The integrated recirculating aquaculture system (RAS) market size has experienced strong growth in recent years, rising from $4.31 billion in 2023 to $4.69 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth during this historic period is driven by increasing demand for sustainable seafood, rising concerns over overfishing, an increasing focus on water conservation, the growth in land-based fish farming, and a rise in seafood consumption. The integrated recirculating aquaculture system (RAS) market size is expected to see strong growth in the coming years, reaching $6.65 billion in 2028 at a CAGR of 9.1%. This anticipated growth in the forecast period can be attributed to increasing demand for sustainable aquaculture practices, rising awareness of overfishing, the demand for traceable and safe seafood, growth of organic and niche seafood, increasing popularity of land-based aquaculture, and the demand for disease-free fish. Major trends to look for include the development of energy-efficient RAS, advancements in RAS water filtration technology, integration with renewable energy sources, implementation of advanced biosecurity measures, and the development of species-specific RAS systems.
Global Integrated Recirculating Aquaculture System (RAS) Market Key Driver
The growing demand for high-quality seafood products is anticipated to boost the integrated recirculating aquaculture system (RAS) market. The demand for high-quality seafood stems from increased health awareness regarding nutritional benefits and consumer interest in sustainably sourced options. Integrated RAS is crucial for producing high-quality seafood, ensuring sustainable farming, optimizing water use, and maintaining controlled conditions for better fish health. According to the Department of Agriculture, Fisheries, and Forestry, seafood production is projected to grow from 60% of total production value in 2023–24 to 64% by 2028–29, with aquaculture value expected to reach $2.21 billion by 2028–29. Consequently, the rising demand for high-quality seafood products is driving the integrated recirculating aquaculture system (RAS) market, projected to reach $0.92 billion in 2023, $1.10 billion in 2024, and $1.85 billion by 2028.
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Global Integrated Recirculating Aquaculture System (RAS) Market Segments
The integrated recirculating aquaculture system (RAS) market covered in this report is segmented –
1) By Type: Closed Type, Semi Closed Type
2) By Application: Outdoor System, Indoor System
3) By End Use: Retail, Food Processing Industry, Restaurants And Food Service, Animal Feed Industry, Pharmaceutical And Nutraceutical Industries, Other End Uses
By Geography:The regions covered in the integrated recirculating aquaculture system (RAS) marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the integrated recirculating aquaculture system (RAS) market in 2023.
Major Integrated Recirculating Aquaculture System (RAS) Industry Players
Xylem Inc., Pentair plc, Veolia Water Technologies and Solutions, Kaeser Compressors Inc., Skretting, Innovasea Systems Inc., BioMar Group, Aqua BioTech Group, Stolt Sea Farm S.A., Sterner AS, Nocera Inc., Moleaer Inc., Blue Ridge Aquaculture Inc., BioFishency Ltd., OxyGuard International A/S, CM Aqua Technologies ApS, AquaMaof Aquaculture Technologies Ltd., Clewer Aquaculture Oy, Fox Aquaculture Inc., Hesy Aquaculture B.V., Integrated Aqua Systems Inc., Levapor India Pvt Ltd., MAT-KULING AS, AKVA Group ASA
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Integrated Recirculating Aquaculture System (RAS) Market Overview
An integrated recirculating aquaculture system (RAS) is a sustainable fish farming method that continuously recycles and treats water within a closed system, minimizing water use and environmental impact. It combines fish tanks with biofilters, mechanical filters, and oxygenation to maintain optimal water quality. This system supports high-density fish production and can incorporate hydroponics to grow plants, creating a balanced, efficient aquaculture environment.
Integrated Recirculating Aquaculture System (RAS) Global Market Report 2023 provides data on the global integrated recirculating aquaculture system (ras) market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The integrated recirculating aquaculture system (ras) market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
