Aquaculture Market to Reach US$ 469.7 Billion by 2033, Driven by Sustainable Practices and Rising Global Fish Demand

Aquaculture Market

Aquaculture Market is expected to reach US$ 469.7 billion by 2033 from US$ 303.55 billion in 2024, with a CAGR of 4.97% from 2025 to 2033. Rising global demand for seafood, driven by population growth and increasing protein consumption, is the primary growth driver for the aquaculture market. Technological advancements in breeding, disease management, and sustainable feed solutions further enhance productivity, efficiency, and profitability, encouraging large-scale aquaculture adoption worldwide.

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Aquaculture Industry Overview

The aquaculture industry, encompassing the farming of fish, crustaceans, mollusks, and aquatic plants, is a critical component of global food production. It provides a sustainable solution to declining wild-capture fisheries and addresses the growing demand for high-quality protein. Freshwater and marine aquaculture dominate production, with species like salmon, shrimp, tilapia, and carp accounting for significant market share.

Advancements in breeding techniques, feed formulations, and disease management have increased yield, reduced mortality, and improved product quality. Modern aquaculture employs intensive, semi-intensive, and recirculating systems, with automation and sensor technologies enhancing monitoring and operational efficiency.

Sustainability is a major focus, with industry players implementing eco-friendly feed, integrated multi-trophic aquaculture, and waste management practices to minimize environmental impact. Regulatory frameworks, food safety standards, and certifications support responsible production and market trust. The market is supported by rising consumer awareness of seafood's nutritional benefits, urbanization, and the expansion of retail and foodservice channels. However, challenges such as disease outbreaks, high operational costs, and environmental concerns persist.

Despite these hurdles, global aquaculture continues to expand, driven by innovation, investments, and demand for traceable, high-quality seafood products. The industry's growth is crucial to food security, economic development in coastal regions, and the sustainable management of aquatic resources, positioning aquaculture as a vital segment of the global food supply chain.

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Recent Developments in Aquaculture Market

• To further sustainable shrimp procurement and climate targets under its SeaChange 2030 strategy, Thai Union Group obtained a historic USD 150 million Blue Loan from the Asian Development Bank (ADB) in May 2025. This is the first of its type in Thailand's seafood business. The loan encourages social responsibility and environmental sustainability by supporting the procurement of shrimp certified by programs approved by the Global Sustainable Seafood Initiative. This funding sets a standard for sustainable aquaculture finance and is in line with Thailand's climate pledges and the ADB's Strategy 2030, which prioritizes equitable development and climate resilience.

• Using cutting-edge recirculating aquaculture system (RAS) technology from the AKVA group, Eco Aquafarm in Busan opened South Korea's first land-based salmon farm in April 2025 with the goal of producing 500 tons of Atlantic salmon yearly. This supports the country's Smart Aquaculture Cluster project and represents a significant departure from complete reliance on imports. With closed-loop filtration and intelligent monitoring, the environmentally friendly plant started stocking eggs in the fall of 2024, and harvest is scheduled for the end of 2026. Global investment and expansion to 5,000 tons are anticipated.

• In March 2025, the former Aqua Bounty Canada Inc. operations on Prince Edward Island (PEI) were purchased by Cooke Aquaculture Inc.'s Kelly Cove Salmon Ltd. (KCS). Aqua Bounty specialized on genetically modified fish and land-based biotechnology. KCS intends to raise huge smolts for its Atlantic Canadian Ocean farms using the hatchery and RAS facilities that were purchased. This acquisition expands Cooke's operations and footprint in PEI while bolstering the company's dedication to sustainable aquaculture, innovation, and the development of local jobs.

• In March 2025, Stolt-Nielsen revealed large expenditures totaling more than $400 million to develop and improve its land-based aquaculture and liquid logistics businesses in the United States. New initiatives include the introduction of CleanRight, a cutting-edge chemical cleaning service, and the construction of a cutting-edge cleaning facility equipped with water reuse technology. Furthermore, Stolt Sea Farm intends to implement sustainable RAS for ethical seafood production, reaffirming the business's dedication to environmental protection, innovation, and expansion in the US market.

