Global Aquaculture Market, By Rearing Product Type (Equipment, Chemicals, Fertilizers, Pharmaceuticals), By Culture (Freshwater, Marine, Brackish Water), By Species (Aquatic Animals, Aquatic Plants), By Production Type (Small-Scale, Medium- & Large-Scale)
Description
Global Aquaculture Market, By Rearing Product Type (Equipment, Chemicals, Fertilizers, Pharmaceuticals), By Culture (Freshwater, Marine, Brackish Water), By Species (Aquatic Animals, Aquatic Plants), By Production Type (Small-Scale, Medium- & Large-Scale), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Global Aquaculture Market is Forecast to Grow at a CAGR of 4.70% in the Forecast Period
The global aquaculture market is growing at a high CAGR because of the rising consumption of seafood owing to the increasing income of the consumers and expanding import and export activities for seafood products..
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global aquaculture market was worth USD 185.1 billion in the year 2021. It is estimated to grow at a CAGR of 4.70%, earning revenue of around USD 253.9 billion by the end of 2028. The growth of the global aquaculture market is attributed to the rising consumption of seafood owing to the increasing income of the consumers and expanding import and export activities for seafood products. Furthermore, increasing demand for marine plants and organisms in a variety of industries including pharmaceuticals, cosmetics, fertilizers, etc., is further propelling the growth of the global aquaculture market. However, the negative impact of the aquaculture industry on the environment may act as a major restraining factor for market growth.
Increasing Use of Advanced Technologies in the Aquaculture Industry is Driving the Global Aquaculture Market
Advanced technologies such as sensors, cameras, recirculation systems are gaining huge traction in the global aquaculture market. Technologies such as augmented reality (AR), virtual reality (VR), and blockchain have already seeped into the industry. Companies like Norwegian AKVA Group ASA are developing cages equipped with cameras, sensors, feeding, and recirculation systems for use in open ocean or inland farming. These technologies are anticipated to offer lucrative growth opportunities to the global aquaculture market in the forecast period.
Surging Demand for Aquatic Animals is Propelling the Global Aquaculture Market
Based on species, the global aquaculture market is segmented into aquatic animals and aquatic plants. The aquatic animal segment holds the largest market share. The segment is further classified into finfishes, mollusks, crustaceans, etc. The rising demand for seafood among both end-user consumers as well as on-trade channels acts as a major driving factor for this segment's growth. The increasing incomes of consumers and dramatic expansion of fish production are other factors influencing the growth of the market.
Global Aquaculture Market - By Production-Type
Based on product type, the global aquaculture market is segmented into small-scale, medium- & large-scale. The small-scale segment accounts for the largest market share as it is predominantly present in Asia-Pacific countries such as China, India, Thailand, etc. Most farmers engage in small-scale aquafarming which they are supposed to sell in the domestic market only, due to which their production output is also limited. The government support to these small-scale farmers in developing countries acts as a major driving factor for this segment growth.
Global Aquaculture Market - Regional Insights
Geographically, the global aquaculture market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. The Asia-Pacific region dominates the global aquaculture market. However, North America also covers a significant share of the market and is expected to grow at a substantial rate during the forecast period. The high private investment towards research and development activities to improve the aquaculture technology and techniques by research institutes and the high adoption of advanced technologies into this industry acts as major driving factors for the growing aquaculture market in this region.
Impact of COVID-19 on Global Aquaculture Market
The COVID-19 pandemic outbreak tremendously halted the growth of the global aquaculture market. The supply chains were completely blocked due to lockdown and restrictions on import and export activities, which affected the operations of the aquaculture companies as well as individuals who solely depended on seafood as their primary source of income. Furthermore, the demand for aquaculture products also registered a significant decline from the consumer's end as well as limited demand from on-trade channels such as hotels and restaurants due to hindrance in tourism.
Competitive Landscape
The leading market players of the global aquaculture market are Pentair PLC, Aquaculture of Texas, Inc., AKVA Group, Aquafarm Equipment AS, Xylem Inc., Reef Industries, Inc., Aquaculture Equipment Ltd., Tan International Ltd, Aquaculture System Technologies, LLC., Lifegard Aquatics, Luxsol, Frea Aquaculture Solutions, Pioneer Group, Asakua, CPI Equipment Inc., Grupo Farallon Aquaculture, Tassal Group Limited, Thai Union Group PLC, Cooke Aquaculture Inc., Stehr Group Pty Ltd., and other prominent players.
The market is fragmented with the presence of several global and regional industry players. However, the local companies have deeper penetration in any given region and therefore, gives tough competition to the global players. The companies focus on expanding their production and significantly invest in r&d activities for disease prevention. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.
