Aquaculture Market Size, Share, Growth Analysis, By Environment (Marine water, Freshwater), By Fish Type (Normal Semen, Sexed Semen), By Region -Industry Forecast 2024-2031.

Global Aquaculture Market size was valued at USD 280 billion in 2022 and is poised to grow from USD 294.56 billion in 2023 to USD 441.88 billion by 2031, growing at a CAGR of 5.20% during the forecast period (2024-2031).

The production of aquatic animals such as fin fish, carp, mollusks, crabs, and aquatic plants is known as aquaculture, also referred to as aqua farming. This farming technique uses interventions to boost productivity, such as regular stocking, feeding, and predator protection. There is a lot of genetic variety among and between the 580 aquaculture species that are cultivated around the world. Aquaculture is practiced by certain farmers in developing countries and multinational corporations that can claim ownership of the farmed animals. Many people's cultural traditions include eating fish, which has a great nutritional profile. It is crucial for human health as a source of protein, fatty acids, vitamins, minerals, and micronutrients.

The production of farmed fish can be exported by developed nations to other developed nations while developing nations can increase their exports by sending goods to developed nations without paying high customs duties. The challenge of global food supply security brought on by population increase and rising protein consumption is what is fueling the rise of the aquaculture industry. Also, zooplankton, a substantial protein source, aids in the market's rise. The sector is expanding as a result of new technological developments in fish farming and seaweed production. There are many opportunities for the sector to grow as inland fish production grows. Additionally, technological advancements in seaweed and fish aquaculture contribute to market expansion.

US Aquaculture Market is poised to grow at a sustainable CAGR for the next forecast year.