US SEAFOOD MARKET

INTRODUCTION

 The United States provides a wide variety of seafood due to its extensive coastline and diverse aquatic ecosystems. In the United States, one of the most popular seafoods is prawn. It's a staple in many recipes, including shrimp gumbo, shrimp cocktail, and shrimp scampi. A popular option due to its rich flavour and adaptability is salmon. 

The Atlantic, Pacific, Gulf of Mexico, and freshwater sources all have an impact on the variety of regional seafood specialties found in the United States. American cuisine heavily features seafood, and a variety of cooking methods and culinary customs highlight the wealth of premium seafood that can be found all over the nation.

US SEAFOOD MARKET SIZE AND FORECAST

The US seafood market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

US SEAFOOD MARKETRECENT DEVELOPMENT

A prominent national distributor and manufacturer of fresh, frozen, and value-added specialty seafood, Raw Seafoods, Inc., has announced the launch of City Pier specialty seafood, their flagship lifestyle brand.

In an innovative step to upend the established order in the seafood retail sector and raise consumer and category standards, Raw Seafoods saw the need to revitalise the seafood market with the launch of the City Pier brand, an elegant yet edgy label founded on quality-driven and stylistic principles that include nutrition, healthy ingredients free of artificial additives and preservatives, culinary inspiration, and a forward-thinking, contemporary brand positioning.

North Atlantic wild-caught sea scallops, grilled prawns, hot and sweet Italian wild salmon meatballs and a broad selection of frozen seafood appetisers, sauces and fish portions are just a few of the delectable and distinctive products that City Pier offers in its assortment of frozen, premium, ready-to-eat and ready-to-cook specialty seafood.

North Atlantic Wild-Caught Sea Scallops, Grilled Shrimp, Hot Italian & Sweet Italian Wild Salmon Meatballs and Scallops au gratin were all introduced by City Pier this month at The Fresh Market. "That customers are looking for more seafood products that are ready for retail, it's a great time to collaborate on the retail launch of City Pier specialty seafood.

US SEAFOOD MARKETMARKET DYNAMICS 

The United States is recognized as a global leader in sustainable seafood for both wild-caught and farmed species. In 2019, U.S. commercial fishermen brought in $5.5 billion from the landing of 9.3 billion pounds of fish and shellfish.

The total value of exports in 2022 is $5.39 billion. 1 metric tonne (millions) of total volume. The three-year mean is $5.05 billion. 2020 saw Dutch Harbour, Alaska, lead the country as the port with the most volume of seafood landed for the 24th year in a row (800.1 million pounds, valued at $186.7 million).

52.2 percent of the value and 92.1 percent of the volume were accounted for by Alaska pollock, or walleye. An extra 34.6 percent of the value and 2.1 percent of the volume of Dutch Harbour landings came from high-value snow and king crabs.

The port with the highest valued catch in the country was New Bedford, Massachusetts, with 115.4 million pounds valued at $376.6 million. Of the total, sea scallops accounted for 26% of the volume and 83.6 percent of the value. 

US SEAFOOD MARKETTHIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many seafoods are manufactured per annum in US? Who are the sub-component suppliers in different regions?
2. Cost breakup of a US seafood and key vendor selection criteria
3. Where is the US seafood manufactured? What is the average margin per unit?
4. Market share of US seafood market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture US seafood in-house
6. key predictions for next 5 years in US seafood market
7. Average B-2-B US seafood market price in all segments
8. Latest trends in US seafood market, by every market segment
9. The market size (both volume and value) of the US seafood market in 2024-2030 and every year in between?
10. Production breakup of US seafood market, by suppliers and their OEM relationship