Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Seafood Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Seafood Market Grow Between 2024 and 2025?
The Seafood Global Market was valued at $247.18 billion in 2024 and is predicted to reach $262.26 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.1%.
How Much Will the Seafood Market Be Worth in 2029?
The Seafood Global Market is predicted to be worth $338.57 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.6%.
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Which Seafood Market Drivers Are Linked to Revenue Growth?
The key drivers in the seafood market are:
• Worldwide population growth is predicting increased demand for food
• A prospective rise in global cereal production
• Anticipated growth in farming activities and trade volumes
• The seafood manufacturing market is projected to profit due to the rising population
Which Segments Are Expected to Grow in the Seafood Market?
The seafoodmarket covered in this report is segmented –
1) By Type: Crustaceans, Fish, Other Seafood
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
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What Are The Key Trends Impacting Growth In The Global Seafood Market?
The key trends in the seafood market are:
• The seafood market is seeing a trend towards innovative-flavored dishes to appeal to new consumers.
• Culinary innovation is being increasingly leveraged in the seafood industry.
• Sustainability is being emphasized more in seafood production and consumption.
• There is a trend of expansion and market testing in multiple regions beyond initial markets.
Who Are the Key Competitors in the Global Seafood Market?
Major players in the seafood market are:
• Marubeni America Corporation
• Sysco Corporation
• Bumble Bee Foods
• The Kraft Heinz Company
• Charoen Pokphand Foods PCL
• Coastal Corp. Ltd.
• Maruha Nichiro Corporation
• Nippon Suisan Kaisha Ltd.
• Nichirei Corporation
• Thai Union Group PCL
• Trident Seafoods Corporation
• Lerøy Seafood Group ASA
• Bolton Group Srl
• High Liner Foods Inc.
• Nichimo Co. Ltd.
• Young’s Seafood Ltd.
• Oceana Group Ltd.
• Grieg Seafood ASA
• Austevoll Seafood ASA
• Inland Seafood Inc.
• Beaver Street Fisheries
• Cooke Aquaculture Inc.
• American Seafoods
• Handy Seafood Inc.
• Pacific Seafood
• Phillips Foods Inc.
Where Is the Seafood Market Growing Fastest Between 2025 and 2029?
Asia-Pacific was the largest region in the seafood market in 2024
