US Seafood Market Overview:
The US Seafood Market Size was estimated at 26.47 (USD Billion) in 2023. The US Seafood Industry is expected to grow from 30(USD Billion) in 2024 to 38 (USD Billion) by 2035. The US Seafood Market CAGR (growth rate) is expected to be around 2.172% during the forecast period (2025 - 2035).
Key US Seafood Market Trends Highlighted
The US Seafood Market is currently experiencing several key market trends shaped by consumer preferences and sustainability practices. One notable trend is the growing demand for sustainably sourced seafood. Consumers are increasingly concerned about overfishing and environmental impact, leading to a shift toward purchasing seafood that is certified by reputable organizations. Additionally, there is heightened interest in traceability, where consumers seek assurance about where their seafood is sourced and the methods used in its production. Another significant trend is the rise of plant-based alternatives, with companies developing seafood substitutes made from ingredients like algae and legumes.This trend caters to health-conscious consumers while also appealing to those aiming to reduce their carbon footprint. In recent times, the convenience of ready-to-cook seafood products is also gaining traction. Consumers are looking for quick meal options that do not compromise quality, driving innovations in packaging and pre-prepared seafood solutions. Furthermore, the popularity of online grocery shopping has transformed how seafood is sold, with many consumers opting for home delivery services that provide fresh seafood options directly to their doorsteps. Opportunities in the US Seafood Market lie in expanding educational initiatives focused on the health benefits of seafood consumption.Promoting seafood as a source of essential nutrients could help boost demand. Additionally, exploring partnerships with restaurants and meal kit providers to include seafood options can cater to the rising trend of convenience-seeking consumers. As these trends continue to evolve, they will shape the future landscape of seafood consumption in the United States.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
US Seafood Market Drivers
Growing Health Consciousness Among Consumers
In recent years, there has been a significant increase in health awareness among the United States population, leading to a growing preference for seafood due to its numerous health benefits. The United States Department of Agriculture (USDA) highlights that seafood is a rich source of omega-3 fatty acids, which are beneficial for heart health. The USDA reports that fish consumption has increased by approximately 14% over the last decade, which is a direct correlation to the rising number of consumers opting for healthier diets.As individuals become more mindful of their food choices, the demand for the US Seafood Market Industry is expected to grow, further underpinning its potential for future expansion. Additionally, organizations such as the American Heart Association advocate for at least two servings of fish per week. This growing advocacy enhances public awareness and aligns closely with the industry's growth trajectory.
Sustainability Initiatives in Seafood Production
Sustainability in seafood production has become a pivotal factor driving the growth of the US Seafood Industry. Reports from the National Oceanic and Atmospheric Administration (NOAA) reveal that more than 90% of the U.S. seafood supply is imported, prompting the need for sustainable domestic seafood practices. The NOAA's Sustainable Fisheries Program outlines various initiatives aimed at promoting responsible fishing and aquaculture, which have contributed to an increased interest among consumers.In 2020, sustainable seafood sales saw a 35% increase in the U.S., showcasing a growing preference for responsibly sourced seafood. This trend is likely to become more ingrained in consumer behavior as awareness regarding environmental impact grows, fostering a favorable environment for the US Seafood Market Industry.
Increase in Seafood Exports
The export potential of the US Seafood Market Industry is another significant driver for its growth. According to the National Marine Fisheries Service (NMFS), U.S. seafood exports reached over $5.1 billion in 2020, and this figure is projected to increase as international markets continue to grow. The demand for American seafood, particularly wild-caught varieties, is rising in countries such as Japan and China due to their high quality and sustainability practices.U.S. seafood exporters like Pacific Seafood are capitalizing on this trend to introduce innovative, ready-to-eat products that meet international standards, significantly boosting the US Seafood Market. The growing recognition of American seafood quality and safety, reinforced by the Food and Drug Administration (FDA), is a key factor enhancing the industry's export potential.
