North America Frozen and Canned Seafood Market Size
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2029 |
|
Market Size (2024) | USD 25.41 Billion |
|
|
Market Size (2029) | USD 27.23 Billion |
|
Largest Share by Type | Fish |
|
|
CAGR (2024 - 2029) | 1.39 % |
|
Largest Share by Country | United States |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
North America Frozen and Canned Seafood Market Analysis
The North America Frozen and Canned Seafood Market size is estimated at 25.41 billion USD in 2024, and is expected to reach 27.23 billion USD by 2029, growing at a CAGR of 1.39% during the forecast period (2024-2029).
25.41 Billion
Market Size in 2024 (USD)
27.23 Billion
Market Size in 2029 (USD)
4.60 %
CAGR (2017-2023)
1.39 %
CAGR (2024-2029)
Largest Segment by Country
72.17 %
value share, United States, 2023
Close to 75% of the consumption is in the US. Frozen seafood is very popular in the age group between 18 and 37 years, primarily ready-to-eat and ready-to-cook products.
Largest Segment by Type
64.71 %
value share, Fish, 2023
The introduction of processed fish products in the ready-to-eat and ready-to-cook category will boost demand, with consumers leaning towards value-added products.
Fastest-growing Segment by Country
1.76 %
Projected CAGR, Canada, 2024-2029
Canada is one of the biggest seafood producers with sustainable practices in the region, with a preference for frozen and canned seafood with low fat and high protein.
Fastest-growing Segment by Type
1.52 %
Projected CAGR, Shrimp, 2024-2029
Frozen shrimp's demand in North America is majorly owing to its non-perishable nature. Hence, more North American importers, distributors, and food service operators prefer to use it.
Leading Market Player
6.47 %
market share, Sysco Corporation, 2022
The company offers a diverse range of seafood products, including lobster, octopus, salmon, tuna, shrimp, cod, and mussels, along with many varieties of calamari.
The rising demand for convenience meals is propelling the market growth
- The frozen and canned fish segment accounted for the major share of the market, with an increase of 4.36% by value in the region in 2022 compared to the previous year. The primary factors influencing the North American market for frozen seafood products are the rising demand for convenience meals, such as ready-to-eat (RTE) and ready-to-cook (RTC) goods, and the increasing health-consciousness among consumers.
- The frozen and canned seafood market grew by 36.40% in value from 2017 to 2022. Due to busy lifestyles, growing urbanization, and high disposable incomes, the demand for easy-to-prepare and easy-to-consume food is also increasing. Moreover, frozen seafood is often processed and frozen at the peak of freshness, preserving its nutritional value and minimizing the risk of bacteria growth.
- The global demand for high-quality, sustainably sourced fish and seafood is growing at a significant rate. Frozen and canned fish consumption accounted for more than 38.81% of the overall seafood consumption in North America in 2022. In the region, the United States is the major seafood-consuming country with a wide coastline of 19,924 km.
- The other seafood segment, including lobsters, crabs, and oysters, is expected to be the fastest-growing segment in Mexico. It is expected to register a CAGR of 5.82% during the forecast period (2023-2029). The growing awareness about the health advantages of seafood is attracting the attention of more consumers toward the category. The sales of frozen and canned lobsters, crabs, and oysters witnessed a hike of 7.57% from 2020 to 2022 in Mexico. The increasing adoption of Western culture is also boosting the consumption of lobsters and crabs.
Understand The Key Trends Shaping This Market
Download PDF
Rising production in the region is the primary market driver
- The consumption of frozen and canned seafood has experienced a considerable increase in recent years. This is largely attributed to the health benefits of seafood, which have been scientifically demonstrated to protect human health by reducing the risk of serious chronic and inflammatory illnesses. Seafood is becoming increasingly popular due to its environmental benefits. The added advantages of long shelf life and year-round availability across various channels, along with increased consumer health awareness, are boosting frozen seafood sales volume and value. Nearly 73% of US households purchase frozen seafood compared to fresh seafood. The United States is the leader in North America, holding a 72.17% share by value in 2022.
- Canada is anticipated to be the fastest-growing country in terms of the consumption of frozen and canned seafood. It is projected to register a CAGR of 1.77% by value during the forecast period. A vast coastal line and developing aquaculture support consumption in the country. The variety of commercially cultivated species in Canada has grown to approximately 45 kinds of finfish, shellfish, and marine algae. A long trip from the coast to various cities in the country makes frozen fish the most viable option in the Canadian market to get the seafood without damage or losing the nutrients to both manufacturers and consumers.
