
Processed
Distribution Channel
Off-Trade
Convenience Stores
Online Channel
Supermarkets and Hypermarkets
Others
On-Trade
Country
Canada
Mexico
United States
Rest of North America
customize-icon Need A Different Region Or Segment?
Customize Now

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.​
Keyword Definition
A5 It is a Japanese grading system for beef. The 'A' means the carcass yield is the highest possible and the numeric rating relates to beef marbling, color and brightness of the flesh, its texture and color, luster, and fat quality. A5 is the highest mark wagyu beef can score.
Abbatoir It is another name for a slaughterhouse and refers to the premise used for or in connection with the slaughter of animals whose meat is intended for human consumption.
Acute Hepatopancreatic Necrosis Disease (AHPND) It is a disease that affects shrimp and is characterized by high mortalities, in many cases reaching 100% within 30-35 days of stocking grow-out ponds.
African Swine Fever (ASF) It is a highly contagious viral disease of pigs caused by a double-stranded DNA virus in the Asfarviridae family.
Albacore Tuna It is one of the smallest species of tuna found in the six distinct stocks known globally in the Atlantic, Pacific, and Indian oceans, as well as the Mediterranean Sea.
Angus beef It is beef derived from a specific breed of cattle indigenous to Scotland. It requires certification from the American Angus Association to receive the "Certified Angus Beef" quality mark
Bacon It is salted or smoked meat that comes from the back or sides of a pig
Black Angus It is beef derived from a black-hided breed of cows that don't have horns.
Bologna It is an Italian smoked sausage made of meat, typically large and made from pork, beef or veal.
Bovine spongiform encephalopathy (BSE) It is a progressive neurological disorder of cattle that results from infection by an unusual transmissible agent called a prion.
Bratwurst It refers to a type of German sausage made from pork, beef or veal.
BRC British Retail Consortium
Brisket It is a cut of meat from the breast or lower chest of beef or veal. The beef brisket is one of the nine beef primal cuts.
Broiler It refers to any chicken (Gallus domesticus) that is bred and raised specifically for meat production.
Bushel It is a unit of measurement for grains and pulses. 1 bushel = 27.216 kg
Carcass It refers to the dressed body of a meat animal from which butchers trim the meat
CFIA Canadian Food Inspection Agency
Chicken Tender It refers to chicken meat prepared from the pectoralis minor muscles of a chicken bird.
Chuck Steak It refers to a cut of beef that is part of the chuck primal, which is a large section of meat from the shoulder area of a cow
Corned Beef It refers to beef brisket cured in brine and boiled, typically served cold.
CWT Also known as a hundredweight, it is a unit of measurement used to define the quantity of meat. 1 CWT = 50.80 kg
Drumstick It refers to a chicken leg without the thigh.
EFSA European Food Safety Authority
ERS Economic Research Service of the USDA
Ewe It is an adult female sheep.
FDA Food and Drug Administration
Fillet Mignon It is a cut of meat taken from the smaller end of the tenderloin.
Flank Steak It is a cut of beef steak taken from the flank, which lies forward of the rear quarter of a cow.
Foodservice It refers to the part of the food industry which includes businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats.
Forage It refers to animal feed.
Foreshank It is the upper part of the foreleg of cattle
Franks Also known as frankfurter or Würstchen, it is a type of highly seasoned smoked sausage popular in Austria and Germany.
FSANZ Food Standards Australia New Zealand
FSIS Food Safety and Inspection Service
FSSAI Food Safety and Standards Authority of India
Gizzard It refers to an organ found in the digestive tract of birds. It is also called the mechanical stomach of a bird.
Gluten It is a family of proteins found in grains, including wheat, rye, spelt, and barley
Grain-fed beef It is beef derived from cattle that have been fed a diet supplemented with soy and corn and other additives. Grainfed cows can also be given antibiotics and growth hormones to fatten them up more quickly.
Grass-fed beef It is beef derived from cattle that have only been fed grass as feed.
Ham It refers to the pork meat taken from the leg of a pig.
HoReCa Hotels, Restaurants and Cafes
Jerky It is lean trimmed meat that has been cut into strips and dried (dehydrated) to prevent spoilage.
Kobe Beef It is Wagyu beef specifically from the Kuroge Washu breed of cows in Japan. To be classified as Kobe beef, the cow must have been born, raised, and slaughtered within the Hyōgo prefecture in the city of Kobe in Japan.
Liverwurst It is type of German sausage made from beef or pork liver.
Loin It refers to the sides between the lower ribs and pelvis, and the lower part of the back of a cow.
Mortadella It is a large Italian sausage or luncheon meat made of finely hashed or ground heat-cured pork, which incorporates at least 15% small cubes of pork fat.
Pastrami It refers to a highly seasoned smoked beef, typically served in thin slices.
Pepperoni It is an American variety of spicy salami made from cured meat.
Plate It refers to a forequarter cut from the belly of a cow, just below the rib cut.
Porcine reproductive and respiratory syndrome (PRRS) It is a disease occurring in swine causing late-term reproductive failure and severe pneumonia in neonatal pigs.
Primal cuts It refers to the major sections of the carcass.
Quorn It is a meat substitute product prepared using mycoprotein as an ingredient, in which the fungus culture is dried and mixed with egg albumen or potato protein, which acts as a binder, and then is adjusted in texture and pressed into various forms.
Ready-to-Cook (RTC) It refers to food products that include all of the ingredients, where some preparation or cooking is required through a process that is given on the package.
Ready-to-Eat (RTE) It refers to a food product prepared or cooked in advance, with no further cooking or preparation required before being eaten
Retort Packaging It is a process of aseptic packaging food in which food is filled into a pouch or metal can, sealed, and then heated to extremely high temperatures, rendering the product commercially sterile.
Round Steak It refers to a beef steak from the the rear leg of the cow.
Rump Steak It refers to a cut of beef derived from the division between the leg and the chine.
Salami It is a cured sausage consisting of fermented and air-dried meat.
Saturated fat It is a type of fat in which the fatty acid chains have all single bonds. It is generally considered unhealthy.
Sausage It is a meat product made of finely chopped and seasoned meat, which may be fresh, smoked, or pickled and which is then usually stuffed into a casing.
Scallop It is an edible shellfish that is a mollusk with a ribbed shell in two parts.
Seitan It is a plant-based meat substitute made out of wheat gluten.
Self-service kios It refers to a self-order point-of-sale (POS) system through which customers place and pay for their own orders at kiosks, enabling totally contactless and frictionless service.
Sirloin It is a cut of beef from the bottom and side parts of a cow's back.
Surimi It is a paste made from deboned fish
Tenderloin It refers to a cut of beef consisting of the entire tenderloin muscle of a cow
Tiger Shrimp It refers to a large shrimp variety from the Indian and Pacific oceans
Trans fat Also called trans-unsaturated fatty acids or trans fatty acids, it is a type of unsaturated fat that naturally occurs in small amounts in meat.
Vannamei shrimp It refers to tropical prawns and shrimp that are farmed in areas near the equator, generally along the coast in artificial ponds.
Wagyu Bee It is beef derived from any of four strains of a breed of black or red Japanese cattle that are valued for their highly marbled meat.
Zoosanitary It refers to the cleanliness of animals or animal product
bookmark Need More Details on Market Definition?
Ask a Question

