Canada Frozen Sea Food Market Outlook

Synopsis
The above chart is Canada Frozen Sea Food Market Outlook (2018 to 2032)

Market Dynamics

the canadian frozen seafood industry is expected to experience significant growth over the next fifteen years. as the demand for fresh fish has dropped due to global overfishing, the industry has shifted focus to frozen seafood. this is especially true in atlantic canada, where the production of farmed atlantic salmon has increased significantly in the past decade. as the frozen seafood market increases in canada, so does the demand for the varieties of seafood available. the country has long been known as an exporter of fish and seafood, producing mostly farmed salmon, cod, mackerel, haddock, and shrimp. this product diversity makes canadian frozen seafood attractive to international markets, though it has yet to be able to capitalise on this potential. to better take advantage of the growing industry, canada must focus on improving its occupancy rate. currently, production capacity is outpaced by demand, with many warehouses and distribution centres reaching full capacity faster than new ones can be built. this has forced some canadian companies to outsource their production, taking away potential revenue from the country. in order to maintain their presence in the international market, canadian seafood companies must also focus on sustainability. as the demand for seafood is expected to increase by 25-35% over the next 15 years, mitigating overfishing through the implementation of conservation measures, such as catch limits, is essential for the longevity of the frozen seafood industry. the canadian frozen seafood industry is boosted by its track record of high-quality product and sustainability, which in turn helps increase export demand. as this industry enjoys increasing demand domestically and internationally, canada must focus on increasing capacity and implementing conservation measures in order to build upon its success.