Aquaculture Market is expected to reach US$ 743.90 Billion by 2031

Health Risk Awareness and Public Health Concerns Fuel Aquaculture Market Growth

According to our latest study on "Aquaculture Market Size and Forecast (2021–2031), Global and Regional Growth Opportunity Analysis – by Product Type and Culture Environment," the market value is expected to surge from US$ 516.33 billion in 2024 to US$ 743.90 billion by 2031; the market is estimated to register a CAGR of 5.4% during 2025–2031. The aquaculture market report highlights key factors driving the growth of the aquaculture market and prominent players, along with their developments in the market.

The global aquaculture industry is experiencing unprecedented momentum, fueled by a rising demand for healthy, sustainable seafood. This surge is a direct response to rapid population growth, accelerating urbanization, and shifting dietary habits across the globe. As per the Food and Agriculture Organization (FAO), world fisheries and aquaculture production hit a record high of 223.2 million tons in 2022—a 4.4% rise on 2020—with aquaculture production of aquatic animals exceeding capture fisheries for the first time. Aquaculture added 94.4 million tons of aquatic animals, representing 51% of the world's aquatic animal production, which proves its strategic importance in fulfilling growing seafood demands. This expansion is particularly evident in Asia, where economic growth, better aquaculture technology, and favorable government policies have increased capacity. Aquaculture growth enhances world food security and nutrition and provides a consistent supply of protein as wild fish supplies dwindle because of overfishing and environmental degradation. The FAO indicates that aquatic animal production in 2020 was 30% above the 2000s average and 60% above the 1990s average, which highlights the sector's rapid growth over the past few decades.

Aquaculture Market Breakdown – By Region

The aquaculture market analysis has been performed by considering the following segments: product type and culture environment. Based on the product type, the market is segmented into fish, aquatic plants, crustaceans, mollusca, and others. The fish market is further sub-segmented into salmon, tuna, cod, and others. The fish segment is expected to register a significant CAGR from 2025 to 2031. In terms of culture environment, the aquaculture market is segmented into freshwater, brackish water, and marine water. The liquid segment held a significant market aquaculture market share in 2024.

Fish farming is a method in which different types of fish are raised in ponds, tanks, and ocean enclosures. These fish are mainly used for food consumption. It is the most common form of aquaculture. Various types of fish are raised and produced. Salmon, big eye, tuna, carp, catfish, cod, and tilapia are often raised and produced by fish farms at a commercial level. As the demand for fish has increased in developed and developing regions such as North America, Europe, and the Asia Pacific, technology has made it possible to grow food in coastal marine waters and the open ocean. Currently, about half the fish consumed globally are raised in artificial environments. Global fish production has grown over the past few years. The demand for fish is driven by increased awareness about the health benefits of seafood. For instance, fish is a rich source of vitamins, minerals, and proteins, providing numerous health benefits. Fish provides fatty acids that help reduce cardiovascular disease risk and contribute to brain and vision development. In addition, growth in population and extensive availability of different species of fish are expected to boost the demand for fish during the forecast period. Additionally, other factors such as changing lifestyles, a rise in disposable income, and consumer preferences for diet support the growth of the fish market. The increasing government support to promote aquaculture in developing countries such as India has led to a rise in fish production.

In terms of revenue, the Asia Pacific dominated the aquaculture market share in 2024. China contributes significantly to the aquaculture market growth in the Asia Pacific. China has a developed aquaculture sector. The rate of fish production is much higher than the fish consumption rate. As per the FAO, in 2022, China accounted for nearly 57% of global aquaculture production, producing over 50 million tons annually. The country serves the national and international markets with its huge production capacity.

Furthermore, the Chinese aquaculture industry comprises over 150 species, allowing a wide range of products to be sold to multiple markets. The aquaculture species bred in China include fish, mollusks, crustaceans, seaweeds, and invertebrates. Some of the most popular species are tilapia, shrimp, bream, catfish, scallops, carp, oysters, and mussels. Carp alone contributes around 40% of the country's total aquaculture production. Farming methods have diversified to embrace polyculture, integrated farming, and intensive culture systems. Extensive aquaculture is also used, primarily for the cultivation of microalgae.

FAO estimates aquatic animal production to grow by 10%, i.e., 205 million tons by 2032. This growth is stimulated by aquaculture growth and steady recovery in capture fisheries. Consumption patterns also underpin this expansion, with the world's apparent consumption of aquatic animal products anticipated to increase by 12% by 2032 to a mean of 21.3 kg per capita due to rising incomes, urbanization, and better post-harvest operations and distribution. It shows a wider "Blue Transformation" agenda promoted by FAO, focusing on more resilient, inclusive, efficient, and environmentally friendly aquatic food systems. The global pressure to deliver sustainable intensification of aquaculture, combined with the growing global demand for healthy aquatic foods, continues to dominate the direction of growth in the market. Thus, growing demand for sustainable aquaculture solutions is emerging as one of the aquaculture market trends.

The aquaculture market forecast can help stakeholders plan their growth strategies effectively. 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 are among the prominent players profiled in the aquaculture market report. These market players are focusing on providing high-quality products to fulfill customer demand. They are adopting strategies such as product launches, capacity expansions, partnerships, and collaborations to stay competitive. For instance, in May 2025, Norwegian aquaculture tech companies Mat-Kuling, Simona Stadpipe, Helland Silosystem, Silikal Nordvest, and Dynamic FishEye have formed Norwegian Aquaculture in America (NACA) to expand their presence in the North American market, covering various aspects of the land-based aquaculture value chain.

The aquaculture market is segmented on the basis of product type, culture environment, and geography. Based on the product type, the market is segmented into fish, aquatic plants, crustaceans, mollusca, and others. The fish market is further sub-segmented into salmon, tuna, cod, and others. As per the culture environment, the market is segmented into fresh water, brackish water, and marine water. By geography, the aquaculture market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The market in North America is sub-segmented into the US, Canada, and Mexico. The market in Europe is sub-segmented into Germany, France, Italy, Spain, the UK, and the Rest of Europe. The market in Asia Pacific is further segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The aquaculture market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. The market in South & Central America is sub-segmented into Brazil, Argentina, and the Rest of South & Central America.

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