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Seafood Processing

Publisher First Research, Inc.
Published Feb 02, 2026
SKU # FRRS20830100

Description

Brief Excerpt from Industry Overview Chapter:

Companies in this industry clean and pack fresh seafood; can, freeze, and dry seafood; and process fish fats and oils. Major companies include Ocean Beauty Seafoods and Trident Seafoods (both based in the US), as well as Dongwon Industries (South Korea), High Liner Foods (Canada), Icelandic Seafood (Iceland), Maruha Nichiro Holdings and Nissui (both based in Japan), Mowi (Norway), Nueva Pescanova (Spain), and Thai Union (Thailand).

The global seafood market is forecast to reach about $160 billion by 2023, according to Statista. The European Union is the largest seafood producer followed by China; the US, Japan, and China are the largest import markets. Seafood consumption is increasing in developing nations with rising incomes, particularly in the Asia/Pacific region and Latin America. Per-capita consumption is expected to increase in Brazil, Peru, Chile, China, and Mexico over the next decade.

The US seafood processing industry consists of about 600 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $15 billion.

Table of Contents

Industry Overview
Quarterly Industry Update
Business Challenges
Business Trends
Industry Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
Web Links and Acronyms

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