Don’t miss the business opportunity of the global aquaculture market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global aquaculture market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global aquaculture market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
Global Aquaculture Market is Forecast to Grow at a CAGR of 4.70% in the Forecast Period
The global aquaculture market is growing at a high CAGR because of the rising consumption of seafood owing to the increasing income of the consumers and expanding import and export activities for seafood products..
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global aquaculture market was worth USD 185.1 billion in the year 2021. It is estimated to grow at a CAGR of 4.70%, earning revenue of around USD 253.9 billion by the end of 2028. The growth of the global aquaculture market is attributed to the rising consumption of seafood owing to the increasing income of the consumers and expanding import and export activities for seafood products. Furthermore, increasing demand for marine plants and organisms in a variety of industries including pharmaceuticals, cosmetics, fertilizers, etc., is further propelling the growth of the global aquaculture market. However, the negative impact of the aquaculture industry on the environment may act as a major restraining factor for market growth.
Increasing Use of Advanced Technologies in the Aquaculture Industry is Driving the Global Aquaculture Market
Advanced technologies such as sensors, cameras, recirculation systems are gaining huge traction in the global aquaculture market. Technologies such as augmented reality (AR), virtual reality (VR), and blockchain have already seeped into the industry. Companies like Norwegian AKVA Group ASA are developing cages equipped with cameras, sensors, feeding, and recirculation systems for use in open ocean or inland farming. These technologies are anticipated to offer lucrative growth opportunities to the global aquaculture market in the forecast period.
Surging Demand for Aquatic Animals is Propelling the Global Aquaculture Market
Based on species, the global aquaculture market is segmented into aquatic animals and aquatic plants. The aquatic animal segment holds the largest market share. The segment is further classified into finfishes, mollusks, crustaceans, etc. The rising demand for seafood among both end-user consumers as well as on-trade channels acts as a major driving factor for this segment's growth. The increasing incomes of consumers and dramatic expansion of fish production are other factors influencing the growth of the market.
Global Aquaculture Market - By Production-Type
Based on product type, the global aquaculture market is segmented into small-scale, medium- & large-scale. The small-scale segment accounts for the largest market share as it is predominantly present in Asia-Pacific countries such as China, India, Thailand, etc. Most farmers engage in small-scale aquafarming which they are supposed to sell in the domestic market only, due to which their production output is also limited. The government support to these small-scale farmers in developing countries acts as a major driving factor for this segment growth.
Global Aquaculture Market - Regional Insights
Geographically, the global aquaculture market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. The Asia-Pacific region dominates the global aquaculture market. However, North America also covers a significant share of the market and is expected to grow at a substantial rate during the forecast period. The high private investment towards research and development activities to improve the aquaculture technology and techniques by research institutes and the high adoption of advanced technologies into this industry acts as major driving factors for the growing aquaculture market in this region.
Impact of COVID-19 on Global Aquaculture Market
The COVID-19 pandemic outbreak tremendously halted the growth of the global aquaculture market. The supply chains were completely blocked due to lockdown and restrictions on import and export activities, which affected the operations of the aquaculture companies as well as individuals who solely depended on seafood as their primary source of income. Furthermore, the demand for aquaculture products also registered a significant decline from the consumer's end as well as limited demand from on-trade channels such as hotels and restaurants due to hindrance in tourism.
Competitive Landscape
The leading market players of the global aquaculture market are Pentair PLC, Aquaculture of Texas, Inc., AKVA Group, Aquafarm Equipment AS, Xylem Inc., Reef Industries, Inc., Aquaculture Equipment Ltd., Tan International Ltd, Aquaculture System Technologies, LLC., Lifegard Aquatics, Luxsol, Frea Aquaculture Solutions, Pioneer Group, Asakua, CPI Equipment Inc., Grupo Farallon Aquaculture, Tassal Group Limited, Thai Union Group PLC, Cooke Aquaculture Inc., Stehr Group Pty Ltd., and other prominent players.
The market is fragmented with the presence of several global and regional industry players. However, the local companies have deeper penetration in any given region and therefore, gives tough competition to the global players. The companies focus on expanding their production and significantly invest in r&d activities for disease prevention. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.
