Press release
Rising Global Demand For Seafood Fuels Growth In The Aquaculture Products Market Driver: Leading Transformation in the Aquaculture Products Market in 2025
Aquaculture Products
The escalating worldwide demand for seafood is predicted to spark the development of the aquaculture products market in the future. Seafood is meant to include any edible marine life collected from oceans, rivers, lakes, or any other water bodies. The international demand for seafood is on the rise, driven by escalating awareness about its health advantages, population increase, and a dietary shift towards protein-dense, ecological food sources. Aquatic products assist in improving the cultivation, collection, and processing of fish, shellfish, and other marine species for consumption. To illustrate, in December 2023, as recorded by Australia's Department of Agriculture, Fisheries, and Forestry, Australians consumed an estimated 350,000 tonnes of seafood throughout 2021-2022, averaging 13.8 kilograms per individual. The figures for fishery and aquaculture imports also climbed by 2% to $2.19 billion, mainly due to a surge in prawn imports. Hence, the escalating worldwide demand for seafood is fuelling the expansion of the aquaculture products marketplace.
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What is the projected compound annual growth rate (CAGR) of the aquaculture products market from 2025 to 2034, and what factors influence it?
The market for aquaculture products has seen robust growth in the recent past. Predicted to escalate from $34.28 billion in 2024 to $37.08 billion in 2025, it displays a compound annual growth rate (CAGR) of 8.2%. The extraordinary growth during the historical period can be credited to factors such as the growing demand for fish farming, developments in fishing methodology, government's support for aquaculture, surge in seafood intake, maturity of mariculture, along with the rising cognizance of sustainable exercises.
In the upcoming years, the aquaculture products market is projected to experience notable expansion, with an estimated valuation of $50.08 billion by 2029, reflecting a compound annual growth rate (CAGR) of 7.8%. This development during the forecast period can be ascribed to factors such as the rise of aquaculture in developing markets, advancements in aquatic farming technology, increased sustainable practice investments, a surge in the consumption of high-protein diets, offshore aquaculture expansion, along with government backing for sustainable fishing. Key trends anticipated during the forecast period entail enhanced automation in aquaculture, an upswing in integrated fish farming, the infusion of smart sensors in aquatic farms, a spike in demand for environmentally friendly aquaculture equipment, the implementation of AI in fish health surveillance, and the growth of recirculating aquaculture systems (Ras).
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How are the latest trends influencing the growth of the aquaculture products market?
Leading businesses in the aquaculture products market are shifting their attention towards the creation of innovative natural mineral-based products. These are designed to enhance water quality, boost the health of fish, and encourage ecologically sustainable farming methodologies. Natural mineral aquaculture products are mineral-infused substances utilized in aquaculture to augment water quality, bolster aquatic species' health, and foster sustainable farming practices. For example, Refit Animal Care, an aquaculture company from India, introduced a novel aquaculture merchandise named Ziobind - Zeolite in January 2024. The goal is to bring transformative changes to fish farming practices across India. Ziobind integrates zeolite, a naturally occurring mineral renowned for its potential to assimilate harmful substances, such as ammonia, from water. This merchandise helps in maintaining water conditions at an optimal level which potentially de-escalates stress in fish and facilitates improved growth rates.
What are the major segments of the aquaculture products market and their role in driving growth?
The aquaculture productsmarket covered in this report is segmented -
1) By Type: Aquaculture Equipment, Fertilizers, Chemicals, Pharmaceuticals
2) By Production Type: Small Scale, Medium And Large Scale
3) By Culture Environment: Freshwater, Marine Water, Brackish Water
4) By Application: Aquatic Animals, Aquatic Plants
Subsegments:
1) By Aquaculture Equipment: Cages And Pens, Feeding Systems, Aerators, Water Circulation Equipment
2) By Fertilizers: Organic Fertilizers, Inorganic Fertilizers
3) By Chemicals: Water Treatment Chemicals, Disinfectants, Antifoulants
4) By Pharmaceuticals: Vaccines, Antibiotics, Parasiticides
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Which regions are key players in the growth of the aquaculture products market?
Asia-Pacific was the largest region in the aquaculture products market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the aquaculture products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the aquaculture products market?
Major companies operating in the aquaculture products market are Xylem Water Solution, Merck Animal Health, Marine Harvest, Pentair PLC, Thai Union Group PCL, Lerøy Seafood Group, Cooke Aquaculture Inc., Cermaq Group, Nueva Pescanova, Bakkafrost, AKVA group, Stolt-Nielsen, Huon Aqua, Reef Industries Inc., Pioneer Group, Eastern Fish Company, CPI Equipment Inc., ASAKUA, Blue Ridge Aquaculture Inc., Frea Aquaculture Solutions ApS, Tan International, Aquaculture Systems Technologies LLC, luxsol.ru, Aquafarm Equipment AS
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What Is Covered In The Aquaculture Products Global Market Report?
•Market Size Forecast: Examine the aquaculture products market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the aquaculture products market for a structured understanding.
•Key Players Overview: Analyze major players in the aquaculture products market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aquaculture products market.
•Segment Contributions: Evaluate how different segments drive overall growth in the aquaculture products market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aquaculture products market.
•Industry Challenges: Identify potential risks and obstacles affecting the aquaculture products market.
•Competitive Landscape: Review strategic developments in the aquaculture products market, including expansions, agreements, and new product launches.
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