Fresh Fish - Americas

Americas

Highlights

Revenue in the Fresh Fish market amounts to US$42.34bn in 2024. The market is expected to grow annually by 4.85% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$57bn in 2024).
In relation to total population figures, per person revenues of US$41.64 are generated in 2024.
In the Fresh Fish market, volume is expected to amount to 2.20bn kg by 2029. The Fresh Fish market is expected to show a volume growth of 3.2% in 2025.0.
The average volume per person in the Fresh Fish market is expected to amount to 1.9kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Fresh Fish Market within the Fish & Seafood Market in the Americas is experiencing minimal growth. Factors such as limited supply and competition from alternative protein sources are impacting this growth rate. However, with increasing demand for sustainable and high-quality seafood, the market is expected to see gradual growth in the coming years.

Customer preferences: Consumers in the Fresh Fish Market are increasingly prioritizing sustainability and ethical sourcing when purchasing seafood products. This trend is driven by a growing awareness of the negative impact of overfishing and unsustainable fishing practices on marine ecosystems. As a result, there is a growing demand for certified sustainable seafood and transparency in the supply chain. This shift towards responsible consumption is also influenced by a desire to support local and small-scale fisheries, as well as a preference for seafood that is free from antibiotics and other harmful additives.

Trends in the market: In the Americas, the Fresh Fish Market of the Fish & Seafood Market within The Food market is experiencing a surge in demand for sustainably sourced seafood. This trend is driven by consumer awareness of environmental issues and a growing preference for ethically and environmentally responsible products. As a result, industry stakeholders are investing in sustainable fishing practices and certifications to meet this demand. This trajectory is expected to continue, with potential implications for industry players who fail to adapt to changing consumer preferences.

Local special circumstances: In the Americas, the Fresh Fish Market within the Fish & Seafood Market of The Food market is heavily influenced by the region's vast coastline and abundance of natural resources. This allows for a wide variety of fresh fish to be readily available, contributing to the market's growth. Additionally, regulations in certain countries, such as the United States and Canada, ensure sustainable fishing practices, which further differentiate this market from others. Culturally, seafood is a staple in many diets within the Americas, leading to a strong demand for fresh fish.

Underlying macroeconomic factors: The Fresh Fish Market of the Fish & Seafood Market within The Food market is heavily influenced by macroeconomic factors such as global trade policies, consumer spending, and economic stability. Countries with strong economies and consumer confidence are likely to see increased demand for fresh fish, as consumers are more willing to spend on premium products. On the other hand, economic downturns and trade policies can lead to fluctuations in supply and demand, affecting market prices and profitability for fish suppliers and retailers. Additionally, factors such as environmental regulations and sustainability efforts also play a crucial role in shaping the market, as consumers are increasingly conscious of the impact of their food choices on the environment.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.