Aquaculture Products Market Size and Share

Aquaculture Products Market Summary
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Aquaculture Products Market Analysis by Mordor Intelligence

The aquaculture products market size was valued at USD 227 billion in 2025 and is projected to grow from USD 238.42 billion in 2026 to USD 304.64 billion by 2031, at a CAGR of 5.03% during 2026-2031. This growth is driven by the increasing dominance of farmed aquatic animal production. According to the Food and Agriculture Organization, aquaculture is projected to account for 56% of total global fisheries and aquaculture production by the year 2034, significantly influencing the global seafood supply chain. The Food and Agriculture Organization also reported that global aquaculture output reached 104.1 million metric tons in 2025, up from 101.4 million metric tons in 2024, sustaining demand for feed, equipment, fertilizers, and additives across major producing countries. According to the Ministry of Fisheries, Animal Husbandry and Dairying, the Asia-Pacific region remained the focal point of the aquaculture products market in 2025, with China continuing as a key shrimp producer and India’s fish production reaching 19.7 million metric tons during fiscal year 2024-25. The market is also being shaped by increased investments in formulation science, automation, and health management technologies. These advancements are improving feed efficiency, reducing disease risks, and enhancing environmental performance in intensive farming systems.

Key Report Takeaways

  • By product type, the aquaculture products market share for the feed segment accounted for the largest 40.0% in 2025, and the aquaculture products market size for the chemicals and additives segment is projected to grow the fastest at a 13.5% CAGR from 2026 to 2031.
  • By culture environment, the aquaculture products market share for the freshwater segment accounted for the largest 55.0% in 2025, while the aquaculture products market size for the marine segment is projected to grow the fastest at a 12.0% CAGR from 2026 to 2031.
  • By species, the aquaculture products market share for the carps accounted for the largest 32.0% in 2025, whereas the aquaculture products market size for the shrimp and prawn segment is advancing at the fastest 11.5% CAGR from 2026 to 2031. 
  • By geography, the aquaculture products market share for Asia-Pacific accounted for the largest 68.0% in 2025, while the aquaculture products market size for the Middle East is projected to grow the fastest at a 10.6% CAGR from 2026 to 2031. 

Note: Market size and forecast figures in this report are generated using Mordor Intelligence’s proprietary estimation framework, updated with the latest available data and insights as of 2026.

Segment Analysis

By Product Type: Feed Anchors Market Share, While Additives Emerge as the Fastest-Growing Pivot

The aquaculture products market share for the feed segment held the largest 40.0% in 2025. This dominance is attributed to the reliance of intensive fish and shrimp farming systems on nutritionally balanced formulations to sustain growth performance, feed conversion, and survival rates. Commercial aquaculture producers are increasingly adopting functional feed containing probiotics, immune-support ingredients, omega-3 enrichment, and alternative proteins to enhance production efficiency and disease resilience. Additionally, export-oriented farms demand traceable and certified feed products to meet retail and international seafood sourcing standards. These factors continue to reinforce the critical role of feed in commercial aquaculture operations worldwide.

The aquaculture products market size for the chemicals and additives segment is projected to grow the fastest at a 13.5% CAGR from 2026 to 2031. The rising demand for water-treatment compounds, disinfectants, probiotics, and health-support additives is driven by the need for stronger disease management and water-quality control in intensive aquaculture systems. The adoption of recirculating aquaculture systems and high-density pond farming has further increased the use of biosecurity products and monitoring solutions. Additionally, equipment is gaining importance as producers invest in automation, aeration systems, and feeding technologies. Fertilizers remain significant in freshwater pond farming, particularly in carp and tilapia production systems, where nutrient management supports productivity in large-scale inland aquaculture operations globally.

Aquaculture Products Market: Market Share by Product Type
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Aquaculture Products Market: Market Share by Product Type

By Culture Environment: Freshwater Anchors Volume, Marine Drives Innovation Capital

The aquaculture products market share for the freshwater segment held the largest 55.0% in 2025. Freshwater aquaculture remains the leading contributor to global production, driven by the prevalence of inland pond systems used for farming carp, tilapia, and catfish, particularly in the Asia-Pacific region. Large-scale freshwater operations rely on consistent feed supply, pond fertilizers, aeration systems, and health-management products to ensure stable production. Government-supported aquaculture expansion initiatives and improved access to technical support services are further promoting intensive inland fish farming practices. Freshwater systems are commercially significant due to their relatively lower production costs and greater accessibility for producers in developing aquaculture economies.

