Seafood Market Report: Insights, Trends, and Forecast (2023-2031)

The global seafood market has emerged as a dynamic sector driven by rising consumer demand, expanding culinary preferences, and evolving distribution channels. This report provides an in-depth analysis of the seafood market, including industry dimensions, key trends, market size, share, statistics, regional insights, and segmentations.

Industry Dimensions

The global seafood market size was valued at USD 169,063.06 million in 2022. It is projected to grow from USD XX million in 2023 to USD 202,046.01 million by 2031, registering a compound annual growth rate (CAGR) of 2.12% during the forecast period (2023–2031). This steady growth reflects the increasing global appetite for seafood, driven by health-conscious consumers and rising disposable incomes.

✨ Ready to dive deeper? Click here to Buy Now or Download a Free Sample to explore comprehensive insights.

Industry Key Trends

• Health and Wellness Focus: Consumers are increasingly choosing seafood for its high nutritional value, including essential omega-3 fatty acids, vitamins, and proteins.

• Technological Advancements: Innovations in aquaculture and fishing techniques enhance seafood production, ensuring sustainability and efficiency.

• Rising Demand for Processed Seafood: Pre-packaged, ready-to-eat, and frozen seafood products are gaining popularity among urban consumers.

• Sustainability Initiatives: Environmental concerns push companies to adopt sustainable fishing practices and eco-labeling.

• Expansion of Distribution Channels: E-commerce platforms and home delivery services are reshaping the seafood retail landscape.

? Stay ahead in the market! Buy Now or Download Free Sample to access full market intelligence.

For more information about the Seafood Market Report, visit Straits Research

Seafood Market Size and Share

The seafood market's robust growth is attributed to expanding consumption across key regions. Major players are actively enhancing their portfolios to capture significant market shares. In 2022, the seafood sector accounted for a substantial share in the global food industry, driven by the steady supply of fish, crustaceans, and mollusks.

Seafood Market Statistics

• Market Size (2022): USD 169,063.06 million

• Projected Market Size (2031): USD 202,046.01 million

• CAGR (2023-2031): 2.12%

• Key Market Players: Pacific Seafood, Kangamiut Seafood A/S, American Seafoods Company, Phillips Foods, Inc., Trident Seafoods Corporation, Marine Harvest ASA, Thai Union Group PCL, Lee Fishing Company, and Leigh Fisheries.

Regional Trends

1. North America

The North American seafood market is driven by high consumer awareness regarding the health benefits of seafood. The U.S. and Canada are key contributors, emphasizing sustainable seafood sourcing and certification programs.

2. Asia-Pacific (APAC)

APAC dominates the global seafood market due to high production and consumption in countries like China, Japan, India, and Indonesia. Rapid urbanization and expanding middle-class populations boost seafood demand in the region.

3. Europe

Europe's seafood market is characterized by a strong preference for premium and sustainably sourced products. Countries like Norway, Spain, and the UK are major consumers and exporters.

4. Latin America, Middle East & Africa (LAMEA)

The LAMEA region is witnessing growing seafood demand due to rising incomes and changing dietary preferences. Brazil and South Africa are emerging markets with expanding seafood processing industries.

? Explore more possibilities! Buy Now or Download Free Sample to get actionable insights.

Seafood Market Segmentations

By Type:

• Fish

• Crustaceans

• Mollusca

• Others

By Applications:

• Retail

• Institutions

• Food Services

Top Players in the Seafood Market

• 1. Pacific Seafood
  2. Kangamiut Seafood A/S
  3. American Seafoods Company
  4. Phillips Foods, Inc.
  5. Trident Seafoods Corporation.
  6. Marine Harvest ASA
  7. Thai Union Group PCL
  8. Lee Fishing Company
  9. Leigh Fisheries

About Straits Research

Straits Research is a top provider of business intelligence, specializing in research, analytics, and advisory services. It delivers comprehensive reports with in-depth insights, enabling businesses to make well-informed decisions.

Contact Us:

• Email: [email protected]

• Address: 825 3rd Avenue, New York, NY, USA, 10022

• Phone: +1 646 905 0080 (US), +91 8087085354 (India), +44 203 695 0070 (UK)

? Don't miss the latest trends! Buy Now or Download Free Sample today!