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.
research-methodology
download-icon Get More Details On Research Methodology
Download PDF
close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

WHY BUY FROM US?
card-img
01. Crisp, insightful analysis
Our focus is NOT on word count. We present only the key trends impacting the market so you don’t waste time finding a needle in the haystack.
card-img
02. True Bottom-Up Approach
We study the industry, not just the market. Our bottom-up approach ensures we have a broad and deep understanding of the forces that shape the industry.
card-img
03. Exhaustive Data
Tracking a million data points on the meats and meat substitutes industry. Our constant market tracking covers over 1 million+ data points spanning 45 countries and over 150 companies just for the meats and meat substitutes industry.
card-img
04. Transparency
Know where your data comes from. Most market reports today hide the sources used behind the veil of a proprietary model. We proudly present them so you can trust our information.
card-img
05. Convenience
Tables belong in spreadsheets. Like you, we also believe that spreadsheets are better suited for data evaluation. We don't clutter our reports with data tables. We provide an excel document with each report that contains all the data used to analyze the market.

North America Seafood Market Research FAQs

The North America Seafood Market size is expected to reach USD 35.22 billion in 2024 and grow at a CAGR of 1.31% to reach USD 37.59 billion by 2029.

In 2024, the North America Seafood Market size is expected to reach USD 35.22 billion.

Mowi ASA, NH Foods Ltd, Sysco Corporation, Thai Union Group PCL and The Kraft Heinz Company are the major companies operating in the North America Seafood Market.

In the North America Seafood Market, the Fish segment accounts for the largest share by type.

In 2024, United States accounts for the largest share by country in the North America Seafood Market.

In 2023, the North America Seafood Market size was estimated at 35.22 billion. The report covers the North America Seafood Market historical market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. The report also forecasts the North America Seafood Market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023.

North American Seafoods Industry Report

Statistics for the 2023 North America Seafood market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Seafood analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

North America Seafood Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029