Global aquaculture outlook 2025

After a difficult 2024 with demand weakness in key markets, 2025 is expected to bring an improvement in the production growth of key aquaculture species. Still, much remains uncertain for 2025. Lower feed prices and better demand should benefit producers. However, increasing tariffs and trade restrictions may impede the industry, which is highly dependent on exports.

The freshwater species pangasius and tilapia are expected to have the highest growth, up 7% and 5% YOY, respectively. The species with the largest European presence – Atlantic salmon, sea bass, and sea bream – should achieve supply growth of 3% to 4% in 2025. Shrimp, which continues to face relatively low prices, is expected to grow by only 2%. This is an improvement on the 1% growth in 2024 but low relative to historical levels.

According to RaboResearch’s annual aquaculture survey on finfish and shrimp production, performed in cooperation with the Global Seafood Alliance (GSA), the industry has a more optimistic outlook for production in 2025. However, survey respondents remain concerned about the market and economic conditions in 2025, with specific concerns about market prices, aquafeed costs, and market access.