Seafood Market by Expert Industy Analysis 2031

Historic Data: 2021-2023 | Base Year: 2024 | Forecast Period: 2025-2031

Coverage: Seafood Market covers analysis By Product Type (Fish, Crustaceans, Mollusks, and Others), Category (Fresh, Frozen, Canned, and Others), and Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online Retail, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

Report Date : Nov 2025
Report Code : TIPRE00015945

Category : Food and Beverages
Status : Upcoming

Available Report Formats :
No. of Pages : 182

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Page Updated: Aug 2025

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Seafood Market is expected to register a CAGR of 3.00% from 2025 to 2031, with a market size expanding from US$ 181.94 Billion in 2024 to US$ 223.76 Billion by 2031.

The report is categorized by Product Type (Fish, Crustaceans, Mollusks) and further analyzes the market based on Category (Fresh, Frozen, Canned). It also examines the market by and Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online Retail) . A comprehensive breakdown is provided at global, regional, and country levels for each of these key segments.

The report includes market size and forecasts across all segments, presenting values in USD. It also delivers key statistics on the current market status of leading players, along with insights into prevailing market trends and emerging opportunities.

Purpose of the Report

The report Seafood Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Seafood Market Segmentation

Product Type

Fish
Crustaceans
Mollusks

and Distribution Channel

Supermarkets & Hypermarkets
Specialty Stores
Online Retail

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Seafood Market: Strategic Insights

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Seafood Market Growth Drivers

Sustainable Fishing Practices Boost Seafood Market Growth
Local Sourcing Connects Consumers to Fresh Seafood
Innovative Seafood Products Cater to Health-Conscious Shoppers

Seafood Market Future Trends

Sustainable fishing practices attract eco-conscious consumers.
Unique seafood experiences boost culinary tourism.
Health trends drive demand for nutritious seafood options.

Seafood Market Opportunities

Sustainable Seafood: The Future of Eco-Friendly Dining
Tech-Driven Fishing: Innovations Reshaping the Seafood Industry
Seafood Traceability: Consumers Demand Transparency and Trust

Seafood Market Regional Insights

The regional trends and factors influencing the Seafood Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Seafood Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Seafood Market Report Scope

Report Attribute	Details
Market size in 2024	US$ 181.94 Billion
Market Size by 2031	US$ 223.76 Billion
Global CAGR (2025 - 2031)	3.00%
Historical Data	2021-2023
Forecast period	2025-2031
Segments Covered	By Product Type Fish Crustaceans Mollusks By Category Fresh Frozen Canned By and Distribution Channel Supermarkets & Hypermarkets Specialty Stores Online Retail
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	American Seafoods Company LLC Kangamiut Seafood A/C Lee Fishing Company Pacific American Fish Co. Inc. Royal Greenland A/S Mowi ASA The Union Group PCL Grupo Nueva Pescanova Trident Seafoods Corporation

Seafood Market Players Density: Understanding Its Impact on Business Dynamics

The Seafood Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Get the Seafood Market top key players overview

Key Selling Points

Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Seafood Market, providing a holistic landscape.
Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Seafood Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

Frequently Asked Questions

Can you list some of the major players operating in the global seafood market?

The major players operating in the global seafood market are American Seafoods Company LLC, Kangamiut Seafood A/C, Lee Fishing Company, Pacific American Fish Co. Inc., Royal Greenland A/S, Mowi ASA, The Union Group PCL, Grupo Nueva Pescanova, Trident Seafoods Corporation, SeaPak Shrimp & Seafood Company among many others.

Which region held the largest share of the global seafood market?

In 2019, the Asia Pacific held the largest share of the global seafood market. Asia Pacific is a mature and well-established market for seafood. Countries such as Japan, China, and South Korea have a traditional significance of fish in their cultures, and hence, the high demand for fish in these countries is likely to fuel the growth of the seafood market. In addition to fresh seafood, canned seafood is also highly embraced by the regionâ€™s population. For instance, tuna is highly popular among the Asian people attributed to its appealing taste and ability to blend well with multiple flavors. The canned tuna products penetrating the Asian market are exhibiting unique flavors apart from the conventional ones. However, in recent years the canned tuna sales in the region have been declining due to the consumers swaying towards other seafood, particularly shellfish. Thus, the manufacturers have been innovating their products in terms of base ingredients that can attract consumers. However, in Australia, canned tuna sales are escalating.

Based on type, why is the crustaceans type segment expected to grow at the highest rate during 2020â€“2027?

The growth of the crustaceans type segment is primarily attributed to the fact as many species of crustaceans are found in freshwater, seawater and also in inland brines. The crustaceans group include some commonly consumed seafoods like crab, shrimp, lobsters, prawns, crayfish, krill and barnacles. These crustaceans develop form larvae and bear segmented, split limbs or appendages. The fisheries in many parts of the world capture prawns, shrimps, spiny lobsters and king crabs, especially from the Northern Pacific and its southern counterparts. Many species of true crabs like the blue crab, Dungeness crab and stone crab serves as a valuable source of food. Crustaceans are consumed as seafoods as they are loaded with lean proteins, micronutrients and healthy fats. They aid in weight loss, helps in boosting immunity and promotes heat & brain health.

Research Manager

Habi Ummer

Manager,
Market Research & Consulting

Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

What are the Seafood Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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