Key Insights

The US frozen and canned seafood market, valued at approximately $XX million in 2025, is projected to experience steady growth, exhibiting a compound annual growth rate (CAGR) of 3.90% from 2025 to 2033. This growth is driven by several key factors. Increasing consumer demand for convenient, ready-to-eat meals fuels the popularity of frozen seafood. Health-conscious consumers are also drawn to seafood's high protein and omega-3 fatty acid content. Furthermore, the expanding food service sector, including restaurants and quick-service establishments, contributes significantly to market expansion. The market segmentation reveals strong performance across various categories. Fish, shrimp, and other seafood types demonstrate consistent demand, while both on-trade (restaurants, bars) and off-trade (retail stores) distribution channels contribute significantly to overall sales. Geographic variations exist, with regions like the Northeast and West potentially exhibiting higher growth rates due to factors such as proximity to coastal areas and established seafood consumption habits. However, challenges such as fluctuating seafood prices, supply chain disruptions, and concerns about sustainable fishing practices pose potential restraints on market growth. Companies like Trident Seafood Corporation, High Liner Foods Inc., and Thai Union Group PCL are key players, competing through product diversification, brand building, and supply chain optimization.

The forecast period (2025-2033) anticipates a continued rise in market value, driven by innovative product offerings, such as value-added frozen seafood meals and convenient packaging formats. The industry's response to sustainability concerns is also crucial, with initiatives focusing on responsible sourcing and eco-friendly packaging gaining traction. Competition among established players and the emergence of new entrants will shape market dynamics. To maintain a competitive edge, companies will need to focus on product innovation, efficient logistics, and effective marketing strategies targeting health-conscious and convenience-seeking consumers. Regional variations in market penetration will likely persist, reflecting established consumption patterns and local preferences. A deeper understanding of consumer preferences, coupled with sustainable sourcing practices, will be crucial for long-term success in this market.

Frozen and Canned Seafood Market in US: A Comprehensive Report (2019-2033)

This comprehensive report provides an in-depth analysis of the Frozen and Canned Seafood Market in the US, covering the period from 2019 to 2033. It offers actionable insights for industry professionals, investors, and stakeholders seeking a clear understanding of this dynamic market. With a focus on key market segments, leading players, and future trends, this report is an essential resource for strategic decision-making. The base year for this report is 2025, with estimations for 2025 and forecasts extending to 2033. The historical period covered is 2019-2024. Market values are expressed in Millions.

Frozen and Canned Seafood Market in US Market Structure & Innovation Trends

The US frozen and canned seafood market exhibits a moderately consolidated structure, with key players such as Trident Seafood Corporation, Beaver Street Fisheries, and High Liner Foods Inc holding significant market share. However, the market also encompasses numerous smaller regional players and importers. Innovation is driven by consumer demand for convenient, healthy, and sustainably sourced seafood. This fuels the development of value-added products, such as ready-to-eat meals and individually portioned packs. Stringent regulatory frameworks concerning food safety and sustainability significantly influence market practices. Product substitutes, like plant-based seafood alternatives, pose a growing challenge. The end-user demographics are diverse, spanning households, food service establishments (restaurants, hotels), and retail channels. M&A activity has been moderate, with notable acquisitions such as Sysco Corporation's acquisition of The Coastal Companies in February 2022, aimed at expanding their reach and capabilities within the fresh produce and seafood markets. The deal value for this acquisition was xx Million. Further research is needed to ascertain the precise market share of the dominant players and the overall value of M&A activities in recent years.

Frozen and Canned Seafood Market in US Market Dynamics & Trends

The US frozen and canned seafood market is experiencing robust growth, driven by factors such as rising consumer preference for convenient and ready-to-eat meals, increasing health consciousness, and growing awareness of seafood's nutritional benefits. Technological advancements, including improved freezing and canning techniques, enhance product quality and shelf life. Consumer preference shifts towards sustainable and ethically sourced seafood are impacting the market dynamics, pushing companies to adopt eco-friendly practices and obtain certifications like MSC. Competitive dynamics are intense, with companies competing on price, product differentiation, brand reputation, and supply chain efficiency. The market is witnessing a steady increase in the demand for premium and value-added products. The CAGR during the forecast period (2025-2033) is projected at xx%, while market penetration for sustainable and ethically sourced seafood is expected to reach xx% by 2033. This growth is fuelled by expanding retail and food service segments. The rising popularity of online grocery platforms is also contributing to market expansion.

Dominant Regions & Segments in Frozen and Canned Seafood Market in US

The Northeast and West Coast regions dominate the US frozen and canned seafood market, driven by high population density, proximity to fishing grounds, and established distribution networks. Within product segments, fish commands the largest share, followed by shrimp and other seafood types. Off-trade distribution channels (grocery stores, supermarkets) hold a significantly larger share compared to on-trade (restaurants, hotels).

• Key Drivers for Northeast and West Coast Dominance:
  • Established fishing industries and infrastructure
  • High consumer demand and purchasing power
  • Robust distribution networks and logistics
  • Proximity to major population centers

The dominance of these regions and segments is further reinforced by favorable economic conditions, strong consumer spending, and well-developed supply chains.

