Processed Seafood Market Size To Worth USD 549.31 Billion By 2035, Driven By Rising Demand For Convenient, Protein-Rich Foods

Challenge

Overfishing and Depletion Are Hampering the Market's Growth

Overfishing and depletion are among the major restraints on the market's growth. Issues such as food web disruptions, biodiversity loss, poverty in coastal areas, and higher fish prices also constrain market growth. Such issues hamper the supply chain and harm fish reproduction, while also risking the species. Hence, these factors collectively hamper the market's growth.

Opportunity

Convenient and Nutritional Options Are Helpful for the Industry's Growth

Higher demand for convenient, nutritious seafood options among consumers with hectic lifestyles is a major opportunity for market growth. Such options are available in ready-to-cook and ready-to-eat forms. They can be easily reheated and consumed, which is helpful for consumers who want a nutritious meal while they are outdoors or after wrapping up a hectic day with no time to cook a proper meal. Such options are also helpful for avoiding unhealthy and junk food, which are highly lucrative for consumers with a time crunch. Hence, such factors aid the market's growth and offer an ideal opportunity to expand globally.

Processed Seafood Market Regional Analysis

Asia Pacific Led the Processed Seafood Market in 2025

Asia Pacific led the processed seafood market in 2025 due to higher demand for convenient, nutritious seafood options, thereby enhancing its growth. Growing disposable income, rapid urbanization, and higher demand for nutritional options are also major factors driving market growth.

The availability of advanced cold storage systems is essential for the market, and the storage of processed seafood is another major factor driving market growth in the region. China has a major contribution to the market's growth, as the country is one of the largest exporters of processed seafood globally. Factors such as the country's high demand for convenient and protein-rich options also help propel the market's growth.

North America Is Expected to Grow in the Foreseen Period

North America is expected to be the fastest-growing region over the forecast period due to high demand for convenient options. Higher demand for ready-to-cook and ready-to-eat options is another major factor for the market's growth. Demand for low-fat, high-protein, and Omega-3 options is another major factor driving market growth. The US has a major contribution to the region's market growth due to high demand for protein-rich options such as fish, shrimp, and tuna. The availability of such options on various platforms also helps fuel the market's growth in the foreseeable period.

Europe Is Observed to Have a Notable Growth in the Foreseeable Period

Europe is observed to have notable growth in the processed seafood market due to improving regional aquaculture, improved cold-chain logistics, and higher demand for premium seafood options. Such options are high in protein and omega-3 fatty acids, further fueling market growth. Higher demand for ready-to-cook and ready-to-eat options is another major factor driving market growth. Countries such as Spain, France, and Portugal have the highest contribution to the region's market growth, with Spain the strongest, driven by higher demand for convenient, protein-rich options among consumers in the region.

Trade Analysis of the Processed Seafood Market

Market snapshot & recent trends

• Canned tuna is the dominant product group within processed fish, accounting for roughly 40–45% of HS-1604 trade by value in recent years.
• China, Thailand, and Ecuador are among the largest exporters of prepared/preserved tuna and processed seafood by value and volume; Thailand and Ecuador lead in canned tuna exports while China remains a major processed-seafood supplier overall.
• Global processed-seafood export values dipped in 2023 (value declines and shipment-count volatility were reported), reflecting tight raw-material supplies, price movements, and logistical disruptions following the 2022–2023 market shocks.
• Major importer markets for processed seafood include the United States, Japan, and key EU countries (Italy, Spain, UK), which together account for a large share of HS-1604 import value.

Top Exporters (supply hubs)

• Thailand: world leader in canned tuna processing and exports to retail markets worldwide.
• Ecuador: a major tuna exporter focused on canned/processed tuna lines to North America and Europe.
• China: large, diversified processed-seafood exporter (canned/preserved fish, ready meals, and processed crustaceans) and a major global supplier by shipment counts.
• Spain/EU exporters (Spain, Portugal, Norway for salmon processing): significant suppliers of premium processed lines (sardines, mackerel, smoked salmon) to EU and global retail channels.

Regulatory, sustainability & quality constraints

• Sanitary and veterinary approvals: processed seafood exporters must meet importer sanitary, residue and HACCP requirements; plant listings and certificates are required for many buyers.
• IUU (Illegal, Unreported and Unregulated) fishing controls & traceability: increasing importer enforcement (catch certificates, electronic traceability) affects which origins can access premium markets.
• Sustainability certification (MSC, ASC) and policy screens: buyers and public procurement increasingly require Marine Stewardship Council (MSC) or Aquaculture Stewardship Council (ASC) certification, or equivalent proof, for certain product lines, thereby shaping exporter competitiveness.
• Trade remedies & sanitary bans: anti-dumping probes, country-level import restrictions or sanitary suspensions (disease outbreaks) can abruptly alter flows.

Government initiatives shaping trade

• Fisheries management & stock recovery programmes: quota setting, fleet regulation and vessel monitoring systems aim to stabilise catches and secure sustainable export supply.
• Export promotion & processing support: origin governments (Thailand, Ecuador, Norway, EU member states) subsidise cold-chain upgrades, processing upgrades, and sanitary audits to expand market access.
• Traceability / catch-certification adoption: projects to implement electronic catch documentation and traceability are increasingly required by importing markets to combat IUU fishing and ensure market eligibility.
  

