Latin America Aquaculture Market Size, Trends and Analysis Report 2025-33

Market Overview

The Latin America aquaculture market size reached 4.97 Million Tons in 2024 and is expected to reach 7.14 Million Tons by 2033. The market is forecasted to grow at a CAGR of 4.10% during the period 2025-2033. This growth is supported by advanced farming technologies that improve productivity and sustainability, alongside favorable trade agreements facilitating exports. Latin America accounts for 8% of global fisheries and aquaculture output, which increases to 9% when considering only aquatic animal production.

Study Assumption Years

• Base Year: 2024
• Historical Years: 2019-2024
• Forecast Years: 2025-2033

Latin America Aquaculture Market Key Takeaways

• Current Market Size: 4.97 Million Tons in 2024
• CAGR: 4.10%
• Forecast Period: 2025-2033
• Brazil's fish farming output reached 887,029 Metric Tons in 2023.
• Brazilian fish farming exports increased by 48% in value and 20% in weight in early 2024 compared to 2023.
• Latin America exports farmed salmon, shrimp, tilapia, and other species with a commitment to sustainability.
• Advanced aquaponic systems enhance seafood cultivation efficiency for exports.
• Trade agreements aid in tariff-reduced exports, encouraging expansion and quality enhancement.

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Market Growth Factors

The Latin America aquaculture market mainly grows because people increasingly demand to farm fish since more and more people want to consume it at home and abroad. In 2023, Brazil produced 887,029 Metric Tons within aquaculture. Governments are also promoting agricultural fish farming for ensuring the supply of low-cost, safe, and quality fish products year-round. They do so by providing policies that support adoption of technologies that use RAS, automated feeding, and disease information to improve efficiency, and to promote aquaculture in water-scarce and sensitive aquatic environments.

Fish farming can be a more sustainable alternative to overfishing. In Chile, Brazil, Ecuador and other producing countries, responsible aquaculture practices offer a solution to both the depletion of wild fish stocks and environmental degradation, while meeting demand for sustainable seafood.

Export prospects also support the market outlook: Brazilian fish farming exports in the first quarter of 2024 rose 48% in value and 20% in weight year on year. Proximity to the major North American markets means shorter time and shipping costs compared with Asian providers. In addition, Latin America is receiving favor from some trade agreements. Such agreements, and a lower tariff schedule, directly help and encourage the growth of aquaculture for meeting international export standards.

Market Segmentation

• Fish Type:
• Freshwater Fish: Includes farmed species grown in freshwater environments, meeting domestic and export demand.
• Molluscs: Encompasses aquaculture production of molluscan species, sustaining the seafood supply chain.
• Crustaceans: Covers farmed crustacean species such as shrimp, important for export markets.
• Others: Includes other aquatic species cultured in the region.
• Environment:
• Fresh Water: Aquaculture in freshwater bodies such as rivers and lakes.
• Marine Water: Cultivation in marine or ocean environments.
• Brackish Water: Farms utilizing brackish water ecosystems where saltwater and freshwater mix.
• Distribution Channel:
• Traditional Retail: Local retail outlets distributing aquaculture products.
• Supermarkets and Hypermarkets: Large retail chains offering seafood products.
• Specialized Retailers: Stores focused on specific seafood varieties or premium products.
• Online Stores: Digital platforms providing direct seafood sales to consumers.
• Others: Includes any other channels through which aquaculture products are sold.
• Country:
• Brazil
• Mexico
• Argentina
• Columbia
• Chile
• Peru
• Others

Regional Insights

Brazil is a dominant player in the Latin America aquaculture market, with fish farming output of 887,029 Metric Tons in 2023. The region benefits from advanced farming technology adoption and trade agreements facilitating exports. Latin America contributed 8% to the global fisheries and aquaculture output in 2024, rising to 9% for aquatic animal production only. This positions Brazil and the broader region for significant growth within the forecast period 2025-2033.

Recent Developments & News

In July 2025, the World Aquaculture Society’s Latin American & Caribbean Chapter (LACC-WAS) announced the "Latin American & Caribbean Aquaculture 2025" (LACQUA25) conference, scheduled for October in Puerto Varas, Chile, aiming to share innovations and climate-resilient practices.

In June 2025, the Development Bank of Latin America and the Caribbean (CAF) doubled its blue economy investment target to support marine sanitation and energy transition efforts in shrimp farming across Ecuador, Brazil, and El Salvador.

In July 2024, Earth Ocean Farms of Mexico rebranded to ‘Totoaba Santomar’ for its farmed totoaba product.

In November 2023, Pacifico Aquaculture secured financing from Butterfly Equity and Equilibrium Capital for a nursery facility in Baja California, Mexico, enhancing production capacity by 20,000 Metric Tons to meet global seafood demand.

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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