The China aquaculture market size is projected to grow by USD 42.1 billion, with a CAGR of 4.61% from 2023 to 2028. The growth of the global aquaculture market is primarily driven by increasing demand for seafood, particularly in China. Key factors contributing to this expansion include a rising population, changing consumer preferences for healthier protein sources, and advancements in aquaculture technologies. Innovations such as recirculating aquaculture systems, biofloc technology, and genetic selectivity breeding are enhancing farming methods. Additionally, expanding export opportunities in seafood markets such as Europe and the United States are expected to further fuel growth.
For more details about the industry, get the PDF sample report for free
The increasing demand for seafood, along with the depletion of wild fish stocks, has led to the growth of the aquaculture industry in China. The market is driven by the presence of superior aquaculture strains from diverse farming methods and rising consumer awareness of the health benefits of seafood. Aquaculture has become a reliable source for meeting the growing demand for fish and seafood, driving market expansion.
The comprehensive data, segmented by region, includes forecasts and estimates in "USD billion" for the period 2024 to 2028, with historical data from 2018 to 2022. Key segments include:
The freshwater aquaculture segment is expected to experience significant growth during the forecast period. China is the world's largest producer of freshwater fish, with a variety of species including tilapia, carp, and catfish. The increasing demand for fresh and healthy seafood, along with the large domestic market for farmed fish, ensures steady demand for freshwater fish. Modern aquaculture systems, such as offshore fish farms, are further driving the growth of this segment.
Medium and large-scale production involves aquaculture facilities operated by professional companies or enterprises, producing large quantities of fish to supply regional and local markets. These operations benefit from economies of scale and stronger bargaining power. Technological advancements, such as automatic feeding systems and water quality monitoring, are expected to further boost growth in this segment.
Small-scale production is typically conducted by individual farmers or local communities. This sector plays a crucial role in China’s aquaculture market, with government initiatives like subsidies and training programs driving growth. Increasing consumer demand for organic and high-quality seafood, along with support for traditional practices, is also contributing to the expansion of the small-scale segment.
The key driver of market growth is the enhanced presence of better aquaculture strains from different farming methods. This, combined with the depletion of wild fish stocks, has spurred the development of the aquaculture industry. With consumers becoming more health-conscious and the need for sustainable food production rising, aquaculture is positioned as a reliable source of seafood, contributing to increased yields and sustainability.
The demand for value-added aquaculture products is a major trend in the market. As Chinese consumers become more sophisticated, they seek convenient, nutritious, and diverse seafood options. This shift is driving the demand for processed, packaged, and pre-cooked seafood products. As a result, aquaculture businesses are focusing on developing and marketing such value-added products, which are in high demand due to their convenience and high quality. Companies are capitalizing on the opportunity by creating products with distinct flavors and building recognizable brands.
A significant challenge facing the China aquaculture market is the rising prevalence of pathogenic diseases among aquaculture species. Disease outbreaks can lead to significant losses in production, affecting profitability. Marine diseases, such as infectious hematopoietic and subcutaneous necrosis virus (IHHNV), yellowhead virus (YHV), Taura syndrome virus (TSV), white spot syndrome virus (WSSV), and infectious muscle necrosis virus (IMNV), are harming farmed shrimp and hindering market growth.
Get more details by ordering the complete report
Several companies are implementing strategies like partnerships, mergers and acquisitions, and product/service launches to enhance their presence in the China aquaculture market.
Other key players in the China aquaculture market include:
These companies are categorized based on their strategic approach, such as pure play, category-focused, industry-focused, and diversified, and are evaluated on their dominance, leadership, strength, and market presence.
The market research report highlights the adoption lifecycle of aquaculture, from the innovator stage to the laggard stage. The analysis includes regional adoption rates and factors influencing purchase decisions, including price sensitivity and key purchase criteria.
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
