U.S. Seafood Market Projected to Expand to USD 41.7 Billion by 2032 | Persistence Market Research Report

The U.S. seafood market is a rapidly growing sector within the global food industry, with a market size projected to expand from US$ 30.1 billion in 2025 to US$ 41.7 billion by 2032. This represents a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2025 to 2032. The U.S. market is characterized by its heavy reliance on both domestic production and international imports, with seafood consumption steadily increasing due to the rising demand for protein-rich, low-fat dietary options. In fact, the U.S. is one of the world's largest importers of seafood, with nearly 70-85% of the seafood consumed in the country sourced from foreign markets. This has led to the growth of an advanced cold storage infrastructure and an efficient supply chain network to meet domestic demand and ensure the consistent quality of products.

Fish, as the leading segment, is projected to contribute 64.7% of the market share in 2025. This growth can be attributed to the increasing awareness of the health benefits of fish, which is rich in omega-3 fatty acids, vitamins, and minerals. Additionally, changing demographics and cultural shifts have played a role in bolstering seafood consumption across the country. The U.S. seafood market is also heavily influenced by geographical regions. The Southeast U.S., with its proximity to the Gulf and Atlantic coasts, is expected to hold a significant share of the market in 2025, accounting for 23.6% of the total market. This region's strategic position allows for a steady supply of popular seafood varieties like shrimp, oysters, and crab, which are staples in American diets.

Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response): https://www.persistencemarketresearch.com/samples/35226

Key Highlights from the Report

➤ The U.S. seafood market is projected to reach US$ 41.7 billion by 2032, growing at a CAGR of 4.8%.
➤ Fish is expected to generate 64.7% of the market share in 2025.
➤ The Southeast U.S. is expected to account for 23.6% of the market share in 2025.
➤ The on-trade distribution channel is anticipated to dominate the market with a 57.3% share in 2025.
➤ The increasing preference for seafood over red meat is fueling the demand for fish and shrimp in the U.S.
➤ Rising demand for protein-rich diets and eco-friendly seafood species is shaping consumption patterns.

Market Segmentation

The U.S. seafood market is segmented based on various factors, including product type, distribution channel, and region. The product type segment includes fish, shrimp, and other seafood, with fish expected to dominate in terms of market share. Fish's popularity is driven by its relatively lower price compared to other seafood types and its health benefits, such as high omega-3 content. The shrimp segment is also growing steadily, with a CAGR expected from 2025 to 2032, as shrimp's versatility in cuisines and ongoing expansion of domestic shrimp farming make it a preferred option in both households and restaurants.

Another key segment is the distribution channel, which is divided into off-trade and on-trade channels. The on-trade segment, encompassing restaurants and foodservice establishments, is expected to hold the largest market share in 2025. This growth can be attributed to the increasing demand for seafood in urban areas, where sushi bars, poke bowls, and seafood tapas are becoming increasingly popular. On the other hand, the off-trade segment, particularly the online sales channel, is also experiencing significant growth. Consumers increasingly prefer the convenience of ordering seafood online, especially with the rise of contactless delivery services and innovations in digital payment systems.

Regional Insights

The U.S. seafood market exhibits regional trends that are shaped by local fishing practices, consumer preferences, and logistical factors. The Southeast U.S. plays a pivotal role in the domestic seafood industry, particularly due to its proximity to the Gulf of Mexico and the Atlantic Ocean. This region is expected to account for a significant portion of the market share, providing fresh shrimp, oysters, and crabs to meet the high demand in both local and national markets. In 2022, Louisiana, one of the primary seafood-producing states in the Southeast, produced over 35,000 metric tons of shrimp, bolstering the region's position as a key player in the U.S. seafood market.

In contrast, the West Coast, specifically Alaska, is another critical hub for the U.S. seafood industry. Alaska is home to some of the country's largest seafood fisheries, contributing significantly to national seafood sales. However, the West Coast also faces challenges, such as declining salmon populations and the effects of warming ocean waters. Despite these obstacles, the region remains vital for U.S. seafood production, with the Pacific region accounting for over US$ 5.6 billion in seafood sales in 2022.

