The global Aquaculture market size was valued at US$ 214,420 million in 2023. With growing demand in the downstream market, aquaculture is forecasted to expand, driven by increasin
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Introduction
Aquaculture, also known as aquafarming, is the farming of aquatic organisms such as fish, crustaceans, molluscs and aquatic plants. Aquaculture involves cultivating freshwater and saltwater populations under controlled conditions, and can be contrasted with commercial fishing, which is the harvesting of wild fish. Broadly speaking, the relation of aquaculture to finfish and shellfish fisheries is analogous to the relation of agriculture to hunting and gathering. Mariculture refers to aquaculture practiced in marine environments and in underwater habitats.
Market Insights
According to the Publishers’ latest study, the global Aquaculture market size was valued at US$ 214420 million in 2023. With growing demand in downstream market, the Aquaculture is forecast to a readjusted size of US$ 277160 million by 2030 with a CAGR of 3.7% during review period.
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Global Aquaculture key players include Marineharvest, Cooke Aquaculture, Cermaq, Zhanjiang Guolian , Nireus Aquaculture, etc. Global top five players hold a share about 2%.
China is the largest market, with a share about 60%, followed by India and Europe, having a total share about 10 percent.
In terms of product, Fishes is the largest segment, with a share about 65%. And in terms of application, the application includes Goldfish, Koi, Tropical Fish.
Key Features:
The report on Aquaculture market reflects various aspects and provide valuable insights into the industry.
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Manmayi Raval
Research Consultant
Trends:
The global aquaculture market is witnessing a shift towards more sustainable and environmentally friendly practices, with a growing focus on technologies that minimize the environmental impact of aquaculture operations, such as recirculating aquaculture systems (RAS) and integrated multi-trophic aquaculture (IMTA).
There is an increasing trend towards the diversification of aquaculture species, with a growing interest in the cultivation of high-value species, such as premium finfish, crustaceans, and mollusks, to cater to the evolving consumer preferences and market demands.
The industry is experiencing a rise in the adoption of digital technologies, including data analytics, automation, and remote monitoring, to optimize production processes, enhance efficiency, and improve decision-making in aquaculture operations.
The market is seeing a growing emphasis on traceability, transparency, and certification schemes, as consumers and regulators demand more information about the origin, production methods, and sustainability of aquaculture products.
There is a trend towards the consolidation of the aquaculture industry, with larger players acquiring smaller operations and integrating vertically to achieve economies of scale and improve market control.
The industry is witnessing an increased focus on research and development (R&D) to develop innovative solutions, such as improved feed formulations, disease-resistant strains, and advanced production technologies, to drive productivity and profitability.
Drivers:
The growing global population and the corresponding increase in the demand for protein-rich foods, particularly seafood, are driving the expansion of the aquaculture industry to meet the rising consumption needs.
The depletion of wild fish stocks and the stagnation of capture fisheries, coupled with the increasing awareness of the environmental impact of overfishing, are fueling the shift towards aquaculture as a more sustainable source of seafood.
The rising middle-class population, particularly in emerging economies, and the associated changes in dietary preferences towards healthier and more diverse seafood options are contributing to the growth of the aquaculture market.
The advancements in aquaculture technologies, such as improved feeding systems, disease management, and water quality control, are enhancing the productivity and efficiency of aquaculture operations, driving market growth.
The increasing government support, through policies, regulations, and funding initiatives, to promote sustainable aquaculture practices and ensure food security is propelling the development of the aquaculture industry.
The growing awareness of the nutritional and health benefits of seafood, particularly in terms of omega-3 fatty acids and other essential nutrients, is driving consumer demand and fueling the expansion of the aquaculture market.
Opportunities:
The development and adoption of advanced technologies, such as RAS, IMTA, and digital solutions, present opportunities for aquaculture producers to enhance productivity, reduce environmental impact, and improve overall operational efficiency.
The diversification of aquaculture species, particularly the cultivation of high-value finfish, crustaceans, and mollusks, can open up new market segments and enable producers to cater to evolving consumer preferences and demands.
The growing emphasis on traceability, transparency, and sustainability in the industry creates opportunities for aquaculture producers to differentiate their products and capitalize on the increasing consumer demand for responsibly sourced seafood.
The expansion of the aquaculture industry in emerging markets, particularly in Asia, Africa, and Latin America, presents opportunities for producers and equipment/technology providers to tap into new geographic regions and diversify their customer base.
The increasing focus on research and development to develop innovative solutions, such as improved feed formulations, disease-resistant strains, and advanced production technologies, can lead to the creation of new market niches and revenue streams.
The rising demand for aquaculture products in the food service and retail sectors, driven by the growing popularity of seafood consumption, can create opportunities for producers to expand their distribution channels and reach new customer segments.
Threats:
The prevalence of disease outbreaks and the risk of disease transmission in aquaculture operations can pose a significant challenge, leading to production losses and increased costs for producers.
The availability and cost of aquaculture feed, particularly the supply of sustainable and high-quality feed ingredients, can be a major constraint for the industry, impacting profitability and sustainability.
