GSMC

U.S. consumers have plenty of money to spend on seafood, despite anecdotal concerns over inflation and higher grocery bills, according to Wells Fargo agricultural economist Michael Swanson.

“People are spending USD 500 billion [EUR 480 billion] on [beef, pork, and chicken]. You don’t think they have another couple hundred billion dollars to spend on seafood if they want to? They absolutely do,” Swanson said at the 2025 Global

After a difficult period of low prices shocked the global shrimp-farming industry in 2024, Ecuadorian shrimp farmers have adjusted, and the sector has stabilized, according to Glunashrimp Founder Gabriel Luna.

“Ecuadorian shrimp farmers – as have the other farmers around the world – have had to adjust to be able to produce with those low prices. [2024 was] a very troublesome year for the farmers because they were trying to

With the current projected catch of sockeye salmon indicating a lower supply in 2025 and an odd-numbered year bringing increases in the supply of pink and keta salmon, multiple companies are working to bring more attention to underutilized salmon species.

Bristol Bay Regional Seafood Development Association Executive Director Lilani Dunn, speaking at the 2025 Global Seafood Market Conference in Palm Desert, California, U.S.A., said the Alaska

The North American lobster industry is projected to have similar volumes and landing patterns as it has had in years past in 2025, but U.S. President Donald Trump’s repeated mentions of 25 percent tariffs on Canadian products could cause disruptions.

The North American lobster supply has been relatively stable for a decade, averaging between 300 million and 350 million pounds each year. According to a panel of experts at the Global

Coming off a surprisingly strong 2024, the U.S. economy is likely to enjoy growth again in 2025 – albeit at a more modest pace – according to Rabobank Head of Cross-Asset Strategy Christian Lawrence.

However, Lawrence warned there are several factors that could stymie that predicted growth and cast uncertainty onto the U.S. economy.

Lawrence, who gave a presentation titled “2025 Macroeconomic Outlook – A return to

U.S. foodservice outlets sold more shrimp year over year in 2023, due in part to lower prices, and more outlets included shrimp on their menus, improving the products' countrywide menu penetration.

However, customers bought less average volume per visit, and foodservice businesses used an average of 20 pounds less volume per establishment, according to Performance Food Group Vice President of Procurement Michael Seidel.

Foodservice outlets have

Catfish, lobster, haddock, pollock, and crab each have regional strongholds in the U.S. But a few species have broken through to national popularity, with shrimp, salmon, and cod leading the charge. 

Shrimp was ranked the most popular species of seafood in every region of the U.S. for 2023. Salmon also made an appearance in the top five seafood species in all nine regions of the U.S., as identified by a Circana SupplyTrack survey done

After a rough year for U.S. shrimp importers, the outlook for the first half of 2024 continues to be relatively grim. 

A panel of executives speaking at the 2024 Global Seafood Marketing Conference – which took place from 23 to 25 January in Orlando, Florida, U.S.A. – said the first half of 2024 will likely see a contraction across the seafood industry, particularly with shrimp imports, in the wake of a difficult

China and Indonesia are leading a charge that will see global tilapia production rise to over 7 million metric tons in 2024.

If the prediction from Rabobank and the Global Seafood Alliance holds true, it would be the equivalent of 5 percent year-over-year growth, and a 13 percent increase from 2019.

“Overall, the growth of tilapia has been pretty consistent with year-over-year increases, averaging about 5.4 percent each year,” Urner

Seafood sales at U.S. retail stores dipped in 2023 due to high levels of inflation, tighter purchasing power for consumers, and a number of other factors.

After two years of higher sales and retailers effectively moving through built-up inventory, demand for seafood fell in 2023, leaving the entire supply chain scrambling to find solutions, H-E-B Vice President of Seafood Jason Driskill told SeafoodSource at the 2024 Global Seafood Marketing