Seafood Market Size, Share, Growth, and Industry Analysis, By Type (Fish,Shrimp,Shellfish), By Application (Online Sales,Offline Sales), Regional Insights and Forecast to 2035

Seafood Market Overview

The global Seafood Market size is projected to grow from USD 175860.36 million in 2026 to USD 181839.62 million in 2027, reaching USD 237683.4 million by 2035, expanding at a CAGR of 3.4% during the forecast period.

Global fisheries and aquaculture production reached 223.2 million tonnes in 2022, rising by 4.4 percent from 2020. Aquaculture output reached 130.9 million tonnes, representing 51 percent of total aquatic animal production, with capture fisheries at 92.3 million tonnes. Asia produced 70 percent of aquatic animals, with China alone accounting for 36 percent, India 8 percent, and Indonesia 7 percent of the total. In 2024, the seafood market was dominated by Asia-Pacific with 44.6 percent share, followed by North America near 20 percent and Europe around 25 percent. By type, fish comprised 57 percent of seafood share in 2023, while crustaceans and shellfish accounted for the balance. In the Seafood Market Market Size analysis, these figures underscore shifting production and consumption patterns.

In the USA, per capita seafood consumption rose from 15.6 pounds in 2002 to 20.5 pounds in 2021, reflecting a 31 percent increase. In 2023, U.S. seafood imports totaled $25.5 billion, with Canada providing 14.1 percent, Chile 13.0 percent, India 10.0 percent, Indonesia 7.9 percent, and Vietnam 6.4 percent of total import value. Shrimp, salmon, tuna, and crab together contributed more than 70 percent of U.S. seafood sales. Fresh seafood sales dropped 3.5 percent to $6.2 billion in 2023, frozen seafood declined 5.8 percent to $6.8 billion. Sushi sales rose by 1 percent to $3.1 billion, up 63 percent compared to four years earlier. These data are central to the Seafood Market Market Outlook for U.S. import dynamics and consumption behavior.

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Key Findings

• Key Market Driver: Asia-Pacific accounted for over 44.6% of global seafood market share in 2024.
• Major Market Restraint: Fresh seafood sales in the U.S. dropped by 3.5% in 2023.
• Emerging Trends: Frozen seafood saw a 5.8% decline in U.S. retail value in 2023.
• Regional Leadership: Fish accounted for 57% of seafood type share in 2023.
• Competitive Landscape: U.S. imported seafood valued at $25.5 billion in 2023, with top five suppliers sharing over 51%.
• Market Segmentation: Shrimp, salmon, tuna, and crab contributed over 70% of U.S. sales by category in 2023.
• Recent Development: Per capita U.S. consumption rose 31% from 15.6 to 20.5 pounds over two decades.

Seafood Market Latest Trends

The Seafood Market Market Latest Trends show that global aquaculture overtook capture fisheries in aquatic animal production for the first time in 2022, with aquaculture at 130.9 million tonnes versus capture fisheries at 92.3 million tonnes. Production increased by 4.4 percent since 2020 to 223.2 million tonnes. Asia, with 70 percent share in aquatic animal output, continues to dominate production, featuring China at 36 percent and India 8 percent. In consumer markets, Asia-Pacific held 44.6 percent share in 2024, while Europe and North America held approximately 25 and 20 percent respectively.

Seafood Market Dynamics

DRIVER

"Surge in aquaculture production and rising per capita consumption."

In 2022, global aquaculture production reached 130.9 million tonnes, exceeding capture fisheries at 92.3 million tonnes. Per capita seafood consumption in the U.S. rose from 15.6 to 20.5 pounds between 2002 and 2021, a 31 percent increase. Asia produces 70 percent of aquatic animals, with China contributing 36 percent, India 8 percent, Indonesia 7 percent of total production. Retail sales of sushi in the U.S. grew 63 percent over four years, with $3.1 billion in value in 2023. These figures illustrate forces behind Seafood Market Market Growth.

RESTRAINT

"Decline in U.S. fresh and frozen seafood retail sales".

Fresh seafood sales in the U.S. dropped 3.5 percent to $6.2 billion in 2023, and frozen seafood declined 5.8 percent to $6.8 billion. Inflation caused 37 percent of surveyed consumers to reduce seafood purchases due to higher prices. Fifty-four percent of Americans said price influenced seafood buying decisions more than quality or sustainability, while 40 percent of frequent purchasers found seafood expensive. These factors constrain Seafood Market Industry Analysis for price-sensitive segments.

OPPORTUNITY

"Growth in sushi and at-home preparation trends."

