Seafood - Global Strategic Business Report

The global market for Seafood was valued at US$124.3 Billion in 2024 and is projected to reach US$155.3 Billion by 2030, growing at a CAGR of 3.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Seafood market.

Global Seafood Market - Key Trends & Drivers Summarized

The Oceans' Harvest:

Why Is Seafood an Indispensable Part of Our Diets?

Seafood, a treasure trove of aquatic life including fish, shellfish, and mollusks, is harvested from oceans, rivers, and lakes, and is an indispensable part of our diets. Rich in essential nutrients such as omega-3 fatty acids, high-quality proteins, vitamins, and minerals, seafood plays a pivotal role in promoting health and well-being. Regular consumption is linked to numerous health benefits, including improved cardiovascular health, enhanced cognitive function, and reduced inflammation. The vast variety of seafood available offers an array of culinary possibilities, catering to diverse tastes and dietary needs. As awareness of its nutritional benefits grows, so does the global demand for seafood, underscoring its importance in maintaining public health and culinary diversity.

How Does Seafood Journey from Sea to Table?

The journey of seafood from sea to table involves intricate harvesting and processing methods to ensure freshness and safety. Harvesting techniques range from traditional methods like line and pole fishing to modern industrial practices such as trawling, seining, and aquaculture. Aquaculture, or fish farming, has become particularly significant, providing a controlled environment for breeding and raising fish, thus supporting sustainable seafood supplies. Post-harvest, seafood undergoes various processing steps including cleaning, filleting, freezing, and packaging to preserve quality and extend shelf life. Technological advancements like flash freezing and vacuum packaging have revolutionized seafood processing, ensuring consumers have access to fresh and nutritious seafood year-round. Strict regulatory standards and certifications ensure seafood products are safe, sustainably sourced, and of high quality, meeting the global market's demands.

What Are the Trends Shaping the Seafood Industry Today?

The seafood industry is constantly evolving, influenced by innovative practices and changing consumer preferences. One prominent trend is the increasing demand for sustainably sourced seafood, driven by a growing environmental consciousness among consumers who wish to minimize their ecological footprint. This has led to a rise in certifications such as the Marine Stewardship Council (MSC) and Aquaculture Stewardship Council (ASC), which endorse sustainable fishing and farming practices. Additionally, the popularity of plant-based and lab-grown seafood alternatives is rising, catering to vegetarians, vegans, and those concerned about overfishing and environmental impact. Technological advancements, including blockchain and IoT, are enhancing supply chain transparency, enabling consumers to trace the origin of their seafood and verify its sustainability. There is also a burgeoning interest in lesser-known and underutilized species, diversifying the seafood market and alleviating pressure on overfished stocks. These trends reflect a broader shift towards sustainability, innovation, and ethical consumption within the seafood industry.

What Factors Are Propelling the Growth in the Seafood Market?

The growth in the seafood market is driven by several factors, reflecting the increasing demand for nutritious and sustainable food options. A rising global population and heightened awareness of the health benefits associated with seafood consumption are significant drivers. Technological advancements in aquaculture and fishing techniques are enhancing yields and sustainability, supporting market expansion. Consumer trends towards healthy eating and natural foods are boosting the popularity of seafood as a prime protein source. Furthermore, the expanding middle class in emerging economies is increasing seafood consumption, fueled by higher disposable incomes and changing dietary patterns. Environmental concerns and the push for sustainable practices are also driving the market, as both consumers and producers aim to minimize the ecological impact of seafood production. The development of innovative seafood products and alternative proteins is further diversifying the market, catering to a broader range of dietary preferences and needs. These factors collectively highlight the dynamic growth and evolving landscape of the global seafood market, emphasizing its crucial role in food security and sustainable nutrition.

Report Scope

The report analyzes the Seafood market, presented in terms of units. The analysis covers the key segments and geographic regions outlined below.

Segments: Product Type (Ground Fish, Pelagics, Tuna, Salmonids, Molluscs, Crustaceans, Other Product Types); Variety (Chilled, Frozen, Ambient).

Geographic Regions/Countries: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Ground Fish segment, which is expected to reach US$41.2 Billion by 2030 with a CAGR of a 3.3%. The Pelagics segment is also set to grow at 4.6% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $6.7 Billion in 2024, and China, forecasted to grow at an impressive 4.6% CAGR to reach $61.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Seafood Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Seafood Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Seafood Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Azuma Foods International, Inc., U.S.A., Arte Morhua, S.A., AquaBounty Technologies, Inc., Ascona Ingredients Inc., Agroittica Lombarda SpA and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 237 companies featured in this Seafood market report include:

• Azuma Foods International, Inc., U.S.A.
• Arte Morhua, S.A.
• AquaBounty Technologies, Inc.
• Ascona Ingredients Inc.
• Agroittica Lombarda SpA
• Amplifon SpA
• Austral Fisheries Pty., Ltd.
• AS DGM SHIPPING
• Best of Halal
• ANTICHE BONTA' GASTRONOMICHE S.r.l.
• Asiago Food S.p.A.
• alalali
• Arizona Sunland Foods
• American Grill
• Albacora

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry