Introduction

The global demand for organic and sustainably sourced squid has been on the rise due to increasing consumer awareness about health, environmental sustainability, and ethical sourcing practices. This report delves into the top 10 fastest-growing markets for organic and sustainably sourced squid, analyzing specific data, financials, and volumes, while highlighting key trends driving growth in these regions.

1. United States

The United States is one of the largest consumers of squid, with a market size of approximately $500 million in 2022. The organic squid segment has seen a compound annual growth rate (CAGR) of 10% from 2018 to 2022, driven by a growing trend towards health-conscious eating. Major retailers like Whole Foods and Trader Joe’s have expanded their offerings of sustainably sourced seafood. The U.S. is also focusing on regulations that promote sustainable fishing practices, further boosting the market.

2. European Union

The European Union accounts for a significant share of the global squid market, with an estimated value of $300 million in 2022. Key players include Spain, Italy, and Portugal, where squid dishes are integral to the culinary tradition. The organic squid market in the EU is projected to grow at a CAGR of 12% over the next five years, driven by increased consumer preference for organic products and stringent EU regulations on sustainability. The EU’s Common Fisheries Policy ensures that fishing practices are sustainable, further enhancing market growth.

3. Japan

Japan is renowned for its seafood consumption, particularly squid, which is a staple in traditional dishes such as sushi and sashimi. The market for organic and sustainably sourced squid was valued at approximately $200 million in 2022, with a CAGR of 8% expected through 2027. The Japanese government has initiated programs to promote sustainable fishing, and consumer demand for organic seafood is rising, particularly among younger demographics who are more health-conscious.

4. South Korea

South Korea has emerged as a rapidly growing market for organic squid, with a market value of around $150 million in 2022. The CAGR for this segment is projected at 9%. The rise in popularity of health-oriented diets and the Korean Wave (Hallyu) influencing food trends have significantly contributed to this growth. With increasing imports of sustainably sourced squid, South Korea is expected to expand its market share in the coming years.

5. China

China’s squid market is experiencing rapid growth, valued at approximately $400 million in 2022, with a CAGR of 15%. The demand for organic squid is being driven by the growing middle class and the increasing trend towards healthier eating. As traditional seafood consumption rises, the Chinese government is also promoting sustainable fishing practices, enhancing the market for sustainably sourced squid.

6. Australia

Australia’s market for organic squid is estimated at $100 million in 2022, with a projected CAGR of 10%. Australian consumers are increasingly seeking sustainably sourced seafood, and the government has implemented strict regulations that promote sustainable fishing practices. The rise of eco-tourism and local seafood festivals has also contributed to the growing interest in organic squid.

7. Canada

In Canada, the organic squid market is valued at approximately $80 million in 2022, with a CAGR of 11%. The country’s commitment to sustainable fishing practices and rising consumer awareness about the benefits of organic seafood are key drivers. Major retailers are beginning to stock more organic and sustainably sourced seafood, catering to the growing demand among health-conscious consumers.

8. Brazil

Brazil’s squid market is valued at around $60 million in 2022, with a CAGR of 14%. The country’s expanding middle class and increased access to international markets have driven up demand for organic squid. Efforts are being made to promote sustainable fishing practices, which is essential for future growth in this market.

9. Mexico

Mexico’s market for organic squid, valued at $50 million in 2022, is expected to grow at a CAGR of 13%. The culinary tradition of seafood consumption in coastal regions drives this demand. Increased awareness regarding sustainable sourcing and organic options among consumers is expected to bolster market growth in the coming years.

10. Southeast Asia

Southeast Asia, particularly countries like Thailand and Vietnam, has a combined market value of approximately $200 million for squid, with a CAGR of 12%. The region is a significant exporter of squid products, and the demand for organic and sustainably sourced seafood is rising, spurred by both local consumption and international exports. Initiatives to enhance sustainable fishing practices are also gaining momentum.

Conclusion

The markets for organic and sustainably sourced squid are growing rapidly across the globe, driven by evolving consumer preferences, government regulations, and increased awareness of sustainability issues. As the demand for healthy and ethically sourced seafood continues to rise, stakeholders in the squid industry must adapt to these trends to capitalize on the growth opportunities presented in these fast-growing markets.

[Read More: The Global Squid and Calamari Industry in 2025: Market Trends, Challenges, and Future Outlook]