Ocean Farming Market to Grow with a CAGR of 5.47% through 2030

Rising preference of aquatic foods among people to drive the growth of global ocean farming market in the forecast period, 2026-2030.

According to TechSci Research report, “Ocean Farming Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2030”, the global ocean farming market stood at USD 298.67 Billion in 2024 and is anticipated to grow with a CAGR of 5.47% through 2030. . The rise in demand for protein-rich food is expected to drive the global ocean farming market. Furthermore, rising demand for sustainable method for growing crops is fueling the demand for the global ocean farming market. Additionally, ocean farming helps in protecting marine ecosystem by absorbing the formation of marine dead zones, and by reducing local ocean acidification. Thus, in turn, augmenting the growth of the ocean farming market, globally. For instance, kelp in waterbodies help to capture nitrogen and phosphorus which wind up in ocean though agricultural runoffs, which turn into liquid fertilizers.

However the dearth for skilled operators for effective management of complex systems, lower production of food by the ocean farming technique and lack of awareness among people may likely hamper the growth of the market in the forecast period.

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The global ocean farming market is segmented into product type, regional distribution, and company.

Based on product type, Aquatic Plants are expected to grow at the fastest rate in the global ocean farming market due to their rising demand across multiple industries. Seaweed and algae are gaining popularity as nutrient-rich, low-carbon superfoods and sustainable ingredients in cosmetics, pharmaceuticals, biofuels, and biodegradable packaging. They require no freshwater, fertilizers, or arable land, making them highly resource-efficient and environmentally friendly. With growing concerns about climate change and overfishing, governments and private players are increasingly investing in seaweed farming as a regenerative solution. Additionally, research into high-value compounds like carrageenan, alginate, and omega-rich oils is accelerating commercial interest and driving rapid expansion of this segment.

Asia Pacific is experiencing exponential growth in the ocean farming market due to a combination of deep-rooted seafood culture, robust government support, and vast natural resources. Countries like China, India, Vietnam, and Indonesia benefit from extensive coastlines and favorable climate, enabling year-round production. Rising domestic demand is driving both finfish and seaweed farming, while export opportunities in shrimp, tilapia, and algae-based products attract considerable investment.

Major companies operating in global ocean farming market are:

• Ocean Reef Group
• Alora (Agrisea)
• Innovasea Systems Inc.
• Open Ocean Farming
• Ocean Farming AS, (SalMar Group)
• Sea6 Energy Pvt. Ltd.
• Atlantic Ocean Aquaculture (AOA)
• Coastal Shellfish Corporation
• Ocean Rainforest
• SalMar Aker Ocean

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“North America Ocean Farming Market is dominating in the coming years due to the surge in the number of start-ups emerging out of the region, especially in the United States for development of ocean farming practice. The rising demand for seafood, presence of advanced solutions and systems, societal behaviors, and rising support from the government is surging the growth of the market. Also, the rising awareness to grow crops through a sustainable method to produce food is expected to propel the global ocean farming market growth till 2028” said Mr. Karan Chechi, Research Director of TechSci Research, a research based global management consulting firm.

“Ocean Farming Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Aquatic Animals, Aquatic Plants, Land Base Plants), By Culture System (Enclosed Sections of the Open Ocean, Farms Built on Coastal Waters, Artificial Tanks or Ponds), By Region and Competition, 2020-2030F”, has evaluated the future growth potential of global ocean farming and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global ocean farming market.

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