Market overview
The global seafood market is worth USD 543 bn in 2026 and is forecast to reach USD 844 bn by 2036, growing at a 4.5% CAGR. China is the largest country market and Farmed (aquaculture) is the largest by source segment.
| Scope | Fish, crustaceans and molluscs for human consumption, wild-caught and farmed, fresh, frozen, canned and processed, valued at market prices. |
|---|---|
| Industry | Food and Beverage |
| Value 2025 | USD 520 bn |
| Value 2026 | USD 543 bn |
| Value 2036 | USD 844 bn |
| CAGR 2026-2036 | 4.5% |
| Volume 2026 | 164,729 thousand tonnes |
| Volume 2036 | 220,431 thousand tonnes |
| Average price 2026 | USD 3,299 per tonne |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Seafood market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 543 bn |
| 2027 | USD 568 bn |
| 2028 | USD 593 bn |
| 2029 | USD 620 bn |
| 2030 | USD 648 bn |
| 2031 | USD 677 bn |
| 2032 | USD 708 bn |
| 2033 | USD 739 bn |
| 2034 | USD 773 bn |
| 2035 | USD 808 bn |
| 2036 | USD 844 bn |
Seafood market segmentation
By source
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Farmed (aquaculture) | 54.0% | 59.7% | USD 293 bn | 5.6% |
| Wild-caught marine | 40.0% | 34.8% | USD 217 bn | 3.1% |
| Wild-caught inland | 6.0% | 5.5% | USD 32.6 bn | 3.6% |
By species
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Fish | 67.0% | 64.8% | USD 364 bn | 4.2% |
| Crustaceans | 15.0% | 16.7% | USD 81.5 bn | 5.7% |
| Molluscs | 14.0% | 14.2% | USD 76.1 bn | 4.7% |
| Other aquatic animals | 4.0% | 4.3% | USD 21.7 bn | 5.2% |
By product form
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Fresh and chilled | 36.0% | 33.0% | USD 196 bn | 3.6% |
| Frozen | 34.0% | 35.0% | USD 185 bn | 4.8% |
| Canned and preserved | 12.0% | 11.0% | USD 65.2 bn | 3.6% |
| Processed and value-added | 18.0% | 21.0% | USD 97.8 bn | 6.1% |
By sales channel
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Supermarkets | 38.0% | 38.0% | USD 206 bn | 4.5% |
| Wet markets | 24.0% | 20.0% | USD 130 bn | 2.6% |
| Foodservice | 24.0% | 25.0% | USD 130 bn | 4.9% |
| Online | 14.0% | 17.0% | USD 76.1 bn | 6.5% |
By sourcing standard
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Non-certified | 78.0% | 68.0% | USD 424 bn | 3.1% |
| Sustainability-certified | 14.0% | 20.0% | USD 76.1 bn | 8.3% |
| Organic | 8.0% | 12.0% | USD 43.5 bn | 8.8% |
Top 25 countries for seafood by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 66.5% of 2026 revenue and the 25 countries below together hold 89.4%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 174 bn | 32.0% | USD 269 bn | 4.5% |
| 2 | India | USD 32.6 bn | 6.0% | USD 64.1 bn | 7.0% |
| 3 | Japan | USD 27.2 bn | 5.0% | USD 31.2 bn | 1.4% |
| 4 | United States | USD 27.2 bn | 5.0% | USD 38.0 bn | 3.4% |
| 5 | Indonesia | USD 24.5 bn | 4.5% | USD 41.4 bn | 5.4% |
| 6 | Vietnam | USD 19.0 bn | 3.5% | USD 35.4 bn | 6.4% |
| 7 | Brazil | USD 16.3 bn | 3.0% | USD 27.8 bn | 5.5% |
| 8 | Spain | USD 13.6 bn | 2.5% | USD 17.7 bn | 2.7% |
| 9 | Russia | USD 13.6 bn | 2.5% | USD 18.6 bn | 3.2% |
| 10 | South Korea | USD 13.6 bn | 2.5% | USD 20.3 bn | 4.1% |
| 11 | Thailand | USD 13.6 bn | 2.5% | USD 37.4 bn | 10.7% |
| 12 | Philippines | USD 13.6 bn | 2.5% | USD 25.0 bn | 6.3% |
| 13 | Norway | USD 13.6 bn | 2.5% | USD 19.2 bn | 3.5% |
| 14 | United Kingdom | USD 11.7 bn | 2.1% | USD 15.9 bn | 3.1% |
| 15 | Germany | USD 10.0 bn | 1.8% | USD 13.6 bn | 3.1% |
| 16 | France | USD 8.8 bn | 1.6% | USD 12.0 bn | 3.1% |
| 17 | Italy | USD 7.9 bn | 1.4% | USD 10.7 bn | 3.1% |
| 18 | Egypt | USD 7.2 bn | 1.3% | USD 11.1 bn | 4.5% |
| 19 | Bangladesh | USD 6.6 bn | 1.2% | USD 10.2 bn | 4.5% |
| 20 | Mexico | USD 6.1 bn | 1.1% | USD 8.3 bn | 3.0% |
| 21 | Taiwan | USD 5.7 bn | 1.1% | USD 7.8 bn | 3.1% |
| 22 | Malaysia | USD 5.4 bn | 1.0% | USD 7.3 bn | 3.0% |
| 23 | Canada | USD 5.1 bn | 0.9% | USD 6.8 bn | 3.1% |
| 24 | Chile | USD 4.8 bn | 0.9% | USD 6.5 bn | 3.1% |
| 25 | Peru | USD 4.6 bn | 0.8% | USD 6.2 bn | 3.0% |
| Rest of world | USD 57.5 bn | 10.6% | USD 82.3 bn | 3.6% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Mowi
- Nissui
- Thai Union Group
- Maruha Nichiro
- Cermaq
- Charoen Pokphand Foods
- Dongwon Industries
- Leroy Seafood Group
- Austevoll Seafood
Group 2: Regional and specialist players
- Cooke Aquaculture
- Grieg Seafood
- SalMar
- Bumble Bee Foods
- Pescanova
- Trident Seafoods
- High Liner Foods
- Pacific Seafood
- Tassal
- Bolton Group
Group 3: Emerging and niche players
- Atlantic Sapphire
- Nordic Aquafarms
- The Kingfish Company
- Proximar Seafood
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the seafood market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 4.5% is calculated from the resulting values.
The market is divided by source, by species, by product form, by sales channel, by sourcing standard. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the seafood market?
The global seafood market is estimated at USD 520 bn in 2025 and USD 543 bn in 2026.
How fast will the seafood market grow?
It is forecast to reach USD 844 bn by 2036, a compound annual growth rate of 4.5% from 2026, an increase of USD 300 bn.
Which country is the largest market for seafood?
China is the largest market by revenue at USD 174 bn in 2026, 32.0% of the global total. The three largest countries together hold 43.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 7.0% a year from 2026 to 2036.
Which seafood segment is largest?
In the by source split, Farmed (aquaculture) is the largest segment with 54.0% of 2026 revenue.
Who are the leading seafood companies?
Global leaders include Mowi, Nissui, Thai Union Group, Maruha Nichiro.
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