Aquaculture equipment market forecast to grow at 6% CAGR from 2024-2029

Aquaculture has become essential to meet the rising global demand for seafood, with the industry experiencing rapid growth. The global aquaculture equipment market, valued at $150.66bn in 2023, is expected to reach $210bn by 2029, growing at a 6% CAGR. The industry prioritises sustainability, developing eco-friendly, energy-efficient equipment. Innovations such as Recirculating Aquaculture Systems (RAS) and automated feeding systems enhance efficiency and reduce environmental impact. The Asia-Pacific region leads due to high seafood demand and supportive government policies. Integrating data analytics and IoT technologies further boosts market growth, ensuring efficient and sustainable aquaculture practices. (Research and Markets)