Squid Market, By Squid Type (Cuttlefish, European Squid, Argentine Shortfin Squid, Jumbo Flying Squid, Japanese Flying Squid), Product Type, Distribution Channel (Retail, Seafood Market, Foodservice), Application, Regional Outlook & Forecast, 2023 - 2032

Squid Market, By Squid Type (Cuttlefish, European Squid, Argentine Shortfin Squid, Jumbo Flying Squid, Japanese Flying Squid), Product Type, Distribution Channel (Retail, Seafood Market, Foodservice), Application, Regional Outlook & Forecast, 2023 - 2032

Squid market is predicted to observe more than 3.8% CAGR from 2023 to 2032. A major catalyst is the increasing awareness and preference for healthy and sustainable protein sources. Squid, being a low-fat, high-protein alternative, aligns perfectly with the health-conscious consumer's dietary preferences. According to a US poll, nearly 77% Americans take some kind of dietary supplements regularly. Vitamin D, C, and multivitamins are some of the common vitamins consumed by people.

Advancements in technology have improved fishing techniques, contributing to a more sustainable and eco-friendly squid harvesting process. These factors, combined with a global trend towards adventurous eating, position the squid market for substantial growth in the coming years.

The squid market is classified based on squid type, product type, distribution channel, application, and region.

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.

The frozen squid segment is expected to record strong demand through 2032 due to the convenience and extended shelf life, making the product a go-to option for households and foodservice establishments alike. The freezing technology preserves the freshness and quality of squid, offering a versatile seafood option. This segment is anticipated to witness significant expansion, favored by the ease and flexibility.

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.