• February 2025: To cut greenhouse gas emissions by 46% by 2030, Lerøy Seafood Group incorporated chicken meal into fish feed, furthering its sustainability objectives. By collaborating with EWOS and receiving assistance from Bellona, Lerøy hopes to industrialize the use of byproducts, improving fish health and resource efficiency. High quality and sustainability requirements are guaranteed by extensive testing. Production will start in the spring of 2025 and scale up gradually.

Growth Drivers in Aquaculture Market

Increasing Seafood Demand

Global seafood consumption is rising due to growing population, health awareness, and preference for protein-rich diets. Wild-capture fisheries face sustainability limits, increasing reliance on aquaculture for consistent supply. This trend drives expansion of fish, crustacean, and mollusk farming globally. Retailers and foodservice industries increasingly source farmed seafood, creating stable demand. Rising disposable incomes and urbanization further boost seafood consumption in developing regions. Aquaculture meets these market needs through scalable operations and diversified species production, encouraging investments in advanced farming techniques, hatcheries, and feed innovations to maintain quality, yield, and profitability.

Technological Advancements in Aquaculture

Innovations such as recirculating aquaculture systems (RAS), automated feeding, water quality monitoring, and AI-driven disease management are enhancing production efficiency. Genetic improvements in farmed species increase growth rates and disease resistance. Sustainable feed formulations and probiotic treatments reduce environmental impact while improving yield. Sensor technology and IoT integration enable real-time monitoring of water parameters, feeding, and stock health. These advancements optimize resource utilization, reduce operational costs, and improve product quality, making aquaculture more profitable and environmentally sustainable. Technology adoption encourages broader industry participation and market expansion worldwide.

Focus on Sustainable Practices

Sustainability initiatives, including eco-friendly feed, integrated multi-trophic aquaculture, and waste management, reduce environmental footprint. Certifications such as ASC and BAP improve market acceptance and consumer trust. Governments and NGOs promote responsible farming practices to mitigate ecological concerns like water pollution and overuse of antibiotics. Sustainable operations enhance brand reputation, support export markets, and ensure long-term industry viability. The push for traceable, responsibly farmed seafood aligns with consumer preferences, regulatory requirements, and global sustainability goals, acting as a key driver for aquaculture growth and attracting investment in green technologies.

Challenges in Aquaculture Market

Disease Outbreaks and Health Management

Aquaculture is vulnerable to disease outbreaks, parasites, and bacterial infections, which can cause significant stock losses. High-density farming increases disease transmission risks. Effective health management requires vaccination, monitoring, and biosecurity measures, which raise operational costs. Inadequate practices can impact product quality, market access, and profitability. Emerging pathogens due to climate change and intensive farming present additional risks. Maintaining fish and crustacean health while minimizing chemical use is a persistent challenge, requiring continuous R&D, advanced monitoring systems, and adherence to strict biosecurity protocols to sustain growth in the aquaculture sector.

Environmental and Operational Constraints

Aquaculture operations face challenges including water scarcity, pollution, and habitat disruption. Intensive farming practices can lead to waste accumulation, affecting local ecosystems. High capital and operational costs, especially for modern recirculating systems, limit scalability for small producers. Regulatory compliance, including environmental permits and food safety standards, adds complexity and cost. Climate variability affects water temperature and oxygen levels, impacting productivity. Overcoming these constraints requires investment in sustainable technologies, environmental management systems, and efficient resource utilization to maintain operational efficiency and ecological balance in aquaculture operations.

Analysis of Freshwater in Aquaculture Market

Freshwater aquaculture focuses on species such as tilapia, carp, catfish, and trout. It dominates production in Asia, Latin America, and parts of Europe. Freshwater systems include ponds, tanks, and recirculating aquaculture systems (RAS) that optimize growth conditions and reduce environmental impact. Advanced feeding practices, aeration, and water quality monitoring improve yield and reduce mortality. Growing demand for freshwater fish in domestic and export markets is driving investment in intensive and semi-intensive farming systems, making freshwater aquaculture a critical segment of the industry.

Analysis of Crustaceans in Aquaculture Market

Crustacean farming, including shrimp, prawn, and crab, is a high-value segment of aquaculture. Shrimp dominates production in Asia, particularly in India, Thailand, and Vietnam, while crabs are farmed in Europe and North America. Technological advancements in hatcheries, feed, and disease management enhance survival rates and productivity. High international demand for shrimp and prawns drives export-oriented growth. Sustainable practices and biosecurity measures are increasingly adopted to ensure quality, environmental compliance, and profitability in crustacean aquaculture.

