Precision Aquaculture Market Size, Share & Industry Analysis, By Water Environment (Marine Water, Fresh Water, and Brackish Water), By Type (Fish {Tuna, Salmon, Tilapia, and Others}, Crustaceans {Crabs, Lobsters, Crayfish, Shrimps, and Others}, and Others), By Farm Type (Open Aquaculture Farms and RAS Farms), and Regional Forecast, 2025-2032

The global precision aquaculture market size was valued at USD 91.20 billion in 2024. The market is projected to grow from USD 98.87 billion in 2025 to USD 203.35 billion by 2032, exhibiting a CAGR of 10.85% during the forecast period. Asia Pacific dominated the precision aquaculture market with a market share of 55.36% in 2024.

Precision aquaculture is an advanced aqua-farming approach that utilizes various hardware, software, and services, including data analysis, such as AI, IoT, and sensors, to optimize aqua-farming operations for more efficiency and sustainability. Increasing aquaculture production across developing nations, including India, China, and Brazil, will likely drive the demand for the practices. Companies focusing on achieving sustainable fish farming are further driving the industry growth.

Blue Ridge Aquaculture, Inc., Kaiko Yukinoya Co. Ltd., Avanti Feeds Limited, Mowi ASA, and Grieg Aqua AS are the leading companies operating in the market.

MARKET DYNAMICS

Market Drivers

Companies Focus on Excelling their Production Using Data-driven Solutions to Drive the Industry Growth

Over the past decades, the aquaculture industry has been evolving with various factors, including investment in technologies, government policies, adoption of digitalization, increased product demand, sustainability concerns, and others. Emerging industrial revolutionary aspects such as AI, IoT, machine learning, and advanced data analytics are contributing significantly to changing the industry landscape by leveraging of data to make accurate decisions. Companies are concerned about efficiency in production practices to reduce wastages & operational overheads and achieve higher profitability. The precision aquaculture model offers effective solutions for operators to achieve their business objectives with effective feed optimization, monitoring, and surveillance. Major players have adopted these technologies in their production farms and achieved satisfactory results from the advanced technology. For instance, Grieg Aqua AS, a key salmon-producing company, adopted precision aquaculture technology in 2020. The company spokesperson claimed that after adopting the new technology, the average survival rate of post-smolt salmon has increased from 88% in 2019 to 90% in 2020 on its British Columbia farm. Further, the growth of harmful algae was reduced from 3.4% in 2019 to 0.9% in 2020. Advanced analytical tools and data-driven decision support assisted the company in achieving its operational goals. Thus, industry players focusing on adopting data-driven solutions to enhance their production capacity will drive global market growth in the near future.

Funding from the Government for Inland Aquaculture to Drive the Market

The blue economy is one of the key sectors contributing significantly to the national economy. The sector is one of the important wings that creates several employment opportunities for both skilled and unskilled laborers. According to the Indian government, the blue economy accounted for nearly 4-5% of the contribution to the national GDP. Thus, the government is investing significantly in advancement and technological adoption in the sector. Under the Flagship Scheme Pradhan Mantri Matsya Sampada Yojana (PMMSY), the Indian government has invested nearly USD 2,472.28 million in funding to improve inland aquaculture in the country over the five years from FY2020- 21 to FY2024- 25. Such an investment will improve the country's adoption of precision aquaculture technologies, thereby boosting fish production in the upcoming years.

Market Restraint

High Investment and Technical Expertise are Hampering the Market Growth

Precision aquaculture is one of the promising technologies in the industry. However, it has several challenges to adopt on a large scale across the world in aquaculture practices. High initial costs for technology and infrastructure, specialized technical expertise, and security & data management-related challenges are primarily slowing the industry's growth globally. To implement precision aquaculture technologies, aqua farmers must invest in sensors, automation systems, and data analytics platforms. It will be more challenging for small-scale aquaculture producers, especially in developing economies.

