Japan: Seafood Market Update
Japan is one of the world’s leading consumers of seafood. In 2022, it imported $15 billion of seafood products, making it the world’s third largest importer. Half of Japan’s seafood demand is met by imports. The United States is the third largest seafood supplier to Japan, specializing in salmon, cod, pollock, herring, crab, and lobster. Likewise, Japan is the third largest export destination for U.S. seafood, accounting for $708 million (13 percent) of all U.S. seafood exports. Despite seafood consumption declining in recent years, the Japanese market presents opportunities for unique products such as seafood meal kits, cubed seafood, and sauced seafood.