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Mar 02, 2025

United States's Frozen Fish and Seafood Market to See Slow Growth, Reaching 2M Tons and $15.1B by 2035 - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform. IndexBox has just published a new report: U.S. - Frozen Fish And Seafood - Market Analysis,

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IndexBox has just published a new report: U.S. - Frozen Fish And Seafood - Market Analysis, Forecast, Size, Trends And Insights.

The market for frozen fish and seafood in the United States is expected to see steady growth over the next decade, driven by increasing consumer demand. Market volume is forecasted to reach 2M tons by 2035, with a projected CAGR of +0.5%. In value terms, the market is anticipated to grow to $15.1B by the end of 2035, with an expected CAGR of +1.2%.

Driven by increasing demand for frozen fish and seafood in the United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.5% for the period from 2024 to 2035, which is projected to bring the market volume to 2M tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.2% for the period from 2024 to 2035, which is projected to bring the market value to $15.1B (in nominal wholesale prices) by the end of 2035.

In 2024, consumption of frozen fish and seafood was finally on the rise to reach 1.9M tons after two years of decline. The total consumption volume increased at an average annual rate of +1.6% from 2013 to 2024; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak volume of 2.1M tons. From 2022 to 2024, the growth of the consumption remained at a somewhat lower figure.

The revenue of the frozen fish and seafood market in the United States shrank to $13.3B in 2024, which is down by -3.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a relatively flat trend pattern. Frozen fish and seafood consumption peaked at $16.7B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

Frozen crustaceans (703K tons), frozen fish fillet (700K tons) and frozen whole fish (420K tons) were the main products of frozen fish and seafood consumption in the United States, with a combined 94% share of the total volume. Frozen fish meat and molluscs (scallops, mussels, cuttle fish, squid and octopus) lagged somewhat behind, together accounting for a further 5.6%.

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the key consumed products, was attained by molluscs (scallops, mussels, cuttle fish, squid and octopus) (with a CAGR of +13.9%), while consumption for the other products experienced more modest paces of growth.

In value terms, frozen fish fillet ($7.8B), frozen crustaceans ($6.8B) and frozen whole fish ($1.9B) were the products with the highest levels of market value in 2024, together comprising 97% of the total market. Molluscs (scallops, mussels, cuttle fish, squid and octopus) and frozen fish meat lagged somewhat behind, together accounting for a further 3.1%.

Among the main consumed products, molluscs (scallops, mussels, cuttle fish, squid and octopus), with a CAGR of +16.4%, saw the highest growth rate of market size over the period under review, while market for the other products experienced more modest paces of growth.

In 2024, production of frozen fish and seafood in the United States shrank to 1.3M tons, remaining constant against the previous year's figure. Over the period under review, production showed a slight descent. The pace of growth was the most pronounced in 2017 when the production volume increased by 7.3% against the previous year. Over the period under review, production attained the maximum volume at 1.4M tons in 2014; however, from 2015 to 2024, production stood at a somewhat lower figure.

In value terms, frozen fish and seafood production rose modestly to $4.5B in 2024. In general, production showed a pronounced slump. The growth pace was the most rapid in 2015 when the production volume increased by 13% against the previous year. As a result, production reached the peak level of $7.4B. From 2016 to 2024, production growth remained at a lower figure.

Frozen whole fish (726K tons), frozen fish fillet (456K tons) and frozen fish meat (230K tons) were the main products of frozen fish and seafood production in the United States, with a combined 98% share of the total output.

From 2013 to 2014, the biggest increases were recorded for frozen fish fillet (with a CAGR of +2.8%), while production for the other products experienced more modest paces of growth.

In value terms, frozen fish fillet ($3.9B), frozen whole fish ($2B) and frozen fish meat ($545M) constituted the products with the highest levels of production in 2014, together accounting for 99% of the total output.

Among the main produced products, frozen fish fillet, with a CAGR of +9.3%, recorded the highest rates of growth with regard to market size over the period under review, while production for the other products experienced more modest paces of growth.

In 2024, overseas purchases of frozen fish and seafood decreased by -7.5% to 1.4M tons, falling for the third year in a row after two years of growth. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. As a result, imports reached the peak of 1.7M tons. From 2022 to 2024, the growth of imports failed to regain momentum.

In value terms, frozen fish and seafood imports dropped to $11.7B in 2024. The total import value increased at an average annual rate of +1.0% over the period from 2013 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 34%. Over the period under review, imports reached the maximum at $16.2B in 2022; however, from 2023 to 2024, imports failed to regain momentum.

India (261K tons), China (257K tons) and Ecuador (189K tons) were the main suppliers of frozen fish and seafood imports to the United States, with a combined 50% share of total imports.

