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Global Seafood
Market Report
2025
The global Seafood market size will be USD 361421.5 million in 2024. Rising Global Population is expected to boost sales to USD 731644.1 million by 2031, with a Compound Annual Growth Rate (CAGR) of 10.60% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Seafood market size will be USD 361421.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.60% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global Seafood Market Sales Revenue | $ 295.986 Billion | $ 434.9 Billion | $ 938.912 Billion | 10.098% |
North America Seafood Market Sales Revenue | $ 85.54 Billion | $ 124.729 Billion | $ 259.046 Billion | 9.566% |
United States Seafood Market Sales Revenue | $ 68.218 Billion | $ 99.349 Billion | $ 202.838 Billion | 9.332% |
Canada Seafood Market Sales Revenue | $ 10.265 Billion | $ 14.845 Billion | $ 33.578 Billion | 10.741% |
Mexico Seafood Market Sales Revenue | $ 7.057 Billion | $ 10.535 Billion | $ 22.63 Billion | 10.029% |
Europe Seafood Market Sales Revenue | $ 56.237 Billion | $ 81.674 Billion | $ 168.91 Billion | 9.508% |
United Kingdom Seafood Market Sales Revenue | $ 7.243 Billion | $ 10.447 Billion | $ 20.254 Billion | 8.628% |
France Seafood Market Sales Revenue | $ 7.648 Billion | $ 11.156 Billion | $ 24.423 Billion | 10.29% |
Germany Seafood Market Sales Revenue | $ 8.841 Billion | $ 12.775 Billion | $ 25.237 Billion | 8.883% |
Italy Seafood Market Sales Revenue | $ 4.162 Billion | $ 6.076 Billion | $ 12.954 Billion | 9.926% |
Russia Seafood Market Sales Revenue | $ 6.31 Billion | $ 9.13 Billion | $ 17.918 Billion | 8.794% |
Spain Seafood Market Sales Revenue | $ 4.072 Billion | $ 5.879 Billion | $ 11.195 Billion | 8.385% |
Rest of Europe Seafood Market Sales Revenue | $ 12.794 Billion | $ 18.838 Billion | $ 43.655 Billion | 11.077% |
Sweden Seafood Market Sales Revenue | $ 1.715 Billion | $ 2.465 Billion | $ 4.456 Billion | 7.681% |
Denmark Seafood Market Sales Revenue | $ 1.445 Billion | $ 2.064 Billion | $ 3.542 Billion | 6.984% |
Switzerland Seafood Market Sales Revenue | $ 1.136 Billion | $ 1.615 Billion | $ 2.951 Billion | 7.828% |
Luxembourg Seafood Market Sales Revenue | $ 0.872 Billion | $ 1.231 Billion | $ 2.326 Billion | 8.28% |
Asia Pacific Seafood Market Sales Revenue | $ 118.099 Billion | $ 174.917 Billion | $ 395.376 Billion | 10.732% |
China Seafood Market Sales Revenue | $ 34.544 Billion | $ 51.006 Billion | $ 111.456 Billion | 10.265% |
Japan Seafood Market Sales Revenue | $ 23.88 Billion | $ 35.246 Billion | $ 77.019 Billion | 10.265% |
India Seafood Market Sales Revenue | $ 16.829 Billion | $ 25.153 Billion | $ 60.255 Billion | 11.539% |
South Korea Seafood Market Sales Revenue | $ 8.515 Billion | $ 12.454 Billion | $ 25.541 Billion | 9.393% |
Australia Seafood Market Sales Revenue | $ 3.472 Billion | $ 4.985 Billion | $ 9.449 Billion | 8.322% |
Rest of APAC Seafood Market Sales Revenue | $ 13.381 Billion | $ 20.045 Billion | $ 51.794 Billion | 12.599% |
Singapore Seafood Market Sales Revenue | $ 4.252 Billion | $ 6.454 Billion | $ 15.222 Billion | 11.321% |
South East Asia Seafood Market Sales Revenue | $ 11.113 Billion | $ 16.582 Billion | $ 38.51 Billion | 11.107% |
Taiwan Seafood Market Sales Revenue | $ 2.114 Billion | $ 2.991 Billion | $ 6.128 Billion | 9.38% |
South America Seafood Market Sales Revenue | $ 20.127 Billion | $ 30.965 Billion | $ 72.39 Billion | 11.199% |
Brazil Seafood Market Sales Revenue | $ 6.243 Billion | $ 9.59 Billion | $ 21.805 Billion | 10.813% |
Argentina Seafood Market Sales Revenue | $ 2.798 Billion | $ 4.316 Billion | $ 10.488 Billion | 11.738% |
Colombia Seafood Market Sales Revenue | $ 1.689 Billion | $ 2.589 Billion | $ 5.8 Billion | 10.606% |
Peru Seafood Market Sales Revenue | $ 0.88 Billion | $ 1.346 Billion | $ 2.958 Billion | 10.345% |
Chile Seafood Market Sales Revenue | $ 0.529 Billion | $ 0.81 Billion | $ 1.778 Billion | 10.325% |
Rest of South America Seafood Market Sales Revenue | $ 7.988 Billion | $ 12.313 Billion | $ 29.561 Billion | 11.569% |
Middle East Seafood Market Sales Revenue | $ 11.543 Billion | $ 15.569 Billion | $ 29.951 Billion | 8.522% |
Egypt Seafood Market Sales Revenue | $ 0.984 Billion | $ 1.341 Billion | $ 2.696 Billion | 9.125% |
Turkey Seafood Market Sales Revenue | $ 1.376 Billion | $ 1.839 Billion | $ 3.39 Billion | 7.949% |
Rest of Middle East Seafood Market Sales Revenue | $ 3.155 Billion | $ 4.285 Billion | $ 8.332 Billion | 8.669% |
Saudi Arabia Seafood Market Sales Revenue | $ 4.098 Billion | $ 5.501 Billion | $ 10.345 Billion | 8.216% |
UAE Seafood Market Sales Revenue | $ 1.074 Billion | $ 1.467 Billion | $ 3.088 Billion | 9.754% |
Qatar Seafood Market Sales Revenue | $ 0.858 Billion | $ 1.138 Billion | $ 2.1 Billion | 7.955% |
Africa Seafood Market Sales Revenue | $ 4.44 Billion | $ 7.045 Billion | $ 13.239 Billion | 8.204% |
South Africa Seafood Market Sales Revenue | $ 1.386 Billion | $ 2.193 Billion | $ 4.006 Billion | 7.825% |
Nigeria Seafood Market Sales Revenue | $ 0.765 Billion | $ 1.208 Billion | $ 2.208 Billion | 7.836% |
Rest of Africa Seafood Market Sales Revenue | $ 2.289 Billion | $ 3.645 Billion | $ 7.024 Billion | 8.545% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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Report scope is customizable as we have a huge database of Seafood industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Seafood Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A growing awareness of the need of maintaining a healthy lifestyle and rising levels of discretionary spending are driving considerable expansion in the worldwide seafood industry. Due to the high nutritional value of seafood, which includes critical elements such as omega-3 fatty acids, vitamins, and minerals, consumers are increasingly choosing fish as their diet of choice. Furthermore, the market is gaining advantages as a result of the increasing need for diets that are high in protein and the trend towards sustainable food sources. Additionally, the rise of the business has been aided by technological breakthroughs in aquaculture as well as improvements in distribution networks. Additionally, the proliferation of e-commerce platforms has made seafood more accessible to customers, which has contributed to the overall expansion of the industry during this time period.
In January 2024, The Central Marine Fisheries Research Institute (CMFRI) entered into a memorandum of understanding with Neat Meatt to develop analogues of kingfish, pomfret, and other marine fish. The team will replicate the taste, texture, and nutritional attributes of genuine fish in plant-based alternatives and cell-cultured goods. (Source: https://www.seafoodsource.com/news/plant-based/central-marine-fisheries-research-institute-introduces-seafood-analogs-to-india-modern-plant-based-foods-announced-caviar-analog-line)
The rising consumer knowledge of the health benefits of seafood substantially propels the expansion of the Seafood Market. Consumers are more aware of their dietary choices and are pursuing nutrient-dense, natural protein sources. Seafood is renowned for its abundant omega-3 fatty acids, vitamins, and minerals, which are recognised for promoting cardiovascular health, cognitive function, and general wellness. Consequently, there is an increasing demand for diverse marine items, including fish and shellfish, as components of a balanced and health-oriented diet. The rising health consciousness results in elevated consumption rates, the development of retail and food service options, and augmented investment in sustainable fishing and aquaculture techniques. The ongoing trend of adopting healthy eating habits is advancing the industry, establishing seafood as a fundamental component in many families worldwide.
