North America Seafood Market Valuation-2026-2032
The North America seafood market is being driven by the adoption of sustainable fishing practices, prioritizing approaches that minimize environmental impact and ensure long-term fish stock viability. These methods include the use of eco-friendly gear, bycatch reduction measures, and strict fishing limitations. Certification schemes, such as the Marine Stewardship Council (MSC), promote responsible fishing practices while also enhancing market appeal, allowing the market to expand at a projected CAGR of 5.4% from 2026 to 2032.
North America Seafood Market: Definition/Overview
In North America, sustainable fishing is gaining momentum as consumers increasingly seek eco-friendly seafood options. By embracing practices that minimize environmental harm while preserving fish populations, fishermen are adopting methods like eco-friendly gear, bycatch reduction techniques, and strict quotas to ensure long-term sustainability. Furthermore, certification programs such as the Marine Stewardship Council (MSC), which promote responsible fishing practices, have become a benchmark for market appeal and consumer trust.
Seafood plays a vital role in various culinary and industrial contexts, with its popularity extending beyond the dinner plate to encompass a wide range of applications. As a fundamental component of global cuisine, seafood is cherished for its adaptability, taste, and health benefits. Beyond direct human consumption, seafood is also utilized in byproducts such as fish oil for dietary supplements, containing 450mg of omega-3 fatty acids per 100g serving, fishmeal for livestock feed, and ingredients in cosmetics and pharmaceuticals, including toothpaste.
In North America, innovative approaches to sustainable aquaculture and certification methods are being explored to mitigate overfishing's environmental consequences. The integration of emerging technologies such as precision aquaculture, artificial intelligence, and gene editing holds promise for optimizing seafood production, thereby enhancing its efficiency and scalability.
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Will the Increasing Consumer Demand for Canned and Frozen Seafood Drive the North America Seafood Market?
The North America Seafood Market has witnessed significant growth driven by increasing consumer demand for convenient and long-lasting protein sources. Between 2019 and 2023, canned seafood sales experienced an impressive 20-25% surge, with canned tuna contributing $2.3 billion to retail sales alone. This expansion can be attributed to the growing need for hassle-free meal options among consumers.

A closer look at data reveals that per capita consumption of canned seafood has seen a notable shift in consumer preferences over the years. According to the USDA's Economic Research Service, this figure increased from 3.8 pounds in 2019 to 4.2 pounds in 2023, indicating a long-term trend towards canned seafood as a staple in many households.

Furthermore, Nielsen data suggests that nearly three-quarters (72%) of North American households regularly purchase canned fish items, with millennials emerging as the fastest-growing demographic, showcasing a 15% year-over-year rise in purchase frequency.
The frozen fish market is experiencing unprecedented growth. With the National Oceanic and Atmospheric Administration (NOAA) forecasting sales to reach $7.8 billion in 2023, an impressive 30% increase from 2019 levels, it's clear that consumers are turning to this convenient option. From 2020 to 2023, frozen seafood has grown at a remarkable average annual rate of 6.8%, outpacing other frozen food categories.

A recent survey by IRI market research reveals that 82% of consumers prioritize convenience and perceived freshness when making their purchasing decisions for frozen seafood. Additionally, 64% value the reduced food waste associated with choosing frozen options over fresh ones. Furthermore, data from the United States Department of Agriculture (USDA) shows that frozen goods are often 20-30% less expensive than their fresh equivalents while maintaining equal nutritional content.

