Seafood Market Report 2026

Seafood Market Overview

• seafood market size has reached to $262.26 billion in 2025 • Expected to grow to $362.83 billion in 2030 at a compound annual growth rate (CAGR) of 6.9% • Growth Driver: Increasing Demand For Protein-Rich Food Products • Market Trend: Profand Launches Fish-Flavored Churros To Expand Seafood Market Appeal • Asia-Pacific was the largest region in 2025 and Western Europe is the fastest growing region.

What Is Covered Under Seafood Market?

Seafood meat products are defined as food products that are slaughtered and used for human consumption by processing and preserving seafood meat by smoking, salting, fermenting, or adding any chemicals. The main types of seafood are crustaceans, fish, and other seafood. A crustacean is a type of animal that lives in water and has a hard shell and multiple pairs of legs. Crustaceans include lobsters, shrimp, and crabs. The different types of products include frozen, dried, smoked, canned, Other Distribution Channels and have both organic and conventional nature. It is originated from various sources such as marine, inland and is distributed through several channels including supermarkets/hypermarkets, convenience stores, e-commerce, Other Distribution Channels.

What Is The Seafood Market Growth Forecast?

The seafood market size is expected to see strong growth in the next few years. It will grow to $362.83 billion in 2030 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing focus on sustainable fishing practices, expansion of aquaculture investments, rising demand for protein-rich diets, growth of online seafood retail platforms, innovation in seafood preservation methods. Major trends in the forecast period include expansion of sustainable seafood sourcing, rising demand for ready-to-cook seafood products, growing preference for frozen and processed seafood, enhanced focus on traceability and labeling, increasing adoption of aquaculture production.

Global Seafood Market Segmentation

1) By Species Type: Crustaceans, Fish, Mollusks 2) By Product Type: Frozen, Dried, Smoked, Canned, Other Product Types 3) By Nature: Organic, Conventional 4) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels Subsegments: 1) By Crustaceans: Shrimp, Crab, Lobster, Crawfish 2) By Fish: Salmon, Tuna, Cod, Sardines 3) By Mollusks: Squid, Octopus, Oysters, Mussels, Clams

What Is The Driver Of The Seafood Market?

The increasing demand for protein-rich food products is expected to propel the growth of the seafood market going forward. Protein-rich foods are those that have a high protein content per serving. It is necessary for optimum health and can be found in various foods. Seafood is an excellent source of protein and provides several important vitamins and minerals, like vitamin B12. Consuming protein can keep one feeling full and satisfied, which supports a healthy body weight. For instance, in June 2024, according to the International Food Information Council (IFIC), a US-based nonprofit organization focused on food and nutrition insights, an online survey conducted by the council found that 71% of Americans were actively trying to consume more protein, up from 67% in 2023 and 59% in 2022. Therefore, the increasing demand for protein-rich food products is driving the growth of the seafood industry.

What Is The Driver Of The Seafood Market?

The increasing demand for protein-rich food products is expected to propel the growth of the seafood market going forward. Protein-rich foods are those that have a high protein content per serving. It is necessary for optimum health and can be found in various foods. Seafood is an excellent source of protein and provides several important vitamins and minerals, like vitamin B12. Consuming protein can keep one feeling full and satisfied, which supports a healthy body weight. For instance, in June 2024, according to the International Food Information Council (IFIC), a US-based nonprofit organization focused on food and nutrition insights, an online survey conducted by the council found that 71% of Americans were actively trying to consume more protein, up from 67% in 2023 and 59% in 2022. Therefore, the increasing demand for protein-rich food products is driving the growth of the seafood industry.

Global Seafood Market Trends and Insights

Major companies operating in the seafood market are focusing on innovative-flavored dishes such as fish-flavored churros to attract new consumer segments and enhance market appeal. Fish-flavored churros refer to a unique culinary innovation in which traditional churros, typically a sweet fried dough treat, are infused with savory fish flavors. For instance, in April 2024, Profand, a Spain-based fishing company, launched a new line of fish-flavored churros called Snackish at the Seafood Expo Global 2024 in Barcelona. These churros are made with fish flour from salmon and cod, flavored with fish fumet, and come in two varieties: salmon and cod. Each flavor is paired with complementary sauces, sweet pepper or sweet red pepper for cod, and tartar sauce for salmon. Emphasizing sustainability, Profand uses fish species like tarpon, permit, and bonefish to minimize food waste. The initial reception has been positive, with plans to expand testing beyond Spain in the future.

What Are Latest Mergers And Acquisitions In The Seafood Market?

In July 2024, Captain Fresh, an India-based operator of a seafood value chain marketplace, acquired koral for an undisclosed amount. Through this acquisition, Captain Fresh aims to strengthen its foothold in the $33.5 billion European seafood market, with Justyna Frankowska taking over as CEO and founder Bogusław Kowalski advising on global salmon strategy. Koral is a Poland-based producer and distributor of branded salmon products.

Regional Outlook

Asia-Pacific was the largest region in the seafood market in 2025. Western Europe was the second-largest region in the seafood market. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in this market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

What Defines the Seafood Market?

The seafood market consists of sales of frozen crustaceans meat, fresh/ chilled crustaceans meat, canned crustaceans meat, frozen fish meat, fresh/ chilled fish meat, canned fish meat, and other seafood meat. Establishments known as floating factory ships that gather and process seafood into canned seafood products are also included in this industry. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Seafood Market Report 2026?

The seafood market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the seafood industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.