Food & Beverage Market Research News

North America frozen seafood market is anticipated to reach USD 17.6 billion by 2021 according to new research report

Food & Beverage Market Research

North America Frozen Seafood Market was worth USD 14.07 billion in 2016 and estimated to be growing at a CAGR of 4.58%, to reach USD 17.6 billion by 2021. Frozen fish and seafood are food times which are packaged in order to increase the shelf life of the products.

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Due to the rising urbanisation, there has been an increase in the demand for convenient food products which are easy and quick to make.

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A rise in the working women population base, improving living standards and the growth of urban settlements are adding to the popularity of convenience food products which in turn drives the growth of the market. However, various health concerns and the need to reduce fish contamination remain key challenges for leading vendors.

North America Frozen Seafood Market Segmentation by distribution channel.

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By distribution channel the market is analyzed under supermarkets and hypermarkets, independent retailers, convenience stores, speciality retailers and others.  Among these, supermarkets and hypermarkets dominated the market and are expected to retain their leading position over the forecast period.

This segment is finding increased acceptance among sellers as a highly attractive retail outlet to sell different types of frozen fish and seafood, because of the accessibility it grants to a vast range of products at discounted prices. Convenience stores and independent retailers are also projected to obtain a considerable market share over the forecast period on account of the growing sales of frozen fish and seafood across different countries.On the basis of geography, the market is analysed under various regions namely USA and Canada. 

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Key players operating in the market include Leroy Seafood, High Liner Foods, Marine Harvest, and Iglo Group. Other prominent vendors include Beijing Princess Seafood International Trading, Austevoll Seafood, Fishery Products International, Clearwater Seafood, AquaChile, Sajo Industries, Lyons Seafoods,Shanghai Kaichuang, Hansung Enterprise, Marine International, Surapon Foods Public, Tri Marine International, Tassal Group,and Toyo Suisan Kaisha.

Market Segmentation                                              

  • Distribution channel               
  • Introduction           
  • Supermarkets and hypermarkets 
  • Independent retailers        
  • Convenience stores            
  • Speciality retailers
  • Others      
  • Y-o-Y Growth Analysis, By Distribution channel      
  • Market Attractiveness Analysis, By Ditribution channel      
  • Market Share Analysis, By Distribution channel     

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Scope of the report :

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of distribution channel along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

 

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