1 Global Fish and Seafood Market Scope
The global fish and seafood market continues to evolve, driven by increasing consumer demand for healthy and sustainable food options. In 2025, the fish and seafood market is projected to reach a total value of 198,519 million USD, with a CAGR of 4.63% from 2025 to 2030. The market encompasses a wide range of products, including fresh and chilled fish and seafood, canned products, frozen items, and other seafood derivatives. These products are categorized based on their form, processing methods, and end-use applications, such as direct consumption or further processing.
The market’s growth is influenced by several factors, including rising awareness of the health benefits associated with seafood consumption, increasing urbanization, and a growing preference for sustainable and organic products. However, challenges such as overfishing, environmental regulations, and supply chain disruptions also impact the industry’s trajectory.
Figure Global Fish and Seafood Market Revenue and CAGR 2025-2030
2 Drivers and Limitations of Fish and Seafood Market Growth
The fish and seafood market is experiencing significant growth, driven by several key factors. Firstly, the health benefits associated with seafood consumption are a major driver. Seafood is rich in high-quality protein, low in calories, and contains essential nutrients such as omega-3 fatty acids, which are known to reduce the risk of heart disease and support brain health. This has led to increased demand from health-conscious consumers, particularly in developed regions like North America and Europe.
Another significant driver is the growing trend towards sustainable and organic products. Consumers are increasingly concerned about the environmental impact of their food choices, leading to a preference for sustainably sourced seafood. This trend is supported by eco-labeling initiatives and stricter regulations aimed at protecting marine ecosystems.
However, the market also faces several challenges. Overfishing remains a critical issue, with many fish stocks being harvested at or above their sustainable limits. This not only threatens the long-term viability of the industry but also impacts the livelihoods of fishermen and coastal communities. Additionally, the COVID-19 pandemic has disrupted supply chains and reduced demand in the food service sector, leading to significant losses for many market participants.
Environmental regulations and the high costs associated with sustainable fishing practices also pose challenges. These factors can increase the cost of production and limit the market’s growth potential. Furthermore, the impact of extreme weather events and rising feed costs due to climate change adds to the industry’s economic pressures.
3 Fish and Seafood Market Technological Innovations Analysis
Technological innovation is playing a crucial role in the fish and seafood industry. Advances in aquaculture technology, such as improved farming methods, feed formulations, and disease management, are enhancing the efficiency and sustainability of seafood production. For example, the use of smart monitoring systems and precision feeding technologies is optimizing resource use and reducing environmental impact.
4 Global Fish and Seafood Market Analysis by Type
The global fish and seafood market is a dynamic sector that has been witnessing significant growth and transformation due to various factors such as changing consumer preferences, technological advancements, and shifts in supply chains.
Fresh and Chilled Fish and Seafood: This category remains the most significant segment of the market, with projected revenues of $81,690.45 million in 2025, accounting for about 41.15% of the total market share. The dominance of this segment can be attributed to the increasing preference for fresh and minimally processed seafood among health-conscious consumers.
Canned Fish and Seafood: With a projected revenue of $4,089.49 million, canned products are expected to hold a 2.06% share of the market in 2025. The relatively smaller share compared to fresh and chilled products reflects consumer trends favoring fresher options, though canned seafood remains popular for its convenience and long shelf life.
Frozen Fish and Seafood: This segment is anticipated to reach $63,528.54 million, capturing a substantial 32.00% of the market. The growth in frozen seafood can be linked to advancements in freezing technologies that preserve taste and nutritional value, making it a preferred choice for both households and commercial use.
Table Global Fish and Seafood Market Size and Share by Type in 2025
|
Type |
Market Size (USD Million) |
Market Share (%) |
|---|---|---|
|
Fresh and Chilled Fish and Seafood |
81,690.45 |
41.15% |
|
Canned Fish and Seafood |
4,089.49 |
2.06% |
|
Frozen Fish and Seafood |
63,528.54 |
32.00% |
5 Global Fish and Seafood Market Analysis by Application
The global fish and seafood market is a vital component of the food industry, driven by various applications that cater to different consumer needs and preferences.
Direct Consumption: This application category is projected to dominate the market in 2025 with a revenue of $159,907 million, accounting for about 80.555% of the total market share. The significant share of direct consumption reflects the growing consumer preference for fresh and ready-to-eat seafood products. This trend is driven by increasing health consciousness and the demand for convenient, high-quality food options.
