Aquaculture Market Size, Share, Trends & Competitive Analysis By Type: Finfish, Crustaceans, Molluscs, Others By Culture Environment: Freshwater Aquaculture, Brackish Water Aquaculture, Marine Aquaculture By Species: Salmon, Tilapia, Shrimp, Carp, Others By Application: By Regions, and Industry Forecast, Global Report 2024-2032

  • Report ID: FDS1215
  • Forecast Period: 2023-2030
  • No. of Pages: 150+
  • Industry: Agriculture

The global Aquaculture Market size was valued at USD 265.85 Billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 5.4% during the forecast period, reaching a value of USD 405.37 Billion by 2032.

Aquaculture Market research report by Future Data Stats, offers a comprehensive view of the Market's historical data from 2019 to 2022, capturing trends, growth patterns, and key drivers. It establishes 2023 as the base year, analysing the Market landscape, consumer behaviour, competition, and regulations. Additionally, the report presents a well-researched forecast period from 2024 to 2032, leveraging data analysis techniques to project the Market's growth trajectory, emerging opportunities, and anticipated challenges.


Aquaculture, often dubbed "aquafarming," refers to the practice of cultivating aquatic organisms under controlled conditions. It encompasses a diverse array of species, including fish, shellfish, and aquatic plants, all cultivated for various purposes such as food, ornamental use, and research. This burgeoning industry plays a pivotal role in meeting the escalating global demand for seafood while reducing pressure on wild fish populations and habitats. Through innovative techniques and technologies, aquaculture endeavors to enhance efficiency, sustainability, and the welfare of aquatic ecosystems, contributing significantly to food security and economic prosperity worldwide.

At its core, aquaculture represents a dynamic nexus of science, technology, and entrepreneurship, driving advancements in aquatic resource management and environmental stewardship. By fostering collaboration among scientists, policymakers, and industry stakeholders, it seeks to address multifaceted challenges such as disease management, resource utilization, and ecosystem conservation. Moreover, aquaculture holds promise as a tool for socioeconomic development, empowering coastal communities and fostering resilience in the face of environmental change. With continued investment and innovation, this dynamic sector is poised to play an increasingly pivotal role in shaping the future of sustainable food production and environmental conservation.


The rising demand for seafood, fueled by increasing population and changing dietary preferences, has emerged as a primary driver for the industry. Consumers worldwide are becoming more health-conscious and are incorporating more protein-rich, nutrient-dense seafood into their diets, propelling the demand for aquaculture products. Additionally, the growing awareness of the environmental impact and sustainability challenges associated with wild-caught fish has led to a shift towards aquaculture as a more sustainable source of seafood.

However, the high capital investment required for setting up and maintaining aquaculture operations can be a barrier to entry, particularly for small-scale farmers. Furthermore, the industry grapples with regulatory frameworks, disease outbreaks, and environmental concerns, which can hinder the growth of the market. Nonetheless, the industry is embracing technological advancements and innovative farming practices to address these challenges, presenting significant opportunities for the aquaculture market to expand and meet the growing global demand for seafood.



Finfish, known for their versatility and nutritional value, remain a dominant force in the market. Similarly, crustaceans, with their popularity in various cuisines worldwide, contribute significantly to the market's expansion. Molluscs, prized for their unique flavors and textures, also hold a considerable share in the aquaculture market. Additionally, other aquatic species cultivated through aquaculture methods further diversify the market landscape, ensuring its resilience and sustainability.

As consumers become increasingly health-conscious and environmentally aware, the demand for aquaculture products continues to soar. Finfish, such as salmon and tilapia, stand out for their high protein content and omega-3 fatty acids, appealing to health-conscious consumers. Crustaceans like shrimp and prawns are favored for their succulent taste and versatility in culinary applications, driving demand across various market segments. Molluscs, including oysters and mussels, offer unique taste experiences and are often preferred by discerning seafood enthusiasts. Other aquaculture products, ranging from ornamental fish to aquatic plants, cater to niche markets, contributing to the market's diversity and resilience.

Sustainable aquaculture methods, such as recirculating aquaculture systems (RAS) and integrated multitrophic aquaculture (IMTA), are gaining traction due to their minimal environmental impact and efficient resource utilization. Additionally, the adoption of digital technologies, such as IoT sensors and AI-driven analytics, enhances monitoring and management practices, optimizing production efficiency and ensuring product quality.


Freshwater aquaculture stands as a cornerstone, offering a controlled setting for cultivating various aquatic species. From freshwater fish like tilapia to ornamental varieties, this environment facilitates efficient production, catering to both commercial and recreational demands. Similarly, brackish water aquaculture emerges as a significant contributor, leveraging the unique characteristics of estuarine ecosystems. Species such as shrimp and catfish thrive in this intermediate salinity environment, driving substantial market growth and providing valuable economic opportunities in coastal regions.

Marine aquaculture emerges as a powerhouse within the industry, harnessing the vast resources of the ocean. From salmon farming in open sea pens to seaweed cultivation in offshore installations, marine aquaculture showcases immense potential for sustainable seafood production. This environment enables the cultivation of high-value species while addressing environmental concerns through responsible practices. Furthermore, innovations such as offshore aquaculture platforms and submersible cages expand the horizons of marine aquaculture, pushing the boundaries of production capacity and efficiency.

