North America Aquaculture Market Size and Forecast 2021 - 2031, Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type and Culture Environment

List of Tables

The North America aquaculture market size was valued at US$ 21.92 billion in 2024 and is projected to reach US$ 29.39 billion by 2031; it is expected to register a CAGR of 4.3% from 2025 to 2031.

A major driver propelling the North America aquaculture market is the surging demand for sustainable and locally sourced seafood, fueled by increasing consumer awareness about environmental conservation and health benefits. Overfishing and depletion of wild fish stocks globally have raised concerns about the long-term viability of traditional fisheries, pushing consumers, retailers, and governments to seek alternative sources of seafood. Aquaculture presents a viable solution to this challenge by enabling controlled, efficient production of high-quality fish and aquatic plants without exerting additional pressure on wild populations. In North America, this shift toward sustainable seafood consumption is reflected in the growing preference for farm-raised species such as salmon, trout, catfish, and tilapia. Consumers are increasingly prioritizing seafood products that are traceable, environmentally responsible, and free from harmful chemicals or antibiotics. This has encouraged producers to adopt advanced farming technologies, such as recirculating aquaculture systems (RAS) and integrated multi-trophic aquaculture (IMTA), which reduce environmental footprints by recycling water, minimizing waste, and enhancing resource efficiency. Government support further amplifies this trend, with agencies like the National Oceanic and Atmospheric Administration (NOAA) and Fisheries and Oceans Canada (DFO) providing funding, research, and regulatory frameworks to promote sustainable aquaculture practices. These initiatives foster innovation, improve farm management, and ensure compliance with environmental standards.

Additionally, the health-conscious consumer base in North America values seafood for its nutritional benefits, including omega-3 fatty acids and high-quality protein, which boosts demand. The increasing popularity of aquaponics systems, which combine fish farming with plant cultivation, also highlights the region's commitment to sustainable food production. Together, these factors, environmental concerns, health awareness, technological innovation, and government support, are driving robust growth in the North America aquaculture market, positioning it as a crucial component of the region's food security and sustainable development goals.

One significant opportunity for the North America aquaculture market lies in the expansion and modernization of offshore aquaculture. Unlike traditional nearshore or land-based farming, offshore aquaculture involves cultivating fish and other aquatic species in deeper, open waters, where environmental conditions can be more stable and less susceptible to coastal pollution or habitat disruption. This approach offers tremendous potential to increase production capacity without the spatial limitations and environmental concerns often associated with coastal farms. Advancements in technology, including robust cage designs, automated feeding systems, and remote monitoring through sensors and drones, are making offshore aquaculture more feasible and cost-effective. Moreover, offshore farms can reduce conflicts with coastal communities and tourism, helping address regulatory challenges and social acceptance. With growing seafood demand and limited wild fish stocks, offshore aquaculture presents a scalable solution to meet market needs sustainably. Investing in offshore farming infrastructure and research can unlock new production frontiers, boost economic growth in coastal regions, and enhance North America's position as a leader in sustainable aquaculture innovation.

Some of the key players operating in the North America aquaculture market are Cooke Aquaculture, American Aquafarms, Atlantic Sapphire, Clearwater Seafoods, Pacific Seafood Group, Grieg Seafood BC, Kuterra, Maine Aquaculture Innovation Center, Regal Springs Tilapia, and Mariculture Technologies Inc. These players offer innovative products at affordable prices that attract a large number of consumers, opening new opportunities for them in the coming years.

The overall North America aquaculture market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights into the topic. Participants in this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the North America aquaculture market.

Product Code: TIPRE00006660

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Analyst Market Outlook
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
3.3 Assumptions and Limitations

4. North America Aquaculture Market Landscape

4.1 Overview
4.2 Porter's Five Force Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturers
- 4.3.3 Distributors and Suppliers
- 4.3.4 End Users
- 4.3.5 List of Vendors in the Value Chain

5. North America Aquaculture Market - Key Market Dynamics

5.1 North America Aquaculture Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Surge in Demand and Consumption of Seafood
- 5.2.2 Favourable Government Initiatives
5.3 Market Restraints
- 5.3.1 Harmful Impact on Environment
5.4 Market Opportunities
- 5.4.1 Implementation of RAS Technology
5.5 Future Trends
- 5.5.1 Application of Fish Oil in Several Industries
5.6 Impact of Drivers and Restraints:

6. North America Aquaculture Market Analysis

6.1 North America Aquaculture Market Volume (Kilo Tons), 2021-2031
6.2 North America Aquaculture Market Volume Forecast and Analysis (Kilo Tons)
6.3 North America Aquaculture Market Revenue and Forecast (US$ Million), 2021-2031
6.4 North America Aquaculture Market Forecast and Analysis (US$ Million)

7. North America Aquaculture Market Volume and Revenue Analysis - by Product Type

7.1 Fish
- 7.1.1 Overview
- 7.1.2 Fish: North America Aquaculture Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.1.3 Fish: North America Aquaculture Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.1.4 Salmon
  - 7.1.4.1 Overview
  - 7.1.4.2 Salmon: North America Aquaculture Market - Volume and Forecast, 2021-2031 (Kilo Tons)
  - 7.1.4.3 Salmon: North America Aquaculture Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.1.5 Tuna
  - 7.1.5.1 Overview
  - 7.1.5.2 Tuna: North America Aquaculture Market - Volume and Forecast, 2021-2031 (Kilo Tons)
  - 7.1.5.3 Tuna: North America Aquaculture Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.1.6 Cod
  - 7.1.6.1 Overview
  - 7.1.6.2 Cod: North America Aquaculture Market - Volume and Forecast, 2021-2031 (Kilo Tons)
  - 7.1.6.3 Cod: North America Aquaculture Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.1.7 Others
  - 7.1.7.1 Overview
  - 7.1.7.2 Others: North America Aquaculture Market - Volume and Forecast, 2021-2031 (Kilo Tons)
  - 7.1.7.3 Others: North America Aquaculture Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Aquatic Plants
- 7.2.1 Overview
- 7.2.2 Aquatic Plants: North America Aquaculture Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.2.3 Aquatic Plants: North America Aquaculture Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.3 Crustaceans
- 7.3.1 Overview
- 7.3.2 Crustaceans: North America Aquaculture Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.3.3 Crustaceans: North America Aquaculture Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.4 Mollusca
- 7.4.1 Overview
- 7.4.2 Mollusca: North America Aquaculture Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.4.3 Mollusca: North America Aquaculture Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.5 Others
- 7.5.1 Overview
- 7.5.2 Others: North America Aquaculture Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.5.3 Others: North America Aquaculture Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. North America Aquaculture Market Volume and Revenue Analysis - by Culture Environment

8.1 Freshwater
- 8.1.1 Overview
- 8.1.2 Freshwater: North America Aquaculture Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 8.1.3 Freshwater: North America Aquaculture Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Marine Water
- 8.2.1 Overview
- 8.2.2 Marine Water: North America Aquaculture Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 8.2.3 Marine Water: North America Aquaculture Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.3 Brackish Water
- 8.3.1 Overview
- 8.3.2 Brackish Water: North America Aquaculture Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 8.3.3 Brackish Water: North America Aquaculture Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. North America Aquaculture Market - Country Analysis

9.1 North America
- 9.1.1 North America Aquaculture Market Breakdown, by Countries
- 9.1.2 North America Aquaculture Market - Forecast and Analysis - by Country
  - 9.1.2.1 North America Aquaculture Market - Volume and Forecast Analysis - by Country
  - 9.1.2.2 North America Aquaculture Market - Revenue and Forecast Analysis - by Country
  - 9.1.2.3 United States: Aquaculture Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.1.2.3.1 United States: Aquaculture Market Breakdown, by Product Type
    - 9.1.2.3.2 United States: Aquaculture Market Breakdown, by Culture Environment
  - 9.1.2.4 Canada: Aquaculture Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.1.2.4.1 Canada: Aquaculture Market Breakdown, by Product Type
    - 9.1.2.4.2 Canada: Aquaculture Market Breakdown, by Culture Environment
  - 9.1.2.5 Mexico: Aquaculture Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.1.2.5.1 Mexico: Aquaculture Market Breakdown, by Product Type
    - 9.1.2.5.2 Mexico: Aquaculture Market Breakdown, by Culture Environment

10. Competitive Landscape

10.1 Heat Map Analysis by Key Players
10.2 Company Positioning and Concentration

11. North America Aquaculture Market Industry Landscape

11.1 Overview
11.2 Mergers and Acquisitions
11.3 Agreements, Collaborations, And Joint Ventures
11.4 Expansions and Other Strategic Developments

12. Company Profiles

12.1 JBS SA
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 key Developments
12.2 Bakkafrost
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 SWOT Analysis
12.3 Blue Ridge Aquaculture, Inc.
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Cermaq Group AS
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 SWOT Analysis
12.5 Cooke Aquaculture Inc.
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Financial Overview
- 12.5.4 SWOT Analysis
- 12.5.5 Financial Overview
12.6 Danish Salmon
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Leroy Seafood Group ASA
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Business Description
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Mowi ASA
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Stolt-Nielsen Ltd
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 Thai Union Group PCL.
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners