Brazil Fisheries And Aquaculture Market Size (2024 - 2029)

Brazil Fisheries and Aquaculture Market Analysis

The Brazil Fisheries And Aquaculture Market size is estimated at USD 149.01 billion in 2024, and is expected to reach USD 176.97 billion by 2029, at a CAGR of 3.5% during the forecast period (2024-2029).

• The aquaculture market in Brazil is one of the fastest-growing sectors in the country’s agricultural industry, driven by favorable climatic conditions, vast freshwater resources, and increasing domestic and international demand for fish. Brazil is the largest aquaculture producer in South America and has been expanding rapidly in recent years. For instance, according to World Bank Data, Brazil's aquaculture production was 738,881metric tons in 2022 from 650,572 in 2021, with over 80 percent of total aquaculture production from freshwater aquaculture (tilapia, carps, and some indigenous Amazonian fish species) and 14 percent from mariculture, dominated by white leg shrimp. 
• Besides, the increase in production with continuous investments in the fish industry and well-established supply chain and distribution networks are increasing fish availability and consumption. For instance, according to the OECD statistics, the per capita fish consumption increased from 7.02 kg in 2020 to 7.29 kg in 2022. Further, the population in the country has been increasing continuously for several years, and people prefer more protein diets leading to increased fish consumption.
• The fisheries sector has expanded in recent years with continuous investments by the government and the private sector investments. For instance, in 2022, the Brazilian government invested USD 700 million to develop the fishing industry by constructing seven public fishing ports for 20 years, which increases production and reduces the volume of wastage due to better handling and processing practices.

Brazil Fisheries and Aquaculture Industry Segmentation

Aquaculture is the breeding, rearing, and harvesting of fish, shellfish, algae, and other organisms in all types of water environments. Brazil Aquaculture Industry is segmented by Type (Unprocessed, Fresh, Chilled and Frozen, and Processed Fish), and offers an analysis of Production (Volume), Consumption (Value and Volume), Import (Value and Volume), Export (Value and Volume), and Prices. The report offers market estimation and forecasts in Value (USD) and Volume (Metric tons).