North America Seafood Market Forecast to 2027 - COVID-19 Impact and Regional 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)
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.
Reasons to buy the report
- To understand the seafood market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for seafood market
- Efficiently plan M&A and partnership deals in seafood market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form seafood market
- Obtain market revenue forecast for market by various segments from 2018-2027 in seafood.
NORTH AMERICA SEAFOOD MARKET SEGMENTATION
- Fish
- Crustaceans
- Mollusca
- Others
- North America Seafood Market – By Product Type
- Fresh
- Frozen
- Canned
- Others
- North America Seafood Market – By Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Store
- Specialty Store
- Online
Company Profiles
- 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
- SeaPak Shrimp & Seafood Company
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Seafood Market – By Type
1.3.2 North America Seafood Market – By Product Type
1.3.3 North America Seafood Market – By Distribution Channel
1.3.4 North America Seafood Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Seafood Market Landscape
4.1 Market Overview
4.1.1 North America PEST Analysis
5. North America Seafood Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Health Benefits Associated With Seafood Attracts Health Conscious Consumers
5.1.2 Increased Demand for Frozen and Canned Seafood
5.2 Market Restraints
5.2.1 Increasing Veganism in North America
5.3 Market Opportunities
5.3.1 Escalating Online Sales Coupled With Growing Government Initiatives
5.4 Future Trends
5.4.1 Growing Demand for Sustainable Seafood Products
5.5 Impact Analysis
6. Seafood – North America Market Analysis
6.1 North America Seafood Market Overview
6.2 North America Seafood Market Forecast and Analysis
7. Seafood Market – By Type
7.1 Overview
7.2 Seafood Market Breakdown, by Type, 2019 and 2027
7.3 Fish
7.3.1 Overview
7.3.2 Seafood Market for Fish, Revenue and Forecasts to 2027 (US$ MN)
7.4 Crustaceans
7.4.1 Seafood Market for Crustaceans, Revenue and Forecast to 2027 (US$ MN)
7.5 Mollusca
7.5.1 Overview
7.5.2 Seafood Market for Mollusca, Revenue and Forecast to 2027 (US$ MN)
7.6 Others
7.6.1 Overview
7.6.2 Seafood Market for Others, Revenue and Forecast to 2027 (US$ MN)
8. North America Seafood Market Analysis – Type
8.1 Overview
8.2 North America Seafood Market Breakdown, by Type, 2019 and 2027
8.3 Fresh
8.3.1 Overview
8.3.2 Seafood Market for Fresh, Revenue and Forecast to 2027 (US$ MN)
8.4 Frozen
8.4.1 Overview
8.4.2 Seafood Market for Frozen, Revenue and Forecast to 2027 (US$ MN)
8.5 Canned
8.5.1 Overview
8.5.2 Seafood Market for Canned, Revenue and Forecast to 2027 (US$ MN)
8.6 Others
8.6.1 Overview
8.6.2 Seafood Market for Others, Revenue and Forecast to 2027 (US$ MN)
9. North America Seafood Market Analysis – Distribution Channel
9.1 Overview
9.2 North America Seafood Market Breakdown, by Distribution Channel, 2019 and 2027
9.3 Supermarket and Hypermarkets
9.3.1 Overview
9.3.2 Seafood Market for Supermarkets and Hypermarkets, Revenue and Forecast to 2027 (US$ MN)
9.4 Convenience Stores
9.4.1 Overview
9.4.2 Seafood Market for Convenience, Revenue and Forecast to 2027 (US$ MN)
9.5 Speciality Stores
9.5.1 Overview
9.5.2 Seafood Market for Speciality Stores, Revenue and Forecast to 2027 (US$ MN)
9.6 Online
9.6.1 Overview
9.6.2 Seafood Market for Online, Revenue and Forecast to 2027 (US$ MN)
9.7 Others
9.7.1 Overview
9.7.2 Seafood Market for Others, Revenue and Forecast to 2027 (US$ MN)
10. Seafood Market – Country Analysis
10.1 Overview
10.1.1 North America Seafood Market Breakdown, by Key Countries
10.1.1.1 US Seafood Market Revenue and Forecast to 2027 (US$ MN)
10.1.1.1.1 US: Seafood Market, by Product Type
10.1.1.1.2 US: Seafood Market, by Distribution Channel
10.1.1.2 Canada Seafood Market Revenue and Forecast to 2027 (US$ MN)
10.1.1.2.1 Canada: Seafood Market, by Type
10.1.1.2.2 Canada: Seafood Market, by Product Type