The proliferation of aquaculture substantially propels the development of the Seafood Market by augmenting the supply and accessibility of seafood items. Due to the pressures of overfishing and environmental alterations on native fish populations, aquaculture offers a sustainable and regulated approach to seafood production. This sector facilitates the cultivation of diverse species, such as fish, shellfish, and seaweed, in controlled settings, guaranteeing uniform quality and availability. Aquaculture addresses the increasing worldwide demand for seafood by enhancing production efficiency and alleviating the strain on wild fisheries. Furthermore, innovations in aquaculture technology and methodologies result in enhanced yields, reduced production expenses, and less environmental repercussions. This sustainable strategy not only fosters the expansion of the seafood market but also enhances food security and the lives of populations reliant on fishing enterprises.
Overfishing and the decline of fish supplies pose substantial obstacles to the expansion of the Seafood Market. Overfishing, the act of harvesting fish at a pace beyond their reproductive capacity, results in the depletion of fish populations. This leads to a diminished supply of fish, elevating costs and rendering seafood less accessible to customers. Moreover, the ecological ramifications of overfishing, including the disturbance of marine ecosystems and the decline of biodiversity, elicit apprehension among consumers and regulatory authorities. More stringent fishing laws and quotas are often enforced to tackle these concerns, potentially reducing the supply of seafood. Consequently, the sector encounters elevated manufacturing expenses and operational difficulties, impeding market expansion. Implementing sustainable fishing techniques and exploring alternate seafood sources, such as aquaculture, are crucial for alleviating these effects and securing the long-term sustainability of the seafood market.
Across the whole supply chain, the COVID-19 epidemic caused interruptions, which had a substantial effect on the fish industry. The implementation of lockdowns and limitations resulted in a decrease in fishing activity, as well as logistical difficulties and a scarcity of labor1. Consequently, there was a fall in demand and sales as a consequence of the closure of restaurants and hotels, which were key purchasers of seafood. A decrease in export income was seen as a consequence of trade restrictions and border closures1. The consumer's trust was also negatively impacted by the spread of false information on the possible viral carrier status of seafood. Despite this, the industry is gradually seeing a recovery as limitations are being relaxed and the demand from customers for healthier food alternatives is growing.
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In the Seafood market's competitive landscape, numerous key competitors are driving innovation and growth. The corporations are concentrating on expanding their consumer base via partnerships with other major business players or through joint ventures. The concentrated emphasis on launching sustainable goods rich in key nutrients further stimulates market expansion. The increasing demand for clean-label food, which is safe for consumption and environmentally friendly, presents several potentials for market expansion.
In May 2022, Nueva Pescanova announced the filing of their plan to construct a new commercial octopus facility in Puerto Las Palmas, Spain. The company has been diligently pursuing a technique for octopus aquaculture and recently reported the successful growing, hatching, and incubation of five generations of O. vulgaris at a testing facility. (Source: https://www.seafoodsource.com/news/aquaculture/aa-alliance-expresses-concern-about-nueva-pescanova-s-proposal-for-the-world-s-first-commercial-octopus-farm) In March 2022, Del Pacifico Seafoods, a renowned specialist in wild-caught Mexican shrimp, introduced a new range of farmed shrimp and oysters at the Seafood Expo in North America. The firm is concentrating on developing its aquaculture operations in response to the increasing demand for shrimp in the retail and food service sectors. Furthermore, Del Pacifico is engaged in the sustainable collection and processing of shrimp and oysters. (Source: https://delpacificoseafoods.com/del-pacifico-leaning-into-us-shrimp-craze-with-new-products-to-launch-at-sena/) In March 2020, Kerry Group, an Irish firm, spent USD 125 million on its manufacturing facility located in Rome, Georgia. This investment will enable the firm to expand its production capacity by manufacturing chicken, seafood, and other alternative protein items. (Source: https://www.kerry.com/about/our-company/news-and-media/2020/kerry-group-invests-125m-in-rome#:~:text=Wednesday%2011%20March%2C%202020,%2C%20the%20360%2C000%20sq.)
Top Companies Market Share in Seafood Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the Seafood market, and the region is expected to have significant growth during the projected period. The geographical expansion may be attributed to the rising millennial demographic and the growing preference for convenient eating.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The primary factors driving market growth are population expansion, increasing urbanisation, and the availability of convenient at-home cooking choices.
The current report Scope analyzes Seafood Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Seafood market size was estimated at USD 361421.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 144568.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
According to Cognitive Market Research, the global Seafood market size was estimated at USD 361421.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 108426.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.
According to Cognitive Market Research, the global Seafood market size was estimated at USD 361421.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 83126.95 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.
