Renub Research — a leading market research and consulting firm with over 15 years of experience in international B2B research, surveys, and consulting — has revealed new insights into the global seafood market’s trajectory in an exclusive report. The global seafood market, valued at US$ 181.13 billion in 2023, is projected to achieve US$ 243.17 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 3.33% between 2024 and 2032 Renub+7Research and Markets+7Research and Markets+7.

📈 Emerging Trends Driving Seafood Market Growth

Rise in Disposable Incomes and Per Capita Consumption

Consumers worldwide are experiencing greater disposable incomes. Combined with increased awareness of seafood’s health benefits, per capita consumption is trending upward — especially among health-conscious and pescetarian demographics .

Shift Towards Pescetarian Lifestyles

A growing preference for diets excluding red and white meat but emphasizing fish and seafood is fueling demand. Seafood avoids many of the chemical and hormonal concerns associated with terrestrial meat sources, resonating with the health and wellness-focused consumer .

Processed & Ready‑to‑Cook Convenience

Consumers increasingly favor processed, canned, and ready‑to‑cook seafood due to lifestyle convenience. This shift significantly contributes to market expansion EIN Presswire+14Business Wire+14LinkedIn+14.

🌍 Market Segmentation: Product Types & Applications

Renub’s comprehensive segmentation covers:

• Form: Fresh, Frozen, Ambient, Canned & Processed Seafood

• Type: Fish, Crustaceans, Molluscs, Others

• Application: Retail, Institutions, Food Service MAXIMIZE MARKET RESEARCH+7Research and Markets+7Market Research+7

This multidimensional analysis enables stakeholders to pinpoint growth opportunities across product categories and geographies.

✅ Competitive Insights & Leading Players

The global seafood market features several influential players innovating in aquaculture, sustainability, and product diversification:

• Thai Union Group PCL

• Maruha Nichiro Corporation

• Sysco Corporation

• Grieg Seafood ASA

• Austevoll Seafood ASA

• Asian Sea Corporation

• Bolton Group

• Agrosuper S.A. Business WireOpenPR+3Research and Markets+3Business Wire+3

Their initiatives include land-based shrimp farms (Nippon Suisan Kaisha Ltd), sustainable shrimp and oyster farming (Del Pacifico Seafoods), and octopus aquaculture expansions (Nueva Pescanova) GlobeNewswire+7Business Wire+7EIN Presswire+7.

🌐 Regional Snapshots

North America

The U.S., Mexico, and Canada are key players, boosted by advanced marine aquaculture operations. CAGR in the Americas remains in the 3% range Business Wire+1EIN Presswire+1.

Asia-Pacific & Beyond

As the largest seafood production hub, driven by rising incomes and aquaculture innovation, Asia-Pacific continues to dominate the market. Europe, Latin America, and Africa follow closely with diverse consumption profiles .

🐟 Aquaculture: The New Frontier

Aquaculture production surpassed wild-caught fish for the first time in 2022 — 94.4 Mt farmed fish vs. 91 Mt from capture — according to FAO Financial Times+1Wikipedia+1. This shift meets rising protein demand while alleviating pressure on wild fish stocks. FAO reports aquaculture output rose from 120 Mt in 2019 to 130.9 Mt in 2022, valued at around US$312.8 billion Wikipedia.

⚠️ Challenges & Sustainability Considerations

Growth brings challenges, including:

• Ecosystem Impact: Aquaculture can burden local ecosystems, though improved feed techniques reduce fish-meal dependency Financial Times.

• Traceability & Fraud: Complex seafood supply chains require innovative digital traceability solutions marketreserachfuture.hashnode.dev+11futuremarketinsights.com+11Fortune Business Insights+11.

• Chemical & Antibiotic Use: Aquaculture must manage risk of antibiotic overuse and ecosystem contamination Wikipedia+2Financial Times+2Wikipedia+2.

🔍 Why Choose Renub Research?

Renub Research provides tailored solutions that empower businesses to:

• Identify high‑value opportunities

• Navigate critical market challenges

• Transform business strategies effectively

Our core team includes professionals with postgraduate and Ph.D. qualifications across Finance, Marketing, HR, Biotechnology, Medicine, IT, and Environmental Science. We support clients in Healthcare, IT, F&B, Energy, Telecom, Automotive, Retail, Construction, Agriculture, and more Business Wire+4Research and Markets+4Research and Markets+4futuremarketinsights.com.

📞 Media Contact

Renub Research
Contact: Rajat Gupta, Marketing Manager
Phone: +91‑120‑421‑9822 (IND) | +1‑478‑202‑3244 (USA)
Email: rajat@renub.com

🔗 Learn More

Discover the full report: Global Seafood Market Report by Renub Research

❓ Frequently Asked Questions

1. What is the current global seafood market size?
Renub Research reported a market value of US$181.13 billion in 2023 RenubResearch and Markets+1EIN Presswire+1.

2. What are the forecasts for the seafood market?
By 2032, it's expected to reach US$243.17 billion, growing at a 3.33% CAGR from 2024 to 2032 MAXIMIZE MARKET RESEARCH+7Research and Markets+7Business Wire+7.

3. What factors are driving this growth?
Key drivers include rising disposable incomes, healthy and pescetarian diets, increased processed seafood consumption, and expanding aquaculture production .

4. How big is aquaculture’s role?
In 2022, aquaculture surpassed wild fisheries, producing 94.4 Mt of farmed fish vs. 91 Mt caught. FAO projects aquaculture will reach 111 Mt by 2032 Financial Times+1Wikipedia+1.

5. Who are the market’s leading companies?
Major players include Thai Union, Maruha Nichiro, Sysco, Grieg Seafood, Agrosuper, Asian Sea Corp, Austevoll, and Bolton Group OpenPR+3Research and Markets+3EIN Presswire+3.

6. What consumer trends are significant?
Health and wellness focus, ready-to-eat seafood demand, and the rise of pescetarian diets are pivotal.

7. What are the market’s main challenges?
Managing environmental impacts of aquaculture, ensuring traceability, and reducing antibiotic use are key concerns .

8. How is the market segmented?
By form (fresh, frozen, canned), type (fish, crustaceans, molluscs), and application (retail, institutions, restaurants) OpenPR+3Research and Markets+3Market Research+3.

9. What regional insights are there?
North America and Asia-Pacific dominate due to strong aquaculture presence; other regions are growing steadily .

10. Why partner with Renub Research?
With 15+ years of B2B experience and deep subject-matter expertise, Renub supports clients in making data-driven decisions and navigating complex markets.

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🧾 About Renub Research

Renub Research is a Market Research and Consulting Company with over 15 years of expertise in international B2B research, surveys, and consulting. We deliver a wide range of business research solutions for better decision-making. Serving clients across Healthcare, F&B, Energy, IT, Telecom, Chemicals, Logistics, Retail, Construction, and Agriculture, our multidisciplinary team provides authoritative insights. Our clients rely on us to identify high-value opportunities, address critical challenges, and transform their businesses sustainably.

For additional details or to arrange an interview, please get in touch with Rajat Gupta at rajat@renub.com or call +91‑120‑421‑9822 / +1‑478‑202‑3244.