Processing Consumption: In contrast, processing consumption is expected to generate $38,612 million in 2025, holding a 19.45% share of the total market. This application includes seafood used as ingredients in further processing or manufacturing, such as fishmeal for aquaculture or fish oil extraction. The relatively smaller share compared to direct consumption indicates a more specialized and niche market segment.
Table Global Fish and Seafood Market Size and Share by Application in 2025
|
Application |
Market Size (USD Million) |
Market Share (%) |
|---|---|---|
|
Direct Consumption |
159,907 |
80.55% |
|
Processing Consumption |
38,612 |
19.45% |
6 Global Fish and Seafood Market Analysis by Region
In 2025, North America is projected to contribute significantly to the global market with a revenue of $36,210 million. This region’s consistent growth can be attributed to a few key factors. Firstly, the region has a well-established seafood culture, with a high preference for fresh and chilled seafood. Additionally, advancements in aquaculture and fishing technologies have bolstered production capabilities. The region’s market is also characterized by a strong emphasis on sustainable fishing practices, which aligns with growing consumer demand for eco-friendly seafood options.
In 2025, Europe is projected to be the largest regional market by value share, contributing $69,918 million to the global total. This represents about 35.22% of the total market, reflecting Europe’s significant role in the global fish and seafood industry. The region’s large market share can be attributed to its high consumption of seafood, established seafood processing industries, and strong demand for sustainably sourced products.
Among the regions, China is anticipated to experience the fastest growth in the fish and seafood market. From 2021 to 2025, China’s market value is projected to increase from $19,485 million to $23,485 million, reflecting a robust growth rate. This growth can be attributed to the country’s expanding middle class, increasing disposable incomes, and a shift towards higher protein diets that include more fish and seafood. Additionally, China’s efforts to strengthen its aquaculture industry and improve fishing technologies are expected to boost its market growth.
Figure Global Fish and Seafood Revenue by Region in 2025
7 Analysis of the Top 3 Companies in Fish and Seafood Market
7.1 Thai Union Frozen Products
Company Introduction and Business Overview:
Thai Union Frozen Products, established in 1977, is a Thailand-based company that has grown to become a global leader in the manufacture and export of frozen and canned seafood. With operations spanning across Asia, North America, Europe, and Africa, Thai Union has a vast reach in the worldwide market. The company’s business is diversified into five main groups: production and export of frozen and canned food products, production and distribution of packaging products, production and distribution of animal feeds and agriculture products, food business in domestic and overseas markets, and overseas investment.
Products Offered:
Thai Union’s product portfolio is extensive, covering ambient seafood, which includes shelf-stable items like tuna, sardine, salmon, mackerel, and herring primarily sold through retail channels. These products are known for their high brand awareness among consumers, often commanding a price premium over private-label peers due to consumer preference or brand loyalty. Additionally, Thai Union engages in the frozen and chilled seafood business, offering items typically sold to restaurants, hotels, and food catering units for further processing. This category also includes aquafeed for shrimp and fish, integral to the supply chain of the shrimp business.
7.2 Mowi
Company Introduction and Business Overview:
Mowi, founded in 1964, operates as a leading seafood company with a global presence. The company specializes in the supply of sustainably farmed salmon and processed seafood products to worldwide markets. Mowi’s operations are spread across all major salmon farming regions, ensuring a consistent and reliable supply of high-quality seafood.
Products Offered:
Mowi’s offerings focus on healthy and delicious seafood products, including a wide range of salmon products such as whole gutted fish, fillets, steaks, and ready-to-eat items like smoked salmon and portioned fish. The company’s product development team works closely with retailers and food service providers to spot market trends and develop innovative products that meet consumer demands.
7.3 Leroy Seafood Group
Company Introduction and Business Overview:
Leroy Seafood Group, established in 1899, is a Norway-based seafood corporation with a global reach. The group’s core activities include the production of salmon and trout, whitefish catches, and the processing, product development, marketing, sale, and distribution of seafood products. With a history spanning over a century, Leroy has established itself as a world-leading seafood company.
Products Offered:
Leroy Seafood Group offers a diverse range of seafood products, including whole fish of both farmed and wild catch species, available year-round. Their product lineup features salmon (salmo salar), Fjord Trout (oncorhynchus mykiss), and various other seafood items such as cod, haddock, halibut, and more. The company emphasizes the quality and freshness of its products, catering to both retail and foodservice sectors.