Us Fish Products Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Fish Products Market was valued at USD 240 Billion in 2022 and is projected to reach USD 350 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The U.S. fish products market is a dynamic sector encompassing the capture, cultivation, processing, and distribution of fish and seafood. In 2024, the market size was estimated at $24.7 billion, with projections indicating growth to $26.33 billion by 2030, reflecting a compound annual growth rate (CAGR) of 1.29%. citeturn0search4 **Market Segmentation** - **Commercial Fisheries**: In 2017, the U.S. commercial fisheries landed approximately 9.5 billion pounds of edible seafood, valued at $5.4 billion. The majority of this catch was finfish, with Alaska pollock, menhaden, tuna, cod, and salmon being the leading species. citeturn0search2 - **Aquaculture**: The U.S. aquaculture industry produced about 633 million pounds of farm-raised fish and shellfish in 2017, valued at $1.5 billion. Notably, pond-raised catfish accounted for over half of this production. citeturn0search2 - **Processed Products**: In 2017, the value of seafood products processed in the U.S. exceeded $10 billion. The industry employed nearly 63,000 people across 3,137 seafood processing and wholesale plants. citeturn0search2 **Trade Dynamics** - **Imports and Exports**: The U.S. seafood trade experienced fluctuations, with imports increasing by 133% from 1995 to 2021, followed by a 19.7% decline from 2021 to 2023. In 2024, the total value of U.S. seafood exports was $4.93 billion, with Canada, China, and the European Union being the top markets. citeturn0search0 **Industry Challenges and Trends** - **Sustainability**: There is a growing emphasis on sustainable fishing practices and traceability within the industry. Initiatives like the Seafood Traceability Engagement aim to enhance transparency and reduce illegal fishing activities. citeturn0news11 - **Consumer Preferences**: U.S. consumers are diversifying their seafood choices, with the top ten species now accounting for 79% of total consumption, down from nearly 90% previously. citeturn0news16 - **Regulatory Environment**: The industry faces challenges related to trade policies and environmental regulations. For instance, the potential imposition of tariffs on Canadian imports could disrupt the market, leading to higher prices and economic instability. citeturn0news10 **Market Outlook** The U.S. fish products market is expected to continue its growth trajectory, driven by increasing consumer demand for diverse and sustainable seafood options. However, the industry must navigate challenges such as trade dynamics, environmental sustainability, and evolving consumer preferences to maintain its competitive edge.
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TASA
Diamante
Austevoll Seafood ASA
COPEINCA
Corpesca SA
Omega Protein
Coomarpes
KT Group
Cermaq
FF Skagen
TASA
TripleNine Group
Austevoll Seafood ASA
China Fishery Group
Pesquera Diamante S.A.
Camanchaca
OLVEA Fish Oils
Omega Protein Corporation
Pesquera Pacific Star
Orizon SA
Oceana Group
Pioneer Fishing
Kobyalar Group
CV. Sari LautJaya
Animalfeeds International
Havsbrun
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Fish Products Market
Frozen Fish
Canned Fish
Smoked Fish
Fresh Fish
Processed Fish Products
Wild-Caught Fish
Farmed Fish
Retail Sales
Food Service Industry
Online Retail
Supermarkets and Hypermarkets
Specialty Stores
Wholesale Distributors
High-Protein Fish Products
Omega-3 Rich Fish Products
Low-Fat Fish Products
Organic Fish Products
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Fish Products Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Fish Products Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Fish Products Market, By Type
6. Global Fish Products Market, By Application
7. Global Fish Products Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Fish Products Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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