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.

Semi-annual Market Update for Seafood Market

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

Seafood Industry Analysis by Top Investment Segments

The Seafood Market is segmented by Type (Fish, Shrimp), by Form (Canned, Fresh / Chilled, Frozen, Processed), by Distribution Channel (Off-Trade, On-Trade) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Market value in USD and market volume in tonnes are presented. Key data points observed include production and price.

The United States Seafood Market is segmented by Type (Fish, Shrimp), by Form (Canned, Fresh / Chilled, Frozen, Processed) and by Distribution Channel (Off-Trade, On-Trade). Market value in USD and market volume in tonnes are presented. Key data points observed include production and price.

Valued at USD 900.64 million in 2025, the market is anticipated to reach USD 1,509.50 million by 2035, registering a steady CAGR of 5.3%.

Country-wise Outlook

Analyzing Plant-Based Fish Market by Top Investment Segments

The US Fish & Seafood Markets are experiencing steady demand as consumer preferences increasingly lean toward healthier, sustainable and convenient options. This trend is largely driven by a heightened awareness of seafood's nutritional benefits and growing concerns about environmental impact, which boost demand for sustainably sourced products. In response, retailers and wholesalers have expanded their product ranges to include everything from fresh to frozen seafood and prepared meals. However, the sector faces challenges, including supply chain disruptions, rising inflation costs and transportation expenses. Industry-wide revenue has been growing at a CAGR of 2.5% over the past five years and is expected to total $4.3 billion in 2024 when revenue will rise by an estimated 1.2%. In recent years, the sector has navigated a complex environment. On one side, the interest in fish as a lean protein source has grown, influenced by global health trends. While demand for fresh and frozen seafood remains stable, issues like overfishing, seafood sustainability and climate change's influence on fish populations have complicated market dynamics. The pandemic added another layer, causing many consumers to shift toward frozen and packaged seafood because of restaurant closures and social distancing, spurring growth in home cooking and meal preparation. The next five years will significantly change the Fish & Seafood Markets. Awareness of sustainable sourcing will increase the popularity of responsibly farmed and wild-caught options. Plant-based seafood alternatives are predicted to gain traction as consumer preferences shift toward plant-based proteins. Also, the rise of online grocery shopping is set to impact how seafood is purchased, with a growing number of retailers offering fresh and frozen options through e-commerce platforms. As health trends persist, demand for high-quality, convenient seafood will remain strong, positioning the industry for ongoing growth. In turn, industry revenue is forecast to grow a CAGR of 0.6% over the five years through 2029 to total $4.4 billion.

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.

Semi-Annual Market Update

Country-wise Insights

Category-Wise Insights

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

Over the last two observations, the revenue is forecast to significantly increase in all segments. This reflects the overall trend throughout the entire forecast period from 2020 to 2030. It is estimated that the revenue is continuously rising in all segments. In this regard, the Fresh Fish segment achieves the highest value of ***** billion U.S. dollars in 2030. Find further statistics on other topics such as a comparison of the average revenue per capita in the Seychelles and a comparison of the revenue in India. The Statista Market Insights cover a broad range of additional markets.

The revenue is forecast to experience significant growth in all segments in 2030. The trend observed from 2020 to 2030 remains consistent throughout the entire forecast period. There is a continuous increase in the revenue across all segments. Notably, the Fresh Fish segment achieves the highest value of ****** billion U.S. dollars at 2030. Find further statistics on other topics such as a comparison of the average volume per capita in Germany and a comparison of the average revenue per capita in Taiwan. The Statista Market Insights cover a broad range of additional markets.

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.

The volume is forecast to experience significant growth in all segments in 2030. As part of the positive trend, the volume achieves the maximum value across all three different segments by the end of the comparison period. Notably, the segment Fresh Fish stands out with the highest value of ****** thousand tons. Find further statistics on other topics such as a comparison of the revenue in Japan and a comparison of the volume in Turkey. The Statista Market Insights cover a broad range of additional markets.

From the selected regions, the ranking by revenue in the 'Processed Fish & Seafood' segment of the food market is led by China with **** billion U.S. dollars and is followed by Japan (**** billion U.S. dollars). In contrast, the ranking is trailed by Malaysia with *** billion U.S. dollars, recording a difference of ** billion U.S. dollars to China. Find other insights concerning similar markets and segments, such as a ranking by country regarding revenue in the meat segment of the food market and a ranking by country regarding per capita sales volume in the processed fish & seafood segment of the food market. The Statista Market Insights cover a broad range of additional markets.

