Global Aquaculture Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Environment;
Marine water, Fresh water, and Brackish water.By Fish Type;
Carps, Mollusks, Crustaceans, Mackerel, Sea bream, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Aquaculture Market (USD Million), 2021 - 2031
In the year 2024, the Global Aquaculture Market was valued at USD 228,122.71 million. The size of this market is expected to increase to USD 311,693.36 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.6%.
The global aquaculture market represents a vital sector within the broader seafood industry, playing a crucial role in meeting the increasing global demand for fish and seafood products. Aquaculture, often referred to as fish farming, involves the cultivation and harvesting of various aquatic species such as fish, mollusks, crustaceans, and aquatic plants in controlled environments like ponds, tanks, and marine enclosures. This method contrasts with traditional wild fisheries, offering sustainable solutions to supplement natural fish stocks that have faced depletion due to overfishing and environmental factors.
In recent years, the aquaculture industry has experienced significant growth driven by rising consumer awareness of the health benefits associated with seafood consumption and the growing preference for protein-rich diets. Additionally, technological advancements in aquaculture practices have enhanced production efficiency and sustainability, addressing concerns related to environmental impact and resource utilization. Regions such as Asia-Pacific dominate the global aquaculture market, supported by favorable geographic conditions and substantial investment in aquaculture infrastructure.
Key challenges facing the aquaculture sector include disease management, regulatory frameworks, and the sustainable sourcing of feed ingredients. Innovations in breeding techniques, disease prevention, and feed formulation are pivotal in overcoming these challenges while ensuring the industry's long-term viability and growth. As global populations continue to grow and dietary preferences shift towards healthier protein sources, the aquaculture market is poised to play an increasingly critical role in ensuring food security and sustainable seafood production worldwide.
Global Aquaculture Market Recent Developments
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In July 2022, a leading global aquaculture company launched a new sustainable feed product, designed to reduce the environmental impact of fish farming while improving production outcome.
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In January 2024, the World Aquaculture Society announced its new initiative to implement AI-driven technology in fish farming to improve efficiency and sustainability in the sector.
Segment Analysis
The global aquaculture market is segmented by environment, fish type, and geography, reflecting the diverse practices and regional preferences within the industry. Environmental segmentation includes marine water, where species like salmon and sea bass thrive in coastal waters requiring specialized infrastructure. Freshwater aquaculture, encompassing species such as carp and tilapia, utilizes ponds and inland water bodies, benefiting from stable environmental conditions. Brackish water aquaculture, found in estuaries, supports species like shrimp and mollusks, requiring careful management of water salinity.
Fish type segmentation in aquaculture showcases a wide range of species cultivated globally. Carps dominate freshwater aquaculture, valued for their adaptability and nutritional value. Mollusks, including oysters and mussels, play crucial roles in both food production and environmental sustainability. Crustaceans like shrimp and prawns are cultivated extensively in both freshwater and marine environments, meeting global seafood demand. Marine species such as mackerel and sea bream are increasingly farmed for their taste and nutritional benefits, contributing significantly to the industry's diversity.
Geographically, North America focuses on freshwater species like trout and catfish, alongside marine aquaculture of species such as salmon. Europe's aquaculture includes freshwater carp and notable marine production in countries like Norway and Scotland. Asia Pacific leads global aquaculture production, farming species like carp, shrimp, and mollusks in diverse environments such as China and India. Middle East and Africa are emerging regions with growing aquaculture practices, focusing on tilapia and shrimp farming. Latin America excels in shrimp and marine fish production, particularly in countries like Ecuador and Chile, reflecting regional strengths in coastal aquaculture..
Global Aquaculture Segment Analysis
In this report, the Global Aquaculture Market has been segmented by Environment, Fish Type and Geography.
Global Aquaculture Market, Segmentation by Environment
The Global Aquaculture Market has been segmented by Environment into Marine water, Fresh water and Brackish water.
The global aquaculture market is segmented into marine water, freshwater, and brackish water environments, each offering distinct conditions for the cultivation of various aquatic species. Marine water aquaculture involves farming species such as salmon, sea bass, and sea bream in oceanic environments. These species thrive in the saline conditions of coastal waters and require specialized infrastructure to manage tidal influences and ensure water quality suitable for marine species. Marine aquaculture is prevalent in regions with extensive coastlines and deep-sea access, facilitating large-scale production of popular seafood items.
