Product Code: 21432
The Global Aquaculture Market, valued at USD 40.64 Billion in 2024, is projected to experience a CAGR of 6.6% 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.
| Market Overview |
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 40.64 Billion |
| Market Size 2030 | USD 59.63 Billion |
| CAGR 2025-2030 | 6.6% |
| Fastest Growing Segment | Fresh Water |
| Largest Market | Asia Pacific |
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
- 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, in addition to the industry trends which have also been detailed below:
Aquaculture Market, By Environment:
- Marine Water
- Fresh Water
- Brackish Water
Aquaculture Market, By Fish Type:
- Carps
- Mollusks
- Crustaceans
- Mackerels
- Sea Bream
- Others
Aquaculture Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Global Aquaculture Market.
Available Customizations:
Global Aquaculture Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Aquaculture Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Environment (Marine Water, Fresh Water, Brackish Water)
- 5.2.2. By Fish Type (Carps, Mollusks, Crustaceans, Mackerels, Sea Bream, Others)
- 5.2.3. By Region
- 5.2.4. By Company (2024)
- 5.3. Market Map
6. North America Aquaculture Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Environment
- 6.2.2. By Fish Type
- 6.2.3. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Aquaculture Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Environment
- 6.3.1.2.2. By Fish Type
- 6.3.2. Canada Aquaculture Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Environment
- 6.3.2.2.2. By Fish Type
- 6.3.3. Mexico Aquaculture Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Environment
- 6.3.3.2.2. By Fish Type
7. Europe Aquaculture Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Environment
- 7.2.2. By Fish Type
- 7.2.3. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Aquaculture Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Environment
- 7.3.1.2.2. By Fish Type
- 7.3.2. France Aquaculture Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Environment
- 7.3.2.2.2. By Fish Type
- 7.3.3. United Kingdom Aquaculture Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Environment
- 7.3.3.2.2. By Fish Type
- 7.3.4. Italy Aquaculture Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Environment
- 7.3.4.2.2. By Fish Type
- 7.3.5. Spain Aquaculture Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Environment
- 7.3.5.2.2. By Fish Type
8. Asia Pacific Aquaculture Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Environment
- 8.2.2. By Fish Type
- 8.2.3. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Aquaculture Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Environment
- 8.3.1.2.2. By Fish Type
- 8.3.2. India Aquaculture Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Environment
- 8.3.2.2.2. By Fish Type
- 8.3.3. Japan Aquaculture Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Environment
- 8.3.3.2.2. By Fish Type
- 8.3.4. South Korea Aquaculture Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Environment
- 8.3.4.2.2. By Fish Type
- 8.3.5. Australia Aquaculture Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Environment
- 8.3.5.2.2. By Fish Type
9. Middle East & Africa Aquaculture Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Environment
- 9.2.2. By Fish Type
- 9.2.3. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Aquaculture Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Environment
- 9.3.1.2.2. By Fish Type
- 9.3.2. UAE Aquaculture Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Environment
- 9.3.2.2.2. By Fish Type
- 9.3.3. South Africa Aquaculture Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Environment
- 9.3.3.2.2. By Fish Type
10. South America Aquaculture Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Environment
- 10.2.2. By Fish Type
- 10.2.3. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Aquaculture Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Environment
- 10.3.1.2.2. By Fish Type
- 10.3.2. Colombia Aquaculture Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Environment
- 10.3.2.2.2. By Fish Type
- 10.3.3. Argentina Aquaculture Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Environment
- 10.3.3.2.2. By Fish Type
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Aquaculture Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. Nissui Corp
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. Alpha Aqua A/S
- 15.3. Aquaculture Technologies Asia Limited
- 15.4. Mowi ASA
- 15.5. Cooke Aquaculture Inc
- 15.6. P/F Bakkafrost
- 15.7. Thai Union Group PCL
- 15.8. Leroy Seafood Group ASA
- 15.9. Tassal Group Ltd
- 15.10. Cermaq Group AS
16. Strategic Recommendations
17. About Us & Disclaimer