PUBLISHER: KBV Research | PRODUCT CODE: 1548727
PUBLISHER: KBV Research | PRODUCT CODE: 1548727
North America Frozen Hake Market Size, Share & Trends Analysis Report By Species, By Form, By Distribution Channel, By Country and Growth Forecast, 2024 - 2031
The North America Frozen Hake Market would witness market growth of 6.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America Frozen Hake Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $440.1 million by 2031. The Canada market is experiencing a CAGR of 8.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.9% during (2024 - 2031).
Frozen hake refers to hake fish processed and preserved through freezing. Hake is a white fish found in the Atlantic and Pacific Oceans, known for its mild flavour and firm, flaky texture. It's commonly used in culinary preparations, including fish fillets and sticks. Frozen hake is a staple in home kitchens because it offers convenience and flexibility. Consumers can easily store frozen hake in their freezers and use it for various recipes. The fish can be baked, grilled, fried, or poached, making it suitable for various dishes, from simple meals to gourmet preparations. Recipes include fish tacos, baked hake with vegetables, fish pies, and seafood pasta.
In addition, the retail Channel features value-added frozen hake products designed for convenience. These include pre-seasoned fillets, breaded hake, and frozen hake portions ready to cook. Such products appeal to busy consumers who seek quick meal solutions without compromising taste or quality. Frozen hake is often sold in family-sized packs, catering to larger households and providing an economical option for regular consumption. These packs are ideal for meal planning and ensure families enjoy nutritious seafood regularly.
The growth of Canada's food and beverage industry includes expanding restaurants and food service establishments. Many of these venues are incorporating frozen hake into their menus, driven by consumer demand for diverse and high-quality seafood options. As more restaurants and eateries offer dishes featuring frozen hake, the market for this product experiences a boost. According to the Government of Canada, in 2022, the food and beverage processing industry was the leading manufacturing sector in Canada by production value, with goods manufactured amounting to $156.5 billion. In 2022, processed food and beverage product exports hit a record $54.3 billion, reflecting a 14.1% rise from 2021 and accounting for 34.7% of the industry's total production value.
With the growth of the food and beverage sector, retail chains are expanding their seafood offerings, including frozen hake. Supermarkets and specialty stores increasingly stock frozen hake to meet consumer preferences for convenient and ready-to-cook seafood products. This rise in retail availability supports increased consumer access and consumption. Hence, North America's growing food and beverage processing sector is expected to boost the demand for frozen hake in the region.
Based on Species, the market is segmented into Atlantic Hake, Pacific Hake, and Others. Based on Form, the market is segmented into Frozen Hake Fillets, Frozen Whole Hake, and Others. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Local Distributors, and Online Channels. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Nueva Pescanova, S.L.
- Oceana Group
- Pacific Seafood Group
- Maruha Nichiro Corporation
- Profand Fishing Holding S.L.