Freshwater aquaculture occurs in ponds, lakes, and rivers, focusing on species like carp, tilapia, trout, and catfish. This segment benefits from stable freshwater sources and controlled environments that facilitate optimal growth conditions for freshwater species. Freshwater aquaculture is widespread globally, contributing significantly to global protein supply and providing sustainable alternatives to wild-caught fish stocks that face depletion.
Brackish water aquaculture operates in estuaries and coastal areas where freshwater mixes with seawater. Species farmed in brackish water environments include shrimp, prawns, and certain mollusks like oysters and clams. This segment requires careful management of water salinity levels to support species adapted to both freshwater and marine conditions. Brackish water aquaculture often leverages natural estuarine ecosystems and supports the cultivation of species that thrive in transitional coastal habitats.
Overall, the segmentation of the aquaculture market by environment underscores the industry's diversity and adaptability to different aquatic ecosystems, offering sustainable solutions to meet global seafood demand while addressing environmental considerations and resource management challenges.
Global Aquaculture Market, Segmentation by Fish Type
The Global Aquaculture Market has been segmented by Fish Type into Carps, Mollusks, Crustaceans, Mackerel, Sea bream and Others.
Carps are one of the most extensively farmed fish globally, known for their adaptability to various aquatic environments and high nutritional value. Common carp, silver carp, and grass carp are prominent species in this category, cultivated primarily in freshwater environments such as ponds and lakes. Carps are valued for their rapid growth rates and ability to thrive on a varied diet, contributing significantly to global aquaculture production.
Mollusks play a crucial role in aquaculture, particularly shellfish species such as oysters, mussels, and clams. Mollusk aquaculture involves the cultivation of these filter-feeding organisms in both marine and brackish water environments. They are prized for their culinary appeal, environmental benefits through water filtration, and economic importance in coastal communities.
Crustacean aquaculture includes species like shrimp, prawns, and lobsters, which are farmed in both freshwater and marine environments worldwide. These species are highly valued for their meat quality and culinary versatility, contributing significantly to global seafood markets. Crustacean aquaculture often involves intensive farming practices to optimize growth conditions and ensure high-quality product output.
Mackerel and other pelagic species are increasingly being targeted for aquaculture due to their popularity in seafood markets and nutritional benefits. Aquaculture of mackerel involves farming in marine environments, focusing on sustainable practices to meet growing consumer demand for healthy seafood options.
Sea bream, along with other marine fish like sea bass, are valued for their taste and nutritional profile. Aquaculture of sea bream typically occurs in marine water environments, utilizing specialized farming techniques to ensure optimal growth conditions and product quality.
This category encompasses a diverse array of fish species not classified under the main groups, including trout, catfish, and various exotic species increasingly farmed for niche markets. Each species within this category has specific environmental and dietary requirements, driving innovation in aquaculture practices to sustainably meet global seafood demand.
Global Aquaculture Market, Segmentation by Geography
In this report, the Global Aquaculture Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Aquaculture Market Share (%), by Geographical Region, 2024
In North America is characterized by diverse operations focused on both freshwater and marine species. In the United States and Canada, freshwater aquaculture includes species like trout, catfish, and tilapia, cultivated in ponds and raceways. Marine aquaculture primarily involves salmon farming in coastal areas of Canada and the Northeastern United States, contributing significantly to the region's seafood production.
Europe boasts a robust aquaculture sector, particularly in countries like Norway, Scotland, and Spain. Norwegian aquaculture is renowned for its salmon farming industry, utilizing fjords and coastal waters to produce high-quality salmon for global markets. In Scotland, trout farming is prevalent, while Mediterranean countries like Greece and Italy focus on sea bass and sea bream aquaculture in marine environments.
Asia Pacific cultivates a wide range of species across freshwater and marine environments. China leads in freshwater aquaculture with species like carp and tilapia, supported by extensive pond farming systems. Southeast Asian countries such as Vietnam and Thailand specialize in shrimp and prawn farming, leveraging coastal waters for intensive aquaculture operations. Japan and South Korea focus on high-value marine species like tuna and sea bream, contributing to the region's diverse seafood output.
In the Middle East and Africa is emerging, driven by countries like Egypt and South Africa. In Egypt, tilapia farming in the Nile River and desert fish farming technologies play a significant role in meeting domestic and export demand for freshwater fish. South Africa focuses on abalone and oyster aquaculture along its coastal regions, contributing to the region's growing aquaculture sector.
