Market Forecast By Type (Fish, Crustaceans, Mollusca, Others), By Application (Retail, Institutions, Food Service) And Competitive Landscape
| Product Code: ETC4775210 | Publication Date: Nov 2023 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
According to 6Wresearch internal database and industry insights
Below mentioned are the evaluation of year-wise growth rate along with key drivers:
| Years | Est. Annual Growth in % | Growth Drivers |
| 2021 | 4.8 | Rising domestic seafood consumption in urban and non-residential sectors. |
| 2022 | 5 | Increasing demand for seafood exports, particularly to Asian and Western markets. |
| 2023 | 5.5 | Government support for sustainable seafood production and expansion of fishing technology. |
| 2024 | 6.2 | Rising popularity of high-quality seafood like shellfish and sushi-grade fish. |
| 2025 | 6.5 | Expansion of seafood processing infrastructure and online retail channels. |
The Taiwan Seafood Market report thoroughly covers the market by types of seafood, applications, and distribution channels. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high-growth areas, and market drivers, which would help stakeholders devise and align their market strategies according to the current and future market dynamics.
| Report Name | Taiwan Seafood Market |
| Forecast Period | 2026-2032 |
| CAGR | 7.25% |
| Growing Sector | Retail |
The Taiwan seafood market is expected to grow significantly during the coming years. The market strong growth expansion is supported by growing consumer preference for seafood due to its high protein benefits and rich taste. On the top of that, there is a higher demand from consumers for specific type of species like fish and mollusks. Moreover, a higher support can be seen by government for the expansion of this industry and continued marine life growth. besides, growing online retail channels are driving this industry growth smoothly.
Below are some growth drivers and their impact on market dynamics:
| Drivers | Primary Segments Affected | Why It Matters |
| Government Support & Export Growth | Fish, Crustaceans, Mollusks | Enhances Taiwan's global seafood trade |
| Rising Demand for Healthy Seafood | Fish, Crustaceans | Increases demand for high-protein seafood products |
| Growth of Online Retail Channels | Online Stores | Expands market reach to local and international consumers |
| Sustainable Seafood Practices | Fish, Crustaceans, Mollusks | Boosts consumer trust in environmentally friendly products |
| Technological Advancements in Processing | Fish, Mollusks | Increases production efficiency and product quality |
The Taiwan Seafood Market is expected to grow robustly, at a CAGR of 7.25% during the forecast period of 2026-2032. The market is well-supported by rising demand from both national and foreign consumers. More and more people are preferring seafood due to its multiple benefits and rich flavor. Along with this, the government is backing up this industry by providing multiple policies supporting the trade and continued marine life expansion. Moreover, online retail platforms are accelerating this industry demand by providing ease of accessibility and varied product options. Within the coming years, more tech advancements will bolster the growth of packaged seafood and ready-to-eat seafood options. Altogether, the market will witness continued expansion and consistent growth.
Below are some key restraints and their influence on market dynamics:
| Restraints | Primary Segments Affected | Why It Matters |
| Environmental Degradation | Fish, Crustaceans, Mollusks | Limits seafood availability |
| Price Volatility of Raw Materials | Fish, Crustaceans, Mollusks | Affects prices and market stability |
| Regulatory Compliance | Fish, Crustaceans, Mollusks | Increases operational costs |
| Competition from Imported Seafood | Fish, Crustaceans, Mollusks | Pressures local prices and demand |
| Supply Chain Disruptions | Fish, Crustaceans, Mollusks | Impacts product freshness and availability |
The market deals with multiple challenges that hamper its growth. This challenge mainly consists of overfishing practices that not only harm marine life but also pollute the environment due to the usage of plastic hooks and nets. Additionally, Taiwan's seafood market is threatened by other seafood-exporting countries' market share. Besides, the market faces storage issues, which lead to spoilage of seafood. The market also gets restrained by cultural and regional preferences for the consumption of seafood.
Some major trends contributing to the development of the Taiwan Seafood Market growth are:
Here are some investment opportunities in the Taiwan Seafood Industry:
Here are some top companies contributing to Taiwan Seafood Market Share:
| Company Name | Taiwan Fisheries Co. Ltd. |
|---|---|
| Established Year | 1948 |
| Headquarters | Taipei, Taiwan |
| Website | - |
Taiwan Fisheries Co. specializes in seafood production, processing, and export, offering high-quality fish, crustaceans, and mollusks to international markets.
| Company Name | Yung Shin Seafood Co. |
|---|---|
| Established Year | 1975 |
| Headquarters | Kaohsiung, Taiwan |
| Website | - |
Yung Shin Seafood is a key player in the Taiwan seafood market, exporting a range of products including fish fillets, shrimp, and scallops, while focusing on sustainability.
| Company Name | Penguin Seafood Co. |
|---|---|
| Established Year | 1990 |
| Headquarters | Taichung, Taiwan |
| Website | - |
Known for premium quality seafood, Penguin Seafood specializes in both domestic and international sales of fish and shellfish, focusing on high-end restaurants.
| Company Name | Taiwan Ocean Foods |
|---|---|
| Established Year | 1980 |
| Headquarters | Tainan, Taiwan |
| Website | - |
Taiwan Ocean Foods processes and exports a variety of seafood, including fish, mollusks, and crustaceans, emphasizing sustainable fishing practices.
| Company Name | Tung Chun Seafood Co. |
|---|---|
| Established Year | 1982 |
| Headquarters | Hsinchu, Taiwan |
| Website | - |
Tung Chun is a leading processor and exporter of frozen seafood in Taiwan, specializing in shrimp, fish, and squid products for global markets.
