Fish Market Grow with a CAGR of 2.91% through 2030

The Global Fish Market is growing due to rising health consciousness, growing demand for protein-rich diets, and expansion of aquaculture.

According to TechSci Research report, “Fish Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the global Fish Market stood at USD 1.12 Tillion in 2024 and is expected to grow USD 1.33 Tillion by 2030 with a CAGR of 2.91% during the forecast period. The global fish market is undergoing a transformative phase, influenced by evolving consumer preferences, growing health consciousness, and innovations in production and distribution. Fish remains a vital source of protein for billions of people worldwide, especially in coastal and island nations where it is a dietary staple. As the demand for healthier, leaner protein sources rises across both developed and developing nations, fish has emerged as a preferred choice due to its high nutritional value, including essential omega-3 fatty acids, vitamins, and minerals. This shift is not just limited to traditional consumption patterns but also involves new demographics such as urban, health-conscious consumers who are increasingly integrating fish and seafood into their diet.

With natural fisheries facing challenges such as overfishing, habitat destruction, and marine pollution, aquaculture has become a sustainable and scalable solution. Countries like China, India, Vietnam, and Norway have made significant advancements in aquaculture technologies, resulting in enhanced yields, better disease management, and reduced environmental impact. Recirculating Aquaculture Systems (RAS) and aquaponics have gained momentum as eco-friendly, land-based methods of fish production, enabling fish farming in non-coastal areas and urban environments. These technological improvements not only help stabilize global fish supply but also support food security and employment in rural and coastal communities.

The global fish market is also experiencing strong growth due to the increasing popularity of processed, ready-to-cook, and ready-to-eat fish products. As lifestyles become more fast-paced and urbanized, consumers are seeking convenient meal solutions that do not compromise on nutrition or quality. This has led to a rise in demand for frozen fish fillets, canned seafood, marinated products, and seafood meal kits. In response, food processing companies are innovating with new formats, flavors, and packaging to appeal to younger and more time-constrained consumers. In addition, value-added fish products that cater to specific dietary needs—such as low-sodium, gluten-free, or omega-3 enriched—are helping to diversify the market.

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The global Fish Market is segmented into product type, distribution channel, and region.

Based on distribution channel, offline segment continues to dominate the global fish market, primarily due to the strong presence of traditional wet markets, fishmongers, supermarkets, and hypermarkets that offer consumers the ability to inspect freshness and quality firsthand. In many countries, particularly across Asia, Africa, and Latin America, offline retail is deeply rooted in cultural buying habits, with daily purchases of fresh fish being the norm. Supermarkets and seafood specialty stores also maintain a loyal customer base by providing a wide variety of fresh, frozen, and value-added products. Additionally, offline channels benefit from immediate product availability, personalized service, and fewer logistical challenges related to cold chain delivery. These factors collectively ensure the continued dominance of offline retail in global fish sales.

Based on region, Europe is emerging as the fastest-growing region in the global fish market, driven by increasing consumer awareness of health, nutrition, and sustainability. The region’s strong preference for high-quality, fresh, and eco-certified seafood—such as MSC and ASC-labeled products—is fueling demand. Mediterranean dietary habits, which emphasize fish consumption, are also influencing broader European food preferences. Government initiatives promoting sustainable fishing, reduced meat intake, and marine conservation have further boosted seafood consumption. Additionally, advancements in cold chain logistics, traceability, and digital seafood retail platforms are enhancing market accessibility across countries like Germany, France, Spain, and the UK.

Major companies operating in the global Fish Market are:

• Mowi
• Thai Union Group PCL
• Maruha Nichiro Corporation
• Nippon Suisan Kaisha (NISSUI)
• Austevoll Seafood ASA
• SalMar ASA
• Bakkafrost
• Leroy Seafood Group
• Penglai Jinglu Fishery
• Oceana Group Ltd

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“The global fish market is driven by rising health consciousness, increasing demand for protein-rich diets, and the rapid expansion of aquaculture. Technological advancements in fish farming and cold chain logistics are also supporting supply growth. Key trends include the shift toward sustainable and eco-labeled seafood, growth of land-based aquaponics and RAS systems, and digital integration across the supply chain. Consumers are also embracing processed, ready-to-eat, and value-added fish products for convenience. These factors collectively shape a dynamic and evolving global fish industry”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Fish Market – Global Industry Size, Share, Trends, Opportunity and Forecast, By Product Type (Fresh, Frozen, Others), By Distribution Channel (Online, Offline), By Region & Competition, 2020-2030F”, has evaluated the future growth potential of global Fish Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Fish Market.

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