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.

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Seafood Market Size 2024-2028

The seafood market size is forecast to increase by USD 150.04 billion, at a CAGR of 13.55% between 2023 and 2028.

The market is experiencing significant growth driven by rising consumer awareness about the health benefits of seafood and the nutritional value it provides. This trend is further fueled by the increasing popularity of online retailing in the seafood industry, which offers convenience and accessibility to consumers.
However, the market faces challenges due to the depletion of certain sea species, leading to concerns about sustainability and the need for responsible fishing practices. To mitigate this issue, initiatives such as sustainable fishing and aquaculture are gaining traction, ensuring the long-term growth and sustainability of the market.

Market Analysis

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The industry is a significant contributor to the global protein market, providing consumers with a wide range of options rich in essential nutrients such as omega-3 fatty acids, vitamins, and minerals. Seafood is increasingly popular due to its health advantages, making it a crucial component of a balanced diet. The price of seafood varies depending on the species, with popular choices like shrimp, salmon, tuna, cod, and tilapia being more expensive. The seafood industry is also embracing innovation, with trends such as 3D printing technology and culinary experimentation transforming the way seafood is produced and consumed. Personalization and texture are key factors driving product innovation, with alternative protein sources and seafood substitutes gaining traction due to their ethical concerns and environmental impact. Furthermore, the tourism and hospitality sectors are significant consumers of seafood, with their culinary applications adding value to the industry.

How is this market segmented and which is the largest segment?

The market 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

  APAC

    China
    Japan


  North America

    Canada
    US


  South America

    Brazil
    Argentina


  Europe

    France
    Spain


  Middle East and Africa

    South Africa

By Type Insights

The fish segment is estimated to witness significant growth during the forecast period. The seafood industry continues to thrive due to the increasing demand for protein sources, with seafood occupying a significant role as a high-protein meat alternative. Consumers' growing awareness of the health benefits associated with fish, such as omega-3 fatty acids, vitamins D and B2 (riboflavin), and minerals, has fueled the preference for fish over other types of seafood. The fish segment dominated The market in 2023, accounting for the largest market share. The rising number of meat eaters and the American Heart Association's recommendation of incorporating fish into a healthy diet at least twice a week further bolster the demand for fish.

Moreover, innovation and personalization are key trends in the seafood industry, with 3D printing technology enabling culinary experimentation and the development of alternative protein sources and seafood substitutes. The texture, flavor, and appearance of these products are being enhanced to mimic the authentic seafood experience. Sustainability and ethical concerns are also crucial factors influencing the market, with certifications from organizations such as the Aquaculture Stewardship Council and Marine Stewardship Council promoting sustainable aquaculture techniques. The market encompasses a diverse range of products, including fresh and frozen shrimps, salmon, tuna, cod, tilapia, lobster, and crab. Convenience seafood items cater to the busy lifestyles of consumers, making seafood more accessible.

Furthermore, the environmental impact and ethical concerns surrounding the production of these seafood items are being addressed through traceability initiatives and the promotion of lean, sustainable, and ethically sourced seafood. The market is expected to grow significantly during the forecast period, driven by these trends and the continued preference for fish as a healthy and versatile protein source.

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The fish segment accounted for USD 94.09 billion in 2018 and showed a gradual increase during the forecast period.

Will the significant importer of fish in APAC help the market grow?

APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market d

The global seafood market size reached USD 370.23 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 493.29 Billion by 2033, exhibiting a growth rate (CAGR) of 3.08% during 2025-2033. The growing consumption of balanced diets, rising awareness about the benefits of protein consumption, and the increasing utilization in fine diners, restaurants, and fast food chains represent some of the key factors driving the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 370.23 Billion
Market Forecast in 2033	USD 493.29 Billion
Market Growth Rate (2025-2033)	3.08%

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

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.

Explore the Seafood Market trends! Covers key players, growth rate 7.2% CAGR, market size $357.56 Billion, and forecasts to 2034. Get insights now!

India seafood market size is projected to exhibit a growth rate (CAGR) of 7.90% during ​2024-2032​. The government's focus on sustainable fishing practices and aquaculture projects for ensuring environmental responsibility is primarily augmenting the market growth.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Growth Rate (2024-2032)	7.90%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2024-2032​. Our report has categorized the market based on type, form, and distribution channel.

The frozen seafood market is projected to increase from US$ 21,995.1 million in 2024 to US$ 42,657.6 million By 2034. Global sales of frozen seafood are anticipated to increase at a CAGR of 6.8% from 2024 to 2034.