US Seafood Market Segment Insights:
Seafood Market Seafood Type Insights
The Seafood Type segment of the US Seafood Market plays a critical role in shaping the overall landscape of seafood consumption and revenue generation in the country. This segment is characterized by a diverse array of offerings, which include Cephalopods, Shellfish, Mollusks, Level Fish, Groundfish, Salmonids, Fish, and Pelagic species. This extensive categorization reflects the rich marine biodiversity found within US waters and the importance of these species in meeting consumer preferences and dietary needs. For instance, Cephalopods, encompassing squid and octopus, have seen increasing popularity owing to their unique culinary qualities and adaptability in various cuisines. Shellfish, including shrimp, crab, and lobster, remain a staple choice among seafood lovers, thanks to their perceived luxury and versatility in meal preparation. Mollusks, such as clams and oysters, not only provide nutritional benefits but also have cultural significance in various regions of the US. Level Fish and Groundfish, which comprise species like cod and haddock, are vital for their role in commercial fishing and sustainability efforts. Salmonids, particularly salmon and trout, are not only sought after for their nutritional profile but also hold significant economic value due to strong demand in both fresh and processed forms. Fish varieties encompass a plethora of species, further diversifying the market through options like tilapia, catfish, and haddock which cater to different consumer tastes and price points. Pelagic species, including tuna and mackerel, represent an important segment for the US Seafood Market as they contribute heavily to both domestic consumption and international exports. The growth dynamics within the Seafood Type segment are driven by changing consumer preferences towards health-conscious eating, as seafood is often perceived as a healthier alternative to traditional protein sources. Furthermore, increased awareness regarding the sustainability of fishing practices has prompted a re-evaluation of consumer choices, leading to increased demand for responsibly sourced seafood. Challenges such as overfishing and climate change, however, pose risks to the industry's future, making it crucial for stakeholders to balance profitability and sustainability. The overall Seafood Type segment is expected to navigate these trends by adapting to consumer demand while maintaining strong ties to environmental conservation practices. Each of these types contributes to the overall US Seafood Market revenue through a combination of traditional consumption patterns and evolving culinary trends, underscoring their importance in the broader context of food security and economic viability.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Seafood Market Seafood Retail Insights
The Seafood Retail segment within the US Seafood Market has shown steady growth driven by increasing consumer demand for seafood products. As health-conscious eating continues to trend, more consumers are incorporating seafood into their diets due to its nutritional benefits. The segment is diverse, with various types such as Surrounding, Frozen, and Chilled seafood, each catering to different consumer preferences. Frozen seafood offers convenience and longer shelf life, which appeals to busy households. Chilled seafood products, on the other hand, maintain freshness and are often preferred by consumers looking for premium quality.The Surrounding category includes various ready-to-eat and processed options that effectively target the on-the-go consumers. This segmentation supports the significant demand for both traditional and innovative seafood offerings, prompting retailers to expand their product lines. Additionally, the US Seafood Market industry is capitalizing on sustainable sourcing and eco-labeling, which resonate with environmentally conscious consumers and further boost market acceptance. Overall, the commitment to quality, convenience, and sustainability is likely to reinforce the segment's importance within the broader US Seafood Market, making it a key area for future growth and investment.
Seafood Market Seafood Distribution Channel Insights
The Seafood Distribution Channel plays a crucial role in the overall US Seafood Market, facilitating the delivery of products from producers to consumers. This segment is characterized by its diverse channels, including Retail, Foodservice, and Institutional, each holding significant market shares. Retail is essential as it addresses the growing consumer demand for fresh, frozen, and canned seafood products, making seafood accessible to households across the country. Foodservice represents a substantial portion of the market as restaurants and catering services increasingly incorporate seafood into their menus, reflecting rising consumer preferences for health-conscious dining options.Additionally, the Institutional segment supplies seafood to schools, hospitals, and other organizations, emphasizing the importance of nutritious meal programs. The demand for sustainable and ethically sourced seafood further drives growth across these channels, compelling distributors to adapt their practices to align with consumer values. This dynamic landscape presents numerous opportunities for innovation and expansion, as stakeholders identify new trends and shift towards more sustainable practices in seafood distribution.