- Royal Greenland A/S
- Unilever PLC
- Thai Union Group PLC
- High Liner Foods
- Kingsun Foods Co., Ltd
North America Frozen Hake Market Report Segmentation
By Species
- Atlantic Hake
- Pacific Hake
- Others
By Form
- Frozen Hake Fillets
- Frozen Whole Hake
- Others
By Distribution Channel
- Supermarkets & Hypermarkets
- Local Distributors
- Online Channels
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Frozen Hake Market, by Species
- 1.4.2 North America Frozen Hake Market, by Form
- 1.4.3 North America Frozen Hake Market, by Distribution Channel
- 1.4.4 North America Frozen Hake Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
Chapter 4. North America Frozen Hake Market by Species
- 4.1 North America Atlantic Hake Market by Country
- 4.2 North America Pacific Hake Market by Country
- 4.3 North America Others Market by Country
Chapter 5. North America Frozen Hake Market by Form
- 5.1 North America Frozen Hake Fillets Market by Country
- 5.2 North America Frozen Whole Hake Market by Country
- 5.3 North America Others Market by Country
Chapter 6. North America Frozen Hake Market by Distribution Channel
- 6.1 North America Supermarkets & Hypermarkets Market by Country
- 6.2 North America Local Distributors Market by Country
- 6.3 North America Online Channels Market by Country
Chapter 7. North America Frozen Hake Market by Country
- 7.1 US Frozen Hake Market
- 7.1.1 US Frozen Hake Market by Species
- 7.1.2 US Frozen Hake Market by Form
- 7.1.3 US Frozen Hake Market by Distribution Channel
- 7.2 Canada Frozen Hake Market
- 7.2.1 Canada Frozen Hake Market by Species
- 7.2.2 Canada Frozen Hake Market by Form
- 7.2.3 Canada Frozen Hake Market by Distribution Channel
- 7.3 Mexico Frozen Hake Market
- 7.3.1 Mexico Frozen Hake Market by Species
- 7.3.2 Mexico Frozen Hake Market by Form
- 7.3.3 Mexico Frozen Hake Market by Distribution Channel
- 7.4 Rest of North America Frozen Hake Market
- 7.4.1 Rest of North America Frozen Hake Market by Species
- 7.4.2 Rest of North America Frozen Hake Market by Form
- 7.4.3 Rest of North America Frozen Hake Market by Distribution Channel
Chapter 8. Company Profiles
- 8.1 Nueva Pescanova, S.L
- 8.1.1 Company Overview
- 8.1.2 SWOT Analysis
- 8.2 Oceana Group
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 SWOT Analysis
- 8.3 Pacific Seafood Group
- 8.3.1 Company Overview
- 8.3.2 SWOT Analysis
- 8.4 Maruha Nichiro Corporation
- 8.4.1 Company Overview
- 8.5 Profand Fishing Holding S.L.
- 8.5.1 Company Overview
- 8.5.2 SWOT Analysis
- 8.6 Royal Greenland A/S
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 SWOT Analysis
- 8.7 Unilever PLC
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Research & Development Expense
- 8.7.5 SWOT Analysis
- 8.8 Thai Union Group PLC
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expense
- 8.8.5 SWOT Analysis
- 8.9 High Liner Foods
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 SWOT Analysis
- 8.10. Kingsun Foods Co., Ltd
- 8.10.1 Company Overview
- 8.10.2 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Frozen Hake Market, 2020 - 2023, USD Million
- TABLE 2 North America Frozen Hake Market, 2024 - 2031, USD Million
- TABLE 3 North America Frozen Hake Market by Species, 2020 - 2023, USD Million
- TABLE 4 North America Frozen Hake Market by Species, 2024 - 2031, USD Million
- TABLE 5 North America Atlantic Hake Market by Country, 2020 - 2023, USD Million
- TABLE 6 North America Atlantic Hake Market by Country, 2024 - 2031, USD Million
- TABLE 7 North America Pacific Hake Market by Country, 2020 - 2023, USD Million
- TABLE 8 North America Pacific Hake Market by Country, 2024 - 2031, USD Million
- TABLE 9 North America Others Market by Country, 2020 - 2023, USD Million
- TABLE 10 North America Others Market by Country, 2024 - 2031, USD Million
- TABLE 11 North America Frozen Hake Market by Form, 2020 - 2023, USD Million
- TABLE 12 North America Frozen Hake Market by Form, 2024 - 2031, USD Million
- TABLE 13 North America Frozen Hake Fillets Market by Country, 2020 - 2023, USD Million