Furthermore, there is a need for skilled labor to maintain and utilize advanced technologies and data analysis. It will further increase the operational expenses of the producer and impede the industry growth in the forecast period.

Market Opportunity

Collaboration with Institutes and Companies to Develop New Technologies to Change the Industry Outlook

As precision aquaculture adoption is increasing globally, companies are collaborating with industry researchers and institutes to develop next-generation technologies. Furthermore, collaboration with institutes for research & development activities to diversify the usage and excel productivity, unlock new opportunities for farmers. As a result, the collaboration with institutes will change the global precision aquaculture market share globally. For instance, in April 2025, Innovasea, a leading global aquaculture technological solutions provider, signed a new partnership agreement with Mila, the Quebec Artificial Intelligence Institute, to develop advanced AI-driven solutions for sustainable fish tracking, protection, and production.

Precision Aquaculture Market Trends

Trend of Sustainability with the Adoption of New Technologies to Support the Market Growth

A larger number of manufacturers following Recirculated Aquaculture Systems (RAS-farming) are adopting new technologies to achieve more sustainability in their operations. As this technology is in the introduction stage, companies seek more accurate and targeted solutions to cater to their requirements. It is likely to encourage service providers to develop innovative technologies to serve their customers. It will drive the market growth in the upcoming years. For instance, in April 2025, Paras Aqua, a Finnish startup, launched a modular and scalable system - a Hybrid Flow-Through System (Precision HFS) to minimize the use of new water for land-based fishing. It will assist in controlling the water flow & temperature more cost-effectively.

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Impact of Tariffs on the Market

Recently proposed reciprocal tariffs on several countries, including Canada, Mexico, and China, have significantly impacted the price spikes of precision aquaculture equipment in the U.S. A larger number of service providers depend on importing semiconductors, sensors, and machinery from China. The imposition of tariffs has raised the price of these components. It will negatively impact the market growth. Additionally, the U.S. is one of the key markets for Asian aquaculture producers. India, China, and Bangladesh export a significant amount of produced aquatic animals to the U.S. Imposed tariffs may disturb the seafood imports from these countries. Due to the price rise, U.S. seafood importers have shifted their orders to Ecuador. It impacted Indian seafood manufacturers such as Avanti Feeds. As a result, Asian seafood companies are anticipating a declining trend in their quarterly revenue growth. According to the Global Trade Research Initiative, seafood export, especially fish and crustaceans from India to the U.S., will decline by upto 20.2% in 2025 due to the new tariff.

SEGMENTATION ANALYSIS

By Farm Type

Open Aquaculture Farming Holds the Highest Market Share Due to Globally Wider Adoption

Based on farm type, the market is segmented into open aquaculture farms and recirculating aquaculture systems (RAS).

The open aquaculture farms segment held the largest market proportion in 2024. This fish farming technique offers several benefits, such as access to optimal environmental conditions. It helps to minimize the spread of diseases. This method offers wide areas to aquatic animals; thus, it allows them to potentially avoid surface-level parasites. Thus, it is more helpful and economical for farmers. Hence, the segment is anticipated to hold the highest market share by the end of 2032.

RAS farming technique is anticipated to hold the fastest growth trajectory during the forecast period. Benefits such as reducing water usage, greater control in farming, real-time monitoring & control system benefits, effective disease management, and help to reduce environmental impact will likely make the segment more popular during the forecast period. Furthermore, RAS farming offers a more controlled environment for precision aquaculture, allowing water quality and temperature maintenance. Thus, the segment is anticipated to exhibit the highest CAGR during the forecast period.

By Type

High Nutritional Value and Taste Leads to the Dominance of the Fish Segment

On the basis of type, the market is segmented into fish, crustaceans, and others.

The fish segment holds the highest market share in the year 2024. The fish segment includes tuna, salmon, tilapia, and others. Fish is a traditional source of omega-3 fatty acids and other essential nutrients. Additionally, salmon, tuna, shark, and tilapia are key ingredients in Asian traditional foods such as noodles, sushi, and sashimi. Increasing Asian cuisine across the world creates demand for fish. The constant demand for seafood, especially fish, will likely encourage aqua-farmers to produce fish. Thus, the segment is anticipated to hold the highest share and grow at a steady CAGR during the forecast period.

