Fish and Seafood Industry in US Industry Growth Trends and Analysis

Key Insights

The US fish and seafood market, valued at approximately $20 billion in 2025, exhibits robust growth potential, projected to reach approximately $30 billion by 2033, driven by a 6.04% CAGR. This expansion is fueled by several key factors. Increasing consumer awareness of the health benefits associated with seafood consumption, particularly its high protein and omega-3 fatty acid content, is a significant driver. The growing popularity of seafood in various cuisines and its integration into diverse foodservice offerings, from fine dining to casual eateries, further contribute to market growth. Furthermore, advancements in sustainable fishing practices and aquaculture techniques are enhancing supply chain efficiency and addressing concerns about overfishing, bolstering consumer confidence. While rising input costs and potential supply chain disruptions pose challenges, the overall market outlook remains positive, particularly for value-added processed seafood products and convenient formats like frozen and canned seafood. The demand for sustainably sourced seafood is also driving innovation in sourcing and labeling, creating opportunities for brands that prioritize transparency and ethical practices.

Within the US market, the frozen segment is expected to dominate due to its convenience and longer shelf life. The off-trade distribution channel (grocery stores, supermarkets, online retailers) currently holds a larger market share compared to the on-trade (restaurants, hotels), although the latter segment is anticipated to experience growth driven by the resurgence of the food service industry. Key players like Trident Seafood Corporation, High Liner Foods Inc, and Sysco Corporation are leveraging their established distribution networks and brand recognition to capitalize on these trends. Regional variations exist, with the North American region, specifically the US, commanding the largest market share due to high consumption rates and well-established infrastructure. Competition is intense, necessitating strategic investments in product diversification, brand building, and sustainable sourcing to maintain a competitive edge.

Fish and Seafood Industry in US: A Comprehensive Market Report (2019-2033)

This in-depth report provides a comprehensive analysis of the US fish and seafood industry, encompassing market dynamics, growth trends, key players, and future outlook. The study period covers 2019-2033, with 2025 as the base year. This report is crucial for industry professionals, investors, and stakeholders seeking to understand this dynamic market. The report segments the market by Type (Fish, Shrimp, Other Seafood), Form (Canned, Fresh/Chilled, Frozen, Processed), and Distribution Channel (Off-Trade, On-Trade). Market values are presented in millions of USD.

Fish and Seafood Industry in US Market Dynamics & Structure

The US fish and seafood market is characterized by a moderate level of concentration, with several large players alongside numerous smaller regional operators. Technological innovation, particularly in processing and preservation techniques, plays a significant role. Stringent regulatory frameworks, focused on sustainability and food safety, heavily influence operations. Competitive product substitutes, such as plant-based alternatives, are gaining traction, impacting market share. End-user demographics are shifting, with growing demand from health-conscious consumers. M&A activity has been moderate in recent years, primarily driven by expansion strategies and consolidation within the industry.

• Market Concentration: The top 5 players hold an estimated xx% market share in 2025.
• Technological Innovation: Focus on automation, improved preservation methods, and sustainable fishing practices.
• Regulatory Landscape: Stringent FDA regulations and sustainability certifications (MSC, ASC) are key factors.
• Competitive Substitutes: Plant-based seafood alternatives are growing at a CAGR of xx% (2025-2033).
• M&A Activity: An average of xx M&A deals per year were recorded during the historical period (2019-2024).
• End-User Demographics: Growing demand from health-conscious millennials and Gen Z.

Fish and Seafood Industry in US Growth Trends & Insights

The US fish and seafood market experienced a steady growth during the historical period (2019-2024), driven by factors like increasing consumer demand for healthy protein sources and the rising popularity of seafood in various cuisines. However, supply chain disruptions and price fluctuations have impacted growth in recent years. Technological advancements in processing and packaging have improved product quality and shelf life, leading to higher adoption rates. Consumer behavior is shifting towards sustainably sourced and ethically produced seafood. The market is expected to experience moderate growth in the forecast period (2025-2033), with a projected CAGR of xx%.

Dominant Regions, Countries, or Segments in Fish and Seafood Industry in US

The Pacific Northwest region remains a dominant force in the US fish and seafood industry, largely due to its robust fishing infrastructure and access to diverse species. Alaska, in particular, holds a significant share in the production of wild-caught fish. The Frozen segment holds the largest market share, accounting for approximately xx% of the total market value in 2025. Demand for convenient and long-lasting options drives this dominance. The Off-Trade channel, encompassing grocery stores and supermarkets, constitutes the most significant distribution route.

