In 2023, the wages and salaries in the US seafood industry were valued at $0.96 billion. The forecasted data from 2024 to 2028 shows a steady annual growth in wages and salaries. The values are projected to reach $1.2 billion by 2028, reflecting a continuous upward trend. Year-on-year growth is consistent, with a 5% increase anticipated from 2024 to 2025, a further 5% increase from 2025 to 2026, approximately 3.6% from 2026 to 2027, and around 4.3% from 2027 to 2028. The compound annual growth rate (CAGR) for the five-year period is estimated at 4.5%.

Future trends to watch for include:

Potential impact of changes in labor policies and immigration law.
Technological advancements affecting labor needs.
Sustainability practices influencing industry profitability and, subsequently, wage growth.
Fluctuations in seafood demand owing to economic conditions and consumer preferences.