Australia Seafood Market Report and Forecast 2025-2034

Australia Seafood Market Report and Forecast 2025-2034

Market Outlook

According to the report by Expert Market Research (EMR), the Australia seafood market size reached about USD 3.64 billion in 2024. Aided by the rising consumer awareness of health and sustainability issues, increasing export opportunities, and a growing appetite for convenience and innovation, the market is expected to grow at a CAGR of 3.9% between 2025 and 2034, reaching almost USD 5.35 billion by 2034.

The Australia seafood market growth is influenced by a mix of domestic demand and significant export opportunities. Seafood plays a pivotal role in Australian cuisine, and with the country’s vast coastline, it is home to a rich variety of marine resources. Both wild-caught and farmed seafood options are immensely popular in the domestic market, catering to diverse consumer tastes. This increasing demand is being driven by the growing recognition of the health benefits associated with seafood, coupled with the rising desire for sustainable food choices. As global consumer preferences shift towards healthier and more eco-friendly options, the Australian seafood market is expanding, offering new avenues for innovation and diversification.

As per the Australia seafood market analysis, Australia has a long-standing tradition of fishing, with its extensive coastline providing access to abundant marine life. The country’s seafood industry is closely regulated, ensuring that products meet both domestic and international standards for sustainability, quality, and food safety. Over the past few years, sustainability has become a key consideration in the Australian seafood market, with significant emphasis placed on ethical sourcing and responsible fishing practices. The demand for sustainably sourced products has spurred the rise of certification programs like the Marine Stewardship Council (MSC), which helps direct consumers toward responsibly caught seafood.

The Australia seafood market expansion is benefited by the changing dietary habits. More Australians are adopting healthier eating habits, which has made seafood an increasingly popular choice as a nutritious protein source. Packed with omega-3 fatty acids, essential vitamins, and minerals, seafood has become a go-to option for individuals seeking heart-healthy, low-fat foods. This trend has resulted in increased sales of fish and shellfish, particularly varieties known for their health benefits, such as salmon, tuna, and prawns. Additionally, there is a growing interest in sustainable seafood options, prompting many consumers to choose products that are traceable and have minimal environmental impact.

The rise of plant-based diets has also favoured the Australia seafood market development. As more Australians adopt plant-based or flexitarian diets, the demand for plant-based alternatives to seafood has increased, including products made from seaweed and plant-based fish alternatives. These alternatives cater to consumers looking for sustainable protein sources that avoid animal agriculture. The shift in consumer preferences toward plant-based diets has led manufacturers to innovate, with several brands now offering plant-based seafood alternatives designed to mimic the taste and texture of traditional seafood. This innovation is gaining traction, particularly among health-conscious consumers seeking eco-friendly alternatives to animal-derived products.

The growing trend of convenience and ready-to-eat food options is also enhancing the Australia seafood market revenue. As consumers lead increasingly busy lifestyles, the demand for pre-packaged, ready-to-cook, and frozen seafood products has risen. These offerings provide consumers with the convenience of quick and easy meals without compromising on taste or nutrition. Additionally, the expansion of online grocery shopping has made it easier for consumers to access both fresh and frozen seafood products from the comfort of their homes. This convenience-driven shift is contributing to the overall growth of the seafood market in Australia.

However, the Australia seafood market faces several issues, such as climate change, overfishing, and fluctuating fish populations present risks to seafood supply chains. To mitigate these challenges, Australian seafood producers are increasingly turning to aquaculture as a sustainable means of ensuring a reliable seafood supply. Aquaculture, particularly in farmed fish and shellfish, is gaining traction as a solution to meet growing demand while reducing pressure on wild fish stocks. The industry is also focusing on improving the environmental footprint of aquaculture through responsible farming practices, which aim to minimize water pollution and protect biodiversity.

Looking ahead, the rise of seafood alternatives will play a significant role in shaping the Australia seafood market trends. As the demand for plant-based and lab-grown seafood products increases, traditional seafood companies are exploring new ways to diversify their product offerings. Many consumers are now opting for plant-based or lab-grown alternatives due to ethical concerns about animal welfare and environmental sustainability. The emphasis on sustainability and the increasing popularity of plant-based alternatives will also continue to shape the direction of the market, with industry players seeking to balance consumer demand with responsible practices. Despite the challenges it faces, the Australia seafood market remains a key player in the global food industry, poised for continued growth and innovation.

Market Segmentation

The market can be divided based on type, form, distribution channel, and region.

Market Breakup by Type

• Shrimps
• Fish
• Other

Market Breakup by Form

• Processed
• Fresh/Chilled
• Frozen/Canned

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Channels
• Others

Market Breakup by Region

• New South Wales
• Victoria
• Queensland
• Australian Capital Territory
• Western Australia
• Others

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Australia seafood market. Some of the major players explored in the report by Expert Market Research are as follows:

• Raptis & Sons Pty Ltd
• Seafarms Group Ltd
• Walker Seafoods Australia
• Tasmanian Seafoods Pty Ltd
• The Seafood Experts Australia Pty Ltd
• Southern Unite Seafood Pty Ltd
• Clean Seas Seafood Ltd
• Others

About Us

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.

*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.