Market Drivers

One of the primary drivers of the U.S. seafood market is the changing demographics and the increased cultural emphasis on seafood consumption. Communities from Asia Pacific and Latin America, particularly from countries where seafood is a staple food, have led to a rise in demand for fish, shrimp, and shellfish. For instance, Asian-American populations have fueled the demand for seafood dishes such as sushi, poke, and shrimp-based curries. These demographic shifts are expected to continue influencing the seafood consumption patterns, making seafood a more integral part of everyday meals for many U.S. households.

Additionally, health and wellness trends are contributing to the rising demand for seafood. As consumers become more health-conscious, they are increasingly choosing seafood over red meat due to its lower fat content and rich nutrient profile. Fish, especially species like salmon and tuna, is becoming a key ingredient in health-conscious diets. As seafood continues to be marketed as a source of lean protein and essential fatty acids, its popularity is expected to rise, driving further growth in the U.S. seafood market.

Market Restraints

While the U.S. seafood market is growing, it faces several challenges that could hinder its potential. One of the most significant barriers is the rising cost of shipping, particularly for refrigerated containers required for the transportation of seafood. Between 2019 and 2022, shipping costs for refrigerated containers from Asia to the U.S. West Coast tripled, resulting in higher retail prices for imported species like tilapia and basa. This logistical challenge has led to increased consumer prices, potentially reducing demand for imported seafood, particularly among cost-sensitive consumers.

Furthermore, the seafood industry is facing sustainability concerns related to overfishing, environmental damage, and the long-term viability of certain seafood species. With climate change affecting marine ecosystems, fish populations and harvests are becoming increasingly unpredictable. The impacts of climate change, such as ocean warming and acidification, are also threatening seafood resources, which could result in supply shortages and further price increases in the future.

Market Opportunities

The U.S. seafood market has significant opportunities in the promotion of underutilized seafood species. A major shift in the market is taking place as companies and retailers seek to expand the variety of seafood consumed in the U.S. Currently, around 90% of seafood consumption in the U.S. is concentrated around just five species: salmon, shrimp, tilapia, tuna, and pollock. As a result, there is an opportunity to promote lesser-known and underutilized species such as barramundi, monkfish, and Arctic char. Retailers, including Walmart and Wegmans, are already capitalizing on this trend by introducing new seafood varieties to the market. This not only helps reduce environmental strain but also caters to the growing consumer demand for diverse and sustainable seafood options.

Another opportunity lies in the expanding aquaculture industry, especially inland aquaculture. As the demand for sustainable, locally sourced seafood grows, inland farming operations for species like trout and salmon are gaining popularity in areas such as the Midwest and Southeast. These operations offer a more eco-friendly alternative to traditional coastal fisheries, as they help reduce dependence on wild fish populations while meeting growing consumer demand for high-quality seafood.

Frequently Asked Questions (FAQs)

➤ How big is the U.S. seafood market?
➤ Who are the key players in the U.S. seafood market?
➤ What is the projected growth rate of the U.S. seafood market from 2025 to 2032?
➤ What is the market forecast for the U.S. seafood industry in 2032?
➤ Which region is estimated to dominate the U.S. seafood industry through the forecast period?

Company Insights

✦ SeaPak
✦ Mowi ASA
✦ Sysco Corporation
✦ Thai Union Group PCL
✦ Trident Seafood Corporation
✦ Admiralty Island Fisheries Inc.
✦ High Liner Foods Inc.

Recent Developments

■ SeaPak, a leading frozen seafood supplier, is set to invest in marketing its breaded shrimp products to children across the U.S., collaborating with Jim Henson's Creature Shop to create engaging campaigns.
■ Noronha Pescados, a Brazilian seafood processor, introduced Popeye-branded seafood products in the U.S., aiming to enhance its international presence through a licensing agreement with King Features.

Contact Us:

Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

This release was published on openPR.