Fresh Fish Market Report: Industry Growth, Trends, and Forecast 2025-2033
The global fresh fish market has experienced steady growth, with a market size valued at USD 241.45 billion in 2024. The industry is projected to expand from USD 248.49 billion in 2025 to USD 308.49 billion by 2033, reflecting a compound annual growth rate (CAGR) of 2.76% during the forecast period. This growth is driven by evolving consumer preferences, increased seafood consumption, and advancements in aquaculture practices.
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Industry Key Trends
Rising Health Awareness: Consumers are increasingly incorporating fish into their diets due to its nutritional benefits, including high protein and omega-3 fatty acids.
Technological Advancements: Innovations in cold storage, transportation, and aquaculture technology have improved the supply chain.
Sustainable Fishing Practices: The emphasis on eco-friendly and sustainable fishing methods is reshaping industry practices.
Growing Online Presence: Expansion of online seafood delivery services has broadened consumer access.
Government Initiatives: Supportive policies aimed at boosting seafood production have fueled market growth.
Fresh Fish Market Size and Share
The fresh fish market's valuation is expected to reach USD 308.49 billion by 2033, driven by increasing global demand. Key market players are expanding their operations to capitalize on this growth, while small and medium enterprises (SMEs) continue to gain traction due to local production capabilities.
Fresh Fish Market Statistics
Market Value (2024): USD 241.45 Billion
Projected Value (2025): USD 248.11 Billion
Forecasted Value (2033): USD 308.49 Billion
CAGR (2025-2033): 2.76%
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Regional Trends
The fresh fish market exhibits varied growth patterns across different regions due to diverse consumer preferences and fishing resources:
North America: The U.S. and Canada dominate this market due to high seafood consumption, advanced supply chains, and increasing awareness of fish-based diets.
Asia-Pacific (APAC): Countries such as China, India, and Japan lead due to robust aquaculture production, rising disposable incomes, and a strong seafood consumption culture.
Europe: Major markets include Norway, Spain, and the U.K., driven by growing health consciousness and the popularity of fish-centric cuisines.
LAMEA (Latin America, Middle East, and Africa): Brazil, South Africa, and Gulf countries are emerging as promising markets due to expanding fish farming operations and increasing seafood exports.
Fresh Fish Market Segmentations
By Product:
Pelagic
Demersal
By Form:
Fresh
Frozen
By Distribution Channel:
Offline
Online
Top Players in the Fresh Fish Market
Prominent companies driving the fresh fish market include:
Leigh Fisheries
Cermaq Group AS
Priory Fishery Ltd.
Huon Aqua
Stolt Sea Farm
Mowi
Thai Union Group PCL
Stehr Group
True World Foods
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