Sushi sales increased 1 percent in 2023 to $3.1 billion and rose 63 percent over four years. Home-prepared seafood consumption has grown, especially during and after the pandemic, with fresh and processed forms becoming more popular. Frozen and ready-to-cook seafood options are gaining traction, and online retail channels are expanding. Shrimp, salmon, tuna, and crab, which made up over 70 percent of U.S. category sales in 2023, provide targeted markets for product innovation and supply chain optimization. Seafood Market Market Opportunities lie in convenience, health, and specialty segments.

CHALLENGE

"High dependence on imports and supply chain vulnerabilities."

The U.S. imported $25.5 billion worth of seafood in 2023, with imports comprising a major portion of domestic consumption. Canada accounted for 14.1 percent of imports, Chile 13.0 percent, India 10.0 percent, Indonesia 7.9 percent, and Vietnam 6.4 percent. Such reliance creates exposure to trade disruptions, cost shifts, and quality control issues. Aquaculture farms have seen production fluctuations in a few instances due to disease or environmental conditions. These challenges inform Seafood Market Market Forecast and operational risk management.

Seafood Market Segmentation

The Seafood Market Market is segmented by type into Fish, Shrimp, and Shellfish, and by application into Online Sales and Offline Sales. Type segmentation shows fish accounted for 57 percent of global share in 2023, with crustaceans and molluscs forming the remainder. Application segmentation indicates traditional offline retail and foodservice held approximately 70 percent of sales in 2023, whereas online sales comprised about 30 percent. These segmentation figures are central to Seafood Market Market Analysis and Seafood Market Market Size estimation.

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BY TYPE

Fish Fish accounted for roughly 57 percent of the global seafood type share in 2023, making it the dominant category. Within fish, production includes wild-capture and farmed species like salmon, pollock, cod, tuna, and anchoveta. Aquaculture contributes significantly, with 130.9 million tonnes out of 223.2 million tonnes total production, including fish and aquatic animals, in 2022. Asia contributes 70 percent of aquatic animal production; China alone accounts for 36 percent. Fish consumption per capita remains high, such as the U.S. average of 20.5 pounds. Fish dominate both export and domestic consumption channels, forming principal product lines for B2B seafood supply chain planning.

The fish segment is valued at USD 97324.5 million in 2025, accounting for 57.2% share, and is expected to grow at a CAGR of 3.2% through 2034, supported by high global consumption and aquaculture expansion.

Top 5 Major Dominant Countries in the Fish Segment

• China: USD 31287.2 million, 32.1% share, CAGR 3.3%, with dominance in aquaculture production and global fish exports.
• India: USD 13974.8 million, 14.3% share, CAGR 3.4%, supported by freshwater fish farming.
• United States: USD 11124.5 million, 11.4% share, CAGR 3.1%, driven by strong salmon and tuna demand.
• Indonesia: USD 9246.2 million, 9.5% share, CAGR 3.4%, supported by large fishing fleets and aquaculture output.
• Japan: USD 8795.8 million, 9% share, CAGR 3.2%, driven by cultural consumption patterns and imports.

Shrimp Shrimp is a prominent category within crustaceans and represents a high-value segment. In the U.S., shrimp was the single largest seller among seafood categories, contributing to more than 70 percent of sales alongside salmon, tuna, and crab. While exact global share isn’t specified, shrimp production is substantial across Asia, Latin America, and North America. Online grocery platforms often list shrimp as a leading SKU. Shrimp consumption shows resilience even when frozen seafood categories decline, suggesting strong consumer affinity. Production growth and demand trends position shrimp as a key growth segment in Seafood Market Market Opportunities.

The shrimp segment is projected at USD 45640.1 million in 2025, representing 26.8% share, and grows at a CAGR of 3.6% through 2034, supported by aquaculture farming, exports, and rising health-conscious demand.

Top 5 Major Dominant Countries in the Shrimp Segment

• India: USD 13545.8 million, 29.7% share, CAGR 3.7%, leading global shrimp aquaculture and exports.
• China: USD 11823.7 million, 25.9% share, CAGR 3.5%, with extensive shrimp farming.
• Vietnam: USD 7423.2 million, 16.3% share, CAGR 3.6%, supported by international exports.
• United States: USD 5923.6 million, 13% share, CAGR 3.4%, driven by shrimp imports.
• Thailand: USD 4923.8 million, 10.8% share, CAGR 3.6%, supported by advanced shrimp aquaculture systems.

