Aquaculture Market Size, Share, Trends, Growth, and Forecast 2032

Aquaculture Market Size

According to Zion Market Research, the global Aquaculture Market was worth USD 308.24 Billion in 2023. The market is forecast to reach USD 487.69 Billion by 2032, growing at a compound annual growth rate (CAGR) of 5.23% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Aquaculture Market industry over the next decade.

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Aquaculture Market: Overview

Aquaculture is an activity during which fish farming is completed in several cultures like freshwater, marine water, and brackish water. sort of fish species is grown during a standard condition in aquaculture. These harvested fishes are further utilized for various purposes like dietary supplements, the food industry, and lots of Brackish Water. The application of fish oils in numerous fields like healthcare, the food industry, dietary supplements, and pharmaceuticals is perhaps expected to heighten the need for the product within the aquaculture market in the upcoming years. The emerging inclinations in the aquaculture market like acceptance of rice-fish culture will probably open new opportunities for the key manufacturers of the worldwide aquaculture market within the future years.

There are three sorts of culture within aquaculture, namely, freshwater, marine culture, and brackish water. In 2015, the principal culture for the global aquaculture market was freshwater farming. It's said to be the preferably chosen option of fish farming. during this technique, concrete ponds are employed to cultivate a spread of fish species. the worldwide aquaculture market is predicted to extend at a robust CAGR in upcoming years.

Different players within the global aquaculture market are implementing various strategic moves like the introduction of varied novel projects that propel the aquaculture market. as an example, in April 2018, Chinese Jin Yu Tang Aquaculture (Cambodia) Co proclaimed that the firm is getting to invest about $100 Million in freshwater and seawater aquaculture projects. This investment is going to be wiped out Preah Sihanouk and Koh Kong provinces. 

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Aquaculture Market: Growth Factors

The aquaculture market has been witnessing growth in terms of rushing urbanization and growing the income of people which has led to a rise in the consumption of protein-rich meats. Being a reasonably new and unconventional method of fish breeding for consumption, its market acceptance is low. The demand for premium quality products has been increasing not only thanks to freshness, diversity of products and concern, and convenience for food safety but also thanks to social, ethical, and environmental credentials. Rice-fish culture has been considered because of the key growth opportunity of this market. This system is legally taken into account for rice and fish cultivations cumulatively since fish get a secure living environment in dense rice plants. In exchange, fish protect rice from insects and circulate oxygen around the farm.

Aquaculture Market: Segmentation

Based on different culture, the global aquaculture market is bifurcated into the marine culture, freshwater and brackish water. Among these cultures, fresh water culture was the largest segment of global aquaculture market in 2015. It accounted for more than 50.0% share of the entire market. Furthermore, this trend is expected to continue in the future years due to the decrease in fishing activities in natural water bodies such as seas and oceans. Moreover, growing demand for sea water species among the consumers is likely to grow the market for aquaculture in marine water culture during the coming years.

Carp, molluscs, crustaceans, salmon, trout and other fish are the key products of global aquaculture market. Among all products, carp dominated the global aquaculture market in 2015. It accounted for more than 32.0% shares of the global aquaculture market. Furthermore, this trend is expected to continue within the forecast period. Moreover, mollusks is another important segment which is expected to be fastest growing product segment of the global aquaculture market during the years to come. This growth is attributed to the increase in adoption of poly culture scenario across the globe aquaculture market.  

Aquaculture Market: Report Scope

Aquaculture Market: Regional Analysis

Aquaculture Market: Regional Segment Analysis Preview  

In 2016, Asia Pacific ruled the aquaculture market. China was the principal country within the Asia Pacific that accounted for above 58% shares of the entire aquaculture market in 2016. The weather like plentiful natural resources, inexpensive labor rates, and favorable weather is alleged to generate the high demand for aquaculture in China within the forecast period.   

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Aquaculture Market: Competitive Players

• Blue Ridge Aquaculture
• Nireus Aquaculture S.A.
• Cooke Aquaculture Inc.
• Cermaq ASA
• the Waterbase Limited
• Tassal Group Ltd.
• Selonda Aquaculture S.A.
• Zeal Aqua
• NSF Certification UK Ltd
• Carter 
• Sons Ltd.

The global Aquaculture Market is segmented as follows:

By Culture

• Marine Water
• Freshwater
• Brackish Water

By Product

• Carp
• Molluscs
• Crustaceans
• Salmon
• Trout
• Other Fish

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa