U.S Frozen Fillet Market – By Type , By Processing Type , By Origin , By Species Type and By Packaging Opportunity Analysis & Industry Forecast, 2024-2030

Report Code: FBR 0710 Report Format: PDF + Excel

U.S Frozen Fillet Market Overview:

U.S Frozen Fillet Market size is estimated to reach US$4.5 billion by 2030, growing at a CAGR of 5.6% during the forecast period 2024-2030. The U.S. frozen fillet market is witnessing robust growth, driven by several key factors. Time-constrained families increasingly gravitate toward frozen fillets as a convenient meal solution, appreciating their ease of preparation. Rising health consciousness among consumers, coupled with fish's well-documented nutritional profile - particularly its omega-3 fatty acids and protein content - has strengthened market momentum. Contemporary freezing methods have revolutionized product quality, maintaining the sensory characteristics of fillets and positioning them as a compelling substitute for fresh alternatives. Furthermore, the proliferation of digital retail channels has enhanced product accessibility, aligning with consumers' growing inclination toward streamlined shopping experiences.The two major trends shaping the U.S Frozen Fillet Market are the growing popularity of value-added frozen products and the increasing focus on sustainable, traceable sourcing. New product launches in February 2024, including ALDI’s Fremont Fish Market pollock sandwiches and Morey’s Tilapia Sweet Chili, highlighted a trend toward ready to cook, innovative solutions for time conscious consumers. From a sustainability standpoint, Alaska Gold Seafood states frozen seafood has many advantages over fresh. Studies indicate that 23 % of never frozen fish in supermarkets goes to waste. Frozen seafood reduces dependence on high carbon air transportation. Additionally, Alaska Gold Seafood highlights, frozen seafood's advantage of being able to take advantage of seasonal harvests and to provide year-round availability for environmentally conscious consumers.

U.S Frozen Fillet Market - Report Coverage:

The “U.S Frozen Fillet Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the U.S Frozen Fillet Market.

Attribute Segment

By Type

  • Regular Fillet
  • Shank Fillets
  • Fillet Strips/Finger

By Processing Type

  • Skinless and Boneless Fillets
  • Breaded or Battered Fillets
  • Marinated or Seasoned Fillets

By Origin

  • Wild-Caught
  • Farmed

By Species Type

  • Tilapia
  • Cod
  • Salmon
  • Haddock
  • Pollock
  • Others

By Packaging Type

  • Vacuum Packed
  • Tray Packed
  • Others

COVID-19 / Ukraine Crisis - Impact Analysis:  

  • The U.S. frozen food market was significantly impacted by the COVID-19 pandemic, as consumers’ behaviour became more oriented towards convenience as well as long shelf-life products. Increased at home cooking spurred demand for frozen meals, vegetables and snacks as lockdowns and social distancing took hold. Labor shortages and logistical delays hit manufacturers hard making their supply chains suffer as a result. However, many companies responded, cranking up production and improving online delivery of groceries. This transition prompted the frozen foods to become a staple household, guaranteeing steady market growth when times were not steady.
  • Russia-Ukraine war infiltrated global supply chains indirectly affecting the U.S. frozen food market. Grains and sunflower oil produced in Ukraine played a key role as a main producer, which resulted in a supply shortage and price increase for essential ingredients, upping production costs for frozen food manufacturers. In addition, the war also created global energy crises, which boosted refrigeration and transportation costs. Higher retail prices were influenced by these challenges thus making consumers change their purchasing behaviour. However, hurdles excepted, the U.S. market has been resilient, with companies emphasizing locally sourced supply and cost optimization in order to supply and meet consumer demand.

Key Takeaways

Salmon is the Largest Segment

The U.S. frozen fillet market by species type is led by salmon due to the significant demand for the species and its widespread appeal. Global Seafood reports that salmon is the second most consumed seafood in the United States, with annual consumption reaching 918 million pounds proving its importance to American diets. Salmon is a much-valued food, for its exceptional nutritional profile, such as high omega 3 fatty acids and premium protein content, which is popular among health-conscious consumers. Its versatility also increases its demand as it can be used in many culinary applications. Wild caught and farmed salmons are readily available to meet the varied consumer preferences and budgets. In addition, salmon's strong presence across retail and foodservice channels guarantees it will remain a market leader in the U.S. frozen fillet market.

