Press release
Global Aquaculture Market: Progressive Growth, Prominent Players, and Evolving Trends - Revealing a Rosy Forecast of $370.89 Billion by 2029
Aquaculture Market Size
What Is The Projected Market Size Of The Global Aquaculture Market And Its Growth Rate?
The global aquaculture market portrays a promising growth pattern.
•The market recorded a significant surge from $262.03 billion in 2024 to $277.28 billion in 2025, marking a CAGR of 5.8%. Key accelerators for this growth included escalated aqua cultivation, economic uplift in emerging markets, rise in disposable income, governmental initiatives, and species preservation efforts.
•The market is forecasted to hit $370.89 billion in 2029, burgeoning at a CAGR of 7.5%. This can be attributed to factors such as escalating seafood demand, health-conscious consumer base, increasing applications of fish oil, and demographic growth coupled with urbanization.
•Prominent market trends for this period are IoT connectivity, technology advancement, use of aquaculture drones, research development, artificial intelligence, climate change-resistant species, and open-ocean aquaculture.
What Is Driving The Growth In The Aquaculture Market?
The aquaculture market's sprawl is primarily driven by the escalating consumer demand for seafood. The edible aquatic species, including both freshwater and ocean creatures, are gaining prominence in the total fish supply, which fuels the growth of the aquaculture market. Asserting this is the recent data by OECD, which forecasts that 90% of total fish produced will be utilized for human consumption, with an expected upswing of 16.3% by 2029.
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Who Are the Key Players Driving Aquaculture Market Growth?
Leading firms spearheading the aquaculture market are:
•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, and multiple others.
What Are The Key Trends In The Aquaculture Market?
Forefront trends in the aquaculture market involve:
•IoT connectivity for data gathering, fish, and water quality monitoring.
•Advancements in technology.
•Use of aquaculture drones for effective operation.
•R&D initiatives for better outputs.
•Integration of artificial intelligence for optimized functions.
•Development of species that are climate change-resistant.
•Exploitation of open-ocean aquaculture for increased production.
What Are The Segments Of The Global Aquaculture Market?
The global aquaculture market is segmented into:
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
Which Region Leads The Aquaculture Market?
Asia-Pacific dominated the aquaculture market in 2024 and is projected to be the fastest-growing region over the forecast period. The geographical areas incorporated in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Aquaculture Market Global Market Report?
Market Size Analysis: Analyze the Aquaculture Market size by key regions, countries, product types, and applications.
Market Segmentation Analysis: Identify various subsegments within the Aquaculture Market for effective categorization.
Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
Market Contribution: Evaluate contributions of different segments to the overall Aquaculture Market growth.
Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
Industry Challenges: Analyze challenges and risks affecting the Aquaculture Market.
Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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