Aquaculture Market Overview and Growth by 2031

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031

Aquaculture Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Fish, Aquatic Plants, Crustaceans, Molluscs, and Others), Culture Environment (Freshwater, Marine Water, and Brackish Water), and Geography.

  • Report Date : Aug 2025
  • Report Code : TIPRE00005135
  • Category : Food and Beverages
  • Status : Data Released
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150

The aquaculture market value is expected to reach US$ 406.44 billion by 2031 from US$ 289.66 billion in 2024; it is expected to record a CAGR of 4.3% during the forecast period. The growing implementation of Recirculating Aquaculture Systems (RAS) technology across the globe farming of fishes and other aquatic species by reusing the water is likely to remain key aquaculture market trends.

Aquaculture Market Analysis

The Food and Agriculture Organization of the United Nations (UN FAO) has acknowledged a gap between seafood supply and demand for the future. It is forecasted that the demand for seafood by 2030 will exceed 260 million tons and the estimated supply by the current production rate will be 210 million tons. Thus, aquaculture is considered a capable source to meet the increased demand for seafood. Also, there are few certifications and standards associated with the seafood production for the sustainable environment. The World Wildlife Fund for Nature (WWF) and the Dutch Sustainable Trade Initiative (IDH) have come up with the Aquaculture Stewardship Council (ASC) which was initiated in the year 2010. The goal of this council is to transform the world’s seafood markets to promote social aquaculture performance.

Aquaculture Market Overview

Aquaculture includes farming of fish, aquatic plants, algae, crustaceans, molluscs, and other aquatic organisms. Small-scale aquaculture markets in developed and developing countries make critical contributions to employment. According to the Food and Agriculture Organization (FAO), aquaculture provides employment to more than 41 million people globally. The fish production constitutes majority of aquaculture activities in developing countries owing to the rising demand for seafood.  Fish and other seafood species constitute an important source of nutrients for the people below poverty line and are amongst the cheapest form of animal protein. Aquaculture is considered as an important sector to meet rising fish demand, which will continue to increase with population growth, rising incomes, and increasing urbanization.

Customize This Report To Suit Your Requirement

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Aquaculture Market: Strategic Insights

aquaculture-market
  • Get Top Key Market Trends of this report.
    This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Aquaculture Market Drivers and Opportunities

Surge in Demand and Consumption of Seafood to Drive Market

Seafood, specifically fish is the part of traditional food in many regions. Also, fish is largely consumed owing to its nutritional benefits and several health benefits. It is considered as a good source of fatty acids, vitamins, minerals, protein, and essential micronutrients. Increase in disposable income and spending power of consumer also upsurge their spending on animal proteins such as seafood as compared to other food categories. Currently, high growth in population and increased popularity of seafood as a healthy source of protein have fuelled the growth of aquaculture market.

Application of Fish Oil in Several Industries – An Opportunity in Aquaculture Market

Aquaculture is an efficient method for fish production, which is ecologically effective and requires less costs as these ventures can be operated at large as well as small-scale. The high growth in demand for fish oil is generating a need for more fish production, thus, boosting the demand for aquaculture in the near future. Fish oil is largely used as a dietary supplement, healthcare, pharmaceutical, and food industry. It is an efficient source of vitamin A and D and is considered the most significant vitamin source for human consumption after wild fish.

Aquaculture Market Report Segmentation Analysis

Key segments that contributed to the derivation of the aquaculture market analysis are type and application.

  • In terms of product type, the market is bifurcated into fish, aquatic plants, crustaceans, molluscs, and others. The fish segment dominated the market in 2023.
  • Based on culture environment, the aquaculture market is divided into freshwater, marine water, and brackish water. Marine segment held a larger market share in 2023.

Aquaculture Market Share Analysis by Geography

The geographic scope of the aquaculture market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.

The Asia Pacific aquaculture market has experienced a huge shift over the years. The production and consumption rate of seafood is expanding rapidly with China and India being the major markets for the aquaculture industry. The Asia Pacific has evolved as the largest consumers and exporter of aquaculture products. Fisheries and aquaculture production are one of the major sectors contributing significantly to the economic growth of Asia-Pacific countries. However, the economic contribution of aquaculture production is less in the South and the Southeast Asian states. Seafood products are among the most traded commodities in the Asia Pacific region that bring valuable foreign exchange earnings in this region. Over the past few years, developing countries such as India and Thailand have become net exporters of fish, and a similar trend is projected to boost the aquaculture market in Asia Pacific over the coming years.

Aquaculture Market Regional Insights

The regional trends and factors influencing the Aquaculture Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Aquaculture Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

aquaculture-market-global-geography
  • Get the Regional Specific Data for Aquaculture Market

Aquaculture Market Report Scope

Report Attribute Details
Market size in 2024 US$ 289.66 Billion
Market Size by 2031 US$ 406.44 Billion
Global CAGR (2025 - 2031) 4.3%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Product Type
  • Fish
  • Aquatic Plants
  • Crustaceans
  • Molluscs
By Culture Environment
  • Freshwater
  • Marine Water
  • Brackish Water
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Bakkafrost
  • Blue Ridge Aquaculture, Inc.
  • Cermaq Group AS
  • Cooke Aquaculture Inc
  • Danish Salmon A/S
  • Farallon Aquaculture Group
  • FIFAX AB
  • HESY Aquaculture B.V.
  • Ler?

