Frozen Seafood Market With US Tariff Impact | USD 107.4 Bn

Overview

New York, NY – April 24, 2025 – The global Frozen Seafood Market is experiencing strong growth, driven by increasing consumer demand for convenient, nutritious, and long-lasting food options. In 2024, the market was valued at USD 63.5 billion and is projected to reach USD 107.4 billion by 2034, expanding at a steady CAGR of 5.4% from 2025 to 2034.

The Sea Area segment dominated the Frozen Seafood Market, holding a 53.3% share. Its leadership stems from the vast biodiversity of oceans, offering a diverse range of seafood that meets global consumer preferences. The Fish category led the market with a 63.4% share, driven by its widespread appeal and nutritional benefits, including high omega-3 and protein content. Raw Frozen Seafood captured a 58.4% market share, favored for its fresh-like quality, extended shelf life, and convenience. Direct Sales and B2B dominated distribution with a 64.4% share, driven by its streamlined supply chain connecting processors directly to retailers and food service providers.

US Tariff Impact on Frozen Seafood Market

The U.S. has implemented significant tariffs on imported seafood, affecting major exporters like India and Vietnam. India faces a 10% tariff, with proposed increases up to 26%, while Vietnam contends with tariffs as high as 46%. These measures have led to a 5.1% year-over-year increase in frozen seafood sales in the U.S., reaching USD 738 million in March 2025.

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The tariffs have also disrupted supply chains, increased costs for U.S. importers, and strained relationships with key trading partners. Exporters seek alternative markets, and U.S. consumers may face higher prices and reduced variety. The long-term impact includes potential shifts in global seafood trade patterns, with countries like Ecuador and Canada adjusting their export strategies in response to U.S. policy changes.

Key Takeaways

• Frozen Seafood Market size is expected to be worth around USD 107.4 Bn by 2034, from USD 63.5 Bn in 2024, growing at a CAGR of 5.4%.
• Sea Area segment of the Frozen Seafood Market held a commanding position, accounting for over 53.3% of the market share.
• Fish category within the Frozen Seafood Market established a robust market presence, securing more than a 63.4% share.
• Raw Frozen Seafood carved out a significant niche in the Frozen Seafood Market, securing over a 58.4% share.
• Blast Freezing emerged as a leading freezing technique in the Frozen Seafood Market, securing a substantial 38.4% share.
• Direct Sales/B2B channel prominently led the distribution of the Frozen Seafood Market, holding a dominant 64.4% share.
• Food Services sector secured a dominant position in the Frozen Seafood Market, capturing more than a 59.3% share.
• Europe maintained a strong foothold in the global Frozen Seafood Market, capturing a notable 42.5% share, valued at approximately USD 26.9 billion.

Analyst Viewpoint

The frozen seafood market offers significant investment potential driven by robust growth factors. Rising demand from foodservice sectors and growing consumer recognition of seafood’s nutritional value are fueling a shift toward convenient, ready-to-eat products.

Regulatory frameworks significantly influence the market, enforcing stringent food safety and sustainable fishing standards. Companies increasingly adopt traceable, responsible sourcing practices to comply with regulations, support biodiversity, and bolster consumer confidence in product quality.

While risks such as supply chain volatility due to environmental shifts and regulatory changes exist, these are offset by consistent demand growth and advancements in preservation technologies. These dynamics create compelling opportunities for expansion in both domestic and global markets.

Report Scope

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Key Market Segments

By Source

Sea Area Leads with 53.3% Share

• In 2024, the Sea Area segment dominated the Frozen Seafood Market, holding a 53.3% share. Its leadership stems from the vast biodiversity of oceans, offering a diverse range of seafood that meets global consumer preferences. The growing demand for wild-caught, sustainable seafood, valued for its flavor and perceived quality, ensures a consistent supply to international markets, reinforcing this segment’s prominence.

By Product Type

Fish Dominates with 63.4% Share

• The Fish category led the market in 2024 with a 63.4% share, driven by its widespread appeal and nutritional benefits, including high omega-3 and protein content. Its versatility, spanning species like salmon and cod, and advancements in freezing technology that preserve quality, make fish a top choice for health-conscious consumers seeking convenient, high-quality options.

By Form

Raw Frozen Seafood Holds 58.4% Share

• Raw Frozen Seafood captured a 58.4% market share in 2024, favored for its fresh-like quality, extended shelf life, and convenience. Health-conscious consumers value its preservative-free nature and nutritional integrity, while its versatility in dishes like sushi and stews drives its popularity across diverse markets.

By Freezing Technique

Blast Freezing Secures 38.4% Share

• Blast Freezing led freezing techniques in 2024 with a 38.4% share, prized for its ability to rapidly freeze seafood, preserving texture, flavor, and nutrition. By inhibiting bacterial growth and extending shelf life, this method meets consumer demand for high-quality, near-natural frozen seafood, making it a critical supply chain component.

