Australia Fish and Seafood Market to Reach USD 5.9 Billion by 2033, Growing at 4.7% CAGR

Australia Fish and Seafood Market Overview

Market Size in 2024: USD 3.90 Billion

Market Size in 2033: USD 5.90 Billion

Market Growth Rate 2025-2033: 4.7%

According to IMARC Group's latest research publication, "Australia Fish and Seafood Market Size, Share, Trends and Forecast by Product, Form, Distribution Channel, and Region, 2025-2033", The Australia fish and seafood market size was valued at USD 3.90 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 5.90 Billion by 2033, exhibiting a CAGR of 4.7% during 2025-2033.

How Technology is Reshaping the Future of Australia Fish and Seafood Market

• Revolutionizing Aquaculture: Huon Aquaculture's $110M investment in recirculating aquaculture systems (RAS) at Whale Point grows larger salmon on land, reducing marine time and environmental impact.

• Streamlining Export Documentation: Australia's NEXDOC digital platform simplifies seafood export processes for the USD 1.8 billion trade, reducing costs with secure QR-coded certificates and faster approvals.

• Enhancing Traceability: Advanced tracking systems and sustainability certifications bolster consumer trust, with Australia's fisheries production value maintaining stability at $3.48 billion annually through 2028-29.

• Boosting Disease Prevention: Genics' Shrimp MultiPath2.0 technology identifies 18 pathogens in a single test, protecting aquaculture health and preventing stock losses worth millions.

• Driving Premium Exports: Cold-chain logistics and processing facility investments support rising exports to Asia, with South Australia shipping 6,000+ tonnes of tuna to Japan valued at $58 million in August 2024.

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Australia Fish and Seafood Market Trends & Drivers:

Australia's fish and seafood market is thriving on the back of strong consumer demand for sustainably sourced, high-quality products. Growing health awareness has amplified seafood's popularity, valued for omega-3 fatty acids, vitamins, and minerals. Enhanced traceability systems and sustainability certifications have strengthened consumer trust and driven market expansion. The government's support for sustainable fishing practices, including the 2025 seafood labeling policy requiring restaurants to disclose product origin (Australian, imported, or mixed), aligns eateries with retailers. This focus on transparency and sustainability positions Australia competitively in the premium seafood segment while supporting marine ecosystem health.

The expanding foodservice industry and tourism sector are powerful growth engines for the market. Restaurants, cafes, and catering businesses prominently feature seafood in their offerings, while coastal tourism drives demand for locally sourced, fresh seafood as visitors seek authentic culinary experiences. Export opportunities to Asia and Europe, where Australian seafood commands premium recognition, continue fueling robust growth. South Australia exemplifies this trend, exporting over 6,000 tonnes of tuna to Japan worth $58 million, alongside 124 tonnes of oysters and mollusks generating nearly $5 million in August 2024 alone. This dynamic interplay of domestic and international demand ensures steady market expansion.

Technological innovation in aquaculture is transforming the sector and boosting productivity. Advanced systems including automated feeding, real-time water quality monitoring, and data analytics are improving both efficiency and sustainability. Recirculating aquaculture systems (RAS) are gaining momentum, allowing controlled-environment fish farming with reduced environmental impact. Huon Aquaculture's $110 million investment in expanding its freshwater Atlantic salmon nursery at Whale Point exemplifies this shift, creating 150 construction jobs and 8 permanent roles while growing larger fish on land. Government and private sector investments in research and development are accelerating technology adoption, reinforcing Australia's reputation for high-quality, sustainably produced seafood in both domestic and international markets.

Australia Fish and Seafood Industry Segmentation:

The report has segmented the market into the following categories:

Analysis by Product:

• Fresh Fish

• Fresh Seafood

Analysis by Form:

• Fresh

• Frozen

• Canned

• Cured

Analysis by Distribution Channel:

• Offline

• Online

Regional Analysis:

• Australia Capital Territory and New South Wales

• Victoria and Tasmania

• Queensland

• Northern Territory and Southern Australia

• Western Australia

Recent News and Developments in Australia Fish and Seafood Market

• August 2025: The Yumbah-Clean Seas merger was finalized, with Clean Seas delisted from ASX and Euronext Growth Oslo on July 24-25, marking a significant consolidation in Australia's aquaculture sector worth $28.1 million.

• July 2025: Clean Seas Seafood shareholders voted in favor of the Yumbah Aquaculture merger, clearing a major hurdle for completion and paving the way for the company's transition from ASX-listed to private ownership.

• April 2025: Independent expert reports confirmed the strategic value of the Yumbah-Clean Seas merger, with the deal positioned to strengthen Australia's domestic aquaculture capabilities and enhance export competitiveness in premium seafood markets.

• March 2025: The Yumbah-Clean Seas merger received board approval with a scheme implementation deed signed at 14 cents per share, pending shareholder and regulatory approvals expected by July 2025.

• February 2025: Yumbah Aquaculture submitted a $28.1 million merger proposal to acquire Clean Seas Seafood, expanding from shellfish into finfish production and creating one of Australia's most vertically integrated aquaculture companies.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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