Vacuum Packed to Grow the Fastest

In the U.S. Frozen Fillet Market, the vacuum packed segment is expected to grow with the fastest CAGR during the forecast period due to their extended shelf life, freshness retention and convenience. The vacuum-sealing process removes air, minimizing oxidation and preventing freezer burn,which helps maintain the quality and flavor of the fillets. This packaging format is particularly appealing to health-conscious consumers who prioritize fresh-tasting and nutrient-rich food options. Globally, nearly a third of all food produced is discarded, according to Alcimed’s report. This highlights a severe inefficiency in the food supply chain. Vacuum packaging directly addresses this problem by improving the shelf life of food which in turn reduces the likelihood of food being thrown away. Additionally, vacuum-packed fillets are gaining traction among busy households for their portion-controlled packaging and easy storage. As retailers and food manufacturers focus on sustainability, vacuum-sealed packaging often incorporates recyclable or eco-friendly materials aligning with growing consumer preferences. The demand for vacuum-packed frozen fillets is also supported by advancements in packaging technology, which ensures airtight sealing and tamper-proof designs, further enhancing their appeal in the U.S. frozen seafood market.

Increasing Preference for Convenience Foods Drives the Demand

The U.S. Frozen Fillet Market is majorly driven by growing preference for convenience foods, which is associated with broader dietary trends. The increasing reliance on quick and easy meal options is reflected in the fact that ultra processed foods (UPFs) now make up more than half of the daily calories consumed in America, according to Ballard Brief. The Johns Hopkins Bloomberg School of Public Health further states, the consumption of UPFs at home is rising more rapidly as compared to outside, indicating growing demand for convenient, ready to cook or ready to eat foods. This trend fits in well with frozen fillets, which are convenient, nutritious alternatives to other highly processed options. The modern consumer's busy lifestyle is catered to by their longer shelf life, ease of preparation and availability in different types. With more households placing convenience first, frozen fillets are a go-to solution, being driven by the preference for convenience foods.

Health Awareness and Nutritional Value Boosts the Market

The US Frozen Fillet Market is driven by the awareness of health and the importance of nutritional value. A 2023 Food Industry Association report shows that two thirds of food shoppers are willing to switch to brands that offer more comprehensive product details. It highlights how consumer demand for transparency in nutrition and ingredients has never been higher, with over 66% of consumers still prioritizing this. Frozen fillets are an effective answer to this trend, providing a high protein, low fat option that meets the needs of today’s health-conscious consumers. In addition, their packaging usually mentions essential nutritional information to help shoppers make informed decisions. Frozen fillets have gained popularity in the market because as more people look for products that are convenient and have health benefits, they are a nutritious and transparent food choice.

Usage of Additives and Preservatives to Hamper the Market

Usage of additives and preservatives is a major challenge in the U.S. Frozen Fillet Market, which affects consumer trust and the market growth. The Healthy Fish notes that many frozen seafood products contain additives like sodium tripolyphosphate (STPP) to keep moisture in, artificial coloring to make them look pretty, and preservatives to keep them on the shelf longer. These are convenient and attractive, but they have consumers worried about their health, as they seek natural and minimally processed options. On the other hand, high sodium content is a problem, especially high sodium content, because high intake of sodium is related to many health problems including hypertension. Furthermore, a perception of frozen fillets as less healthy alternatives is compounded by concerns about antibiotics and hormones in seafood. Consumers are becoming more aware of food safety and ingredient transparency and scrutinizing product labels. These additives may turn off health conscious buyers, a critical challenge to producers trying to achieve a balance between product quality and consumer expectations. 

U.S Frozen Fillet Market

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Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the U.S Frozen Fillet Market. The top 10 companies in the U.S Frozen Fillet Market are:
Gorton's Inc

  1. American Seafoods Group LLC
  2. Orca Bay Foods LLC
  3. High Liner Foods Incorporated
  4. Trident Seafoods Corporation
  5. Pacific Seafood Group
  6. Aqua Star (USA) Corp.
  7. Van de Kamp's, Inc.
  8. SeaPak Shrimp and Seafood Co.
  9. Sam's West, Inc.

Scope of Report: 

Report Metric Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

5.6%

Market Size in 2030

$4.5 billion

Segments Covered

By Processing Type, By Origin, By Species Type and By Packaging

Key Market Players

  1. Gorton's Inc
  2. American Seafoods Group LLC
  3. Orca Bay Foods LLC
  4. High Liner Foods Incorporated
  5. Trident Seafoods Corporation
  6. Pacific Seafood Group
  7. Aqua Star (USA) Corp.
  8. Van de Kamp's, Inc.
  9. SeaPak Shrimp and Seafood Co.
  10. Sam's West, Inc.