- Mexico is also a major market in the region. It is one of the largest seafood producers, and it provides more than 40% of domestic seafood using sustainable practices. Almost 39% of the Mexican population has high BMI rates; frozen and canned seafood are appealing to Mexican consumers as they have low fat and high amounts of proteins and nutrients.
North America Frozen and Canned 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.
Understand The Key Trends Shaping This Market
Download PDF
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.
Understand The Key Trends Shaping This Market
Download PDF
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 Frozen and Canned Seafood Industry Overview
The North America Frozen and Canned Seafood Market is fragmented, with the top five companies occupying 16.84%. The major players in this market are High Liner Foods Inc., Mowi ASA, Sysco Corporation, Thai Union Group PCL and Trident Seafood Corporation (sorted alphabetically).
North America Frozen and Canned Seafood Market Leaders
High Liner Foods Inc.
Mowi ASA
Sysco Corporation
Thai Union Group PCL
Trident Seafood Corporation
Other important companies include Admiralty Island Fisheries Inc., American Tuna Inc., Beaver Street Fisheries, Bolton Group SRL, Dongwon Industries Ltd, Dulcich Inc., FCF Co. Ltd, Gulf Shrimp Co. LLC, Pacific American Fish Company Inc..
*Disclaimer: Major Players sorted in alphabetical order.
Need More Details on Market Players and Competitors?
Download PDF
North America Frozen and Canned Seafood Market News
- August 2022: The Marine Stewardship Council (MSC) awarded American Tuna, Inc. a 2022 MSC US Ocean Champion Award for their continued dedication to seafood sustainability and ocean health.
- August 2022: Bolton Group acquired Wild Planet Foods, the innovation leader and pioneer in the natural and sustainably caught canned seafood market in the United States. Going forward, Bolton Group and Wild Planet will work together on a path toward a best-in-class sustainable supply chain.
- May 2022: Trident Seafood Corporation has planned to build a "next-generation processing plant" in Alaska's Aleutian Islands to replace the facility in Akutan. The plant increased its capacity to produce surimi and recover larger volumes of secondary products, including pollock, roe, fishmeal, and fish oil.
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 Frozen and Canned Seafood Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. INTRODUCTION
- 2.1 Study Assumptions & Market Definition
- 2.2 Scope of the Study
- 2.3 Research Methodology
3. KEY INDUSTRY TRENDS
-
3.1 Price Trends
- 3.1.1 Fish
- 3.1.2 Shrimp
-
3.2 Production Trends
- 3.2.1 Fish
- 3.2.2 Shrimp
-
3.3 Regulatory Framework
- 3.3.1 Canada
- 3.3.2 Mexico
- 3.3.3 United States
- 3.4 Value Chain & Distribution Channel Analysis
4. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)
-
4.1 Type
- 4.1.1 Fish
- 4.1.2 Shrimp
- 4.1.3 Other Seafood
-
4.2 Distribution Channel
- 4.2.1 Off-Trade
- 4.2.1.1 Convenience Stores
- 4.2.1.2 Online Channel
- 4.2.1.3 Supermarkets and Hypermarkets
- 4.2.1.4 Others
- 4.2.2 On-Trade
-
4.3 Country
- 4.3.1 Canada
- 4.3.2 Mexico
- 4.3.3 United States
- 4.3.4 Rest of North America
5. COMPETITIVE LANDSCAPE
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
- 5.3 Company Landscape
-
5.4 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)
- 5.4.1 Admiralty Island Fisheries Inc.
- 5.4.2 American Tuna Inc.
- 5.4.3 Beaver Street Fisheries
- 5.4.4 Bolton Group SRL
- 5.4.5 Dongwon Industries Ltd
- 5.4.6 Dulcich Inc.
- 5.4.7 FCF Co. Ltd
- 5.4.8 Gulf Shrimp Co. LLC
- 5.4.9 High Liner Foods Inc.
- 5.4.10 Mowi ASA
- 5.4.11 Pacific American Fish Company Inc.
- 5.4.12 Sysco Corporation
- 5.4.13 Thai Union Group PCL
- 5.4.14 Trident Seafood Corporation
6. KEY STRATEGIC QUESTIONS FOR SEAFOOD INDUSTRY CEOS
7. APPENDIX
-
7.1 Global Overview
- 7.1.1 Overview
- 7.1.2 Porter’s Five Forces Framework
- 7.1.3 Global Value Chain Analysis
- 7.1.4 Market Dynamics (DROs)
- 7.2 Sources & References
- 7.3 List of Tables & Figures
- 7.4 Primary Insights
- 7.5 Data Pack
- 7.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- FISH PRICE PER METRIC TON, USD, NORTH AMERICA, 2017 - 2023
- Figure 2:
- SHRIMP PRICE PER METRIC TON, USD, NORTH AMERICA, 2017 - 2023
- Figure 3:
- FISH PRODUCTION, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 4:
- SHRIMP PRODUCTION, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 5:
- VOLUME OF FROZEN AND CANNED SEAFOOD MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 6:
- VALUE OF FROZEN AND CANNED SEAFOOD MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 7:
- VOLUME OF FROZEN AND CANNED SEAFOOD MARKET BY TYPE, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 8:
- VALUE OF FROZEN AND CANNED SEAFOOD MARKET BY TYPE, USD, NORTH AMERICA, 2017 - 2029
- Figure 9:
- VOLUME SHARE OF FROZEN AND CANNED SEAFOOD MARKET SPLIT BY TYPE, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 10:
- VALUE SHARE OF FROZEN AND CANNED SEAFOOD MARKET SPLIT BY TYPE, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 11:
- VOLUME OF FROZEN AND CANNED FISH MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 12:
- VALUE OF FROZEN AND CANNED FISH MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 13:
- VALUE SHARE OF FISH FROZEN AND CANNED SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2022 VS 2029
- Figure 14:
- VOLUME OF FROZEN AND CANNED SHRIMP MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 15:
- VALUE OF FROZEN AND CANNED SHRIMP MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 16:
- VALUE SHARE OF SHRIMP FROZEN AND CANNED SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2022 VS 2029
- Figure 17:
- VOLUME OF FROZEN AND CANNED OTHER SEAFOOD MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 18:
- VALUE OF FROZEN AND CANNED OTHER SEAFOOD MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 19:
- VALUE SHARE OF OTHER SEAFOOD FROZEN AND CANNED SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2022 VS 2029
- Figure 20:
- VOLUME OF FROZEN AND CANNED SEAFOOD MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 21:
- VALUE OF FROZEN AND CANNED SEAFOOD MARKET BY DISTRIBUTION CHANNEL, USD, NORTH AMERICA, 2017 - 2029
- Figure 22:
- VOLUME SHARE OF FROZEN AND CANNED SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 23:
- VALUE SHARE OF FROZEN AND CANNED SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 24:
- VOLUME OF FROZEN AND CANNED SEAFOOD MARKET SOLD VIA OFF-TRADE, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 25:
- VALUE OF FROZEN AND CANNED SEAFOOD MARKET SOLD VIA OFF-TRADE, USD, NORTH AMERICA, 2017 - 2029
- Figure 26:
- VOLUME OF FROZEN AND CANNED SEAFOOD MARKET SOLD VIA OFF-TRADE CHANNELS, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 27:
- VALUE OF FROZEN AND CANNED SEAFOOD MARKET SOLD VIA OFF-TRADE CHANNELS, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 28:
- VOLUME OF FROZEN AND CANNED SEAFOOD MARKET SOLD VIA CONVENIENCE STORES, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 29:
- VALUE OF FROZEN AND CANNED SEAFOOD MARKET SOLD VIA CONVENIENCE STORES, USD, NORTH AMERICA, 2017 - 2029
- Figure 30:
- VALUE SHARE OF FROZEN AND CANNED SEAFOOD MARKET SOLD VIA CONVENIENCE STORES SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 31:
- VOLUME OF FROZEN AND CANNED SEAFOOD MARKET SOLD VIA ONLINE CHANNEL, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 32:
- VALUE OF FROZEN AND CANNED SEAFOOD MARKET SOLD VIA ONLINE CHANNEL, USD, NORTH AMERICA, 2017 - 2029
- Figure 33:
- VALUE SHARE OF FROZEN AND CANNED SEAFOOD MARKET SOLD VIA ONLINE CHANNEL SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 34:
- VOLUME OF FROZEN AND CANNED SEAFOOD MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 35:
- VALUE OF FROZEN AND CANNED SEAFOOD MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD, NORTH AMERICA, 2017 - 2029
- Figure 36:
- VALUE SHARE OF FROZEN AND CANNED SEAFOOD MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 37:
- VOLUME OF FROZEN AND CANNED SEAFOOD MARKET SOLD VIA OTHERS, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 38:
- VALUE OF FROZEN AND CANNED SEAFOOD MARKET SOLD VIA OTHERS, USD, NORTH AMERICA, 2017 - 2029
- Figure 39:
- VALUE SHARE OF FROZEN AND CANNED SEAFOOD MARKET SOLD VIA OTHERS SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 40:
