The total aquaculture production in the US stood at 1373.5 trillion US dollars in 2023. Over the past decade, the industry experienced fluctuating growth with notable declines in 2014 and 2020. Despite these setbacks, growth resumed in the following years, driven by increased demand for sustainable seafood. The last five years saw an average annual growth (CAGR) of 1.2%, reflecting a moderate recovery from earlier downturns.
Year-on-Year Variations:
- 2022 vs 2021: +6.92%
- 2023 vs 2022: +1.52%
Future Trends:
- Forecasted steady growth at an average annual rate (CAGR) of 1.2% over the next five years, reaching 1476.7 trillion US dollars by 2028.
- Innovations in technology and sustainable practices could drive further increases in production efficiency and yield.
