Frozen Seafood Market Report 2025

The frozen seafood market size has grown strongly in recent years. It will grow from $23.53 billion in 2024 to $25.04 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to rise in demand for convenience foods, globalization and trade expansion, health and nutrition trends, improved packaging solutions, evolving consumer preferences.

The frozen seafood market size is expected to see strong growth in the next few years. It will grow to $31.19 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to premiumization and ready-to-cook trends, culinary exploration and consumer education, global trade and market expansion, quality assurance and food safety standards, product innovation and diversification. Major trends in the forecast period include health and nutrition awareness, convenience and time-saving solutions, sustainability and responsible sourcing, variety and innovation in product offerings, educational campaigns and culinary exploration.

The expected growth of the frozen seafood market in the future is anticipated to be propelled by the rising consumption of seafood. Seafood, comprising edible sea life, is increasingly preferred by consumers due to its various health benefits. Freezing seafood is a method that helps preserve its color, texture, shape, and flavor, contributing to its popularity among consumers. Consequently, the growing consumption of seafood translates into increased demand for the frozen seafood market. For example, a report published by the Food and Agriculture Organization (FAO) in July 2023 indicated projections for a rise in apparent food fish consumption to 21.2 kg per capita globally by 2032, up from the base period average of 20.4 kg (2020-2022). The forecast suggests that 90% of fish production will be utilized for human consumption in 2032, compared to 88% in the base period (2020-22 average). Fish consumption for human use is expected to see a 14% increase, reaching 182 million tons by 2032. Therefore, the increasing consumption of seafood serves as a driving force for the frozen seafood market.

The rising demand for frozen food is projected to boost the frozen seafood market. Frozen food refers to products that have undergone freezing, a preservation technique that involves reducing the food's temperature to below its freezing point, typically around -18 degrees Celsius (0 degrees Fahrenheit). Frozen seafood offers convenience by reducing the need for frequent grocery trips and providing ready-to-cook or ready-to-eat options, making it especially attractive to busy individuals and families who want to save time. For example, in February 2023, the American Frozen Food Institute (AFFI), a U.S.-based trade association, reported that frozen food sales in the United States saw a significant increase of 8.6% in 2022, totaling $72.2 billion. Additionally, sales of frozen seafood surged notably, with a remarkable 36.9% increase, reaching $7.1 billion in 2022. Consequently, the growing demand for frozen food is expected to drive the frozen seafood market in the future.

Leading companies in the frozen seafood market are developing plant-based frozen seafood to meet the increasing demand for sustainable and health-conscious options. Plant-based frozen seafood refers to products that replicate traditional seafood items but are created entirely from plant-based ingredients, providing an alternative for consumers seeking sustainable and cruelty-free choices. For example, in July 2023, Konscious Foods, a U.S.-based seafood company, launched the first-ever plant-based frozen ‘raw’ seafood products, including items such as sushi, nigiri, and poke bowls. This product not only addresses the rising demand for sustainable seafood alternatives but also highlights the company’s dedication to environmental responsibility and innovation in food technology.

Leading companies in the frozen seafood market are actively engaged in the development of innovative products, including frozen shrimp biscuits, to meet the changing preferences of consumers, enrich their product portfolios, and sustain a competitive advantage in the dynamic market environment. Frozen shrimp biscuits represent a seafood product that combines shrimp with biscuit dough, designed to be stored in a frozen state and easily prepared by consumers for a convenient and flavorful meal or snack. In February 2023, Red Lobster Hospitality LLC, a casual dining restaurant chain based in the United States, launched its inaugural line of retail seafood products, extending the flavors of its renowned dishes to the frozen aisle. The new retail offerings, such as Cheddar Bay Biscuit Shrimp (integrating the iconic biscuit with flavorful shrimp) and Coconut Shrimp Bites, present a convenient way for consumers to enjoy delicious seafood at their convenience. Whether for a quick and hassle-free dinner, a delightful party appetizer, or a late-night shrimp snack, this array of new seafood products builds upon the existing retail options, providing a diverse selection for seafood enthusiasts.

In September 2023, Mark Foods, a U.S.-based seafood company, acquired Arista Industries for an undisclosed amount. This strategic acquisition is intended to strengthen Mark Foods' portfolio by broadening its frozen seafood offerings, enhancing supply chain efficiencies, and utilizing Arista Industries' established distribution network. Arista Industries is a U.S.-based company specializing in frozen seafood.

Major companies operating in the frozen seafood market include Toyo Suisan Kaisha Ltd., Maruha Nichiro Corporation, Mowi ASA, Nippon Suisan Kaisha Ltd., Thai Union Group Public Company Limited, Nomad Foods Limited, Findus Group Limited, Lerøy Seafood Group ASA, AquaChile S.A., Empresas AquaChile S.A., Royal Greenland A/S, High Liner Foods Inc., Ocean Beauty Seafoods LLC, Tassal Group Limited, Pacific Seafood, Clearwater Seafoods Incorporated, Trident Seafoods Corporation, Bumble Bee Foods LLC, Surapon Foods Public Company Limited, Apex Frozen Foods Limited, Beaver Street Fisheries Inc., Mazetta Company LLC, Cooke Aquaculture Inc., Alliance Select Foods International Inc., Siam Canadian Group Limited, J. Sykes & Sons, Castlerock Inc., Tri Marine International Inc., Friosur S.A., Europêche.

Asia-Pacific was the largest region in the frozen seafood market share in 2024. The regions covered in the frozen seafood market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the frozen seafood market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Frozen seafood pertains to a category of seafood that undergoes freezing to preserve the natural quality of the fish. This preservation is achieved by reducing the average temperature to -18 °C or below, maintaining the frozen state at -18 °C or lower.

The primary types of frozen seafood encompass fish, crustaceans, shellfish, mollusks, and other variations. Crustaceans represent a group of marine arthropods, including shrimp, crabs, and lobsters. The nature of these seafood products can be organic or conventional. Distribution channels for frozen seafood include business-to-business and business-to-consumer, catering to various end-users such as the food processing industry, food service providers, as well as retail and household consumers.

The frozen seafood market research report is one of a series of new reports that provides frozen seafood market statistics, including frozen seafood industry global market size, regional shares, competitors with a frozen seafood market share, detailed frozen seafood market segments, market trends and opportunities, and any further data you may need to thrive in the frozen seafood industry. This frozen seafood market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The frozen seafood market consists of sales of marine pelagic, marine demersal, and diadromous. 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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