Freshwater Fish Market Size and Share
Freshwater Fish Market Analysis by Mordor Intelligence
The Freshwater Fish Market size is estimated at USD 247.62 billion in 2025, and is expected to reach USD 290.42 billion by 2030, at a CAGR of 3.24% during the forecast period (2025-2030).
The global freshwater fish market is experiencing substantial growth, driven by increasing consumer demand for protein-rich diets and the recognition of fish as a healthier alternative to red meat. Rising global population and shifting dietary preferences have led to higher consumption of freshwater fish like tilapia, catfish, carp, and trout. Emerging economies, particularly in Asia and Africa, are witnessing rapid growth in fish farming due to rising disposable incomes and government incentives promoting sustainable aquaculture.
Technological advancements have significantly enhanced the efficiency and productivity of freshwater aquaculture. Innovations such as recirculating aquaculture systems (RAS), biofloc technology, and selective breeding have led to higher yields with lower environmental impact. Precision aquaculture tools, including automated feeding systems and real-time water quality monitoring, have optimized farming operations, reducing fish mortality rates and improving overall production. In October 2024, the Ministry of Fisheries, Oceans and the Canadian Coast Guard unveiled a USD 5 million allocation under the Indigenous Fisheries Monitoring Fund. This initiative enhances the fisheries monitoring and catch reporting capabilities of Indigenous groups, a key component for ensuring sustainable fisheries.
The Asia-Pacific region dominates global freshwater aquaculture, with China, India, Indonesia, Vietnam, and Bangladesh leading production. These countries benefit from favorable climatic conditions, vast water resources, and strong government support for the aquaculture sector. According to the Department of Fisheries, Government of India, production of freshwater fish reached 13.9 million metric tons during 2023-2024, which was 13.1 million metric tons during 2022-2023. Beyond Asia, regions like South America (notably Brazil) and Africa (led by Egypt and Nigeria) are emerging as important players, driven by growing investments in aquaculture infrastructure and increasing local fish consumption.
The expansion of e-commerce and improvements in cold chain logistics have further boosted market accessibility by enabling fresh and frozen fish products to reach consumers more efficiently. According to the Canadian Aquaculture Industry Alliance (CAIA), 80% of Canadians are consumers of fish, and data from Statistics Canada shows that annual per capita consumption of fish has reached 7.7kg in 2023. Online seafood retailing and direct farm-to-consumer models are gaining traction, particularly in urban markets, where demand for convenient, high-quality seafood is rising. With continued investments in research, infrastructure, and sustainable farming practices, the global freshwater fish market is set for long-term growth, supporting global food security while promoting economic development in key aquaculture-producing regions.
Global Freshwater Fish Market Trends and Insights
Frozen Fish is the Fastest Growing Segment
The frozen fish segment has emerged as the fastest-growing segment in the global freshwater aquaculture market, driven by increasing consumer demand for convenient, long-lasting seafood options. The rising global population, urbanization, rising income, and changing dietary habits have influenced the consumption of frozen fish products, particularly in developing economies where cold chain logistics are improving. The United States Census Bureau reports an annual growth rate of 2.27% in per capita income, which supports the expansion of frozen freshwater aquaculture. The growth of quick-service restaurants (QSRs), retail chains, and e-commerce platforms has made frozen fish more accessible and affordable.
Technological advancements in freezing techniques have enhanced frozen fish quality, maintaining its nutritional value, taste, and texture. Individual quick freezing (IQF) and super-freezing technology have improved product quality and shelf life, reducing the perception that frozen fish are inferior to fresh alternatives. Improved packaging solutions, including vacuum-sealed and modified atmosphere packaging, have increased consumer confidence in frozen fish products. The availability of various freshwater species, such as tilapia, catfish, pangasius, and carp, has supported market growth, as these species adapt well to frozen storage and maintain their texture when thawed.