- TABLE 14 North America Frozen Hake Fillets Market by Country, 2024 - 2031, USD Million
- TABLE 15 North America Frozen Whole Hake Market by Country, 2020 - 2023, USD Million
- TABLE 16 North America Frozen Whole Hake Market by Country, 2024 - 2031, USD Million
- TABLE 17 North America Others Market by Country, 2020 - 2023, USD Million
- TABLE 18 North America Others Market by Country, 2024 - 2031, USD Million
- TABLE 19 North America Frozen Hake Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 20 North America Frozen Hake Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 21 North America Supermarkets & Hypermarkets Market by Country, 2020 - 2023, USD Million
- TABLE 22 North America Supermarkets & Hypermarkets Market by Country, 2024 - 2031, USD Million
- TABLE 23 North America Local Distributors Market by Country, 2020 - 2023, USD Million
- TABLE 24 North America Local Distributors Market by Country, 2024 - 2031, USD Million
- TABLE 25 North America Online Channels Market by Country, 2020 - 2023, USD Million
- TABLE 26 North America Online Channels Market by Country, 2024 - 2031, USD Million
- TABLE 27 North America Frozen Hake Market by Country, 2020 - 2023, USD Million
- TABLE 28 North America Frozen Hake Market by Country, 2024 - 2031, USD Million
- TABLE 29 US Frozen Hake Market, 2020 - 2023, USD Million
- TABLE 30 US Frozen Hake Market, 2024 - 2031, USD Million
- TABLE 31 US Frozen Hake Market by Species, 2020 - 2023, USD Million
- TABLE 32 US Frozen Hake Market by Species, 2024 - 2031, USD Million
- TABLE 33 US Frozen Hake Market by Form, 2020 - 2023, USD Million
- TABLE 34 US Frozen Hake Market by Form, 2024 - 2031, USD Million
- TABLE 35 US Frozen Hake Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 36 US Frozen Hake Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 37 Canada Frozen Hake Market, 2020 - 2023, USD Million
- TABLE 38 Canada Frozen Hake Market, 2024 - 2031, USD Million
- TABLE 39 Canada Frozen Hake Market by Species, 2020 - 2023, USD Million
- TABLE 40 Canada Frozen Hake Market by Species, 2024 - 2031, USD Million
- TABLE 41 Canada Frozen Hake Market by Form, 2020 - 2023, USD Million
- TABLE 42 Canada Frozen Hake Market by Form, 2024 - 2031, USD Million
- TABLE 43 Canada Frozen Hake Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 44 Canada Frozen Hake Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 45 Mexico Frozen Hake Market, 2020 - 2023, USD Million
- TABLE 46 Mexico Frozen Hake Market, 2024 - 2031, USD Million
- TABLE 47 Mexico Frozen Hake Market by Species, 2020 - 2023, USD Million
- TABLE 48 Mexico Frozen Hake Market by Species, 2024 - 2031, USD Million
- TABLE 49 Mexico Frozen Hake Market by Form, 2020 - 2023, USD Million
- TABLE 50 Mexico Frozen Hake Market by Form, 2024 - 2031, USD Million
- TABLE 51 Mexico Frozen Hake Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 52 Mexico Frozen Hake Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 53 Rest of North America Frozen Hake Market, 2020 - 2023, USD Million
- TABLE 54 Rest of North America Frozen Hake Market, 2024 - 2031, USD Million
- TABLE 55 Rest of North America Frozen Hake Market by Species, 2020 - 2023, USD Million
- TABLE 56 Rest of North America Frozen Hake Market by Species, 2024 - 2031, USD Million
- TABLE 57 Rest of North America Frozen Hake Market by Form, 2020 - 2023, USD Million
- TABLE 58 Rest of North America Frozen Hake Market by Form, 2024 - 2031, USD Million
- TABLE 59 Rest of North America Frozen Hake Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 60 Rest of North America Frozen Hake Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 61 Key Information - Nueva Pescanova, S.L
- TABLE 62 Key Information - Oceana Group
- TABLE 63 Key Information - Pacific Seafood Group
- TABLE 64 Key information - Maruha Nichiro Corporation
- TABLE 65 Key Information - Profand Fishing Holding S.L.
- TABLE 66 Key Information - Royal Greenland A/S
- TABLE 67 Key Information - Unilever PLC
- TABLE 68 Key Information - Thai Union Group PLC
- TABLE 69 Key Information - High Liner Foods
- TABLE 70 Key Information - Kingsun Foods Co., Ltd