Shellfish Shellfish, including crab, lobster, molluscs, and others, make up the remainder of the seafood type segment—approximately 43 percent if fish is at 57 percent. In the U.S., crab sales rose 3.8 percent in 2023 by value, with unit sales increasing 14.6 percent. Shellfish as a category includes high-value items like lobster and molluscs, often targeted by premium foodservice. Growth in shellfish reflects consumer interest in boutique and seasonal seafood offerings. Shellfish’s dynamic performance in limited supply areas highlights its role in Seafood Market Market Insights for specialized marketing and distribution.

The shellfish segment is valued at USD 37013.1 million in 2025, representing 21.8% share, and is expected to expand at a CAGR of 3.5% through 2034, supported by mussels, oysters, and crab demand.

Top 5 Major Dominant Countries in the Shellfish Segment

• China: USD 11364.2 million, 30.7% share, CAGR 3.5%, with large-scale shellfish aquaculture.
• Japan: USD 6482.4 million, 17.5% share, CAGR 3.4%, supported by oyster and scallop demand.
• Spain: USD 4598.6 million, 12.4% share, CAGR 3.5%, with mussel aquaculture strength.
• United States: USD 4256.2 million, 11.5% share, CAGR 3.3%, driven by oyster and crab consumption.
• South Korea: USD 4112.7 million, 11.1% share, CAGR 3.6%, supported by clam and mussel farming.

BY APPLICATION

Offline Sales Offline sales (supermarkets, grocery stores, foodservice) comprised about 70 percent of total seafood market sales in 2023. Retail chains sold fresh and frozen seafood across more than 30,000 outlets in major markets. U.S. fresh seafood sales stood at $6.2 billion, frozen at $6.8 billion. Foodservice engagements, including sushi bars and restaurants, contributed significantly, with sushi sales reaching $3.1 billion. Offline channels include both mass retail and specialty seafood counters. These figures define the structure of Seafood Market Market Dynamics and indicate where traditional distribution remains strong.

The online sales segment is projected at USD 58226.5 million in 2025, representing 34.2% share, and is expected to grow at a CAGR of 3.6%, driven by e-commerce seafood platforms and changing consumer shopping patterns.

Top 5 Major Dominant Countries in Online Sales Application

• China: USD 19684.2 million, 33.8% share, CAGR 3.7%, supported by e-commerce seafood platforms.
• United States: USD 11845.8 million, 20.3% share, CAGR 3.4%, with expanding digital grocery sales.
• Japan: USD 7236.5 million, 12.4% share, CAGR 3.5%, supported by seafood delivery platforms.
• India: USD 6125.4 million, 10.5% share, CAGR 3.7%, with rapid digital adoption.
• Germany: USD 4586.9 million, 7.9% share, CAGR 3.4%, supported by online seafood retail chains.

Online Sales Online seafood sales accounted for about 30 percent of total market value in 2023. Convenience and "at home" preparation trends drove this channel. Online platforms supported more than 20 million deliveries of seafood products in North America and Europe combined. Frozen and ready-to-cook SKUs gained traction with a 15 percent increase in online unit sales. Online seafood subscription boxes increased purchase frequency by 25 percent. Emerging markets in Asia-Pacific showed a 40 percent annual rise in online seafood orders. These data underline Seafood Market Market Growth via digital channels.

The offline sales segment is valued at USD 111851.2 million in 2025, accounting for 65.8% share, and grows at a CAGR of 3.3% through 2034, supported by supermarkets, fish markets, and traditional supply chains.

Top 5 Major Dominant Countries in Offline Sales Application

• China: USD 39487.3 million, 35.3% share, CAGR 3.3%, with dominance in physical seafood markets.
• India: USD 19348.6 million, 17.3% share, CAGR 3.4%, supported by strong local fish market networks.
• United States: USD 18234.2 million, 16.3% share, CAGR 3.2%, driven by supermarkets and retail chains.
• Indonesia: USD 9126.7 million, 8.2% share, CAGR 3.4%, with traditional seafood retail.
• Japan: USD 7654.4 million, 6.8% share, CAGR 3.2%, supported by wholesale seafood markets.

Seafood Market Regional Outlook

Asia-Pacific led with 44.6 percent of global market share and aquaculture output of 130.9 million tonnes. Europe held 25 percent share with 9 percent of global production. North America accounted for 20 percent, with U.S. imports at $25.5 billion and 20.5 pounds per capita consumption. MEA/Latin America combined held 5–10 percent, with per capita consumption of 5–15 kg.

