Frozen Fish Market Report 2026

The frozen fish market size has grown strongly in recent years. It will grow from $28.9 billion in 2025 to $31.3 billion in 2026 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to expansion of global seafood consumption, growth of frozen food retail channels, improved freezing and storage technologies, rising urban population demand for convenient foods, expansion of international seafood trade.

The frozen fish market size is expected to see strong growth in the next few years. It will grow to $41.67 billion in 2030 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to growing preference for sustainably sourced seafood, increasing investments in cold storage logistics, expansion of online seafood retailing, rising demand for traceable seafood products, technological improvements in freezing efficiency. Major trends in the forecast period include increasing adoption of rapid freezing technologies, rising demand for value-added frozen fish products, growing focus on sustainable fishing practices, expansion of cold chain infrastructure, enhanced emphasis on quality preservation.

The increasing production of fisheries and aquaculture is expected to propel the growth of the frozen fish market going forward. Fisheries refer to the industry or activity of catching, processing, and selling fish, while aquaculture involves the breeding, rearing, and harvesting of fish and other aquatic organisms in controlled environments. The growth in fisheries and aquaculture production can be attributed to technological advancements, improved breeding techniques, rising global seafood demand, supportive government policies, and enhanced sustainability practices. Modern freezing technologies and improved processing techniques ensure that frozen fish retains its nutritional value, texture, and flavor. Quick-freezing methods help preserve freshness and minimize quality degradation during storage and transportation. For instance, in March 2024, according to the Department of Agriculture and Water Resources, an Australia-based government agency, Australia’s fisheries and aquaculture sectors are projected to generate an average of $3.48 billion annually between 2024-25 and 2028-29. Further, total output volume is forecast to rise by 1%, reaching 296,000 tons by 2024-2025 compared to 2022-2023. Therefore, the increasing production of fisheries and aquaculture is driving the growth of the frozen fish market.

Leading companies in the frozen fish market are focusing on innovation by introducing products such as Asian-inspired frozen fish to cater to evolving consumer preferences and expand market share. Asian-inspired frozen fish refers to products seasoned, prepared, or styled to reflect flavors, ingredients, or cooking techniques commonly found in Asian cuisine. These products appeal to consumers seeking convenient and flavorful options that embody Asian culinary traditions. For instance, Young's Seafood, a UK-based company known for its seafood products, launched a "Taste of Asia" range under its Gastro brand in February 2024. This limited-edition range includes four products with flavors inspired by Korean, Thai, and Japanese cuisines, providing consumers with diverse meal options that go beyond traditional offerings.

In January 2023, Brasmar Group, a Portugal-based supplier of frozen and refrigerated seafood, acquired Holmes Seafood to strengthen its position in the seafood market. This acquisition enhances Brasmar's product range and distribution capabilities by leveraging Holmes Seafood's established presence in Billingsgate, UK. Holmes Seafood Ltd. specializes in importing and distributing frozen seafood products.

Major companies operating in the frozen fish market are Maruha Nichiro Corporation, Mowi ASA, Nissui Corporation, Austevoll Seafood ASA, Nomad Foods Limited, SalMar ASA, Nueva Pescanova Group, Cooke Inc., High Liner Foods Inc., Camanchaca Inc, Clearwater Seafoods Incorporated, Tassal Group Limited, Iceland Seafood International hf, Dongwon Industries Co Ltd, Zhangzidao Group Co Ltd, Hansung Enterprise Co Ltd, Surapon Foods Public Company Limited, Lyons Seafoods Limited, FCF Fishery Company Ltd, Chicken of the Sea International, Lerøy Seafood Group ASA, AquaChile SA, Bright Star Group LLC, Marine Harvest Group.

North America was the largest region in the frozen fish market in 2025. The regions covered in the frozen fish 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 fish market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The frozen fish market consists of sales of whole fish, fillets, fish sticks, fish cakes, smoked fish, fish roe, and breaded fish products. 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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