North America Fish Processing Market

North America Fish Processing Market Size (2024 to 2029)

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.

MARKET DRIVERS

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.

MARKET RESTRAINTS

However, the people here are gradually accepting vegetarian and vegan diets and this is a major constraint for the growth of this market.

This research report on the North America fish processing market is segmented and sub-segmented into the following categories.

Segmental Analysis

North America Fish Processing Market By Fish Processing Category

• Frozen
• Preserved
• others

North America Fish Processing Market By Application

• Food
• Non-Food

The food segment leads the market under the segmentation on the basis of application due to increased inclusion of fish in people’s diets.

North America Fish Processing Market By Source

• Marine
• Inland

The fish harvested from marine sources lead the market due to the development of new techniques for fishing.

North America Fish Processing Market By Species

• Fish
• Crustaceans
• Mollusks
• Others

North America Fish Processing Market By Equipment

• Slaughtering
• Gutting
• Scaling
• Filleting
• Deboning
• Skinning
• Smoking
• Others

North America Fish Processing Market By Region 

• US
• Canada
• Rest of North America

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.

KEY MARKET PLAYERS 

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).