Global Squid Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

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The global squid market is segmented by type, product, and distribution channel, each contributing to the market’s dynamics in distinct ways. By type, the market includes a variety of squid species, such as cuttlefish, European squid, Argentine shortfin squid, jumbo flying squid, Japanese flying squid, and others. Cuttlefish, known for its tender texture and versatility, is a dominant segment in the market, often used in a variety of culinary preparations worldwide. European squid and Argentine shortfin squid are also prominent species, widely available in international markets and often featured in Mediterranean and Asian cuisines. Jumbo flying squid and Japanese flying squid are valued for their larger size, which makes them a popular choice in both raw and cooked dishes, particularly in Japan and other Asian countries. The "others" category encompasses additional species of squid, catering to niche markets and specific regional preferences.

The product segment divides the market into processed and fresh squid. Processed squid is the largest segment, driven by increasing demand for convenience and longer shelf life. Processed squid products such as frozen, dried, and canned squid are commonly used in ready-to-eat meals, snacks, and ingredients for various culinary applications. The processing methods, such as freezing and drying, ensure that squid retains its nutritional value and flavor, making it suitable for global distribution and use. Fresh squid, while accounting for a smaller portion of the market, is still highly sought after in high-end restaurants and specific culinary cultures, particularly in regions close to squid fishing areas where freshness is paramount. The fresh squid segment benefits from growing consumer interest in fresh seafood and premium dining experiences.

By distribution channel, the market is segmented into food retail, supermarket, hypermarket, specialty store, others, and food service. Food retail is a broad category encompassing various grocery stores and online platforms where squid is sold for home consumption. Supermarkets and hypermarkets are key points of sale for squid, especially processed varieties like frozen and canned squid, catering to the mass market. Specialty stores focus on seafood products and offer higher-quality or niche squid products, appealing to discerning consumers. Food service is a significant distribution channel, especially for fresh squid, where restaurants, catering services, and hotels source squid for preparation in diverse dishes, from sushi to fried calamari. The growth of the food service sector, driven by rising dining out trends and international cuisine popularity, is a key factor in the expanding demand for squid.

Overall, the global squid market is driven by a combination of diverse squid types, varied product forms, and a wide range of distribution channels, catering to different consumer preferences across retail, specialty, and food service sectors. As the market grows, innovations in processing and distribution continue to expand squid’s global footprint.

Global Squid Segment Analysis

In this report, the Global Squid Market has been segmented by Type, Product, Distribution Channel and Geography.

Global Squid Market, Segmentation by Distribution Channel

The Global Squid Market has been segmented by Distribution Channel into Food Retail, Supermarket, Hypermarket, Specialty Store, Others, and Food Service.

Food retail is a broad category that encompasses various grocery stores, convenience stores, and online platforms where squid products are sold directly to consumers for home preparation. With increasing demand for convenience and ready-to-eat meals, food retail plays a vital role, especially for processed squid products like frozen and canned varieties. The ease of purchasing squid through online platforms has also expanded this channel, making it accessible to consumers worldwide.

Supermarkets and hypermarkets are major distribution points for squid, particularly in regions where seafood consumption is high. These large-scale retail outlets offer a wide variety of squid products, including fresh, frozen, and canned squid. They cater to both general consumers and seafood enthusiasts, with supermarkets and hypermarkets becoming one-stop shops for diverse food products. The availability of squid in these large stores ensures that it remains accessible to a broad consumer base, driving its market penetration across various geographical locations.

Specialty stores focus on high-quality or niche food products, including premium seafood. In these stores, consumers can find specific squid varieties, such as fresh squid, frozen specialty cuts, or other seafood-related products that are not typically available in larger supermarkets. These stores cater to seafood connoisseurs, health-conscious consumers, and those seeking specialty or organic seafood options. The increasing preference for fresh, high-quality squid and other seafood products in this segment supports the growth of specialty stores.

The others category encompasses additional distribution channels such as local fish markets, wholesalers, and regional retailers that may cater to more specific consumer segments, including local restaurants and smaller retail outlets.

Finally, food service is a significant distribution channel, especially for fresh squid. In the food service industry, squid is used in various culinary applications, including restaurants, cafes, catering, and institutional food service providers. This sector is growing due to rising dining-out trends, the increasing popularity of international cuisines like Japanese (sushi) and Mediterranean (calamari), and the demand for fresh, high-quality seafood in restaurants. Food service accounts for a large portion of fresh squid consumption, where it is often prepared in dishes that require quality ingredients.

Global Squid Market, Segmentation by Geography

In this report, the Global Squid Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Squid Market Share (%), by Geographical Region, 2024

Geographically, the global squid market is divided into key regions: North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America, each exhibiting unique consumption patterns and market dynamics. In North America, the demand for squid is driven by a growing interest in seafood-based diets and the rising popularity of Asian cuisines that incorporate squid as a key ingredient. The increasing awareness of the health benefits associated with seafood consumption also contributes to the market's growth in this region, as consumers seek nutritious and protein-rich food options. Moreover, the availability of various processed squid products caters to the convenience-focused lifestyle of many North American consumers.

Europe, with its strong culinary traditions that embrace seafood, sees significant consumption of squid, particularly in Mediterranean and local cuisines. Countries like Spain, Italy, and Greece have long incorporated squid into their traditional dishes, making it a staple in their diets. The region's preference for high-quality, sustainable seafood further supports market growth, as consumers increasingly prioritize the environmental impact of their food choices. This trend towards sustainability, coupled with the rich culinary heritage, ensures a steady demand for both fresh and processed squid products in Europe, driving the overall market expansion.

This report provides an in depth analysis of various factors that impact the dynamics of Global Squid Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Drivers:

• Increasing Demand for Seafood-Based Diets

• Versatility in Culinary Applications:Squid's versatility in various cuisines, including Mediterranean, Asian, and local dishes, makes it a favored ingredient globally. Its ability to be prepared in multiple ways, from grilling to frying to inclusion in salads and stews, appeals to diverse consumer tastes and preferences, further boosting its demand.
  
  Growing consumer awareness of the health benefits of seafood, such as high protein content, low fat levels, and rich nutrient profiles, drives the demand for squid. As more people adopt healthier eating habits and seek nutritious food options, squid's popularity continues to rise, contributing to market growth.

Restraints:

• Overfishing and Sustainability Concerns

• Price Volatility and Supply Chain Disruptions:The squid market is susceptible to price fluctuations and supply chain disruptions due to factors such as adverse weather conditions, geopolitical issues, and variations in catch volumes. These challenges can impact the consistent availability and pricing of squid products, affecting market stability.
  
  The global squid market faces challenges related to overfishing and environmental sustainability. Unsustainable fishing practices can lead to depletion of squid populations, posing a threat to long-term supply and raising concerns among environmentally conscious consumers and regulatory bodies.

Opportunities:

• Expansion in Emerging Markets

• Technological Advancements in Processing and Packaging:Innovations in squid processing and packaging technologies offer opportunities to enhance product quality, shelf life, and convenience. Improved processing techniques can retain squid's nutritional value and flavor, while advanced packaging solutions can ensure freshness and extend shelf stability, appealing to a broader consumer base.
  
  Rapid urbanization, increasing disposable incomes, and changing dietary habits in emerging economies present significant opportunities for the squid market. Targeted marketing and strategic product positioning can help tap into these growing markets, where demand for both fresh and processed squid is on the rise.

Key players in Global Squid Market include:

• GRUPO NUEVA PESCANOVA
• Maruha Nichiro
• NISSUI
• OCEANA GROUP
• Thai Union Group

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis