The global Seafood Market was valued at USD 370.23 Billion in 2024 and is projected to reach USD 493.29 Billion by 2033. The market is expected to grow at a CAGR of 3.08% during the forecast period of 2025-2033. Growth is driven by rising consumer awareness of the nutritional benefits of seafood, increasing demand for protein-rich diets, and innovations in seafood processing such as ready-to-eat and frozen options. The Seafood Market Trends is expanding steadily, driven by growing global consumption of fish and shellfish, rising health awareness, and increasing preference for protein-rich diets. Seafood is widely recognized for its nutritional value—rich in omega-3 fatty acids, vitamins, and minerals—which continues to fuel demand across both developed and emerging economies. Growth in aquaculture production, advancements in seafood processing technologies, and improved cold-chain logistics are key factors supporting market expansion. Additionally, the rise of sustainable fishing practices, eco-certifications, and traceability solutions is helping strengthen consumer confidence and market stability.
Ready-to-eat and frozen seafood products are gaining popularity due to convenience and longer shelf life, while premium and exotic seafood varieties are becoming more accessible through global trade. With expanding retail distribution, increasing urbanization, and growing demand from the HoReCa sector, the Seafood Market Size is expected to continue rising in the coming years.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
Seafood Market Key Takeaways
- Current Market Size: USD 370.23 Billion in 2024
- CAGR: 3.08% (2025-2033)
- Forecast Period: 2025-2033
- Asia-Pacific dominates the market with over 44.6% share in 2024.
- Fish leads the market type segment with 49.0% share.
- Fresh/chilled seafood is the most desirable form among consumers.
- Off-trade channel (retail, supermarkets, online) accounts for 60.0% market share.
- The U.S. holds a 75.0% share of the North American market.
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Market Growth Factors
The growing need for protein-rich food products is a significant driver for the seafood market, as seafood is considered lean and nutritious. Fish and shellfish provide essential nutrients such as omega-3 fatty acids, vitamins, and minerals, appealing to health-conscious consumers globally. The rise in lifestyle diseases and increased awareness of the health benefits of seafood, including its anti-inflammatory and cognitive-supportive properties, further enhance demand. According to the FAO, aquatic food provides 15% of the animal protein and 6% of total protein intake globally, with over 20% of animal protein consumed by 3.2 billion people coming from seafood products in 2021.
The demand for processed and ready-to-cook seafood products is fueled by fast-paced lifestyles requiring convenience without compromising nutrition. Innovations in freezing and packaging technologies have improved the availability and freshness of seafood products. In 2020, per capita consumption of canned fish increased to 4.1 pounds, a rise of 0.3 pounds from 2019, signaling the shift towards easy-to-prepare seafood options. These trends suggest ongoing innovations in preservation and packaging will sustain market growth.
Aquaculture expansion serves as a key sustainable source to meet seafood demand amid dwindling wild fish stocks. Environmentally friendly farming practices and advanced feeding systems have increased production efficiency. The FAO reported global fisheries and aquaculture production reached 223.2 million tons in 2022, a 4.4% increase from 2020 levels. This growth underscores aquaculture's pivotal role in the seafood supply chain, addressing both ecological and consumer demands.
