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.
Free Valuable Insights: The Frozen Hake Market is Predict to reach USD 2.2 Billion by 2031, at a CAGR of 7.0%
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.
By Species
By Form
By Distribution Channel
By Country
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