Aquaculture Products Market

Aquaculture Products Market Forecasts to 2030 - Global Analysis By Species (Aquatic Animals and Aquatic Plants), Culture (Brackish Water, Marine, Freshwater and Other Cultures), Production Type, Rearing Product Type, Sales Channel, Distribution Channel and By Geography

4.4 (24 reviews)
4.4 (24 reviews)
Published: 2023 ID: SMRC23320

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2023)

US $43.4 BN

Projected Year Value (2030)

US $80.3 BN

CAGR (2023 - 2030)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Asia Pacific

According to Stratistics MRC, the Global Aquaculture Products Market is accounted for $39.7 billion in 2023 and is expected to reach $71.1 billion by 2030 growing at a CAGR of 10.2% during the forecast period. Products from aquaculture are mostly utilized to advance aquafarming techniques. These products include the tools necessary for better pond care, feeding, chemically cleaning farms, and disease prevention. The sites where aquaculture is carried out are heavily prepared using these products.

Market Dynamics:


Rising health consciousness and environmental awareness

Fishmeal usage has significantly increased recently as a result of customers' growing health and environmental consciousness. Many aquatic animals' diets, including farmed fish, shrimp, and other aquaculture species, include fishmeal, a protein-rich feed ingredient made from wild fish. The demand for fishmeal as a dietary supplement has increased as individuals become more aware of the health benefits linked to ingesting fish-based protein, such as enhanced cardiovascular health and weight management. A growing number of people are also becoming aware of the benefits to the environment of using fishmeal as a feed ingredient because it is a renewable resource that helps the aquaculture industry grow while lowering the environmental impact of conventional livestock farming.


Increase in vegan population

The consumption of fish has decreased recently as a result of the rise of vegans. A lifestyle known as veganism aims to forgo using animal products on moral, environmental, or health grounds. As a result, a lot of vegans choose plant-based sources of protein over fish or any other animal-based foods. The fishing industry has been significantly impacted by this change in consumer behavior because there is less demand for fish products globally. Additionally, as people's understanding of the effects of fishing on the environment has grown, fewer people are consuming as much fish because they are thinking more carefully about the sustainability of their food choices.


Increase in incorporation of fishmeal in animal diet

Because fishmeal is recognized as a valuable source of high-quality protein, necessary amino acids, and other crucial elements for animal growth and development, its use in animal diets has increased recently. Fishmeal is widely used in the production of animal feed, especially in the aquaculture sector, where it is a crucial part of the diets of fish, shrimp, and other aquatic animals. However, due to its advantageous effects on animal health and performance, fishmeal is also increasingly being used in the diets of other animals, such as pigs, poultry, and dairy cattle.


Overfishing causing resource exploitation

Since overfishing causes fish populations to decline and marine ecosystems to deteriorate, it has become a serious environmental issue. When fishing pressure exceeds fish populations' capacity to regenerate, overfishing occurs, which reduces fish species' variety and abundance. Because many communities around the world rely on fishing for their livelihoods and food security, overfishing has serious economic and social repercussions. Overfishing, on the other hand, can result in decreased catches and the collapse of fish supplies, which can have detrimental effects on both human health and marine ecosystems.

Covid-19 Impact:

Due to the lockdown and subsequent quarantine brought on by the COVID-19 outbreak, a number of businesses were forced to either entirely suspend operations or drastically reduce output. This has a big impact on the business's capacity to turn a profit. However, despite the COVID-19 pandemic, the aquaculture industry will continue to grow rapidly due to the strong emphasis on innovations and R&D activities. Since the start of the SARS-CoV-2 epidemic, there has been an obvious rise in the number of corporate alliances, all of which have as their primary objective minimizing the financial harm brought on by the pandemic.

The aquatic animals segment is expected to be the largest during the forecast period

Aquatic Animals segment is expected to have largest share over the forecast period due to increasing growth of finfishes. Fish consumption has expanded as a result of the expanding worldwide population and the rising need for protein-rich diets. Fish is a healthy and sustainable source of protein. Additionally, improvements in aquaculture technology have made it simpler and more affordable to produce finfish, which has increased availability and lowered consumer prices. Furthermore, the industry has expanded as more people become aware of the positive health effects of eating fish, such as its high omega-3 content. Finally, the emergence of e-commerce and online marketplaces has facilitated customer access to a greater variety of finfish from around the world, contributing to the market's expansion.