Processed Seafood Market Report Scope

Processed Seafood Market Segmental Analysis

Species Analysis

The fish segment led the processed seafood market in 2025 due to its nutritional factors. Fishes are low in fat, high in protein, and rich in omega-3. Hence, they are highly in demand among consumers in various forms. Improved cold-chain management, logistics, and advanced storage facilities also help fuel the market's growth. Hence, such factors help enhance market growth.

The shrimp segment is expected to grow over the forecast period due to high demand for convenience, high-protein options, and versatile ingredients, thereby fueling the market's growth. Innovation in aquaculture and the availability of premium shrimps with long shelf-lives are also major factors driving the market's growth in the foreseeable period. Shrimps are nutrient-dense, high in protein, and low in calories, further fueling the growth of the processed seafood market in the foreseeable period.

Product Analysis

The frozen segment led the processed seafood market in 2025 due to its convenience, providing consumers with nutritious, protein-packed seafood options with extended shelf life. The segment focuses on maintaining shelf life and nutritional quality across a range of seafood options, further fueling market growth. Hence, the segment makes a major contribution to market growth. The segment also observes growth driven by technological innovations such as advanced cold-chain logistics, freezing technology, and vacuum-sealed packaging, which help propel the market's growth.

The canned seafood segment is expected to grow over the foreseeable period due to high demand for a balance between convenience and nutritional value. Canned seafood is high in protein, omega-3, and other nutritional values with an extended shelf-life. Hence, the segment is expected to grow in the forecast period. Such options can be easily prepared in less time and are ideal for consumers with a hectic lifestyle, thereby further propelling the market's growth.

Distribution Channel Analysis

The supermarket/hypermarket segment dominated in 2025 due to their ideal locations near residential areas, enabling consumers to shop for desired products with ease. Such stores offer a wide variety of products across dedicated sections, further fueling market growth and providing convenience for consumers. Such stores also feature an array of newly launched products, with detailed information and discounted prices. Hence, such attractive pointers also help to aid the growth of the segment.

The online retail segment is expected to grow in the foreseeable future due to the platform's convenience, which is beneficial for market growth. Online platforms have a wide product portfolio, ranging from newly launched to innovative offerings across different categories. Hence, it enables consumers to shop smartly, further fueling market growth. Such platforms also provide lucrative discounts to consumers, further fueling enhanced shopping.

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Strategic Profiles of Leading Companies in the Processed Seafood Sector

• Austevoll Seafood ASA: Austevoll Seafood ASA is a leading global seafood company based in Norway, operating across fishing, aquaculture, and processing. The company is known for its strong portfolio in pelagic fish, sustainable operations, and extensive export networks across Europe, Africa, and Asia.
• Aquachile: AquaChile is one of the world's largest salmon producers, specializing in high-quality farmed salmon and trout products. With advanced aquaculture practices and global distribution, the company plays a key role in meeting rising demand for premium processed seafood.
• The Union Frozen Products: The Union Frozen Products is a major seafood exporter focused on frozen fish and value-added seafood items. The company leverages modern processing facilities and a robust cold-chain network to deliver high-quality seafood to global retail and foodservice clients.
• Sajo Industries: Sajo Industries is a South Korean seafood and food processing company known for its extensive range of canned, frozen, and ready-to-eat seafood products. With strong innovation capabilities and international trade presence, Sajo remains a key player in the global seafood supply chain.
• Tropical General Investments Nigeria Ltd: Tropical General Investments (TGI Group) operates in diversified sectors, including agriculture and food processing, with a growing footprint in processed seafood. The company focuses on affordable, high-quality protein solutions tailored to emerging markets in Africa and beyond.
• China National Fishery Corporation (CNFC): CNFC is one of China's largest state-owned enterprises in deep-sea fishing, aquaculture, and seafood processing. With a global fishing fleet and large-scale processing operations, CNFC plays a vital role in supplying both domestic and international seafood markets.
• Trident Seafoods: Trident Seafoods is a leading U.S.-based seafood company specializing in wild-caught Alaskan seafood, including salmon, pollock, and cod. The company is recognized for its vertically integrated operations, sustainable sourcing practices, and strong retail and foodservice presence .
• High Liner Foods: High Liner Foods is a prominent North American processor and marketer of frozen seafood products for retail and foodservice channels. With a diverse product portfolio and a focus on innovation and responsible sourcing, the company remains a top supplier in the frozen seafood segment.

Segment Covered in the Report

By Species

• Fish
• Molluscs
• Tuna
• Shrimps
• Crabs
• Others

By Product

• Frozen Seafood
• Canned Seafood
• Smoked Seafood
• Dried Products
• Others
  

By Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Retail
• Retail
  

By Region

North America

• U.S.
• Canada

Asia Pacific

• China
• Japan
• India
• South Korea
• Thailand
  

Europe

• Germany
• UK
• France
• Italy
• Spain
• Sweden
• Denmark
• Norway

Latin America

• Brazil
• Mexico
• Argentina
  

Middle East and Africa (MEA)

• South Africa
• UAE
• Saudi Arabia
• Kuwait

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