Seafood Market Report 2026

The seafood market size has grown strongly in recent years. It will grow from $262.26 billion in 2025 to $278.08 billion in 2026 at a compound annual growth rate (CAGR) of 6%. The growth in the historic period can be attributed to growth of global seafood consumption, expansion of cold chain infrastructure, rising urban population demand, traditional reliance on wild catch fisheries, development of seafood processing technologies.

The seafood market size is expected to see strong growth in the next few years. It will grow to $362.83 billion in 2030 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing focus on sustainable fishing practices, expansion of aquaculture investments, rising demand for protein-rich diets, growth of online seafood retail platforms, innovation in seafood preservation methods. Major trends in the forecast period include expansion of sustainable seafood sourcing, rising demand for ready-to-cook seafood products, growing preference for frozen and processed seafood, enhanced focus on traceability and labeling, increasing adoption of aquaculture production.

The rising demand for protein-rich food products is expected to drive the growth of the seafood market going forward. Protein-rich foods provide a high amount of protein per serving, which is essential for maintaining overall health. Seafood is a particularly rich source of protein and supplies key vitamins and minerals, including vitamin B12. Protein consumption also promotes satiety, supporting healthy body weight management. For instance, in June 2024, according to the International Food Information Council (IFIC), a US-based nonprofit organization focused on food and nutrition insights, 71% of Americans reported actively trying to consume more protein, up from 67% in 2023 and 59% in 2022. Therefore, the increasing preference for protein-rich foods is fueling the seafood market.

Major companies in the seafood market are concentrating on creating innovative flavored dishes, such as fish-flavored churros, to attract new consumer segments and enhance their market appeal. Fish-flavored churros represent a unique culinary innovation where traditional churros, usually a sweet fried dough snack, are infused with savory fish flavors. For example, in April 2024, Profand, a Spain-based fishing company, introduced a new line of fish-flavored churros called Snackish at the Seafood Expo Global 2024 in Barcelona. These churros are crafted from fish flour derived from salmon and cod, seasoned with fish fumet, and offered in two flavors: salmon and cod. Each flavor is complemented by matching sauces - sweet pepper or sweet red pepper for cod, and tartar sauce for salmon. In a commitment to sustainability, Profand utilizes fish species like tarpon, permit, and bonefish to reduce food waste. The initial response has been favorable, with intentions to expand testing beyond Spain in the future.

In July 2024, Captain Fresh, an India-based seafood value chain marketplace operator, acquired Koral for an undisclosed sum. This acquisition aims to bolster Captain Fresh's position in the $33.5 billion European seafood market, with Justyna Frankowska assuming the role of CEO and founder Bogusław Kowalski providing guidance on the global salmon strategy. Koral is a Poland-based producer and distributor of branded salmon products.

Major companies operating in the seafood market are Maruha Nichiro Corporation, Thai Union Group, Mowi ASA, Nippon Suisan Kaisha Ltd (Nissui), Leroy Seafood Group, Grieg Seafood ASA, Trident Seafoods, High Liner Foods, Austevoll Seafood ASA, Tassal Group Limited, Clearwater Seafoods, Dongwon Industries, Cooke Aquaculture Inc., Shanghai Fisheries Group Co., Ltd., Pescanova S.A., Pacific Andes Group, Charoen Pokphand Foods PCL, Nueva Pescanova Group, Sanford Limited, Bolton Group, Nippon Suisan Kaisha Europe GmbH, Camanchaca S.A.

Asia-Pacific was the largest region in the seafood market in 2025. Western Europe was the second-largest region in the seafood market. The regions covered in the seafood market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the seafood market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The seafood market consists of sales of frozen crustaceans meat, fresh/ chilled crustaceans meat, canned crustaceans meat, frozen fish meat, fresh/ chilled fish meat, canned fish meat, and other seafood meat. Establishments known as floating factory ships that gather and process seafood into canned seafood products are also included in this industry. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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