Aquaculture Market Size, Share, Growth, and Industry Analysis, By Type (Fishes, Crustaceans, Molluscs), By Application (Goldfish, Koi, Tropical Fish, Other), Regional Insights and Forecast From 2025 To 2033

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AQUACULTURE MARKET REPORT OVERVIEW

The global aquaculture market size is predicted to reach USD 335.07 billion by 2033 from USD 242.89 billion in 2024, registering a CAGR of 3.6% during the forecast period from 2025 to 2033.

Aquaculture is a technique used to grow aquatic species such as fish, crustaceans and other plant and animal species.Growing demand for fish oil containing omega-3 fatty acids is expected to boost market growth. Omega-3 fatty acids are essential fatty acids that are popular in the treatment of cardiovascular diseases. According to the University of Maryland Medical Center, fish oil has been shown to lower blood fats and reduce the risk of stroke, heart attack, death and abnormal heart rhythms in people who already have heart disease. One of the major factors influencing the aquaculture market during the forecast period is the number of fish caught, which is rapidly decreasing. The global aquaculture business is driven by public awareness of the benefits of fish and fish products.

COVID-19 IMPACT

"Market Growth Restrained by Pandemic due to Supply Chain Disruptions"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The pandemic has disrupted global supply chains, making it difficult for aquaculture producers to access feed, equipment and other inputs. This led to increased costs and reduced production for some manufacturers. The closure of restaurants and markets due to the lockdown has significantly reduced demand for certain high-value seafood, such as oysters and lobsters, which are commonly consumed in such environments. The pandemic has also reduced global demand for seafood, especially in countries that have been hard hit by the pandemic. As a result, export opportunities for some aquaculture producers have been reduced.

LATEST TRENDS

"Growing Demand For Aquatic Animals And Plants By The Pharmaceutical Industry Positively Influence Market Growth"

Aquaculture is a sustainable and reliable source of these aquatic organisms for the pharmaceutical industry. Aquaculture ensures the uniformity and quality of marine organisms, making them ideal for pharmaceutical research. Aquatic animals and plants have been found to have a wide range of medicinal properties. Therefore, they are increasingly used to develop new medicines and pharmaceutical products.

AQUACULTURE MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Fishes, Crustaceans, Molluscs.

The fish segment held a significant share of the global aquaculture market in 2021. Demand for fish is driven by increased awareness of the health benefits of seafood.

For example, fish is a high source of vitamins, minerals and proteins and offers many health benefits. Fish contains fatty acids that help reduce the risk of cardiovascular disease and promote brain and vision development.

Additionally, other factors such as lifestyle changes, rising disposable income and dietary habits of consumers are also likely to support the growth of the fish market during the forecast period.

According to data from the aquaculture market, the molluscs category will grow significantly during the forecast period due to high demand, especially in food and feed applications. Mollusc-based fish species make up most of the ocean aquatic life. Molluscs are considered an important food source.

By Application

Based on application the global market can be categorized into Goldfish, Koi, Tropical Fish, Other.

Demand for different species of fish is driven by growing knowledge of the health benefits of seafood.

In addition, population growth and wide availability of various fish species are expected to increase the demand for fish during the forecast period.

Tropical Fish are so called because they are found in aquatic tropical environments.

DRIVING FACTORS

"Favorable Government Initiatives For Aquaculture Adoption Worldwide Augment The Market Growth"

Government initiatives play a crucial role in promoting the aquaculture market growth. By offering a variety of favorable policies, financial incentives and supportive regulations, governments can encourage investment and innovation in this sector. These initiatives may include grants and subsidies for aquaculture projects, simplified permitting processes, and funding for research and development of sustainable aquaculture practices. In addition, promoting international trade agreements and market access can open up new export opportunities for aquaculture products. By creating an enabling environment for aquaculture businesses to thrive, governments can promote production, job creation and economic development by ensuring sustainable management of water resources.

"Growing Awareness Of The Health Benefits Of Fish Support Market Expansion"

Growing awareness of the health benefits of fish is driving the growth of the global aquaculture market. Fish contain important nutritional values ​​such as proteins, vitamins and healthy traces. Additionally, increasing government support for the promotion of aquaculture and increasing population worldwide are expected to further stimulate the aquaculture market growth. Therefore, awareness about the health effects of fish is driving the growth of the market. Advances in technology are an increasingly popular trend in the aquaculture industry. An Australian government research firm has created an augmented reality (AR) tool that uses state-of-the-art pool and animal sensor systems, data modeling, state-of-the-art data interactions, tactical awareness and data mining to provide instant insights for essential water quality indicators such as pH and dissolved oxygen. As a result, it increases the aquaculture market and income.

RESTRAINING FACTORS

"Low Market Acceptance As A New And Unusual Fish Processing Technology May Hamper Market Growth"

Low market acceptance as a new and unusual fish processing technology hinders market growth. This is also due to lack of awareness about aquaculture. Hence low market acceptance is expected to limit the market growth.

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AQUACULTURE MARKET REGIONAL INSIGHTS

"Asia Pacific Dominating the Market due to Presence of a Large Consumer Base"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

Asia Pacific dominated the global aquaculture market share in terms of revenue. Other countries such as China, India, Japan, Australia, South Korea, Indonesia and Vietnam have many aquaculture industries. The Asia Pacific aquaculture market has seen tremendous changes over the years. The production and consumption of fish and shellfish products is growing rapidly, and the most important markets for the aquaculture industry are China and India. The Asia-Pacific region has emerged as the largest consumer and exporter of aquaculture products. Fisheries and aquaculture are one of the most important sectors that have a significant impact on the economic growth of countries in the Asia-Pacific region. Fisheries products are the most traded commodity in the Asia-Pacific region, generating valuable foreign exchange earnings for the region. In recent years, developing countries such as India and Thailand have become net exporters of fish, and a similar trend is expected to grow the Asia-Pacific aquaculture market in the coming years.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

A radical shift towards longevity and viability is taking place in the global aquaculture market. The growing need for innovative solutions in the food and beverage industry has led to the widespread adoption of precision farming concepts throughout the world. Aquaculture is one of the modified arrangements for raising, rearing and harvesting fish, algae, crustaceans and other similar organisms in any type of aquatic environment. Aquaculture remains a critical business sector, meeting increased global demand in the food sector and responding to agricultural challenges in global markets. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative design, materials, and smart features in cloth wardrobes, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Top Aquaculture Companies

• Marineharvest (Norway)
• Cooke Aquaculture (Canada)
• Cermaq (Norway)
• Guolian Aquatic Products (China)
• Nireus Aquaculture (Greece)
• Dalian Zhangzidao (China)
• Shanwei Good Harvest Aquatic Products (China)
• Hainan Xiangtai Fishery Group (China)
• Hendrix Genetics (Netherlands)
• Zhanjiang Evergreen Aquatic Product (China)
• Shandong Homey Aquatic (China)
• Shandong Oriental Ocean (China)
• Shandong Xunshan Fisheries (China)

INDUSTRIAL DEVELOPMENT

August 2021: Salmon producer Cermaq and aquaculture company Folla Alger have signed an agreement for the integrated cultivation of salmon and kelp in cooperation with Norway's leading scientific environments.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.