The synergy between these culture environments fuels the dynamic growth of the aquaculture market. By harnessing the strengths of freshwater, brackish water, and marine ecosystems, aquaculture stakeholders capitalize on diverse opportunities while addressing evolving consumer preferences and sustainability imperatives. As demand for seafood continues to rise, the strategic utilization of different culture environments ensures resilience and long-term viability in the aquaculture industry.


Salmon, renowned for its rich flavor and nutritional benefits, commands a significant share of the market. Its popularity extends across various cuisines, driving demand and ensuring its status as a dominant force in aquaculture. Similarly, tilapia emerges as a versatile and sustainable option, favored for its mild taste and lean protein content. With increasing consumer awareness of health and sustainability, tilapia continues to gain traction in both domestic and international markets.

Shrimp stands out as a high-value species within the aquaculture industry, prized for its delicate flavor and culinary versatility. As one of the most traded seafood commodities globally, shrimp cultivation plays a pivotal role in meeting the demand for premium seafood products. Carp, valued for its resilience and adaptability, also contributes significantly to the aquaculture market. Its widespread cultivation across different regions reflects its importance in providing accessible protein sources and supporting livelihoods.

Beyond these dominant species, the aquaculture market encompasses a diverse range of other species, including catfish, trout, and barramundi, among others. Each species caters to specific market segments and consumer preferences, contributing to the market's vibrancy and resilience.


The food and beverages sector stands as a primary driver, utilizing aquaculture products in various cuisines and culinary creations worldwide. From fresh seafood dishes to processed products, the industry caters to the discerning tastes of consumers, driving demand and ensuring sustained market expansion. Additionally, pharmaceuticals leverage the nutritional and medicinal properties of aquatic species, incorporating them into supplements and pharmaceutical formulations to promote health and wellness.

Aquaculture products find their way into the cosmetics industry, where they contribute to skincare and beauty products. Ingredients derived from marine sources, such as algae and fish oils, offer unique benefits for skincare, hair care, and personal care products. This utilization underscores the growing trend towards natural and sustainable ingredients in the cosmetics industry, driving demand for aquaculture-derived extracts and compounds. Furthermore, the animal feed sector relies on aquaculture products to meet the nutritional needs of livestock and aquaculture species, ensuring optimal growth and health.

Beyond these prominent applications, aquaculture products find diverse uses in other industries, including agriculture, biotechnology, and environmental remediation. From biofertilizers derived from fish waste to bioplastics synthesized from algae, the versatility of aquaculture resources fuels innovation and sustainability across various sectors.


North America showcases a robust aquaculture industry, driven by technological advancements and stringent regulatory frameworks promoting sustainability. The region's focus on innovation and quality control ensures the production of premium seafood products, catering to both domestic and international markets. Similarly, Europe boasts a thriving aquaculture sector, characterized by a strong emphasis on environmental stewardship and organic certification. Sustainable aquaculture practices and consumer demand for ethically sourced seafood contribute to the region's prominence in the global market.

In contrast, the Asia Pacific region emerges as a powerhouse in the aquaculture market, accounting for the majority of global production. With abundant coastal resources and a long history of aquaculture traditions, countries like China, India, and Vietnam lead in aquaculture output and innovation. The region's diverse aquatic ecosystems support the cultivation of a wide range of species, from shrimp and fish to seaweed and mollusks. Additionally, Latin America, the Middle East, and Africa exhibit significant potential for aquaculture development, driven by favorable climatic conditions and growing consumer demand.


  • Marine Harvest ASA
  • Cermaq ASA
  • Cooke Aquaculture Inc.
  • Thai Union Group
  • Nippon Suisan Kaisha, Ltd. (Nissui)
  • Mowi ASA
  • Lerøy Seafood Group
  • Charoen Pokphand Foods Public Company Limited (CP Foods)
  • Austevoll Seafood ASA
  • Dongwon Industries Co., Ltd.
  • Kyokuyo Co., Ltd.
  • Thai Union Frozen Products Public Company Limited
  • Empresas AquaChile S.A.
  • P/F Bakkafrost
  • Multiexport Foods S.A.
  • Grieg Seafood ASA
  • The Union Group PCL
  • Tassal Group Limited
  • Stolt-Nielsen Limited
  • SalMar ASA
  • P/F Atlantic Petroleum
  • Pacific Seafood Group
  • Marine Farms ASA
  • Marine Harvest Chile S.A.