• Key Drivers: Abundant natural resources, established fishing infrastructure, and proximity to major consumption centers.
• Dominance Factors: High production volume in Alaska, established distribution networks, and consumer preference for fresh and frozen seafood.
• Growth Potential: Expansion of aquaculture, innovative processing techniques, and focus on sustainable practices.

Fish and Seafood Industry in US Product Landscape

The US fish and seafood market offers a diverse product range, including various types of fish (salmon, tuna, cod), shrimp, and other seafood. Product innovations are focused on convenience, sustainability, and value-added offerings like pre-marinated or ready-to-cook products. Technological advancements in freezing and packaging extend product shelf life and maintain quality. Unique selling propositions often center on sourcing (sustainable practices, origin), quality, and convenience.

Key Drivers, Barriers & Challenges in Fish and Seafood Industry in US

Key Drivers: Growing consumer demand for healthy protein, increasing disposable incomes, and the rising popularity of seafood in various cuisines. Government support for sustainable fishing and aquaculture is also a significant driver.

Key Challenges: Supply chain disruptions, fluctuating prices due to global market conditions, and increasing competition from plant-based alternatives. Regulatory compliance and sustainability certifications add operational complexity and cost.

Emerging Opportunities in Fish and Seafood Industry in US

Emerging opportunities include the growth of value-added products, such as ready-to-eat meals and convenience packs. Expanding into new markets with specialized seafood products and focusing on sustainability and traceability offer significant potential. The demand for plant-based alternatives presents both a challenge and an opportunity for innovation in creating hybrid products.

Growth Accelerators in the Fish and Seafood Industry in US Industry

Technological advancements in aquaculture, automation in processing and packaging, and strategic partnerships to improve supply chain efficiency are key growth drivers. The industry's focus on sustainability and traceability is also attracting environmentally conscious consumers, driving market growth.

Key Players Shaping the Fish and Seafood Industry in US Market

• Trident Seafood Corporation
• Admiralty Island Fisheries Inc
• Beaver Street Fisheries
• Inland Seafood Inc
• NH Foods Ltd
• High Liner Foods Inc
• Sysco Corporation
• The Kraft Heinz Company
• Thai Union Group PCL
• Mowi ASA

Notable Milestones in Fish and Seafood Industry in US Sector

• May 2023: Trident Seafood Corporation launched a new Prized Fish product range in collaboration with Copper River Prince William Sound Marketing Association.
• April 2023: Inland Seafood opened a new facility in Jefferson Parish, Louisiana, creating 55 jobs.
• January 2023: Inland Seafood acquired Texas-based Lonestar Seafood, expanding its operations in the western US.

In-Depth Fish and Seafood Industry in US Market Outlook

The US fish and seafood market is poised for continued growth, driven by factors such as increasing consumer demand, technological advancements, and a growing focus on sustainability. Strategic partnerships, investments in innovative processing techniques, and expansion into new markets present significant opportunities for industry players. The market is expected to witness a sustained increase in market value over the forecast period, making it an attractive sector for investment and expansion.

Fish and Seafood Industry in US Segmentation

• 1. Type
  • 1.1. Fish
  • 1.2. Shrimp
  • 1.3. Other Seafood
• 2. Form
  • 2.1. Canned
  • 2.2. Fresh / Chilled
  • 2.3. Frozen
  • 2.4. Processed
• 3. Distribution Channel
  • 3.1. Off-Trade
    • 3.1.1. Convenience Stores
    • 3.1.2. Online Channel
    • 3.1.3. Supermarkets and Hypermarkets
    • 3.1.4. Others
  • 3.2. On-Trade

Fish and Seafood Industry in US Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Mexico
• 2. South America
  • 2.1. Brazil
  • 2.2. Argentina
  • 2.3. Rest of South America
• 3. Europe
  • 3.1. United Kingdom
  • 3.2. Germany
  • 3.3. France
  • 3.4. Italy
  • 3.5. Spain
  • 3.6. Russia
  • 3.7. Benelux
  • 3.8. Nordics
  • 3.9. Rest of Europe
• 4. Middle East & Africa
  • 4.1. Turkey
  • 4.2. Israel
  • 4.3. GCC
  • 4.4. North Africa
  • 4.5. South Africa
  • 4.6. Rest of Middle East & Africa
• 5. Asia Pacific
  • 5.1. China
  • 5.2. India
  • 5.3. Japan
  • 5.4. South Korea
  • 5.5. ASEAN
  • 5.6. Oceania
  • 5.7. Rest of Asia Pacific