The crustaceans segment includes crabs, lobsters, crayfish, shrimps, and others, and it is anticipated to grow at the fastest growth rate during the forecast period. Rising demand for ready-to-eat seafood, along with the popularity of protein-rich nutrient food products, is likely to drive the segment growth. Additionally, increasing disposable income across developing nations will likely drive the demand for crustaceans. Thus, the production of crustaceans under advanced technology will increase significantly in the foreseeable period.

By Water Environment

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Advancement in Technologies and Government Support to Drive the Freshwater Aquaculture Growth

Based on the water environment, the market is segmented into freshwater, marine water, and brackish water.

The freshwater environment holds the highest share of the market in 2024, as freshwater aquaculture systems, including ponds, lakes, and rivers. Government policies to improve inland aquaculture will likely drive freshwater aquaculture globally. According to the International Aquaculture Feed Formulation Database (IAFFD), the global aquaculture production in inland or freshwater reached 59.1 million tonnes, representing 62.6% of the total aquatic animal production. Adoption of precision aqua-farming is relatively high in the inland or freshwater aquaculture. Thus, aqua-farming using advanced technology in freshwater is anticipated to hold the largest market share.

The marine water aquaculture segment is anticipated to expand with the highest CAGR during the forecast period. Key service providers offer advanced machinery and sensors to monitor aqua-animals' health, feed consumption, spreading diseases, and overall growth. It assists marine aquaculture operators in achieving more sustainability in production. Thus, the adoption rate of precision technologies in marine aqua farming is likely to increase at the fastest growth rate during the near future.

Precision Aquaculture Market Regional Outlook

 The global precision aquaculture market report includes regional analysis of North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Asia Pacific

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The Asia Pacific region has the highest market share, amounting to USD 50.49 billion in 2024. Countries such as China, India, Indonesia, Bangladesh, and Japan are a few leading aquatic animal producers and consumers. Thus, the region holds the highest proportion in the market. Regional governments are investing significantly to improve the blue economy as it offers constant revenue to countries' economies. It is likely to drive the industry in the upcoming years.

Additionally, increasing inland aquaculture production will likely drive the industry across the region. According to the World Aquaculture Society, Indonesia's fish and shrimp production increased from 5.54 million tons in 2022 to 12.52 million tons in 2024. Friendly government policies and strategies will likely push the country's aquaculture production. Such instances will likely drive the Asia Pacific precision aquaculture industry growth in the upcoming years.

China

China is the leading producer and consumer of seafood produced from precision aqua-farming. The aquaculture production growth in the country has been driven by various key factors, including rising seafood demand, adoption of advanced technologies, government policies, and efforts to balance the declining marine fish stocks. According to the Food and Agriculture Organization of the United Nations (FAO), China's aquaculture production reached 58.1 million metric tonnes in 2024, an increase of 4.5% year-on-year.

Europe

Europe is one of the prominent markets. Increasing per capita spending on fishery and aquaculture products across the EU-27 will likely drive industry growth. According to the European Market Observatory for Fisheries and Aquaculture (EUMOFA), household spending on fishery and aquaculture products in the EU-27 surged by nearly 11% in 2022 over 2021. Additionally, consumer health concerns and seafood awareness are likely to drive the aquaculture industry in the region.

North America

The region is expected to have potential for seafood growth. As a result, the inland aquaculture sector is experiencing steady growth. According to the National Oceanic and Atmospheric Administration, freshwater and marine water aquaculture production in the U.S. reached 663 million pounds with a value of USD 1.7 billion in 2022. Additionally, increasing aquaculture farms in the U.S. is likely to drive the North America precision aquaculture market growth. According to the USDA National Agricultural Statistics Service (NASS) Census of Aquaculture, the number of aquaculture farms accounted for 3,453 by the end of 2023, which increased by nearly 18% from 2018.

