Squids - Global Strategic Business Report

The global market for Squids was estimated at US$12.4 Billion in 2024 and is projected to reach US$15.1 Billion by 2030, growing at a CAGR of 3.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Squids market.

Global Squids Market - Key Trends & Drivers Summarized

What's Reinventing the Market for Squids in Seafood & Beyond?

Squid (cephalopod mollusk) is prized globally as a culinary staple-consumed fresh, frozen, dried, or processed into rings, tubes, and ink. Popular in cuisines across East Asia, the Mediterranean, Latin America, and fast-food sectors (fried calamari, sushi). Fisheries and aquaculture drive industry supply, supported by sustainable fishing certifications (MSC, ASC), cold-chain logistics, and value-added processing (pre-cleaned, frozen, IQF portions).

Beyond consumption, value streams in nutraceuticals (chitosan extraction), pet food, and bait for commercial fisheries. Squid ink is an ingredient in gastronomy and packaging dyes. Innovations in processing-ozone sanitation, HPP (high pressure processing), freeze-drying-enhance product safety and quality.

Are Aquaculture and Processing Technologies Elevating Supply?

Pilot aquaculture programs aim to domesticate key squid species-reducing wild-stock pressure. Recirculating aquaculture systems (RAS), captive-breeding protocols, and feed trials are underway to scale sustainable production. Offshore catch monitoring and traceability apps aid certification and compliance in fisheries. Cold-chain innovations-IQF ultra-quick freezing and modified atmosphere packaging (MAP)-preserve texture and freshness.

Processing plants utilize eco-friendly drying ovens, ozone-packed IQF lines, and automated cleaning to reduce chemical usage. Valorization of by-products-squid ink, collagen, cartilage-for pharmaceutical or biomaterial applications is gaining industrial interest.

Why Are Consumers & Industries Investing in Squid?

Consumers are drawn to squid for its high-protein, low-fat profile, and unique gastronomic qualities-fried rings, sushi, stir-fry, grilled tentacles. Health trends around marine protein and omega-3 uptake bolster demand. Processors find value in multi-format utility-fresh, frozen, dried snack, canned in sauce-for retail flexibility. Fishmeal and chitosan producers tap industrial demand. Upscale restaurants leverage squid ink risottos and pasta. Pet food formulators integrate squid protein for allergen-free recipes. Aquaculture advancement supports regional economies and employment in coastal communities.

What's Powering the Growth in the Squid Market?

The growth in the squids market is driven by several factors related to sustainable sourcing, value-added processing, and nutrition trends. Development of aquaculture for cephalopods reduces pressure on wild stocks. Packaging innovations-MAP, IQF-retain quality and extend shelf-life. Certifications like MSC/ASC build consumer trust in seafood sustainability. Product diversification into global cuisines, protein snacks, nutraceuticals, and pet foods broadens demand across channels. Finally, marine-health trend alignments (low-fat, omega-rich) support premium pricing and category expansion.

Scope Of Study:

The report analyzes the Squids market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments: Product (Fresh Squid, Frozen Squid, Processed Squid); Type (Cuttlefish, European Squid, Jumbo Flying Squid, Argentine Shortfin Squid, Other Squid Types); Distribution Channel (Offline Distribution Channel, Online Distribution Channel)

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Fresh Squid segment, which is expected to reach US$9.4 Billion by 2030 with a CAGR of a 3.2%. The Frozen Squid segment is also set to grow at 4.1% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $3.4 Billion in 2024, and China, forecasted to grow at an impressive 6.3% CAGR to reach $3.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Squids Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Squids Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Squids Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Abba Seafood AB, Aqua Source Inc., Cermaq Group AS, ClearWater Seafoods, Cooke Inc. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 41 companies featured in this Squids market report include:

• Abba Seafood AB
• Aqua Source Inc.
• Cermaq Group AS
• ClearWater Seafoods
• Cooke Inc.
• Del Mar Seafoods
• Dohsui Suisan
• FCF Co., Ltd.
• Lund`s Fisheries (Sun Coast Calamari)
• Nissui (Nippon Suisan Kaisha)
• Nova Pescanova
• Oromar Brand
• Parlevliet & van der Plas
• Samherji hf.
• Seaquest (Pacific Seafood)

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.