The global squid market is experiencing steady growth, presenting significant opportunities for Southeast Asian exporters. According to Fortune Business Insights, the market was valued at USD 12.92 billion in 2025 and is expected to reach USD 13.42 billion in 2026, with projections of USD 18.15 billion by 2034 at a CAGR of 3.85% [1]. Global Market Insights reports similar figures, estimating the market at USD 12.2 billion in 2024, growing to USD 17.7 billion by 2034 [3].
For Southeast Asian sellers, this growth trajectory is particularly relevant. The region's strategic location, established fishing industries, and proximity to key markets make it an ideal base for squid exports. On Alibaba.com, the squid/calimari category shows active buyer engagement with stable demand patterns. While this represents a specialized B2B market rather than a high-volume commodity, the focused nature of seafood trade offers consistent opportunities for qualified suppliers who understand buyer requirements.
The frozen seafood segment specifically is showing strong momentum. Research and Markets projects the frozen seafood market to grow from USD 26.22 billion in 2026 to USD 32.51 billion by 2030 at 5.5% CAGR [4]. This aligns with consumer trends toward convenient, shelf-stable protein sources and the expansion of cold chain logistics globally.
Global Squid Market Size by Source
| Source | 2024/2025 Market Size | 2034 Projection | CAGR |
|---|---|---|---|
| Fortune Business Insights | USD 12.92B (2025) | USD 18.15B | 3.85% |
| Global Market Insights | USD 12.2B (2024) | USD 17.7B | 3.8% |
| Frozen Seafood (all species) | USD 26.22B (2026) | USD 32.51B (2030) | 5.5% |

