The North America Fish Processing Market size is expected to be worth USD 71.65 billion in 2024 and estimated to be growing at a CAGR of 3.23%, to reach USD 84 billion by 2029. The market has abundant growth potential in the mentioned forecasting period and it continues to gain momentum with the recent increase in the demand of fish.
Fish Processing is the process which starts with the catching of fishes and ends at final shipping to customers. It includes entire species of aquatic organisms, irrespective of the place they are obtained from. Fish is a very perishable food and hence needs to be stored and preserved properly for protection against decaying. Some of the popular fish processes used for fish preservation are surimi, curing, salting, drying, and smoking.
The major driving factors for the market of North America Fish Processing are advancement in the fishing technologies as well as the increased demand for fish medicines and food owing to its high nutritional value. Also, the rising demands of people for variety in the seafood is expected to drive the growth of market in this region.
However, the people here are gradually accepting vegetarian and vegan diets and this is a major constraint for the growth of this market.
The food segment leads the market under the segmentation on the basis of application due to increased inclusion of fish in people’s diets.
The fish harvested from marine sources lead the market due to the development of new techniques for fishing.
Both the countries have a high trend of eating seafood and the demand for variety is expected to be the reason for high CAGR of the market in this region.
Major Key Players in the North America Fish Processing Market are High Liner Foods Incorporated (Canada), Clearwater Seafoods (Canada), Marine Harvest (U.S.A), and Cooke Aquaculture (U.S.A).
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1400
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region