The aquaculture products market size for the marine segment is projected to grow the fastest at a 12.0% CAGR from 2026 to 2031. Marine aquaculture is advancing through offshore salmon farming, seawater recirculating aquaculture systems, and diversification into high-value marine species. Producers are increasingly investing in oxygen management, precision feeding, water-quality monitoring, and automated farm-control systems to support higher stocking densities and meet stricter environmental regulations. Additionally, closed-containment production models are gaining traction as coastal permitting and environmental restrictions tighten in several regions. These developments are driving global demand for advanced aquaculture technologies, biosecurity inputs, and specialized marine feed formulations.

By Species: Carps Provide Scale, Shrimp and Prawn Drive the Value Growth Frontier

The aquaculture products market share for the carps accounted for the largest 32.0% in 2025. Carp farming remains the leading species category due to its well-established production across China, India, Bangladesh, and Southeast Asia. The use of large freshwater pond systems continues to drive demand for feed, fertilizers, aeration systems, and routine farm-management inputs in commercial carp production. Carp farming typically operates at lower production costs compared to premium seafood species, making it widely adopted by small-scale and mid-sized aquaculture producers. Additionally, the segment benefits from strong regional food demand and its extensive integration into inland aquaculture systems within Asia-Pacific's high-volume freshwater farming industry.

The aquaculture products market size for the shrimp and prawn segment is advancing at the fastest 11.5% CAGR from 2026 to 2031. Shrimp farming is increasingly attracting investments in precision feeding systems, pond monitoring technologies, water-treatment products, and biosecurity solutions, as disease exposure and survival management remain critical challenges. Export-oriented shrimp production systems also require enhanced traceability, feed certification, and environmental compliance to meet the standards of premium international seafood markets. Advanced health-management practices and automation technologies are becoming essential as producers aim to achieve better feed conversion, higher productivity, and improved disease resistance in intensive shrimp aquaculture operations worldwide.

Aquaculture Products Market: Market Share by Species
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Aquaculture Products Market: Market Share by Species

Geography Analysis

The aquaculture products market share for Asia-Pacific accounted for the largest 68.0% in 2025. This dominance is attributed to the extensive freshwater and marine farming systems in countries such as China, India, Vietnam, Indonesia, and Bangladesh. The region exhibits high demand for aquafeed, pond-management products, aeration systems, and aquatic animal health inputs. Additionally, large-scale production of shrimp, carp, and tilapia continues to drive the consumption of commercial aquaculture products. Factors such as public financing support, export-oriented seafood industries, and the increasing adoption of intensive farming systems are further promoting the use of advanced aquaculture technologies in the region's commercial fish and shrimp production infrastructure.

The aquaculture products market size for the Middle East is projected to grow the fastest at a 10.6% CAGR from 2026 to 2031. This growth is driven by food-security policies, hatchery expansion projects, and investments in recirculating aquaculture systems aimed at water-efficient fish production. In Europe, the focus remains on sustainable salmon farming, traceability standards, and environmental compliance. South America continues to play a significant role through its export-driven salmon and shrimp industries. Meanwhile, North America is investing in domestic aquaculture expansion through automation and controlled-environment farming systems. These advancements are boosting demand for feed, water-treatment products, monitoring technologies, and biosecurity solutions across global aquaculture production networks.

Europe and South America represent two distinct regional clusters in the aquaculture products market, both influenced by high-value species and stringent operational standards. According to the Food and Agriculture Organization, in Europe, Norway's salmon-focused system remains the largest contributor, with farmed cod gaining prominence in 2025, surpassing half of fresh cod exports. According to the European Commission's 2025 review of global marine fishery resources and the European Union's aquaculture policy, there is a continued emphasis on sustainable aquaculture growth[3]Source: European Commission Joint Research Centre, “Review of the State of World Marine Fishery Resources – 2025,” ec.europa.eu. In South America, Chile faces ongoing disease risks in salmon farming, including the emergence of new Aeromonas salmonicida variants, which complicate health management efforts. Meanwhile, Ecuador's shrimp industry remains strategically significant, driving demand for premium feed, precision tools, and health inputs within its export-oriented production system.

Aquaculture Products Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The \aquaculture products market remains fragmented, with major key players such as Cargill, Incorporated, Evonik Industries AG, Nutreco N.V. (SHV Holdings N.V.), BioMar Group A/S, and Thai Union Feedmill Public Company Limited holding strong positions due to their expertise in feed formulation, automation technologies, farm analytics, and aquatic animal health solutions. Competitive differentiation is increasingly driven by digital monitoring, sustainable sourcing, precision feeding systems, and integrated aquaculture management platforms, rather than scale alone. Technology-focused suppliers are gaining importance as intensive farming systems demand higher operational efficiency and improved environmental control.

