Aquaculture Market Size, Share, Trends and Forecast by Fish Type, Environment, Distribution Channel, and Region 2025-2033

Aquaculture Market Size, Share, Trends and Forecast by Fish Type, Environment, Distribution Channel, and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112024A3167
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Aquaculture Market Size and Share:

The global aquaculture market size was valued at 82.8 Million Tons in 2024. Looking forward, IMARC Group estimates the market to reach 122.9 Million Tons by 2033, exhibiting a CAGR of 4.03% during 2025-2033. Asia Pacific currently dominates the market, holding a market share of over 90.7% in 2024. The increasing innovations in aquaculture technology, diverse product offerings, rising health awareness among consumers, growth of the urban population, and the escalating export opportunities are some of the factors driving the market across Asia Pacific.

Report Attribute
Key Statistics
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024 82.8 Million Tons
Market Forecast in 2033 122.9 Million Tons
Market Growth Rate 2025-2033 4.03%


The growing need for sustainable food supplies is one important factor. Aquaculture has emerged as a feasible alternative for satisfying protein needs while decreasing environmental strain as a result of the increasing pressure on traditional farming methods caused by the growing world population. The decline in wild fish stocks is another aspect driving the market. As natural fish populations are declining due to overfishing and environmental degradation, aquaculture is a vital way to provide a consistent and dependable supply of fish and shellfish. This change promotes both food security and marine habitat preservation. Additionally, consumer behavior is being influenced by the growing popularity of functional foods. As per the IMARC GROUP, the global functional foods market is expected to exhibit a CAGR of 5.7% during 2024-2032. As the health advantages of seafood, which is high in omega-3 fatty acids, vitamins, and minerals, become more widely acknowledged, consumers are being encouraged to eat more items derived from aquaculture.

Aquaculture Market Size

The United States has emerged as a key regional market for aquaculture. The United States aquaculture market is driven by a greater emphasis on locally sourced and sustainable food production. Consumers and policymakers are seeking lesser reliance on imported seafood and more ecologically friendly agricultural methods. Advancements in sophisticated aquaculture methods, such as recirculating aquaculture systems, or RAS, and offshore aquaculture, improves production efficiency and environmental sustainability. It addresses issues with water use, waste management, and habitat conservation for a greater industrial integration. In addition, an increasing appetite for fresher, locally caught seafood, such as salmon, shrimp, and oysters, is fed by growing knowledge of the health benefits associated with eating seafood rich in omega-3 fatty acids and other nutritional value. As per the IMARC GROUP, the United States seafood market exhibits a CAGR of 1.80% during 2024-2032. Regulatory assistance, through subsidies and incentives from governmental bodies such as NOAA, is supporting further growth at aquaculture operations.

Aquaculture Market Trends:

Increasing Adoption of New Technologies

The escalating number of new technologies in the fish cultivation sector is majorly driving the aquaculture market size. When combined effectively and innovatively, these advancements pose a new level of aquaculture operators’ productivity, efficiency, and sustainability. Thus, automated feeding mechanisms feed fish right on schedule so that there are no leftovers, and fish are fed healthily. Additionally, water quality sensors and monitoring tools provide real-time control and necessary adjustments. Using genetically modified fish via biotechnology and selective breeding, fish have become faster-growing and more disease-resistant. On 22nd and 23rd March 2024, the ICAR-Central Institute of Brackishwater Aquaculture, Chennai organised a two-day programme on Smart Aquaculture 2024 to encourage the implementation of AI and IoT in the management of farms, farm water, farm feed, farm health, and farm supply chain. Furthermore, data science and AI enable forecasting; thus, recirculating aquaculture systems, wherein only a small portion of water is used and re-used, become more competitive and highly adaptive, which makes land-based aquaculture operators more competitive as well. Such feeding approaches are sufficient for satisfying the growing global demand for seafood and allow for compliance with sustainability requirements, making aquaculture such a growing industry.

