Sustainable Aquaculture Market (Type - Ecological Aquaculture, Organic Aquaculture, Precision Aquaculture, and Others; Distribution Channel - Retailers, Food Service Providers, and Distributors): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

Sustainable Aquaculture Market (Type - Ecological Aquaculture, Organic Aquaculture, Precision Aquaculture, and Others; Distribution Channel - Retailers, Food Service Providers, and Distributors): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

Report Code: IGR0339 Category: Agriculture & Agrochemicals Published: January, 2024

A recent report published by Infinium Global Research on sustainable aquaculture market provides in-depth analysis of segments and sub-segments in the global as well as regional sustainable aquaculture market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional sustainable aquaculture market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global sustainable aquaculture market.

Market Insight:

The global sustainable aquaculture market was valued at USD 5.45 billion in 2022 and is expected to reach USD 12.8 billion in 2030, with a CAGR of 11.30% during the forecast period 2023-2030.

Sustainable aquaculture refers to the responsible and efficient farming of aquatic organisms, such as fish, mollusks, crustaceans, and aquatic plants, in a way that minimizes environmental impact, preserves biodiversity, and ensures the industry's long-term viability. It involves practices that aim to meet the growing demand for seafood while minimizing negative environmental effects and supporting local communities. Aquaculture involves the deliberate cultivation or farming of fish, shellfish, and aquatic plants under controlled conditions. The primary objective is to establish a sustainable source of aquatic-derived food and commercial products, aiming to enhance availability while minimizing environmental impact and safeguarding diverse aquatic species. Various forms of aquaculture exist, each exhibiting different levels of sustainability. Additionally, the escalating global population and rising incomes are anticipated to drive an increased demand for fish. As wild catch levels remain relatively stagnant, the growth in fish and seafood production has been predominantly attributed to the expansion of aquaculture. While aquaculture encounters challenges, including issues such as sea lice and pollution, numerous industry stakeholders actively engage in addressing and mitigating these challenges.

The increasing demand for sustainably sourced seafood and rising environmental awareness. Growing concerns about the environmental impact of traditional fishing practices have led to increased demand for sustainably sourced seafood. Consumers, regulators, and businesses are emphasizing the importance of responsible and eco-friendly aquaculture practices. Additionally, the implementation of regulations and certifications by governmental bodies worldwide is propelling the growth of the market. Governmental bodies worldwide are implementing regulations and certifications to encourage sustainable aquaculture practices. Certifications such as ASC (Aquaculture Stewardship Council) and BAP (Best Aquaculture Practices) set standards for responsible farming, driving the adoption of sustainable methods. However, financial barriers pose a challenge as sustainable practices in aquaculture typically entail higher upfront expenses, potentially limiting accessibility for low-income communities and high setup cost hamper the market growth. Moreover, sustainable aquaculture has the potential to unlock a blue economy revolution, creating thriving coastal communities, generating jobs, and empowering marginalized groups through inclusive practices and access to resources.

Global Sustainable Aquaculture Market Size, Share, Trends | IGR

North America is projected to hold the most prominent market share in the upcoming forecast period. North America experienced a surge in sustainable aquaculture initiatives, with the United States and Canada leading the way. Both countries invested in advanced technologies and practices to promote responsible farming of aquatic species. Furthermore, governments in the region implemented stringent regulations to encourage sustainable aquaculture. Certifications like the Aquaculture Stewardship Council (ASC) and Best Aquaculture Practices (BAP) were widely adopted to ensure adherence to sustainability standards. However, the Asia Pacific region is expected to fastest emerging during the forecast period. Asia Pacific led global aquaculture production, with countries like China, India, Indonesia, and Vietnam at the forefront. These nations heavily invested in sustainable practices to meet the escalating demand for seafood. The region saw rapid advancements in aquaculture technology, including the adoption of Recirculating Aquaculture Systems (RAS), improved feeds, and selective breeding techniques. These innovations aimed to boost efficiency and reduce environmental impact.

Report Scope of the Sustainable Aquaculture Market:

Report Coverage Details
Market Size in 2022 USD 5.45 Billion
Market Size by 2030 USD 12.8 Billion
Growth Rate from 2023 to 2030 CAGR of 11.30%
Largest Market North America
No. of Pages 180
Market Drivers
  • The increased demand for sustainably sourced seafood and rising environmental awareness.

  • The implementation of regulations and certifications by governmental bodies worldwide is propelling the growth of the market.

Market Segmentation By Type, and By Distribution Channel
Regional Scope North America, Europe, Asia Pacific, and RoW

Segment Covered

The report on global sustainable aquaculture market covers segments such as type, and distribution channel. On the basis of type, the sub-markets include ecological aquaculture, organic aquaculture, precision aquaculture, and others. On the basis of distribution channel, the sub-markets include retailers, food service providers, and distributor.

Companies Profiled:

The report provides profiles of the companies in the market such as ReelData, AKVA group, KnipBio, AQUABYTE INC., AquaMaof Aquaculture Technologies Ltd., Siemens AG, Aller Aqua, Clover Organic Pvt. Ltd., Solar Oysters, LLC., and Pacific Hybreed.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the sustainable aquaculture market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Frequently Asked Questions (FAQ's)

The global sustainable aquaculture market was valued at USD 5.45 Billion in 2022.
It is likely to grow at a CAGR of 11.30% during the forecast period 2023-2030.
The global sustainable aquaculture market is estimated to reach USD 12.8 Billion by the end of 2030.
North America is anticipated to exhibit high demand for sustainable aquaculture market during the forecast period.
ReelData, AKVA group, KnipBio, AQUABYTE INC., AquaMaof Aquaculture Technologies Ltd., Siemens AG, Aller Aqua, Clover Organic Pvt. Ltd., Solar Oysters, LLC., and Pacific Hybreed.

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