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The global squid market size was valued at USD 12.2 billion in 2024 and is estimated to grow at a CAGR of over 3.8% from 2025 to 2034. With its versatility and unique flavor profile, squid has gained immense popularity, making it a sought-after seafood choice. Squid can be found in numerous forms within the market, from whole, fresh specimens to processed products such as calamari rings, squid steaks, and dried squid snacks.<br><br>
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Squid Market Size to Reach USD 17.7 Bn by 2034 Global Market Insights Inc.
Overview of Squid Market ➢ The Squid Market was valued at USD 12.2 billion in 2024 and is set to grow at a steady CAGR of 3.8% from 2025 to 2034. As consumer appetite for exotic seafood continues to rise, squid has earned its place as a highly sought-after delicacy in many cuisines around the world. Known for its unique flavor profile and versatility, squid is featured in a variety of forms, from whole fresh squid to popular processed items like dried squid snacks, calamari rings, and squid steaks. The surge in demand for premium seafood options, driven by growing consumer interest in new culinary experiences, has further propelled the squid market expansion. ➢ The squid market has seen notable growth thanks to advancements in packaging, distribution, and logistics, ensuring that fresh and processed squid reach international markets more effectively than ever before. Increased consumer awareness of seafood's health benefits, including high protein and low-fat content, has also contributed to this surge in demand. Additionally, squid plays a vital role in many high-end restaurants and Mediterranean, Japanese, and other Asian cuisines, strengthening its place in the global food scene. Global Market Insights Inc.
Continue… ➢ The European squid segment is anticipated to witness substantial growth from 2023 to 2032. European squid, renowned for its exceptional taste and texture, is gaining popularity not only in its home region but also internationally. The unique flavor profile makes it a sought-after ingredient in upscale restaurants and among seafood vendors. As consumer preferences continue to evolve, the European squid will grow significantly, with its culinary appeal transcending geographical boundaries. ➢ Europe squid market will generate massive revenues by 2032 owing to the diverse culinary traditions and a thriving seafood culture. The region's affinity for squid, particularly in Mediterranean and Scandinavian cuisines, is bolstering product demand. As consumer preferences shift towards sustainable and locally sourced products, European squid holds a distinct advantage. A combination of tradition, innovation, and a commitment to sustainable seafood practices will shape the regional market outlook in the coming years. ➢ Notable participants in the squid market include Bigsams, Freshkatch, Holmes, Holt, Lee Fishing, Minh Khue, Pescanova, Qingdao Seaflying Food, Seafood Pride International, Seaquest, Thai Union, Xiamen Taiseng Global Market Insights Inc.
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