Global Processed Seafood Market Size By Processing Type (Manual, Automated), By Product (Frozen, Canned, Smoked), By Type (Fish, Crustaceans), By Distribution Channel (Supermarkets/Hypermarkets, Food Stores), By Geographic Scope And Forecast

Processed Seafood Market Size And Forecast

Processed Seafood Market size was valued at USD 242.24 Billion in 2024 and is projected to reach USD 358.17 Billion by 2031, growing at a CAGR of 5.01% during the forecasted period 2024 to 2031.

Seafood lovers are feeling the pinch with rising prices for fresh catches, so they're increasingly turning to processed seafood, which is really giving the whole industry a boost. Plus, there's been some pretty cool stuff happening with seafood tech and processing lately, opening up even more opportunities. Think about itmore people living in cities, a bigger focus on eating healthy, and families changing – all this is fueling the Processed Seafood Market and keeping it growing strong. Want the full scoop? The Global Processed Seafood Market report takes a deep dive into all of it. It's got everything from key segments to the latest trends, what's driving the market, what's holding it back, who the big players are, and all the other important things that are shaping the market right now.

Global Processed Seafood Market Definition

Seafood is a highly perishable food, processing is necessary to keep it fresh and safe for consumption even after long periods of time. Processed seafood is any value addition to seafood that is done mainly to maintain or prolong its shelf life. Processing is often performed to enhance the taste, color, and nutritional value of the seafood. Seafood preservation can be achieved in a number of ways. Drying and salting are the most popular methods for processing seafood. Burning, salting, curing, gutting, filleting, and other techniques are also available.

Bony fishes, mollusks, and shellfish are considered seafood. Millions of people around the world depend on these as their primary source of nutrition. It is a healthy source of protein and has less fat than other animal protein sources. Because of its low cholesterol, it is very beneficial to heart patients. It also contains vitamins that are important for human bodies, such as vitamin B, iodine, zinc, and potassium. Rising disposable income has resulted in a surge in demand for these goods in developing economies.

Global Processed Seafood Market Overview

For years, processed seafood has been getting more and more popular! Thanks to some cool technological advancements, processing seafood is getting smarter, and it lasts longer. We're also catching more fish because we're using better fishing methods and finding new places to fish. People want it because it's full of protein, and everyone loves how easy it is to cook. You see processed seafood everywhere now, even far from the coast, as we import and export this delicious food all over the world. Plus, our shipping and cold storage are way better, which helps the industry grow. Basically, all this exporting is a major reason the Processed Seafood market is booming!

Increasing demand for processed seafood, combined with continuous advancements in fishing techniques, are major factors driving the Global Processed Seafood Market expansion. In addition, customer preference for ready-to-eat seafood and technological advances in processing equipment are expected to drive growth in the Global Processed Seafood Market. Also, the availability of reliable and effective shipping facilities with cold storage, as well as increased import and export activities for processed seafood around the world, are expected to significantly help in the growth of the global Processed Seafood Industry.

However, there is still a significant gap in the development of infrastructure in the seafood industry due to the presence of conventional processing equipment, as well as a lack of funds and insufficient management, which restrains the growth of the processed seafood sector. In addition, strict governmental regulations such as stricter fishing policies and environmental laws to protect water populations are expected to result in increased fishing activity. This would result in a lack of raw materials, hampering the growth of the Processed Seafood Market.

Global Processed Seafood MarketSegmentation Analysis

The Global Processed Seafood Market is segmented on the basis of Processing Type, Product, Type, Distribution Channel, And Geography.

Processed Seafood Market, By Processing Type

• Manual
• Automated

Based on Processing Type, The market is segmented into Manual and Automated.

Processed Seafood Market, By Product

• Frozen
• Canned
• Smoked
• Dried

Based on Product, The market is segmented into Frozen, Canned, Smoked, and Dried. Due to the easy availability and easy-to-cook properties, frozen products accounted for the strongest and fastest growing market share. The longer shelf life, controlled odour, and improved texture of frozen Seafood, it is expected to maintain a dominant position with a significant market share.

Processed Seafood Market, By Type

• Fish
• Crustaceans
• Molluscs

Based on Type, The market is segmented into Fish, Crustaceans, and Molluscs. Due to the market demand and exchange of processed fish products, the fish segment accounted for the largest market share. The perishable nature of the fish necessitates processing by the fishermen and harvesters.

Processed Seafood Market, By Distribution Channel

• Supermarkets/Hypermarkets
• Food Stores
• Others (Fish shops and online)

Based on Distribution Channel, The market is segmented into Supermarkets/Hypermarkets, Food Stores, and Others (Fish shops and online). Supermarkets/Hypermarkets are expected to be the leading category in terms of processed seafood sales. There is a high level of consumer reliance on grocery goods or processed edibles, which is expected to drive the demand.

Processed Seafood Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, The Global Processed Seafood Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Due to increased Processed Seafood consumption, Asia-Pacific had the strongest market share in 2020. The Asia Pacific region’s processed seafood industry is expanding as a result of consumers’ hectic lifestyles. In response to rapid urbanization and diet diversification, the region’s Processed Seafood Market is also undergoing a major transformation.

Key Players

The “Global Processed Seafood Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Maine Harvest ASA., Freiremar S.A., Leigh Fisheries Ltd., Wm Morrison Supermarkets plc, Seattle Fish Company, Lee Fishing Company, Thai Union Group, John Westfoods Ltd., Middleby Corporation, and Royal Greenland A/S. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally

Report Scope

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We'll dive deep into the market, looking at both the numbers (quantitative) and the less tangible aspects (qualitative), segmenting it based on all sorts of factors, from the economy to, well, everything else. We'll give you the market value in USD Billion for every piece of the pie. We'll point out which regions and segments are poised for the biggest boom and which ones already rule the roost. Expect a breakdown by geography, showing you where the product/service is really being used and what's driving the market in each area. We'll map out the competitive landscape, ranking the big players and tracking their new product launches, partnerships, expansions, and acquisitions from the last five years. Our profiles of these key companies are comprehensive, including overviews, insights, product comparisons, and a good old SWOT analysis. We'll give you a clear picture of the current and future market, highlighting growth opportunities and the challenges ahead in both up-and-coming and established regions. We'll even use Porter's five forces to give you an in-depth view from all angles and a peek into the Value Chain. Finally, we'll share the market dynamics, growth opportunities, and even 6-month post-sales analyst support to help you make sense of it all.

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.