Australia Fish and Seafood Market 2026 | Expected to Grow to USD 6.1 Billion by 2034

Market Overview

The Australia fish and seafood market reached a size of USD 4.1 Billion in 2025 and is projected to expand to USD 6.1 Billion by 2034. The market is set to grow at a CAGR of 4.65% between 2026 and 2034, driven by growing consumer demand for sustainably sourced, high-quality products, increasing health awareness, and enhanced traceability systems. The demand is fueled by advancements in aquaculture and fishing practices, strong export opportunities to Asian markets, and government support for sustainable fishing. Both fresh fish and fresh seafood segments are experiencing significant traction, supported by technological innovations in processing and packaging, evolving consumer preferences for nutritious products, and the expanding foodservice industry, strengthening Australia's position as a premium seafood producer in the global market.

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How AI is Reshaping the Future of Australia Fish and Seafood Market:

• AI-driven aquaculture management systems optimize feeding schedules, monitor water quality in real-time, and predict optimal harvest times by analyzing environmental data, improving productivity and sustainability in the expanding Australia fish and seafood market valued at USD 4.1 Billion.

• Machine learning algorithms enable predictive disease detection in fish farms by analyzing behavioral patterns and environmental conditions, allowing early intervention to prevent stock losses and maintain production efficiency.

• AI-powered traceability platforms provide end-to-end supply chain visibility from ocean to plate, enabling consumers to verify product origin, fishing methods, and sustainability certifications, enhancing transparency and consumer trust.

• Computer vision technology automates quality inspection and grading of seafood products by analyzing size, color, and defects at processing facilities, ensuring consistent product quality and reducing manual labor costs.

• AI facilitates precision harvesting by analyzing fish growth patterns and environmental conditions to determine optimal harvesting times, maximizing yield quality and minimizing resource waste in commercial fishing operations.

• AI-assisted demand forecasting analyzes historical sales data, seasonal patterns, and market trends to optimize inventory management and reduce seafood waste, helping retailers and distributors improve profitability and sustainability.

Market Growth Factors

The Australia fish and seafood industry growth is driven by rising consumer demand for sustainable and certified products. Greater awareness of overfishing and environmental protection is shifting preferences toward responsibly sourced seafood. From 2025, restaurants and cafes will adopt origin labeling under the Australian, Imported, or Mixed (AIM) model, improving transparency. This emphasis on sustainability and traceability strengthens consumer confidence, supports marine conservation, and reinforces Australia's position in premium seafood markets.

Rising exports to Asian markets are significantly boosting industry expansion. Strong demand from Japan, China, and South Korea for premium tuna, lobster, and abalone supports higher export volumes and values. In August 2024, South Australia exported more than 6,000 tonnes of tuna to Japan worth $58 million. The Australian Government's NEXDOC system, launched in 2024, streamlines export documentation, reducing costs and improving efficiency for seafood exporters.

Technological advancements in aquaculture are accelerating market development. Automated feeding, water quality monitoring, and data analytics are improving productivity and sustainability. Recirculating aquaculture systems are gaining traction for environmentally controlled farming. In July 2024, Huon Aquaculture announced a $110 million investment to expand its Tasmanian salmon nursery. Continued public and private investment is enhancing yields, reducing costs, and ensuring consistent supply.

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Market Segmentation

Product Insights:

• Fresh Fish

• Fresh Seafood

Form Insights:

• Fresh

• Frozen

• Canned

• Cured

Distribution Channel Insights:

• Offline

• Online

Regional Insights:

• Australia Capital Territory & New South Wales

• Victoria & Tasmania

• Queensland

• Northern Territory & South Australia

• Western Australia

Key Players

• Huon Aquaculture

• Clean Seas Seafood

• Tassal Group

• Australian Seafood Industries

• Austral Fisheries

• De Costi Seafoods

• Genics (biotechnology)

• Southern Ocean Solutions

Recent Developments & News

• January 2024: Genics, an Australian biotech firm, launched Shrimp MultiPath2.0, a cutting-edge technology for early detection of shrimp diseases. It identifies 18 pathogens in a single test, enhancing precision and efficiency, protecting aquaculture health, preventing stock losses, and boosting farm profitability.

• November 2023: State and territory consumer affairs ministers announced an agreement for limited seafood labeling in restaurants, cafes, and clubs to take effect in 2025, implementing the AIM model (Australian, imported, or mixed origin) to align with retail seafood labeling standards.

• September 2024: The Australian Government launched the NEXDOC system to simplify seafood export documentation, supporting the USD 1.8 billion trade through a digital platform that streamlines permits and certifications, reduces costs, and provides secure QR-coded certificates with improved tracking.

• July 2024: Clean Seas Seafood received an automatic feeder barge, "Eyre Spirit," valued at USD 6 million at Port Adelaide. The barge supports yellowtail kingfish farming near Port Lincoln, improving efficiency, reducing waste, and enabling remote feeding for 90% of operations.

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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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