Press release
Aquaculture Market Valued at USD 50.06 Billion in 2024, Anticipated to Reach USD 89.28 Billion by 2032 at a CAGR of 7.5%
Global Aquaculture Market size was valued at USD 50.06 Bn. in 2024, and the total global aquaculture Market revenue is expected to grow by 7.5% from 2025 to 2032, reaching nearly USD 89.28 Bn.Aquaculture Market Overview:
The Global Aquaculture Market has become one of the fastest-growing segments within the global food production industry, driven by the rising demand for seafood, declining wild fish stocks, and growing consumer preference for protein-rich, nutritious diets. Aquaculture involves the breeding, rearing, and harvesting of fish, shellfish, and aquatic plants under controlled aquatic environments, including ponds, tanks, and marine cages. The industry has evolved from traditional pond-based systems to advanced, technology-driven approaches such as Recirculating Aquaculture Systems (RAS), offshore cage farming, and biofloc technology, which enhance production efficiency, reduce environmental impact, and ensure better water quality management.
Countries like China, India, Vietnam, and Thailand are leading the market with integrated aquaculture models supported by innovations in feed production, disease management, and automation. For example, Thailand's CP Foods operates one of Asia's largest and most sustainable shrimp aquaculture facilities, integrating digital monitoring, automated feeding, and zero-water exchange systems. In developed regions like Japan, Norway, and Australia, the focus is shifting toward land-based RAS and high-value species farming, reflecting the sector's transition toward sustainability, traceability, and technological advancement.
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Aquaculture Market Dynamics:
Driver - Technological Advancements and Digitization of Aquaculture Operations
The integration of advanced technologies such as IoT, AI, machine learning, and automation has significantly improved productivity, disease detection, and resource management in aquaculture. Systems like RAS and biofloc enable efficient water recycling and minimal waste, reducing environmental pressures while boosting yield. Smart sensors and data analytics tools provide real-time monitoring of oxygen levels, temperature, and pH balance, helping farmers optimize feeding and growth cycles. These technological advancements are not only enhancing profitability but also making aquaculture more sustainable and scalable, particularly in urban and water-limited regions.
Opportunity - Rising Demand for Sustainable and Premium Seafood
Global consumers are increasingly seeking eco-friendly, antibiotic-free, and traceable seafood, creating strong opportunities for certified aquaculture producers. Certifications such as ASC (Aquaculture Stewardship Council) and BAP (Best Aquaculture Practices) have become benchmarks for market entry into premium retail and export markets. The trend toward omega-3 enriched fish, organic shrimp, and high-value shellfish aligns with the growing focus on nutrition and sustainability, encouraging innovation and diversification within the sector.
Challenge - Environmental Impact and Disease Management Risks
Despite its growth potential, the aquaculture industry faces challenges related to water pollution, disease outbreaks, and biosecurity lapses. Intensive fish farming can lead to habitat degradation and high mortality rates if not managed properly. The overuse of antibiotics and lack of uniform biosecurity protocols across regions pose further risks. Addressing these issues requires significant investment in sustainable waste management, disease-resistant breeds, and international regulatory cooperation to ensure long-term sectoral resilience.
Aquaculture Market Outlook and Future Trends:
The global aquaculture industry is projected to maintain strong growth through 2030, supported by rising global seafood consumption, technological innovation, and government initiatives promoting sustainable aquaculture. The future landscape will be characterized by land-based aquaculture expansion, particularly for salmon and high-value species, and greater automation in feeding and monitoring systems. Increasing adoption of AI-driven predictive analytics will enhance productivity while reducing operational costs.
Furthermore, integrated multi-trophic aquaculture (IMTA)-where multiple species are farmed together to recycle nutrients-will gain traction as a sustainable model. Regions such as Asia Pacific will remain dominant due to large-scale operations and favorable climatic conditions, while North America and Europe will focus on high-tech, environmentally responsible aquaculture. The rise of aquaculture in Africa and Latin America also presents emerging growth avenues as governments invest in coastal infrastructure and aquafeed production capabilities.
Aquaculture Market Key Recent Developments:
May 2025 - BioMar Group (India & Iceland): Announced a partnership with Iceland's Fóðurblandan to produce aquafeed locally, strengthening the supply chain for salmon farming in the North Atlantic and expanding BioMar's global production footprint.
May 2025 - ScaleAQ (Norway): Acquired Norwegian start-up Probotic, gaining access to autonomous underwater inspection and cleaning technologies, enhancing automation in aquaculture maintenance and improving farm efficiency.
June 2025 - UNCTAD Report: The United Nations Conference on Trade and Development highlighted that U.S. tariffs on imported seafood are expected to raise domestic aquaculture prices due to limited production capacity and longer production cycles, signaling potential market adjustments in North America.
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Aquaculture Market Segmentation:
Based on type, fish farming represents the largest and most influential segment of the global aquaculture market. It encompasses the cultivation of species such as salmon, tilapia, catfish, and trout, primarily for food consumption. With the growing global demand for protein-rich diets, fish farming has emerged as a key solution to address this need. The segment's dominance is driven by the high nutritional profile of fish, which are rich in omega-3 fatty acids and essential nutrients, making them a preferred choice among health-conscious consumers worldwide.
Fish farming is practiced in both freshwater and marine environments, providing producers with flexibility and ensuring a stable seafood supply year-round. Technological advancements in aquaculture-such as improved feed systems, water quality management, and sustainable farming practices-have enhanced productivity while reducing dependence on wild fisheries and mitigating overfishing pressures.
Accounting for more than 50% of the total aquaculture market, the fish farming segment significantly contributes to global food security, employment generation, and rural economic development. Its scalability and adaptability enable efficient production to meet diverse regional and global demands. As the industry continues to evolve, fish farming remains a cornerstone of sustainable seafood production and a critical driver of growth within the aquaculture sector.
Some of the current players in the Aquaculture Market are:
North America
1. Cargill, Incorporated - (Wayzata, Minnesota, USA)
2. Cooke Aquaculture Inc. - (Blacks Harbour, New Brunswick, Canada)
3. Clearwater Seafoods Inc. - (Bedford, Nova Scotia, Canada)
4. Pentair Aquatic Eco-Systems - (Apopka, Florida, USA)
5. AquaBounty Technologies - (Maynard, Massachusetts, USA)
6. Pacific Seafood Group - (Clackamas, Oregon, USA)
7. Zeigler Bros., Inc. - (Gardner, Pennsylvania, USA)
Europe
1. Cargill, Incorporated - (Wayzata, Minnesota, USA)
2. Cooke Aquaculture Inc. - (Blacks Harbour, New Brunswick, Canada)
3. Clearwater Seafoods Inc. - (Bedford, Nova Scotia, Canada)
4. Pentair Aquatic Eco-Systems - (Apopka, Florida, USA)
5. AquaBounty Technologies - (Maynard, Massachusetts, USA)
6. Pacific Seafood Group - (Clackamas, Oregon, USA)
7. Zeigler Bros., Inc. - (Gardner, Pennsylvania, USA)
Asia Pacific
1. CP Foods (Charoen Pokphand Foods) - (Thailand)
2. Mowi ASA Asia (via subsidiary Mowi Vietnam) - (Vietnam)
3. Zhanjiang Guolian Aquatic Products Co., Ltd. - (China)
4. Nippon Suisan Kaisha, Ltd. (Nissui) - (Japan)
5. Avanti Feeds Limited - (India)
6. Dainichi Corporation (Japan)
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