10.1.1.2.3 Canada: Seafood Market, by Distribution Channel
10.1.1.3 Mexico Seafood Market Revenue and Forecast to 2027 (US$ MN)
10.1.1.3.1 Mexico: Seafood Market, by Type
10.1.1.3.2 Mexico: Seafood Market, by Product Type
10.1.1.3.3 Mexico: Seafood Market, by Distribution Channel
11. Impact of COVID-19 Pandemic on North American Seafood Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 American Seafoods Company LLC
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Kangamiut Seafood A/C
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.3 Pacific American Fish Co. Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.4 Royal Greenland A/S
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Mowi ASA
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Thai Union Group PCL
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Grupo Nueva Pescanova
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Trident Seafoods Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 SeaPak Shrimp & Seafood Company
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Seafood Market Revenue and Forecasts to 2027 (US$ Million)
Table 2. U.S.: Seafood Market, by Type 2017–2027 (USD Million)
Table 3. US Seafood Market, by Product Type– Revenue and Forecast to 2027 (USD Million)
Table 4. US Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)
Table 5. Canada Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 6. Canada Seafood Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 7. Canada Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)
Table 8. Mexico Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 9. Mexico Seafood Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 10. Mexico Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Seafood Market Segmentations
Figure 2. North America Seafood Market Segmentation – By Country
Figure 3. North America Seafood Market Overview
Figure 4. Fresh Held Largest Share in The North America Seafood Market By Product Type
Figure 5. U.S. Dominated The North America Seafood Market In 2018
Figure 6. North America Seafood Market, Industry Landscape
Figure 7. North America – Pest Analysis
Figure 8. Impact Analysis of Drivers and Restraints
Figure 9. North America Seafood Market Forecast And Analysis, (US$ Million)
Figure 10. Seafood Market Breakdown, by Product, 2019 and 2027 (%)
Figure 11. Seafood Market for Fish, Revenue and Forecast, 2017–2027 (US$ MN)
Figure 12. Seafood Market for Crustaceans, Revenue and Forecast to 2027 (US$ MN)
Figure 13. Seafood Market for Mollusca, Revenue and Forecast to 2027 (US$ MN)
Figure 14. Seafood Market for Others, Revenue and Forecast to 2027 (US$ MN)
Figure 15. North America Seafood Market Breakdown by Type, 2019 and 2027 (%)
Figure 16. Seafood Market for Fresh, Revenue and Forecast to 2027 (US$ MN)
Figure 17. Seafood Market for Frozen, Revenue and Forecast to 2027 (US$ MN)
Figure 18. Seafood Market for Canned, Revenue and Forecast to 2027 (US$ MN)
Figure 19. Seafood Market for Others, Revenue and Forecast to 2027 (US$ MN)
Figure 20. North America Seafood Market Breakdown by Distribution Channel, 2019 and 2027 (%)
Figure 21. Seafood Market for Supermarkets and Hypermarkets, Revenue and Forecast to 2027 (US$ MN)
Figure 22. Seafood Market for Convenience, Revenue and Forecast to 2027 (US$ MN)
Figure 23. Seafood Market for Speciality Stores, Revenue and Forecast to 2027 (US$ MN)
Figure 24. Seafood Market for Online, Revenue and Forecast to 2027 (US$ MN)
Figure 25. Seafood Market for Others, Revenue and Forecast to 2027 (US$ MN)
Figure 26. North America Seafood Market Breakdown by Key Countries, 2019 & 2027(%)
Figure 27. US Seafood Market Forecasts To 2027 (US$ Million)
Figure 28. Canada Seafood Market Forecasts To 2027 (US$ Million)
Figure 29. Mexico Seafood Market Forecasts To 2027 (US$ Million)
Figure 30. Impact Of Covid-19 Pandemic In North American Country Markets- 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
- SeaPak Shrimp & Seafood Company
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America seafood market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.