As of 2023, household expenditure on seafood in the US was recorded at $135.50. The forecasted data for 2024 to 2028 shows a gradual increase, with expenditures rising from $136.48 in 2024 to $140.29 in 2028, marking an upward trend in seafood spending among US households. The year-on-year growth remains steady, with slight increases each year, and the compound annual growth rate (CAGR) over the forecasted period suggests a modest annual growth rate. Notably, this data suggests consistent consumer interest in seafood products.
Future trends to watch for:
- Potential impacts of environmental and regulatory changes on seafood prices.
- Innovations and sustainability efforts in seafood production.
- Changes in consumer health awareness and dietary preferences.
- Global supply chain disruptions or enhancements affecting seafood availability.