Frozen Seafood Market Report 2026

The frozen seafood market size has grown strongly in recent years. It will grow from $24.84 billion in 2025 to $26.22 billion in 2026 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to expansion of global seafood trade, rising consumption of protein-rich diets, growth of industrial seafood processing, improved cold storage facilities, increasing urban seafood consumption.

The frozen seafood market size is expected to see strong growth in the next few years. It will grow to $32.51 billion in 2030 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing demand for convenient protein sources, expansion of retail frozen seafood offerings, rising investments in sustainable fishing, growing focus on traceability, increasing preference for premium frozen seafood. Major trends in the forecast period include growing demand for long-shelf-life seafood products, expansion of frozen fish and shellfish consumption, increasing focus on quality preservation techniques, rising adoption of blast freezing methods, higher demand for value-added seafood products.

The rising consumption of seafood is expected to drive growth in the frozen seafood market. Seafood, defined as any edible sea life, is increasingly preferred by consumers for its health benefits. Freezing seafood helps preserve its color, texture, shape, and flavor, making it a convenient option. For instance, in March 2024, data from the Department of Agriculture, Fisheries, and Forestry, via the Australian Bureau of Agricultural and Resource Economics, indicated that aquaculture’s share of seafood production value is projected to rise from 60% in 2023-24 to 64% by 2028-29, with a total real value expected at $2.21 billion by 2028-29. Therefore, the increasing consumption of seafood is propelling growth in the frozen seafood market.

Leading companies in the frozen seafood market are actively engaged in the development of innovative products, including frozen shrimp biscuits, to meet the changing preferences of consumers, enrich their product portfolios, and sustain a competitive advantage in the dynamic market environment. Frozen shrimp biscuits represent a seafood product that combines shrimp with biscuit dough, designed to be stored in a frozen state and easily prepared by consumers for a convenient and flavorful meal or snack. In February 2023, Red Lobster Hospitality LLC, a casual dining restaurant chain based in the United States, launched its inaugural line of retail seafood products, extending the flavors of its renowned dishes to the frozen aisle. The new retail offerings, such as Cheddar Bay Biscuit Shrimp (integrating the iconic biscuit with flavorful shrimp) and Coconut Shrimp Bites, present a convenient way for consumers to enjoy delicious seafood at their convenience. Whether for a quick and hassle-free dinner, a delightful party appetizer, or a late-night shrimp snack, this array of new seafood products builds upon the existing retail options, providing a diverse selection for seafood enthusiasts.

In September 2023, Mark Foods, a U.S.-based seafood company, acquired Arista Industries for an undisclosed amount. This strategic acquisition is intended to strengthen Mark Foods' portfolio by broadening its frozen seafood offerings, enhancing supply chain efficiencies, and utilizing Arista Industries' established distribution network. Arista Industries is a U.S.-based company specializing in frozen seafood.

Major companies operating in the frozen seafood market are Toyo Suisan Kaisha Ltd., Maruha Nichiro Corporation, Mowi ASA, Nippon Suisan Kaisha Ltd., Thai Union Group Public Company Limited, Nomad Foods Limited, Findus Group Limited, Lerøy Seafood Group ASA, AquaChile S.A., Empresas AquaChile S.A., Royal Greenland A/S, High Liner Foods Inc., Ocean Beauty Seafoods LLC, Tassal Group Limited, Pacific Seafood, Clearwater Seafoods Incorporated, Trident Seafoods Corporation, Bumble Bee Foods LLC, Surapon Foods Public Company Limited, Apex Frozen Foods Limited, Beaver Street Fisheries Inc., Mazetta Company LLC, Cooke Aquaculture Inc., Alliance Select Foods International Inc., Siam Canadian Group Limited, J. Sykes & Sons, Castlerock Inc., Tri Marine International Inc., Friosur S.A.

Asia-Pacific was the largest region in the frozen seafood market share in 2025. The regions covered in the frozen seafood market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the frozen seafood market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The frozen seafood market consists of sales of marine pelagic, marine demersal, and diadromous. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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