Global Live Seafood Market Size To Exceed USD 124.8 Billion By 2035 | CAGR of 6.43%
Category: Food & BeveragesGlobal Live Seafood Market Size To Exceed USD 124.8 Billion By 2035
According to a research report published by Spherical Insights & Consulting, The Global Live Seafood Market Size is expected to grow from USD 62.9 Billion in 2024 to USD 124.8 Billion by 2035, at a CAGR of 6.43% during the forecast period 2025-2035.
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Browse key industry insights spread across 240 pages with 120 Market data tables and figures & charts from the report on The "Global Live Seafood Market Size, Share, and COVID-19 Impact Analysis, By Product (Clams, Oysters, Crabs, Lobsters, and Others), By Distribution Channels (Retail, Foodservice, and Wholesale), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/live-seafood-market
Fish, crabs, mollusks, and other marine animals are among the live aquatic animals that are sold and distributed in the live seafood market, a specialist segment of the larger seafood industry. Customers that value authenticity, quality, and freshness are catered to in this sector; they frequently seek out live fish for commercial, cultural, or culinary uses. The fish must be kept viable and fresh until it is sold, which requires a complicated supply chain that includes harvesting, shipping, storing, and retail. The growth of this industry is being driven by the increasing demand for live fish and shellfish, as well as the growing consumption of food that is labeled as healthy and sustainable. Cultural and culinary customs drive market demand, particularly in Asia and coastal nations where live seafood is seen as a delicacy and an indicator of freshness. Demand has also been fueled by the growth of the hospitality and food service sectors, which include high-end restaurants and hotels. However, High logistics costs, strict regulations, limited shelf life, disease risks, and complex handling procedures restrain the live seafood market growth.
The lobsters segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product, the live seafood market is divided into clams, oysters, crabs, lobsters, and others. Among these, the lobsters segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The broad availability of lobsters from aquaculture and wild capture, as well as well-established supply systems that preserve product quality and freshness, supports the strong demand for lobsters. Furthermore, lobsters' demand is further driven by their frequent association with upscale dining experiences.
The foodservice segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the distribution channel, the live seafood market is divided into retail, foodservice, and wholesale. Among these, the foodservice segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The rise in upscale dining establishments and rising customer demand for eating out support the foodservice industry's dominant position in the market.
Asia Pacific is expected to hold the majority share of the global live seafood market during the forecast period.
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Asia Pacific is expected to hold the majority share of the global live seafood market during the forecast period. The presence of well-established aquaculture and fishing sectors further strengthens market growth. The demand for premium, high-protein live seafood products is also being driven by consumer health consciousness, expanding urbanization, and rising disposable incomes. Additionally, technological developments in the storage and transportation of live seafood have improved market accessibility throughout this region.
North America is anticipated to grow at the fastest pace in the global live seafood market during the forecast period. The increasing number of distributors and importers of seafood makes market expansion even easier by improving supply chain effectiveness. Furthermore, strict regulatory frameworks that guarantee food sustainability and safety boost customer confidence, which in turn supports market expansion. Notable elements driving this quick expansion include rising investments in infrastructure for aquaculture and seafood processing.
Major vendors in the global live seafood market are Mowi ASA, Thai Union, Pacific Seafood, Cooke Aquaculture, Nippon Suisan Kaisha, Dongwon Industries, Maruha Nichiro Corporation, Seajoy Seafood Corporation, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In December 2024, Sai Gon Food Joint Stock Company declared that six freeze-dried food items produced by Maruha Nichiro Corporation would henceforth be distributed in Japan. They did this as part of their strategy to break into the Vietnamese market. The "MNV 2024" plan, which emphasizes global expansion, includes this. With Vietnam's quickly changing culinary culture and Maruho's economic expansion setting the standard for evolution, the company aims to further solidify its position in Southeast Asia, particularly in Vietnam.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the live seafood market based on the below-mentioned segments:
Global Live Seafood Market, By Product Type
- Clams
- Oysters
- Crabs
- Lobsters
- Others
Global Live Seafood Market, By Distribution Channel
- Retail
- Foodservice
- Wholesale
Global Live Seafood Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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