Rising Demand for Seafood Products

The industry is capitalizing on the rising demand for seafood products. This can be supported by dietary choices that cannot be met by the overexploited traditional fisheries, while other wild fisheries are being depleted. "Fish Consumption in India: Patterns and Trends," a study released by the Indian Council of Agricultural Research, Ministry of Agriculture and Farmers’ Welfare, Government of India, and WorldFish, reveals that 72.1% of India’s population, or 967 million individuals, consumed fish. The study included the collection of primary data from multiple Government sources such as National Family Health Survey reports covering about 15 years. However, aquaculture, as a competent and sustainable producer, can supply many aquatic species that are in high demand. Along with this, consumers are consuming seafood diets at a factual level due to their nutritional values. Furthermore, many individuals have embraced seafood for its low fat and omega-3 fatty acids. Additionally, the rapidly growing global middle class, mostly located in emerging markets, is increasing its income, which now can afford to purchase seafood. Therefore, this is positively influencing the aquaculture market price. Aquaculture is capable of producing many aquatic species cons humorously in the chosen environments. Therefore, this is further creating a positive aquaculture market outlook.

Growing Consumption of Organic Seafood Items

The consumption of organic seafood items is increasingly contributing to aquaculture industry growth. Multiple countries are major players in global seafood markets with varying production and consumption profiles. According to trade map data, the top countries importing seafood in 2019 were the US (15% of global trade by value), China (12%), Japan (9%), Spain (6%), and France (4%). For numerous consumers across the globe, the importance of eating properly and healthily is becoming more apparent, making organic seafood a popular choice. Thus, this is further contributing to the large size of the aquaculture industry. Along with this, organic aquaculture employs environmentally and ethically conscious methods, minimizing the use of antibiotics and chemicals. This results in safer food options, aligning with consumer preferences for safer purchases. Organic seafood is particularly suitable for consumers who wish to avoid contaminants. In addition, the accelerating shift toward organic and healthier food options is driving this market trend in aquaculture, emphasizing sustainability and responsibility. Moreover, organic aquaculture is leading the way with sustainable and responsible fishing techniques, aiming to conserve fish populations for future generations.

Aquaculture Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global aquaculture market, along with forecasts at the global, country, and regional levels for 2025-2033. Our report has categorized the market based on fish type, environment, and distribution channel.

Analysis by Fish Type:

  • Freshwater Fish
  • Molluscs
  • Crustaceans
  • Others
     

Freshwater fish leads the market with around 46.2% of market share in 2024. The specific species of freshwater fish found in tilapia, catfish, and carp are considered some of the most desirable due to their general appeal and adaptability. With high growth rates, relative ease of aquaculture, and ability to grow under contrasting environmental conditions, these fish are amongst the preferred choices for aquaculture. Moreover, the need for lean types of meat, furled by a global promotion of healthy eating, aligns with the further supply of protein-rich goods. Therefore, with the increasing consumer interest in freshwater fish, aquaculture producers prioritize its cultivation, ensuring relevant and necessary aspects are widely available and accessible. According to the aquaculture market forecast, expected progress in breed knowledge and established best practices in farming will ensure the necessary varieties of products are delivered without fail, driving the market without periods of low availability.

Analysis by Environment:

  • Fresh Water
  • Marine Water
  • Brackish Water
     

Fresh water leads the market with around 46.2% of market share in 2024. These environments, including rivers, lakes, and ponds, provide suitable habitats for various aquatic species typically bred for commercial purposes. Freshwater aquaculture presents several advantages, such as relatively low operating costs, ease of connectivity, and minimal harm to the external ecosystem compared to marine aquaculture. Along with this, the availability of abundant freshwater aids in the breeding of popular species such as tilapia, catfish, and carp, thus contributing significantly to enhancing the aquaculture market value. Furthermore, freshwater ecosystems often act as excellent breeding grounds due to the low salinity, simplifying production activities. This aquaculture industry trend supports environmental responsibility by eliminating the need for more exploitation of such vulnerable ecosystems. With the responsible use of freshwater sources, the sector can fulfil market demands while acknowledging the need for resource conservation.

