Global Fish Farming Market Expected to Reach USD 470.3 Billion by 2033 - IMARC Group

Global Fish Farming Market Statistics, Outlook and Regional Analysis 2025-2033

The global fish farming market size was valued at USD 322.3 Billion in 2024, and it is expected to reach USD 470.3 Billion by 2033, exhibiting a growth rate (CAGR) of 4.25% from 2025 to 2033.

The rising global population and increasing consumer awareness of the health benefits of seafood are driving the demand for fish, especially protein-rich options like salmon and tilapia, which is further influencing the market growth. Wild fish stocks are becoming depleted, making fish farming a crucial solution to meet this demand sustainably. For instance, in September 2024, The Environment Agency, Abu Dhabi (EAD) launched the first sea cages aquaculture project in the Emirate of Abu Dhabi. The project will also contribute to relieving pressure on wild fisheries resources and addressing climate change impacts. Furthermore, it will support food security objectives considering the increasing demand for seafood and encourage future investments in the sector. As consumers seek more affordable and accessible sources of high-quality seafood, fish farming provides a stable and scalable alternative, ensuring a steady supply of fish for the global market.

Technological innovations in aquaculture have significantly improved fish farming efficiency, productivity, and sustainability, which is acting as a major growth-inducing factor in the market. For instance, in October 2024, Farm in a Box and ReelData AI announced their strategic partnership. Farm in a Box integrated ReelData's leading AI products for land-based aquaculture into the design of its modular, pre-fabricated, fast on-site assembly land-based farming system. With this strategic partnership, both companies aim to provide farmers with scalable, cost-effective, and highly efficient and reliable land-based aquaculture solutions. Modern farming techniques, such as closed-loop systems, recirculating aquaculture systems (RAS), and better feed management, have made it possible to farm fish with reduced environmental impact and higher yields. These advances help mitigate challenges like water quality management, disease control, and resource waste. Additionally, breeding programs and genetic research have led to the production of more resilient and faster-growing fish, making fish farming even more profitable.

Global Fish Farming Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share due to the rising seafood demand, increasing government support, technological advancements in aquaculture, and a growing focus on sustainable and high-yield fish production methods.

North America Fish Farming Market Trends:

In North America, the fish farming market is driven by the increasing seafood demand, technological innovations, and a focus on sustainable and locally sourced food production. Supportive government policies, rising awareness of health benefits, and efforts to reduce reliance on imports also contribute to growth, positioning aquaculture as a vital industry.

Asia-Pacific Fish Farming Market Trends:

The fish farming market in Asia Pacific is propelled by high seafood demand, government initiatives supporting aquaculture, advancements in farming technologies, and a shift toward sustainable practices. Rapid population growth, rising incomes, and the need to meet food security goals further drive expansion, making Asia a global leader in aquaculture production. For instance, in September 2024, a new IDRC-supported research project was launched to promote sustainable aquaculture in the Asia-Pacific region and help develop greener innovations for this sector. Moreover, the project, which was launched in Bangkok, Thailand, in July 2024 to help a new Aquaculture Innovation and Investment Hub, drive the core aim of linking innovators, investors, and producers to scale innovations.

Europe Fish Farming Market Trends:

The European fish farming market is driven by strong consumer demand for sustainable seafood, advancements in aquaculture technologies, and supportive EU regulations promoting eco-friendly practices. Increasing health awareness, demand for high-quality protein sources, and efforts to reduce overfishing and seafood imports further stimulate growth in the region's aquaculture sector.

Latin America Fish Farming Market Trends:

In Latin America, the fish farming market is driven by growing seafood demand, favorable climates, and government support for economic diversification. Technological improvements, increasing exports, and investment in sustainable practices further boost aquaculture, with countries like Brazil and Chile leading production due to ideal conditions and expanding international markets.

Middle East and Africa Fish Farming Market Trends:

In the Middle East and Africa (MEA), the fish farming market is driven by the need for food security, high seafood demand, and a focus on reducing imports. Government initiatives, investments in aquaculture technology, and the region’s water scarcity challenges push for efficient, sustainable farming practices, promoting market growth across MEA.

Top Companies Leading in the Fish Farming Industry

Some of the leading fish farming market companies include Alpha Group, Cermaq Group AS (Mitsubishi Corporation), Cooke Aquaculture Inc., Leroy Seafood Group ASA (Austevoll Seafood ASA), Mowi ASA, Nippon Suisan Kaisha Ltd., Tassal Group, Nireus Aquaculture S.A., among many others. In October 2024, Underwater Contracting (UCO), an underwater services maintenance company and Mowi ASA, a salmon farming company, expanded their partnership, focusing on the integration of remotely operated vehicle (ROV) technology in salmon farming. UCO’s ‘Foover’ mortality removal systems have been used on Mowi sites as a solution that provides selective, efficient, and verifiable removal of mortalities from net pens.

Global Fish Farming Market Segmentation Coverage

• On the basis of the environment, the market has been categorized into marine water, fresh water, and brackish water, wherein fresh water represents the leading segment. Freshwater holds the largest share in the market due to lower setup costs, ease of maintenance, and wide availability of suitable sites like rivers, lakes, and ponds. In line with this, freshwater species like tilapia and carp are highly in demand, making freshwater aquaculture a cost-effective and scalable option for many producers.
• Based on the fish type, the market is classified into salmon, milkfish, tuna, tilapia, catfish, sea bass, and others, amongst which salmon dominates the market. Salmon holds the largest share in the market due to its high consumer demand, rich nutritional profile, and premium market value. It is widely cultivated in regions with ideal cold-water conditions, and advancements in aquaculture technology have boosted efficient, large-scale salmon production, meeting global needs for quality seafood.

Browse IMARC Related Reports on Fish Farming Market:

• Europe Fish Farming Market Report
   
• GCC Fish Farming Market Report
   
• United States Fish Farming Market Report
   
• India Fish Farming Market Report
   
• Japan Fish Farming Market Report
   
• Vietnam Fish Farming Market Report
   
• South East Asia Fish Farming Market Report
   
• Middle East Fish Farming Market Report
   
• Saudi Arabia Fish Farming Market Report