Latest News- Squid Market: Fresh is expected to lead the Product segment during 2025-2029

The Squid Market is being driven by Growing popularity of sushi and squid-based dishes among consumers in developed countries

The Squid Market is expected to grow at a CAGR of 4.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2847.9 million. The global squid market is experiencing significant growth due to the increasing consumer demand for this versatile and nutritious seafood. Aquaculture, the farming of squid and other aquatic species, has become a key driver of this expansion. Major producing countries, including Thailand, Spain, Taiwan, China, Japan, Vietnam, and Ecuador, are intensifying their efforts to increase squid production through sustainable aquaculture practices. In addition, retailers are exploring alternative solutions to ensure the long-term sustainability of wild squid populations, making the squid market a dynamic and innovative sector in the global seafood industry. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Fresh
  • Frozen
  • Processed
• Distribution Channel
  • Offline
  • Online
• Type
  • Cuttlefish
  • European squid
  • Jumbo flying squid
  • Argentine shortfin squid
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • France
    • Italy
    • Spain
  • North America
    • Canada
    • US
  • South America
    • Peru
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing popularity of sushi and squid-based dishes among consumers in developed countries
• Demand for processed seafood
• Increasing prominence of land-based fish farming

However, the market also witnesses some limitations, which are as follows:

• Growing popularity of vegan seafood
• Stringent government regulations and guidelines
• Water pollution posing a global threat to marine life

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Market Scope in Squid Market Research Report

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Research Analysis Overview

Squid, a popular seafood, is the base for delicious dishes like calamari. Fried, chopped, and breaded squid offers nutrition with protein, Omega-3 fatty acids, and various essential vitamins and minerals. A serving size provides Calcium, Iron, and Vitamin C, benefiting heart health, healthy pregnancy, and reducing inflammation from rheumatoid arthritis. However, mercury levels and allergens like squid ink and shellfish allergies are health risks to consider. Best choices involve moderation and proper preparation. Squid also has antimicrobial properties. Nutritional information per serving: Calories, Fat, Carbohydrates, Fiber. Docosahexaenoic acid (DHA) is an Omega-3 fatty acid with significant health benefits. Allergies and mercury poisoning are potential concerns, so consult a healthcare professional for guidance.

Market Research Overview

The global packaged foods and meats market encompasses vendors engaged in food processing to ensure food safety and increase product longevity. According to Technavio, the market's size is determined by the consolidated revenue of participating entities. This market segment does not include equipment manufacturers or producers of packaged beverages, including alcoholic and non-alcoholic varieties. Factors driving market growth include the health benefits linked to the consumption of minimally processed foods, such as squid, which are rich in essential nutrients like protein, omega-3 fatty acids, and various vitamins and minerals. These nutrients contribute to improved overall health and wellness, making minimally processed seafood an attractive option for health-conscious consumers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/