Latin America exhibits a dynamic aquaculture industry, with countries like Chile, Ecuador, and Brazil leading production. Chile is prominent in salmon farming, utilizing cold waters of the Southern Pacific Ocean for Atlantic and Pacific salmon production. Ecuador specializes in shrimp farming, particularly in brackish water ponds along its coastal areas. Brazil focuses on tilapia and freshwater prawn aquaculture, contributing to regional food security and export markets.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Aquaculture Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Sustainability
- Increasing seafood demand
- Technological advancements
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Health benefits of seafood - Seafood offers a plethora of health benefits that make it a valuable component of a balanced diet. Rich in essential nutrients and omega-3 fatty acids, seafood consumption is associated with numerous positive effects on overall health and well-being.
Seafood is renowned for its high-quality protein content, which is essential for muscle growth and repair, as well as maintaining healthy skin, hair, and nails. Unlike many land-based protein sources, seafood typically contains lower levels of saturated fats, making it a heart-healthy option that can help lower cholesterol levels and reduce the risk of cardiovascular diseases.
Seafood is a prime source of omega-3 fatty acids, particularly eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). These fatty acids are crucial for brain health and cognitive function, supporting memory, concentration, and overall mental well-being. Omega-3s also have anti-inflammatory properties, which can alleviate symptoms of arthritis and other inflammatory conditions.
Restraints:
- Environmental impact
- Disease outbreaks
- Regulatory challenges
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Land and water resource constraints - Land and water resource constraints pose significant challenges to the aquaculture industry, impacting its growth and sustainability worldwide. These constraints arise from several factors:
Aquaculture competes with agriculture, urban development, and conservation efforts for land and water resources. Limited availability of suitable sites for aquaculture operations restricts expansion and can lead to conflicts over resource allocation.
Intensive aquaculture operations can affect local ecosystems and water quality. Excessive nutrient runoff, sedimentation, and waste discharge from aquaculture facilities can degrade water bodies and harm biodiversity, necessitating careful management to mitigate environmental impacts.
Opportunities:
- Expansion of marine aquaculture
- Innovations in feed technology
- Emerging markets in Asia Pacific
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Organic and certification trends - Organic and certification trends are becoming increasingly important in the aquaculture industry, reflecting consumer demand for sustainable and responsibly sourced seafood products. Here are key aspects and trends related to organic certification in aquaculture:
There is growing consumer awareness and demand for organic and sustainably produced seafood. Consumers are increasingly seeking products that adhere to organic standards, which include practices that minimize environmental impact and promote animal welfare.
Organic certification in aquaculture involves adherence to rigorous standards that govern feed ingredients, water quality, disease management, and environmental stewardship. Certification bodies such as the USDA Organic, EU Organic, and various private certification schemes set criteria that producers must meet to label their products as organic.
Competitive Landscape Analysis
Key players in Global Aquaculture Market include;
- Alpha Group Ltd
- Aquaculture Technologies Asia Limited
- Cooke Aquaculture
- Cermaq Group AS (Mitsubishi Corporation)
- Leroy Seafood Group ASA
- Marine Harvest ASA
- Nippon Suisan Kaisha, Ltd.
- P/F Bakkafrost
- Tassal Group Limited
- Thai Union Group Plc
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Environment
- Market Snapshot, By Fish Type
- Market Snapshot, By Region
- Global Aquaculture Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Sustainability
- Increasing seafood demand
- Technological advancements
- Health benefits of seafood
- Restraints
- Environmental impact
- Disease outbreaks
- Regulatory challenges
- Land and water resource constraints
- Opportunities
- Expansion of marine aquaculture
- Innovations in feed technology
- Emerging markets in Asia Pacific
- Organic and certification trends
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Aquaculture Market, By Environment, 2021 - 2031 (USD Million)
- Marine water
- Fresh water
- Brackish water
- Global Aquaculture Market, By Fish Type, 2021 - 2031 (USD Million)
- Carps
- Mollusks
- Crustaceans
- Mackerel
- Sea bream
- Others
- Global Aquaculture Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Aquaculture Market, By Environment, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Alpha Group Ltd
- Aquaculture Technologies Asia Limited
- Cooke Aquaculture
- Cermaq Group AS (Mitsubishi Corporation)
- Leroy Seafood Group ASA
- Marine Harvest ASA
- Nippon Suisan Kaisha, Ltd.
- P/F Bakkafrost
- Tassal Group Limited
- Thai Union Group Plc
- Company Profiles
- Analyst Views
- Future Outlook of the Market