The global fish and seafood market, valued at USD 407.22 Billion in 2024, has seen notable growth. Fish and seafood are excellent sources of lean protein, contributing to healthy diets. The market is forecasted to expand at a compound annual growth rate (CAGR) of 4.10% from 2025 to 2034, potentially reaching USD 608.61 Billion by 2034, driven by the increasing demand for sustainable and responsibly sourced seafood, innovations in aquaculture technologies, and the rising consumption of seafood in emerging markets.

Sustainable Seafood Market is growing at a CAGR of 5.12% over the next 7 years. M.F. Foley Company, Inc., Zoneco Group Co., Ltd, Walker Seafoods, Nippon Suisan Kaisha, Ltd. and many more major companies operating in this Market.

The North America Seafood Market is segmented by Type (Fish, Shrimp), by Form (Canned, Fresh / Chilled, Frozen, Processed), by Distribution Channel (Off-Trade, On-Trade) and by Country (Canada, Mexico, United States). Market value in USD and market volume in tonnes are presented. Key data points observed include production and price.

[226+ Pages Report] The global plant-based seafood market size is expected to grow from USD 83.64 million in 2022 to USD 13.02.65 million by 2030, at a CAGR of 41.69% from 2023-2030

Snapshot img

Seafood Market Size and Forecast 2024-2028

The seafood market size estimates the market to reach by USD 150.04 billion, at a CAGR of 13.55% between 2023 and 2028. APAC is expected to account for 38% of the growth contribution to the global market during this period. In 2018 the fish segment was valued at USD 94.09 billion and has demonstrated steady growth since then.

    Report Coverage


    Details




    Base year


    2023




    Historic period

    2018-2022



    Forecast period


    2024-2028



    Market structure
    Fragmented



    Market growth 2024-2028


    USD 150.04 billion






The market is witnessing significant shifts, driven by rising consumer awareness regarding the health benefits of incorporating seafood into their diets. This trend is fueling the demand for sustainable and ethically sourced seafood options. Simultaneously, the growth of online retailing in the seafood industry is transforming the market landscape, offering consumers greater convenience and access to a wider range of products.
However, the depletion of certain sea species poses a substantial challenge to the industry's long-term sustainability. Companies must navigate this issue by investing in sustainable fishing practices and fising equipments, exploring alternative sources, and collaborating with regulatory bodies to ensure the health and viability of marine ecosystems. By staying attuned to these trends and addressing the challenges, market players can capitalize on the opportunities presented by the evolving the market.

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

Request Free Sample

The market continues to evolve, shaped by dynamic market forces and advancements in technology. Entities involved in this sector are continually optimizing their supply chains to ensure the efficient and effective delivery of high-quality seafood products. Fish stock assessment and cold chain logistics are critical components of this process, enabling entities to accurately estimate catch sizes and maintain optimal product freshness. Wild-caught seafood and aquaculture production each present unique challenges and opportunities. Bycatch reduction strategies and sustainable fishing practices are essential for preserving marine ecosystem health and ensuring the long-term viability of wild-caught fisheries. Aquaculture, meanwhile, offers the potential for sustainable production and waste management, but also requires the adoption of advanced technology for efficient fish farming and the production of fishmeal and fish oil.

Seafood fraud detection is a pressing concern, with the need for accurate labeling and traceability systems to ensure consumer trust and regulatory compliance. Seafood processing methods, from automated processing to value-added product development, are also evolving to meet changing consumer preferences and demand for higher quality and convenience. Oceanographic monitoring and marine resource management play a crucial role in maintaining the health of marine ecosystems and ensuring the sustainability of seafood production. Food safety regulations and quality control metrics are essential for maintaining the safety and integrity of seafood products throughout the supply chain. Innovations in seafood packaging and preservation methods are also driving growth in the sector, extending shelf life and enhancing the consumer experience.

Sustainable seafood certifications and supply chain optimization are key differentiators for entities seeking to distinguish themselves in the competitive marketplace. The ongoing unfolding of market activities and evolving patterns in the seafood industry underscore the importance of adaptability and innovation for entities seeking to thrive in this dynamic and complex market.

How is this Seafood Industry segmented?

