Fish Market Size and Share
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.
Global Fish Market Trends and Insights
Drivers Impact Analysis
Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
---|---|---|---|
Health-centric protein demand surge | +0.8% | Global; early gains in North America and Europe | Medium term (2–4 years) |
Aquaculture yield gains from AI-enabled precision farming | +0.5% | Asia-Pacific core; spill-over to Europe and North America | Long term (≥ 4 years) |
Government blue-food nutrition initiatives | +0.4% | Global, with emphasis on emerging economies | Medium term (2–4 years) |
Expansion of cold-chain capacity in emerging economies | +0.6% | Asia-Pacific, Africa, South America | Long term (≥ 4 years) |
Under-utilized mesopelagic species commercialization | +0.3% | North Atlantic, Southern Ocean regions | Long term (≥ 4 years) |
Vertical-ocean farming prototypes proving scale economics | +0.4% | Global, with early adoption in Norway, Chile | Long term (≥ 4 years) |
Source: Mordor Intelligence
Health-Centric Protein Demand Surge
Heightened awareness of seafood’s nutrient profile is catalyzing a broad consumption shift that directly boosts the fish market. Seventy percent of U.S. consumers reported stronger health consciousness after COVID-19, and national dietary guidelines now recommend seafood twice weekly, a target that 80% of adults still miss. China aims for 25 kg per-capita seafood intake by 2027, 75% higher than 2015 levels, while India logged an 81.43% jump in consumption between 2005 and 2021. With aquaculture feed conversion ratios near 2:1 versus beef’s 6:1, seafood offers compelling resource efficiency. The surge is most visible in premium species such as salmon, whose popularity has risen with global sushi and poké trends. As health-minded urban cohorts scale up weekly seafood occasions, spending power directly funnels into the fish market.
Aquaculture yield gains from AI-enabled precision farming
Investment in artificial intelligence is modernizing production systems and lifting the fish market’s long-run supply ceiling. Sector-wide AI funding topped USD 610 million, and leading farm operators deploy image recognition tools that achieve 95% accuracy in gender identification for tilapia. IoT-linked sensors adjust pH, temperature, and oxygen in real-time, cutting mortality and feed waste. China integrates blockchain for traceability, while Norway’s salmon farms rely on machine-vision lice counters that flag outbreaks early. Predictive analytics synchronize biomass forecasts with feeding regimes, preserving water quality and trimming costs. As early adopters scale, operating margins widen, steering more capital into technology roll-outs that reinforce the fish market’s growth curve.
Government Blue-Food Nutrition Initiatives
Public-sector programs now frame seafood as a tool for nutrition security, funneling consistent demand into the fish market. The World Economic Forum’s Blue Food Partnership estimates that marine foods supply 20% of animal protein for 3 billion people. In the United States, the USDA expanded seafood purchases for school lunches and nutrition programs, pairing procurement with stricter traceability standards under NOAA oversight.[1]U.S. Department of Agriculture, “China’s Seafood Production Update 2025,” usda.gov Developing economies also view blue-food strategies as cost-effective paths to mitigate vitamin B12 and omega-3 deficiencies. With the blue economy valued at USD 1.5 trillion in 2025, governments are aligning fisheries, health, and trade policies, reinforcing demand resilience across the fish market.
Expansion of Cold-Chain Capacity in Emerging Economies
Temperature-controlled logistics are crucial for high-value seafood, and recent investments are breaking distribution bottlenecks that once curbed the fish market. Benin’s USD 36.4 million aquaculture program pairs hatcheries with modern cold storage, while Saudi Arabia’s USD 4 billion plan includes processing hubs that can manage 600,000 metric tons of annual output. AI-driven route optimization reduces spoilage and stabilizes supply, which is particularly vital where post-harvest losses exceed 25%. Norway’s small-vessel fleet, previously chilled only 5% of cod landings, now adopts onboard refrigeration that raises average dockside prices. Enhanced cold chains unlock inland demand, lowering unit distribution costs and adding steady volume to the fish market.
Restraints Impact Analysis
Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
---|---|---|---|
Intensifying climate-linked biomass volatility | −1.2% | Global; acute in tropical and sub-polar regions | Long term (≥ 4 years) |
Antimicrobial-resistance scrutiny on aquaculture therapeutics | −0.7% | Asia-Pacific, Europe, North America | Medium term (2–4 years) |
Trade-policy shocks and seafood tariffs | -0.9% | Global, with concentration in US-China, EU-UK corridors | Short term (≤ 2 years) |
Micro- and nano-plastic contamination concerns | -0.4% | Global, with heightened scrutiny in developed markets | Medium term (2-4 years) |
Source: Mordor Intelligence
Intensifying Climate-Linked Biomass Volatility
Ocean warming is eroding biomass and sowing unpredictability across the fish market. Scientific models show a 5% biomass drop for every 1 °C rise, totaling a 17% decline by 2100 if emissions remain unchanged. Small pelagic species, which constitute 30% of global landings, already display a volatile supply that pushes prices higher in tropical hubs. The maximum sustainable yield fell 4.1% between 1930 and 2010, while revenue potential could shrink 10.4% by 2050 for 89% of fishing nations. Larger pelagics face metabolic stress and reduced prey, further constricting global catches. Regions reliant on artisanal fleets are especially exposed, complicating livelihood security and channel stability within the fish market.
Antimicrobial-Resistance Scrutiny on Aquaculture Therapeutics
Rising concern over antibiotic misuse is prompting tighter regulations that raise compliance costs for the fish market. The EU bans growth-promotion antibiotics, and China now limits use to 12 veterinary-approved drugs, all under prescription[2]Food and Agriculture Organization, “The State of World Fisheries and Aquaculture 2024,” fao.org. Importing nations have lowered maximum residue thresholds, leading to shipment rejections that dent exporter margins. The Philippines monitors residues to meet global standards, while the United States enforces HACCP plans for processors handling treated stock. Producers must pivot toward vaccines, probiotics, and best-practice husbandry, often increasing short-term outlays. Persistent regulatory scrutiny elevates barriers for smaller farms, potentially constraining output growth in the fish market.
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.
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.
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 |
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 |
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.