The aquaculture products market size has grown strongly in recent years, expanding from $31.81 billion in 2023 to $34.28 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. This growth during the historical period is driven by factors such as increased demand for fish farming, advancements in fishing technology, government initiatives supporting aquaculture, a rise in seafood consumption, development in mariculture, and heightened awareness of sustainable practices. Looking ahead, the aquaculture products market size is expected to grow further, reaching $46.48 billion in 2028 at a CAGR of 7.9%. This anticipated growth is due to the expansion of aquaculture in emerging markets, innovations in aquatic farming technologies, rising investments in sustainable practices, increased demand for high-protein diets, growth in offshore aquaculture, and government support for sustainable fishing. Key trends forecasted include heightened automation in aquaculture, growth in integrated fish farming, adoption of smart sensors in aquatic farms, increased demand for eco-friendly aquaculture equipment, application of AI in fish health monitoring, and expansion of recirculating aquaculture systems (RAS).
Global Aquaculture Products Market Key Driver
The growing global demand for seafood is expected to enhance the aquaculture products market. The rising awareness of seafood's health benefits and changing dietary preferences towards sustainable food sources are key drivers of this demand. For example, the Department of Agriculture, Fisheries, and Forestry reported in December 2023 that Australians consumed approximately 350,000 tonnes of seafood in 2021-2022, averaging 13.8 kilograms per person. Consequently, the increasing demand for seafood is propelling the growth of the aquaculture products market.
Get A Free Sample Of The Aquaculture Products Market Report
Global Aquaculture Products Market Segments
The aquaculture products market covered in this report is segmented –
1) By Type: Aquaculture Equipment, Fertilizers, Chemicals, Pharmaceuticals
2) By Production Type: Small Scale, Medium And Large Scale
3) By Culture Environment: Freshwater, Marine Water, Brackish Water
4) By Application: Aquatic Animals, Aquatic Plants
By Geography:The regions covered in the aquaculture products market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the aquaculture products market in 2023, and is expected to be the fastest-growing region in the forecast period.
Major Aquaculture Products Industry Players
Xylem Water Solution, Merck Animal Health, Marine Harvest, Pentair PLC, Thai Union Group PCL, Lerøy Seafood Group, Cooke Aquaculture Inc., Cermaq Group, Nueva Pescanova, Bakkafrost, AKVA group, Stolt-Nielsen, Huon Aqua, Reef Industries Inc., Pioneer Group, Eastern Fish Company, CPI Equipment Inc., ASAKUA, Blue Ridge Aquaculture Inc., Frea Aquaculture Solutions ApS, Tan International, Aquaculture Systems Technologies LLC, luxsol.ru, Aquafarm Equipment AS
Purchase The Global Aquaculture Products Market Report Directly And Get A Swift Delivery
Aquaculture Products Market Overview
Aquaculture products refer to items used in the breeding, raising, and harvesting of aquatic organisms, such as fish, shellfish, and seaweed. These products include feed, equipment, water treatment solutions, and health management supplies. They support the growing demand for seafood and other aquatic products.
Aquaculture Products Global Market Report 2023 provides data on the global aquaculture products market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aquaculture products market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
