The global aquaculture products market was valued at USD 39.7 billion in 2022 and is expected to grow to USD 56.2 billion by 2027, reflecting a CAGR of 7.2% over the forecast period. Various macroeconomic and microeconomic factors in key countries have played a significant role in shaping market dynamics. These influences are expected to continue driving substantial value growth in the coming years. Increasing consumer awareness, rising health consciousness, growing demand for high-protein diets, and shifting lifestyles and consumption habits are key drivers fueling this market expansion.
Top Companies in the Aquaculture Products Market
- Pentair PLC (US)
- AKVA Group (Norway)
- Xylem Inc. (US)
- Aquaculture Equipment Ltd. (UK)
- Aquaculture System Technologies LLC (US)
- LUXSOL (Russia)
- Pioneer Group (Taiwan)
- CPI Equipment Inc. (Canada)
- ASAKUA (Turkey)
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Pentair PLC (US)
Pentair is a leading provider of water treatment and sustainable aquaculture systems. In the aquaculture products market, Pentair focuses on recirculating aquaculture systems (RAS), filtration, and water quality management solutions. Its innovations help reduce environmental impact while optimizing yield. Pentair serves commercial fish farms and research institutions globally, leveraging advanced automation and IoT integration.
AKVA Group (Norway)
AKVA Group is one of the most prominent suppliers of aquaculture technology, particularly in marine and land-based farming. It offers cage farming systems, feed barges, software, and RAS technology. AKVA plays a key role in driving digital transformation in aquaculture with tools like Fishtalk and AKVAconnect, which enable real-time farm management and data analytics.
Xylem Inc. (US)
Xylem is a global water technology firm active in aquaculture through its pumps, monitoring systems, and water treatment technologies. Xylem supports aquaculture operations in managing oxygen levels, wastewater, and water flow, particularly in intensive fish farming setups. Their innovations contribute to operational efficiency and environmental compliance.
Aquaculture Equipment Ltd (UK)
Aquaculture Equipment Ltd specializes in designing and manufacturing custom aquaculture systems, including tanks, feeders, aerators, and filtration units. The company focuses on both research institutions and small- to mid-size commercial aquaculture operations in Europe. It also provides consultancy services for turnkey aquaculture solutions.
Aquaculture System Technologies LLC (US)
AST is known for its bead filter technology, which is used in both RAS and pond-based aquaculture. Its systems are geared toward high-efficiency biofiltration for fish hatcheries and ornamental aquaculture. AST targets clients looking to improve sustainability and biosecurity while maintaining water quality in closed-loop systems.
LUXSOL (Russia)
LUXSOL is a Russian-based provider of modular aquaculture systems, often tailored for colder climates and inland farming. The company offers integrated water purification, UV disinfection, and thermal control systems. LUXSOL has a growing footprint in Eastern Europe and Central Asia, serving trout, sturgeon, and carp farms.
Pioneer Group (Taiwan)
Pioneer Group focuses on the design and installation of aquaculture and mariculture systems, particularly for shrimp and tilapia farming. They supply aerators, feeders, and water treatment equipment across Southeast Asia and the Pacific. The company also offers sustainability-focused solutions, such as solar-powered systems and organic feed integration.
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CPI Equipment Inc. (Canada)
CPI Equipment Inc. provides advanced aquaculture pumping and aeration solutions, mainly for the cold-water fish farming sector, such as salmon. Based in British Columbia, CPI is a critical supplier to Canada’s marine aquaculture industry and is involved in offshore cage systems and hybrid oxygenation units.
ASAKUA (Turkey)
ASAKUA manufactures and exports fish cages, feeding systems, mooring equipment, and RAS units. It plays a significant role in Turkey’s expanding aquaculture sector, especially for sea bass and sea bream. ASAKUA also serves North Africa, the Middle East, and parts of Southern Europe, emphasizing robust and cost-effective cage solutions.