Seafood Market

By Type;

Fish, Crustaceans, Molluscs and Others

By Form;

Fresh, Processed, Canned, Chilled and Frozen

By Distribution Channel;

B2C [Supermarket & Hypermarkets, Convenience Stores & Specialty Stores, Online Sales Channel and Others] and B2B

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn130427595 Published Date: September, 2025 Updated Date: October, 2025

Seafood Market Overview

Seafood Market (USD Million)

Seafood Market was valued at USD 396,494.80 million in the year 2024. The size of this market is expected to increase to USD 708,782.14 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.7%.


Seafood Market

*Market size in USD million

CAGR 8.7 %


Study Period2025 - 2031
Base Year2024
CAGR (%)8.7 %
Market Size (2024)USD 396,494.80 Million
Market Size (2031)USD 708,782.14 Million
Market ConcentrationMedium
Report Pages340
396,494.80
2024
708,782.14
2031

Major Players

  • Kangamiut Seafood A/S
  • American Seafoods Company
  • Phillips Foods Inc
  • Trident Seafoods Corporation
  • Marine Harvest ASA
  • Thai Union Group PCL
  • Lee Fishing Company
  • Leigh Fisheries

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Seafood Market

Fragmented - Highly competitive market without dominant players


The Seafood Market is experiencing robust growth, driven by the increasing demand for high-protein, healthy food options. Adoption of seafood products has risen by over 35%, as consumers turn to seafood for its rich nutritional benefits, including omega-3 fatty acids, low fat, and high protein content. Seafood has become a dietary staple in many regions, supporting the growth of the global seafood market.

Key Drivers Accelerating Growth
The demand for health-conscious foods and sustainable protein sources is significantly driving the growth of the seafood market. Approximately 40% of consumers are choosing seafood over traditional meats due to its health benefits, including its ability to promote heart health and reduce the risk of chronic diseases. As the awareness of healthy eating grows, more consumers are opting for seafood as part of a balanced diet.

Technological Advancements Supporting Adoption
Technological innovations in fishing techniques, aquaculture systems, and preservation methods are boosting the production and availability of seafood. Around 50% of seafood consumed globally is now sourced from aquaculture, which has become more sustainable and efficient with the adoption of advanced farming methods. These advancements ensure a consistent supply of high-quality seafood to meet growing consumer demand.

Future Prospects and Market Outlook
The Seafood Market is expected to continue its expansion, with over 60% of global food companies planning to increase their seafood offerings in response to rising consumer demand. As sustainability efforts continue to evolve and consumer preferences shift toward healthier eating, the seafood market will remain a vital part of the global food industry.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Form
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Seafood Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Sustainability Initiatives
        2. Health Conscious Consumer Trends
        3. Increasing Demand for Protein-Rich Diets
      2. Restraints
        1. Overfishing and Depletion of Marine Resources
        2. Environmental Concerns and Pollution
        3. Regulatory Challenges in Fishing Industry
      3. Opportunities
        1. Technological Innovations in Aquaculture
        2. Expansion into Emerging Markets
        3. Growing Demand for Value-Added Seafood Products
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Seafood Market, By Type, 2021 - 2031 (USD Million)
      1. Fish
      2. Crustaceans
      3. Molluscs
      4. Others
    2. Seafood Market, By Form, 2021 - 2031 (USD Million)
      1. Fresh
      2. Processed
      3. Canned
      4. Chilled
      5. Frozen
    3. Seafood Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. B2C
        1. Supermarket & Hypermarkets
        2. Convenience Stores & Specialty Stores
        3. Online Sales Channel
        4. Others
      2. B2B
    4. Seafood Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Maruha Nichiro Corporation
      2. Nippon Suisan Kaisha (Nissui)
      3. Thai Union Group
      4. Mowi ASA
      5. Dongwon Group
      6. Charoen Pokphand Foods (CP Foods)
      7. Marubeni Corporation
      8. Trident Seafoods
      9. High Liner Foods
      10. Bolton Group
      11. Pacific Seafood
      12. Austevoll Seafood
      13. Pescanova
      14. Grupo Nueva Pescanova
      15. Negocios Industriales Real (NIRSA)
  7. Analyst Views
  8. Future Outlook of the Market