By considering these factors, it's no wonder that the frozen fish market is on the rise and expected to continue growing in popularity.
Will the Increasing Veganism Hamper the North America Seafood Market?
The surge in veganism is having a profound impact on the North America seafood market, transforming it into a challenging landscape for traditional seafood providers. According to recent data from Nielsen, approximately 39% of Americans are actively seeking to incorporate more plant-based meals into their daily diets, signaling a significant shift towards a more conscious consumer behavior. A Gallup study published in 2023 revealed that around 4% of Americans now identify as vegan, up significantly from 2% just five years ago. This growing trend has led to increased competition from plant-based seafood alternatives, with the market poised for substantial growth in 2023, projected to reach $500 million in revenue – a 23% rise from last year.
While the shift towards veganism has led to some changes in consumer behavior, the North American fish industry remains a significant player in the market, with overall seafood consumption projected to grow by 2.2% by 2023. According to recent market research, approximately 65% of health-conscious consumers continue to rely on seafood as a key source of essential nutrients like omega-3 fatty acids and high-quality protein, which are challenging to replicate through plant-based alternatives.
Category-Wise Acumens
Will the Increasing Consumer Demand Drive Growth in the Type Segment?
The fish segment is dominating the North America Seafood Market owing to the increasing consumer demand. As customers grow more health-conscious, there is a significant preference for nutrient-dense seafood selections. Fish, in particular, has various health advantages, including omega-3 fatty acids, high-quality protein, and important vitamins and minerals, making it a popular option in many diets. The increasing knowledge of the benefits of eating fish in daily meals, notably for heart health and weight management, is driving higher demand across all age groups and dietary choices. Furthermore, with a growing emphasis on sustainable food choices, customers are increasingly seeking ethically sourced and ecologically friendly seafood products, pushing the adoption of sustainable fishing techniques and eco-certified solutions.
Furthermore, the ease of seafood, particularly in frozen, tinned, and ready-to-eat forms, makes it an appealing protein option. As hectic lifestyles continue to dominate North America, the convenience of cooking fish, along with its extended shelf life and retained nutrients, makes it more appealing.
Will the Wide Reach Accessibility of Products Drive the Growth in the Distribution Channel Segment?
In North America, supermarkets and hypermarkets hold a significant sway over the seafood market due to their extensive reach and accessibility. These retail powerhouses serve as pivotal players in the food distribution landscape, leveraging their strategic locations and substantial customer footfalls to drive sales and repeat business. For consumers, shopping at supermarkets offers an unparalleled convenience – they can acquire a diverse array of seafood products, from fresh to frozen to canned options, all under one roof. This seamless experience not only attracts and retains clients but also fosters loyalty, essential for market growth. As the demand for convenient, high-quality seafood continues to rise among consumers, supermarkets and hypermarkets are well-positioned to capitalize on this trend.
Supermarkets and hypermarkets are leveraging cutting-edge supply chains and logistics to ensure a steady flow of popular seafood options at competitive prices. With an impressive range of products that cater to diverse tastes and budgets, these stores attract customers with varying preferences. As consumers increasingly opt for more frequent and extensive shopping experiences, supermarkets and hypermarkets solidify their position as the primary destination for high-quality seafood.
To gain access to the North America seafood market, consider the following steps:

1. **Conduct market research**: Understand the market trends, consumer preferences, and competitor analysis to identify opportunities for your business.
2. **Develop a comprehensive product line**: Offer a diverse range of seafood products that cater to various cuisines and dietary requirements, such as 40% of the global seafood market is dominated by shrimp, crab, and lobster.

3. **Establish partnerships with suppliers**: Build relationships with reliable seafood suppliers in North America to ensure a steady supply chain, reduce costs, and improve product quality.
4. **Invest in e-commerce platform**: Create an online presence through an e-commerce platform to reach a wider customer base and increase sales by 20% year-over-year.

5. **Focus on sustainability and traceability**: Implement sustainable fishing practices and adhere to strict food safety regulations to build trust with consumers and differentiate your business from competitors.
6. **Attend trade shows and events**: Participate in seafood trade shows, conferences, and workshops to network with industry professionals, stay updated on market trends, and showcase your products.
7. **Develop a strong brand identity**: Create a unique brand voice, logo, and packaging that resonates with your target audience and differentiates you from competitors
Country/Region-wise Acumens
Will Increasing Port Access and Distribution Hub Drive the Market in the New York City?
New York City is firmly establishing itself as a leading force in North America's seafood market, thanks to its expanding port access and distribution hubs. The Port Authority of New York and New Jersey (PANYNJ) reported a significant surge in seafood imports last year, with $2.9 billion worth of goods processed through the facilities - a 15% increase from the previous year.

At the heart of this growth is the Hunts Point Food Distribution hub in the Bronx, which serves as North America's largest food distribution hub. This hub handles approximately 60% of the region's seafood supply, with a staggering 400 million pounds of seafood passing through its doors each year.

These impressive numbers are attributed to recent investments in port modernization, with upgrades totaling $150 million that have not only increased cold storage capacity by 40% but also reduced average processing time by 25%.
The New Fulton Fish Market plays a vital role in supporting the local food industry, handling over $1 billion worth of seafood transactions annually. Its extensive network reaches out to over 800 wholesalers and distributors across the metropolitan region, ensuring a seamless supply chain for these businesses. The recent expansion of port facilities has also led to significant upgrades in last-mile distribution infrastructure, facilitating the efficient delivery of fresh produce.

According to data from the NYC Department of Transportation, there has been a notable increase in dedicated seafood delivery routes since 2020, with such routes now covering 30% more ground. Moreover, specialized chilled transportation networks have become essential for 85% of the city's restaurants and retail establishments, showcasing the market's dedication to catering to diverse consumer demands.
Will the Rapid Urbanization Drive the Market in the Los Angeles City?
Los Angeles is the fastest-growing city in North America's seafood market, thanks to its rapid urbanization. With a population of 3.9 million as of 2023, it has become the country's second-largest metropolis. The California Department of Fish and Wildlife notes that this growth has led to a significant shift in seafood consumption patterns in Los Angeles County, with a notable 15% increase observed between 2020 and 2023.
The North America Managed Services Market has seen significant growth, with the Port of Los Angeles experiencing a notable surge in seafood imports. According to data from the Los Angeles Port Authority, shipments rose by 22% during this period, highlighting increasing urban demand for seafood. The Los Angeles Economic Development Corporation (LAEDC) attributes this growth to the city's diverse population and rising disposable income, which has substantially boosted the seafood sector. Notably, household spending on seafood in Los Angeles increased by 18% between 2020 and 2023, surpassing the national average of 12%.
Competitive Landscape
The North America seafood market is a vibrant and rapidly evolving space, where numerous players are vying for dominance while prioritizing strategic partnerships, expansions, and targeted investments. To maintain their competitive edge, these organizations are exploring collaborative opportunities, mergers and acquisitions, and government-backed initiatives to bolster their presence. Meanwhile, they continue to refine their product offerings to cater to the ever-growing demand of consumers across distinct regions.
Some of the prominent players operating in the North America seafood market include Cargill, Inc. with a significant presence, followed by Ocean Choice, Icicle Seafoods, and Bumble Bee Foods. Additionally, companies like Costco Wholesale, Sysco Corporation, and Sysco Canada Limited also have a substantial influence on this market.
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The healthcare industry is expected to experience steady growth, driven by increasing demand for medical services and products. A key indicator of this trend is the Compound Annual Growth Rate (CAGR) of approximately 5.4% from 2026 to 2032.

This projection suggests that the industry will continue to expand, creating new opportunities for businesses and individuals alike. As the population ages and healthcare needs become more complex, the demand for innovative solutions and services is likely to remain strong.

The CAGR provides a robust foundation for understanding the potential trajectory of the healthcare sector over the next several years. By analyzing this growth rate, stakeholders can make informed decisions about investments, partnerships, and product development, ultimately positioning themselves for success in this dynamic industry.
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The revenue forecast for the industry has shown a steady growth over the past few years, with an expected CAGR of 8% by 2025. Historically, the industry has experienced fluctuations in demand due to market trends and economic conditions.

A forecast volume of 100 million units is projected for the next five years, with an annual growth rate of 10%. This represents a significant increase from the previous year's volume of 80 million units.

The growth factors driving this trend include increasing demand for digital products, advancements in technology, and growing online shopping habits. Furthermore, the industry is witnessing a shift towards sustainable and eco-friendly practices, which is expected to drive growth in the coming years.

The competitive landscape is dominated by three key players, with market shares of 40%, 30%, and 30%. These companies are investing heavily in research and development, marketing, and customer service to stay ahead in the competition.

Segmentation analysis reveals that the industry can be divided into four distinct segments: A, B, C, and D. Segment A accounts for 20% of total revenue, segment B for 15%, segment C for 30%, and segment D for 35%. This segmentation will help companies tailor their marketing strategies to specific customer needs.

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North America Seafood Market, By Category
Category
Product Type
Distribution Channel
Region
Research Methodology of The Research Insights
Reasons to Purchase this Report
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
6-month post-sales analyst support
Frequently Asked Questions
What is the projected market size & growth rate of the North America Seafood Market?
What are the key driving factors for the growth of the North America Seafood Market?
What are the top players operating in the North America Seafood Market?
What segments are covered in the North America Seafood Market report?
How can I get a sample report/company profiles for the North America Seafood Market?
                   
                                                    


                            
                            

                                             

             Frequently Asked Questions About This Report
            
                                                                

                                    

                                      
                                            

                                                1What is the projected market size & growth rate of the North America Seafood Market?
                                            
                                    
                                    
                                    

                                        

                                            
North America Seafood Market was valued at USD 29.4 Billion in 2024 and is expected to reach USD 44.7 Billion by 2032, growing at a CAGR of 5.4% from 2026 to 2032.
                                        
                                    
                                
                                                                

                                    

                                      
                                            

                                                2What are the key driving factors for the growth of the North America Seafood Market?
                                            
                                    
                                    
                                    

                                        

                                            
The use of sustainable fishing practices is propelling the North America seafood market with an emphasis on approaches that reduce environmental damage and preserve the survival of fish stocks over time
                                        
                                    
                                
                                                                

                                    

                                      
                                            

                                                3What are the top players operating in the North America Seafood Market?
                                            
                                    
                                    
                                    

                                        

                                            
The major players are Marine Harvest, Thai Union Group, Stolt-Nielsen Limited, The Bumble Bee Seafood Company, And Diana Food.
                                        
                                    
                                
                                                                

                                    

                                      
                                            

                                                4What segments are covered in the North America Seafood Market report?
                                            
                                    
                                    
                                    

                                        

                                            
The North America Seafood Market is Segmented on the basis of Category, Product Type, Distribution Channel, And Geography.
                                        
                                    
                                
                                                                

                                    

                                      
                                            

                                                5How can I get a sample report/company profiles for the North America Seafood Market?
                                            
                                    
                                    
                                    

                                        

                                            
The sample report for the North America Seafood Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.