Global Seafood market Report Insights and Growth Outlook to 2034 - Strategic Trade Shifts, Tariff Impacts, and Supply Chain Reinvention Driving Competitive Advantage

According to OG Analysis, a renowned market research firm, the Global Seafood market was valued at USD 224.6 Billion in 2024. The market is projected to grow at a compound annual growth rate (CAGR) of 7.5%, rising from USD 242.9 Billion in 2025 to an estimated USD 464.7 Billion by 2034.
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Seafood market Overview
The global seafood market is experiencing steady growth, driven by rising consumer demand for protein-rich, nutrient-dense foods and increasing awareness of the health benefits associated with seafood consumption. The market encompasses a diverse range of products, including fish (finfish), crustaceans (shrimp, crab, lobster), mollusks (oysters, clams, squid, octopus), and other marine and freshwater species, processed into fresh, frozen, canned, dried, or value-added forms. The expansion of aquaculture has significantly transformed supply chains, reducing reliance on wild-caught stocks and providing stable supplies to meet global demand. Asia-Pacific remains the largest producer and consumer, led by countries like China, India, Vietnam, Indonesia, and Thailand, driven by robust aquaculture infrastructure, export-oriented production, and domestic seafood traditions. Simultaneously, North America and Europe continue to witness strong demand for premium, sustainably sourced seafood products, including organic-certified, ASC-labelled, and MSC-certified items, with retail and foodservice sectors integrating sustainable sourcing commitments into their procurement strategies.

However, the market faces persistent challenges, including overfishing, habitat degradation, illegal, unreported, and unregulated (IUU) fishing activities, and climate change impacts on marine ecosystems. To address these concerns, governments and industry stakeholders are implementing traceability systems, sustainable fisheries management, and aquaculture best practices to ensure long-term resource availability and environmental compliance. Technological innovations such as recirculating aquaculture systems (RAS), offshore aquaculture, and digital supply chain monitoring are emerging as transformative solutions to enhance productivity, traceability, and environmental stewardship. Additionally, changing consumer preferences are driving demand for ready-to-cook seafood meals, frozen fillets, marinated products, and convenient seafood snacks aligned with modern lifestyles. The rise of plant-based seafood analogues and cell-cultured seafood is gradually shaping the market landscape, offering sustainable alternatives to traditional seafood while appealing to ethical and environmentally conscious consumers. Overall, the seafood market is poised for continued growth, supported by sustainable aquaculture development, digital transformation, evolving consumer trends, and stringent regulatory frameworks to balance economic, nutritional, and ecological priorities globally.

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Key Seafood market Companies Analysed in this Report 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.
Admiralty Island Fisheries Inc.
Anna Maria Fish Co.
Marine Harvest ASA
J.J. McDonnell & Co Inc.
Pacific Seafood
Phillips Foods Inc.
Dahu Aquaculture Co. Ltd.
New Zealand King Salmon Investments Ltd.
Oman Fisheries Co. SAOG

Key Insights from the report -
Rapid Growth of Aquaculture
Aquaculture continues to expand, supplying over half of the global seafood demand and reducing reliance on wild-caught fisheries.
Key species driving this growth include shrimp, salmon, tilapia, and pangasius, particularly from Asia-Pacific producers.
Innovations such as recirculating aquaculture systems and offshore farming are enhancing production efficiency and sustainability.

Rising Demand for Sustainable and Certified Seafood
Consumers increasingly seek seafood certified by MSC, ASC, and other sustainability standards for environmental and ethical assurance.
Retailers and foodservice chains are adopting strict sourcing guidelines to ensure traceability and responsible harvesting.
This trend is reshaping procurement strategies and driving market value through premium eco-labelled offerings.

Expansion of Plant-Based and Cultivated Seafood Alternatives
The market for plant-based and cell-cultured seafood alternatives is growing as consumers seek ethical and eco-friendly options.
Innovations include products made from legumes, algae, fermentation, or lab-grown fish cells mimicking texture and taste.
These alternatives offer stable supply, long shelf life, and align with sustainability goals in seafood supply chains.

Technology-Driven Traceability and Supply Chain Transparency
Blockchain, IoT, and digital tracking systems are increasingly implemented to monitor seafood from catch to consumption.
These technologies combat fraud, illegal fishing, and labor exploitation while enhancing supply chain efficiency.
They support regulatory compliance and build consumer trust in seafood safety and sourcing transparency.

Shift Toward Premium and Convenience-Based Products
Consumers prefer ready-to-cook, frozen, marinated, and value-added seafood products for convenience and modern lifestyles.
Demand for premium items such as organic-certified, sushi-grade, and clean-label seafood continues to rise globally.
Brands are innovating with new flavors, portioning, and packaging to differentiate in a competitive retail market.

Impact of Climate Change and Regulatory Pressure
Climate change is affecting fish migration patterns, ocean temperatures, and the sustainability of wild stocks worldwide.
Governments are enforcing stricter regulations on overfishing, IUU fishing, and environmental protection measures.

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Get an In-Depth Analysis of the Seafood market Size and Market Share split -
By Type
- Crustaceans
- Fish
- Other Seafood

By Product Type
- Frozen
- Dried
- Smoked
- Canned
- Other Product Types

By Nature
- Organic
- Conventional

By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- E-Commerce
- Other Distribution Channels

By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)

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