From a supply chain perspective, frozen fish offers advantages over fresh fish in logistics and distribution. Unlike fresh fish, which requires rapid turnover, frozen fish can be stored and transported over longer distances without spoilage risk. This has enabled producers to expand their market reach and access international trade opportunities. According to the ITC Trade Map, in 2023, the import of frozen tilapia in the United States increased to 43.2 thousand metric tons, which was 39.5 thousand metric tons in 2022. Similarly, in Colombia, the import of frozen catfish increased to 15.6 thousand metric tons in 2023, which was 14.3 thousand metric tons in 2022. Hence, the frozen freshwater aquaculture segment continues to grow due to consumer preferences, technological advancements, and logistical efficiencies.
Asia-Pacific is Dominating the Market
The Asia-Pacific region dominates the global freshwater aquaculture market due to abundant water resources, favorable climatic conditions, and strong government support. Countries like China, India, Indonesia, Vietnam, and Bangladesh are major contributors, with extensive river systems, lakes, and reservoirs providing ideal fish farming environments. The World Bank forecasts that Asian countries will account for 70% of global fish consumption by 2030. According to the OECD, China contributes 38% of worldwide aquaculture consumption. China and other Asia-Pacific countries are investing in aquaculture development to meet growing aquafeed demand. The Australian Department of Agriculture, Fisheries, and Forestry projects that aquaculture production volume will reach 300,000.0 metric tons by 2027-28. The increasing demand for fish protein, population growth, and economic development have driven large-scale aquaculture production across the region. Traditional dietary preferences in Asian countries emphasizing fish consumption further drive demand for farmed freshwater species such as carp, tilapia, catfish, and pangasius.
Government policies and initiatives have been instrumental in expanding the Asia-Pacific aquaculture sector. In China, the world's largest aquaculture producer, policies supporting modern fish farming techniques and infrastructure development have increased production. The Department of Fisheries, Government of India, has implemented inland fisheries development through flagship schemes like PMMSY and FIDF. Under PMMSY, the Department has sanctioned 23,285 ha of new pond area and approved reservoir cages across States/UTs. The Department emphasizes technology-driven aquaculture through RAS and Biofloc interventions to increase production and productivity. The government is establishing brood banks and hatcheries nationwide to ensure timely seed availability to fish farmers. India allocated ₹2,118.47 crore (USD 244 million) to the Department of Fisheries in the Union Budget 2023-24, a 73.52% increase from the previous year's ₹1,220.84 crore (USD 140 million). Vietnam and Indonesia focus on export-oriented aquaculture to strengthen their international market presence.
The region maintains a well-established seafood processing and export industry, serving as a key supplier of freshwater fish to international markets. Vietnam and Thailand have developed robust processing infrastructure for exporting frozen and processed fish products to Europe, North America, and the Middle East. According to the ITC Trade Map, Thailand's fresh or chilled catfish exports increased from 2.2 thousand metric tons in 2022 to 2.4 thousand metric tons in 2023. E-commerce growth and cold chain logistics improvements have enhanced market access, enabling aquaculture businesses to reach urban consumers efficiently. Through continued investments in aquaculture infrastructure, sustainable farming practices, and government initiatives, Asia-Pacific is anticipated to maintain its position as the largest and fastest-growing global freshwater aquaculture market, supporting regional food security and economic growth.
Recent Industry Developments
- October 2024: The Ministry of Fisheries, Oceans, and the Canadian Coast Guard allocated USD 5 million through the Indigenous Fisheries Monitoring Fund to improve fisheries monitoring and catch reporting by Indigenous groups, supporting sustainable fisheries management.
- October 2024: The Tamil Nadu Fisheries and Fishermen Welfare Department released 4.5 lakh native fish fingerlings into the Cauvery River at Mukkombu under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) scheme 2024-25. This initiative aims to increase native fish populations in both the Cauvery and Kollidam rivers.
