Fish Market Share, Size, Growth & Trends | 2025-2034

Overview

The Fish Market Size is an integral segment of the global food industry. It encompasses the trade of various types of fish, both for human consumption and for other uses, such as fish oil and fishmeal production. The market includes both freshwater and marine fish, with a diverse range of forms, from fresh to processed. The demand for fish is growing due to the increasing global population, rising consumer awareness about healthy eating, and the growing demand for seafood in various regions.

The global fish market was valued at USD 732.87 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 3.4% between 2025 and 2034. By 2034, the market is projected to reach USD 985.17 billion. This growth can be attributed to various factors such as the rise in disposable income, the increasing popularity of fish as a healthy protein source, and the expansion of online sales channels. As seafood consumption increases worldwide, the fish market is expected to continue to thrive and evolve with emerging trends and new consumer demands.

Market Size and Forecast

The global fish market is valued at USD 732.87 billion in 2024 and is projected to experience steady growth through 2034. The market is expected to grow at a CAGR of 3.4% from 2025 to 2034, reaching a value of USD 985.17 billion by the end of the forecast period. This growth is largely driven by the rising demand for seafood, particularly in developing economies, coupled with a growing consumer preference for healthy, protein-rich diets. Factors such as expanding global trade, technological advancements in fish farming, and innovations in sustainable fishing practices also contribute to the positive outlook for the fish market in the coming decade.

Market Trends

The fish market is experiencing several key trends, which are shaping its growth and development. The growing consumer preference for sustainable and responsibly sourced seafood is driving demand for eco-friendly and certified fish products. Another trend is the increasing popularity of plant-based seafood alternatives, driven by health and environmental concerns. Additionally, convenience is becoming a significant factor, with consumers gravitating towards processed and ready-to-eat fish products. The rise of online sales channels also plays a crucial role in transforming the fish market, making seafood more accessible to consumers worldwide.

Another important trend is the shift towards premium fish products. Consumers are increasingly willing to pay more for higher-quality fish, such as wild-caught or organic options. Moreover, the expansion of the Asian market, particularly China, Japan, and India, is contributing to the growth of the global fish industry. As urbanization continues, fish is becoming an essential part of the diet in many regions, leading to an increase in demand.

Market Growth

The fish market has shown steady growth over the past decade, and the trend is expected to continue. With a CAGR of 3.4% projected between 2025 and 2034, the market will see an increase in both volume and value. Key drivers of this growth include rising global seafood consumption, improved fishing and aquaculture techniques, and increased investments in the industry. Additionally, the demand for fish protein is expected to rise as consumers in emerging markets become more health-conscious and shift away from red meat.

Advancements in fish farming technology, such as closed containment systems and sustainable aquaculture practices, are also contributing to market growth. These innovations enable producers to meet the rising demand for fish without overexploiting marine resources. Furthermore, the increasing popularity of online food delivery services and e-commerce platforms is expected to make seafood more accessible, especially in regions where it was previously less available.

Industry Segmentation

The fish market can be segmented into several categories, including type, form, distribution channel, and region. Each segment plays a vital role in determining the market’s overall dynamics and growth.

Breakup by Type

1. Freshwater Fish
   Freshwater fish are typically found in lakes, rivers, and ponds, and they constitute a significant portion of the global fish market. This category includes species such as tilapia, catfish, and trout. Freshwater fish are highly consumed across various regions, especially in areas where freshwater fishing is a dominant industry.

2. Marine Water Fish
   Marine fish, which are found in the ocean, make up the other major segment of the fish market. Popular species in this category include salmon, tuna, mackerel, and sardines. The demand for marine fish is higher in coastal areas and regions with a strong seafood culture. Marine fish are also key to the global export market.

Breakup by Form

1. Fresh
   Fresh fish is a primary segment in the market, favored by consumers who prioritize quality and taste. Fresh fish can be found in both retail outlets and fish markets, where it is often sold whole, filleted, or portioned.

