Fish Farming - Global Strategic Business Report

The global market for Fish Farming was valued at US$307.7 Billion in 2024 and is projected to reach US$387.3 Billion by 2030, growing at a CAGR of 3.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Fish Farming market.

Global Fish Farming Market - Key Trends & Drivers Summarized

Why Is Fish Farming Emerging as a Core Component of Global Food Supply?

Fish farming, or aquaculture, involves the controlled breeding, rearing, and harvesting of aquatic species such as finfish, crustaceans, and mollusks. It has become one of the fastest-growing food production sectors globally, addressing increasing demand for protein-rich food and overfishing concerns in wild capture fisheries. Aquaculture ensures consistent supply of species like salmon, tilapia, catfish, carp, and shrimp across diverse markets.

As wild fish stocks decline and marine ecosystems face pressure from climate change and pollution, fish farming offers a more scalable and sustainable alternative. Inland pond systems, coastal cages, recirculating aquaculture systems (RAS), and offshore platforms are used depending on species, geography, and regulatory context. Demand for low-fat, high-protein food options, combined with rising seafood consumption in urban and middle-income populations, is accelerating investment in fish farming infrastructure and biosecure breeding systems.

How Are Farming Methods and Technology Evolving to Improve Yield and Sustainability?

Modern fish farming is moving towards intensification, automation, and environmental monitoring. Recirculating aquaculture systems are gaining popularity in land-constrained regions, as they reduce water usage and enable precise control over environmental parameters. Sensors for oxygen levels, temperature, ammonia, and biomass are supporting real-time decision-making. Automated feeding systems and AI-based analytics are optimizing growth rates and feed conversion efficiency.

Selective breeding, disease-resistant strains, and biosecurity measures are being implemented to minimize mortality and antibiotic use. Integrated multi-trophic aquaculture (IMTA) systems are being explored to reduce waste and balance ecosystem interactions by combining fish with algae and shellfish farming. Water treatment technologies and filtration units are improving effluent quality to comply with environmental standards. These advancements are increasing productivity while addressing concerns related to water use, disease outbreaks, and ecological impact.

Where Is Production Expanding and Which Species Dominate Farming Operations?

Asia-Pacific remains the largest contributor to global fish farming, led by China, India, Vietnam, and Bangladesh. These countries primarily produce freshwater species like carp, tilapia, and pangasius for domestic and export markets. Norway and Chile lead in cold-water species such as salmon, while Ecuador and Thailand dominate shrimp farming. Africa and Latin America are expanding aquaculture infrastructure due to rising food demand and favorable climate conditions.

Species selection is based on local feed availability, climatic compatibility, and market preferences. Tilapia, known for its fast growth and adaptability, is widely farmed across tropical and subtropical regions. Salmon farming remains intensive and export-driven, often requiring high-capital offshore installations and cold-water management. Shellfish, catfish, trout, and ornamental fish also contribute to regional diversity. As diets shift and urban populations grow, demand for consistent and safe fish products continues to rise.

What Is Driving Growth in the Fish Farming Market?

Growth in the fish farming market is driven by several factors related to protein demand, production technology, and ecosystem pressures on wild fisheries. Expansion of controlled breeding systems, sensor-based monitoring, and recirculating aquaculture infrastructure is improving yield efficiency and disease control. Rising seafood consumption, particularly in developing countries, is supporting investment in diverse farming systems and regional expansion. Growth is also reinforced by trade-driven species like salmon and shrimp, as well as government programs supporting aquaculture development to address nutritional security. As marine capture limits tighten and supply chains demand reliability, fish farming continues to expand as a scalable, technology-integrated solution for sustainable aquatic food production.

Scope of the Report

The report analyzes the Fish Farming market, presented in terms of market value (USD). The analysis covers the key segments and geographic regions outlined below:

• Segments: Environment (Marine Water, Fresh Water, Brackish Water); Fish Type (Salmon, Milkfish, Tuna, Tilapia, Catfish, Sea Bass, Other Fish Types).
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Marine Water segment, which is expected to reach US$253.2 Billion by 2030 with a CAGR of a 4.8%. The Fresh Water segment is also set to grow at 2.2% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $83.8 Billion in 2024, and China, forecasted to grow at an impressive 7.4% CAGR to reach $79.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Fish Farming Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Fish Farming Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Fish Farming Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Akai Foods, Inc., Aquabyte, Aquaculture of Texas Inc., Aquaculture Systems Technologies LLC, Aquafarm Equipment AS and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 39 companies featured in this Fish Farming market report include:

• Akai Foods, Inc.
• Aquabyte
• Aquaculture of Texas Inc.
• Aquaculture Systems Technologies LLC
• Aquafarm Equipment AS
• AquaMaof Aquaculture Technologies Ltd
• Atlantic Sapphire
• Cermaq Group AS
• Cooke Aquaculture Inc.
• Grieg Seafood ASA
• Innovasea Systems
• Leroy Seafood Group ASA
• Marine Harvest / Mowi ASA
• Nueva Pescanova
• Pacific Seafood
• SalMar ASA
• Salmon Evolution
• Shinkei Systems
• Unima
• Thai Union Group PCL

This edition integrates the latest global trade and economic shifts into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes historical analysis from 2015 to 2023.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025 (E), competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.