Global Freshwater Fish Market Report Scope
Freshwater fish are species that live partially or entirely in water bodies such as rivers, lakes, ponds, and inland wetlands, where the salinity remains below 1.05%. The Freshwater Fish Market is segmented by Type (Tilapia, Catfish, Carp, Trout, and Others), Form (Fresh and Frozen), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa). The report includes the Production (Volume), Consumption (Value and Volume), Trade in terms of Import (Value and Volume) and Export (Value and Volume), and Price Trend Analysis. The report offers the market size and forecasts in terms of value in USD and volume metric tons for all the above segments.
| Tilapia |
| Catfish |
| Carp |
| Trout |
| Others |
| Fresh |
| Frozen |
| North America | United States | Production Analysis (Volume) |
| Consumption Analysis (Value and Volume) | ||
| Import Market Analysis (Value and Volume) | ||
| Export Market Analysis (Value and Volume) | ||
| Price Trend Analysis | ||
| Canada | Production Analysis (Volume) | |
| Consumption Analysis (Value and Volume) | ||
| Import Market Analysis (Value and Volume) | ||
| Export Market Analysis (Value and Volume) | ||
| Price Trend Analysis | ||
| Mexico | Production Analysis (Volume) | |
| Consumption Analysis (Value and Volume) | ||
| Import Market Analysis (Value and Volume) | ||
| Export Market Analysis (Value and Volume) | ||
| Price Trend Analysis | ||
| Europe | Germany | Production Analysis (Volume) |
| Consumption Analysis (Value and Volume) | ||
| Import Market Analysis (Value and Volume) | ||
| Export Market Analysis (Value and Volume) | ||
| Price Trend Analysis | ||
| United Kingdom | Production Analysis (Volume) | |
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| Price Trend Analysis | ||
| France | Production Analysis (Volume) | |
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| Export Market Analysis (Value and Volume) | ||
| Price Trend Analysis | ||
| Russia | Production Analysis (Volume) | |
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| Spain | Production Analysis (Volume) | |
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| Price Trend Analysis | ||
| Asia Pacific | India | Production Analysis (Volume) |
| Consumption Analysis (Value and Volume) | ||
| Import Market Analysis (Value and Volume) | ||
| Export Market Analysis (Value and Volume) | ||
| Price Trend Analysis | ||
| China | Production Analysis (Volume) | |
| Consumption Analysis (Value and Volume) | ||
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| Export Market Analysis (Value and Volume) | ||
| Price Trend Analysis | ||
| Japan | Production Analysis (Volume) | |
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| Price Trend Analysis | ||
| Australia | Production Analysis (Volume) | |
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| Price Trend Analysis | ||
| South America | Brazil | Production Analysis (Volume) |
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| Argentina | Production Analysis (Volume) | |
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| Price Trend Analysis | ||
| Middle East & Africa | Egypt | Production Analysis (Volume) |
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| Price Trend Analysis | ||
| South Africa | Production Analysis (Volume) | |
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| Price Trend Analysis | ||
| Type | Tilapia | ||
| Catfish | |||
| Carp | |||
| Trout | |||
| Others | |||
| Form | Fresh | ||
| Frozen | |||
| Geography | North America | United States | Production Analysis (Volume) |
| Consumption Analysis (Value and Volume) | |||
| Import Market Analysis (Value and Volume) | |||
| Export Market Analysis (Value and Volume) | |||
| Price Trend Analysis | |||
| Canada | Production Analysis (Volume) | ||
| Consumption Analysis (Value and Volume) | |||
| Import Market Analysis (Value and Volume) | |||
| Export Market Analysis (Value and Volume) | |||
| Price Trend Analysis | |||
| Mexico | Production Analysis (Volume) | ||
| Consumption Analysis (Value and Volume) | |||
| Import Market Analysis (Value and Volume) | |||
