Discover trends, market shifts, and competitive outlooks for the aquaculture industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#What is the Anticipated CAGR of the Aquaculture Market, and What Factors Will Drive It?

In recent times, the size of the aquaculture market has experienced substantial growth. Projected to expand from $262.03 billion in 2024 to $277.28 billion in 2025, it presents a compound annual growth rate (CAGR) of 5.8%. This growth during the historic period is a result of numerous factors such as heightened farming of aquatic animals, robust economic growth in nascent markets, increased disposable income, advancements in government initiatives, as well as the pressing need to replenish endangered and threatened species populations.

Over the coming years, a significant surge in the growth of the aquaculture market is expected, predicting it to reach $370.89 billion in 2029 with a compound annual growth rate (CAGR) of 7.5%. This robust growth in the forecast period may be due to the escalating demand for seafood, an increasing number of people focusing on health, a rise in demand for fish oil in numerous industries, and the growth of the population and urbanization worldwide. The forecast period is likely to see key trends such as IoT connectivity, advancements in technology, use of drones in aquaculture, research and development in the sector, application of artificial intelligence, development of species resistant to climate change, and expansion of open-ocean aquaculture.

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What are the Fundamental Drivers and Innovations Shaping the Aquaculture Market?

The aquaculture market’s expansion is anticipated to be driven by the soaring demand for seafood. Seafood constitutes a variety of both freshwater and marine organisms that are edible, including lobsters, mussels, crabs, and occasionally other sea creatures. An escalation in seafood demand bolsters the significance of aquaculture in the total fish supply. As an illustration, the Organization for Economic Cooperation and Development (OECD), an intergovernmental economic establishment based in France, predicts that humans will consume 90% of the fish produced, with the consumption predicted to rise by 16.3% by 2029. Consequently, the escalating demand for seafood is set to fuel the growth of the aquaculture market.

How Is the Aquaculture Market Segmented?

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 Regions Are Driving the Next Phase of the Aquaculture Market Growth?

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.

What Key Trends Are Shaping the Future of the Aquaculture Market?

The use of IoT connectivity in the aquaculture market is an emerging trend. The deployment of IoT in aquaculture aids in data collection, fish and water quality monitoring, and predicting disease outbreaks. R3-IoT introduced its innovative Connected Seafarm system at the Aquaculture UK exhibition in 2022. This system is meant to mitigate the challenges that come with digitalizing remote aquaculture operations and sites. It was specifically designed for the aquaculture industry. The Scottish company asserts that its Connected Seafarm system provides a comprehensive data services solution that connects smart devices globally, including sensors and analytics platforms, in a seamless, wireless manner. The system is designed to be easily and quickly installed, able to consistently gather data without the need for specific connectivity infrastructure or skilled internal technical resources.

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How Is the Aquaculture Market Defined and What Are Its Core Parameters?

Aquaculture refers to the raising of aquatic animals in regulated aquatic habitats for any kind of profit-making, leisure-seeking, or public use. It is the managed practice of cultivating aquatic creatures to increase output. The marine species that are frequently bred in these regions of the oceans include mollusks, shellfish, prawns, and seaweed.

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