South Korea Seafood Market Forecast 2025 | Size, Trends & Report 2033

South Korea Seafood Market Overview

Market Statistics

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024: USD 4.6 Billion

Market Forecast in 2033: USD 6.7 Billion

Market Growth Rate: 4.09% (2025-2033)

South Korea’s seafood sector is thriving, fueled by rich culinary traditions and growing demand for sustainable, high-quality products. Robust export markets and innovative practices drive promising growth. According to the latest report by IMARC Group, South Korea seafood market size reached USD 4.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 6.7 Billion by 2033, exhibiting a growth rate (CAGR) of 4.09% during 2025-2033.

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South Korea Seafood Industry Trends and Drivers:

The seafood market in South Korea has prospered due to an established cultural practice of consuming fish at virtually every meal and a very high level of fish and shellfish consumption per capita. Sashimi and a plethora of seafood stews create regular demand and are also due to dietary trends which recognize the wealth of omega-3 and/or protein in seafood. Product developments in aquaculture include captive abalone through farming and shrimp farming, ensuring seafood is always available, and in some cases, consumption is not as dependent on wild-caught fish. In addition to the benefits of aquaculture, efficiencies in cold chain logistical environment, and online delivery services or options such as Noryangjin Fish Market creates demand opportunity.

Additionally, government policies supporting sustainable fishing and marine conservation create new markets for ethically sourced seafood. In conclusion, large key players such as Dongwon Industries are actively innovating processed seafood options to help busy people eat more seafood. Increased levels of disposable income and urbanisation also creates demand for premium seafood and convenience seafood options. Emerging trends of eating plant-based seafood substitutes such as Ultimate's vegan tuna are strongly based on general trends in the environment, and having a strong brand outcome. Finally, strong demand in export international markets, along with a reciprocated desire for Korean seafood, adds significant growth to its local market. Overall, one can be fairly assured that the seafood market in South Korea above and beyond seafood and fishers will continue to thrive overall as they are separated culturally and will embrace emerging technological opportunities and sustainability trends in current cooking..

South Korea Seafood Industry Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest south korea seafood market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.

The report has segmented the market into the following categories:

Type Insights:

• • Cigarettes
  • Roll Your Own
  • Cigars
  • Cigarillos
  • Smokeless Tobacco
  • Others

Form Insights:

• Fresh/Chilled
• Frozen/Canned
• Processed

Country Insights:

• Seoul Capital Area
• Yeongnam (Southeastern Region)
• Honam (Southwestern Region)
• Hoseo (Central Region)
• Others

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Additionally, the report features detailed profiles of all major companies in the south korea seafood industry.

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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