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Aquaculture Products Market Insights 2025-2034: Growth Forecast and Strategic Priorities
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Aquaculture Products Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The dimension of the aquaculture products market has significantly expanded in the past few years. The forecast showcases growth from $34.28 billion in 2024 to an impressive $37.08 billion by 2025, demonstrating a compound annual growth rate (CAGR) of 8.2%. This growth in historical context has roots in several factors. These include the rise in demand for fish farming, technological advancements in fishing, initiatives taken by the government in favor of aquaculture, a surge in the consumption of seafood, progress in mariculture, and a growing consciousness around the adoption of sustainable practices.
Aquaculture Products Market Size Forecast: What's the Projected Valuation by 2029?
The market size of aquaculture products is predicted to witness significant expansion in the coming years, with projections indicating a valuation of $50.08 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.8%. This anticipated surge during the forecast period can be ascribed to the burgeoning aquaculture sector in developing markets, advances in aquafarming technology, increased emphasis on sustainable methods, a growing appetite for high-protein diets, expansion in offshore aquaculture and governmental backing for sustainable fishing practices. Key trends driving this growth period comprise increased automation in aquaculture, a rise in the prevalence of integrated fish farming, the use of smart sensors in aquatic farms, heightened interest for environmentally-friendly aquaculture equipment, application of artificial intelligence in fish health tracking, as well as the expansion of recirculating aquaculture systems (RAS).
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What Are the Drivers Transforming the Aquaculture Products Market?
Anticipated to drive the aquaculture products market's expansion is the escalating worldwide consumption of seafood. Seafood includes all edible aquatic life forms sourced from oceans, rivers, lakes, and other bodies of water. The international preference for seafood is on the rise, prompted by greater health-benefit awareness, population increase, and the shift towards diets rich in protein and sustainably sourced. Aquaculture products play a pivotal role in improving the cultivation, harvesting, and processing of fish, shellfish, and other seafaring species for eating purposes. For instance, in December 2023, Australians reportedly consumed nearly 350,000 tonnes of seafood in the 2021-2022 period, averaging 13.8 kilograms per person as per the Department of Agriculture, Fisheries, and Forestry, a governmental department in Australia. In addition, the worth of fishery and aquaculture imports augmented by 2% to $2.19 billion, mainly driven by a surge in prawn imports. Hence, the thriving international demand for seafood fuels the growth of the aquaculture products market.
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What Long-Term Trends Will Define the Future of the Aquaculture Products Market?
Leading entities in the aquaculture products market are intensifying their efforts towards the creation of innovative natural mineral aquaculture commodities aimed at enhancing water quality, boosting fish well-being, and encouraging eco-friendly farming. These products are mineral-infused substances intended to upgrade water quality, bolster aquatic organisms' health, and endorse viable farming techniques. For example, Refit Animal Care, an acclaimed aquaculture firm from India, inaugurated a new aquaculture product, Ziobind - Zeolite, in January 2024, intended to modernize fish agriculture in India. Ziobind uses zeolite, an earth-derived mineral recognized for its capacity to cleanse harmful materials from water including ammonia. This item helps maintain ideal water circumstances, effectively decreasing fish stress and facilitating better growth rates.
Which Segments in the Aquaculture Products Market Offer the Most Profit Potential?
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 Firms Dominate the Aquaculture Products Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in 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.
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