Report Overview:
The global aquaculture market is projected to reach approximately USD 454.3 billion by 2034, up from an estimated USD 268.5 billion in 2024. This growth reflects a compound annual growth rate (CAGR) of 5.4% over the forecast period from 2025 to 2034.
The global aquaculture market is a rapidly growing sector, driven by rising demand for seafood, depletion of wild fish stocks, and increasing awareness of sustainable food sources. Valued at over USD 300 billion in 2024, the market is expected to grow steadily due to advancements in farming technology, improved feed efficiency, and government support.
Asia-Pacific dominates the industry, with China as the leading producer. Key segments include fish, crustaceans, and mollusks, farmed in freshwater, marine, and brackish environments. As sustainability and innovation gain priority, aquaculture continues to evolve to meet global protein needs and environmental challenges.
Key Takeaways:
- Aquaculture Market size is expected to be worth around USD 454.3 billion by 2034, from USD 268.5 billion in 2024, growing at a CAGR of 5.4%.
- Fresh Water held a dominant market position in the aquaculture market, capturing more than a 48.60% share.
- Aquatic Animals held a dominant market position in the aquaculture market, capturing more than an 81.30% share.
- Food Industry held a dominant market position in the aquaculture sector, capturing more than a 71.20% share.
- Asia Pacific region is poised to emerge as a leading market for aquaculture, capturing the largest market share of 51.30%. It is anticipated to reach a value of 137.7 Bn
๐๐ฅ๐ข๐๐ค ๐ญ๐จ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ง๐ ๐๐ซ๐ข๐ฏ๐ ๐๐ฆ๐ฉ๐๐๐ญ๐๐ฎ๐ฅ ๐๐๐๐ข๐ฌ๐ข๐จ๐ง๐ฌ:
https://market.us/report/aquaculture-market/free-sample/
Key Market Segments:
By Environment
- Marine Water
- Fresh Water
- Brackish Water
By Species
- Aquatic Plants
- Seaweed
- Microalgae
- Aquatic Animals
- Fish
- Crustaceans
- Mollusks
- Others
By End-use
- Food Industry
- Agriculture
- Animal Feed
- Others
Driving Factors:
- Population growth and rising incomes are pushing demand for affordable, protein-rich foods. With wild fish stocks dwindling, farmed seafood becomes essential for global food security. Health trends favoring omegaโ3s and lean proteins further encourage consumption. Together, these dynamics propel investment and innovation in aquaculture.
Restraining Factors:
- Environmental concernsโsuch as water pollution, habitat damage, and disease outbreaks continue to challenge growth. Heavy reliance on fish-based feed exacerbates overfishing. Additionally, regulatory gaps and weak enforcement in many markets hamper sustainable development and raise investor concerns over long-term viability.
Growing Opportunities:
- Thereโs growing potential in high-value segments organic, certified, or specialty seafood. Environmentally-conscious consumers are willing to pay more, opening doors for differentiated products. Technological advances like recirculating systems, smart sensors, and AI-enabled monitoring make operations more efficient and sustainable, supporting market expansion in premium niches.
Latest Trends:
- Modern farming techniques like RAS and landโbased marine systems are gaining traction for better environmental control and biosecurity. Integrated systems combining aquaculture with agriculture or renewable energy (e.g. aquaponics, IMTA) are improving resource efficiency. Demand for traceability and eco-certification is rising, pushing producers toward transparent, consumer-friendly practices.
Market Key Players:
- Mowi ASA
- SalMar
- Leroy Seafood Group
- Bakkafrost Scotland
- Cermaq Group AS
- Grieg Seafood
- Cooke Aquaculture Inc.
- Blue Ridge Aquaculture , Inc.
- Eastern Fish Company
- Huon Aquaculture Group Pty Ltd.
- asmak
- Nireus Aquaculture S.A
- Promarisco
- Thai Union Group Plc
- Leroy Seafood Group ASA
- Other Key Players
- Conclusion:
- The aquaculture market is experiencing solid growth anchored by dietary shifts, ecosystem constraints on wild fisheries, and technological progress. Its ability to supply nutritious protein while conserving resources makes it central to future food systems. Freshwater farming remains dominant, but marine and integrated models are rapidly advancing.
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