Analysis by Distribution Channel:

  • Traditional Retail
  • Supermarkets and Hypermarkets
  • Specialized Retailers
  • Online Stores
  • Others
     

Traditional retail leads the market with around 32% of market share in 2024. The demand for aquaculture is also supported by traditional retail, serving as a cornerstone for market expansion. This sector includes physical stores, fish markets, and local seafood retailers, which have historically been the main suppliers of seafood to consumers. The significance of traditional retail is supported by several factors. Additionally, it offers accessibility and a wide range of seafood selections, from fresh and frozen to processed products. In addition, the opportunity for physical selection of goods enhances consumer confidence in their quality and suitability for consumption. Moreover, traditional retailers often maintain direct trade relations with local producers, ensuring a constant supply of fresh seafood. Through these channels, consumers can purchase quality, environmentally friendly, and locally sourced seafood, aligned with their preferences for freshness and environmental care. Additionally, these factors support the promotion of aquaculture products, raising consumer awareness and encouraging responsible purchasing decisions.

Regional Analysis:

Aquaculture Market by Region

  • Asia Pacific
    • China
    • Indonesia
    • India
    • Vietnam
    • Philippines
    • South Korea
    • Japan
    • Thailand
    • Malaysia
    • Australia
    • Others
  • Latin America
    • Chile
    • Brazil
    • Ecuador
    • Mexico
    • Others
  • Europe
    • Norway
    • Spain
    • Russia
    • United Kingdom
    • France
    • Italy
    • Greece
    • Netherlands
    • Ireland
    • Denmark
    • Germany
    • Others
  • Middle East and Africa
    • Egypt
    • Turkey
    • Saudi Arabia
    • Others
  • North America
    • United States
    • Canada
       

In 2024, Asia-Pacific accounted for the largest market share of over 90.7%. The Asia Pacific currently holds the most powerful and largest segment in the worldwide aquaculture market. This achievement has been possible due to the extensive and well-developed activities in countries such as China, India, Vietnam, and Indonesia. China, in particular, is a key player in this success, as it actively provides both the Asian and global markets with the products of farming aquatic species. The market spot of the region can be further explained by the optimal climatic and rich biodiversity conditions, as well as the abundant presence of water bodies, which naturally favor aquaculture. Additionally, the majority of governments facilitate this process through financial subsidies and modernization programs, as well as favorable policies create a positive climate for developing the industry. Asia Pacific also has the highest demand for aquatic food, primarily due to cultural and historical background; as the consumption of seafood is generally less stigmatized and more sustainable, the region combines both the highest supply and the most efficient mechanisms of production.

Key Regional Takeaways:

United States Aquaculture Market Analysis

In 2024, United States accounts for over 70% of the aquaculture market in North America. The country focuses on high-value species such as salmon and shrimp, filling local demand for sustainable and locally sourced seafood. Developments such as NOAA's "Aquaculture Opportunity Areas" are promoting offshore aquaculture, and technological breakthroughs such as RAS improve efficiency and mitigate impacts on the environment. Strong consumer demand for high-value seafood products and environmentally responsible practices boosts investment in infrastructure and technology. The U.S. Department of Agriculture invested USD 75 million in research during 2024 to promote sustainable aquaculture practices. Companies such as Cooke Aquaculture and BlueNalu are creating products for changing consumer demands. Although its share in the overall world production is meagre, the US market supports the needs for sustainability and will experience growth as there is increasing awareness about benefits from seafood consumption.

Europe Aquaculture Market Analysis

The region is dominated by Norway and Scotland's salmon production and represents more than 30% of regional production, while France and Spain focus on shellfish culture. Regulatory frameworks such as the EU's Common Fisheries Policy aim to promote sustainability. Organic and sustainably sourced seafood are on increasingly high demand by health-conscious consumers. Climate-resistant aquaculture systems such as recirculating aquaculture systems (RAS) are gaining popularity across Europe. Leaders in the market, such as Mowi and Leroy Seafood Group, are adopting advanced technologies for production and sustainability, and Europe is emerging at a leadership position in the premium aquaculture markets due to focus on innovation and eco-friendly practices.

Asia Pacific Aquaculture Market Analysis

The three countries leading other Asia Pacific nations are China, India, and Indonesia, with their increased seafood export and rising domestic consumption. Over 60% of regional production comes from China, which has adopted integrated multi-trophic aquaculture (IMTA) systems with advanced technology. Government initiatives such as India’s Pradhan Mantri Matsya Sampada Yojana (USD 3 billion investment) are enhancing production capacity and sustainability. Technological innovations, including IoT-based monitoring and AI-driven feed optimization, are transforming the aquaculture landscape. Increasing urbanization and a growing middle-class population are fuelling demand for high-quality seafood. Regional companies, such as Nippon Suisan Kaisha and Thai Union Group, are making massive investments in sustainable practices and innovative farming methods that are further cementing Asia Pacific's hold on global aquaculture.

Latin America Aquaculture Market Analysis

Chile leads with salmon farming, while shrimp export contributes significantly to Ecuador's economy. The regional development in this sector is promoted by the government's investment initiatives. Latin America is gaining immense momentum as a regional player, boasting of high demand for sustainable practices and increasing exports.

Middle East and Africa Aquaculture Market Analysis

Egypt leads with tilapia farming, whereas Saudi Arabia's Vision 2030 aims for 600,000 tons of annual production, which will be supported by USD 200 million investments. Innovations such as RAS and government-backed initiatives such as those in the UAE and Kenya will promote sustainable growth. Increasing demand for protein-rich diets encourages regional aquaculture development.

Competitive Landscape:

Major companies are enhancing market dynamics and growth through strategic actions and innovations. These leading entities in research and development are advancing aquaculture practices, fostering healthier fish, and mitigating environmental impacts. They are pioneers in developing Recirculating Aquaculture Systems (RAS), which are efficient systems that consume less water and recycle it, promoting sustainable aquaculture. Furthermore, these leading firms are venturing into alternative species to meet rapidly changing consumer preferences, thereby appealing to emerging consumer needs and creating new business lines. These aquaculture firms are also addressing global environmental concerns by promoting events and responsible aquaculture certifications. They have expanded their global supply through distribution networks, ensuring a steady supply for seafood consumers. Additionally, these companies are achieving optimal employment levels and training experts to support the sector’s operations in the long run.

The report provides a comprehensive analysis of the competitive landscape in the aquaculture market with detailed profiles of all major companies, including:

  • Aquaculture of Texas Inc.
  • Aquaculture Systems Technologies, L.L.C.
  • Aquafarm Equipment AS
  • Cermaq
  • Cooke Aquaculture Inc
  • CPI Equipment Inc.
  • Frea Aquaculture Solutions
  • Farallon Aquaculture, SA
  • Huon Aquaculture Group Ltd
  • International Fish Farming Holding Co. - Asmak
  • Leroy Seafood Group
  • Nireus Aquaculture
  • SELONDA Aquaculture SA
  • Stehr Group
  • Stolt-Nielsen Limited
  • Tassal
  • Thai Union Group
     

Latest News and Developments:

  • November 21, 2024: Cascadia Seaweed, the largest cultivator and processor of seaweed-derived agricultural products in North America, announced successful first close of its Series A Funding Round, securing CAD 4 million from investor WWF Impact (the impact investing arm of World Wildlife Fund US), Vere Ventures, Potato Impact Partners, VertueLab Climate Impact Fund, Realize Impact, the Real Estate Foundation of British Columbia, Norfolk Green Ventures, and other valued investors. With the funding, Cascadia Seaweed will build a commercial-scale seaweed biorefinery on the West Coast, expand biomass production, and increase sales and marketing of its liquid kelp extracts, biostimulants, and livestock products.
  • November 05, 2024: Prime Shrimp announced that it is expanding to over 200 locations at Whole Foods Market across the U.S. with responsibly farmed, easy-to-cook shrimp varieties, vacuum-packed in cook-in-pouch bags emphasizing the aspects of sustainability, convenience, and high-quality aquaculture standards.
  • April 04, 2024: Cognizant announced its new partnership with Cermaq Group AS. Cermaq Group AS is a global salmon producer leading the shift of systems to better and more climate-safe food.
  • August 03, 2023: Aquaculture of Texas Inc. that it has entered into a merger agreement with Yotta Acquisition Corp. This is the country’s inaugural transaction employing a special purpose acquisition company in the seafood sector.
     