Analysis of Animal Feed in Aquaculture Market

Aquafeed plays a crucial role in ensuring healthy growth, optimal nutrition, and disease resistance in farmed species. Feed formulations include fishmeal, plant proteins, and alternative ingredients like insect-based and microbial proteins to enhance sustainability. Pelletized and extruded feeds improve digestibility and reduce wastage. Advances in feed technology, such as nutrient optimization and functional additives, support faster growth and better survival rates. Rising awareness of feed quality and environmental impact is driving investments in innovative, sustainable aquaculture feed solutions.

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United States Aquaculture Market

The US aquaculture market is growing steadily, driven by seafood demand, technological adoption, and government support. Species like salmon, catfish, and shellfish dominate production. Recirculating aquaculture systems (RAS) and offshore farming are expanding, enhancing sustainability and efficiency. Federal initiatives promote research, innovation, and environmental compliance. High consumer awareness of traceable, quality seafood boosts market growth. The industry also focuses on disease management, feed innovation, and sustainable practices. Partnerships between private companies and research institutions further strengthen production capabilities. Rising domestic consumption and export opportunities are expected to sustain growth in the US aquaculture sector.

United Kingdom Aquaculture Market

The UK aquaculture market is dominated by salmon and shellfish production, with Scotland as the leading hub. Demand for sustainable, high-quality seafood drives investments in recirculating systems, offshore farms, and eco-friendly feed. Regulatory oversight ensures environmental protection and food safety, supporting consumer trust. Technological adoption, including AI-based monitoring and disease prevention, enhances operational efficiency. Government incentives and research initiatives promote innovation and sector growth. Export-oriented production, particularly of salmon, contributes significantly to revenue. Consumer preference for traceable, responsibly farmed seafood continues to influence production practices and market expansion in the UK.

China Aquaculture Market

China leads global aquaculture production, particularly freshwater species such as carp, tilapia, and shrimp. The country accounts for the majority of global fish output, driven by strong domestic consumption and export demand. Modernization of pond, cage, and recirculating systems, coupled with feed innovation, disease management, and genetic improvements, has enhanced productivity. Government policies supporting sustainable practices, technology adoption, and environmental regulations facilitate market expansion. China's extensive aquaculture infrastructure, growing seafood demand, and focus on export-quality production ensure continued dominance in the global aquaculture market, making it a key driver of industry growth worldwide.

India Aquaculture Market

India's aquaculture market is expanding rapidly, driven by rising domestic seafood consumption, export demand, and government initiatives like the Blue Revolution. Shrimp and freshwater fish farming are major contributors, with Andhra Pradesh, Tamil Nadu, and West Bengal as leading states. Technological adoption, including improved feed, hatchery practices, and disease management, is enhancing productivity. Sustainable practices and certification programs support quality and export compliance. Rising income levels and urbanization increase demand for protein-rich diets, while investments in recirculating systems and offshore farms expand production capacity. India is emerging as a major global aquaculture hub due to these growth factors.

Aquaculture Market Segments

Environment
• Freshwater
• Marine Water
• Brackish Water

Type
• Fish
• Crustaceans
• Mollusks
• Seaweed
• Aquatic Plants
• Others

End Use
• Food Industry
• Agriculture
• Animal Feed
• Others

Country - Market breakup in 25 viewpoints:

North America
• United States
• Canada

Europe
• France
• Germany
• Italy
• Spain
• United Kingdom
• Belgium
• Netherlands
• Turkey

Asia Pacific
• China
• Japan
• India
• Australia
• South Korea
• Thailand
• Malaysia
• Indonesia
• New Zealand

Latin America
• Brazil
• Mexico
• Argentina

Middle East & Africa
• South Africa
• United Arab Emirates
• Saudi Arabia

All companies have been covered from 5 viewpoints:
• Company Overview
• Key Persons
• Recent Development & Strategies
• SWOT Analysis
• Sales Analysis

Key Players Analysis
• Blue Ridge Aquaculture
• Cermaq ASA
• Cooke Aquaculture Inc.
• Eastern Fish Co.
• Huon Aquaculture Group Pty Ltd.
• International Fish Farming Co. - Asmak
• RoyMarine Harvest ASA
• Nireus Aquaculture S.A
• Promarisco
• Selonda Aquaculture S.A.

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