Key Insights into the Aquaculture Market: Trends, Growth Rate, and Opportunities Through 2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion of the Aquaculture Market?
The burgeoning interest in seafood is projected to fuel the expansion of the aquaculture industry in the future. The term ‘seafood’ encompasses all the consumable aquatic organisms ranging from freshwater species to ocean dwellers like lobsters, mussels, crabs, and occasionally other marine species. This surge in seafood demand accentuates the significance of aquaculture within the total fish supply sector. For example, the Organization for Economic Cooperation and Development (OECD), an intergovernmental economics organization based in France, predicts that 90% of fish production will be allocated for human consumption, with a forecasted increase of 16.3% by 2029. Hence, the escalating demand for seafood is set to catalyze the expansion of the aquaculture market.
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#What is the Anticipated CAGR of theAquaculture Market, and What Factors Will Drive It?
The size of the aquaculture market has witnessed a robust expansion in the past few years. There will be a significant leap from $262.03 billion in 2024 to $277.28 billion in 2025, showcasing a compound annual growth rate (CAGR) of 5.8%. The cause behind this historic growth is credited to the escalated breeding of aquatic fauna, promising economic progress in upcoming markets, increase in expendable income, growth of government schemes, and the requirement to replenish the population of threatened and endangered species.
The aquaculture industry size is set to witness robust expansion in the coming years, and it’s projected to reach the value of $370.89 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.5%. Factors propelling growth for this timeframe include an increased appetite for seafood, a rising population of health-aware customers, escalating demand for fish oil from different sectors, and the global rise in both population and urbanization. Key trends that are likely to shape this forecast period encompass the integration of IoT, technological progress, the implementation of aquaculture drones, R&D activities, application of AI, species resistant to climate change, and exploitation of open-ocean aquaculture.
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What New Market Trends Are Reshaping theAquaculture Market and Its Opportunities?
The rising trend of using IoT connectivity in the aquaculture market is gaining traction. IoT technology has exceled its use in aquaculture to collate data, supervise the health of fish and water quality, and predict disease and outbreaks. The company R3-IoT unveiled its innovative Connected Seafarm system at the Aquaculture UK exhibition in 2022. The system aims to combat the challenges in digitalization of remote aquaculture operations and sites as it was specifically designed for the aquaculture field. The Scottish firm suggests that its Connected Seafarm offers a comprehensive end-to-end data services solution, linking wirelessly and smoothly to smart devices globally, such as sensors and analytics systems. In addition, it is designed to be easily and quickly installed for automatic, continuous data collection, regardless of the existing connectivity infrastructure, and doesn’t demand a particular technical skills internally.
Who Are the Leading Market Players Fueling Growth in the Aquaculture Market Trend?
Major companies operating in the aquaculture market include Austevoll Seafood ASA, Cermaq ASA, Nippon Suisan Kaisha Ltd (Nissui), P/F Bakkafrost, Tassal Group Limited, Grieg Seafood ASA, Zhanjiang Guolian Aquatic Products Co. Ltd., Cooke Aquaculture Inc., Maruha Nichiro Corporation, Stolt Nielsen Ltd., Charoen Pokphand Foods Pcl, Dainichi Corporation, Thai Union Group Plc, Pioneer Group, Dalian Yi Qiao Sea Cucumber Ltd, Dahu Aquaculture Company Limited, Zoneco Group, Shandong Homey Aquatic Development Co. Ltd, Zeal Aqua Ltd, Apex Frozen Foods Ltd, Northeast Nutrition Scotland Limited, George S. Forman Limited, Highland Smoked Salmon (Scotland) Limited, Kames Fish Farming Limited, Offshore Shellfish Limited, Aanderaa A Xylem Brand, Enexio Water Technologies Gmbh, Landing Aquaculture, Aquamaof Aquaculture Technologies Ltd, Holland Aqua B. V, Enpi Lake Fishing S.R.L, Almar Seafood Ltd, Alva Nord Ltd, Pentair Plc, Xylem Inc, Aquaculture System Technologies Llc, CPI Equipment Inc, Lifegard Aquatics, Reef Industries Inc, Aquaculture Of Texas, Blue Ridge Aquaculture Inc, American Abalone Farms Incorporated, Sea Watch International Ltd, Jbs S. A, Inve Aquaculture, Skretting, Jazan Energy And Development Company, Tabuk Fisheries Company, Tharawat Seas, Aquaculture Sharq Farms, Wahat Alreem Fish & Live Animals Trading, Pristine Fish Farm, African Marine Products (Pty) Ltd, Aquanion, Blue Ocean Mussels (Pty) Ltd
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How is the Global Aquaculture Market Segemented?
The aquaculture market covered in this report is segmented –
1) By Fish Type: Carps, Mollusks, Crustaceans, Mackerel, Sea Bream, Other Fish Types
2) By Environment: Marine Water, Fresh Water, Brackish Water
3) By Rearing Product Type: Equipment, Chemicals, Pharmaceuticals, Fertilizers
4) By Species: Aquatic Animals, Aquatic Plants
5) By Distribution Channel: Traditional Retail, Supermarkets And Hypermarkets, Specialized Retailers, Online Stores, Other Distribution Channels
Subsegments:
1) By Carps: Common Carp, Grass Carp, Silver Carp
2) By Mollusks: Oysters, Clams, Mussels
3) By Crustaceans: Shrimp, Crabs, Lobsters
4) By Mackerel: Atlantic Mackerel, Pacific Mackerel
5) By Sea Bream: Gilthead Sea Bream, Black Sea Bream
6) By Other Fish Types: Tilapia, Salmon, Catfish
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Which Geographics are Influencing the Growth of the Aquaculture Market?
Asia-Pacific was the largest region in the aquaculture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aquaculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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