Global Aquaculture Market USD 262.09 Billion by 2034 at 6.29% CAGR, Driven by Rising Seafood Demand and Fish Supply

Increasing demand for Seafood is anticipated to drive market growth in the coming years, boosting the Aquaculture industry's expansion.

NEW YORK, NY, UNITED STATES, February 20, 2025 /EINPresswire.com/ -- Aquaculture Market Overview

Aquaculture Market Size was valued at USD 157.95 Billion in 2023. The aquaculture market industry is projected to grow from 𝟏𝟔𝟎.𝟗 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 in 2024 to 𝐔𝐒𝐃 𝟐𝟔𝟐.𝟎𝟗 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 by 2032, exhibiting a compound annual growth rate (𝐂𝐀𝐆𝐑) 𝐨𝐟 𝟔.𝟐𝟗% during the forecast period (2024-2032). Increased demand for fish oil is increasingly in demand across various sectors, including food and beverage, medicines, nutraceuticals and expanding commercial operations in seafood are the key market drivers enhancing the market growth.

The global Aquaculture Market is set to experience substantial growth, with market research indicating a robust expansion through 2032. According to the latest industry analysis, key factors such as increasing seafood consumption, sustainable aquaculture practices, and technological advancements in fish farming are driving market momentum

Aquaculture, also known as fish farming, is one of the fastest-growing food production sectors worldwide. With the rising demand for protein-rich food and depleting wild fish stocks, aquaculture serves as a vital solution to bridge the seafood supply gap. The market encompasses various environments, including freshwater, marine water, and brackish water, each supporting the growth of different species such as fishes, crustaceans, and mollusks.

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𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬: Nippon Suisan Kaisha Ltd. (Japan), American Abalone Farms (US), Cermaq ASA (Norway), Dainichi Corporation (Japan), Cargill Incorporated (US) and Austevoll Seafood ASA (Norway)

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬

𝐁𝐲 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭

The aquaculture market is segmented based on the type of environment in which fish farming takes place:

Freshwater Aquaculture: Accounts for a significant share of the market, with species like carp, catfish, and tilapia thriving in controlled environments.

Marine Water Aquaculture: Includes high-value species such as salmon, tuna, and shrimp, benefiting from the availability of advanced cage culture techniques.

Brackish Water Aquaculture: A growing segment, particularly in coastal regions, supporting species like prawns and crabs.

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𝐁𝐲 𝐓𝐲𝐩𝐞

Aquaculture encompasses a wide variety of aquatic species, categorized as follows:

Fishes: The dominant segment, with species such as salmon, trout, and tilapia witnessing strong demand due to their nutritional value and high commercial viability.

Crustaceans: Includes shrimp, crabs, and lobsters, which are increasingly farmed using innovative biosecure farming methods.

Mollusca: Comprising oysters, mussels, and scallops, this segment is expanding due to rising consumer preference for shellfish and government incentives for sustainable aquaculture.

Others: Includes seaweed and other exotic species gaining popularity in niche markets.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

North America: North America’s aquaculture industry is experiencing steady growth, driven by increasing investments in sustainable fish farming practices and consumer demand for organic seafood. The U.S. and Canada are key markets, with government support for responsible aquaculture initiatives. Technological advancements such as recirculating aquaculture systems (RAS) are gaining traction in the region.

Europe: Europe remains a strong player in the aquaculture industry, with countries such as Norway, Scotland, and Spain leading in fish farming production. The European Union’s policies promoting sustainable seafood practices and stringent food safety regulations contribute to market expansion. Salmon farming in Norway, for instance, is a significant revenue generator, benefiting from export demand in Asia and North America.

Asia-Pacific: Asia-Pacific dominates the global aquaculture market, accounting for the largest share in terms of production and consumption. China, India, Vietnam, and Indonesia are key contributors, with extensive freshwater and marine aquaculture operations. The region benefits from a favorable climate, high seafood demand, and government incentives supporting sustainable fish farming. The growing adoption of automation and precision aquaculture is further boosting productivity.

Rest of the World (RoW): Countries in Latin America, the Middle East, and Africa are witnessing gradual growth in aquaculture, fueled by investments in modern fish farming techniques. Brazil and Chile are emerging as strong markets for salmon and shrimp farming, while Africa’s aquaculture sector is gaining momentum with government-backed initiatives to enhance fish production.

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𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

Growing Global Seafood Demand: Rising consumer awareness about the health benefits of seafood is fueling market growth.
Technological Innovations: Advancements in breeding techniques, water quality monitoring, and disease control are enhancing aquaculture efficiency.
Sustainability Initiatives: Stringent environmental regulations and sustainable seafood certification programs are encouraging responsible aquaculture.
Expansion of Export Markets: Increased global trade and demand for premium seafood products are driving production in key aquaculture regions.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

Environmental Concerns: Issues such as water pollution, habitat destruction, and antibiotic use in fish farming remain key challenges.
Disease Outbreaks: The aquaculture industry faces risks associated with fish diseases, requiring effective biosecurity measures.
Supply Chain Disruptions: Transportation and logistics challenges, especially in developing regions, impact seafood distribution.

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐚𝐧𝐝 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

The aquaculture market is expected to witness continued growth as industry stakeholders focus on sustainability and technological advancements. Key developments anticipated during the forecast period include:

Increased Adoption of Smart Aquaculture Technologies: IoT-enabled sensors, AI-driven monitoring systems, and automated feeding technologies are set to revolutionize fish farming.

Expansion of Land-Based Aquaculture Systems: Recirculating aquaculture systems (RAS) and controlled environment aquaculture (CEA) will gain prominence.

Emergence of Alternative Aquaculture Species: Farming of novel species such as sea cucumbers and microalgae is expected to create new revenue streams.

Strengthening of Global Supply Chains: Improved cold storage facilities and efficient logistics networks will enhance seafood distribution.

𝐓𝐀𝐁𝐋𝐄 𝐎𝐅 𝐂𝐎𝐍𝐓𝐄𝐍𝐓𝐒:

1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
5 MARKET FACTOR ANALYSIS…

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