Squid Market Size, Swot analysis, Business Growth and Driver by 2035

 

The global Squid Market is entering an exciting decade of expansion, bolstered by rising consumer demand for nutritious seafood, significant advancements in cold-chain logistics, and increasing interest from new market entrants. According to the latest market assessment titled “Squid Market Size and Share Forecast Outlook 2025 to 2035,” the industry is projected to grow from USD 12.7 billion in 2025 to USD 18.4 billion by 2035, advancing at a CAGR of 3.8%.

From 2021 to 2025, squid demand increased steadily due to broader seafood consumption and the growing popularity of squid in fresh and processed formats. The market rose from USD 10.5 billion in 2021 to USD 12.7 billion in 2025, with consistently positive annual increments. This early growth phase is largely fueled by expanding foodservice requirements in Asia-Pacific and North America—regions where squid is deeply ingrained in cuisines ranging from sushi and grilled Asian seafood varieties to Mediterranean calamari dishes.

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Growth Supported by Rising Seafood Consumption and Innovation

Between 2026 and 2030, the market is projected to reach USD 15.8 billion, aided by rising demand for high-protein seafood alternatives and growth in frozen, canned, and ready-to-eat squid offerings. From 2031 to 2035, growth continues at a steady pace, reaching USD 18.4 billion as the market matures and competition increases from other seafood categories.

The squid market’s expansion is also driven by:

  • Strong demand for healthy, low-fat, protein-rich seafood products
  • Technological improvements in packaging and freezing that preserve freshness
  • Rising popularity of squid snacks and value-added processed products

Additionally, sustainability-focused consumers are increasingly selecting brands with certified sourcing and transparent fishing practices—creating opportunities for companies with traceable supply chains and eco-friendly harvesting methods.

Opportunities for Manufacturers: Established vs. Emerging Players

The competitive landscape is dynamic, welcoming innovation from both established seafood giants and new agile manufacturers adopting advanced processing and packaging technologies.

Established players such as Thai Union, Pescanova, and Holt are strengthening their portfolios with value-added squid products—like frozen rings, pre-marinated squid, and premium cuts tailored for retail and hospitality.

Meanwhile, emerging players including Freshkatch, Minh Khue, Bigsams, Qingdao Seaflying Food, and Seafood Pride International are entering high-potential regional markets with:

  • Competitive pricing
  • Rapid order fulfillment
  • Technology-enabled traceability systems

These companies are leveraging automation, improved cold-chain logistics, and efficient quick-freezing technologies to meet global buyer expectations for quality, freshness, and sustainability.

Companies such as Seaquest and Xiamen Taiseng are addressing bulk and industrial demand with consistent volume supply, making them preferred partners for large-scale distributors and food manufacturers.

“Manufacturers who adopt value-added processing, product differentiation, and sustainability certifications will win bigger market share,” notes the report’s insights team.

Regional Insights: Asia-Pacific Leads, Europe and North America Accelerate

The Asia-Pacific region continues to dominate in consumption, production, and export volumes.

Top country-wise growth rates (CAGR 2025–2035):

  • China: 5.1% — largest consumer and exporter, investing in advanced aquaculture technologies
  • India: 4.8% — rising seafood exports and increased coastal consumption
  • Germany: 4.4% — rapid adoption of frozen and canned squid products
  • UK & USA: steady growth due to rising demand for protein-rich diets and global cuisines

A Growing Market with Expanding Opportunities

Driven by changing dietary habits, seafood-based protein trends, and a surge in demand for convenient frozen products, the global squid industry is set to thrive.

Manufacturers—both established leaders and new entrants—who invest in:
✅ Sustainable fishing
✅ Advanced freezing & packaging
✅ Value-added squid innovations

Information Source: https://www.futuremarketinsights.com/reports/squid-market

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