Don’t miss the business opportunity of the global aquaculture market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global aquaculture market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global aquaculture market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
Table of Contents
191 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
- 3. Executive Summary
- 4. Global Aquaculture Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Technological Landscape/Recent Development
- 4.4. Regulatory Framework
- 4.5. Porter’s Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry
- 5. Global Aquaculture Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.1.1. Mollusks
- 5.2.1.2. Crustaceans
- 5.2.1.3. Sea Bass
- 5.2.1.4. Carps
- 5.2.1.5. Salmon
- 5.2.1.6. Others
- 5.2.2. By Environment
- 5.2.2.1. Brackish Water
- 5.2.2.2. Marine Water
- 5.2.2.3. Fresh Water
- 5.2.3. By Form
- 5.2.3.1. Frozen
- 5.2.3.2. Raw
- 5.2.3.3. Canned
- 5.2.3.4. Processed
- 5.2.4. By Region
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. The Asia Pacific
- 5.2.4.4. Latin America
- 5.2.4.5. The Middle East and Africa
- 6. North America Aquaculture Market
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Environment
- 6.2.3. By Form
- 6.2.4. By Country
- 6.2.4.1. United States
- 6.2.4.2. Canada
- 7. Europe Aquaculture Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Environment
- 7.2.3. By Form
- 7.2.4. By Country
- 7.2.4.1. Germany
- 7.2.4.2. United Kingdom
- 7.2.4.3. Italy
- 7.2.4.4. France
- 7.2.4.5. Spain
- 7.2.4.6. Rest of Europe
- 8. The Asia Pacific Aquaculture Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Environment
- 8.2.3. By Form
- 8.2.4. By Country
- 8.2.4.1. China
- 8.2.4.2. India
- 8.2.4.3. Japan
- 8.2.4.4. South Korea
- 8.2.4.5. Rest of Asia Pacific
- 9. Latin America Aquaculture Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Environment
- 9.2.3. By Form
- 9.2.4. By Country
- 9.2.4.1. Brazil
- 9.2.4.2. Mexico
- 9.2.4.3. Rest of Latin America
- 10. The Middle East & Africa Aquaculture Market
- 10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Environment
- 10.2.3. By Form
- 10.2.4. By Country
- 10.2.4.1. Saudi Arabia
- 10.2.4.2. UAE
- 10.2.4.3. South Africa
- 10.2.4.4. Rest of Middle East & Africa
- 11. Competitive Landscape
- 11.1.
- List of Key Players and Their Offerings
- 11.2. Market Share Analysis, 2021
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Development (Merger, Acquisition, Partnership.)
- 12. Impact of COVID-19 on Global Aquaculture Market Industry
- 13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- 13.1. Cooke Aquaculture
- 13.2. Marine Harvest
- 13.3. Nireus
- 13.4. Tassal
- 13.5. Blue Ridge Aquaculture
- 13.6. CERMAQ
- 13.7. Stolt Sea Farm
- 13.8. Irish SeaSpray
- 13.9. Organic Ocean Seafood Inc
- 13.10. Irish Seaweeds
- 13.11. Other Prominent Players
- 14. Key Strategic Recommendations
- *Financial information in case of non-listed companies will be provided as per availability
- **The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
- List of Figures
- Figure 1 Global Aquaculture Segmentation
- Figure 2 Global Aquaculture Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2021
- Figure 4 Global Aquaculture Market Size, By Value (USD Million), 2018-2028
- Figure 5 Global Aquaculture Market Share, By Type, By Value, 2018-2028
- Figure 6 Global Aquaculture Market Share, By Environment, By Value, 2018-2028
- Figure 7 Global Aquaculture Market Share, By Form, By Value, 2018-2028
- Figure 8 Global Aquaculture Market Share, By Region, By Value, 2018-2028
- Figure 9 North America Aquaculture Market Size, By Value (USD Million), 2018-2028
- Figure 10 North America Aquaculture Market Share, By Type, By Value, 2018-2028
- Figure 11 North America Aquaculture Market Share, By Environment, By Value, 2018-2028
- Figure 12 North America Aquaculture Market Share, By Form, By Value, 2018-2028
- Figure 13 North America Aquaculture Market Share, By Country, By Value, 2018-2028
- Figure 14 Europe Aquaculture Market Size, By Value (USD Million), 2018-2028
- Figure 15 Europe Aquaculture Market Share, By Type, By Value, 2018-2028
- Figure 16 Europe Aquaculture Market Share, By Environment, By Value, 2018-2028
- Figure 17 Europe Aquaculture Market Share, By Form, By Value, 2018-2028