Attributes	Key Insights
Frozen Seafood Market Value (2024E)	US$ 21,995.1 million
Projected Frozen Seafood Market Size (2034F)	US$ 42,657.6 million
Value-based CAGR (2024 to 2034)	6.8%

Country-wise Insights

Countries	CAGR (2024 to 2034)
United States	4.9%
United Kingdom	5.2%
Germany	5.0%
China	4.2%
India	5.9%
Japan	5.6%

Category-Wise Insights

Top Crustacean Segment	Frozen Shrimps
Market Share in 2024	39%

Top Fish Segment	Frozen Marine Pelagic
Market Share in 2024	54.0%

Scope of the Report

Attribute	Details
Market Size Value in 2024	US$ 21,995.1 million
Forecasted Market Value by 2034	US$ 42,657.6 million
Global Growth Rate	6.8% CAGR
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Volume (MT) and Value (US$ Mn)
Key Regions Covered	Latin America, Europe, North America, South Asia, East Asia, Oceania, and MEA
Key Countries Covered	Canada, the United States, Mexico, Brazil, Chile, Peru, Argentina, Italy, Spain, France, Germany, the United Kingdom, the Netherlands, Belgium, Russia, the Nordic region, Poland, Japan, South Korea, China, India, Malaysia, Thailand, Singapore, Australia, Indonesia, Gulf Cooperation Council countries, New Zealand, Central Africa and South Africa
Key Market Segments Covered	Product Type, Nature, Form, End Use Application and Distribution Channel
Key Companies Profiled	Marine Harvest ASA Austevoll Seafood ASA SalMar Coast Seafood Charoen Pokphand Foods Fortune Fish & Gourmet Maruha Nichiro Norway Royal Salmon Mitsubishi Corporation Trident Seafood
Pricing	Available upon Request

Explore the Frozen Seafood Market trends! Covers key players, growth rate 5.6% CAGR, market size $31.19 Billion, and forecasts to 2034. Get insights now!

[214+ Pages Report] The global Frozen Seafood market size is expected to grow from USD 37.22 billion in 2023 to USD 59.28 billion by 2032, at a CAGR of 5.3% from 2024-2032

The Europe 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 (France, Germany, Italy, Netherlands, Russia, Spain, United Kingdom). Market value in USD and market volume in tonnes are presented. Key data points observed include production and price.

The Ethiopian frozen fish and seafood market reached $809M in 2024, approximately equating the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2024: its value increased at an average annual rate of +5.4% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +58.6% against 2015 indices.

The United States fin fish market size reached USD 49.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 65.9 Billion by 2033, exhibiting a growth rate (CAGR) of 3.05% during 2025-2033. The rising food and beverage (F&B) industry, the increasing consumer demand for seafood as a healthy and protein-rich dietary choice, innovations in aquaculture practices, the rising awareness of health and wellness, and the growth of aquaculture represent some of the key factors driving the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 49.5 Billion
Market Forecast in 2033	USD 65.9 Billion
Market Growth Rate (2025-2033)	3.05%

IMARC Group provides an analysis of the key trends in each segment of the United States fin fish market report, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on fish type, environment, and distribution channel.

Explore the Meat, Poultry And Seafood Market trends! Covers key players, growth rate 6.1% CAGR, market size $2170.79 Billion, and forecasts to 2034. Get insights now!

According to Cognitive Market Research, the global Seafood Processing market size will be 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. According to the USDA's NASS 2018 Census of Aquaculture, total sales of U.S. aquaculture products were approximately $1.5 billion (equivalent to over $1.75 billion in 2022 dollars). Notably, about 20 percent of U.S. aquaculture farms (522 farms) are located in Louisiana. This growth in aquaculture is anticipated to drive the expansion of the seafood processing market. 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. In 2019, U.S. seafood imports, valued at $22.4 billion, supported a total direct industry output of $26.95 billion throughout the U.S. economy. According to the U.S. Department of Agriculture, the U.S. seafood trade deficit reached USD 20.3 billion (EUR 18.8 billion) in 2023. 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. Impact of Covid-19 on the Seafood Processing Market The pandemic significantly disrupted global supply chains, causing delays in transportation and movement restrictions. These disruptions affected the timely delivery of raw materials and finished products, resulting in supply shortages. Many seafood processing facilities faced labor shortages due to lockdowns, social distancing measures, and health concerns among workers, leading to reduced operational capacity and productivity. To prevent COVID-19 outbreaks, processing facilities had to implement stringent health and safety protocols, including regular testing, sanitation, and changes in workspace arrangements, which increased operational costs. Introduction of the Seafood Processing Market The seafood processing market is a vital part of the global food industry, transforming raw seafood into various forms for consumption and sale. This market encompasses numerous activities, including cleaning, filleting, freezing, canning, smoking, and packaging seafood pr...

ver the last two observations, the revenue is forecast to significantly increase in seafood segments. The trend observed from 2018 to 2028 remains consistent throughout the entire forecast period

[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

After two years of growth, the Myanmar's frozen fish and seafood market decreased by -6.3% to $181M in 2024. In general, consumption saw a abrupt downturn. Over the period under review, the market attained the peak level at $615M in 2012; however, from 2013 to 2024, consumption remained at a lower figure.

The North America frozen seafood market size reached USD 15.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 21.1 Billion by 2033, exhibiting a growth rate (CAGR) of 3.23% during 2025-2033.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 15.6 Billion
Market Forecast in 2033	USD 21.1 Billion
Market Growth Rate (2025-2033)	3.23%

IMARC Group provides an analysis of the key trends in each sub-segment of the North America frozen seafood market report, along with forecasts at the regional and country level from 2025-2033. Our report has categorized the market based on type, distribution channel, and sector.

Global Fish and Seafood market size 2025 was XX Million. Fish and Seafood Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.