Table of Contents

  1. Executive Summary
  2. Market Overview
    2.1. Definition and Scope of Aquaculture
    2.2. Key Trends and Drivers
    2.3. Challenges and Restraints
  3. Aquaculture Market Segmentation
    3.1. By Type
    3.1.1. Finfish
    3.1.2. Crustaceans
    3.1.3. Molluscs
    3.1.4. Others
    3.2. By Culture Environment
    3.2.1. Freshwater Aquaculture
    3.2.2. Brackish Water Aquaculture
    3.2.3. Marine Aquaculture
    3.3. By Species
    3.3.1. Salmon
    3.3.2. Tilapia
    3.3.3. Shrimp
    3.3.4. Carp
    3.3.5. Others
    3.4. By Application
    3.4.1. Food and Beverages
    3.4.2. Pharmaceuticals
    3.4.3. Cosmetics
    3.4.4. Animal Feed
    3.4.5. Others
    3.5. By Region
    3.5.1. North America
    3.5.2. Europe
    3.5.3. Asia Pacific
    3.5.4. Latin America
    3.5.5. Middle East & Africa
  4. Competitive Landscape
    4.1. Key Players
    4.2. Mergers and Acquisitions
    4.3. Strategies and Initiatives
  5. Company Profiles
  6. Conclusion and Recommendations

Aquaculture Market Segmentation:

By Type:

  • Finfish
  • Crustaceans
  • Molluscs
  • Others

By Culture Environment:

  • Freshwater Aquaculture
  • Brackish Water Aquaculture
  • Marine Aquaculture

By Species:

  • Salmon
  • Tilapia
  • Shrimp
  • Carp
  • Others

By Application:

  • Food and Beverages
  • Pharmaceuticals
  • Cosmetics
  • Animal Feed
  • Others

By Geography:

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

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The research methodology of the global market involves extensive primary and secondary research. Primary research includes about 24 hours of interviews and discussions with a wide range of stakeholders that include upstream and downstream participants. Primary research typically is a bulk of our research efforts, coherently supported by extensive secondary research. Over 3000 product literature, industry releases, annual reports, and other such documents of key industry participants have been reviewed to obtain a better market understanding and gain enhanced competitive intelligence. In addition, authentic industry journals, trade associations’ releases, and government websites have also been reviewed to generate high-value industry insights.

Primary Research:

Primary Research


Desk Research


Company Analysis


•       Identify key opinion leaders

•       Questionnaire design

•       In-depth Interviews

•       Coverage across the value chain


•       Company Website

•       Company Annual Reports

•       Paid Databases

•       Financial Reports


•       Market Participants

•       Key Strengths

•       Product Portfolio

•       Mapping as per Value Chain

•       Key focus segment


Primary research efforts include reaching out to participants through emails, telephonic conversations, referrals, and professional corporate relations with various companies that make way for greater flexibility in reaching out to industry participants and commentators for interviews and discussions.

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  • Supply authentic information about the market size, share, growth, and forecasts

The primary research interview and discussion panels comprise experienced industry personnel.

These participants include, but are not limited to:

  • Chief executives and VPs of leading corporations specific to an industry
  • Product and sales managers or country heads; channel partners & top-level distributors; banking, investments, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research:

A broad array of industry sources for the secondary research typically includes, but is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor  presentations for a competitive scenario and shape of the industry
  • Patent and regulatory databases to understand technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles, web-casts, and other related releases to evaluate the market
  • Internal and external proprietary databases, key market indicators, and relevant press releases for  market estimates and forecasts



•       Top executives of end-use industries

•       C-level executives of the leading Parenteral Nutrition companies

•       Sales manager and regional sales manager of the Parenteral Nutrition companies

•       Industry Consultants

•       Distributors/Suppliers


•       Annual Reports

•       Presentations

•       Company Websites

•       Press Releases

•       News Articles

•       Government Agencies’ Publications

•       Industry Publications

•       Paid Databases


Analyst Tools and Models:



·         Arriving at
Global Market Size

·         Arriving at
Market Size

·         Market Share
of Key Players

·         Key Market Players

·         Key Market Players

·         Market Share
of Key Players

·         Arriving at
Market Size

·         Arriving at
Global Market Size


Aquaculture Market Dynamic Factors


  • Growing global demand for seafood.
  • Technological advancements in aquaculture practices.
  • Increasing consumer awareness of health benefits associated with seafood consumption.


  • Environmental concerns related to aquaculture operations.
  • Regulatory hurdles and compliance requirements.
  • Fluctuating market prices and economic uncertainties.


  • Expansion of aquaculture into untapped markets.
  • Rising popularity of sustainable aquaculture practices.
  • Diversification of aquaculture products and applications.


  • Disease outbreaks and biosecurity risks.
  • Access to sufficient water resources and suitable land.
  • Competition with wild-caught fisheries and alternative protein sources.

Frequently Asked Questions

The global Aquaculture Market size was valued at USD 265.85 Billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 5.4% during the forecast period, reaching a value of USD 405.37 Billion by 2032.

The rising global demand for seafood, technological advancements in aquaculture practices, and increasing consumer awareness of the health benefits associated with seafood consumption.

The adoption of sustainable aquaculture practices, the development of high-tech aquaculture systems, and the diversification of aquaculture products and applications.

Countries in the Asia Pacific region, such as China, India, and Vietnam, are expected to dominate the Aquaculture Market due to their abundant coastal resources and long history of aquaculture traditions.

The disease outbreaks, environmental concerns, and competition with wild-caught fisheries. However, there are also significant opportunities for growth, such as expanding into untapped markets and developing innovative aquaculture technologies.
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