Frozen and Canned Seafood Market in US Product Innovations

Recent product innovations include ready-to-eat meals, convenient single-serving packs, and value-added products featuring unique flavor profiles and sauces. Technological advancements in freezing and canning techniques enhance product quality and extend shelf life, while environmentally friendly packaging is gaining traction. This aligns with consumer preferences for convenience, health, and sustainability, driving market growth.

Report Scope & Segmentation Analysis

This report segments the US frozen and canned seafood market based on type (fish, shrimp, other seafood), distribution channel (off-trade, on-trade), and other factors. Each segment's market size, growth projections, and competitive dynamics are analyzed in detail. The "fish" segment is projected to maintain its dominance, while the "shrimp" segment is expected to witness significant growth. The off-trade channel is projected to experience higher growth compared to the on-trade channel. Growth projections vary significantly depending on specific segments, reflecting differing consumer preferences and market trends. Competitive dynamics are shaped by factors such as brand recognition, pricing strategies, and product differentiation.

Key Drivers of Frozen and Canned Seafood Market in US Growth

Several factors drive the market's growth, including: increasing demand for convenient and healthy food options; rising consumer disposable incomes; and growth of the food service industry. Furthermore, technological advancements in processing, packaging and preservation technologies enhance product quality and extend shelf life. Finally, supportive government policies promoting sustainable fishing practices are boosting market growth.

Challenges in the Frozen and Canned Seafood Market in US Sector

The market faces challenges such as price volatility of raw materials, fluctuating fuel costs impacting transportation expenses, stringent regulations regarding food safety and sustainability, and potential disruptions in the supply chain. The increasing popularity of plant-based seafood alternatives also presents a competitive threat, estimated to impact the market by xx Million by 2033. These factors can constrain market growth and profitability.

Emerging Opportunities in Frozen and Canned Seafood Market in US

Emerging opportunities include the expansion of e-commerce platforms for seafood sales, growing demand for sustainable and ethically sourced products, and increased focus on value-added and ready-to-eat products catering to busy lifestyles. The development of innovative packaging solutions enhancing product shelf life and reducing waste also offers substantial opportunities. The market for premium and organic seafood is also experiencing promising growth.

Leading Players in the Frozen and Canned Seafood Market in US Market

• Trident Seafood Corporation
• Beaver Street Fisheries
• Bolton Group SRL
• Pacific American Fish Company Inc
• High Liner Foods Inc
• Millennium Ocean Star Corporation
• Sysco Corporation
• Thai Union Group PCL
• American Tuna Inc
• Dongwon Industries Ltd
• Mowi ASA

Key Developments in Frozen and Canned Seafood Market in US Industry

• August 2022: The Marine Stewardship Council (MSC) awarded American Tuna, Inc. a 2022 MSC US Ocean Champion Award, boosting consumer confidence in sustainable seafood practices.
• February 2022: Sysco Corporation's acquisition of The Coastal Companies expanded its reach and capabilities in the fresh produce and value-added seafood segments.
• January 2022: The Hain Celestial Group's acquisition of That’s How We Roll (though not directly related to seafood) highlights the broader trend of M&A activity in the food industry, potentially influencing the seafood sector through similar future moves.

Future Outlook for Frozen and Canned Seafood Market in US Market

The US frozen and canned seafood market is poised for continued growth, driven by factors such as rising consumer demand, innovation in product offerings, and increased focus on sustainability. Strategic opportunities lie in expanding into new markets, developing innovative products catering to specific consumer preferences, and adopting sustainable and ethical sourcing practices. The market is expected to witness a robust expansion, with significant growth potential in the forecast period.

Frozen and Canned Seafood Market in US Segmentation

• 1. Type
  • 1.1. Fish
  • 1.2. Shrimp
  • 1.3. Other Seafood
• 2. Distribution Channel
  • 2.1. Off-Trade
    • 2.1.1. Convenience Stores
    • 2.1.2. Online Channel
    • 2.1.3. Supermarkets and Hypermarkets
    • 2.1.4. Others
  • 2.2. On-Trade

Frozen and Canned Seafood Market in US Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Mexico
• 2. South America
  • 2.1. Brazil
  • 2.2. Argentina
  • 2.3. Rest of South America
• 3. Europe
  • 3.1. United Kingdom
  • 3.2. Germany
  • 3.3. France
  • 3.4. Italy
  • 3.5. Spain
  • 3.6. Russia
  • 3.7. Benelux
  • 3.8. Nordics
  • 3.9. Rest of Europe
• 4. Middle East & Africa
  • 4.1. Turkey
  • 4.2. Israel
  • 4.3. GCC
  • 4.4. North Africa
  • 4.5. South Africa
  • 4.6. Rest of Middle East & Africa
• 5. Asia Pacific
  • 5.1. China
  • 5.2. India
  • 5.3. Japan
  • 5.4. South Korea
  • 5.5. ASEAN
  • 5.6. Oceania
  • 5.7. Rest of Asia Pacific