| Product Code: ETC13284789 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Squid Market was valued at USD 1.7 Billion in 2024 and is expected to reach USD 3.1 Billion by 2031, growing at a compound annual growth rate of 7.60% during the forecast period (2025-2031).
The Global Squid Market is experiencing steady growth due to increasing consumer demand for seafood and the versatility of squid as a culinary ingredient. Key drivers of market growth include the rising popularity of Asian cuisine worldwide, particularly in developed countries, and the growing awareness of the health benefits associated with consuming seafood. Asia-Pacific region dominates the market, with countries like China, Japan, and South Korea being major producers and consumers of squid. Europe and North America also contribute significantly to the market, driven by a preference for squid in various dishes. The market is characterized by a competitive landscape with key players focusing on product innovation, sustainable sourcing practices, and expanding distribution networks to meet the increasing demand for squid products.
The Global Squid Market is experiencing growth due to increasing consumer awareness of the health benefits of squid, such as being a good source of protein and omega-3 fatty acids. The market is also benefiting from the rising popularity of seafood consumption worldwide. Additionally, technological advancements in squid fishing and processing are improving efficiency and quality, leading to increased supply and distribution. Opportunities in the market include the development of innovative squid-based products to cater to changing consumer preferences, as well as expanding market presence in emerging economies with growing seafood demand. Sustainability practices are also becoming a key focus in the industry, presenting opportunities for companies to differentiate themselves and appeal to environmentally conscious consumers.
Challenges in the global squid market include fluctuating supply due to environmental factors affecting squid populations, such as overfishing and climate change. This can lead to price volatility and supply chain disruptions for companies involved in the squid industry. Quality control is another issue, as squid is a perishable product that requires proper handling and storage to maintain freshness and ensure food safety compliance. Additionally, market competition from alternative seafood products and regulatory challenges related to fishing practices and sustainability further complicate the landscape for squid producers and distributors, requiring them to adapt and innovate to stay competitive in the market.
The Global Squid Market is primarily driven by increasing consumer demand for seafood products, particularly in regions like Asia where squid is a popular delicacy. The health benefits associated with squid consumption, such as being a good source of protein, omega-3 fatty acids, and various vitamins and minerals, have also contributed to its growing popularity. Additionally, advancements in fishing technologies and practices have improved the efficiency of squid harvesting, leading to a steady supply of squid products in the market. The versatility of squid in culinary applications, its mild flavor profile, and its ability to easily absorb different flavors further enhance its appeal to consumers, driving the growth of the Global Squid Market.
Government policies related to the Global Squid Market vary by country but generally focus on regulating fishing practices to ensure sustainable harvesting of squid populations. Many countries have implemented quotas and restrictions on fishing seasons to prevent overfishing and protect squid stocks. Additionally, there are regulations in place to monitor and control the use of fishing gear to minimize bycatch and prevent damage to marine ecosystems. Some governments also provide subsidies and support to the fishing industry to promote responsible fishing practices and ensure the long-term viability of the squid market. International agreements and treaties, such as the United Nations Convention on the Law of the Sea, also play a role in governing the management of squid fisheries on a global scale.
The future outlook for the global squid market appears promising, driven by increasing consumer demand for seafood, particularly in Asian countries. Squid is a popular seafood choice due to its versatility in various cuisines and its perceived health benefits. The market is expected to witness growth due to rising disposable incomes, urbanization, and changing dietary preferences. Additionally, advancements in fishing techniques and aquaculture practices are likely to contribute to the growth of the squid market. However, challenges such as environmental concerns, regulations on fishing practices, and competition from other seafood products may impact the market growth. Overall, the global squid market is anticipated to expand steadily, with Asia-Pacific region leading the demand for squid products.
In the global squid market, Asia holds a dominant position as the largest producer and consumer of squid, with countries like China, Japan, and South Korea leading the market. North America and Europe are significant importers of squid, with the United States and Spain being major markets. In the Middle East and Africa region, countries like Egypt and Morocco play a key role in squid production and trade. Latin America, particularly Peru, Mexico, and Chile, also contributes significantly to the global squid market. Each region has its own unique consumption patterns, preferences, and regulations impacting the demand for squid products, with Asia remaining the powerhouse in terms of production and consumption.
Global Squid Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Squid Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Squid Market Revenues & Volume, 2021 & 2031F |
3.3 Global Squid Market - Industry Life Cycle |
3.4 Global Squid Market - Porter's Five Forces |
3.5 Global Squid Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Squid Market Revenues & Volume Share, By Products, 2021 & 2031F |
4 Global Squid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Squid Market Trends |
6 Global Squid Market, 2021 - 2031 |
6.1 Global Squid Market, Revenues & Volume, By Products, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Squid Market, Revenues & Volume, By Fresh, 2021 - 2031 |
6.1.3 Global Squid Market, Revenues & Volume, By Frozen, 2021 - 2031 |
6.1.4 Global Squid Market, Revenues & Volume, By Prepared, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.3.1 Overview & Analysis |
7 North America Squid Market, Overview & Analysis |
7.1 North America Squid Market Revenues & Volume, 2021 - 2031 |
7.2 North America Squid Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Squid Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Squid Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Squid Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Squid Market, Revenues & Volume, By Products, 2021 - 2031 |
8 Latin America (LATAM) Squid Market, Overview & Analysis |
8.1 Latin America (LATAM) Squid Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Squid Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Squid Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Squid Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Squid Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Squid Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Squid Market, Revenues & Volume, By Products, 2021 - 2031 |
9 Asia Squid Market, Overview & Analysis |
9.1 Asia Squid Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Squid Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Squid Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Squid Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Squid Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Squid Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Squid Market, Revenues & Volume, By Products, 2021 - 2031 |
10 Africa Squid Market, Overview & Analysis |
10.1 Africa Squid Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Squid Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Squid Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Squid Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Squid Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Squid Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Squid Market, Revenues & Volume, By Products, 2021 - 2031 |
11 Europe Squid Market, Overview & Analysis |
11.1 Europe Squid Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Squid Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Squid Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Squid Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Squid Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Squid Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Squid Market, Revenues & Volume, By Products, 2021 - 2031 |
12 Middle East Squid Market, Overview & Analysis |
12.1 Middle East Squid Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Squid Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Squid Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Squid Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Squid Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Squid Market, Revenues & Volume, By Products, 2021 - 2031 |
13 Global Squid Market Key Performance Indicators |
14 Global Squid Market - Export/Import By Countries Assessment |
15 Global Squid Market - Opportunity Assessment |
15.1 Global Squid Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Squid Market Opportunity Assessment, By Products, 2021 & 2031F |
16 Global Squid Market - Competitive Landscape |
16.1 Global Squid Market Revenue Share, By Companies, 2024 |
16.2 Global Squid Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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