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Squid Market Size 2025-2029

The squid market size is forecast to increase by USD 2.85 billion at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the increasing popularity of sushi and other squid-based dishes and auaculture market in developed countries. This trend is fueled by the expanding consumer base seeking authentic Asian cuisine experiences. Additionally, the emergence of sustainable aquaculture practices is contributing to the market's expansion, addressing concerns around overfishing and ensuring a steady supply of squid. Another notable trend is the growing demand for vegan seafood alternatives, providing opportunities for companies to cater to the increasing number of consumers adopting plant-based diets. However, challenges persist, including the seasonal availability of wild-caught squid and the need for innovative solutions to ensure a consistent supply throughout the year.
Furthermore, price volatility due to fluctuations in demand and supply dynamics can pose challenges for market participants. Companies seeking to capitalize on market opportunities should focus on sustainable sourcing, innovation in vegan seafood alternatives, and supply chain optimization to mitigate seasonal availability and price volatility issues.

What will be the Size of the Squid Market during the forecast period?

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The market continues to evolve, driven by dynamic population trends and expanding applications across various sectors. Marine biology reveals intriguing insights into these marine invertebrates, shedding light on their role in marine ecosystems and defense mechanisms. The seafood industry capitalizes on squid meat, a valuable source of protein, while sustainable fishing practices and conservation management ensure long-term availability. Marine robotics and remotely operated vehicles facilitate deep-sea exploration, enabling the collection of oceanographic data for food security and scientific research. Sustainable seafood certifications, underwater cameras, and artificial intelligence further optimize fishing practices, minimizing habitat loss and bycatch.
Ocean conservation efforts address challenges such as ocean acidification and climate change, ensuring the health of marine ecosystems and the sustainability of the market. The ongoing unfolding of market activities reveals evolving patterns, with continued research and innovation shaping the future of this dynamic industry.

How is this Squid Industry segmented?

The squid industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Fresh
  Frozen
  Processed


Distribution Channel

  Offline
  Online


Type

  Cuttlefish
  European squid
  Jumbo flying squid
  Argentine shortfin squid
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Italy
    Spain


  APAC

    China
    India
    Japan
    South Korea


  South America

    Peru


  Rest of World (ROW)

By Product Insights

The fresh segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth, with the fresh segment holding a substantial share in 2024. This trend is attributed to the increasing adoption of squid as a high-protein meat alternative and rising consumer awareness of its health benefits. Squid is rich in essential vitamins, including B12 and B6, which support heart health and protect against strokes. Additionally, squid contains selenium and vitamin E. The seafood industry's population dynamics play a crucial role in the market's evolution. The number of seafood consumers is on the rise, leading to an increased demand for squid meat.

Marine robotics, such as remotely operated vehicles, and underwater cameras, facilitate deep-sea exploration and sustainable fishing practices. These techniques ensure the conservation of marine ecosystems and the protection of marine invertebrates, including squid. Sustainable fishing and conservation management practices are essential in maintaining the long-term viability of the market. Sustainable seafood and fresh fish certifications, such as MSC and ASC, promote responsible fishing practices and ensure the sustainability of marine resources. Furthermore, artificial intelligence and model simulations aid in data analysis and habitat loss mitigation. Climate change and ocean acidification pose challenges to the market. Defense mechanisms, such as changing migration patterns and adaptation to environmental changes, are essential for the survival of squid populations.

Ocean conservation efforts and marine protected areas are crucial in preserving squid habitats and ensuring food security. Fishing gea