 

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  1.    U.S Frozen Fillet Market - Market Overview
      1.1.    Definitions and Scope 
  2.    U.S Frozen Fillet Market - Executive Summary
      2.1.    Key Trends by Processing Type
      2.2.    Key Trends by Origin
      2.3.    Key Trends by Species Type
      2.4.    Key Trends by Packaging
  3.    U.S Frozen Fillet Market – Comparative analysis 
      3.1.    Market Share Analysis- Major Companies
      3.2.    Product Benchmarking- Major Companies
      3.3.    Top 5 Financials Analysis
      3.4.    Patent Analysis- Major Companies
      3.5.    Pricing Analysis (ASPs will be provided)
  4.    U.S Frozen Fillet Market - Startup companies Scenario Premium
      4.1.    Investment
      4.2.    Revenue
      4.3.    Product portfolio
      4.4.    Venture Capital and Funding Scenario
  5.    U.S Frozen Fillet Market – Industry Market Entry Scenario Premium 
      5.1.    Regulatory Framework Overview
      5.2.    New Business and Ease of Doing Business Index
      5.3.    Successful Venture Profiles
      5.4.    Customer Analysis – Major companies
  6.    U.S Frozen Fillet Market - Market Forces
      6.1.    Market Drivers
      6.2.    Market Constraints
      6.3.    Porters Five Force Model
            6.3.1.    Bargaining Power of Suppliers
            6.3.2.    Bargaining Powers of Buyers
            6.3.3.    Threat of New Entrants
            6.3.4.    Competitive Rivalry
            6.3.5.    Threat of Substitutes 
  7.    U.S Frozen Fillet Market – Strategic Analysis
      7.1.    Value/Supply Chain Analysis
      7.2.    Opportunity Analysis
      7.3.    Product/Market Life Cycle
      7.4.    Distributor Analysis – Major Companies 
  8.    U.S Frozen Fillet Market- By Type (Market Size –$Million/$Billion)
      8.1 Regular Fillet
      8.2 Shank Fillets 
      8.3 Fillet Strips/Finger
  9.    Fillet Market – By Processing Type (Market Size –$Million/$Billion)
      9.1.    Skinless and Boneless Fillets
      9.2.    Breaded or Battered Fillets
      9.3.    Marinated or Seasoned Fillets
  10.    U.S Frozen Fillet Market – By Origin (Market Size –$Million/$Billion)
      10.1.    Wild-Caught
      10.2.    Farmed
  11.    U.S Frozen Fillet Market – By Species Type (Market Size –$Million/$Billion)
      11.1.    Tilapia
      11.2.    Cod
      11.3.    Salmon
      11.4.    Haddock
      11.5.    Pollock
      11.6.    Others
  12.    U.S Frozen Fillet Market – By Packaging (Market Size –$Million/$Billion)
      12.1.    Vacuum Packed
      12.2.    Tray Packed
      12.3.    Others
  13.    U.S Frozen Fillet Market – Entropy
      13.1.     New Product Launches
      13.2.    M&As, Collaborations, JVs and Partnerships
  14.    U.S Frozen Fillet Market – Industry/Segment Competition Analysis 
      14.1.    Company Benchmarking Matrix – Major Companies
      14.2.    Market Share by Key Application - Major companies
      14.3.    Market Share by Key Product Type/Product category - Major companies
  15.    U.S Frozen Fillet Market – Key Company List 
  16.    U.S Frozen Fillet Market Company Analysis – 
      16.1.    Gorton's Inc
      16.2.    American Seafoods Group LLC
      16.3.    Orca Bay Foods LLC
      16.4.    High Liner Foods Incorporated
      16.5.    Trident Seafoods Corporation
      16.6.    Pacific Seafood Group
      16.7.    Aqua Star (USA) Corp.
      16.8.    Van de Kamp's, Inc.
      16.9.    SeaPak Shrimp and Seafood Co.
      16.10.    Sam's West, Inc.
  "Financials to the Private Companies would be provided on best-effort basis."
   

The U.S Frozen Fillet Market is forecast to grow at 5.6% during the forecast period 2024-2030

The U.S Frozen Fillet Market size is projected to reach US$4.5 billion by 2030

The leading players are Gorton\'s Inc, American Seafoods Group LLC, Orca Bay Foods LLC, High Liner Foods Incorporated, Trident Seafoods Corporation and others.

Growing popularity of value-added frozen products and the increasing focus on sustainable, traceable sourcing are the major trends in the market.

Increasing consumer preference for convenience foods, health awareness and nutritional value, advancements in freezing technology, growth in e-commerce and online grocery platforms are driving the U.S Frozen Fillet Market growth.