The fish and seafood market, valued at USD 423.92 billion in 2025, has witnessed notable growth due to the rising demand for healthy, sustainable protein sources. Fish and seafood are excellent lean protein options, contributing to balanced diets worldwide. With an increasing shift towards healthier eating habits and sustainable food choices, the market is projected to expand at a compound annual growth rate (CAGR) of 4.10% from 2026 to 2035, potentially reaching USD 633.57 billion by 2035. In this blog, we will explore the fish and seafood market overview, size, trends, growth, and forecast, along with an analysis of the key players in the industry.
Fish and Seafood Market Overview
Fish and seafood have long been staples in many diets around the world, prized for their high protein content, low-fat profile, and essential omega-3 fatty acids. They are also rich in vitamins and minerals, making them an integral part of a balanced, healthy diet. The increasing health consciousness among consumers and the shift towards sustainable, natural food sources have driven the growth of the fish and seafood market in recent years.
The market encompasses a broad range of products, including fresh, frozen, canned, and processed fish and seafood. These products cater to various consumer preferences, from those seeking premium, fresh catches to those preferring ready-to-eat or frozen seafood options. Additionally, the increasing popularity of sushi and other seafood-based dishes in many global cuisines has boosted demand, particularly in urban areas.
The market is also influenced by the growing demand for aquaculture products, as fish farming plays a critical role in ensuring a stable supply of seafood to meet rising global consumption. Furthermore, sustainability initiatives in the seafood industry are gaining momentum, with several companies and governments focusing on sustainable fishing practices to protect marine life and reduce overfishing.
Fish and Seafood Market Size
The fish and seafood market is valued at USD 423.92 billion in 2025, driven by the rising consumption of fish and seafood across both developed and developing regions. Fish and seafood products are being increasingly integrated into the diets of consumers, especially with the growing emphasis on lean protein sources and sustainable food options. The market size reflects the demand for various types of fish, shellfish, and processed seafood products.
Key segments contributing to the market size include:
Fresh and Frozen Fish: These are the most popular seafood items consumed worldwide. Fresh fish remains a significant revenue generator, while frozen fish caters to consumers seeking convenience and longer shelf life.
Canned and Processed Seafood: Canned seafood, such as tuna and salmon, is increasingly popular in many markets due to its convenience, affordability, and long shelf life. Processed seafood products like fish fillets, nuggets, and seafood salads are also gaining traction in the retail market.
Aquaculture Products: With the rise of fish farming, aquaculture products are a major contributor to the seafood market. Farmed fish, such as salmon, shrimp, and tilapia, meet growing global demand while ensuring sustainability.
Fish and Seafood Market Trends
Several key trends are shaping the fish and seafood market:
Rising Demand for Sustainable Seafood: As consumers become more environmentally conscious, the demand for sustainably sourced fish and seafood is growing. Sustainable fishing practices, along with certifications like MSC (Marine Stewardship Council), are increasingly influencing purchasing decisions, especially in markets with a high level of environmental awareness.
Shift Towards Plant-Based Alternatives: While fish and seafood remain a preferred protein source, there is a growing trend toward plant-based seafood alternatives. These products aim to replicate the taste and texture of traditional seafood, catering to the rising number of flexitarians and vegan consumers.
Convenience and Ready-to-Eat Products: The growing demand for convenience and time-saving products has led to a surge in ready-to-eat and ready-to-cook seafood items. Products such as pre-marinated fish fillets, seafood meals, and frozen seafood combinations are increasingly popular among busy consumers.
Health and Wellness Focus: As people become more health-conscious, they are incorporating more seafood into their diets due to its nutritional benefits. Omega-3-rich fish, such as salmon and mackerel, are becoming popular for their heart-healthy properties.
Increasing Popularity of Sushi: Sushi and sashimi, traditionally associated with Japanese cuisine, have become a global trend. This has driven the demand for premium seafood, particularly tuna, salmon, and other fish varieties used in sushi preparation.
Fish and Seafood Market Growth
The fish and seafood market is expected to grow at a CAGR of 4.10% from 2026 to 2035, with the market size potentially reaching USD 633.57 billion by 2035. This growth is attributed to several key factors:
Population Growth and Urbanization: As the global population continues to grow and urbanize, more people are turning to seafood as a source of affordable, nutritious protein. Urban areas, in particular, see high seafood consumption due to convenience, greater availability, and an increased variety of products.
Increased Awareness of Seafood’s Health Benefits: The health benefits associated with seafood, including high protein content, low saturated fats, and essential nutrients like omega-3 fatty acids, are contributing to increased demand. Consumers seeking to improve their diets are turning to fish and seafood as part of a balanced, healthy lifestyle.
Advancements in Aquaculture Technology: Technological advancements in fish farming are making it more efficient and sustainable. This has led to an increase in the supply of farmed fish, making seafood more accessible to a wider audience while reducing the strain on wild fish populations.
Growth of E-commerce: The increasing trend of online shopping has extended to the food industry, with seafood becoming more widely available through e-commerce platforms. This growth in online sales channels is expanding the market and providing consumers with more options and convenience.
Fish and Seafood Market Forecast
The fish and seafood market is projected to continue growing at a steady pace over the next decade. By 2035, the market is expected to reach USD 633.57 billion, with an annual growth rate of 4.10%. The growth is driven by factors such as:
Sustainability Initiatives: As sustainability becomes a key driver in food production, the fish and seafood market will benefit from the increased focus on responsible fishing practices and certifications for sustainably sourced seafood.
Rising Seafood Consumption in Developing Countries: Developing regions, particularly in Asia Pacific, are expected to see an increase in seafood consumption due to rising incomes, population growth, and urbanization. This will contribute to the market’s expansion in emerging economies.
New Product Innovations: Continuous innovations in seafood products, such as plant-based seafood alternatives and ready-to-eat options, will cater to changing consumer preferences, driving further market growth.
Competitive Analysis
The fish and seafood market is competitive, with several key players dominating the landscape:
High Liner Foods Incorporated: High Liner Foods is a leader in frozen seafood products, offering a wide range of fish, shellfish, and value-added seafood products. The company is known for its commitment to sustainability and high-quality standards.
Leroy Seafood Group: Leroy Seafood Group is one of the largest seafood companies in Europe, specializing in both wild-caught and farmed fish products. The company has a strong presence in both the retail and foodservice sectors.
Lyons Seafoods Co.: Lyons Seafoods is a well-established player in the frozen seafood market, providing a variety of fish and seafood products. The company focuses on providing convenient and sustainable seafood options for consumers.
Maruha Nichiro Corporation: Maruha Nichiro is a Japanese seafood giant with a global footprint. The company offers a wide range of seafood products, including frozen, canned, and processed items, and is known for its focus on quality and innovation.
Thai Union Group PCL: Thai Union is one of the world’s largest seafood producers, with a portfolio that includes both wild-caught and farmed fish. The company is committed to sustainability and responsible sourcing practices.
Trident Seafoods Corporation: Trident Seafoods is a leading seafood supplier in North America, specializing in wild-caught fish and seafood. The company offers a diverse range of products, including frozen, canned, and fresh seafood options.
