The Australia seafood market size reached USD 3.64 billion in 2023. The market is expected to grow at a CAGR of 3.9% between 2024 and 2032, reaching almost USD 5.07 billion by 2032.
Base Year
Historical Year
Forecast Year
| Australia Seafood Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 3.64 |
| Market Size 2032 | USD Billion | 5.07 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 3.9% |
| CAGR 2024-2032 - Market by Region | New South Wales | 4.3% |
| CAGR 2024-2032 - Market by Region | Victoria | 4.1% |
| CAGR 2024-2032 - Market by Type | Shrimps | 4.4% |
| CAGR 2024-2032 - Market by Distribution Channel | Online Channels | 6.2% |
| 2023 Market Share by Region | New South Wales | 31.8% |
The Australia seafood market share is predominantly driven by fish, especially fatty varieties such as salmon, mackerel, and trout, which are abundant in omega-3 fatty acids known for their heart-healthy benefits
Fish, with their omega-3 content, contribute to heart, and brain health, offer high-quality protein, essential vitamins, and minerals. They also provide anti-inflammatory advantages and assist in weight control while simultaneously promoting bone health.
Shrimp, being nutrient-dense, provides lean protein, essential vitamins, and minerals. They also feature heart-healthy omega-3s, are adaptable for cooking, quick to prepare, low in mercury, and bolster immunity with antioxidants.
Moreover, the government has been regulating the sector with the aim of improving the overall safety of the products. For instance, Australian hospitality venues were mandated to disclose seafood origin after the federal government announced compulsory country of origin labelling. This followed a $1.6 million allocation in the 2022 budget to expand labelling, previously only for supermarkets.
Australia Seafood Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Form
Market Breakup by Distribution Channel
Market Breakup by Region
| CAGR 2024-2032 - Market by | Region |
| New South Wales | 4.3% |
| Victoria | 4.1% |
| Queensland | XX% |
| Australian Capital Territory | XX% |
| Western Australia | XX% |
| Others | XX% |
The Australia seafood market key players are 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., and Clean Seas Seafood Ltd. among others.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Form |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market was valued at USD 3.64 billion in 2023.
The market is projected to grow at a CAGR of 3.9% between 2024 and 2032.
The revenue generated from the seafood market is expected to reach USD 5.07 billion in 2032.
The seafood market is categorised according to the type, which includes fish, shrimps, and others.
The key players are 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., and Clean Seas Seafood Ltd. among others.
Based on seafood form, the market is divided into processed, fresh/chilled, and frozen/canned.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
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Australia
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Vietnam
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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