Aquaculture Market - Global Industry Size, Share, Trends, Opportunity, & Forecast, 2020-2030

Fresh Water is the fastest growing segment, Asia-Pacific is the largest market globally

The Global Aquaculture Market, valued at USD 40.64 Billion in 2024, is projected to experience a CAGR of 6.60% to reach USD 59.63 Billion by 2030. Aquaculture, defined as the controlled cultivation of aquatic organisms including fish, shellfish, and plants in various aquatic environments, represents a critical component of global food supply. This market’s expansion is primarily driven by the escalating worldwide demand for protein, the depletion of wild fish stocks due to overfishing, and ongoing technological advancements enhancing farming efficiency.

Key Market Drivers

The aquaculture market is experiencing robust expansion, fundamentally underpinned by its critical role in global food security and protein supply. Global aquaculture production was valued at USD 312.8 billion in 2022, according to the FAO. A primary impetus behind this growth is increasing global seafood demand. As wild fisheries face persistent overexploitation, aquaculture remains the only viable pathway to augment aquatic food supplies for a growing world population. This escalating consumer demand is evidenced by a rising preference for seafood as a healthy protein source. According to the FAO, in 2022, global per capita annual consumption of aquatic animal foods rose to 20.7 kg, reflecting an upward trajectory in dietary patterns worldwide.

Key Market Challenges

Escalating operational costs pose a significant challenge to the sustained expansion of the global aquaculture market. Feed expenses represent a primary component of these costs, exerting considerable financial pressure on producers. This directly impacts the profitability of aquaculture operations, as higher input costs reduce margins even with stable or rising product prices. Reduced profitability can in turn hinder investment in new technologies, infrastructure, and species diversification, which are crucial for market development and efficiency improvements.

Key Market Trends

The global aquaculture market is significantly influenced by the increasing prevalence of value-added aquatic products. This trend reflects a market shift towards processed and convenient seafood options that offer consumers ease of preparation and extended shelf life. Producers are increasingly transforming raw aquatic products into consumer-ready formats, such as pre-portioned fillets, ready-to-cook meals, and smoked or cured items. This diversification meets modern lifestyle demands, where convenience and minimal cooking time are highly valued. For example, the expansion of the frozen seafood segment significantly contributes, providing consistent quality and availability irrespective of seasonal variations.

Key Market Players Profiled:

• Nissui Corp
• Alpha Aqua A/S
• Aquaculture Technologies Asia Limited
• Mowi ASA
• Cooke Aquaculture Inc
• P/F Bakkafrost
• Thai Union Group PCL
• Leroy Seafood Group ASA
• Tassal Group Ltd
• Cermaq Group AS

Report Scope:

In this report, the Global Aquaculture Market has been segmented into the following categories:

By Environment:

• Marine Water
• Fresh Water
• Brackish Water

By Fish Type:

• Carps
• Mollusks
• Crustaceans
• Mackerels
• Sea Bream
• Others

By Region:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Aquaculture Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

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