South Korea Seafood Market Size, Share, Industry Overview, Trends and Forecast 2025-2033

IMARC Group has recently released a new research study titled "South Korea Seafood Market Size, Share, Trends and Forecast by Type, Form, Distribution Channel, and Region, 2025-2033", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

South Korea Seafood Market Overview

The South Korea seafood market size was valued at USD 4.58 Billion in 2024 and is forecast to reach USD 6.69 Billion by 2033. The market is expected to grow at a CAGR of 4.09% during the period 2025-2033. Growth is driven by strong domestic demand, cultural reliance on seafood-rich diets, advancements in aquaculture, and increasing global demand for Korean cuisine.

Study Assumption Years
• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

South Korea Seafood Market Key Takeaways
• The South Korea seafood market size was valued at USD 4.58 Billion in 2024.
• The market is expected to exhibit a CAGR of 4.09% during 2025-2033.
• The forecast period is 2025-2033, with the market projected to reach USD 6.69 Billion by 2033.
• Honam (Southwestern Region) dominated the market with a share of 41.2% in 2024.
• The market growth is supported by aquaculture advancements and government initiatives promoting sustainable fishing.
• Increasing urbanization and evolving consumer patterns are expanding the ready-to-eat and value-added seafood markets.
• Robust cold chain logistics enhance supply efficiency and product availability nationwide.

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Trends in the South Korea Seafood Market

Increasing Demand for Sustainable Seafood

The South Korea seafood market is experiencing a notable increase in demand for sustainable seafood options as consumers become more environmentally conscious. With growing awareness of overfishing and the impacts of seafood production on marine ecosystems, many consumers are seeking products that are certified sustainable. This trend is significantly contributing to the South Korea seafood market size, as retailers and suppliers adapt their offerings to meet consumer preferences. By promoting sustainably sourced seafood, businesses can enhance their brand reputation and appeal to a broader audience, ultimately driving growth in the sector.

Growth of Online Seafood Retail

Another significant trend shaping the South Korea seafood market is the growth of online seafood retail. As e-commerce continues to expand, more consumers are turning to online platforms for their seafood purchases. This shift is positively impacting the South Korea seafood market share, as traditional seafood markets and suppliers establish their online presence to reach a wider customer base. The convenience of online shopping, combined with the ability to access a variety of products, is attracting tech-savvy consumers who prefer the ease of ordering seafood from home. As this trend continues, it is expected to reshape the distribution landscape within the seafood market.

Rising Popularity of Processed Seafood Products

The rising popularity of processed seafood products is another key trend influencing the South Korea seafood market. With busy lifestyles and changing consumer preferences, there is an increasing demand for ready-to-eat and convenient seafood options. This trend is contributing to the overall South Korea seafood market growth, as manufacturers invest in developing innovative processed seafood products such as frozen meals, canned seafood, and marinated options. By offering convenient solutions that cater to modern consumers, businesses can capitalize on this growing segment and enhance their market position.

Focus on Health and Nutritional Benefits

The focus on health and nutritional benefits associated with seafood consumption is becoming increasingly prominent in the South Korea seafood market. As consumers become more health-conscious, they are recognizing the advantages of incorporating seafood into their diets, such as high protein content and omega-3 fatty acids. This trend is impacting the South Korea seafood market size, as health-focused marketing strategies gain traction among consumers. By emphasizing the nutritional value of seafood, businesses can attract health-oriented customers and promote increased seafood consumption. As awareness of the health benefits continues to rise, the seafood market is expected to experience sustained growth in the coming years.

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Market Segmentation
By Type:
• Fish: The largest segment comprising around 65.5% of the market in 2024. Fish includes species like yellowtail and sea bream that are staples of Korean cuisine, supported by aquaculture and traditional fishing.
• Shrimps: Not separately described in detail in the source.
• Others: Not separately described in detail in the source.
By Form:
• Fresh/Chilled: Not separately quantified but part of overall market.
• Frozen/Canned: Leading form segment with approximately 49.6% market share in 2024. These products offer convenience and longer shelf life, appealing to busy consumers.
• Processed: Not separately quantified but available as value-added seafood products.
By Distribution Channel:
• Off Trade: Dominates the sector with around 64.4% market share in 2024. Includes supermarkets, hypermarkets, convenience stores, and e-commerce, offering convenience and variety.
• On Trade: Not individually detailed but includes restaurant and food service sectors.

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Regional Insights

Honam (Southwestern Region) holds the largest share of the South Korea seafood market at 41.2% as of 2024. This dominance is due to its vast coastline, rich marine environment in the Yellow Sea, and major ports like Mokpo and Yeosu supporting vibrant fish markets and aquaculture operations. Government investments in sustainability further enhance its leading position.

Recent Developments & News

• April 2025: The first land-based salmon farm in South Korea commenced operations using recirculating aquaculture system (RAS) technology by GS Engineering & Construction's subsidiary Eco Aquafarm.
• April 2025: Lerøy Seafood Group launched its South Korean branch, Lerøy Korea, aiming to expand its market footprint and having already introduced trout products on major online platforms.
• February 2025: Raon Bada received the first Aquaculture Stewardship Council (ASC) certification for olive flounder (Gwangeo), marking a commitment to sustainable seafood production.
• January 2025: The Ministry of Oceans and Fisheries outlined a Development Plan for the Oyster Aquaculture Industry aiming to increase production by 100,000 tons and double exports to USD 160 million by 2030.

Key Players
• Billion Food Co. Ltd.
• E & K Co. Ltd.
• Woowon Holdings Co. Ltd.
• Yurim Fishery and Distribution Co. Ltd.

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