US Seafood Market Key Players and Competitive Insights:
The US Seafood Market is a dynamic and competitive landscape that plays a crucial role in the overall food industry. It is characterized by a diverse array of players ranging from large multinational corporations to smaller, regional firms. The market is driven by changing consumer preferences, increasing health awareness, and the growing popularity of seafood as a protein source. Competitive insights reveal that participants are leveraging technological innovation, sustainable sourcing, and marketing strategies to capture the attention of health-conscious consumers. Sustainability has become a pivotal focus, influencing product development, supply chain practices, and consumer engagement tactics, making it a significant differentiator for companies within this sector.Bumble Bee Foods stands out in the US Seafood Market as a prominent brand renowned for its extensive range of seafood products, which include canned tuna, salmon, and sardines, among others. The company has built a strong presence through its commitment to quality and sustainability, catering to a demographic that values environmentally responsible sourcing. Bumble Bee Foods excels in brand recognition and customer loyalty, which have been developed over decades of operation. Their marketing strategies effectively highlight the nutritional benefits of seafood, enhancing their appeal to health-conscious consumers. The company has also focused on product diversification to meet the evolving preferences of consumers, positioning itself as a leader in the canned and packaged seafood segment within the US market.Trident Seafoods operates as a key player within the US Seafood Market, recognized for its comprehensive offerings in seafood products such as frozen seafood, fillets, and value-added products. The company has established a considerable market presence due to its operational scale and a robust supply chain that ensures product availability and quality. Trident Seafoods emphasizes sustainability in its fishing and processing practices, which resonates well with environmentally aware consumers. Their strengths lie in the commitment to innovation, which has led to the development of unique products that cater to diverse culinary trends. The company has also engaged in strategic mergers and acquisitions to expand its market reach and enhance its capabilities, making it a formidable entity in the competitive landscape of the US seafood sector.
Key Companies in the US Seafood Market Include:
US Seafood Market Industry Developments
Recent developments in the US Seafood Market have witnessed a notable surge in demand driven by health-conscious consumer trends. Companies like Bumble Bee Foods and Trident Seafoods have reported increased market valuations, reflecting a growing interest in seafood as a healthier protein alternative. In September 2022, AquaBounty Technologies announced a manufacturing partnership aimed at scaling up its genetically modified salmon production, tapping into sustainable aquaculture solutions. The landscape also experienced changes with the acquisition of Smoky Mountain Seafood by Pacific Seafood in June 2023, further consolidating market competitiveness. Companies like Sysco and Compass Group are pivoting towards ethical sourcing and carbon-neutral initiatives, aligning with the increasing consumer preference for sustainability. Moreover, Mowi USA and High Liner Foods are actively expanding their product lines to include plant-based alternatives. In recent years, the launch of seafood delivery services has gained traction, reflecting shifts in consumer purchasing habits. Overall, the US Seafood Market is adapting to evolving trends, with companies emphasizing sustainability, innovation, and health benefits while continuously adjusting to changing consumer preferences.
US Seafood Market Segmentation Insights
Seafood Market Seafood Type Outlook
Seafood Market Seafood Retail Outlook
Seafood Market Seafood Distribution Channel Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 26.47(USD Billion) |
| MARKET SIZE 2024 | 30.0(USD Billion) |
| MARKET SIZE 2035 | 38.0(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 2.172% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Bumble Bee Foods, Trident Seafoods, Compass Group, AquaBounty Technologies, Smoky Mountain Seafood, Pacific Seafood, Johnson's Seafood, SeaPak, Sysco, Ocean Beauty Seafoods, High Liner Foods, Mowi USA, Blue Horizon International, Marine Harvest USA, Gorton's |
| SEGMENTS COVERED | Seafood Type, Seafood Retail, Seafood Distribution Channel |
| KEY MARKET OPPORTUNITIES | Sustainable seafood sourcing, E-commerce growth for seafood, Plant-based seafood alternatives, Health-conscious consumer trends, Regional specialty seafood products |
| KEY MARKET DYNAMICS | Sustainable sourcing practices, Increasing consumer health consciousness, Rising demand for convenience foods, E-commerce growth in seafood sales, Regulatory changes in fishing quotas |
| COUNTRIES COVERED | US |
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