PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616073
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616073
Aquaculture Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Aquaculture Market was worth USD 244 billion in 2023 and will exhibit a 4.5% CAGR from 2024 to 2032, owing to rising seafood consumption as consumers increasingly seek healthy and protein-rich food options. This growing demand encourages producers to enhance their operations, leading to innovations in breeding techniques, feed management, and water quality monitoring. These advancements improve fish health and growth rates while promoting overall productivity. By adopting sustainable and efficient farming practices, the industry can better meet consumer preferences and regulatory requirements, ultimately fostering significant growth in seafood production and availability.
The aquaculture industry is segregated based on product type, environment, culture systems, species cultured, end-use, distribution channel, and region. The fish segment captured USD 139.7 billion in 2023 and will expand to USD 211.3 billion by 2032, attributed to the high demand for various fish species, including salmon, tilapia, and catfish. Fish provides essential nutrients and is a primary protein source for millions globally. As consumer preferences shift toward healthy diets, the demand for farmed fish is increasing.
This segment's growth is further supported by advancements in breeding, feeding practices, and disease management, allowing producers to meet market needs while ensuring sustainable practices within the industry. The freshwater aquaculture segment achieved 43% share in 2023 and will grow at a 4.7% CAGR up to 2032, driven by the availability and accessibility of freshwater resources. Freshwater species, such as tilapia and catfish, are increasingly favored due to their adaptability and rapid growth rates. This segment benefits from lower production costs compared to marine alternatives, making it more appealing to farmers.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $244 Billion |
| Forecast Value | $360.6 Billion |
| CAGR | 4.5% |
Furthermore, as consumer preferences shift towards sustainable seafood options, the freshwater aquaculture segment is well-positioned to meet this demand, driving its market growth. Asia Pacific aquaculture market secured USD 143 billion in 2023 and will reach USD 216 billion by 2032 due to its dominant position in fish farming and seafood production. The region is home to major aquaculture producers like China, which accounts for a significant portion of the global fish supply. Rapid population growth, rising incomes, and changing dietary preferences further drive the demand for seafood in this region.Besides, advancements in aquaculture practices and government support for sustainable initiatives position Asia Pacific as a notable contributor to the overall growth of the aquaculture industry.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Market 360° synopsis, 2018 - 2032
- 2.2 Business trends
- 2.3 Regional trends
- 2.4 Product type trends
- 2.5 Distribution channel trends
Chapter 3 Market Insights
- 3.1 Industry ecosystem analysis
- 3.2 Key news and initiatives
- 3.2.1 Partnership/Collaboration
- 3.2.2 Merger/Acquisition
- 3.2.3 Investment
- 3.2.4 Product launch & innovation
- 3.3 Regulatory landscape
- 3.4 Impact forces
- 3.5 Growth drivers
- 3.5.1 Rising demand for seafood products
- 3.5.2 Declining fish stocks in many regions
- 3.6 Industry pitfalls & challenges
- 3.6.1 Environmental impact
- 3.7 Growth potential analysis
- 3.8 Raw material analysis
- 3.9 Trade analysis
- 3.9.1 Export data
- 3.9.2 Import data
- 3.10 Porter's analysis
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share, 2023
- 4.3 Competitive analysis of major market players, 2023
- 4.4 Competitive positioning matrix, 2023
- 4.5 Strategic outlook matrix, 2023
Chapter 5 Market Estimates & Forecast, By Product Type 2018 - 2032, (USD Billion) (Million Tons)
- 5.1 Key trends
- 5.2 Fish
- 5.3 Crustaceans
- 5.4 Mollusks
- 5.5 Seaweed
- 5.6 Aquatic plants
- 5.7 Other aquatic animals (Frogs, Eels, Turtles, Etc.)
Chapter 6 Market Estimates & Forecast, By Environment 2018 - 2032, (USD Billion) (Million Tons)
- 6.1 Key trends
- 6.2 Freshwater aquaculture
- 6.3 Marine/Sea water aquaculture
- 6.4 Brackish water aquaculture
Chapter 7 Market Estimates & Forecast, By Culture systems 2018 - 2032, (USD Billion) (Million Tons)
- 7.1 Key trends
- 7.2 Pond culture
- 7.3 Cage culture
- 7.4 Recirculating aquaculture systems (RAS)
- 7.5 Flow-through/Raceway systems
- 7.6 Integrated Multi-trophic aquaculture (IMTA)
- 7.7 Others (Aquaponics, Pen Culture, Etc)
Chapter 8 Market Estimates & Forecast, By Species Cultured 2018 - 2032, (USD Billion) (Million Tons)
- 8.1 Key trends
- 8.2 Finfish
- 8.3 Shellfish
- 8.4 Aquatic plants
- 8.5 Other invertebrates
Chapter 9 Market Estimates & Forecast, By End Use 2018 - 2032, (USD Billion) (Million Tons)
- 9.1 Key trends
- 9.2 Retail
- 9.3 Food processing industry
- 9.4 Restaurants and food service
- 9.5 Animal feed industry
- 9.6 Pharmaceutical and nutraceutical industries
- 9.7 Others (Leather & Fashion, Fertilizers, Etc)
Chapter 10 Market Estimates & Forecast, By Distribution Channel 2018 - 2032, (USD Billion) (Million Tons)
- 10.1 Key trends
- 10.2 Direct sales
- 10.3 Indirect sales
Chapter 11 Market Estimates & Forecast, By Region 2018 - 2032, (USD Billion) (Million Tons)
- 11.1 Key trends
- 11.2 North America
- 11.2.1 U.S.
- 11.2.2 Canada
- 11.3 Europe
- 11.3.1 UK
- 11.3.2 Germany
- 11.3.3 France
- 11.3.4 Italy
- 11.3.5 Spain
- 11.4 Asia Pacific
- 11.4.1 China
- 11.4.2 India
- 11.4.3 Japan
- 11.4.4 South Korea
- 11.4.5 ANZ
- 11.5 Latin America
- 11.5.1 Brazil
- 11.5.2 Mexico
- 11.6 MEA
- 11.6.1 Saudi Arabia
- 11.6.2 UAE
- 11.6.3 South Africa
Chapter 12 Company Profiles
- 12.1 Cermaq Group AS
- 12.2 Charoen Pokphand Foods PCL
- 12.3 Cooke Aquaculture Inc.
- 12.4 Empresas Aqua Chile S.A.
- 12.5 Grieg Seafood ASA
- 12.6 Huon Aquaculture Group Limited
- 12.7 Leroy Seafood Group ASA
- 12.8 Mitsubishi Corporation
- 12.9 Mowi ASA
- 12.10 Multiexport Foods S.A.
- 12.11 Nippon Suisan Kaisha, Ltd. (Nissui)
- 12.12 Nireus Aquaculture S.A.
- 12.13 SalMar ASA
- 12.14 Tassal Group Limited
- 12.15 Thai Union Group PCL