- VOLUME OF FROZEN AND CANNED SEAFOOD MARKET SOLD VIA ON-TRADE, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 41:
- VALUE OF FROZEN AND CANNED SEAFOOD MARKET SOLD VIA ON-TRADE, USD, NORTH AMERICA, 2017 - 2029
- Figure 42:
- VOLUME OF FROZEN AND CANNED SEAFOOD MARKET BY COUNTRY, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 43:
- VALUE OF FROZEN AND CANNED SEAFOOD MARKET BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 44:
- VOLUME SHARE OF FROZEN AND CANNED SEAFOOD MARKET SPLIT BY COUNTRY, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 45:
- VALUE SHARE OF FROZEN AND CANNED SEAFOOD MARKET SPLIT BY COUNTRY, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 46:
- VOLUME OF FROZEN AND CANNED SEAFOOD MARKET, METRIC TONS, CANADA, 2017 - 2029
- Figure 47:
- VALUE OF FROZEN AND CANNED SEAFOOD MARKET, USD, CANADA, 2017 - 2029
- Figure 48:
- VALUE SHARE OF FROZEN AND CANNED SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, CANADA, 2022 VS 2029
- Figure 49:
- VOLUME OF FROZEN AND CANNED SEAFOOD MARKET, METRIC TONS, MEXICO, 2017 - 2029
- Figure 50:
- VALUE OF FROZEN AND CANNED SEAFOOD MARKET, USD, MEXICO, 2017 - 2029
- Figure 51:
- VALUE SHARE OF FROZEN AND CANNED SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, MEXICO, 2022 VS 2029
- Figure 52:
- VOLUME OF FROZEN AND CANNED SEAFOOD MARKET, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 53:
- VALUE OF FROZEN AND CANNED SEAFOOD MARKET, USD, UNITED STATES, 2017 - 2029
- Figure 54:
- VALUE SHARE OF FROZEN AND CANNED SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, UNITED STATES, 2022 VS 2029
- Figure 55:
- VOLUME OF FROZEN AND CANNED SEAFOOD MARKET, METRIC TONS, REST OF NORTH AMERICA, 2017 - 2029
- Figure 56:
- VALUE OF FROZEN AND CANNED SEAFOOD MARKET, USD, REST OF NORTH AMERICA, 2017 - 2029
- Figure 57:
- VALUE SHARE OF FROZEN AND CANNED SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF NORTH AMERICA, 2022 VS 2029
- Figure 58:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, NORTH AMERICA, 2020 - 2023
- Figure 59:
- MOST ADOPTED STRATEGIES, COUNT, NORTH AMERICA, 2020 - 2023
- Figure 60:
- VALUE SHARE OF MAJOR PLAYERS, %, NORTH AMERICA, 2022
North America Frozen and Canned Seafood Industry Segmentation
Fish, Shrimp are covered as segments by Type. Off-Trade, On-Trade are covered as segments by Distribution Channel. Canada, Mexico, United States are covered as segments by Country.
- The frozen and canned fish segment accounted for the major share of the market, with an increase of 4.36% by value in the region in 2022 compared to the previous year. The primary factors influencing the North American market for frozen seafood products are the rising demand for convenience meals, such as ready-to-eat (RTE) and ready-to-cook (RTC) goods, and the increasing health-consciousness among consumers.
- The frozen and canned seafood market grew by 36.40% in value from 2017 to 2022. Due to busy lifestyles, growing urbanization, and high disposable incomes, the demand for easy-to-prepare and easy-to-consume food is also increasing. Moreover, frozen seafood is often processed and frozen at the peak of freshness, preserving its nutritional value and minimizing the risk of bacteria growth.
- The global demand for high-quality, sustainably sourced fish and seafood is growing at a significant rate. Frozen and canned fish consumption accounted for more than 38.81% of the overall seafood consumption in North America in 2022. In the region, the United States is the major seafood-consuming country with a wide coastline of 19,924 km.
- The other seafood segment, including lobsters, crabs, and oysters, is expected to be the fastest-growing segment in Mexico. It is expected to register a CAGR of 5.82% during the forecast period (2023-2029). The growing awareness about the health advantages of seafood is attracting the attention of more consumers toward the category. The sales of frozen and canned lobsters, crabs, and oysters witnessed a hike of 7.57% from 2020 to 2022 in Mexico. The increasing adoption of Western culture is also boosting the consumption of lobsters and crabs.
| Type | Fish | |
| Shrimp | ||
| Other Seafood | ||
| Distribution Channel | Off-Trade | Convenience Stores |
| Online Channel | ||
| Supermarkets and Hypermarkets | ||
| Others | ||
| Distribution Channel | On-Trade | |
| Country | Canada | |
| Mexico | ||
| United States | ||
| Rest of North America |
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 |
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.
Get More Details On Research Methodology
Download PDF
80% of our clients seek made-to-order reports. How do you want us to tailor yours?