The pharmaceuticals segment is expected to have the highest CAGR during the forecast period

Due to the growth of pharmaceuticals used for aquatic animal health, the pharmaceuticals category is anticipated to have the highest CAGR throughout the projection period. The aquaculture business, which is expanding quickly in response to the rising demand for seafood, is the main source of demand for aquatic animal health products. However, in order to maintain the health and well-being of aquatic animals as well as prevent and treat diseases that may result in large financial losses, medicines are essential in aquaculture.

Region with largest share:

With the help of nations like China, India, Japan, and Vietnam, the market for aquaculture products in the Asia-Pacific region is anticipated to expand rapidly. The region has witnessed a huge rise in overall investment over the past decade, especially in China and India. The current government investment has also substantially boosted market activity in China and India. The region has also seen a rise in seafood consumption in recent years. Additionally, the region's acceptance of seafood diets has considerably to do with the perceived advantages for people's health and the environment.

Region with highest CAGR:

Due to the region's rapid adoption of cutting-edge aquaculture technologies, large land available for aquaculture, favorable weather patterns, and affordable labor costs, Asia-Pacific commanded the global aquaculture products market with lucrative growth over the extrapolated period. Population growth, economic growth, and sociological variables like traditional fish consumption patterns all contribute to the demand for aquaculture firms in the Asia-Pacific region. Moreover, a gain in profitability has been attributed to the amount of efficient aquaculture technology currently available, and it is predicted that this trend will continue to fuel industry expansion.

Key players in the market

Some of the key players in Aquaculture Products market include Akva Group, Aquaculture Equipment, Aquaculture of Texas, Aquaculture System Technologies, Aquafarm Equipment, Asakua , CPI Equipment, Frea Aquaculture Solutions, Lifegard Aquatics, Luxsol, Pentair, Pioneer Groups, Reef Industries, Tan International and Xylem.

Key Developments:

In October 2021, Xylem expanded its regional footprint with the acquisition of Anadolu Flygt. The acquisition has enabled the company to serve a broader range of countries in the region and accelerate Xylem's growth in the Middle East market with an expanded suite of digital water solutions and proven systems for sustainable water use.

In September 2020, AKVA group and Vikings signed a design and cooperation agreement for the design of a number of land-based salmon farms in the Middle East AKVA group provides extensive experience in the design, construction, and operation of modern land-based fish farming.

In May 2020, Sperre was acquired by the AKVA Group. Sperre is located in the Norwegian subsea cluster Notodden. The company has extensive experience in developing and manufacturing a variety of advanced ROV solutions for aquaculture, oil service, and marine industries.

Rearing Product Types Covered:
• Equipment
• Fertilizers
• Chemicals
• Pharmaceuticals
• Other Rearing Product Types

Cultures Covered:
• Brackish Water
• Marine
• Freshwater
• Other Cultures

Production Types Covered:
• Medium & Large Scale
• Small Scale

Species Covered:
• Aquatic Animals
• Aquatic Plants

Sales Channels Covered:
• Traditional Retail
• Specialized Retailers
• Other Sales Channels

Distribution Channels Covered:
• Supermarkets and Hypermarkets
• Online Stores
• Other Distribution Channels

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Emerging Markets
3.7 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Aquaculture Products Market, By Rearing Product Type
5.1 Introduction
5.2 Equipment
5.2.1 Water Pumps & Filters
5.2.2 Containment Equipment
5.2.3 Water Circulating & Aerating Equipment
5.2.4 Feeders
5.2.5 Cleaning Equipment
5.2.6 Other Equipments
5.3 Fertilizers
5.4 Chemicals
5.5 Pharmaceuticals
5.6 Other Rearing Product Types

6 Global Aquaculture Products Market, By Culture
6.1 Introduction
6.2 Brackish Water
6.3 Marine
6.4 Freshwater
6.5 Other Cultures

7 Global Aquaculture Products Market, By Production Type
7.1 Introduction
7.2 Medium & Large Scale
7.3 Small Scale

8 Global Aquaculture Products Market, By Species
8.1 Introduction
8.2 Aquatic Animals
8.2.1 Finfish
8.2.2 Mollusks
8.2.3 Crustaceans
8.2.4 Other Aquatic Animals
8.3 Aquatic Plants
8.3.1 Seaweeds
8.3.2 Microalgae

9 Global Aquaculture Products Market, By Sales Channel
9.1 Introduction
9.2 Traditional Retail
9.3 Specialized Retailers
9.4 Other Sales Channels

10 Global Aquaculture Products Market, By Distribution Channel
10.1 Introduction
10.2 Supermarkets and Hypermarkets
10.3 Online Stores
10.4 Other Distribution Channels

11 Global Aquaculture Products Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa

12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 Company Profiling
13.1 Akva Group
13.2 Aquaculture Equipment
13.3 Aquaculture of Texas
13.4 Aquaculture System Technologies
13.5 Aquafarm Equipment
13.6 Asakua
13.7 CPI Equipment
13.8 Frea Aquaculture Solutions
13.9 Lifegard Aquatics
13.10 Luxsol
13.11 Pentair
13.12 Pioneer Groups
13.13 Reef Industries
13.14 Tan International
13.15 Xylem

List of Tables
1 Global Aquaculture Products Market Outlook, By Region (2021-2030) ($MN)
2 Global Aquaculture Products Market Outlook, By Rearing Product Type (2021-2030) ($MN)
3 Global Aquaculture Products Market Outlook, By Equipment (2021-2030) ($MN)
4 Global Aquaculture Products Market Outlook, By Water Pumps & Filters (2021-2030) ($MN)
5 Global Aquaculture Products Market Outlook, By Containment Equipment (2021-2030) ($MN)
6 Global Aquaculture Products Market Outlook, By Water Circulating & Aerating Equipment (2021-2030) ($MN)
7 Global Aquaculture Products Market Outlook, By Feeders (2021-2030) ($MN)
8 Global Aquaculture Products Market Outlook, By Cleaning Equipment (2021-2030) ($MN)
9 Global Aquaculture Products Market Outlook, By Other Equipments (2021-2030) ($MN)
10 Global Aquaculture Products Market Outlook, By Fertilizers (2021-2030) ($MN)
11 Global Aquaculture Products Market Outlook, By Chemicals (2021-2030) ($MN)
12 Global Aquaculture Products Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
13 Global Aquaculture Products Market Outlook, By Other Rearing Product Types (2021-2030) ($MN)
14 Global Aquaculture Products Market Outlook, By Culture (2021-2030) ($MN)
15 Global Aquaculture Products Market Outlook, By Brackish Water (2021-2030) ($MN)
16 Global Aquaculture Products Market Outlook, By Marine (2021-2030) ($MN)
17 Global Aquaculture Products Market Outlook, By Freshwater (2021-2030) ($MN)
18 Global Aquaculture Products Market Outlook, By Other Cultures (2021-2030) ($MN)
19 Global Aquaculture Products Market Outlook, By Production Type (2021-2030) ($MN)
20 Global Aquaculture Products Market Outlook, By Medium & Large Scale (2021-2030) ($MN)
21 Global Aquaculture Products Market Outlook, By Small Scale (2021-2030) ($MN)
22 Global Aquaculture Products Market Outlook, By Species (2021-2030) ($MN)
23 Global Aquaculture Products Market Outlook, By Aquatic Animals (2021-2030) ($MN)
24 Global Aquaculture Products Market Outlook, By Finfish (2021-2030) ($MN)
25 Global Aquaculture Products Market Outlook, By Mollusks (2021-2030) ($MN)
26 Global Aquaculture Products Market Outlook, By Crustaceans (2021-2030) ($MN)
27 Global Aquaculture Products Market Outlook, By Other Aquatic Animals (2021-2030) ($MN)
28 Global Aquaculture Products Market Outlook, By Aquatic Plants (2021-2030) ($MN)
29 Global Aquaculture Products Market Outlook, By Seaweeds (2021-2030) ($MN)
30 Global Aquaculture Products Market Outlook, By Microalgae (2021-2030) ($MN)
31 Global Aquaculture Products Market Outlook, By Sales Channel (2021-2030) ($MN)
32 Global Aquaculture Products Market Outlook, By Traditional Retail (2021-2030) ($MN)
33 Global Aquaculture Products Market Outlook, By Specialized Retailers (2021-2030) ($MN)
34 Global Aquaculture Products Market Outlook, By Other Sales Channels (2021-2030) ($MN)
35 Global Aquaculture Products Market Outlook, By Distribution Channel (2021-2030) ($MN)
36 Global Aquaculture Products Market Outlook, By Supermarkets and Hypermarkets (2021-2030) ($MN)
37 Global Aquaculture Products Market Outlook, By Online Stores (2021-2030) ($MN)
38 Global Aquaculture Products Market Outlook, By Other Distribution Channels (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.


Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.