The Seafood Market Report is Segmented by Seafood Type (Fish, Shrimp, and More), Form (Canned, Frozen, and More), Source (Farmed and Wild-Caught), Distribution Channel (On-Trade and Off-Trade), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Tons).

The Seafood sales reached USD 1,10,200.0 million in 2022, worldwide demand for Seafood shows a year-on-year growth of 1.7% in 2023 and thus, the target product sales are expected to reach USD 110 billion in 2024. Over the projection period (2024 to 2034), global Seafood sales are projected to rise at a compound annual growth rate (CAGR) of 3.1% and reach a sales size of USD 149 billion by 2034 end.

Attributes	Description
Estimated Global Seafood Market Value (2024E)	USD 110 billion
Projected Global Seafood Market Value (2034F)	USD 149 billion
Value-based CAGR (2024 to 2034)	3.1%

Semi-annual Market Update for Seafood Market

Particular	Value CAGR
H1	1.7% (2023 to 2033)
H2	2.1% (2023 to 2033)
H1	2.8% (2024 to 2034)
H2	3.1% (2024 to 2034)

Analysis of Top Countries, Producing, Formulating, Packaging, Distributing, and Consuming Seafood

Countries	CAGR 2024 to 2034
China	4.2%
USA	5.7%
India	6.5%

Seafood Industry Analysis by Top Investment Segments

Segment	Natural (By Nature)
Value Share (2024)	62.6%

Segment	Food (By End-use)
Value Share (2024)	77.4%

Over the last two observations, the revenue is forecast to significantly increase in the seafood segments. The trend observed from 2018 to 2030 remains ********** throughout the entire forecast period.

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Seafood Market Size 2025-2029

The seafood market size is forecast to increase by USD 390.9 billion, at a CAGR of 19% between 2024 and 2029.

The market continues to evolve, driven by various factors that shape its dynamics. One significant trend is the increasing consumer awareness regarding the health benefits of seafood, leading to a growing demand for sustainable and responsibly sourced seafood products. This consciousness extends beyond traditional markets and influences the online retail sector, which is experiencing a rise in popularity. On the other hand, the depletion of sea species poses a challenge to the industry's sustainability. According to recent studies, overfishing has led to a decline in certain fish populations, necessitating the need for more stringent regulations and sustainable fishing practices. Furthermore, the market is segmented into various categories, including wild-caught seafood, farmed seafood, and processed seafood, each with unique challenges and opportunities.
This issue is further compounded by the rise of illegal, unreported, and unregulated (IUU) fishing, which undermines the efforts of responsible market players. Despite these challenges, the market remains a vibrant and diverse sector, with numerous applications across various industries, including food service, retail, and aquaculture. The ongoing unfolding of market activities and evolving patterns offers opportunities for businesses to adapt and innovate, ensuring their continued relevance and growth. For instance, the food service industry is embracing the trend towards sustainable and locally sourced seafood, while retailers are investing in online platforms to cater to the changing consumer preferences.
Aquaculture, meanwhile, is exploring new technologies and practices to address the challenges of sustainable production and meet the growing demand for seafood. In terms of numerical data, the market's value share of the global food industry is estimated to be around 14%, with online sales accounting for approximately 10% of total retail sales. These figures underscore the market's significance and the potential for growth in the digital realm. However, it is crucial for businesses to navigate the complex regulatory landscape and adopt sustainable practices to ensure long-term success. These technologies optimize optimization of cold chain logistics for seafood, enhance improvement of seafood safety through innovative packaging, and support the development of novel seafood preservation techniques.

Major Market Trends & Insights

APAC dominated the market and accounted for a 38% during the forecast period.
The market is expected to grow significantly in Europe as well over the forecast period.
By the Type, the Fish sub-segment was valued at USD 143.00 billion in 2023
By the Distribution Channel, the Offline sub-segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 255.41 billion
Future Opportunities: USD 390.90 billion 
CAGR : 19%
APAC: Largest market in 2023

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

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The market is a dynamic and evolving industry, encompassing various sectors and applications. This marketplace witnesses continuous unfolding of activities and patterns, with a focus on innovation and sustainability. According to the latest market data, seafood consumption exhibits a steady growth trajectory. Approximately 22.3% of the global population currently consumes seafood regularly. This trend is expected to continue, with industry experts projecting a 15.2% increase in demand over the next decade. A significant portion of the seafood industry's growth is attributed to advancements in processing technologies. Irradiation processing, for instance, has gained traction due to its ability to extend shelf life and improve food safety.
Oceanographic data analysis and catch data analysis are other key areas where technology plays a pivotal role, enabling more efficient fishing practices and sustainable harvesting techniques. Comparing numerical data from the provided market information, we observe a notable increase in the adoption of antimicrobial packaging and high-pressure processing. Antimicrobial packaging saw a 13.7% increase in market share in the last year, while high-pressure processing experienced a 10.5% growth in demand during the same period. These figures underscore the industry's commitment to enhancing product quality, safety, and shelf life 
Invasive species control, habitat restoration projects, and disease outbreak prediction are other areas where the market is making strides. These initiatives aim to mitigate the impact of climate change and promote marine ecosystem health. Processing yield optimization, nutrient cycling models, and aquaculture efficiency metrics are additional

The Global Seafood Market Size Was Worth USD 359 Billion in 2023 and Is Expected To Reach USD 838 Billion by 2032, CAGR of 11%.

The Frozen and Canned Seafood Market Report is Segmented by Form (Frozen and Canned), Type (Fish, Shrimp, and Others), Distribution Channel (On-Trade and Off-Trade), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Tons).

Processed Seafood Market size was valued at USD 242.24 Billion in 2024 and is projected to reach USD 358.17 Billion by 2031, growing at a CAGR of 5.01% during the forecasted period 2024 to 2031.

The processed seafood market is primarily driven by increasing consumer demand for convenient and ready-to-eat food options, coupled with growing health consciousness and awareness of the nutritional benefits of seafood consumption. Additionally, factors such as rising disposable incomes, urbanization, and changing lifestyles contribute to the market's expansion as consumers seek convenient meal solutions. Furthermore, advancements in food processing technologies, packaging innovations, and transportation infrastructure enhance the availability and shelf life of processed seafood products, driving market growth. Moreover, the burgeoning trend of seafood sustainability and certifications, along with the expansion of e-commerce platforms, further propel the market forward by offering consumers a wider variety of sustainably sourced and conveniently accessible seafood products.

Seafood Market Outlook

According to our latest research, the global seafood market size in 2024 stands at USD 645.7 billion, demonstrating robust demand across both developed and emerging economies. The market is experiencing a healthy growth trajectory, with a compound annual growth rate (CAGR) of 4.3% from 2025 to 2033. By the end of 2033, the seafood market is forecasted to reach approximately USD 930.1 billion. This upward trend is primarily driven by rising consumer awareness regarding the health benefits of seafood, expanding aquaculture production, and the increasing popularity of value-added and convenience seafood products. As per our latest research, the industry is also witnessing significant investments in sustainable fishing practices and supply chain innovations, further fueling its expansion.

One of the most significant growth factors propelling the global seafood market is the mounting consumer preference for protein-rich and low-fat dietary options. With the prevalence of lifestyle-related diseases such as obesity and cardiovascular disorders, there is a marked shift toward healthier food choices, where seafood stands out for its high-quality protein, omega-3 fatty acids, and essential nutrients. This nutritional profile has not only increased household consumption but also prompted foodservice providers to diversify their seafood offerings. Additionally, the proliferation of health and wellness trends, coupled with endorsements from nutritionists and health organizations, has further augmented the demand for various seafood products, both in traditional and emerging markets.

Another pivotal driver for the seafood market is the rapid expansion of aquaculture, which now accounts for a substantial portion of global seafood supply. Technological advancements in aquaculture have enabled higher yields, improved disease management, and reduced environmental impact, making farmed seafood more accessible and affordable. Furthermore, the integration of digital technologies and automation in aquaculture operations has enhanced supply chain transparency and traceability, addressing consumer concerns about food safety and sustainability. These innovations have not only expanded the variety of seafood available in the market but also contributed to stabilizing prices and ensuring year-round supply, thereby supporting consistent market growth.