The 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

  Fish
  Crustacean
  Mollusca
  Others


Distribution Channel

  Offline
  Online


Form

  Fresh
  Processed


Geography

  North America

    US
    Canada


  Europe

    France


  APAC

    China
    Japan


  Rest of World (ROW)

By Type Insights

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

The market is witnessing significant growth due to the expanding preference for fish as a high-protein and nutrient-dense food source. With the rise in awareness regarding the health benefits of fish, such as its omega-3 fatty acids and vitamins like D and B2 (riboflavin), the fish segment holds the largest market share. The American Heart Association recommends consuming

The volume is forecast to experience significant growth in all segments in 2030. The trend observed from 2020 to 2030 remains consistent throughout the entire forecast period. There is a continuous increase in the volume across all segments. Notably, the Fresh Fish segment achieves the highest value of *** billion kilograms at 2030. Find further statistics on other topics such as a comparison of the volume in Brazil and a comparison of the revenue in Mexico. The Statista Market Insights cover a broad range of additional markets.

Global Seafood market size is expected to reach $357.56 billion by 2029 at 7.2%, segmented as by type, crustaceans, fish, other seafood

Snapshot img

Frozen Fish And Seafood Market Size 2024-2028

The frozen fish and seafood market size is forecast to increase by USD 34.6 billion at a CAGR of 8.07% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing demand for convenience and innovation in packaging solutions. Consumers are increasingly turning to frozen fish and seafood as a convenient alternative to fresh options, particularly in regions with limited access to fresh seafood or for those seeking to reduce food waste. Moreover, advancements in frozen food technology have led to improved packaging methods, ensuring the preservation of taste, texture, and nutritional value. However, this market is not without challenges. Stiff competition from fresh and canned fish and seafood presents a significant hurdle for market growth. Consumers often perceive fresh options to be of higher quality and more authentic in taste. Additionally, the perception of frozen food as less healthy than fresh alternatives can limit market penetration. Companies in the market must focus on addressing these consumer perceptions through targeted marketing and product innovation to capitalize on the growing demand for convenience and expand their market share.

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

Request Free SampleThe market in the United States is a dynamic and expanding sector, driven by several key factors. Consumer lifestyle trends, such as health consciousness and convenience, have fueled the demand for high-quality, convenient, and time-saving food options. The market's size is substantial, with a significant portion of seafood and fish being consumed in frozen form. Microorganisms and food wastage are critical considerations in the frozen fish and seafood industry. Premium seafood companies are investing in advanced technologies to ensure the freshness and safety of their products. Culinary applications, such as meal planning and culinary experimentation, continue to drive innovation in the market. The frozen seafood products segment, including fish, shellfish, and aquatic delicacies, is a major contributor to the market's growth. The availability of a diverse range of offerings, from The Sirena's premium offerings to High Liner Foods' value-added options, caters to various consumer preferences and budgets. The frozen seafood market is a global industry, with export destinations spanning the globe. reports that the market is expected to grow at a steady pace, driven by increasing consumer awareness of the nutritional benefits of seafood, particularly its high protein content. The Frozen Food Leaders Association's Seafood Expo showcases the latest trends and innovations in the industry, attracting industry professionals and buyers from around the world. The MRFR database and other market research providers provide valuable insights into the market's size, growth, and direction.

How is this Frozen Fish And Seafood Industry segmented?

The frozen 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. End-userFood processing industryFood service providerRetail and householdAnimal feed and pet foodDistribution ChannelOfflineOnlineGeographyEuropeFranceGermanySpainAPACChinaNorth AmericaUSSouth AmericaMiddle East and Africa

By End-user Insights

The food processing industry segment is estimated to witness significant growth during the forecast period.The market encompasses the production and distribution of a diverse range of products, including fish fillets, shrimp, surimi, and crab meat. Processing techniques involve freezing, canning, packaging, and value-additions like marination, breading, and seasoning. This segment significantly contributes to market growth, transforming raw seafood into convenient, ready-to-eat options. Food processing companies prioritize innovation in processing technologies, sustainable practices, and new product development to cater to health-conscious consumers and regulatory requirements. Microorganisms are carefully managed during processing to ensure food safety assurance. Sustainability is a key focus, with companies adhering to sustainable fishing practices, eco-friendly fishing methods, and minimizing seafood wastage. Shelf life is extended through packaging technologies, preserving the nutritious qualities of aquatic delicacies. Essential nutrients, such as minerals, proteins, vitamins, and omega-3 fatty acids, are preserved, making seafood a nutritious option. Culinary innovations and convenience are driving factors, with time-saving food options and convenience stores increasing the availability of frozen seafood products. Frozen fish and seafood companies cater to various retail channels,