Agriculture Industry Today

Aquaculture Market is Expected to reach US$ 743.90 billion by 2031

The global aquaculture market is poised for significant growth by 2031, supported by advances in sustainable farming practices, innovative technologies, and rising demand for responsible seafood. Asia Pacific leads production with increased adoption of digital and eco-friendly solutions, while North America and Europe emphasize precision aquaculture and offshore farming.
Published 08 October 2025

According to The Insight Partners, Global Aquaculture Market size is projected to reach US$ 743.90 billion by 2031 from US$ 516.33 billion in 2024. The market is expected to register a CAGR of 5.4% during 2025–2031. The global aquaculture market is experiencing robust growth, driven by rising seafood demand, overfishing concerns, and advancements in farming technologies. Valued at over US$ 300 billion in 2024, the market is expected to expand steadily due to increasing consumption of protein-rich diets and sustainable practices.

Asia Pacific dominates the industry, with China as the leading producer. Key segments include freshwater, marine, and brackish water farming, focusing on species like salmon, shrimp, and tilapia. Innovations in feed, disease control, and aquaponics further enhance productivity, making aquaculture a vital component of global food security and economic development.

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The global aquaculture industry is undergoing a profound transformation, driven by technological innovation, sustainability imperatives, and rising global demand for protein-rich seafood. As traditional fishing practices face limitations due to overexploitation, aquaculture has emerged as a critical solution for ensuring food security and environmental stewardship. The sector is evolving beyond conventional farming methods, embracing advanced systems such as recirculating aquaculture systems (RAS), precision monitoring, and offshore cultivation to enhance efficiency, reduce ecological impact, and meet consumer expectations for traceable, high-quality seafood.

Market Trends and Innovations

A key trend shaping the future of aquaculture is the adoption of sustainable production practices. Consumers and regulators alike are demanding environmentally responsible seafood, leading to increased investment in closed-loop systems that minimize water usage and eliminate pollution. Recirculating aquaculture systems (RAS) are at the forefront of this shift, enabling land-based fish farming with up to 99% water recycling, preventing fish escapes, and significantly reducing antibiotic use. These controlled environments allow for precise management of water quality, temperature, and feeding, resulting in healthier fish and higher yields. Additionally, innovations in precision aquaculture—leveraging IoT sensors, AI-driven analytics, and automated feeding systems—are optimizing farm operations, improving feed conversion ratios, and enabling early disease detection through real-time monitoring of fish behavior and environmental conditions.

Another major development is the integration of aquaponics and biofloc technology (BFT), which create symbiotic ecosystems that enhance resource efficiency. Aquaponics combines fish farming with hydroponic plant cultivation, where nutrient-rich fish waste supports plant growth, and plants naturally filter the water for reuse. This closed-loop approach reduces waste and conserves water, making it ideal for urban and space-constrained environments. Similarly, BFT systems utilize beneficial microbial communities to convert organic waste into protein-rich biomass, supporting high stocking densities with minimal water exchange and improved feed utilization. These advancements not only increase productivity but also align with circular economy principles, reducing environmental impact and operational costs.

Regional Analysis and Market Forecast

The aquaculture market exhibits distinct regional dynamics, with the Asia Pacific dominating global production. Countries such as China, India, Vietnam, and Indonesia lead in output due to favorable climatic conditions, abundant natural resources, and strong government support for aquaculture development. The region is expected to maintain its leadership position, driven by rising domestic consumption, export-oriented production, and the adoption of digital technologies to intensify farming practices. North America and Europe are also witnessing significant growth, fueled by technological innovation, consumer demand for sustainable seafood, and supportive regulatory frameworks. The U.S. is emerging as a leader in precision aquaculture, with investments in automated monitoring, farm-as-a-service (FaaS) models, and land-based salmon farming. Europe is advancing eco-friendly practices, including offshore aquaculture co-located with wind farms and the use of alternative feeds to reduce reliance on wild-caught fishmeal.

Global Market Outlook by 2031

  • North America is expected to grow at a notable CAGR, driven by advancements in RAS technology, AI-driven farm management, and strong government support.
  • Key growth drivers include rising seafood demand, declining wild fish stocks, and the need for sustainable protein sources.
  • Major trends include the expansion of offshore aquaculture, adoption of alternative aquafeed ingredients (such as insect protein and algae), and the commercialization of gene-edited species for improved yield and disease resistance.
  • The market is highly competitive, with leading players such as Mowi ASA, Thai Union Group PCL, Cooke Aquaculture, and Bakkafrost investing in sustainable practices, R&D, and vertical integration to strengthen their positions.
  • Emerging opportunities lie in functional and organic seafood, integrated multi-trophic aquaculture (IMTA), and the development of high-value species such as sea cucumbers and marine bioproducts.

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