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.
Free Valuable Insights: The Frozen Fish Market is Predict to reach USD 44.2 Billion by 2030, at a CAGR of 7.1%
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.
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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