  • Aquaculture Market Players Density: Understanding Its Impact on Business Dynamics

    The Aquaculture Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Aquaculture Market are:

    1. Bakkafrost
    2. Blue Ridge Aquaculture, Inc.
    3. Cermaq Group AS
    4. Cooke Aquaculture Inc
    5. Danish Salmon A/S
    6. Farallon Aquaculture Group

    Disclaimer: The companies listed above are not ranked in any particular order.


    aquaculture-market-cagr

    • Get the Aquaculture Market top key players overview

    Aquaculture Market News and Recent Developments

    The aquaculture market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion and strategies:

    • In June 2021, JBS S.A. announced an agreement to acquire 100% of Huon Aquaculture, Australia's second-largest salmon producer. This is a strategic acquisition, which marks the entry of JBS into the aquaculture business. (Source: JBS S.A., Press Release)
    • In Jan 2022, With the acquisition of Munkebo Seafood, Bakkafrost can now offer a wider range of products. Bakkafrost offers fresh, frozen, and smoked salmon products, and now canned food is added.  Bakkafrost has a global sales network, and Munkebo Seafood’s products will now be offered in a wider market as a supplement to Bakkafrost's other consumer packaged products. (Source: Bakkafrost, Newsletter)

    Aquaculture Market Report Coverage and Deliverables

    The “Aquaculture Market Size and Forecast (2023–2031)” report provides a detailed analysis of the market covering below areas:

    • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Market dynamics such as drivers, restraints, and key opportunities
    • Key future trends
    • Detailed PEST/Porter’s Five Forces and SWOT analysis
    • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
    • Detailed company profiles
    Shejal Jamdade
    Shejal Jamdade
    Associate Vice President,
    Market Research & Consulting

    With over 12 years of experience in managing custom research projects, Shejal is a seasoned research professional with deep cross-sector expertise spanning Chemicals & Materials, Food & Beverages, Biotechnology, and Consumer Goods. She excels in end-to-end project management, advanced data modelling, and providing strategic support to clients.

    Shejal has successfully led a wide range of high-impact research engagements, consistently guiding clients through complex business challenges and enabling informed decision-making. Her ability to blend analytical rigor with industry knowledge has made her a trusted advisor for clients seeking data-driven strategies and actionable insights. Dedicated to excellence and precision, Shejal continues to play a pivotal role in transforming business objectives into research-driven outcomes.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

    Testimonials

    user

    I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.

    DR CHIJIOKE ONYIA, MANAGING DIRECTOR, PineCrest Healthcare Ltd.
    user

    The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services

    Yukihiko Adachi CEO, Deep Blue, LLC.

    Reason to Buy

    • Informed Decision-Making
    • Understanding Market Dynamics
    • Competitive Analysis
    • Customer Insights
    • Market Forecasts
    • Risk Mitigation
    • Strategic Planning
    • Investment Justification
    • Identifying Emerging Markets
    • Enhancing Marketing Strategies
    • Boosting Operational Efficiency
    • Tracking Industry Innovations
    • Aligning with Regulatory Trends
    Your Key Concerns Addressed - Question & Answer
    Can I view a sample of the report before purchasing?

    Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.

    Is analyst support included with the purchase?

    Absolutely — analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.

    What are the next steps once I place an order?

    Once your order is successfully placed, you will receive a confirmation email along with your invoice.

    • For published reports: You’ll receive access to the report within 4–6 working hours via a secured email sent to your email.
    • For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.

    Can the report be tailored to suit my specific needs?

    We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we’ll be happy to provide a customized proposal or scope.

    In what format is the report delivered?

    The report is available in either PDF format or as an Excel dataset, depending on the license you choose.

    The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
    Please review the license options at checkout or contact us to confirm which formats are included with your purchase.

    How secure is the payment process on your platform?

    Our payment process is fully secure and PCI-DSS compliant.

    We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
    You can make your purchase with confidence, knowing your personal and financial information is safe with us.

    Do you provide special pricing for buying multiple reports?

    Yes, we do offer special pricing for bulk purchases.
    If you're interested in purchasing multiple reports, we’re happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you’re considering, and we’ll share a personalized quote.

    Can I connect with your team to discuss the report before buying?

    Yes, absolutely.
    Our team is available to help you make an informed decision. Whether you have questions about the report’s scope, methodology, customization options, or which license suits you best, we’re here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.

    Will I get a billing invoice upon purchase?

    Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
    If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we’ll be happy to assist.

    Is there support available if I can’t access my report?

    Yes, certainly.
    If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we’ll ensure the issue is resolved quickly so you can access your report without interruption.

    Our Clients
    Sales Assistance
    US: +1-646-491-9876
    UK: +44-20-8125-4005
    Email: sales@theinsightpartners.com
    Chat with us
    DUNS Logo
    87-673-9708
    ISO Certified Logo
    ISO 9001:2015
    ISO Certified Logo