Global Fish Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Global Fish Market Report is Segmented by Geography (North America, Europe, Asia-Pacific, South America, Middle East, and Africa). The Report Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

Fish Market Size and Share

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Fish Market Analysis by Mordor Intelligence

The Global Fish Market size is estimated at USD 1.09 trillion in 2025 and is projected to reach USD 1.26 trillion by 2030, at a CAGR of 2.80% during the forecast period. Steady population growth, rising incomes in emerging economies, and an entrenched shift toward nutrient-dense proteins underpin demand momentum. Aquaculture’s expansion, together with productivity gains from digital farming tools, is easing supply constraints even as wild-catch quotas tighten. Trade policy shifts and climate-linked biomass volatility inject near-term uncertainty, yet sustained government backing for blue-food nutrition programs and cold-chain upgrades continue to widen consumer access. Consolidation among leading producers is reshaping the fish market’s competitive contours, with scale and advanced technology emerging as decisive differentiators.

Key Report Takeaways

• By geography, Asia-Pacific captured 70% of the fish market share in 2024, while Europe is projected to grow at a 4.2% CAGR through 2030.

Geography Analysis

Asia-Pacific commands a 70% value share, generating USD 763 billion in 2024 through robust production and growing urban appetites. China alone harvested 71 million metric tons, with aquaculture supplying 58.1 million metric tons and supporting a 2.6% CAGR for the regional fish market. India’s per-capita seafood intake jumped more than 80% since 2005, and Indonesia’s aquaculture output climbed to 14.6 million metric tons in 2021 on 13.65% annual growth. Trade flows are evolving quickly: China’s projected supply gap of up to 18 million metric tons by 2030 is likely to reshape global sourcing patterns, while tariff shifts in the United States redirect Vietnamese shrimp toward South America.

Europe accounts for 8% of global value yet posts the fastest growth at 4.2% CAGR through 2030. Norway’s record NOK 175.4 billion (USD 17.61 billion) seafood exports underpin regional momentum, with salmon constituting 70% of receipts. EU import demand reached 11.6 million metric tons despite purchasing-power erosion; household spending rose to EUR 62.9 billion (USD 72.35 billion), partly offsetting a 17% drop in at-home volumes. Germany illustrates the dichotomy: per-capita intake fell to 12.5 kg in 2023, but total spending rose 3.7% to EUR 5 billion (USD 5.75 billion). European shrimp markets split their supply between domestic farms (30%) and imports (70%), reinforcing trade interdependence in the fish market.

North America holds a 15% value share and expands at 3.3% CAGR. The United States imported USD 25.3 billion worth of seafood in 2023, generating a USD 20.3 billion trade deficit. Tariffs ranging from 10% to 54% on key suppliers threaten established flows, placing upward pressure on retail prices and food-service margins. Domestic self-reliance averages 76%, anchored by Alaskan fisheries, yet warming waters challenge harvest stability along New England and Gulf coasts. USDA’s procurement programs help cushion consumption gaps, although 94% of American children still miss the recommended seafood intake. Policy uncertainty and climate exposure will continue to shape North American participation in the fish market over the forecast horizon.

Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Recent Industry Developments

  • May 2025: The UK-EU trade deal ensures EU fishing access to UK waters until 2038, maintaining stability for the seafood industry while limiting renegotiation opportunities.
  • January 2025: Mowi closed its EUR 625 million (USD 718.81 million) purchase of an additional 46% stake in Nova Sea, raising global harvest capacity to 572,000 metric tons.
  • April 2024: Silver Bay Seafoods acquired Trident Seafoods’ Ketchikan processing facility. This strategic move enhances Silver Bay’s capacity to support salmon fisheries in the Southeast region.

