Market Insights Consumer Food Fish & Seafood

Processed Fish & Seafood - North America

North America

Revenue in the Processed Fish & Seafood market amounts to €8.33bn in 2024. The market is expected to grow annually by 5.33% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€30,060m in 2024).
In relation to total population figures, per person revenues of €16.33 are generated in 2024.
In the Processed Fish & Seafood market, volume is expected to amount to 0.74bn kg by 2029. The Processed Fish & Seafood market is expected to show a volume growth of 4.0% in 2025.
The average volume per person in the Processed Fish & Seafood market is expected to amount to 1.3kg in 2024.

Key regions: Japan, United States, Philippines, Russia, China

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Región

Comparación de regiones

Moneda

Analyst Opinion

The Processed Fish & Seafood market is experiencing minimal growth in North America due to factors such as changing consumer preferences, increasing health concerns, and the convenience of online purchasing. These trends are impacting the overall market, including sub-markets such as Canned, Dried & Smoked Fish and Fish Fingers & Portions.

Customer preferences: The growing consumer interest in sustainable and ethically-sourced seafood has led to a rise in demand for certified and traceable processed fish and seafood products. This trend is driven by a desire for transparency in food production and a heightened awareness of the environmental impact of fishing practices. Additionally, there is a growing preference for convenient and ready-to-eat options, as busy lifestyles and changing dietary preferences drive the demand for processed fish and seafood products.

Trends in the market: In North America, the Processed Fish & Seafood Market within the Fish & Seafood Market of The Food market is experiencing a surge in demand for sustainably sourced products. Consumers are becoming more conscious of the environmental impact of their food choices and are seeking out seafood that is caught or farmed in an environmentally responsible manner. This trend is expected to continue, as sustainability becomes a key factor in purchasing decisions. Industry stakeholders must adapt to this trend by implementing sustainable practices and promoting their products as such, in order to remain competitive in the market. Additionally, the rise of e-commerce and online shopping has led to an increase in direct-to-consumer sales of processed fish and seafood, bypassing traditional distribution channels. This trend is expected to continue as consumers seek convenient and contactless options for purchasing food products. As a result, industry stakeholders must invest in their online presence and delivery capabilities to cater to this demand.

Local special circumstances: In North America, the Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by the region's strict food safety regulations and consumer demand for sustainably sourced products. Additionally, the market is driven by the growing trend of health-conscious consumers choosing seafood as a healthier protein option. In contrast, the European market is dominated by a strong tradition of seafood consumption and a preference for wild-caught fish. This has led to a greater emphasis on product labeling and traceability in the European market.

Underlying macroeconomic factors: The Processed Fish & Seafood Market within The Food market is heavily influenced by macroeconomic factors such as global economic growth, national economic stability, fiscal policies, and financial indicators. For instance, countries with a growing economy and stable fiscal policies are likely to see an increase in demand for processed fish & seafood due to higher consumer spending power. Moreover, favorable trade agreements and increased investment in the fishing industry can also drive market growth. On the other hand, economic downturns and trade barriers can negatively impact the market, leading to a decrease in demand for processed fish & seafood. Additionally, changing consumer preferences and health concerns can also influence market performance, with a growing demand for healthier and sustainably sourced processed fish & seafood products.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.