The value added of seafood in the US in 2023 stood at 4.08 billion USD. Based on the forecasted data, the value is estimated to reach 4.12 billion USD in 2024, representing a 0.98% year-on-year increase. The subsequent years show a consistent year-on-year growth: 0.97% increase in 2025, 1.2% in 2026, 0.95% in 2027, and 0.94% in 2028. The Compound Annual Growth Rate (CAGR) over the last five years is approximately 0.91%.
Future trends to watch for include potential impacts of climate change on seafood availability, advancements in aquaculture technologies, and shifts in consumer preferences towards sustainable and locally sourced seafood products. Monitoring these factors will be critical in forecasting future values and adjusting market strategies.
