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LSH
The aquaculture market will grow at a CAGR of 4.95% to reach US$425.39 billion in 2030 from US$334.10 billion in 2025.
Aquaculture, commonly known as aqua farming, is the methodical cultivation of aquatic organisms and plants under controlled conditions. This comprehensive approach involves careful management of aquatic life, including processes such as breeding, rearing, and eventual harvest. The practice extends to various water environments, encompassing rivers, ponds, lakes, oceans, freshwater bodies, and brackish waters. One of the primary objectives of aquaculture is the conservation of endangered species, as it provides a controlled environment for their reproduction and growth.
Market Trends:
- Growing demand for aquaculture products due to their health benefits is driving market growth.
The rising popularity of fish oil, known for its high omega-3 fatty acid content, is expected to fuel market expansion. Omega-3 fatty acids are widely recognized for their therapeutic properties, particularly in reducing the risk of cardiovascular diseases and lowering blood fat levels. According to the Marine Ingredients Organisation (IFFO), approximately 75% of fish oil is now used in aquaculture, 15% for human consumption, and 10% for other purposes, indicating a slight increase in aquaculture usage compared to 2020.
- The trend of producing fishmeal and fish oil from fish processing by-products is gaining momentum, contributing to waste reduction. While fish fillets are the most valuable protein source, other parts such as heads, frames, cut-offs, belly flaps, and specific viscera components like liver and roe are rich in essential nutrients. These include long-chain omega-3 fatty acids, vitamins A, D, and B12, and minerals such as iron, zinc, calcium, phosphorus, and selenium. In July 2022, the National Institutes of Health (NIH) highlighted in a fact sheet that the American Heart Association (AHA) recommends consuming one to two servings of seafood weekly to reduce the risk of heart disease, especially when replacing less healthy food options. For individuals with heart disease, the AHA suggests a daily intake of about 1 gram of EPA and DHA, preferably from oily fish, with supplements as an alternative under medical supervision.
Aquaculture Market Geographical Outlook:
- The Asia Pacific aquaculture market is projected to experience steady growth.
Fisheries play a crucial role in the Indian economy, with India being the second-largest fish producer globally after China. In 2023, India's total fish production reached 16.2 million metric tons, with aquaculture accounting for nearly 75% of this output. Factors such as population growth, changing dietary preferences, and rising disposable incomes are further driving the growth of the Indian aquaculture market. Additionally, the Indian government has implemented various initiatives to support the sector. For example, the National Fisheries Development Board (NFDB) was established to promote and develop fisheries and aquaculture, providing financial assistance to farmers and entrepreneurs. Private organizations are also contributing to the sector's growth. For instance, in November 2022, Tamil Nadu Dr. J. Jayalalithaa Fisheries University introduced insurance schemes for freshwater fish and shrimp farming on World Fisheries Day. This initiative aims to ensure continuous production by offering affordable finance and insurance. Public-private partnerships, advancements in farming technologies, and improved digital literacy among farmers are expected to further boost the Indian aquaculture market in the coming years.
Some of the major players covered in this report include Cooke Aquaculture Inc, MOWI ASA, Nireus Aquaculture SA (Andromeda Seafood), Tassal, Blue Ridge Aquaculture Inc, Cermaq, Stolt Sea Farm Limited, Stehr Group, Maruha Nichiro Corporation, Leroy Seafood Group among others.
Key Benefits of this Report:
- Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
- Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
- Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
- Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
- Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
- Historical data from 2022 to 2024 & forecast data from 2025 to 2030
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
Aquaculture Market Segmentations:
Global Aquaculture Market Segmentation by species:
- The market analyzed by species into the following:
- Fish
- Sea Bass
- Salmon
- Carp
- Others
- Prawns & Shrimps
- Oysters & Clams
- Others
Global Aquaculture Market Segmentation by environment:
- The market analyzed by environment into the following:
- Brackish Water
- Marine Water
- Fresh Water
Global Aquaculture Market Segmentation by farming type:
- The market analyzed by farming type into the following:
- Pond Aquaculture
- Cage Aquaculture
- Recirculating Aquaculture
- Others
Global Aquaculture Market Segmentation by regions:
The study also analysed the global aquaculture market into the following regions, with country level forecasts and analysis as below:
- North America (US, Canada and Mexico)
- South America (Brazil, Argentina, and Others)
- Europe (Germany, France, United Kingdom, Spain, Italy and Others
- Middle East and Africa (Saudi Arabia, UAE and Others)
- Asia Pacific (China, India, Japan, South Korea, Taiwan, Thailand, Indonesia, and Others)
TABLE OF CONTENTS
1. EXECUTIVE SUMMARY
2. MARKET SNAPSHOT
- 2.1. Market Overview
- 2.2. Market Definition
- 2.3. Scope of the Study
- 2.4. Market Segmentation
3. BUSINESS LANDSCAPE
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Porter's Five Forces Analysis
- 3.5. Industry Value Chain Analysis
- 3.6. Policies and Regulations
- 3.7. Strategic Recommendations
4. TECHNOLOGICAL OUTLOOK
5. GLOBAL AQUACULTURE MARKET BY SPECIES
- 5.1. Introduction
- 5.2. Fish
- 5.2.1. Seabass
- 5.2.2. Salmon
- 5.2.3. Carp
- 5.2.4. Others
- 5.3. Prawns & Shrimps
- 5.4. Oysters & Clams
- 5.5. Others
6. GLOBAL AQUACULTURE MARKET BY ENVIRONMENT
- 6.1. Introduction
- 6.2. Brackish Water
- 6.3. Marine Water
- 6.4. Fresh Water
7. GLOBAL AQUACULTURE MARKET BY FARMING TYPE
- 7.1. Introduction
- 7.2. Pond Aquaculture
- 7.3. Cage Aquaculture
- 7.4. Recirculating Aquaculture
- 7.5. Others
8. GLOBAL AQUACULTURE MARKET BY GEOGRAPHY
- 8.1. Introduction
- 8.2. North America
- 8.2.1. USA
- 8.2.2. Canada
- 8.2.3. Mexico
- 8.3. South America
- 8.3.1. Brazil
- 8.3.2. Argentina
- 8.3.3. Others
- 8.4. Europe
- 8.4.1. Germany
- 8.4.2. France
- 8.4.3. United Kingdom
- 8.4.4. Spain
- 8.4.5. Italy
- 8.4.6. Others
- 8.5. Middle East and Africa
- 8.5.1. Saudi Arabia
- 8.5.2. UAE
- 8.5.3. Others
- 8.6. Asia Pacific
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. South Korea
- 8.6.5. Taiwan
- 8.6.6. Thailand
- 8.6.7. Indonesia
- 8.6.8. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
- 9.1. Major Players and Strategy Analysis
- 9.2. Market Share Analysis
- 9.3. Mergers, Acquisitions, Agreements, and Collaborations
- 9.4. Competitive Dashboard
10. COMPANY PROFILES
- 10.1. Cooke Aquaculture Inc
- 10.2. MOWI ASA
- 10.3. Nireus Aquaculture SA (Andromeda Seafood)
- 10.4. Tassal
- 10.5. Blue Ridge Aquaculture Inc
- 10.6. Cermaq
- 10.7. Stolt Sea Farm Limited
- 10.8. Stehr Group
- 10.9. Maruha Nichiro Corporation
- 10.10. Leroy Seafood Group
11. APPENDIX
- 11.1. Currency
- 11.2. Assumptions
- 11.3. Base and Forecast Years Timeline
- 11.4. Key benefits for the stakeholders
- 11.5. Research Methodology
- 11.6. Abbreviations