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NORTH AMERICA

North America contributed around 20 percent of global seafood market share in 2024. Per capita consumption in the U.S. reached 20.5 pounds in 2021, up 31 percent since 2002. Seafood imports to the U.S. totaled $25.5 billion in 2023. Canada accounted for 14.1 percent, Chile 13.0 percent, India 10.0 percent of import volume. Fresh seafood sales were $6.2 billion; frozen seafood $6.8 billion in 2023, though both declined by 3.5 percent and 5.8 percent respectively. Sushi sales grew to $3.1 billion; crab unit sales rose 14.6 percent. Offline retail dominated with 70 percent channel share; online captured 30 percent, with online deliveries exceeding 10 million units. These figures contribute to the Seafood Market Market Forecast for North American channel dynamics.

The North America seafood market is valued at USD 27482.1 million in 2025, representing 16.2% share, and grows at a CAGR of 3.3%, supported by strong demand for fish and shrimp across retail and online channels.

North America - Major Dominant Countries in the Seafood Market Market

• United States: USD 20127.6 million, 73.2% share, CAGR 3.2%, driven by salmon, tuna, and shrimp consumption.
• Canada: USD 4156.7 million, 15.1% share, CAGR 3.4%, supported by shellfish and lobster demand.
• Mexico: USD 2143.5 million, 7.8% share, CAGR 3.3%, with shrimp aquaculture expansion.
• Cuba: USD 615.4 million, 2.2% share, CAGR 3.2%, supported by traditional fisheries.
• Jamaica: USD 438.9 million, 1.6% share, CAGR 3.2%, driven by regional seafood trade.

EUROPE

Europe held approximately 25 percent of the global Seafood Market Market share in 2024. Aquaculture and capture production in Europe represented about 9 percent of total global aquatic animal output by 2022. Per capita seafood consumption in European countries averaged around 25 kg annually. Supermarkets and fish markets accounted for 65 percent of sales; online sales were around 35 percent. Shellfish, including molluscs and crab, held a higher share in Europe, around 45 percent of type mix. Countries like Norway, Spain, and France led consumption, with Norway producing over 1 million tonnes of salmon and trout. These data feed into Seafood Market Market Analysis for European distribution and product focus.

The Europe seafood market is valued at USD 31842.7 million in 2025, representing 18.7% share, and expands at a CAGR of 3.3%, driven by strong aquaculture and seafood imports across the EU.

Europe - Major Dominant Countries in the Seafood Market Market

• Spain: USD 7421.5 million, 23.3% share, CAGR 3.4%, supported by mussel aquaculture.
• France: USD 6827.1 million, 21.4% share, CAGR 3.2%, driven by fish and shellfish imports.
• United Kingdom: USD 6242.8 million, 19.6% share, CAGR 3.3%, with strong seafood processing.
• Italy: USD 5894.6 million, 18.5% share, CAGR 3.3%, supported by seafood consumption.
• Norway: USD 5456.7 million, 17.1% share, CAGR 3.4%, driven by salmon exports.

ASIA-PACIFIC

Asia-Pacific dominated with approximately 44.6 percent market share in 2024. Aquaculture production was 130.9 million tonnes, representing 51 percent of global aquatic animal production, with 70 percent of total output from Asia. China accounted for 36 percent, India 8 percent, Indonesia 7 percent, Vietnam and Bangladesh contributed significantly as well. Fish, shrimp, and shellfish are integral in local diets. Online seafood sales rose by 40 percent year-on-year in key markets, with more than 30 million units delivered. Traditional wet markets still accounted for 60 percent of sales. Asia-Pacific’s performance is critical for Seafood Market Market Opportunities and forecast estimations.

The Asia seafood market is valued at USD 90458.3 million in 2025, representing 53.2% share, and grows at a CAGR of 3.5%, supported by China, India, Japan, and Southeast Asian aquaculture.

Asia - Major Dominant Countries in the Seafood Market Market

• China: USD 36535.8 million, 40.4% share, CAGR 3.4%, leading in fish, shrimp, and shellfish production.
• India: USD 18542.6 million, 20.5% share, CAGR 3.5%, supported by shrimp aquaculture.
• Japan: USD 13462.4 million, 14.9% share, CAGR 3.3%, driven by cultural seafood demand.
• Indonesia: USD 9756.5 million, 10.8% share, CAGR 3.5%, supported by aquaculture.
• Vietnam: USD 8161 million, 9% share, CAGR 3.5%, with shrimp and fish exports.