According to Cognitive Market Research, the global Seafood market size was estimated at USD 361421.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 18071.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
According to Cognitive Market Research, the global Seafood market size was estimated at USD 361421.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 7228.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031..
Global Seafood Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Seafood Industry growth. Seafood market has been segmented with the help of its Type Outlook:, Form Outlook: Distribution Channel Outlook:, and others. Seafood market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Seafood Market?
According to Cognitive Market Research, Fish are likely to dominate the Seafood Market over the forecast period. Fish, particularly favoured types such as salmon and tuna, has the biggest market share owing to its extensive consumption, nutritional advantages, and accessibility.
The Molluscs is the fastest-growing segment in the Seafood Market. The demand for molluscs, including oysters and scallops, is surging due to their health advantages, rising appeal in gourmet cuisine, and sustainable farming methods.
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According to Cognitive Market Research, the Fresh seafood segment holds the largest share of the market. Consumers like fresh fish for its enhanced flavour, nutritional benefits, and perceived quality. The demand for fresh seafood continually stays up throughout many areas, establishing it as the predominant category.
In the Seafood Market, the Processed seafood sector has been expanding at a rapid pace. The expansion of processed seafood is driven by the rising demand for convenience and extended shelf life. The progression of processing technologies, the accessibility of many value-added goods, and the increasing popularity of ready-to-eat meals facilitate the fast growth of this sector.
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According to Cognitive Market Research, The Supermarkets/Hypermarkets segment holds the largest market share. These expansive retail establishments provide a diverse assortment of seafood goods, addressing the routine requirements of customers. Their broad reach and established supply networks make them the principal sales channel for seafood.
In the Seafood market, the rapidly growing sector is the Online Sales Channel category. The ease of online buying, together with the growing prevalence of e-commerce platforms, has resulted in a notable increase in seafood sales via online channels. Consumers like the convenience of buying seafood goods from home, facilitating the fast expansion of this sales channel.
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two three years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
As a Research Analyst with over 3+ years of experience in market research and consumer insights, I specialize in delivering actionable, data-driven solutions across diverse industries, including Consumer Goods, Food & Beverage, and other domains as well. My expertise spans both primary and secondary research, allowing me to effectively analyze trends, assess market opportunities, and guide strategic decisions for clients.
I’ve successfully managed client queries, presales, and post-sales engagements, ensuring seamless communication and delivering high-quality insights that drive business growth. With a strong track record of working with both established brands and startups, I help organizations optimize strategies, enhance customer experiences, and unlock new growth opportunities.
Always eager to stay ahead of industry trends, I thrive in collaborative environments where research meets innovation. My focus is on turning complex data into clear, actionable insights that create real-world impact.
Conclusion
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type Outlook: | Fish, Crustaceans, Molluscs, Others |
Form Outlook: | Fresh, Processed |
Distribution Channel Outlook: | Supermarkets/Hypermarkets, Convenience Stores & Specialty Stores, Online Sales Channel, Others |
List of Competitors | Nippon Suisan Kaisha Ltd. (Japan), Maruha Nichiro (Japan), Mowi ASA (Norway), Charoen Pokphand Foods Group (Thailand), Dongwon Group (South Korea), Marubeni Corporation (Japan), Mitsubishi Corporation (Japan), OUG Holdings (Japan), Thai Union Group Public Company Limited (Thailand), Trident Seafoods Corporation (U.S.) |
This chapter will help you gain GLOBAL Market Analysis of Seafood. Further deep in this chapter, you will be able to review Global Seafood Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Seafood. Further deep in this chapter, you will be able to review North America Seafood Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Seafood. Further deep in this chapter, you will be able to review Europe Seafood Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Seafood. Further deep in this chapter, you will be able to review Asia Pacific Seafood Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Seafood. Further deep in this chapter, you will be able to review South America Seafood Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Seafood. Further deep in this chapter, you will be able to review Middle East Seafood Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Seafood. Further deep in this chapter, you will be able to review Middle East Seafood Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Seafood. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Outlook: Analysis 2019 -2031, will provide market size split by Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Outlook: Analysis 2021 - 2033
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Chapter 11 Market Split by Form Outlook: Analysis 2021 - 2033
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Chapter 12 Market Split by Distribution Channel Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Seafood market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
Why Fish have a significant impact on Seafood market? |
What are the key factors affecting the Fish and Crustaceans of Seafood Market? |
What is the CAGR/Growth Rate of Fresh during the forecast period? |
By type, which segment accounted for largest share of the global Seafood Market? |
Which region is expected to dominate the global Seafood Market within the forecast period? |
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Report Format Alteration |
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