Aquaculture Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type [Fish (Salmon, Tuna, Cod, and Others), Aquatic Plants, Crustaceans, Mollusca, and Others] and Culture En

The aquaculture market size was valued at US$ 516.33 billion in 2024 and is expected to reach US$ 743.90 billion by 2031; it is estimated to register a CAGR of 5.4% from 2025 to 2031.

The rising global demand for seafood continues to propel the aquaculture industry forward, with a fresh perspective highlighting its role in addressing regional food security disparities. This demand is fueled by a growing global population, now exceeding 8.1 billion according to UN estimates, and shifting dietary habits favoring protein-rich seafood. The FAO's 2024 State of World Fisheries and Aquaculture report notes a record 223.2 million tonnes of production in 2022, with projections of a 10% increase by 2032, driven by aquaculture's ability to compensate for declining wild fish stocks. This demand surge presents a unique opportunity for localized aquaculture growth, especially in developing regions. The U.S. National Agricultural Statistics Service reported a 3.8% increase in aquaculture sales to $1.908 billion in 2023, reflecting similar trends in domestic markets.

Innovations like recirculating aquaculture systems (RAS) and integrated multi-trophic aquaculture (IMTA) are gaining traction, reducing environmental footprints while maintaining productivity. The FAO's 2024 SOFIA report indicates improved feed efficiency, lowering the fish-in-fish-out ratio, while the U.S. Census of Aquaculture (2023) shows an 18% rise in farms adopting such practices since 2018, with sales hitting $1.908 billion. In India, where sustainability is a national priority under initiatives like the National Fisheries Policy 2020, this trend is reshaping local aquaculture, particularly in states with rich aquatic resources.

By product type, the market is segmented into fish, aquatic plants, crustaceans, Mollusca, and others. The fish segment held a larger market share in 2024. This dominance is driven by high global demand for fish like salmon and tilapia, supported by their nutritional value and scalability. The FAO's 2024 report notes fish accounted for over 50% of the 223.2 million tonnes produced in 2022. In India, this trend is evident in the growing local fish farming. Technological advancements, such as automated feeding systems, are boosting fish production efficiency. Government initiatives like the National Fisheries Policy 2020 further support this segment's expansion. Sustainable practices are also being integrated to meet rising consumer demand for eco-friendly seafood.

Asia Pacific dominated the aquaculture market share in terms of revenue in 2024. This dominance is fueled by major producers like China, India, and Vietnam, leveraging vast coastal and inland resources. The region's high seafood consumption and supportive government policies drive this growth. India's aquaculture sector is a key contributor to this success. Innovations like recirculating aquaculture systems (RAS) are enhancing productivity in the region. Investments in infrastructure and training are strengthening India's position within this market. The trend is supported by increasing exports, making the Asia Pacific a global leader in aquaculture revenue. This report offers current and actionable insights for the industry.

Some of the key players operating in the global aquaculture market include JBS SA, Bakkafrost, Blue Ridge Aquaculture Inc, Cermaq Group AS, Cooke Aquaculture Inc, Danish Salmon Leroy Seafood Group ASA, Mowi ASA, Stolt-Nielsen Ltd, and Thai Union Group PCL. Players operating in the aquaculture market focus on providing high-quality products to fulfill customer demand. Also, they are focusing on launching new and high-quality products for their customers.

The overall global aquaculture market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the aquaculture market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the flooring market.

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