January 24, 2024 — U.S. fresh and frozen seafood sales should stabilize this year after an extremely challenging 2023, retail analysts predicted at the opening plenary session of the 2024 National Fisheries Institute-hosted Global Seafood Market Conference in Orlando, Florida, U.S.A. on 23 January.
In 2023, overall fresh and frozen seafood sales declined due to several overarching factors, including consumers’ reduced spending power due to inflation, subsequent depleted savings, and student debt payments for some.