| Export Market Analysis (Value and Volume) | |||
| Price Trend Analysis | |||
| Europe | Germany | Production Analysis (Volume) | |
| Consumption Analysis (Value and Volume) | |||
| Import Market Analysis (Value and Volume) | |||
| Export Market Analysis (Value and Volume) | |||
| Price Trend Analysis | |||
| United Kingdom | Production Analysis (Volume) | ||
| Consumption Analysis (Value and Volume) | |||
| Import Market Analysis (Value and Volume) | |||
| Export Market Analysis (Value and Volume) | |||
| Price Trend Analysis | |||
| France | Production Analysis (Volume) | ||
| Consumption Analysis (Value and Volume) | |||
| Import Market Analysis (Value and Volume) | |||
| Export Market Analysis (Value and Volume) | |||
| Price Trend Analysis | |||
| Russia | Production Analysis (Volume) | ||
| Consumption Analysis (Value and Volume) | |||
| Import Market Analysis (Value and Volume) | |||
| Export Market Analysis (Value and Volume) | |||
| Price Trend Analysis | |||
| Spain | Production Analysis (Volume) | ||
| Consumption Analysis (Value and Volume) | |||
| Import Market Analysis (Value and Volume) | |||
| Export Market Analysis (Value and Volume) | |||
| Price Trend Analysis | |||
| Asia Pacific | India | Production Analysis (Volume) | |
| Consumption Analysis (Value and Volume) | |||
| Import Market Analysis (Value and Volume) | |||
| Export Market Analysis (Value and Volume) | |||
| Price Trend Analysis | |||
| China | Production Analysis (Volume) | ||
| Consumption Analysis (Value and Volume) | |||
| Import Market Analysis (Value and Volume) | |||
| Export Market Analysis (Value and Volume) | |||
| Price Trend Analysis | |||
| Japan | Production Analysis (Volume) | ||
| Consumption Analysis (Value and Volume) | |||
| Import Market Analysis (Value and Volume) | |||
| Export Market Analysis (Value and Volume) | |||
| Price Trend Analysis | |||
| Australia | Production Analysis (Volume) | ||
| Consumption Analysis (Value and Volume) | |||
| Import Market Analysis (Value and Volume) | |||
| Export Market Analysis (Value and Volume) | |||
| Price Trend Analysis | |||
| South America | Brazil | Production Analysis (Volume) | |
| Consumption Analysis (Value and Volume) | |||
| Import Market Analysis (Value and Volume) | |||
| Export Market Analysis (Value and Volume) | |||
| Price Trend Analysis | |||
| Argentina | Production Analysis (Volume) | ||
| Consumption Analysis (Value and Volume) | |||
| Import Market Analysis (Value and Volume) | |||
| Export Market Analysis (Value and Volume) | |||
| Price Trend Analysis | |||
| Middle East & Africa | Egypt | Production Analysis (Volume) | |
| Consumption Analysis (Value and Volume) | |||
| Import Market Analysis (Value and Volume) | |||
| Export Market Analysis (Value and Volume) | |||
| Price Trend Analysis | |||
| South Africa | Production Analysis (Volume) | ||
| Consumption Analysis (Value and Volume) | |||
| Import Market Analysis (Value and Volume) | |||
| Export Market Analysis (Value and Volume) | |||
| Price Trend Analysis | |||
Key Questions Answered in the Report
How big is the Freshwater Fish Market?
The Freshwater Fish Market size is expected to reach USD 247.62 billion in 2025 and grow at a CAGR of 3.24% to reach USD 290.42 billion by 2030.
What is the current Freshwater Fish Market size?
In 2025, the Freshwater Fish Market size is expected to reach USD 247.62 billion.
Which is the fastest growing region in Freshwater Fish Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Freshwater Fish Market?
In 2025, the Asia Pacific accounts for the largest market share in Freshwater Fish Market.
What years does this Freshwater Fish Market cover, and what was the market size in 2024?
In 2024, the Freshwater Fish Market size was estimated at USD 239.60 billion. The report covers the Freshwater Fish Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Freshwater Fish Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Freshwater Fish Market Report
Statistics for the 2025 Freshwater Fish market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Freshwater Fish analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.