Aquaculture Market Report Scope:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units Million Tons
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
  • Fish Type
  • Environment
  • Distribution Channel 
  • Region
Fish Types Covered Freshwater Fish, Molluscs, Crustaceans, Others
Environments Covered Fresh Water, Marine Water, Brackish Water
Distribution Channels Covered Traditional Retail, Supermarkets and Hypermarkets, Specialized Retailers, Online Stores, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered China, Indonesia, India, Vietnam, Philippines, South Korea, Japan, Thailand, Malaysia, Australia, Chile, Brazil, Ecuador, Mexico, Norway, Spain, Russia, United Kingdom, France, Italy, Greece, Netherlands, Ireland, Denmark, Germany, Egypt, Turkey, Saudi Arabia, United States, Canada
Companies Covered Aquaculture of Texas Inc., Aquaculture Systems Technologies, L.L.C., Aquafarm Equipment AS, Cermaq, Cooke Aquaculture Inc., CPI Equipment Inc., Frea Aquaculture Solutions, Farallon Aquaculture, SA, Huon Aquaculture Group Ltd, International Fish Farming Holding Co. -Asmak, Leroy Seafood Group, Nireus Aquaculture, SELONDA Aquaculture SA, Stehr Group, Stolt-Nielsen Limited, Tassal, Thai Union Group, etc.
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the aquaculture market from 2019-2033.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the global aquaculture market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the aquaculture industry and its attractiveness.
  • The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.

Key Questions Answered in This Report

The cultivation of aquatic species, such as fish, shellfish, and plants, in regulated settings such as tanks, ponds, or marine enclosures is known as aquaculture. It is employed in the production of food, the restoration of ecosystems, and for economic endeavors such as the trade in ornamental fish. Aquaculture meets the increasing demand for aquatic products worldwide while promoting a sustainable seafood supply by lowering dependency on wild fisheries.

The global aquaculture market was valued at 82.8 Million Tons in 2024.

IMARC estimates the global aquaculture market to exhibit a CAGR of 4.03% during 2025-2033.

The increasing population worldwide and demand for protein-rich food sources, exhaustion of wild fish stock on account of overfishing and environmental changes, increasing investments and support from governments for aquaculture development are driving the aquaculture market.

According to the report, freshwater fish represented the largest segment by fish type, driven by their capacity to adapt to a variety of farming environments, reduced production costs, and the strong demand for species such as catfish and tilapia in domestic and international markets.

Fresh water leads the market by environment owing to as it is inexpensive, abundantly available, and appropriate for raising a variety of aquatic species that are highly adopted worldwide, such as carp, tilapia, and catfish.

The traditional retail is the leading segment by distribution channel, driven by its broad availability, consumer confidence, and the ease of instant product availability.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, wherein Asia Pacific currently dominates the global market.

Some of the major players in the global aquaculture market include Aquaculture of Texas Inc., Aquaculture Systems Technologies, L.L.C., Aquafarm Equipment AS, Cermaq, Cooke Aquaculture Inc., CPI Equipment Inc., Frea Aquaculture Solutions, Farallon Aquaculture, SA, Huon Aquaculture Group Ltd, International Fish Farming Holding Co. -Asmak, Leroy Seafood Group, Nireus Aquaculture, SELONDA Aquaculture SA, Stehr Group, Stolt-Nielsen Limited, Tassal, Thai Union Group, etc.

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Aquaculture Market Size, Share, Trends and Forecast by Fish Type, Environment, Distribution Channel, and Region 2025-2033
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