South America

South American countries such as Brazil, Chile, and Ecuador are a few noticeable countries in the global aquaculture industry. Salmon, shrimp, trout, and tuna are key aquatic animals produced in these countries. Increasing industry players' collaboration with regional inland fisheries significantly drives industry growth. Additionally, government policies and funding to expand inland fisheries will likely drive the precision aqua-farming in the region. In April 2024, World Wildlife Fund and Finance Earth announced a new, innovative financing mechanism - the Fisheries Improvement Fund (FIF) to improve fishing practices and management. The Fishery Improvement Project in Chile will be the first to be funded under the FIF, aimed at receiving over USD 100 million for fisheries improvement by 2030.

Middle East & Africa

The Middle East and Africa are one of the lucrative markets for seafood. Increasing tourism, food service industry expansion, traditional food practices, and the importance of seafood are several factors driving the demand for aquaculture products produced from precision aqua farming. Nigeria, Egypt, and other African countries are key producers that fulfill the seafood demand across the region. Increasing technology adoption and practicing next-generation aquaculture methods to drive the precision aquaculture demand in the region.

COMPETITIVE LANDSCAPE

Key Industry Players

Key Industry Players’ Focus on Improved Product Functionality to Support Market Growth

The global precision aquaculture market share is fragmented, with several market players competing and developing new products. Companies are focusing on adopting innovative technologies such as AI and IoT to enhance their efficiency in production. Additionally, companies are strategically collaborating with the service providers to develop target-oriented customized solutions. It will allow them to stay ahead of the competitive curve in the upcoming years.

Key Players in the Market

Blue Ridge Aquaculture, Inc., Kaiko Yukinoya Co. Ltd., Avanti Feeds Limited, Mowi ASA, and Grieg Aqua AS are some of the largest players in the market. The global market is fragmented, with the top 5 players accounting for a limited portion of the global precision aquaculture market share.

List of Key Precision Aquaculture Companies Profiled

• Thai Union Group PCL (Thailand)
• Blue Ridge Aquaculture, Inc. (U.S.)
• Kaiko Yukinoya Co. Ltd. (Japan)
• Avanti Feeds Limited (India)
• Mowi ASA (Norway)
• Grieg Aqua AS (Norway)
• Nippon Suisan Kaisha Ltd (Japan)
• Tassal Group Ltd. (Australia)
• Maruha Nichiro Corporation (Japan)
• Stolt Sea Farm (Spain)

KEY INDUSTRY DEVELOPMENTS

• June 2025: Tidal, an aquaculture technology company, announced a strategic alliance with Maqsur Enterprises, a Chilean aquaculture services provider, to improve the production of salmon in Chile by using a Google spin-off tailors artificial intelligence-based system.
• May 2025: InnovaSea Systems Inc., an aquaculture technology provider, partnered with a Canadian project to launch and test advanced precision technologies for aquaculture to improve fish welfare, boost sustainability, and optimize production. Primarily, they applied the new technology for RAS-based salmon production.
• October 2024: Farm in a Box, a tech startup offering solutions for aquaculture, collaborated with ReelData AI to offer scalable, cost-effective, highly efficient, and reliable land-based aquaculture solutions to aqua farmers.
• July 2024: AKVA group, one of the leading solutions and services providers to aquaculture, acquired Observe Technologies Limited (Observe). The acquisition allows the company to strengthen its digital and precision services to aquaculture operators.
• July 2022: NewSeas, a sustainable aquaculture production for producers & investors, collaborated with Skretting Indonesia, an aquaculture manufacturer, to improve advanced fish health management and precision farming methods for barramundi nurseries in Indonesia.

REPORT COVERAGE

The global precision aquaculture market report analyzes the market in depth and highlights crucial aspects such as global market trends, market dynamics, prominent companies, and applications. Besides this, the market statistics report also provides insights into the market trends and highlights significant industry developments.

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Report Scope & Segmentation