North America Frozen Seafood Market 2020: Size, Share, Growth, Trends, Opportunities and Forecast – IMARC Group
The North America frozen seafood market size reached a value of US$ 13.3 Billion in 2019. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.
Seafood products include farm-based freshwater and marine aquatic animals that are a good source of proteins, vitamins, minerals and omega-3 fatty acids. As these products are highly perishable, they are frozen to inhibit bacterial growth and maintain the nutritional value. Frozen seafood provides several health benefits, such as promoting heart health and easing the symptoms of arthritis. Consequently, it is widely consumed in the North American region.
North America Frozen Seafood Market Trends:
Changing lifestyles, in confluence with the increasing health consciousness among individuals, are escalating the demand for frozen seafood products over canned seafood in the North American region. Apart from this, the rising demand for the premium and organic seafood variants that contain high nutrition content, along with investments in the research and development (R&D) activities to prolong the life and freshness of the products, is driving the market further. At present, due to the sudden spread of the coronavirus disease (COVID-19), there is an increase in the sales of frozen seafood products as they can be stored for a longer time. This is creating a positive outlook for the market in the region. Other factors, such as technological advancements in the production process and easy product availability through online retail channels, are driving the market further in North America.
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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Key Market Segmentation:
Market Breakup by Region
1. United States
Market Breakup by Type
Market Breakup by Distribution Channel
1. Supermarkets and Hypermarkets
2. Speciality Retailers
3. Convenience Stores
Market Breakup by End-Use
Some of the major players operating in the industry include:
1. Leroy Seafood (FRA:Z1L)
2. High Liner Foods (OTCMKTS:HLNFF)
3. Marine Harvest (OTCMKTS:MHGVY)
4. Iglo Group
5. Austevoll Seafood (OTCMKTS:ASTVF)
6. Fishery Products International
View Report TOC, Figures and Tables: https://www.imarcgroup.com/north-america-frozen-seafood-market
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