Seafood products are frozen to stop bacteria from growing, maintain their flavor and nutritional content, and lengthen their shelf life. Cryofreezing is the most widely used method for preparing a variety of seafood products, including shrimp, tilapia, salmon, tuna, and so on. Nowadays, these products are preferred over canned and fresh seafood products throughout the region because they are high in proteins, fatty acids, and micronutrients—all of which are necessary for good health.
According to SPER market research, ‘North America Frozen Seafood Market Size By Type, By Distribution Channel, By Sector - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the North America Frozen Seafood Market is predicted to reach USD 22.47 billion by 2033 with a CAGR of 4.19%.
Drivers:
The primary drivers of the frozen seafood products market in North America at the moment are consumers' growing health consciousness and the growing demand for convenience foods like ready-to-eat (RTE) and ready-to-cook (RTC) items. A growing number of working people with busy and demanding lives are becoming aware of RTE and RTC products, which cut down on preparation time. The increasing demand for these products can be attributed to changes in consumer lifestyles and consumer awareness of the health benefits of seafood for heart and eye health. The increasing demand for frozen seafood as a thickening agent in a variety of food-processing applications has been fueling the market expansion even more.
Challenges:
The dynamics and operation of the frozen seafood sector in North America are impacted by numerous issues. A noteworthy obstacle is the growing consumer preference for fresh, minimally processed foods. Fresh seafood is preferred over frozen varieties as health-conscious consumers look for less processed options. Due to this change in consumer behavior, the frozen seafood industry faces challenges. It has to be creative and flexible in order to satisfy changing customer demands about product quality and processing techniques.
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Impact of COVID-19 on North America Frozen Seafood Market
The frozen seafood market in North America was impacted by the COVID-19 pandemic in a complex manner. Supply chain interruptions, logistical difficulties, and shifts in consumer behavior were all prevalent in the early stages of the pandemic. Lockdowns and limitations resulted in the foodservice sector, which is a significant buyer of frozen seafood, closing and scaling back operations, as well as an unexpected drop in demand. The market's overall volume was impacted by the reduction in business or temporary closure of major consumers of frozen seafood products, such as hotels, restaurants, and catering services. On the other hand, during lockdowns, the number of people who chose to buy and prepare meals at home increased, which increased demand for retail goods.
North America Frozen Seafood Market Key Players:
Furthermore, Regionally, the market is divided into the United States and Canada, with the United States presently holding a dominant position in the frozen seafood market in North America. Additionally, some of the market key players are Austevoll Seafood, Fishery Products International, High Liner Foods.
North America Frozen Seafood Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Type: Based on the Type, North America Frozen Seafood Market is segmented as; Adjuvants, Fertilizers, Pesticides, Plant Growth Regulators.
By Distribution Channel: Based on the Application, North America Frozen Seafood Market is segmented as; Supermarkets and Hypermarkets, Speciality, Convenience Stores, Online, Others.
By Sector: Based on the Sector, North America Frozen Seafood Market is segmented as; Retail, Institutional.
By Region: This research also includes data for Central Region, Southern Region, and Northern Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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North America Frozen Seafood Market Future Outlook
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Global Frozen Seafood Market was valued at USD 12.97 Billion in 2019 and is expected to reach USD 19.01 Billion by the year 2026, at a CAGR of 5.67%.The Global Frozen Seafood Market Report provides a qualitative and quantitative analysis for the period 2021 to 2027.
The report predicts that the Global Frozen Seafood Market will grow with a CAGR during the forecast period of 2021-2027.
The Frozen Fish Market Report is a comprehensive study and presentation of the drivers, restraints, opportunities, demand factors, market size, forecasts and trends in the global frozen seafood market during the period 2021 to 2027.
Furthermore , the report is a collective presentation of the research results.
Also, there is an increase in awareness of the health benefits of shellfish.Request for Free Sample Report: https://introspectivemarketresearch.com/request/14733The Major Players Covered in this Report:Premium Seafood, The Sirena, M Seafood, J.Sykes & Sons, Beaver Street Fisheries, Mazetta, Castlerock, AquaChile, Clearwater Seafood, High Liner Foods, Leroy SeafoodChanges in Eating Habits Bolstering the Market GrowthThe global market for frozen seafood is currently driven by growing demand for fast foods, such as ready-to-eat (RTE) and ready-to-cook (RTC) products, as well as growing consumer health awareness.
Additionally, rapid advances in freezing technology, improved supply chain options, the primacy of goods, population growth, and increasing urbanization are further boosting the industry.Global Frozen Seafood: Market SegmentationThe Introspective Market Research Group provides an analysis of key trends in each sub segment of the global Frozen Seafood market, alongside regional and national forecasts for the period 2021-2027.
