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The Australia seafood market size reached USD 3.64 billion in 2023. The market is expected to grow at a CAGR of 3.87% between 2024 and 2032, reaching almost USD 5.07 billion by 2032.
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
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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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Seafood Market Overview
8.1 Key Industry Highlights
8.2 Australia Seafood Historical Market (2018-2023)
8.3 Australia Seafood Market Forecast (2024-2032)
9 Australia Seafood Market by Type
9.1 Shrimps
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Fish
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Others
10 Australia Seafood Market by Form
10.1 Processed
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Fresh/Chilled
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Frozen/Canned
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Australia Seafood Market by Distribution Channel
11.1 Supermarkets and Hypermarkets
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Specialty Stores
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Online Channels
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Australia Seafood Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Value Chain Analysis
15 Trade Data Analysis (HS Code - 0302)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Raptis & Sons Pty Ltd.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Seafarms Group Ltd.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Walker Seafoods Australia
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Tasmanian Seafoods Pty Ltd.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 The Seafood Experts Australia Pty Ltd.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Southern Unite Seafood Pty Ltd.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Clean Seas Seafood Ltd.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Seafood Market: Key Industry Highlights, 2018 and 2032
2. Australia Seafood Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Australia Seafood Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Australia Seafood Historical Market: Breakup by Form (USD Billion), 2018-2023
5. Australia Seafood Market Forecast: Breakup by Form (USD Billion), 2024-2032
6. Australia Seafood Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. Australia Seafood Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8. Australia Seafood Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Australia Seafood Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. Major Importing Countries by Volume
11. Major Exporting Countries by Volume
12. Major Importing Countries by Value
13. Major Exporting Countries by Value
14. Australia Seafood Market Structure
The market was valued at USD 3.64 billion in 2023.
The market is projected to grow at a CAGR of 3.87% 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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