Population Growth is Accelerating Seafood Demand is Driving the Growth of the Fishery and Aquaculture Market

Fishery and aquaculture refer to the harvesting, breeding, and cultivation of aquatic organisms—including fish, crustaceans, mollusks, and aquatic plants—under controlled or semi-controlled conditions for human consumption, commercial use, and ecosystem management. The sector encompasses two primary categories: capture fisheries (wild catch from oceans, seas, and inland waters) and aquaculture (farming of aquatic organisms in freshwater, brackish, or marine environments). Commonly cultivated species include salmon, carp, tilapia, shrimp, catfish, and oysters, among others. Modern aquaculture practices involve the use of advanced technologies such as recirculating aquaculture systems (RAS), integrated multi-trophic aquaculture (IMTA), and biofloc systems to enhance productivity, water efficiency, and sustainability. The market serves diverse applications across food and beverage, pharmaceuticals, dietary supplements, cosmetics, and animal feed industries.

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Data Bridge Market Research analyzes that the Global Fishery and Aquaculture Market is expected to reach USD 71,743,448.11 thousand by 2032 from USD 40,077,535.05 thousand in 2024, growing with a substantial CAGR of 7.6% in the forecast period of 2025 to 2032.

Key Findings of the Study  

Population Growth is Accelerating Seafood Demand

The global population is expanding rapidly, with the United Nations projecting it to reach approximately 9.7 billion by 2050. This growth, particularly concentrated in developing regions such as Asia-Pacific, Sub-Saharan Africa, and parts of Latin America, is placing unprecedented pressure on food systems to provide sustainable, nutritious, and affordable protein sources. Seafood—encompassing both wild-caught and farmed fish—has become a crucial component of the global diet. It is not only a high-quality source of animal protein but also rich in omega-3 fatty acids, vitamins (like D and B12), and essential minerals such as iodine and selenium. As incomes rise and urbanization spreads, especially in emerging economies, dietary preferences are shifting away from traditional staples toward protein-rich and health-conscious options like seafood. Furthermore, in many coastal and island nations, fish is a staple food item. As populations grow in these regions, the per capita consumption of seafood is also increasing. According to the FAO, global per capita fish consumption has more than doubled since the 1960s and is expected to continue rising, driven by both demographic expansion and changing consumer behavior.

Report Scope and Fishery and Aquaculture Market Segmentation

Segment Analysis

Global fishery and aquaculture market is segmented into eleven notable segments based on product type, aquaculture production system, environment, application, production scale, category, source, form, function, technology, species.

• On the basis of product type, the market is segmented into equipment, aquafeed.

In 2025, the aquafeed segment is expected to dominate the market

In 2025, the aquafeed is expected to dominate the market with a market share of 60.03% due to its critical role in promoting healthy growth, improving feed conversion ratios, and enhancing disease resistance in farmed species. Modern aquafeeds are formulated with optimized nutrient profiles, sustainable protein sources, and targeted additives, ensuring efficient production and high survival rates. Their ability to improve yield quality, reduce environmental impact, and support a wide variety of species makes them the preferred choice for commercial aquaculture operations worldwide.

• On the basis of aquaculture production system, the market is segmented into water-based systems, land-based systems, recycling systems, integrated farming system and others

In 2025, the water-based systems segment is expected to dominate the market

In 2025, the water-based systems segment is expected to dominate the market with a market share of 69.35% owing to increasing adoption of environmentally friendly aquaculture practices, stricter regulations on chemical discharges, and the growing need for sustainable water treatment solutions. These systems use eco-compatible formulations to maintain optimal water quality, support healthy aquatic growth, and minimize environmental impact.

