Global Aquaculture Market to Reach $370.89 Billion by 2029, Growing at 7.5% CAGR

What industry-specific factors are fueling the growth of the aquaculture market?
The anticipated surge in seafood consumption is likely to spur the expansion of the aquaculture market. Seafood, which includes consumable water-dwelling animals from both marine and freshwater environments like lobsters, mussels, and crabs, among others, is driving the increased relevance of aquaculture in the overall fish supply. As an illustration, the Organization for Economic Cooperation and Development (OECD), an intergovernmental economic institution based in France, indicates that humans will consume 90% of fish produced, forecasting a consumption growth of 16.3% by 2029. Consequently, this growing demand for seafood is set to fuel the development of the aquaculture market.

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What Is the projected market size and growth rate for the aquaculture market?
In recent times, the aquaculture market has seen substantial growth. The market is expected to expand from $262.03 billion in 2024 to $277.28 billion in 2025, displaying a compound annual growth rate (CAGR) of 5.8%. This significant growth in the past period is a result of factors such as the enhanced breeding of aquatic animals, promising economic development in emerging markets, an increase in disposable income, expanded government initiatives, and the pressing need to replenish the populations of endangered and threatened species.

Robust expansion is predicted for the aquaculture market in the coming years, with an estimation of reaching $370.89 billion by 2029, reflecting a compound annual growth rate (CAGR) of 7.5%. This predicted surge during the forecast period is due to factors such as a surge in seafood demand, an increase in health-conscious consumers, the rising requirement for fish oil in diverse industries, and worldwide population growth coupled with urbanization. The forecast period is also expected to witness major trends including Internet of Things (IoT) integration, technological progress, the employment of aquaculture drones, increased research and development activity, the application of artificial intelligence, the cultivation of climate change-resistant species, and the promotion of open-ocean aquaculture.

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What new trends are reshaping the aquaculture market and its opportunities?
The rising trend of IoT connectivity in the aquaculture market is noteworthy. The use of IoT in aquaculture is for data collection, fish and water quality monitoring, and disease and outbreak prediction. R3-IoT launched its innovative Connected Seafarm system at the Aquaculture UK exhibition in 2022. This system is designed to digitise remote aquaculture operations and sites, specifically catering to the aquaculture sector. The Scottish enterprise says that its Connected Seafarm provides a comprehensive data services solution, linking smart devices globally such as sensors and analytics platforms. The system is designed for quick and easy installation, automatic data collection, without requiring specific connectivity infrastructure or internal technical skills.

What major market segments define the scope and growth of the aquaculture market?
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 region dominates 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.

Which key market leaders are driving the aquaculture industry growth?
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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What Is Covered In The Aquaculture Global Market Report?

•Market Size Forecast: Examine the aquaculture market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the aquaculture market for a structured understanding.
•Key Players Overview: Analyze major players in the aquaculture market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aquaculture market.
•Segment Contributions: Evaluate how different segments drive overall growth in the aquaculture market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aquaculture market.
•Industry Challenges: Identify potential risks and obstacles affecting the aquaculture market.
•Competitive Landscape: Review strategic developments in the aquaculture market, including expansions, agreements, and new product launches.

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