The Australia seafood market size reached USD 3.02 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.61 Billion by 2033, exhibiting a growth rate (CAGR) of 6.50% during 2025-2033. The market is fueled by growing demand among consumers for fresh, sustainable and healthy food options, rising health awareness related to seafood consumption, and an increasing demand for locally produced and premium food.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 3.02 Billion |
Market Forecast in 2033 | USD 5.61 Billion |
Market Growth Rate (2025-2033) | 6.50% |
Sustainable Fishing Practices
There is growing focus towards sustainability in Australia's seafood industry, primarily driven by consumers and regulatory pressure. Overfishing, catch limits, and marine habitat protection have been pivotal in the preservation of biodiversity. Certification programs such as the MSC are becoming the norm and further encourage industry players to move towards sustainable operations. For instance, as of November 2024, over 35% of Australia's wild-caught seafood by volume holds MSC certification, reflecting the increasing adoption of sustainable fishing practices. Furthermore, eco-labeling ensures consumers buy products that are environmentally friendly, and this has placed consumers in a market environment where sustainability is no longer a trend but an expectation. This responsibility to source sustainably will also place Australia at the forefront of world leaders in sustainable seafood products, and this can assist in guaranteeing that fish stocks and fragile ecosystems are safeguarded for future generations.
Growth of Aquaculture
Aquaculture is emerging as a leading force in Australia's seafood market, fueled by the necessity to keep up with an increasing demand while taking pressure off wild fish stocks. According to the new data from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), the Australian fisheries and aquaculture production will increase its gross value by 0.5% to $3.56 Billion during 2023−24. With technology advances and better breeding methods, species such as salmon and barramundi are being cultivated more effectively, providing a reliable, high-quality supply of seafood. Aquaculture enhances food security and provide employment in coastal areas, further fueling its growth. The shift towards sustainable aquaculture practices guarantees long-term development while upholding environmental standards, thus being a major growth stimulator in Australia's seafood industry.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type, form and distribution channel.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes fish, shrimp, and others.
Form Insights:
A detailed breakup and analysis of the market based on the form have also been provided in the report. This includes canned, fresh/chilled, frozen, and processed.
Distribution Channel Insights:
The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes off-trade (convenience stores, online channel, supermarkets and hypermarkets, others) and on-trade.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | Fish, Shrimp, Others |
Forms Covered | Canned, Fresh/Chilled, Frozen, Processed |
Distribution Channels Covered |
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Regions Covered | Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, Western Australia |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: