Seafood Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis

"The Seafood Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Seafood Market?
The scale of the seafood market has been consistently increasing over the past few years. The projected growth from $252.67 billion in 2024 to $270.43 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.0%. Several contributing factors have driven this historical growth, including the diversity in culinary practices and globalization, improvement in cold chain logistics, a surge in consumer demand for convenience, patterns of consumption influenced by seasonal and cultural variations, and the need for health and safety standards.

The seafood market is projected to witness robust expansion in the upcoming years, reaching a value of $357.56 billion in 2029 with a compound annual growth rate (CAGR) of 7.2%. The growth during the forecast period can be credited to the surge in plant-based seafood alternatives, global gastronomic integration, health and nutrition trends, expansion of e-commerce in seafood retail, government-backed aquaculture projects, and crisis readiness and resiliency. Notable trends expected during this forecasting period include advancement in seafood products, diversity of seafood species, global taste influences, collective efforts for conservation, and the application of technology for traceability and transparency.

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What Are the Different Seafood Market Segments?
The seafood market covered in this report is segmented -

1) By Type: Crustaceans, Fish, Other Seafood
2) By Product Type: Frozen, Dried, Smoked, Canned, Other Product Types
3) By Nature: Organic, Conventional
4) By Distribution Channel: Super markets/Hyper markets, Convenience Stores, E-Commerce, Other Distribution Channels

Subsegments:
1) By Crustaceans: Shrimp, Crab, Lobster, Crawfish
2) By Fish: Salmon, Tuna, Cod, Sardines
3) By Other Seafood: Mollusks, Seaweed, Caviar, Anchovies

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What Are the Primary Drivers Shaping the Seafood Market?
As the global population expands, anticipated to hit 10 billion by 2050, the requirement for food consequently escalates. The OECD and FAO's ""The Agricultural Outlook"" predicts a rise in worldwide cereal production by 13% by the year 2027. To cater to the surging population, escalation in crop production, farming operations, and trade quantities is inevitable. Consequently, this surge presents an opportunity for companies within this market sector. These companies, especially those in the seafood manufacturing market, are likely to see an increase in demand for food and beverage items due to the population growth forecasted for the upcoming period.

Which Companies Are Leading in the Seafood Market?
Major companies operating in the seafood market include Marubeni America Corporation, Sysco Corporation, Bumble Bee Foods, The Kraft Heinz Company, Charoen Pokphand Foods PCL, Coastal Corp. Ltd., Maruha Nichiro Corporation, Nippon Suisan Kaisha Ltd., Nichirei Corporation, Thai Union Group PCL, Trident Seafoods Corporation, Lerøy Seafood Group ASA, Bolton Group Srl, High Liner Foods Inc., Nichimo Co. Ltd., Young's Seafood Ltd., Oceana Group Ltd., Grieg Seafood ASA, Austevoll Seafood ASA, Inland Seafood Inc., Beaver Street Fisheries, Cooke Aquaculture Inc., American Seafoods, Handy Seafood Inc., Pacific Seafood, Phillips Foods Inc.

What Trends Are Expected to Dominate the Seafood Market in the Next 5 Years?
Leading enterprises in the seafood market are turning to inventive flavors such as fish-flavored churros, to broaden their customer base and boost market attractiveness. Fish-flavored churros present an inventive culinary creation where traditional churros, normally a sweet treat made of fried dough, get a savory twist with fish flavors. For example, in April 2024, a fishing company from Spain, Profand, introduced a new product line of fish-flavored churros named Snackish at Seafood Expo Global 2024 in Barcelona. The churros are prepared using fish flour sourced from salmon and cod, and are flavored with fish fumet, available in two varieties: salmon and cod. Each variant is served with sauces that perfectly complement the flavors, sweet pepper or sweet red pepper accompanies the cod churros, and tartar sauce is for salmon. Profand underscores sustainability in their products, using fish types like tarpon, permit, and bonefish to reduce food waste. The product has received a warm initial response, further testing in other regions beyond Spain is in the pipeline.

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What Are the Top Revenue-Generating Geographies in the Seafood Market?
Asia-Pacific was the largest region in the seafood market in 2024. Western Europe was the second-largest region in the seafood market. The regions covered in the seafood market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Seafood Market?
2. What is the CAGR expected in the Seafood Market?
3. What Are the Key Innovations Transforming the Seafood Industry?
4. Which Region Is Leading the Seafood Market?

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