- Figure 18 Europe Aquaculture Market Share, By Country, By Value, 2018-2028
- Figure 19 The Asia-Pacific Aquaculture Market Size, By Value (USD Million), 2018-2028
- Figure 20 The Asia-Pacific Aquaculture Market Share, By Type, By Value, 2018-2028
- Figure 21 The Asia-Pacific Aquaculture Market Share, By Environment, By Value, 2018-2028
- Figure 22 The Asia-Pacific Aquaculture Market Share, By Form, By Value, 2018-2028
- Figure 23 The Asia-Pacific Aquaculture Market Share, By Country, By Value, 2018-2028
- Figure 24 Latin America Aquaculture Market Size, By Value (USD Million), 2018-2028
- Figure 25 Latin America Aquaculture Market Share, By Type, By Value, 2018-2028
- Figure 26 Latin America Aquaculture Market Share, By Environment, By Value, 2018-2028
- Figure 27 Latin America Aquaculture Market Share, By Form, By Value, 2018-2028
- Figure 28 Latin America Aquaculture Market Share, By Country, By Value, 2018-2028
- Figure 29 The Middle East & Africa Aquaculture Market Size, By Value (USD Million), 2018-2028
- Figure 30 The Middle East & Africa Aquaculture Market Share, By Type, By Value, 2018-2028
- Figure 31 The Middle East & Africa Aquaculture Market Share, By Environment, By Value, 2018-2028
- Figure 32 The Middle East & Africa Aquaculture Market Share, By Form, By Value, 2018-2028
- Figure 33 The Middle East & Africa Aquaculture Market Share, By Country, By Value, 2018-2028
- List of Tables
- Table 1 Global Aquaculture Market Size, By Type, By Value, 2018-2028
- Table 2 Global Aquaculture Market Size, By Type, By Value, 2018-2028
- Table 3 Global Aquaculture Market Size, By Environment, By Value, 2018-2028
- Table 4 Global Aquaculture Market Size, By Region, By Value, 2018-2028
- Table 5 North America Aquaculture Market Size, By Type, By Value, 2018-2028
- Table 6 North America Aquaculture Market Size, By Type, By Value, 2018-2028
- Table 7 North America Aquaculture Market Size, By Environment, By Value, 2018-2028
- Table 8 North America Aquaculture Market Size, By Country, By Value, 2018-2028
- Table 9 Europe Aquaculture Market Size, By Type, By Value, 2018-2028
- Table 10 Europe Aquaculture Market Size, By Type, By Value, 2018-2028
- Table 11 Europe Aquaculture Market Size, By Environment, By Value, 2018-2028
- Table 12 Europe Aquaculture Market Size, By Country, By Value, 2018-2028
- Table 13 The Asia-Pacific Aquaculture Market Size, By Type, By Value, 2018-2028
- Table 14 The Asia-Pacific Aquaculture Market Size, By Type, By Value, 2018-2028
- Table 15 The Asia-Pacific Aquaculture Market Size, By Environment, By Value, 2018-2028
- Table 16 The Asia-Pacific Aquaculture Market Size, By Country, By Value, 2018-2028
- Table 17 Latin America Aquaculture Market Size, By Type, By Value, 2018-2028
- Table 18 Latin America Aquaculture Market Size, By Type, By Value, 2018-2028
- Table 19 Latin America Aquaculture Market Size, By Environment, By Value, 2018-2028
- Table 20 Latin America Aquaculture Market Size, By Country, By Value, 2018-2028
- Table 21 The Middle East & Africa Aquaculture Market Size, By Type, By Value, 2018-2028
- Table 22 The Middle East & Africa Aquaculture Market Size, By Type, By Value, 2018-2028
- Table 23 The Middle East & Africa Aquaculture Market Size, By Environment, By Value, 2018-2028
- Table 24 The Middle East & Africa Aquaculture Market Size, By Country, By Value, 2018-2028
- Table 25 Cooke Aquaculture Company Overview
- Table 26 Cooke Aquaculture Financial Overview
- Table 27 Marine Harvest Company Overview
- Table 28 Marine Harvest Financial Overview
- Table 29 Nireus Company Overview
- Table 30 Nireus Financial Overview
- Table 31 Tassal Company Overview
- Table 32 Tassal Financial Overview
- Table 33 Blue Ridge Aquaculture Company Overview
- Table 34 Blue Ridge Aquaculture Financial Overview
- Table 35 CERMAQ Company Overview
- Table 36 CERMAQ Chemicals Financial Overview
- Table 37 Stolt Sea Farm Company Overview
- Table 38 Stolt Sea Farm Financial Overview
- Table 39 Irish SeaSpray Company Overview
- Table 40 Irish SeaSpray Financial Overview
- Table 41 Organic Ocean Seafood Inc Company Overview
- Table 42 Organic Ocean Seafood Inc Financial Overview
- Table 43 Irish Seaweeds Company Overview
- Table 44 Irish Seaweeds Financial Overview
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