Published by IMARC Services Private Limited
Posted on October 11, 2021
4 min readLast updated: January 29, 2026
The aquaculture market reached US$ 233.4 Billion in 2020, with a 5.7% CAGR expected through 2026. Key drivers include rising seafood demand and health benefits.
According to the latest report by IMARC Group, titled, “Aquaculture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global aquaculture market reached a value of around US$ 233.4 Billion in 2020. Looking forward, IMARC Group expects the global aquaculture market to grow at a CAGR of 5.7% during 2021-2026.
Aquaculture or aqua-farming refers to the cultivation of fishes, mollusks, crustaceans and other aquatic species in a controlled environment. It involves rearing, breeding, and harvesting of aquatic organisms in diverse types of water environments, including freshwater, marine water, and brackish water. The expanding aquaculture sector is primarily driven by the growing consumption of fishes, shrimps, lobsters, crabs, mollusks, etc., across the globe. These aquatic food products experience a high demand based on numerous associated health benefits, such as the reduced risk of cardiovascular diseases, enhanced metabolism, improved digestion, proper bone development, etc.
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Market Trends
Numerous aquaculture practices are adopted for gaining control over the quality of water and maintaining familiarity to improve the overall production capacity of aquatic food products. In recent times, there is a changing consumer inclination from high-calorie food items towards a protein-rich diet that includes a wide range of aquatic food products. In line with this, the rising consumer awareness towards the high content of magnesium, phosphorous, omega-3 fatty acids, protein, low-saturated fat, vitamin B6, etc., present in various seafood products is also propelling the market growth. Furthermore, the growing demand for processed, canned, and frozen seafood items based on the hectic work schedules and sedentary lifestyles of the consumers is also augmenting the demand for aquaculture practices.
Breakup by Fish Type:
Breakup by Environment:
Breakup by Distribution Channel:
Breakup by Region:
Competitive Landscape with Key Player:
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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The main topic is the global aquaculture market, its current value, growth trends, and future forecasts from 2021 to 2026.
The market growth is driven by increasing global consumption of seafood due to its health benefits and demand for protein-rich diets.
Key trends include the shift to protein-rich diets, demand for processed seafood, and consumer awareness of seafood's nutritional benefits.
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