Vertical integration is becoming increasingly important because large aquaculture companies seek stronger control over feed quality, disease management, and production economics. Suppliers are broadening their capabilities in nutrition, farm software, sensors, genetics, and monitoring technologies to deliver integrated operational ecosystems. Equipment manufacturers are also advancing digital platforms for biomass tracking, automated feeding, and real-time environmental monitoring. Certification requirements and export-market traceability standards favor companies that can ensure consistent formulation quality and provide technical support across multiple regions. These developments are driving strategic partnerships, increased research investments, and deeper integration among feed suppliers, technology providers, and seafood producers worldwide.

Competitive positioning increasingly depends on research capability, sustainability compliance, and integrated production systems rather than solely on production scale. According to the Mowi ASA Annual Report 2024, the company’s feed division generated EUR 1.12 billion (USD 1.21 billion) in revenue during 2024, underscoring the growing significance of vertically integrated aquaculture feed operations. Suppliers are also making significant investments in precision feeding software, recirculating aquaculture technologies, and health-management solutions to support intensive seafood farming systems. Market leadership remains distributed across feed, equipment, genetics, additives, and monitoring technologies, as no single supplier dominates the entire global aquaculture supply ecosystem.

Aquaculture Products Industry Leaders

  1. Cargill, Incorporated

  2. Evonik Industries AG

  3. Nutreco N.V. (SHV Holdings N.V.)

  4. BioMar Group A/S (Schouw & Co.)

  5. Thai Union Feedmill Public Company Limited

  6. *Disclaimer: Major Players sorted in no particular order
Aquaculture Products Market Concentration
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Recent Industry Developments

  • February 2026: Thai Union Feedmill Public Company Limited entered into a Memorandum of Understanding (MoU) with the Bangladesh Shrimp and Fish Foundation to enhance aquaculture collaboration across South and Southeast Asia. The agreement emphasizes technology transfer, sustainable shrimp and fish farming, aquafeed development, and the improvement of production standards for species including whiteleg shrimp, black tiger shrimp, giant freshwater prawn, and barramundi.
  • December 2025: Mowi ASA and Skretting, the aquaculture feed division of Nutreco N.V., have announced a strategic industrial feed partnership. Under this agreement, Mowi's mills located in Valsneset, Norway, and Kyleakin, Scotland, with a combined production capacity of 700,000 metric tons, will manufacture feed using Skretting's proprietary formulations.
  • March 2025: BioMar Group A/S entered into an agreement to acquire full ownership of LetSea, a leading aquaculture research center in Norway. This acquisition aims to enhance innovation in fish feed, waterborne feeding systems, and aquaculture technology development. It also expands BioMar’s research capabilities in fish health, feed ingredients, and seawater production systems.

Table of Contents for Aquaculture Products Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising seafood protein demand
    • 4.2.2 Declining wild-capture fish stocks
    • 4.2.3 Government incentives for sustainable fish farming
    • 4.2.4 Recirculating aquaculture systems and automation adoption
    • 4.2.5 AI-enabled precision feeding and biomass analytics
    • 4.2.6 Blue-carbon and nutrient-credit monetization for low-emission farms
  • 4.3 Market Restraints
    • 4.3.1 Disease outbreaks and rising biosecurity spending
    • 4.3.2 Volatile fishmeal and soy protein costs
    • 4.3.3 Social license pressure from coastal communities
    • 4.3.4 Scarcity of marine drug regulatory approvals
  • 4.4 Regulatory Landscape
  • 4.5 Technological Outlook
  • 4.6 Porter's Five Forces Analysis
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitutes
    • 4.6.5 Intensity of Competitive Rivalry

