2025-2034 Aquaculture Market Evolution: Disruptions, Innovations, and Untapped Opportunities

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What Is the Expected CAGR for the Aquaculture Market Through 2025?
In recent times, there has been a notable expansion in the size of the aquaculture market. The market, valued at $256.97 billion in 2024, is projected to increase to $270.06 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.1%. This growth observed in the historic period is due to the escalating cultivation of aquatic animals, robust economic growth in emerging markets, a rise in disposable income, an increase in government-supportive initiatives, and the need to restore populations of threatened and endangered species.

What's the Projected Size of the Global Aquaculture Market by 2029?
In the coming years, the aquaculture market is projected to experience considerable growth, reaching a valuation of $338.39 billion in 2029 with a compound annual growth rate (CAGR) of 5.8%. The predicted expansion during this forecast period is due to factors such as escalating seafood demand, the rise in health-aware consumers, increased utilization of fish oil in various sectors, and worldwide growth in population and urbanization. Key trends anticipated during this period encompass IoT integration, technological advancements, the deployment of aquaculture drones, R&D efforts, application of artificial intelligence, species resistant to climate change, and open-ocean aquaculture.

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Top Growth Drivers in the Aquaculture Industry: What's Accelerating the Market?
Increased appetite for seafood is anticipated to boost the expansion of the aquaculture market in the future. Seafood, synonymous with any edible water inhabitants including those from both freshwater and sea regions such as lobsters, mussels, and crabs, sees a surge in demand, which in turn heightens the significance of aquaculture within the overall fish supply. Citing data from the Organization for Economic Cooperation and Development (OECD), a France-based intergovernmental economic institution, human consumption will account for 90% of the produced fish, with an expected growth of 16.3% by 2029. Indeed, the surging demand for seafood will contribute to the growth of the aquaculture market.

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What Are the Key Trends Driving Aquaculture Market Growth?
The growing trend of IoT connectivity in the aquaculture market is notable. It has been instrumental in collecting data, assessing fish and water quality, and predicting diseases and outbreaks. In 2022, a breakthrough was presented at the Aquaculture UK exhibition by R3-IoT, who introduced their revolutionary Connected Seafarm system. This system specifically aims to resolve challenges associated with digitalizing remote aquaculture practices and locations, being specially designed for this sector. The Scottish company describes its Connected Seafarm as a comprehensive data services solution, which wirelessly and seamlessly integrates smart devices globally, encompassing sensors and analytical platforms. Further, it has been engineered for easy and quick installation with persistent data collection capabilities, independent of the existing connectivity infrastructure, and does not require any special internal technical skills.

What Are the Main Segments in 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 Top Companies are Driving Growth in the Aquaculture Market?
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

Which Regions Will Dominate the Aquaculture Market Through 2029?
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.

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