United States Seafood Market 2025 | Innovation, Investment Opportunities & Future Growth Prospects

Market Size and Growth

The global seafood market is growing at a CAGR of 8.5% during the forecast period (2024-2031).

Key Development:

United States: Recent Seafood Industry Developments

✅ July 2025 - Wildtype, a California-based startup, debuted lab-grown Coho salmon in the U.S. after receiving FDA approval. The cell-cultured salmon offers a sustainable alternative to traditional fish farming.

✅ July 2025 - Mitsubishi Corporation acquired three salmon farms from Norway's Grieg Seafood ASA through its subsidiary, Cermaq Group, for $988 million. This acquisition aims to increase annual salmon production to 280,000 tons by 2027.

✅ April 2025 - President Trump signed an executive order to boost domestic seafood production by easing regulations and opening marine national monuments to commercial fishing. This move aims to strengthen the U.S. fishing sector and reduce reliance on seafood imports.

Japan: Recent Seafood Industry Developments

✅ September 2025 - Kyokuyo Co., Ltd. reached an agreement to acquire a majority stake in the Engelsviken Group, including its Danish and Norwegian subsidiaries, expanding its global seafood operations.

✅ July 2025 - Japan's "Tuna King" plans to invest in Papua New Guinea's fisheries, aiming to create an international seafood hub and enhance tuna supply chains.

✅ February 2025 - Sanko Marketing Foods, a Tokyo-based pub chain, launched a fisheries and aquaculture subsidiary to strengthen its seafood procurement and sustainability efforts.

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Seafood refers to edible marine and freshwater organisms, including fish, shellfish, crustaceans, and mollusks, valued for their high-quality protein, omega-3 fatty acids, vitamins, and minerals. Consumed globally in fresh, frozen, canned, or processed forms, seafood supports heart health, brain function, and overall nutrition. Driven by rising health awareness, convenience products, and sustainable sourcing initiatives, the seafood market continues to expand across retail, foodservice, and functional food sectors.

Recent Seafood Mergers & Acquisitions

United States: Recent Seafood Mergers & Acquisitions

✅ February 2025 - Yumbah Aquaculture proposed a merger with Clean Seas Seafood, aiming to consolidate operations and enhance market reach in the yellowtail aquaculture sector.

✅ February 2025 - CenSea expanded its market presence by acquiring Ocean Garden Products' shrimp portfolio, strengthening its position in the U.S. retail seafood market.

✅ January 2025 - Mowi acquired Nova Sea, a Norwegian salmon farming company, for €625 million, marking a significant expansion in its European operations.

Japan: Recent Seafood Mergers & Acquisitions

✅ February 2025 - Maruha Nichiro merged its Alaska pollock processing subsidiaries, Westward Seafoods and Alyeska Seafoods, to improve operational efficiency and profitability.

✅ July 2024 - Sojitz Corporation acquired the U.S. takeout sushi business of Sushi Avenue Inc., expanding its seafood operations in the American market.

Key Players:

-> Nippon Suisan Kaisha Ltd., Maruha Nichiro, Mowi ASA, Charoen Pokphand Foods Group, Dongwon Group, Marubeni Corporation, OUG Holdings, Mitsubishi Corporation, Trident Seafoods Corporation, and Thai Union Group Public Company Limited.

Growth Forecast Projected:

The Global Seafood Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Seafood Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Product Type: Fish, Mollusca, Crustaceans, Others

By Form: Fresh, Processed

By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Online Sales, Others

Regional Analysis for Seafood Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Seafood producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Seafood revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

Q: What is the growth rate of the Seafood Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 8.5% during the forecast period from 2024 to 2031.

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