• On the basis of environment, the market is segmented into fresh water, marine water, brackish water. In 2025, the fresh water segment is expected to dominate the market with a market share of 56.21%
• On the basis of application, the market is segmented into adult, larva, juvenile. In 2025 the adult segment is expected to dominate the market with a market share of 73.72%
• On the basis of production scale, the market is segmented into large-scale, small-scale, medium-scale. In 2025, the large-scale segment is expected to dominate the market with a market share of 50.31%
• On the basis of category, the market is segmented into conventional, organic. In 2025, the conventional segment is expected to dominate the market with a market share of 87.83%
• On the basis of source, the market is segmented into plant-based, animal-based. In 2025, the plant-based segment is expected to dominate the market with a market share of 60.76%
• On the basis of form, the market is segmented into dry, wet form, moist form. In 2025, the dry segment is expected to dominate the market with a market share of 56.51%
• On the basis of function, the market is segmented into fishery and aquaculture rational value, energy booster, improve digestibility, feed preservation, cytotoxic management and others. In 2025, the fishery and aquaculture rational value segment in the fishery and aquaculture market with a market share of 35.71%
• On the basis of technology, the market is segmented into conventional fishery and aquaculture, smart fishery and aquaculture. In 2025, the Conventional fishery and aquaculture segment in the fishery and aquaculture market with a market share of 73.35%
• On the basis of species, the market is segmented into fish, crustaceans, mollusks. In 2025, the fish segment is expected to dominate the market with a market share of 61.12%

Major Players

Data Bridge Market Research analyzes are PentairAES, Skretting, Alltech, Kemin Industries, Inc, Corbion, AKVA Group, BAADER, Nireus , Kai Chuang Marine International, Thai Union Feedmill Public Company Limited, Vaxxinova Norway AS, PHARMAQ (Zoetis LLC.), ZHEJIANG FORDY IMP. & EXP. CO., LTD., Innovasea Systems Inc, LINN Gerätebau GmbH, Proteon Pharmaceuticals, INVE Aquaculture, Sagar Aquaculture, VAKI AQUACULTURE SYSTEMS LTD. (Merck & Co., Inc.), Imenco Aqua AS, Neospark Drugs and Chemicals Private Limited, Nanrong Shanghai Co., Ltd., In‑Situ Inc, Growel, AquaByte, CPI Equipment Inc., SRR Aqua Suppliers LLP, Fluval, Gael Force Group Limited, Integrated Aqua Systems, Inc., GiliOcean Technology as the major market players of the market.

Market Development

• In April 2025, Skretting China opened its first dedicated LifeStart production line in Zhuhai—marking a major step in supporting the country’s aquaculture sector. Alongside the launch, five new hatchery feed products were introduced for species like salmon, tilapia, pompano, snakehead, and catfish. As part of Nutreco, Skretting aims to lead China’s LifeStart nutrition segment by 2030, targeting salmonids, shrimp, and marine fish. The move highlights Skretting’s long-term commitment to China’s dynamic and fast-growing aquaculture market.
• In June 2024, Pentair Aquatic Eco-Systems has launched a new website, PentairAES.com.au, to support Australia’s growing aquaculture industry. With a Melbourne office and local stock, they offer fast access to equipment and expert services. Brendan Lee, Sales Manager for ANZ, brings extensive aquaculture experience to assist customers. The company supports all stages of fish farming with tailored solutions. Pentair focuses on excellence in design, service, and equipment.
• In May 2025, AKVA group partnered with Mowi, Alotta Energy, and Fjord Maritime to deliver Chile’s first low-emission, solar-powered fish farming installation at the Huar Norte site. AKVA provided the pen infrastructure and solar integration, marking a breakthrough in sustainable sea-based aquaculture. This project enhances AKVA’s position as a leader in eco-friendly fish farming technology and strengthens its global reputation for innovation.
• In December 2024, AKVA group launched a next-generation air dome designed to enhance deep farming under its Nautilus concept. The dome ensures stable air access, better feed distribution, and easier handling, even in rough marine conditions. Developed in collaboration with fish farmers and based on a decade of R&D through the Atlantis project, it strengthens AKVA’s leadership in deep farming innovation and supports improved fish welfare and operational efficiency.
• In February 2023, Alltech and Finnforel have jointly acquired the Raisioaqua fish feed facility to complete a sustainable, circular-economy fish-farming chain in Finland. This partnership aims to enhance eco-friendly aquaculture nutrition and expand innovative recirculating aquaculture systems globally.

Regional Analysis

Geographically, the countries covered in the Global fishery and aquaculture Market report are U.S., Canada, Mexico, Germany, U.K., France, Italy, Russia, Spain, Belgium, Switzerland, Netherlands, Turkey, Poland, Finland, Sweden, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, New Zealand, Taiwan, Hong Kong, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Ecuador, Colombia, Peru, Rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E, Israel, Bahrain, Kuwait, Oman, Qatar, Rest of Middle East and Africa

As per Data Bridge Market Research analysis:

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