Organic Seafood Market Report

Organic Seafood Market Size:

The global organic seafood market size reached US$ 1.7 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.6 Million by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032. The organic seafood market is experiencing significant growth due to the rising consumers preferences toward healthy and sustainable food choices, escalating demand for organic seafood products known for their environmental responsibility and potential health benefits.

Organic Seafood Market Analysis:

• Market Growth and Size: The market is witnessing stable growth, driven by increasing consumer awareness of sustainable and health-conscious food choices, which is boosting demand for organic seafood products recognized for their eco-friendly practices and potential health benefits.
• Rising Health Consciousness: Consumers' growing emphasis on health and well-being is a significant driver of the organic seafood market, as they seek products free from synthetic additives and chemicals, attributing higher nutritional value to organic seafood options.
• Industry Applications: The organic seafood market experiences high demand from diverse industries, including restaurants, catering services, and health-focused meal delivery companies, all seeking to meet the rising consumer demand for organic and sustainably sourced seafood.
• Geographical Trends: Regional variations in consumer preferences and government regulations are influencing the geographical distribution of organic seafood consumption, with certain areas, particularly coastal regions, displaying higher demand for locally sourced organic seafood products.
• Competitive Landscape: The organic seafood market is characterized by intense competition among key players who focus on product quality, sustainable fishing practices, and transparent labeling to gain consumer trust and market share.
• Challenges and Opportunities: While the market faces challenges such as supply chain complexities and price premiums, opportunities lie in expanding consumer awareness, diversifying product offerings, and addressing environmental concerns through responsible sourcing.
• Future Outlook: The future of the organic seafood market looks promising, with potential growth in consumer demand, innovative product developments, and a rising adoption of sustainable fishing practices, all contributing to a positive market outlook.

Organic Seafood Market Trends:

Rising Emphasis on Sustainability and Eco-Certifications

The rising emphasis on sustainability in the organic seafood market driven by the growing environmental concerns associated with conventional fishing and aquaculture practices is propelling market growth. Consumers are becoming more aware about overfishing of certain species, habitat destruction, and the broader ecological impact of seafood production. This heightened awareness has led to a significant shift in consumer preferences toward sustainably sourced seafood options. To address these concerns, organic seafood producers are actively seeking eco-certifications such as the Marine Stewardship Council (MSC) and Aquaculture Stewardship Council (ASC). These certifications provide third-party verification that seafood products meet strict sustainability and environmental standards. For example, the MSC certification verifies that seafood comes from well-managed and sustainable fisheries, while the ASC certification focuses on responsible aquaculture practices. By obtaining these certifications, organic seafood producers demonstrate their commitment to sustainable fishing and farming methods and provide consumers with a clear and trusted way to identify environment-friendly seafood products. This transparency aligns with consumers' desire for ethically sourced and eco-friendly options and empowers them to make more informed choices when it comes to their seafood consumption.

Rising demand for traceability

The rising demand for traceability in the organic seafood market reflects a broader consumer shift toward greater transparency and accountability in the food supply chain. Consumers today are more conscientious about the origins of their food, particularly when it comes to seafood. They want to know the exact source of their seafood, the methods used for its capture or cultivation, and whether it adheres to ethical and environmental standards. To meet this demand, the organic seafood industry has been increasingly implementing traceability systems. Moreover, QR codes on packaging have become a popular tool to deliver traceability information directly to consumers. By scanning a QR code with their smartphones, consumers can access detailed data about the seafood's origin, species, fishing method, and even the individuals or entities involved in its production. This enhances consumer confidence and encourages responsible practices throughout the supply chain, thereby supporting market growth. As consumers continue to prioritize traceability, the implementation of such systems will likely become the industry standard in the organic seafood market.

Rapid diversification of organic seafood products

The diversification of organic seafood products marks a strategic shift in the industry as producers recognize the evolving tastes and preferences of consumers. Traditionally, organic seafood offerings revolved around well-known species like salmon and shrimp. However, as consumers seek variety and innovation in their diets, organic seafood producers are responding by expanding their product lines in several ways. It involves introducing lesser-known seafood species to the market. These species may have been overlooked previously but offer unique flavors and nutritional profiles that appeal to adventurous consumers. By incorporating these lesser-known options into their portfolios, organic seafood producers not only diversify their offerings but also contribute to the conservation of various seafood species, reducing the pressure on heavily harvested ones. Innovation is another driving force behind diversification. Organic seafood snacks, for example, represent a creative approach to meeting consumer demand for convenient, on-the-go, and healthy snack options.

Organic Seafood Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product type, product form, and distribution channel.

Breakup by Product Type:

• Fishes
  • Salmon
  • Pollock
  • Tuna
  • Others
• Crustaceans
  • Crabs
  • Shrimps
  • Prawns
  • Others
• Molluscs
  • Scallops
  • Oysters
  • Others
• Others
   

Fishes accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the product type. This includes fishes (salmon, pollock, tuna, and others), crustaceans (crabs, shrimps, prawns, and others), mollusks (scallops, oysters, and others), and others. According to the report, fishes represented the largest segment.

The fishes segment is the largest and most prominent category within the organic seafood market. It encompasses a variety of species, including salmon, pollock, tuna, and others. Organic fish, such as salmon, is particularly popular due to its rich omega-3 fatty acids content and perceived health benefits. Consumers seek organic fish products for their sustainable sourcing, free-range environments, and adherence to organic farming practices, ensuring the highest quality. The segment's dominance can be attributed to the wide range of fish species available, each catering to different culinary preferences, while maintaining a focus on organic and eco-friendly production methods.

Crustaceans are valued for their delectable flavors and versatile use in various cuisines. Organic crustaceans appeal to consumers who prioritize both the quality of the seafood and the ethical and sustainable practices involved in their production. This segment is gaining traction as consumers become more conscious of the environmental impact of their seafood choices, seeking out organic options that align with their values.

Mollusks are known for their unique taste and texture, making them a sought-after delicacy. Organic mollusks are cultivated and harvested in environments that prioritize water quality and sustainable farming methods. This segment caters to consumers who appreciate the distinctive flavors and culinary versatility of mollusks while also valuing organic and environmentally responsible production practices. Organic mollusks offer a combination of flavor and sustainability that appeals to a niche yet discerning market.

Breakup by Product Form:

• Fresh
• Frozen
• Canned
• Chilled
• Others
   

Frozen holds the largest share in the industry

A detailed breakup and analysis of the market based on the product form have also been provided in the report. This includes fresh, frozen, canned, chilled, and others. According to the report, frozen accounted for the largest market share.

The fresh segment of the organic seafood market includes products that are delivered in their natural state, typically without freezing or canning. These organic seafood offerings are highly prized for their natural taste, texture, and nutritional value. Consumers seeking an authentic seafood experience often gravitate towards fresh organic seafood, which is typically sourced from sustainable and environmentally responsible fisheries or aquaculture operations. This segment appeals to those who value the immediate availability of seafood and the assurance of high-quality, minimally processed products.

The frozen segment is the largest category within the organic seafood market. It encompasses a wide range of seafood products that have been frozen to preserve freshness and extend shelf life. Organic frozen seafood offers the convenience of longer storage without compromising on quality or taste. This segment caters to consumers who appreciate the flexibility of having organic seafood readily available in their freezer, allowing them to enjoy their favorite products at their own pace. It is a popular choice for consumers seeking both convenience and the assurance of organic and sustainably sourced seafood.

The canned segment includes organic seafood products that have been preserved through canning processes. Canned organic seafood offers an extended shelf life and convenience, making it a valuable option for consumers looking for pantry staples. These products are often used in a variety of recipes, including salads, sandwiches, and pasta dishes. Canned organic seafood appeals to those who value the longevity and versatility of their seafood products while still expecting organic and eco-friendly production practices.