Table of Contents for Fish Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Health-centric protein demand surge
    • 4.2.2 Aquaculture yield gains from AI-enabled precision farming
    • 4.2.3 Government blue-food nutrition initiatives
    • 4.2.4 Expansion of cold-chain capacity in emerging economies
    • 4.2.5 Under-utilised mesopelagic species commercialization
    • 4.2.6 Vertical-ocean farming prototypes proving scale economics
  • 4.3 Market Restraints
    • 4.3.1 Intensifying climate-linked biomass volatility
    • 4.3.2 Antimicrobial-resistance scrutiny on aquaculture therapeutics
    • 4.3.3 Trade-policy shocks and seafood tariffs
    • 4.3.4 Micro- and nano-plastic contamination concerns
  • 4.4 Value / Supply-Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 PESTEL Analysis

5. Market Size and Growth Forecasts (Value and Volume)

  • 5.1 By Geography (Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Analysis (Volume and Value), Export Analysis (Volume and Value), and Price Trend Analysis)
    • 5.1.1 North America
    • 5.1.1.1 United States
    • 5.1.1.2 Canada
    • 5.1.1.3 Mexico
    • 5.1.2 South America
    • 5.1.2.1 Brazil
    • 5.1.2.2 Chile
    • 5.1.2.3 Peru
    • 5.1.3 Europe
    • 5.1.3.1 Norway
    • 5.1.3.2 United Kingdom
    • 5.1.3.3 Spain
    • 5.1.3.4 France
    • 5.1.3.5 Netherlands
    • 5.1.3.6 Russia
    • 5.1.4 Asia-Pacific
    • 5.1.4.1 China
    • 5.1.4.2 India
    • 5.1.4.3 Indonesia
    • 5.1.4.4 Vietnam
    • 5.1.4.5 Japan
    • 5.1.4.6 Myanmar
    • 5.1.5 Middle East
    • 5.1.5.1 Saudi Arabia
    • 5.1.5.2 Turkey
    • 5.1.5.3 Iran
    • 5.1.6 Africa
    • 5.1.6.1 Egypt
    • 5.1.6.2 Nigeria
    • 5.1.6.3 Cote d'Ivoire
    • 5.1.6.4 South Africa

6. Competitive Landscape

  • 6.1 List of Key Stakeholders
    • 6.1.1 Mowi
    • 6.1.2 Thai Union Group PCL
    • 6.1.3 Maruha Nichiro Corporation
    • 6.1.4 Nippon Suisan Kaisha (NISSUI)
    • 6.1.5 Austevoll Seafood ASA
    • 6.1.6 SalMar ASA
    • 6.1.7 Bakkafrost
    • 6.1.8 Leroy Seafood Group
    • 6.1.9 Penglai Jinglu Fishery
    • 6.1.10 Oceana Group Ltd

7. Market Opportunities and Future Outlook

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Global Fish Market Report Scope

Fish is a rich source of essential fatty acids, vitamins, and minerals. Therefore, it plays a prominent role in a healthy diet.

The fish market is segmented by type (freshwater fish and marine water fish) and Geography (North America, Europe, Asia Pacific, South America, and Africa). The report includes production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis.

The report offers market estimation and forecast in value (USD) and volume (metric tons) for the above-mentioned segments.

By Geography (Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Analysis (Volume and Value), Export Analysis (Volume and Value), and Price Trend Analysis) North America United States
Canada
Mexico
South America Brazil
Chile
Peru
Europe Norway
United Kingdom
Spain
France
Netherlands
Russia
Asia-Pacific China
India
Indonesia
Vietnam
Japan
Myanmar
Middle East Saudi Arabia
Turkey
Iran
Africa Egypt
Nigeria
Cote d'Ivoire
South Africa
By Geography (Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Analysis (Volume and Value), Export Analysis (Volume and Value), and Price Trend Analysis)
North America United States
Canada
Mexico
South America Brazil
Chile
Peru
Europe Norway
United Kingdom
Spain
France
Netherlands
Russia
Asia-Pacific China
India
Indonesia
Vietnam
Japan
Myanmar
Middle East Saudi Arabia
Turkey
Iran
Africa Egypt
Nigeria
Cote d'Ivoire
South Africa
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Key Questions Answered in the Report

What is the current size of the global fish market?

The fish market is valued at USD 1.09 trillion in 2025 and is forecast to reach USD 1.26 trillion by 2030.

Which region holds the largest fish market share?

Asia-Pacific leads with 70% of global value, supported by China’s 71 million metric tons production capacity.

How fast is the European fish market growing?

Europe posts the fastest regional CAGR at 4.2% through 2030, powered by strong salmon exports from Norway.

How are tariffs affecting seafood trade with the United States?

New U.S. duties ranging from 10% to 54% on imports are raising costs and could shift sourcing toward non-tariffed suppliers.

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