Nigeria Aquaculture Equipment Market Size & Outlook, 2025-2033
Nigeria Aquaculture Equipment Market Size
According to Straits Research analysis, the Nigeria Aquaculture Equipment Market was valued at USD 195.8 Million in 2024 and is projected to reach USD 271.13 Million by 2033, expanding at a CAGR of 3.6% during the forecast period. Agriculture commands the primary demand in the market, with diverse applications such as fish farming, shrimp culture and oyster production largely driving demand. Industrial use of aquaculture equipment in the chemical and energy sectors further propels the market growth. Emerging trends highlight the shift towards green production and sustainability, leveraging technological advancements for efficient farming practices. Recognizing the export potential, many businesses are investing in these opportunities. With the government's focus on boosting local production and the adoption of advanced farming techniques, Nigeria is poised to become a major player in the Aquaculture Equipment Market on a regional and global scale.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Nigeria Aquaculture Equipment Market Highlights
- In 2024, Salmon accounted for the highest share of the Type market size.
- During the forecast period, Catfish is set to register the highest growth, making it the most lucrative Type segment.
- Nigeria accounted for 0.5% of the global aquaculture equipment market size in 2024.
- By 2033, China is expected to remain the top global market in terms of size.
- Within Middle East And Africa, Rest of MEA is forecasted to dominate the regional aquaculture equipment market size by 2033.
- South Africa will be the fastest-growing market in Middle East And Africa, projected to achieve USD 5913 Million by 2033.
Nigeria Aquaculture Equipment Market Revenue Share 2024
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2020-2033 |
| Historical Period | 2020-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 195.8 Million |
| Market Size In 2033 | USD 271.13 Million |
| Largest segment | Salmon |
| Fastest segment | Catfish |
| Units | Revenue in USD Million |
| CAGR | 3.6% (2025-2033) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Type |
|
| Farming Method |
|
| Production System |
|
| Aquaculture Pen Systems |
|
| Equipment Type |
|
Nigeria Aquaculture Equipment Market By Type 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Nigeria Aquaculture Equipment Market By Farming Method 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Nigeria Aquaculture Equipment Market By Production System 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Nigeria Aquaculture Equipment Market By Aquaculture Pen Systems 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Nigeria Aquaculture Equipment Market By Equipment Type 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