According to Taiwanese government data, Taiwan’s seafood market is well regulated by multiple government policies aimed at making the market grow by aligning it with sustainability initiatives. The Taiwan Fisheries Act regulates sustainable fishing techniques, increases product quality, and fosters responsible use of aquatic resources. The government's Sustainable Fisheries Policy focuses on the equilibrium between conservation initiatives and commercial requirements, that makes sure enduring market stability.Furthermore, the Aquaculture Promotion Act facilitates the development of the aquaculture industry, propelling the increase of cultivated seafood production.
The Taiwan Seafood Market has a favorable growth outlook within the forecast period. The market demand is driven by increasing demand both domestically and internationally. Furthermore, key growth factors include increasing seafood consumption in urban areas and higher export opportunities to Western and Asian markets. Moreover, technological advancements in seafood processing and sustainability initiatives will continue to play an important role. Furthermore, the market’s focus on eco-friendly practices and product innovation will position Taiwan as a leader in the global seafood market.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Guneet Kaur, Senior Research Analyst, 6Wresearch, Fish holds the largest market share in the Taiwan Seafood Market due to its widespread consumption, diverse cooking methods, and availability of various species such as tilapia, mackerel, and tuna. Fish is the most favourite choice in both domestic and export markets.
Retail distribution channels is leading the market. As consumer preference for fresh and packaged seafood continues to rise retail sector is expected to grow more evidently. Supermarkets and local grocery stores are the primary points of purchase for seafood products.
The report subsequently covers the market by following segments and subsegments:
| 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 Taiwan Seafood Market Overview |
| 3.1 Taiwan Country Macro Economic Indicators |
| 3.2 Taiwan Seafood Market Revenues & Volume, 2022 & 2032F |
| 3.3 Taiwan Seafood Market - Industry Life Cycle |
| 3.4 Taiwan Seafood Market - Porter's Five Forces |
| 3.5 Taiwan Seafood Market Revenues & Volume Share, By Type, 2022 & 2032F |
| 3.6 Taiwan Seafood Market Revenues & Volume Share, By Application, 2022 & 2032F |
| 4 Taiwan Seafood Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.2.1 Increasing consumer awareness about the health benefits of seafood consumption |
| 4.2.2 Growing demand for high-quality seafood products in Taiwan |
| 4.2.3 Government initiatives promoting sustainable fishing practices and aquaculture development |
| 4.3 Market Restraints |
| 4.3.1 Fluctuating seafood prices due to supply chain disruptions and environmental factors |
| 4.3.2 Competition from imported seafood products affecting local seafood industry |
| 5 Taiwan Seafood Market Trends |
| 6 Taiwan Seafood Market Segmentations |
| 6.1 Taiwan Seafood Market, By Type |
| 6.1.1 Overview and Analysis |
| 6.1.2 Taiwan Seafood Market Revenues & Volume, By Fish, 2022-2032F |
| 6.1.3 Taiwan Seafood Market Revenues & Volume, By Crustaceans, 2022-2032F |
| 6.1.4 Taiwan Seafood Market Revenues & Volume, By Mollusca, 2022-2032F |
| 6.1.5 Taiwan Seafood Market Revenues & Volume, By Others, 2022-2032F |
| 6.2 Taiwan Seafood Market, By Application |
| 6.2.1 Overview and Analysis |
| 6.2.2 Taiwan Seafood Market Revenues & Volume, By Retail, 2022-2032F |
| 6.2.3 Taiwan Seafood Market Revenues & Volume, By Institutions, 2022-2032F |
| 6.2.4 Taiwan Seafood Market Revenues & Volume, By Food Service, 2022-2032F |
| 7 Taiwan Seafood Market Import-Export Trade Statistics |
| 7.1 Taiwan Seafood Market Export to Major Countries |
| 7.2 Taiwan Seafood Market Imports from Major Countries |
| 8 Taiwan Seafood Market Key Performance Indicators |
| 8.1 Percentage of seafood consumption in Taiwan compared to other protein sources |
| 8.2 Number of seafood processing facilities adhering to sustainability standards |
| 8.3 Consumer satisfaction levels with the quality and freshness of seafood products |
| 9 Taiwan Seafood Market - Opportunity Assessment |
| 9.1 Taiwan Seafood Market Opportunity Assessment, By Type, 2022 & 2032F |
| 9.2 Taiwan Seafood Market Opportunity Assessment, By Application, 2022 & 2032F |
| 10 Taiwan Seafood Market - Competitive Landscape |
| 10.1 Taiwan Seafood Market Revenue Share, By Companies, 2022 & 2032F |
| 10.2 Taiwan Seafood Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |