Dublin, May 06, 2024 (GLOBE NEWSWIRE) -- The "North America Frozen Seafood Market Report by Type, Distribution Channel, Sector, and Country 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The North America frozen seafood market size reached US$ 15.1 Billion in 2023 and is forecast to reach US$ 20.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.51% during 2023-2032. 
The increasing demand of convenience foods such as ready-to-eat (RTE) and ready-to-cook (RTC) products coupled with the increasing health consciousness among the consumers currently represent the major factors driving the frozen seafood products market in North America. The RTE and RTC products reduce the preparation time and are gaining attention among the working population with busy and hectic lifestyles. The rising consumer awareness about the health benefits of seafood associated with eyes & heart health coupled with the lifestyle changes are also leading to an increased demand for such products.
Furthermore, the growing demand for frozen seafood as a thickening agent in various food-processing applications has also fueled the market growth. Other factors driving the industry include advancement in freezing technologies, technological innovations, better supply chain solutions, increasing premiumization of products, rising population, increasing urbanization, etc.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the North America frozen seafood market report, along with forecasts at the regional and country level from 2024-2032. The report has categorized the market based on type, distribution channel, and sector.
Key Market Insights
- United States currently dominates the market, holding the largest share.
- Shrimp currently represent the largest segment.
- Supermarkets and Hypermarkets currently represent the leading segment.
Competitive Landscape
The report has also examined the competitive landscape of the market and provides the profiles of the key players operating in the industry.
Some of the major players include:
- Leroy Seafood
- High Liner Foods
- Marine Harvest
- Iglo Group
- Austevoll Seafood
- Fishery Products International
Key Questions Answered in This Report
- What was the size of the North America frozen seafood market in 2023?
- What is the expected growth rate of the North America frozen seafood market during 2024-2032?
- What are the key factors driving the North America frozen seafood market?
- What has been the impact of COVID-19 on the North America frozen seafood market?
- What is the breakup of the North America frozen seafood market based on the type?
- What is the breakup of the North America frozen seafood market based on the distribution channel?
- What is the breakup of the North America frozen seafood market based on the sector?
- What are the key regions in the North America frozen seafood market?
- Who are the key players/companies in the North America frozen seafood market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 125 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $15.1 Billion |
| Forecasted Market Value (USD) by 2032 | $20.6 Billion |
| Compound Annual Growth Rate | 3.5% |
| Regions Covered | North America |
Market Segmentation
Breakup by Country:
- United States
- Canada
Breakup by Type:
- Shrimp
- Salmon
- Tuna
- Tilapia
- Pangasius
- Catfish
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Speciality Retailers
- Convenience Stores
- Online
- Others
Breakup by Sector:
- Retail
- Institutional
For more information about this report visit https://www.researchandmarkets.com/r/8u5wcr
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