Squids

Global Squids Market to Reach US$15.1 Billion by 2030

The global market for Squids estimated at US$12.4 Billion in the year 2024, is expected to reach US$15.1 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2024-2030. Fresh Squid, one of the segments analyzed in the report, is expected to record a 3.2% CAGR and reach US$9.4 Billion by the end of the analysis period. Growth in the Frozen Squid segment is estimated at 4.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.4 Billion While China is Forecast to Grow at 6.3% CAGR

The Squids market in the U.S. is estimated at US$3.4 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.0 Billion by the year 2030 trailing a CAGR of 6.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.4% and 2.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.

Global Squids Market - Key Trends & Drivers Summarized

What’s Reinventing the Market for Squids in Seafood & Beyond?

Squid (cephalopod mollusk) is prized globally as a culinary staple—consumed fresh, frozen, dried, or processed into rings, tubes, and ink. Popular in cuisines across East Asia, the Mediterranean, Latin America, and fast-food sectors (fried calamari, sushi). Fisheries and aquaculture drive industry supply, supported by sustainable fishing certifications (MSC, ASC), cold-chain logistics, and value-added processing (pre-cleaned, frozen, IQF portions).

Beyond consumption, value streams in nutraceuticals (chitosan extraction), pet food, and bait for commercial fisheries. Squid ink is an ingredient in gastronomy and packaging dyes. Innovations in processing—ozone sanitation, HPP (high pressure processing), freeze-drying—enhance product safety and quality.

Are Aquaculture and Processing Technologies Elevating Supply?

Pilot aquaculture programs aim to domesticate key squid species—reducing wild-stock pressure. Recirculating aquaculture systems (RAS), captive-breeding protocols, and feed trials are underway to scale sustainable production. Offshore catch monitoring and traceability apps aid certification and compliance in fisheries. Cold-chain innovations—IQF ultra-quick freezing and modified atmosphere packaging (MAP)—preserve texture and freshness.

Processing plants utilize eco-friendly drying ovens, ozone-packed IQF lines, and automated cleaning to reduce chemical usage. Valorization of by-products—squid ink, collagen, cartilage—for pharmaceutical or biomaterial applications is gaining industrial interest.

Why Are Consumers & Industries Investing in Squid?

Consumers are drawn to squid for its high-protein, low-fat profile, and unique gastronomic qualities—fried rings, sushi, stir-fry, grilled tentacles. Health trends around marine protein and omega-3 uptake bolster demand. Processors find value in multi-format utility—fresh, frozen, dried snack, canned in sauce—for retail flexibility. Fishmeal and chitosan producers tap industrial demand. Upscale restaurants leverage squid ink risottos and pasta. Pet food formulators integrate squid protein for allergen-free recipes. Aquaculture advancement supports regional economies and employment in coastal communities.

What’s Powering the Growth in the Squid Market?

The growth in the squids market is driven by several factors related to sustainable sourcing, value-added processing, and nutrition trends. Development of aquaculture for cephalopods reduces pressure on wild stocks. Packaging innovations—MAP, IQF—retain quality and extend shelf-life. Certifications like MSC/ASC build consumer trust in seafood sustainability. Product diversification into global cuisines, protein snacks, nutraceuticals, and pet foods broadens demand across channels. Finally, marine-health trend alignments (low-fat, omega-rich) support premium pricing and category expansion.

SCOPE OF STUDY:

The report analyzes the Squids market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Fresh Squid, Frozen Squid, Processed Squid); Type (Cuttlefish, European Squid, Jumbo Flying Squid, Argentine Shortfin Squid, Other Squid Types); Distribution Channel (Offline Distribution Channel, Online Distribution Channel)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 41 Featured) -

• Abba Seafood AB
• Aqua Source Inc.
• Cermaq Group AS
• ClearWater Seafoods
• Cooke Inc.
• Del Mar Seafoods
• Dohsui Suisan
• FCF Co., Ltd.
• Lund`s Fisheries (Sun Coast Calamari)
• Nissui (Nippon Suisan Kaisha)
• Nova Pescanova
• Oromar Brand
• Parlevliet & van der Plas
• Samherji hf.
• Seaquest (Pacific Seafood)

AI INTEGRATIONS
We`re transforming market and competitive intelligence with validated expert content and AI tools.

Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.

TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher. Show more