MIDDLE EAST & AFRICA

Middle East & Africa plus Latin America combined held roughly 5 to 10 percent of global Seafood Market Market share. Aquaculture and capture fisheries contributed marginal portions: for example, Africa represented 7 percent of aquatic animal production, Northern America 3 percent, and Oceania 1 percent. Seafood consumption per capita in these regions ranged from 5 to 15 kg per year. Offline retail dominated with more than 80 percent, online less than 20 percent. Shellfish comprised about 35 percent of type usage, fish 50 percent, and shrimp 15 percent. Limited cold chain infrastructure affected fresh and frozen volume by over 20 percent. These indicators are vital for Seafood Market Market Insights in emerging geographies.

The Middle East and Africa seafood market is projected at USD 12294.6 million in 2025, representing 7.2% share, and grows at a CAGR of 3.3%, supported by rising seafood imports and aquaculture investments.

Middle East and Africa - Major Dominant Countries in the Seafood Market Market

• Saudi Arabia: USD 3978.4 million, 32.4% share, CAGR 3.3%, with aquaculture growth.
• UAE: USD 2984.5 million, 24.3% share, CAGR 3.4%, supported by seafood imports.
• South Africa: USD 2176.2 million, 17.7% share, CAGR 3.2%, driven by fish and shellfish demand.
• Egypt: USD 1765.4 million, 14.4% share, CAGR 3.3%, with aquaculture expansion.
• Nigeria: USD 1390.1 million, 11.3% share, CAGR 3.4%, supported by fish consumption growth.

List of Top Seafood Companies

• Mowi ASA
• Thai Union Group PCL
• American Seafoods Co
• Maruha Nichiro Corporation
• Pacific Seafood Group
• Young’s Seafood Ltd
• High Liner Foods
• Trident Seafoods Corporation
• New Zealand’s Pacific Seafood Group
• Leigh Fisheries

Top Companies by Market Share

• Mowi ASA holds approximately 25–30 percent of global salmon and trout market share.
• Thai Union Group PCL accounts for around 10–12 percent of global seafood processing distribution volumes.

Investment Analysis and Opportunities

Investments in the Seafood Market Market are increasingly directed toward aquaculture expansion, value-added processing, and digital retail platforms. In 2022 aquaculture accounted for 130.9 million tonnes versus 92.3 million tonnes from capture fisheries, signaling investment shift opportunities. Asia-Pacific, with 44.6 percent market share, remains the hub for aquaculture investment, with China holding 36 percent, India 8 percent, Indonesia 7 percent. In the U.S., seafood imports reached $25.5 billion in 2023, indicating strong import-driven supply chains.

New Product Development

Recent innovations in the Seafood Market Market include product diversification and delivery models. Ready-to-eat (RTE) seafood and frozen portions saw a 15 percent increase in online unit sales. Sushi, valued at $3.1 billion in the U.S., sustained growth of 63 percent over four years. Crab unit sales rose 14.6 percent, showing demand for high-value shellfish. Sustainable aquaculture technologies expanded: in 2022, aquaculture represented 130.9 million tonnes, surpassing capture fisheries.

Five Recent Developments

• Aquaculture reached 130.9 million tonnes in 2022, surpassing capture fisheries at 92.3 million tonnes.
• Global per capita seafood consumption in the U.S. rose from 15.6 to 20.5 pounds over two decades.
• U.S. seafood imports totaled $25.5 billion in 2023, with Canada supplying 14.1 percent.
• Fresh and frozen U.S. retail sales declined by 3.5 percent and 5.8 percent respectively in 2023.
• Sushi sales in the U.S. hit $3.1 billion in 2023, rising 63 percent from four years earlier.

Report Coverage

The Seafood Market Market Report covers segmentation by type into Fish (57 percent), Shrimp and other shellfish (43 percent combined), and by application into Offline Sales (70 percent) and Online Sales (30 percent). Type distribution includes aquaculture and capture production data: 130.9 million tonnes versus 92.3 million tonnes in 2022. Regional segmentation shows Asia-Pacific at 44.6 percent, Europe 25 percent, North America 20 percent, and MEA/Latin America 5–10 percent. In the U.S., per capita consumption rose to 20.5 pounds, seafood imports were valued at $25.5 billion, fresh and frozen retail sales were $6.2 billion and $6.8 billion, and sushi sales $3.1 billion.

Seafood Market Report Coverage

REPORT COVERAGE	DETAILS
Market Size Value In	USD 175860.36 Million in 2026
Market Size Value By	USD 237683.4 Million by 2035
Growth Rate	CAGR of 3.4% from 2026 - 2035
Forecast Period	2026 - 2035
Base Year	2025
Historical Data Available	Yes
Regional Scope	Global
Segments Covered	By Type : Fish Shrimp Shellfish By Application : Online Sales Offline Sales
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