By Distribution Channel

Direct Sales/B2B Commands 64.4% Share

• In 2024, Direct Sales/B2B dominated distribution with a 64.4% share, driven by its streamlined supply chain connecting processors directly to retailers and food service providers. This efficiency minimizes intermediaries, ensures fresher products, and supports large-volume transactions, appealing to businesses aiming to optimize costs and operations.

By End-Use

Food Services Lead with 59.3% Share

• The Food Services sector held a 59.3% share in 2024, reflecting frozen seafood’s vital role in restaurants, from fast food to fine dining. Its convenience, consistent quality, and year-round availability support menu planning and cost management, reducing waste and meeting consumer demand for versatile, high-quality seafood options.

Regional Analysis

• Europe solidified its dominance in the global Frozen Seafood Market, securing a 42.5% share valued at approximately USD 26.9 billion. This strong position is driven by advanced freezing technologies, robust consumer demand for seafood, and rigorous food safety regulations that ensure high-quality products throughout the supply chain.
• Europe’s leadership is supported by its advanced logistics and cold storage infrastructure, which maintains product integrity from harvest to market. This efficient system minimizes spoilage and enables broad distribution across the continent, ensuring consistent availability of frozen seafood.
• The region’s deep-rooted seafood culture, particularly in countries like Spain, Italy, and Portugal, fuels steady demand. These nations, with their coastal heritage and traditional cuisines, embrace frozen seafood for its convenience and year-round accessibility, appealing to both households and the thriving food service industry.
• Sustainability is a cornerstone of Europe’s market, guided by the European Union’s Common Fisheries Policy (CFP). The CFP enforces fishing quotas to prevent overfishing and promotes eco-friendly practices, such as sustainable sourcing and innovative packaging, aligning with consumer demand for environmentally responsible products.

Top Use Cases

• Quick and Easy Meals for Busy Lifestyles: Frozen seafood offers a convenient solution for individuals with hectic schedules. Pre-cleaned and portioned, it allows for rapid meal preparation, making it ideal for working professionals and families seeking nutritious options without extensive cooking time.​
• Year-Round Availability of Seasonal Seafood: By freezing seafood at peak freshness, consumers can enjoy seasonal varieties throughout the year. This ensures consistent access to diverse seafood options, regardless of seasonal fishing restrictions or regional availability.​
• Enhanced Food Safety and Extended Shelf Life: The freezing process inhibits bacterial growth, extending the shelf life of seafood products. This not only reduces food waste but also provides consumers with safe, long-lasting options that maintain nutritional value over time.​
• Support for Sustainable Fishing Practices: Frozen seafood allows for bulk processing and storage, reducing the need for constant harvesting. This supports sustainable fishing by minimizing overfishing and allowing fish populations to replenish, aligning with environmental conservation efforts.​
• Accessibility in Remote or Landlocked Regions: For areas distant from coastal sources, frozen seafood ensures access to a variety of seafood products. Efficient cold chain logistics enable distribution to remote or landlocked regions, expanding market reach and consumer choice.

Recent Developments

1. High Liner Foods Inc.

• High Liner Foods has expanded its sustainably sourced frozen seafood line, including new plant-based seafood alternatives to meet rising demand. The company also invested in AI-driven cold chain logistics to reduce waste. Their “Wild Caught” product line now features enhanced traceability via blockchain.

2. Maruha Nichiro Corporation

• Maruha Nichiro launched premium frozen sushi-grade seafood for global markets, focusing on tuna and salmon. They also partnered with European retailers to introduce ready-to-cook frozen seafood meals. Their eco-friendly packaging initiative reduced plastic use.

3. Mowi ASA

• Mowi expanded its frozen salmon portfolio with new marinated and flavored options. The company opened a new processing plant in Canada to boost North American supply. They also committed to 100% ASC-certified salmon by 2025.

4. Nissui Corporation

• Nissui introduced high-protein frozen seafood snacks targeting health-conscious consumers. They also acquired a Vietnamese shrimp processor to strengthen Asian supply chains. Their carbon-neutral freezing technology is now used in 50% of production.

5. Thai Union Group PCL

• Thai Union launched new frozen shrimp and tuna products under its “John West” and “Chicken of the Sea” brands. They invested in alternative seafood proteins and pledged to reduce ocean plastic waste.

Conclusion

The Frozen Seafood Market is growing fast because people want easy, healthy, and long-lasting food. Freezing seafood helps keep it fresh, safe, and available all year round. It also supports sustainable fishing and makes seafood more accessible in places far from the sea. With rising online shopping and new cold storage methods, more people are buying frozen fish and shrimp from e-commerce platforms. From busy families to foodservice businesses, frozen seafood fits many needs due to its convenience and value. Looking ahead, the market will keep expanding as consumers focus more on nutrition, affordability, and environmental sustainability.

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