Fish and Seafood Market: Growth, Trends and Forecast 2025–2034

The fish and seafood market comprises the global trade and consumption of edible aquatic animals, including finfish, shellfish, mollusks, and crustaceans. These products are valued for their high protein content, omega-3 fatty acids, and essential nutrients, making them integral to balanced diets worldwide. The market encompasses wild catch fisheries and aquaculture, with the latter gaining prominence due to declining wild fish stocks and sustainability concerns. Increased consumer interest in responsibly sourced seafood and regulatory frameworks promoting environmental stewardship are influencing production and supply chains across regions.

Expert Market Research

According to Expert Market Research, the fish and seafood market is demonstrating substantial growth driven by increasing consumer preference for healthy, lean protein sources and sustainability-focused products. Rising awareness about the nutritional benefits of fish and seafood, coupled with technological advancements in aquaculture and responsible sourcing practices, are reshaping market dynamics. This sector’s size and share continue to expand globally, especially in emerging economies where seafood consumption is rising rapidly. The market is expected to maintain a robust growth trajectory with a forecasted CAGR of 4.10% from 2025 to 2034, reflecting evolving consumer demands and sustainable development trends.

Market Size of the Fish and Seafood Market

The global fish and seafood market was valued at approximately USD 407.22 Billion in 2024. This substantial market size reflects strong global demand fueled by population growth, rising disposable incomes, and expanding middle-class demographics in Asia-Pacific, Latin America, and Africa. Aquaculture has emerged as a critical driver, supplying over half of the seafood consumed globally and helping to meet demand sustainably. Additionally, innovations in harvesting, processing, and cold chain logistics contribute to market expansion. Increasing consumer focus on health, nutrition, and food safety further supports this sizable market’s growth and diversification.

Market Trends in the Fish and Seafood Market

Several key trends are shaping the fish and seafood market landscape. Sustainability is a dominant theme, with certifications such as MSC and ASC gaining traction, assuring consumers of responsibly sourced products. There is growing adoption of advanced aquaculture technologies, including recirculating aquaculture systems (RAS) and integrated multi-trophic aquaculture (IMTA), to enhance productivity and reduce environmental impact. Plant-based seafood alternatives are also emerging as complementary trends amid shifting dietary preferences. Digitalization of supply chains and enhanced traceability using blockchain technology are improving transparency and consumer trust across the value chain.

Market Opportunities and Challenges

The fish and seafood market offers significant growth opportunities through increased seafood consumption in emerging economies, expansion of aquaculture infrastructure, and the rising demand for value-added and processed seafood products. The development of sustainable harvesting and farming methods opens new revenue streams while addressing environmental concerns. However, the market faces challenges such as overfishing, climate change impacts on marine ecosystems, and supply chain disruptions caused by geopolitical and environmental factors. Ensuring food safety and managing resource scarcity remain crucial hurdles that the industry must navigate for long-term sustainability.

Segmentation of the Fish and Seafood Market

By Product Type

• Finfish

• Shellfish

• Crustaceans

• Mollusks

By Source

• Wild Catch

• Aquaculture

By Distribution Channel

• Retail

• Foodservice

• Online

By Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East & Africa

Growth of the Fish and Seafood Market

The fish and seafood market is expected to grow at a CAGR of 4.10% during the forecast period 2025–2034. Growth is driven by rising health consciousness, urbanization, and increasing demand for protein-rich diets. Aquaculture’s expanding role enables consistent supply while addressing sustainability goals. Technological advancements in farming practices, disease management, and feed efficiency contribute to productivity gains. Furthermore, evolving consumer preferences towards convenience, ready-to-eat seafood products, and ethnic cuisines support market expansion. Strong government policies and international collaborations aimed at marine conservation and sustainable fishing practices are also facilitating growth prospects globally.

Forecast of the Fish and Seafood Market

The global fish and seafood market is projected to reach a value of approximately USD 608.61 Billion by 2034. This forecast reflects steady demand growth supported by population increases and higher seafood consumption rates worldwide. Emerging markets, particularly in Asia-Pacific and Latin America, are expected to be key growth drivers due to increasing per capita consumption and urban lifestyle shifts. Innovation in processing technologies, cold storage, and logistics is anticipated to improve market efficiency. The growing emphasis on sustainable and traceable seafood sources will continue shaping consumer behavior and market strategies during the forecast period.

Competitor Analysis in the Fish and Seafood Market

Key players in the fish and seafood market include Marine Harvest ASA, Thai Union Group, Nippon Suisan Kaisha Ltd., Bumble Bee Foods LLC, and Dongwon Industries. These companies focus on expanding aquaculture operations, enhancing product portfolios, and adopting sustainable sourcing practices. They leverage advanced technology and strategic partnerships to strengthen global market presence and meet evolving consumer demands for quality and sustainability.

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