The chilled segment comprises organic seafood products that are maintained at low temperatures but not frozen. These products are kept fresh without the need for freezing, offering a balance between the convenience of frozen seafood and the authenticity of fresh seafood. Chilled organic seafood is often sought after by consumers who prefer the taste and texture of fresh seafood but want a longer shelf life than what fresh seafood can provide. It caters to those who prioritize quality and are willing to pay for premium, refrigerated organic seafood products.

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Online Stores
• Others
   

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes convenience stores, supermarkets and hypermarkets, online stores, and others.

Supermarkets and hypermarkets play a pivotal role in the organic seafood market, providing a diverse selection of organic seafood products to a wide consumer base. These large-scale retail outlets offer a convenient and one-stop shopping experience for shoppers, making organic seafood readily accessible during their routine grocery trips. Supermarkets and hypermarkets are favored for their extensive reach and ability to introduce organic seafood to a broad audience, including those who may not frequent specialty stores. The convenience factor, coupled with a growing demand for organic and sustainably sourced seafood, has positioned these retail giants as significant players in the distribution of organic seafood products.

Convenience stores are emerging as distribution channels for organic seafood products. While not as extensive as supermarkets, these smaller retailers offer the advantage of accessibility and quick shopping. Organic seafood options in convenience stores cater to consumers seeking on-the-go solutions and immediate access to seafood products. This channel is particularly relevant for busy individuals looking for convenient organic seafood snacks or meal solutions without the need for a larger shopping trip. As consumer demand for organic options continues to grow, convenience stores are adapting to meet these preferences by stocking a selection of organic seafood products.

Online stores have become a prominent distribution channel for organic seafood. The convenience and variety offered by e-commerce platforms have led to a surge in online purchases of organic seafood products. Consumers can explore a wide range of choices, compare prices, read reviews, and make informed decisions from the comfort of their homes. Online stores also cater to those seeking specialty or hard-to-find organic seafood products, making them highly attractive to a diverse audience. The ability to provide detailed product information and offer home delivery options has made online stores a significant contributor to the accessibility and availability of organic seafood in the market.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.

North America is a key driver of the market due to its strong consumer demand for sustainably sourced and health-conscious food products. Consumers in North America are increasingly concerned about the environmental impact of their food choices, driving them to choose organic seafood options known for sustainable fishing practices and eco-friendly production. Additionally, the well-established regulatory framework and certifications for organic products provide assurance to consumers, further fueling the market's growth. North America's diverse culinary culture also encourages the consumption of various organic seafood products, making it a significant player in the global organic seafood market.

Europe is a major force in the organic seafood market, characterized by its progressive approach to sustainable agriculture and fisheries. European consumers place a high value on organic and environmentally responsible food choices, including seafood. Stringent regulations and certifications for organic products contribute to consumer trust in the market. Additionally, Europe's rich culinary traditions and emphasis on seafood in cuisines drive the demand for organic seafood products. The region's commitment to sustainable fishing practices and ethical sourcing aligns with consumer preferences and positions Europe as a dominant player in the global organic seafood market.

Asia Pacific is playing an increasingly important role in the organic seafood market as consumer awareness of sustainability and health-consciousness rises. The region's large population and diverse culinary traditions create a significant demand for organic seafood. Asia Pacific countries are exploring organic aquaculture practices, responding to consumer preferences for eco-friendly and health-focused choices. As regulations evolve and consumer education grows, Asia Pacific is poised to contribute significantly to the global organic seafood market's growth.

Latin America is emerging as a driver of the organic seafood market due to its abundant marine resources and a growing emphasis on sustainable fishing practices. The region's proximity to the ocean and potential for organic aquaculture make it a promising hub for organic seafood production. As consumer awareness of sustainability and health benefits increases, Latin America is witnessing rising demand for organic seafood products. The region's focus on eco-friendly practices and responsible sourcing positions it as a potential contributor to the global organic seafood market's expansion.

Middle East and Africa are gradually entering the organic seafood market, driven by evolving consumer perceptions of sustainable and health-conscious food choices. While regulatory challenges exist, consumer curiosity about organic seafood is on the rise. The market's growth in this region is supported by a growing awareness of the potential benefits of organic seafood and a desire for alternative dietary options. As regulations adapt and consumer education advances, the Middle East and Africa may become increasingly significant players in the global organic seafood market, offering unique opportunities for growth and development.

Leading Key Players in the Organic Seafood Industry:

The key players in the market are actively engaging in several strategic initiatives to maintain and expand their market presence. They are prioritizing sustainable sourcing practices, emphasizing responsible fishing and aquaculture methods that align with organic standards. These companies are also investing in transparency and traceability measures, allowing consumers to track the journey of their seafood from source to table. Additionally, they focus on product innovation, introducing new organic seafood products and value-added options to cater to evolving consumer preferences. Marketing efforts are geared towards educating consumers about the benefits of organic seafood, including its environmental sustainability and potential health advantages. Moreover, these players often collaborate with certification organizations to ensure compliance with organic standards and build consumer trust in the authenticity of their products.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• Anova Seafood B.V.
• Artisanfish LLC
• Dom International Limited
• Glenarm Organic Salmon Ltd.
• Mowi ASA
• Mseafood Corporation
• Nueva Pescanova S.L. (ABANCA Corporación Bancaria, S.A.)
• Omarsa S.A.
• Pacific American Fish Company Inc.
• Royal Greenland A/S
• Thai Union Group PCL
• Trident Seafoods Corporation
• Tropical Aquaculture Products Inc. (Geneseas Holding S.A.)
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Latest News:

• April 13, 2023: Anova Seafood B.V. introduced farmed Cod from Norway, the purest and most responsible fish choice to date. This move aligns with the growing demand for sustainable and ethically produced seafood, offering a high-quality and traceable choice that emphasizes both environmental stewardship and exceptional taste. By offering this pure and responsibly sourced fish choice, the company continues to play a pivotal role in meeting consumer demands for eco-friendly and ethical seafood options while contributing to the conservation of marine ecosystems.
• February 8, 2022: Mowi ASA introduced two new organic salmon products, independently certified by the Soil Association, on the popular online grocery platform, Ocado. Shoppers can now access MOWI's organic Scottish salmon fillets (240g) and delicate mild smoked Scottish salmon slices (100g) conveniently on Ocado.com. This strategic expansion of MOWI's organic seafood range reflects a growing consumer preference for sustainably sourced and certified organic products. By partnering with the Soil Association, a recognized authority in organic certification, MOWI reinforces its commitment to providing high-quality and responsibly produced salmon options while addressing the increasing demand for organic choices among discerning consumers. This move underscores MOWI's dedication to meeting evolving consumer expectations in the seafood market.
• February 18, 2021: Omarsa achieved Carbon Neutral Certification for all its ASC (Aquaculture Stewardship Council) shrimp products is a significant milestone in the seafood industry. This accomplishment reaffirms Omarsa's commitment to sustainability and environmental responsibility. The Carbon Neutral Certification demonstrates the company's dedication to reducing its carbon footprint and mitigating the environmental impact of its operations. Omarsa's leadership in this regard not only sets a commendable example for the aquaculture sector but also aligns with the increasing consumer demand for eco-friendly and socially responsible seafood choices. This achievement reflects the company's proactive approach to addressing climate change and underscores its role as an industry leader in sustainable shrimp production.

Organic Seafood Market Report Scope:

Key Questions Answered in This Report:

• How has the global organic seafood market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global organic seafood market?
• What are the key regional markets?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the product form?
• What is the breakup of the market based on the distribution channel?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global organic seafood market and who are the key players?
• What is the degree of competition in the industry?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the organic seafood market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global organic seafood market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the organic seafood industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.