Press release
Rising Seafood Consumption Drives Growth In Smart Aquaculture Market: A Key Driver Powering Smart Aquaculture Market Growth In 2025
Smart Aquaculture Market Growth
What Is the Current Smart Aquaculture Market Size and Its Estimated Growth Rate?
The smart aquaculture market has seen strong progress. It will grow from $4.16 billion in 2024 to $4.52 billion in 2025, with a CAGR of 8.7%. This rise has been influenced by ecological concerns, compliance pressures, competitive dynamics, shifts in consumer behavior, and a push for environmental responsibility.
The smart aquaculture market is expected to experience strong growth, reaching $6.26 billion by 2029 at a CAGR of 8.5%. The market growth is attributed to the increased adoption of IoT solutions, advancements in AI and machine learning applications, the integration of blockchain for supply chain transparency, adaptation to climate change challenges, and rising investment in smart aquaculture technologies. Key trends include urban aquaculture, shrimp farming, wastewater management, data-driven fish breeding, recirculating aquaculture systems (RAS), and alternatives to sea-sourced food.
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How Are Emerging Segments Shaping the Smart Aquaculture Market Landscape?
The smart aquaculture market covered in this report is segmented -
1) By Offering: Hardware, Software, Services
2) By Type: Smart Feeding Systems, Monitoring And Control Systems, Other Types
3) By Application: Marine Based Aquaculture, Land Based Aquaculture
Subsegments:
1) By Hardware: Sensors, Automation Systems, Cameras, Water Quality Monitoring Devices, Feeding Systems, Monitoring And Control Systems
2) By Software: Data Analytics Software, Aquaculture Management Software, AI And Machine Learning-Based Solutions, Cloud-Based Platforms, Monitoring And Reporting Software
3) By Services: System Integration, Consulting, Training And Support Services, Maintenance And Repair Services
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Which Growth Factors Are Influencing Smart Aquaculture Market Expansion?
The rising demand for seafood is expected to drive the growth of the smart aquaculture market. Seafood consumption continues to rise due to its health benefits, particularly the omega-3 fatty acids it provides, and the popularity of seafood dishes. Smart aquaculture improves seafood production by enhancing resource management and promoting environmental sustainability. In July 2023, the OECD and FAO projected that global per capita seafood consumption would rise to 21.2 kg by 2032, up from an average of 20.4 kg in 2020-2022. As a result, the increasing demand for seafood is propelling the smart aquaculture market.
Who Are the Dominant Players Across Different Smart Aquaculture Market Segments?
Major companies operating in the smart aquaculture market are AKVA Group AS, Steinsvik AS, Innovasea Systems Inc, In-Situ Inc, Imenco AS, Exosite, Bluegrove, Aquabyte Inc, OptoScale, Observe Technologies, Eruvaka Technologies Pvt Ltd, Adroit Inc., SENECT GmbH, Singapore Aquaculture Technologies, CPI Equipment Inc, AQ1 Systems Pty Ltd, MonitorFish GmbH, XpertSea Solutions Inc, CageEye AS, Pelagic Data Systems, AquaMaof Aquaculture Technologies Ltd, Maritech, VAKI Aquaculture Systems Ltd, AquaManager
What Smart Aquaculture Market Trends Are Gaining Traction Across Different Segments?
In the smart aquaculture market, companies are forming strategic partnerships to innovate sustainable aquaculture technologies. For instance, AquaEasy collaborated with Grobest Group in October 2022 to bring AI and IoT technologies to shrimp farming in Vietnam, aiming to improve efficiency and sustainability.
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Which Geographic Regions Are Expected to Dominate the Smart Aquaculture Market in the Coming Years?
North America was the largest region in the smart aquaculture market in 2023. The regions covered in the smart aquaculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Smart Aquaculture Market?
2. What is the CAGR expected in the Smart Aquaculture Market?
3. What Are the Key Innovations Transforming the Smart Aquaculture Industry?
4. Which Region Is Leading the Smart Aquaculture Market?
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