From 2013 to 2024, the biggest increases were recorded for India (with a CAGR of +9.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish and seafood suppliers to the United States were Canada ($1.9B), India ($1.8B) and Ecuador ($1.3B), together comprising 43% of total imports. China, Indonesia, Vietnam, Chile, Norway, Argentina, Mexico and Thailand lagged somewhat behind, together comprising a further 43%.

Among the main suppliers, Argentina, with a CAGR of +10.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Frozen crustaceans (687K tons), frozen fish fillet (446K tons) and frozen whole fish (169K tons) were the main products of frozen fish and seafood imports to the United States, together accounting for 91% of total imports.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by frozen crustaceans (with a CAGR of +3.0%), while imports for the other products experienced mixed trend patterns.

In value terms, frozen fish and seafood with the largest imports in the United States were frozen crustaceans ($6.5B), frozen fish fillet ($3.3B) and molluscs (scallops, mussels, cuttle fish, squid and octopus) ($918M), together comprising 92% of total imports. Frozen whole fish and frozen fish meat lagged somewhat behind, together accounting for a further 7.6%.

Frozen whole fish, with a CAGR of +2.9%, saw the highest rates of growth with regard to the value of imports, among the main product categories over the period under review, while purchases for the other products experienced more modest paces of growth.

The average frozen fish and seafood import price stood at $8,174 per ton in 2024, approximately mirroring the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 15%. The import price peaked at $9,461 per ton in 2022; however, from 2023 to 2024, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplied products. In 2024, the product with the highest price was frozen crustaceans ($9,498 per ton), while the price for frozen whole fish ($4,854 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by frozen fish fillet (+2.6%), while the prices for the other products experienced more modest paces of growth.

The average frozen fish and seafood import price stood at $8,174 per ton in 2024, remaining stable against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 15% against the previous year. The import price peaked at $9,461 per ton in 2022; however, from 2023 to 2024, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($17,986 per ton), while the price for China ($4,345 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Canada (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

In 2024, overseas shipments of frozen fish and seafood decreased by -12.7% to 845K tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a pronounced descent. The pace of growth appeared the most rapid in 2017 with an increase of 14%. Over the period under review, the exports attained the maximum at 1.3M tons in 2014; however, from 2015 to 2024, the exports stood at a somewhat lower figure.

In value terms, frozen fish and seafood exports declined to $2.8B in 2024. Overall, exports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 15% against the previous year. As a result, the exports reached the peak of $4B. From 2018 to 2024, the growth of the exports remained at a lower figure.

China (216K tons), Japan (142K tons) and South Korea (121K tons) were the main destinations of frozen fish and seafood exports from the United States, together accounting for 57% of total exports. The Netherlands, Canada, Thailand, Lithuania, France, Mexico, Germany, Spain and Ukraine lagged somewhat behind, together comprising a further 36%.

From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +9.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen fish and seafood exported from the United States were Japan ($560M), China ($548M) and the Netherlands ($356M), together comprising 52% of total exports.

The Netherlands, with a CAGR of +7.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Frozen whole fish (442K tons) was the largest type of frozen fish and seafood exported from the United States, with a 52% share of total exports. Moreover, frozen whole fish exceeded the volume of the second product type, frozen fish meat (191K tons), twofold. The third position in this ranking was taken by frozen fish fillet (128K tons), with a 15% share.

From 2013 to 2024, the average annual growth rate of the volume of frozen whole fish exports stood at -4.7%. With regard to the other exported products, the following average annual rates of growth were recorded: frozen fish meat (-0.5% per year) and frozen fish fillet (-1.2% per year).

In value terms, frozen whole fish ($1.4B) remains the largest type of frozen fish and seafood exported from the United States, comprising 51% of total exports. The second position in the ranking was taken by frozen fish fillet ($485M), with a 17% share of total exports. It was followed by frozen fish meat, with a 16% share.

From 2013 to 2024, the average annual growth rate of the value of frozen whole fish exports stood at -3.4%. With regard to the other exported products, the following average annual rates of growth were recorded: frozen fish fillet (-0.3% per year) and frozen fish meat (+0.2% per year).

In 2024, the average frozen fish and seafood export price amounted to $3,350 per ton, stabilizing at the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 10%. Over the period under review, the average export prices reached the maximum at $3,768 per ton in 2022; however, from 2023 to 2024, the export prices remained at a lower figure.

Prices varied noticeably by the product type; the product with the highest price was frozen crustaceans ($16,238 per ton), while the average price for exports of frozen fish meat ($2,444 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for the following types: frozen crustaceans (+1.8%), while the prices for the other products experienced more modest paces of growth.

The average frozen fish and seafood export price stood at $3,350 per ton in 2024, standing approx. at the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 10% against the previous year. The export price peaked at $3,768 per ton in 2022; however, from 2023 to 2024, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2024, amid the top suppliers, the country with the highest price was Canada ($5,529 per ton), while the average price for exports to Mexico ($1,920 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for frozen fish and seafood in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles