Organic Seafood Market

Industry Size, Emerging Trends, Regions, Growth Insights, Opportunities, and Forecast By 2033

Organic Seafood Market by Type (Organic Fish, Organic Shrimp, Organic Shellfish, and Others), by Application (Food Service Sector, and Retail Sector), and by Region (North America, South America, Europe, Asia Pacific, and Middle East & Africa (MEA)) – Global Share and Forecast to 2033

Region: Global | Format: Word, PPT, Excel | Report Status: Published

According to the Market Statsville Group (MSG), the Global Organic Seafood Market size is expected to grow at a CAGR of 13.4% from 2023 to 2033.

Organic seafood is produced and harvested under strict organic farming and fishing standards. These standards promote sustainable and environmentally friendly practices, ensuring the well-being of the aquatic ecosystems and seafood. Organic seafood has no synthetic chemicals, antibiotics, or genetically modified organisms in the production process. Instead, farmers and fisheries use natural and holistic methods to maintain water quality, prevent disease, and overall health of the aquatic species. Organic seafood consists of organic feeds, stocking densities, and the implementation of stringent water quality management measures. As United States Department of Agriculture (USDA) and various international organic certification bodies regulate these standards to ensure the implementation of organic labels.

The increasing health consciousness and growing demand for not using antibiotics, synthetic chemicals, and genetically modified organisms (GMOs) in seafood is driving the market’s growth. Also, the concern for overfishing, habitat destruction, and the depletion of marine resources has increased demand for sustainable seafood options which significantly augments the organic seafood market growth. Also, the consumer's demand to know the transparency and traceability of what they consume is another factor that increases the demand for the market. According to the Seafish Organization, in 2020, the surge in COVID-19 buying led to double the sales for frozen seafood products. The ongoing uncertainty surrounding the pandemic prompted consumers to stock up on these items, ensuring their pantries and freezers were full which significantly increased the demand for organic seafood market.

Organic Seafood Market Segmental Analysis, 2023-2033

Based on treatment, the market is divided into organic fish, organic shrimp, organic shellfish, and others. In the organic seafood market, the organic fish segment dominated the market share in 2023. Aquaculture farmers are increasingly adopting organic farming methods to enhance both productivity and the nutritional value of their seafood products, this shift towards organic practices is contributing to market growth. The changing consumer preferences are driving demand for organic fish. As concerns regarding food-borne illnesses, like salmonella and calicivirus, by consuming conventionally farmed fish have led consumers to prefer organic alternatives, thereby boosting the organic fish segment growth. Also, the trend towards protein-rich diets and the rise in consumer disposable incomes boost the market growth over the forecast period. Governments in various countries are taking initiatives to promote organic fish farming by providing educational campaigns, and informing farmers about the advantages of organic farming practices creating a lucrative growth demand for the market.

Based on the regions, the global organic seafood market has been segmented across Europe, North America, Asia-Pacific, South America, and the Middle East & Africa. Europe accounted for the largest market share around 40% in 2023. The Netherlands, Germany, and Belgium are the primary seafood trade hubs in Europe. These three neighboring North-western European nations share coastlines along the North Sea, in conjunction with vital port cities, such as Rotterdam, Hamburg, and Antwerp, which positions them as essential entry points to the wider European region, thereby upsurging the demand for the organic seafood market. the growing consumer education and awareness, Europe’s cultural culinary demand, and consumers prioritizing healthy and nutritious food are the factors contributing to the market’s growth in the region.

Organic Seafood Market Key Players, 2023

The Major key players in the global organic seafood market are:

  • SalMar 
  • Lerøy Seafood Group 
  • Cooke Aquaculture
  • Flakstadvåg laks AS (Brødrene Karlsen Holding AS)
  • Glenarm Organic Salmon
  • The Irish Organic Salmon Company
  • AquaChile (Agrosuper)
  • Scottish Salmon Company (Bakkafrost)
  • Creative Salmon
  • Omarsa S.A
  • MSeafood Corp
  • Ristic GmbH
  • Vinnbio India
  • Seajoy Group
  • Dom International Limited
  • Carribbean Shrimp Company Limited
  • Artisanfish
  • Ananda Group
  • Orchid Marine
  • Mannin Bay Salmon Limited CURRAUN FISHERIES LIMITED
  • Bradan Beo Teo

Recent Developments:

  • In August 2023, Goldman Sachs acquired Frøy, an aquaculture services firm to increase its product portfolio. Further, the Froy company will offer essential transportation and support infrastructure to the aquaculture industry.
  • In February 2022, MOwi launched two new organic salmon products, expanding its product offering on the digital grocery service Ocado.
  • In August 2021, SalMar entered into a strategic partnership with Aker ASA to form SalMar Aker Ocean AS. This joint venture conducts fish farming in Norwegian water and expands its market reach globally.
  • In June 2021, Organic Sea Harvest (OSH), a salmon farmer partnered with Cargill feed supplier company to launch a new community fund Bho Mjuir gu Tir / From Sea to Land for north-east Skye. This fund will provide financial support to local organizations for projects to sustain the rural district of Staffin.
  • In October 2020, Altamont Capital Partners’s portfolio company, Colorado Boxed Beef merged with Quirch Foods. The merger creates a dominating distributor and exporter of organic food products in the United States.

Report Scope of the Global Organic Seafood Market

This market research study categorizes the organic seafood market-based on type, and application area at the regional and global levels.

By Type Outlook (Sales, USD Million, 2019-2033)

  • Organic Fish
  • Organic Shrimp
  • Organic Shellfish 
  • Others

By Application Outlook (Sales, USD Million, 2019-2033)

  • Food Service Sector
  • Retail Sector

By Region Outlook (Sales, USD Million, 2019-2033)

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Poland
    • Russia
    • The Netherlands
    • Norway
    • Czech Republic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Singapore
    • Australia & New Zealand
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Northern Africa
    • Rest of MEA
       

Frequently Asked Questions

  • Key Issues Addressed
  • What is the market size and growth rate for different segmentations at a global, regional, & country level?
  • What is the customer buying behavior, key takeaways, and Porter's 5 forces of the market?
  • What are the key opportunities and trends for manufacturers involved in the supply chain?
  • What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
  • What and how regulations, schemes, patents, and policies are impacting the growth of the market?
  • How will existing companies adapt to the new change in technology?
  • The market player positioning, top winning strategies by years, company product developments, and launches will be?
  • How has COVID-19 impacted the demand and sales of in the market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
  • Who are the leading companies operating in the market? Also, who are the prominent startups that disrupt the market in coming years?
  • PUBLISHED ON: MARCH, 2024
  • BASE YEAR: 2023
  • FORECAST PERIOD: 2024-2033
  • STUDY PERIOD: 2019 - 2033
  • COMPANIES COVERED: 15
  • COUNTRIES COVERED: 24
  • NO OF PAGES: 243

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