U.S. Seafood Market Set for Substantial Growth to US$ 41.7 Bn by 2032 - Persistence Market Research

The U.S. seafood market is witnessing a robust upward trajectory, underpinned by shifting dietary preferences, rising health consciousness, and increasing immigrant populations with seafood-centric cuisines. As per Persistence Market Research (PMR), the U.S. seafood market size is projected to grow from US$ 30.1 Bn in 2025 to US$ 41.7 Bn by 2032, reflecting a CAGR of 4.8%. Historically, from 2019 to 2024, the market expanded at a CAGR of 3.5%.

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Demand for seafood across the country is surging, especially among consumers aiming to replace red meat with low-fat, protein-rich alternatives like fish and shrimp. Fish remains the leading product segment, forecast to account for 64.7% of the market share in 2025. Meanwhile, Southeast U.S. emerges as the dominant region, projected to hold a 23.6% share in 2025, driven by its coastal advantage and robust shrimp production infrastructure.

Key Highlights from the Report

➤ Fish is projected to dominate with a 64.7% share in 2025, driven by nutrition-focused school programs and culinary education.
➤ On-trade distribution channels will account for 57.3% of the market share by 2025 amid rising popularity of sushi and seafood tapas bars.
➤ Southeast U.S. will likely command 23.6% share owing to proximity to Gulf and Atlantic coasts.
➤ Demand for protein-rich, low-fat diets is propelling seafood adoption over red meats.
➤ Midwest and Southeast regions are attracting inland aquaculture investments to ease reliance on coastal production.
➤ Ecological shifts are diversifying seafood offerings with exotic species like black sea bass becoming mainstream.

Market Segmentation

The U.S. seafood market is segmented based on type, form, distribution channel, and regional zones. Among types, fish leads the category, followed by shrimp. The form segment includes canned, fresh/chilled, frozen, and processed seafood products, catering to diverse consumer preferences. Distribution is split into off-trade (supermarkets/hypermarkets, convenience stores, online platforms) and on-trade (restaurants, hotels, and food service). Geographically, the market is divided into West, Midwest, Southwest, Southeast, and Northeast U.S.

Regional Insights

West U.S. is a vital seafood economy led by Alaska, California, and Oregon. Alaska alone contributes over half of the region's seafood landings. However, fisheries such as Dungeness crab and Chinook salmon are vulnerable to ecological disruptions like warming waters and domoic acid contamination, which lead to temporary fishery closures.

Southeast U.S. dominates due to proximity to the Gulf of Mexico. States like Florida, Alabama, and Louisiana are key contributors to shrimp production. However, intense price competition from imported shrimp (especially from Vietnam and India) has reduced profit margins for local shrimpers.

Midwest U.S. functions primarily as a distribution hub for imported seafood. Chicago alone processes over 200 Mn pounds of seafood annually. The region is emerging as an aquaculture hub, particularly Indiana, with operations using sustainable closed-loop systems to produce trout and salmon.

Market Drivers

A major market driver is changing U.S. demographics, especially the growth of immigrant communities from seafood-loving cultures. Populations from Asia Pacific and Latin America are fostering new consumption patterns, turning seafood into an everyday meal rather than an occasional delicacy. Moreover, the health-conscious shift among American consumers is pushing preference for omega-3 rich, low-calorie protein sources like fish.

Market Restraints

A significant restraint is the rising cost of refrigerated shipping (reefers). The U.S.'s heavy reliance on imported seafood means that disruptions in global shipping, particularly soaring reefer container costs, directly affect domestic seafood prices. Between 2019 and 2022, reefer costs from Asia to the U.S. West Coast tripled, leading to price hikes for commonly imported species such as tilapia and basa.

Market Opportunities

There lies immense opportunity in promoting underutilized fish species. Presently, 90% of seafood consumption is centered around just five species. Prominent retailers are now diversifying offerings by launching Arctic char, monkfish, and barramundi to address sustainability concerns and reduce reliance on overfished species. These new introductions, often lower in mercury and high in protein, are increasingly gaining traction.

Reasons to Buy the Report

✔ Gain deep insights into U.S. seafood market dynamics from 2019 to 2032.
✔ Identify high-growth segments and regions to target strategic investments.
✔ Access competitive landscape and recent developments by key players.
✔ Leverage data on emerging trends like inland aquaculture and climate-induced fish migration.
✔ Make data-driven decisions for sourcing, pricing, and distribution strategies.

Company Insights

• Trident Seafood Corporation
• High Liner Foods Inc.
• Mowi ASA
• Beaver Street Fisheries
• Inland Seafood Inc.
• NH Foods Ltd
• Sysco Corporation
• Thai Union Group PCL
• Admiralty Island Fisheries Inc.
• The Kraft Heinz Company

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This release was published on openPR.