The seafood market is also benefiting from evolving consumer lifestyles and the rising demand for convenient, ready-to-cook, and ready-to-eat seafood products. Urbanization, increasing disposable incomes, and busier lifestyles have led to a surge in demand for processed and packaged seafood, particularly in metropolitan areas. The growth of modern retail formats, such as supermarkets and hypermarkets, along with the rapid expansion of online retail channels, has made seafood more accessible to a broader consumer base. These distribution channels offer a wide variety of products, competitive pricing, and improved product visibility, which have collectively contributed to the robust growth of the seafood market globally.

Regionally, Asia Pacific continues to dominate the global seafood market, accounting for the largest share in both production and consumption. Countries such as China, India, and Indonesia are leading contributors, driven by their extensive aquaculture industries and high per capita seafood consumption. North America and Europe follow, with steady growth fueled by increasing health consciousness and demand for premium and sustainable seafood options. Meanwhile, Latin America and the Middle East & Africa are emerging as promising markets, supported by expanding distribution networks and rising consumer awareness. Each region presents unique opportunities and challenges, shaped by local dietary preferences, regulatory frameworks, and economic conditions.

Product Type Analysis

The seafood market is broadly segmented by product type into fish, crustaceans, mollusks, and others. Fish re

According to Cognitive Market Research, the global Seafood Processing market size was USD 2518.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1007.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 755.5 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 579.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 125.9 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 50.37 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The Multi-Function Equipment Category held the highest Seafood Processing market revenue share in 2024.

Market Dynamics of Seafood Processing Market

Key Drivers for Seafood Processing Market

Growth of the aquaculture industry to Increase the Demand Globally:

The market for captured fish production has remained stagnant over the past few decades, leading to an increased reliance on aquaculture. As a result, aquaculture has emerged as the fastest-growing food production industry, with a rising number of fisheries. Projections indicate that aquaculture production will reach 109 million tons by 2030. Moreover, The growth of the aquaculture industry is driving a significant increase in global demand for sustainable and efficient solutions in food production. As the global population continues to rise, the demand for seafood is also escalating, making aquaculture an increasingly vital source of protein. Advances in aquaculture technologies, such as improved breeding techniques, better water management systems, and more efficient feed formulations, are helping to boost production. Additionally, with the increasing focus on sustainability, there is a rising demand for eco-friendly and resource-efficient aquaculture practices. This growth in the industry is also contributing to economic development in coastal regions and improving food security worldwide.

Growing Awareness for Seafood Products to Propel Market Growth:

Awareness of the health benefits associated with seafood consumption, such as its high protein content, omega-3 fatty acids, vitamins, and minerals, is on the rise. This has led to increased consumption rates, especially in developed regions. Moreover, As consumers become more conscious of the nutritional value of seafood, such as its high protein content, omega-3 fatty acids, and low-fat profile, demand for these products is rising. Additionally, increasing concerns over environmental sustainability are driving the preference for responsibly sourced and eco-friendly seafood. This trend is pushing both producers and retailers to adopt better sourcing practices, implement traceability systems, and offer certified sustainable products. As a result, the market for seafood is expected to continue expanding, driven by a more informed and health-conscious consumer base.

Key Restraint Factor for the Seafood Processing Market

Environmental and Sustainability Concerns to Limit the Sales:

The depletion of wild fish stocks from overfishing presents a serious threat to the seafood industry. Overfishing can result in stricter regulations and reduced catch limits, affecting the availability of raw materials for processing. Additionally, pollution in oceans and waterways—such as plastic waste, oil spills, and chemical contaminants—can compromise the quality and safety of seafood, leading to heightened scrutiny and potential supply disruptions. Climate change, causing shifts in ocean temperatures, acidification, and altered marine ecosystems, also impacts fish populations and migration patterns, creating uncertainties in seafood supply. Moreover, as consumers and regulators alike push for more eco-friendly practices. The seafood industry faces pressure to reduce its carbon footprint, minimize waste, and adopt sustainable sourcing practices ...

