Fresh Fish & Seafood Market - Global Forecast 2025-2032

The global fresh fish and seafood market is experiencing accelerated transformation as consumer priorities shift toward health, convenience, and environmental responsibility. For senior decision-makers navigating this arena, relevant intelligence on strategic developments is essential for building competitive, future-ready organizations.

Market Snapshot: Fresh Fish & Seafood Market Overview

The fresh fish and seafood market posted revenues of USD 288.89 billion in 2024, with forecasts indicating an increase to USD 309.98 billion in 2025 and USD 519.98 billion by 2032—corresponding to a CAGR of 7.62%. Growth is propelled by a surge in global seafood consumption, expanded focus on health-centric diets, rising investments in supply chain modernization, and enhanced sustainable aquaculture. Industry players are responding by upgrading product portfolios and intensifying efforts on sustainability, premiumization, and consumer convenience to capitalize on demand shifts in all major regions.

Scope & Segmentation of the Global Fresh Fish & Seafood Market

• Product Forms: Fillet, minced, steak, portions, and whole fish formats are designed to address varied culinary traditions and distribution needs, broadening both traditional and value-added product categories.
• Species: Key categories include bivalves (clam, mussel, oyster, scallop), cephalopods (cuttlefish, octopus, squid), crustaceans (crab, lobster, shrimp), flatfish (flounder, halibut, sole), freshwater types (carp, catfish, tilapia), pelagics (herring, mackerel, mahi-mahi, sardine), salmonids (Atlantic, coho, king, sockeye salmon, trout), tuna (albacore, bigeye, bluefin, yellowfin), and whitefish (Alaska pollock, cod, haddock).
• Source Types: The sector draws on both farmed sources—such as freshwater aquaculture, integrated multi-trophic aquaculture, marine and brackish systems—and wild-caught fisheries from inland and marine locations to support a resilient global supply infrastructure.
• Packaging Types: Bags, cans, pouches, and trays optimize preservation and safety, aligning with the demands of cold chain logistics and retail display environments.
• Applications: Solutions are tailored for commercial operators including catering, restaurants, and hotels, as well as for residential buyers through household and direct-to-consumer models.
• Distribution Channels: The market supports diverse routes to end users, including offline stores such as supermarkets, hypermarkets, convenience retailers, and fishmongers, as well as online sales via company and third-party eCommerce platforms, reflecting a shift to omnichannel strategies.
• Regions Covered: Major geographies include Americas, Europe, Middle East, Africa, and Asia-Pacific, each facing unique regulatory, procurement, and supply challenges, which shape sourcing and entry strategies.
• Leading Companies: Industry leaders include Maruha Nichiro Corporation, Nissui Corporation, Mowi ASA, Thai Union Group Public Company Limited, Austevoll Seafood ASA, Trident Seafoods Corporation, Cermaq Group AS, Lerøy Seafood Group ASA, Siam Canadian (Asia) Limited, Grieg Seafood, Nueva Pescanova S.L., Icelandic Trademark Holding, Cargill Incorporated, NEW ENGLAND SEAFOOD, Gulf Shrimp Company, AquaChile by Agrosuper S.A., UniSea Inc., Coldwater Seafood LLC, KYOKUYO CO.LTD., Cooke Aquaculture Inc., SalMar ASA, Austral Group S.A.A., Cremonini S.p.A., Faroe Seafood, Kai Gourmet LLC, Lee Fish USA, Ocean Beauty Seafoods LLC, Pelagia AS, Tassal Group Limited, American Fish & Seafood Inc., Pescafresh by Brahm Group, and Tesco plc.

Key Takeaways for Senior Decision-Makers

• Consumer demand is rapidly evolving in favor of health-conscious and responsibly sourced seafood, prompting companies to pursue certifications and invest in next-generation aquaculture methods.
• Emerging digital technologies such as blockchain and advanced cold chain monitoring are enabling firms to strengthen compliance, manage risk, and enhance supply transparency.
• The growth of ready-to-cook and portion-controlled products is improving market accessibility and building engagement across both retail and professional foodservice segments.
• Regional regulations are driving corporate investments and guiding new product strategies as companies align offerings with stricter safety and sustainability requirements worldwide.
• Strategic collaboration—including joint ventures and targeted regional partnerships—supports market expansion and the adoption of efficient processing and packaging technologies.

Tariff Impact on Supply Chain Strategy

Recent tariff adjustments in the United States have compelled leading seafood providers to review sourcing and operational strategies. In response, supplier diversification and increased commitments to domestic aquaculture are emerging as critical levers for managing rising import costs. Flexible supply chain structures and expansions in affordable product categories are being prioritized to serve price-sensitive market segments and safeguard profit margins.

Methodology & Data Sources

Insights in this report originate from executive interviews, sector experts, trade data, regulatory filings, and peer-reviewed research. A mixed-method framework employs scenario modeling and qualitative perspectives to deliver practical analysis for industry leaders.

Why This Report Matters

• Guides leadership teams in shaping successful market entry and diversification strategies within the fresh fish and seafood sector.
• Delivers timely analysis of supply chain developments, packaging trends, and evolving operational models to inform investment and competitive action plans.
• Enables organizations to proactively respond to regulatory changes and sustainability expectations, supporting business continuity and growth potential.

Conclusion: Navigating Transformation in Seafood Markets

Adapting strategies in the evolving seafood industry is vital. This report provides actionable guidance for executives to manage regulatory, operational, and competitive shifts confidently and position their organizations for success.

Additional Product Information:

• Purchase of this report includes 1 year online access with quarterly updates.
• This report can be updated on request. Please contact our Customer Experience team using the Ask a Question widget on our website.