What is the global market size of Fish Farming Market?

Fish Farming Market size was valued at USD 285.04 Billion in 2023 and is poised to grow from USD 299.86 Billion in 2024 to USD 449.82 Billion by 2032, growing at a CAGR of 5.2% during the forecast period (2025-2032).

Top Fish Farming Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Fish Farming Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Fish Farming industry players.

Fish Farming Market Competitive Landscape

Fish Farming Market Top Player’s Company Profile

Marine Harvest ASA (now Mowi ASA) - Norway

Cermaq Group AS - Norway

Thai Union Group Public Co. Ltd. - Thailand

Lerøy Seafood Group ASA - Norway

Cooke Aquaculture Inc. - Canada

Grupo Nueva Pescanova - Spain

SalMar ASA - Norway

Kyokuyo Co., Ltd. - Japan

Huon Aquaculture Group Limited - Australia

Marine Harvest Group (now Mowi ASA) - Norway

Tassal Group Limited - Australia

Nippon Suisan Kaisha, Ltd. (Nissui) - Japan

Grieg Seafood ASA - Norway

Charoen Pokphand Foods Public Co. Ltd. - Thailand

Norway Royal Salmon ASA - Norway

Bakkafrost P/F - Faroe Islands

Marine Harvest Scotland (now Mowi ASA) - UK

Marine Harvest Ireland (now Mowi ASA) - Ireland

Skretting (part of Nutreco) - Norway

Lerøy Midt AS - Norway

Lerøy Vest AS - Norway

Marine Harvest Canada (now Mowi ASA) - Canada

Nordic Aquafarms Inc. - USA

Seabass Chile S.A. - Chile

Australis Aquaculture LLC - USA

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Fish Farming Market size was valued at USD 317.11 Billion in 2024 and is poised to grow from USD 332.65 Billion in 2025 to USD 487.74 Billion by 2033, growing at a CAGR of 4.9% during the forecast period (2026–2033).

The global fish farming market features a competitive landscape with a blend of established players and innovative newcomers. Industry leaders like Marine Harvest, Cermaq Group, and Thai Union Group have solidified their positions through extensive production networks, brand recognition, and adherence to sustainable practices. These companies emphasize technological advancements to enhance production efficiency, minimize environmental impact, and ensure the quality of farmed fish. Emerging players bring innovation to the sector with genetically modified fish that offer accelerated growth rates. Additionally, regional players like Lerøy Seafood Group and Mowi ASA contribute to the market's diversity, leveraging their expertise in specific geographical areas. Sustainability concerns have led to the rise of recirculating aquaculture systems (RAS) and land-based fish farming ventures that aim to reduce water usage and waste discharge. Collaborations, strategic partnerships, and investments in research and development are common strategies as companies vie for market share while addressing the challenges of sustainable growth, disease management, and regulatory compliance. 'Mowi (Norway)', 'Bakkafrost (Faroe Islands) ', 'SalMar (Norway) ', 'Skretting (Norway) ', 'Grieg Seafood (Norway) ', 'Leroy Seafood Group (Norway) ', 'Cooke Aquaculture (Canada) ', 'Austevoll Seafood (Norway) ', 'Nissui (Japan) ', 'Thai Union Group (Thailand) ', 'Mitsubishi Corporation (Japan) ', 'Charoen Pokphand Foods (Thailand) ', 'Marine Harvest (Norway) ', 'Tassal Group (Australia) ', 'Nireus Aquaculture (Greece) ', 'Multiexport Foods (Chile) ', 'Empresas AquaChile (Chile) ', 'Stolt Sea Farm (United Kingdom)'

The global fish farming market is driven by the increasing global demand for seafood, which has outpaced wild fish catch. Fish farming, also known as aquaculture, offers a consistent and controlled supply of fish products to meet this demand. As traditional fisheries face challenges such as overfishing and environmental concerns, aquaculture provides a sustainable solution to fulfill the protein needs of a growing population.

Technological Advancements and Automation: The fish farming industry is experiencing a significant shift towards incorporating advanced technologies and automation in various aspects of operations. Innovations such as sensor-based monitoring systems, automated feeding systems, water quality sensors, and data analytics are being used to optimize fish health, growth, and overall farm efficiency. These technologies enable real-time monitoring of environmental parameters, disease detection, and precise feeding, resulting in better resource management and higher yields. Automation also helps in reducing labor costs and human errors while ensuring consistent and controlled production processes.

The global Fish Farming Market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia-Pacific is the dominant region in the global fish farming market. Countries such as China, India, Indonesia, and Vietnam are major contributors to the region's dominance. The abundance of coastal areas, favorable climatic conditions, and strong aquaculture traditions have propelled Asia-Pacific to the forefront of fish farming. These countries are leading producers of various species including freshwater and marine fish, shrimp, and prawns. The region's well-established infrastructure, extensive research and development, and large consumer base have contributed to its dominance in the global fish farming industry.

Top Fish Farming Companies

Fish Farming Market Competitive Landscape

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