The Canned Seafood Market Report Segments the Industry Into Type (Canned Fish, Canned Shrimp, Canned Prawns, Other Types), Packaging Material (Steel Cans, Aluminum Cans, Retort Pouches, Others), Product Form (Whole, Chunks/Pieces) Distribution Channel (On-Trade, Off-Trade), and Geography (North America, Europe, Asia-Pacific, South America, Middle East, Africa). The Market Forecasts are Provided in Terms of Value (USD).

Discover the booming global seafood market! This comprehensive analysis explores market size, CAGR, key drivers, trends, and restraints, examining segments like canned, frozen, and fresh seafood across major regions. Learn about leading companies and future growth projections until 2033. Recent developments include: October 2023: Nippon Suisan Kaisha Ltd announced the commencement of white-leg shrimp land based business with an expectation of annual production reaching 100 tonnes by end of 2023.April 2023: Thai Union joins marine debris cleanup program with Samut Sakhon City Development to help protect local environment.March 2023: Mowi ASA has built a new state of the art facility at Hitra in Norway for the production of seafood.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The global seafood processing equipment market size reached USD 2.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 3.1 Billion by 2033, exhibiting a growth rate (CAGR) of 4.1% during 2025-2033. Asia Pacific currently dominates the market, holding a significant market share of over 42.5% in 2024. The rising seafood consumption, ongoing advancements in technology, increasing focus on food safety, growing demand for frozen and ready-to-eat (RTE) products, and the expansion of aquaculture practices to meet global protein needs are some of the key factors strengthening the market growth.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 2.1 Billion
Market Forecast in 2033	USD 3.1 Billion
Market Growth Rate (2025-2033)	4.1%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on seafood type, equipment type, distribution channel and region.

In 2024, the frozen seafood market was valued at USD 21,995.1 million. Frozen seafood demand showed growth in 2025 implying that the international market would be pegged at USD 23,380.7 million by 2025. During the forecast period (2025-2035), global sales are estimated to display an impressive 5.7% CAGR and be valued at USD 45,094.4 million by end of 2035.

Attributes	Description
Estimated Global Frozen Seafood Industry Size (2025E)	USD 23,380.7 million
Projected Global Frozen Seafood Industry Value (2035F)	USD 45,094.4 million
Value-based CAGR (2025 to 2035)	5.7%

Semi-Annual Market Update

Particular	Value CAGR
H1(2024 to 2034)	5.3%
H2(2024 to 2034)	5.5%
H1(2025 to 2035)	5.6%
H2(2025 to 2035)	5.7%

Country-wise Insights

Country	CAGR2025 to 2035
USA	3.4%
Germany	2.1%
China	4.7%
Japan	0.8%
India	5.5%

Category-Wise Insights

Segment	Value Share (2025)
Processed (By Form)	41.5%

Segment	Value Share (2025)
Retail/Household (By End Use)	37.8%

Explore the dynamic global seafood market analysis, forecast to reach $483 billion by 2033. Discover key growth drivers, emerging trends, market restraints, and regional insights for seafood, fish, shrimp, and shellfish.

Snapshot img

Fresh Fish and Seafood Market Size 2024-2028

The fresh fish and seafood market size is forecast to increase by USD 65.06 billion, at a CAGR of 3.95% between 2023 and 2028.

The market is witnessing significant growth, driven by the increasing awareness of the health benefits associated with seafood consumption. This trend is particularly noticeable among health-conscious consumers, who are seeking to incorporate more nutrient-rich foods into their diets. Another key driver in the market is the rising demand for premiumization of seafood. Seafood is rich in essential nutrients such as protein, omega-3 fatty acids, and vitamins, making it a preferred choice for health-conscious consumers. Consumers are willing to pay a premium for high-quality, sustainably sourced seafood, creating opportunities for suppliers and retailers to differentiate themselves through product offerings and value-added services. However, the market also faces challenges. Stringent government regulations and guidelines, aimed at ensuring the safety and sustainability of seafood production, can increase operational costs and complexify supply chains.
Additionally, the impact of climate change on fish stocks and fishing practices can create supply disruptions and price volatility. Companies seeking to capitalize on market opportunities and navigate these challenges effectively must stay informed of regulatory developments, invest in sustainable sourcing and production practices, and build resilient supply chains. By doing so, they can meet the growing demand for premium seafood while maintaining compliance with regulatory requirements and mitigating risks.

What will be the Size of the Fresh Fish and Seafood Market during the forecast period?

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The market continues to evolve, driven by dynamic market forces and shifting consumer preferences. Value-added seafood products, such as smoked or marinated offerings, are gaining traction as consumers seek more convenient and flavorful options. Fish handling techniques are advancing, with a focus on maintaining fish health and ensuring seafood quality. Aquaculture disease management and water quality are critical concerns for farmers, while fish processing byproducts and waste utilization are being explored for sustainable applications. Responsible aquaculture practices are increasingly important, with a focus on reducing environmental impact and improving animal welfare. Seafood preservation methods are evolving to extend shelf life and maintain product freshness.

Seafood market segmentation is becoming more nuanced, with differentiated offerings catering to various consumer demographics and preferences. Seafood packaging innovations are transforming the industry, with a focus on extending shelf life, enhancing product presentation, and improving sustainability. Consumer seafood preferences are shifting towards more sustainable and ethically sourced options, driving demand for traceability systems and certifications. Seafood sensory evaluation and safety regulations are essential for ensuring product quality and consumer safety. Fish farming automation and processing technology are advancing, with a focus on increasing efficiency and reducing waste. The ongoing unfolding of market activities and evolving patterns underscores the importance of continuous innovation and adaptation in the fresh fish and seafood industry.

How is this Fresh Fish and Seafood Industry segmented?

The fresh fish and seafood industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Fresh fish
  Crustaceans
  Mollusks


Distribution Channel

  Offline
  Online


Source

  Wild-Caught
  Aquaculture


Form

  Whole
  Filleted
  Fresh Prepared


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Type Insights

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

The market is witnessing significant growth due to the increasing adoption of fresh fish as a healthy protein source. With people becoming more health-conscious and aware of the nutritional benefits of fish, such as omega-3 fatty acids and vitamins D and B2 (riboflavin), the demand for fresh fish is surging. These essential nutrients contribute to heart and brain health, making fish a preferred choice for consumers. Sustainable fisheries management practices ensure a steady supply o

The Fish Market Report is Segmented by Geography (North America, Europe, Asia-Pacific, South America, Middle East, and Africa). The Report Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

The global fish and seafood market is booming, projected to reach $400 billion by 2033 with a 5% CAGR. Discover key trends, leading companies, and regional insights driving this growth in our comprehensive market analysis. Learn about sustainability challenges and opportunities in this vital sector.

Global Canned Seafood Market was valued at USD 35.69 Billion in 2024 and is expected to grow to USD 44.72 Billion by 2030 with a CAGR of 3.83%.

Pages	181
Market Size	2024: USD 35.69 Billion
Forecast Market Size	2030: USD 44.72 Billion
CAGR	2025-2030: 3.83%
Fastest Growing Segment	Online
Largest Market	Asia Pacific
Key Players	1. California Garden Products Inc. 2. John West Foods Limited 3. Century Pacific Food Incorporated 4. Bolton Group S.r.l. 5. Dhofar Fisheries & Food Industries Company S.A.O.G 6. Maldives Industrial Fisheries Company Ltd 7. Bumble Bee Foods, LLC 8. Wild Planet Foods, Inc. 9. Trident Seafoods Corporation 10. Universal Canning Inc.

Discover the booming smoked seafood market! Explore key trends, growth drivers, and leading companies shaping this $15 billion industry projected to reach $23 billion by 2033. Learn about market segmentation, regional analysis, and future growth opportunities.

Global seafood market valued at USD 370 billion, driven by health consciousness, sustainable practices, and aquaculture growth, with Asia-Pacific holding 44% share.