Processed Fish & Seafood - Eastern Asia

Revenue in the Processed Fish & Seafood market amounts to US$64.69bn in 2024. The market is expected to grow annually by 5.08% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$32bn in 2024).
In relation to total population figures, per person revenues of US$39.58 are generated in 2024.
In the Processed Fish & Seafood market, volume is expected to amount to 5.30bn kg by 2029. The Processed Fish & Seafood market is expected to show a volume growth of 3.8% in 2025.0.
The average volume per person in the Processed Fish & Seafood market is expected to amount to 2.8kg in 2024.

Definition:

The Processed Fish & Seafood market covers all types of fish and seafood that have either been smoked, dried, canned, salted or given chemical preservatives.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

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Canned, dried and smoked fish
Processed seafood
Surimi-based products
Fish sticks, Fish nuggets

Fresh and frozen fish
Fresh and frozen seafood
Ready-to-eat meals
Caviar and prepared and preserved shark fins
Out-of-home consumption

The Processed Fish & Seafood Market in Eastern Asia is experiencing minimal growth due to factors such as increasing health consciousness and convenience of online services. Sub-markets such as canned, dried, smoked fish and fish fingers & portions contribute to this trend. This growth rate is impacted by changing consumer preferences and regulatory restrictions.

Customer preferences: Consumers in Eastern Asia are becoming more health-conscious, leading to a growing demand for processed fish and seafood products that are perceived as healthier alternatives to traditional meat options. This trend is driven by cultural beliefs that prioritize fresh and natural food choices, as well as a rising awareness of the health benefits of including fish and seafood in one's diet. In addition, the increasing popularity of convenience and ready-to-eat products in the region is also contributing to the growth of the processed fish and seafood market.

Trends in the market: In Eastern Asia, the Processed Fish & Seafood Market within The Food market is experiencing a surge in demand for convenient and healthy food options. This has led to a rise in the production and consumption of ready-to-eat and frozen seafood products. Additionally, there is a growing trend of using technology to track and ensure the safety and quality of seafood products. This includes the use of blockchain technology to trace the origin of seafood and the implementation of smart packaging to monitor temperature and freshness. With increasing concerns about food safety and sustainability, these trends are expected to continue, presenting opportunities for industry stakeholders to innovate and meet evolving consumer demands.

Local special circumstances: In Eastern Asia, the Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by the region's rich fishing culture and abundance of seafood resources. The demand for processed fish and seafood is driven by the traditional cuisine and high consumption rates of these products. Additionally, government regulations on sustainable fishing practices and food safety standards play a significant role in shaping the market dynamics. This creates a unique market environment with a focus on quality and sustainability, setting it apart from other markets.

Underlying macroeconomic factors: The Processed Fish & Seafood Market within The Food market is significantly impacted by macroeconomic factors in Eastern Asia. The region's strong economic growth, rising disposable incomes, and changing dietary preferences have led to an increasing demand for processed fish and seafood products. Moreover, favorable government policies, such as investment in food processing infrastructure and trade liberalization, have further bolstered the market's growth. However, challenges such as fluctuating raw material prices and regulatory barriers may hinder market growth in certain countries. Additionally, the growing health consciousness among consumers and the increasing popularity of convenience foods are expected to drive the demand for processed fish and seafood products in the region.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.