Forecast: Aquaculture Production of Marine and Partly-Marine Species in the US

The U.S. aquaculture production of marine and partly-marine species has exhibited variable growth over the past decade. From 2013 to 2019, the industry largely trended upwards, with notable growth spurts in 2016 (6.13%) and 2019 (11.11%). However, the period from 2020 to 2021 saw a decline in production, affected by a -12.37% and -5.2% year-on-year decrease respectively. Recovery began in 2022 with a 4.53% growth and continued in 2023 with a 3.06% increase, placing the production volume at 226.09 thousand metric tons in 2023.

Future trends to watch for include:

  • Gradual recovery and stabilization, reflected by a forecasted annual growth of around 0.32% CAGR over the next five years.
  • Potential market drivers such as technological advancements, policy changes, and increased demand for sustainable seafood.
  • Integration of more innovative farming practices to boost efficiency and production capacity in the long-term.

Top Countries about Aquaculture