2. Processed
   Processed fish, such as frozen fish, canned fish, and fish fillets, accounts for a large share of the market. Processing techniques extend the shelf life of fish, making it easier for consumers to store and consume seafood. Processed fish products are growing in demand, particularly in urban areas where convenience is a significant factor in food purchasing decisions.

Breakup by Distribution Channel

1. Hypermarkets/Supermarkets
   Hypermarkets and supermarkets are major retail channels for fish, offering a wide variety of fresh and processed fish products. Consumers prefer purchasing fish from these outlets due to their convenience and the availability of various fish types and brands.

2. Specialty Stores
   Specialty stores, which focus on seafood and fish, cater to customers seeking high-quality or exotic fish products. These stores often provide personalized services and more diverse product offerings compared to larger retail chains.

3. Online Channels
   Online channels are rapidly gaining traction in the fish market. E-commerce platforms enable consumers to purchase seafood directly from suppliers and have it delivered to their doorstep. This distribution channel is especially popular in urban areas where convenience and time savings are important considerations.

4. Others
   Other distribution channels include direct-to-consumer sales, fish auctions, and wholesale markets, which play a vital role in the supply chain, particularly in regions with a strong local seafood industry.

Breakup by Region

1. North America

• United States of America
  The USA is one of the largest consumers of seafood globally, with a highly developed fish market. Demand for both fresh and processed fish is high, driven by consumer preferences for healthy and sustainable food options.
• Canada
  Canada has a strong fishing industry, particularly in the Atlantic region, where wild-caught fish such as salmon and cod are in high demand. The Canadian fish market is also growing due to increasing seafood consumption.

2. Europe

• United Kingdom
  The UK is a significant consumer of seafood, especially fish like cod, haddock, and salmon. The market continues to grow as consumers turn to more sustainable fish options.
• Germany, France, Italy, and Others
  These countries also contribute significantly to the European fish market, with high demand for processed fish and a preference for wild-caught fish.

3. Asia Pacific

• China, Japan, India, ASEAN, Australia, and Others
  The Asia Pacific region is expected to be the largest driver of growth in the global fish market, with countries like China and Japan being major fish consumers. Aquaculture is thriving in this region, contributing to increased supply.

4. Latin America

• Brazil, Argentina, Mexico, and Others
  Latin America is home to growing markets for seafood, with Brazil and Mexico being major consumers. Fish farming and wild-caught fish are both significant contributors to the regional economy.

5. Middle East and Africa

• Saudi Arabia, United Arab Emirates, Nigeria, South Africa, and Others
  The Middle East and Africa are emerging markets for fish, with increasing demand for seafood driven by rising disposable income and changing dietary habits.

Major Competitors in the Fish Market

1. Maruha Nichiro Corporation
   A leading Japanese company, Maruha Nichiro Corporation operates in various sectors of the seafood industry, from fishing to processing and distribution.

2. Nissui Corporation
   Another major player from Japan, Nissui Corporation is known for its wide range of seafood products, including frozen fish, canned fish, and ready-to-eat meals.

3. Thai Union Group PCL
   Thai Union is one of the largest seafood producers in the world, with a strong presence in both the frozen and canned fish markets. The company’s products are widely available across global markets.

4. Mowi ASA
   Mowi ASA is a Norwegian multinational company that specializes in farmed salmon. It is one of the largest producers of salmon in the world and a key player in the global fish market.

5. Cermaq Group AS
   Cermaq is a leading aquaculture company, focusing on sustainable salmon farming. It operates globally, providing high-quality seafood to markets in Asia, Europe, and North America.

6. Dongwon Group
   Dongwon Group is a South Korean conglomerate with a major presence in the fishing and seafood processing industries. The company is known for its innovative fish processing techniques.

7. Trident Seafoods
   Trident Seafoods is a prominent American seafood company that specializes in frozen seafood, including fish and shellfish. It serves both domestic and international markets.

8. The Pacific Seafood Group
   Based in the United States, The Pacific Seafood Group is a major supplier of fresh and processed seafood, focusing on sustainable and traceable seafood practices.