5. Market Size and Growth Forecasts (Value)

  • 5.1 By Product Type
    • 5.1.1 Feed
    • 5.1.2 Equipment
    • 5.1.3 Fertilizers
    • 5.1.4 Chemicals and Additives
  • 5.2 By Culture Environment
    • 5.2.1 Freshwater
    • 5.2.2 Marine
    • 5.2.3 Brackish Water
  • 5.3 By Species
    • 5.3.1 Carps
    • 5.3.2 Salmonids
    • 5.3.3 Tilapia
    • 5.3.4 Shrimp and Prawn
    • 5.3.5 Mollusks
    • 5.3.6 Others
  • 5.4 By Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
    • 5.4.1.4 Rest of North America
    • 5.4.2 South America
    • 5.4.2.1 Brazil
    • 5.4.2.2 Ecuador
    • 5.4.2.3 Chile
    • 5.4.2.4 Rest of South America
    • 5.4.3 Europe
    • 5.4.3.1 Norway
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 Russia
    • 5.4.3.4 Rest of Europe
    • 5.4.4 Asia-Pacific
    • 5.4.4.1 China
    • 5.4.4.2 India
    • 5.4.4.3 Vietnam
    • 5.4.4.4 Indonesia
    • 5.4.4.5 Rest of Asia-Pacific
    • 5.4.5 Middle East
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 United Arab Emirates
    • 5.4.5.3 Turkey
    • 5.4.5.4 Rest of Middle East
    • 5.4.6 Africa
    • 5.4.6.1 Egypt
    • 5.4.6.2 South Africa
    • 5.4.6.3 Nigeria
    • 5.4.6.4 Rest of Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (Includes Global Level Overview, Market Level Overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 Cargill, Incorporated
    • 6.4.2 Nutreco N.V. (SHV Holdings N.V.)
    • 6.4.3 BioMar Group A/S (Schouw & Co.)
    • 6.4.4 Evonik Industries AG
    • 6.4.5 AKVA group ASA
    • 6.4.6 Xylem Inc.
    • 6.4.7 Pentair plc
    • 6.4.8 Cooke Aquaculture Inc.
    • 6.4.9 Cermaq Group AS (Mitsubishi Corporation)
    • 6.4.10 Aller Aqua A/S
    • 6.4.11 Ridley Corporation Limited
    • 6.4.12 Benchmark Holdings plc
    • 6.4.13 BASF SE
    • 6.4.14 DSM-Firmenich AG
    • 6.4.15 Thai Union Feedmill Public Company Limited

7. Market Opportunities and Future Outlook

Global Aquaculture Products Market Report Scope

Aquaculture products consist of aquatic organisms such as finfish, shellfish (including crustaceans and mollusks), and plants like seaweed, which are cultivated and harvested under controlled conditions. These organisms are raised in freshwater, brackish water, or marine environments with interventions such as feeding and protection to enhance production. They are utilized for food, trade, or restoration purposes. The aquaculture products market report is segmented by product type (feed, equipment, fertilizers, and chemicals and additives), by culture environment (freshwater, marine, and brackish water), by species (carps, salmonids, tilapia, shrimp and prawn, mollusks, and other species), and by geography (North America, South America, Europe, Asia-Pacific, Middle East, and Africa). The market forecasts are provided in terms of value (USD). 

By Product Type
Feed
Equipment
Fertilizers
Chemicals and Additives
By Culture Environment
Freshwater
Marine
Brackish Water
By Species
Carps
Salmonids
Tilapia
Shrimp and Prawn
Mollusks
Others
By Geography
North AmericaUnited States
Canada
Mexico
Rest of North America
South AmericaBrazil
Ecuador
Chile
Rest of South America
EuropeNorway
United Kingdom
Russia
Rest of Europe
Asia-PacificChina
India
Vietnam
Indonesia
Rest of Asia-Pacific
Middle EastSaudi Arabia
United Arab Emirates
Turkey
Rest of Middle East
AfricaEgypt
South Africa
Nigeria
Rest of Africa
By Product TypeFeed
Equipment
Fertilizers
Chemicals and Additives
By Culture EnvironmentFreshwater
Marine
Brackish Water
By SpeciesCarps
Salmonids
Tilapia
Shrimp and Prawn
Mollusks
Others
By GeographyNorth AmericaUnited States
Canada
Mexico
Rest of North America
South AmericaBrazil
Ecuador
Chile
Rest of South America
EuropeNorway
United Kingdom
Russia
Rest of Europe
Asia-PacificChina
India
Vietnam
Indonesia
Rest of Asia-Pacific
Middle EastSaudi Arabia
United Arab Emirates
Turkey
Rest of Middle East
AfricaEgypt
South Africa
Nigeria
Rest of Africa

Key Questions Answered in the Report

What is the current value of the aquaculture products market?

The aquaculture products market stands at USD 238.42 billion in 2026.

Which region leads global demand for aquaculture inputs?

Asia-Pacific led with the largest 68% market share in 2025.

Which product category generates the most revenue?

Feed is the largest product type with 40% aquaculture product market share in 2025 because it remains the biggest cost item in most farming systems.

Which segment is growing the fastest by species?

Shrimp and prawn is the fastest-growing species segment, with an 11.5% CAGR from 2026 to 2031.

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