NORTH AMERICA SEAFOOD MARKET RD
North America Seafood Market to 2027 – COVID-19 Impact and Analysis – by Type (Fish, Crustaceans, Mollusca, and Others), Product Type (Fresh, Frozen, Canned, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Store, Specialty Store, Online, and Others)
Pages: 131
Market Introduction
As per the Food and Drug Administration (FDA), seafood encompasses all commercially obtained saltwater and freshwater fish, molluscan shellfish, and crustaceans. The demand for seafood is anticipated to witness a dramatic growth across North America owing to its health benefits. Rising per capita consumption accompanied by the demand from U.S and Canada for imported seafood products is considered to strengthen the market further. The demand for seafood products across specialty restaurants is growing at a robust pace in recent times. A large population of consumers prefers to eat seafood over other cuisines, and this is major factor that propels the market expansion. Moreover, coastal regions are implementing concerted efforts to develop advanced supply chains for the export and supply of seafood. Also, the growth of the seafood market highly depends on the ease of procuring seafood from coastal regions. Furthermore, the improvement in economic condition and progression in disposable income levels also helped the market growth. Mexico is witnessing strong urbanization trend and it resulted in the increase in disposable income among the middle-income groups, subsequently adding to the middle-class population. The medium as well as high-income consumers in urban areas are changing their consumption trend from essential to premium food products. This trend favors seafood companies and suppliers to improve their product and service line in the seafood segment.
Market Overview and Dynamics
The North America Seafood market is expected to reach US$ 22,526.38 Million in 2027 from US$ 29,629.37 Million in 2019. The market is anticipated to grow with a CAGR of 3.6% from 2020-2027. Factors such as rising health consciousness among the North American populace drive the growth of the market.
Key Market Segments
By product type, the fresh segment accounted for the largest market share in the North America seafood market in 2019. In terms of type, the fish segment held the largest market share of the seafood market by 2027. In terms of distribution channel, the supermarkets and hypermarkets segment held the largest market share of the seafood market by 2027.
Major Sources and Companies Listed
Some of the major primary and secondary sources for seafood market included in the report are American Seafoods Company LLC, Kangamiut Seafood A/C, Pacific American Fish Co. Inc., Royal Greenland A/S, Mowi ASA, The Union Group PCL, Grupo Nueva Pescanova, Trident Seafoods Corporation, and SeaPak Shrimp & Seafood Company.
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NORTH AMERICA SEAFOOD MARKET SEGMENTATION
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 29,629.37 Million |
| Market Size by 2027 | US$ 22,526.38 Million |
| CAGR (2020 - 2027) | 3.6% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Seafood Market is valued at US$ 29,629.37 Million in 2019, it is projected to reach US$ 22,526.38 Million by 2027.
As per our report North America Seafood Market, the market size is valued at US$ 29,629.37 Million in 2019, projecting it to reach US$ 22,526.38 Million by 2027. This translates to a CAGR of approximately 3.6% during the forecast period.
The North America Seafood Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Seafood Market report:
The North America Seafood Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Seafood Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Seafood Market value chain can benefit from the information contained in a comprehensive market report.
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