PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1798880
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1798880
Global Fish Farming Market to Reach US$387.3 Billion by 2030
The global market for Fish Farming estimated at US$307.7 Billion in the year 2024, is expected to reach US$387.3 Billion by 2030, growing at a CAGR of 3.9% over the analysis period 2024-2030. Marine Water, one of the segments analyzed in the report, is expected to record a 4.8% CAGR and reach US$253.2 Billion by the end of the analysis period. Growth in the Fresh Water segment is estimated at 2.2% CAGR over the analysis period.
The U.S. Market is Estimated at US$83.8 Billion While China is Forecast to Grow at 7.4% CAGR
The Fish Farming market in the U.S. is estimated at US$83.8 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$79.2 Billion by the year 2030 trailing a CAGR of 7.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.5% and 3.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR.
Global Fish Farming Market - Key Trends & Drivers Summarized
Why Is Fish Farming Emerging as a Core Component of Global Food Supply?
Fish farming, or aquaculture, involves the controlled breeding, rearing, and harvesting of aquatic species such as finfish, crustaceans, and mollusks. It has become one of the fastest-growing food production sectors globally, addressing increasing demand for protein-rich food and overfishing concerns in wild capture fisheries. Aquaculture ensures consistent supply of species like salmon, tilapia, catfish, carp, and shrimp across diverse markets.
As wild fish stocks decline and marine ecosystems face pressure from climate change and pollution, fish farming offers a more scalable and sustainable alternative. Inland pond systems, coastal cages, recirculating aquaculture systems (RAS), and offshore platforms are used depending on species, geography, and regulatory context. Demand for low-fat, high-protein food options, combined with rising seafood consumption in urban and middle-income populations, is accelerating investment in fish farming infrastructure and biosecure breeding systems.
How Are Farming Methods and Technology Evolving to Improve Yield and Sustainability?
Modern fish farming is moving towards intensification, automation, and environmental monitoring. Recirculating aquaculture systems are gaining popularity in land-constrained regions, as they reduce water usage and enable precise control over environmental parameters. Sensors for oxygen levels, temperature, ammonia, and biomass are supporting real-time decision-making. Automated feeding systems and AI-based analytics are optimizing growth rates and feed conversion efficiency.
Selective breeding, disease-resistant strains, and biosecurity measures are being implemented to minimize mortality and antibiotic use. Integrated multi-trophic aquaculture (IMTA) systems are being explored to reduce waste and balance ecosystem interactions by combining fish with algae and shellfish farming. Water treatment technologies and filtration units are improving effluent quality to comply with environmental standards. These advancements are increasing productivity while addressing concerns related to water use, disease outbreaks, and ecological impact.
Where Is Production Expanding and Which Species Dominate Farming Operations?
Asia-Pacific remains the largest contributor to global fish farming, led by China, India, Vietnam, and Bangladesh. These countries primarily produce freshwater species like carp, tilapia, and pangasius for domestic and export markets. Norway and Chile lead in cold-water species such as salmon, while Ecuador and Thailand dominate shrimp farming. Africa and Latin America are expanding aquaculture infrastructure due to rising food demand and favorable climate conditions.
Species selection is based on local feed availability, climatic compatibility, and market preferences. Tilapia, known for its fast growth and adaptability, is widely farmed across tropical and subtropical regions. Salmon farming remains intensive and export-driven, often requiring high-capital offshore installations and cold-water management. Shellfish, catfish, trout, and ornamental fish also contribute to regional diversity. As diets shift and urban populations grow, demand for consistent and safe fish products continues to rise.
What Is Driving Growth in the Fish Farming Market?
Growth in the fish farming market is driven by several factors related to protein demand, production technology, and ecosystem pressures on wild fisheries. Expansion of controlled breeding systems, sensor-based monitoring, and recirculating aquaculture infrastructure is improving yield efficiency and disease control. Rising seafood consumption, particularly in developing countries, is supporting investment in diverse farming systems and regional expansion. Growth is also reinforced by trade-driven species like salmon and shrimp, as well as government programs supporting aquaculture development to address nutritional security. As marine capture limits tighten and supply chains demand reliability, fish farming continues to expand as a scalable, technology-integrated solution for sustainable aquatic food production.
SCOPE OF STUDY:
The report analyzes the Fish Farming market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Environment (Marine Water, Fresh Water, Brackish Water); Fish Type (Salmon, Milkfish, Tuna, Tilapia, Catfish, Sea Bass, Other Fish Types)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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