The environmental concerns associated with aquaculture, such as water pollution, habitat degradation, and the potential impact on wild fish populations, can lead to stricter regulations and public scrutiny, thereby increasing the compliance costs for producers.
The intense competition from both domestic and international aquaculture producers, as well as the threat of substitutes from capture fisheries and alternative protein sources, can put pressure on ‘profit margins and market share.
The volatility in the prices of aquaculture products, driven by factors such as supply-demand imbalances, trade policies, and economic conditions, can create challenges for producers in terms of revenue stability and investment planning.
The availability and cost of skilled labour, as well as the challenges in attracting and retaining talent in the aquaculture industry, can hinder the growth and expansion of the market.
Market Size and Growth: The research report provide an overview of the current size and growth of the Aquaculture market. It may include historical data, market segmentation by Type (e.g., Fishes, Crustaceans), and regional breakdowns.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Aquaculture market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Aquaculture market. It includes factors influencing customer ' purchasing decisions, preferences for Aquaculture product.
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Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Aquaculture market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Aquaculture market. The report also evaluates the effectiveness of these policies in driving market growth.
Market Forecasts and Future Outlook: The global aquaculture market is poised for continued growth, driven by the increasing demand for protein-rich seafood, the depletion of wild fish stocks, and the advancements in aquaculture technologies and practices.
Market Segmentation:
Aquaculture market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Fishes
Crustaceans
Molluscs
Segmentation by application
Goldfish
Koi
Tropical Fish
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Marineharvest
Cooke Aquaculture
Cermaq
Guolian Aquatic Products
Nireus Aquaculture
HUON
Dalian Zhangzidao
Shanwei Good Harvest Aquatic Products
Hainan Xiangtai Fishery Group
Hendrix Genetics
Selonda
Dahu Aquaculture Co Ltd
Dalian Jinshan
Zhanjiang Evergreen Aquatic Product
Shandong Homey Aquatic
Guangdong Dafeng
Shandong Oriental Ocean
Dalian Keybridge
Tassal group Ltd.
Shandong Xunshan Fisheries
Lufeng Group
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Aquaculture Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Aquaculture by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Aquaculture by Country/Region, 2019, 2023 & 2030
2.2 Aquaculture Segment by Type
2.2.1 Fishes
2.2.2 Crustaceans
2.2.3 Molluscs
2.3 Aquaculture Sales by Type
2.3.1 Global Aquaculture Sales Market Share by Type (2019-2024)
2.3.2 Global Aquaculture Revenue and Market Share by Type (2019-2024)
2.3.3 Global Aquaculture Sale Price by Type (2019-2024)
2.4 Aquaculture Segment by Application
2.4.1 Goldfish
2.4.2 Koi
2.4.3 Tropical Fish
2.4.4 Other
2.5 Aquaculture Sales by Application
2.5.1 Global Aquaculture Sale Market Share by Application (2019-2024)
2.5.2 Global Aquaculture Revenue and Market Share by Application (2019-2024)
2.5.3 Global Aquaculture Sale Price by Application (2019-2024)
3 Global Aquaculture by Company
3.1 Global Aquaculture Breakdown Data by Company
3.1.1 Global Aquaculture Annual Sales by Company (2019-2024)
3.1.2 Global Aquaculture Sales Market Share by Company (2019-2024)
3.2 Global Aquaculture Annual Revenue by Company (2019-2024)
3.2.1 Global Aquaculture Revenue by Company (2019-2024)
3.2.2 Global Aquaculture Revenue Market Share by Company (2019-2024)
3.3 Global Aquaculture Sale Price by Company
3.4 Key Manufacturers Aquaculture Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Aquaculture Product Location Distribution
3.4.2 Players Aquaculture Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Aquaculture by Geographic Region
4.1 World Historic Aquaculture Market Size by Geographic Region (2019-2024)
4.1.1 Global Aquaculture Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Aquaculture Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Aquaculture Market Size by Country/Region (2019-2024)
4.2.1 Global Aquaculture Annual Sales by Country/Region (2019-2024)
4.2.2 Global Aquaculture Annual Revenue by Country/Region (2019-2024)
4.3 Americas Aquaculture Sales Growth
4.4 APAC Aquaculture Sales Growth
4.5 Europe Aquaculture Sales Growth
4.6 Middle East & Africa Aquaculture Sales Growth
5 Americas
5.1 Americas Aquaculture Sales by Country
5.1.1 Americas Aquaculture Sales by Country (2019-2024)
5.1.2 Americas Aquaculture Revenue by Country (2019-2024)
5.2 Americas Aquaculture Sales by Type
5.3 Americas Aquaculture Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Aquaculture Sales by Region
6.1.1 APAC Aquaculture Sales by Region (2019-2024)
6.1.2 APAC Aquaculture Revenue by Region (2019-2024)
6.2 APAC Aquaculture Sales by Type
6.3 APAC Aquaculture Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Aquaculture by Country
7.1.1 Europe Aquaculture Sales by Country (2019-2024)
7.1.2 Europe Aquaculture Revenue by Country (2019-2024)
7.2 Europe Aquaculture Sales by Type
7.3 Europe Aquaculture Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Aquaculture by Country
8.1.1 Middle East & Africa Aquaculture Sales by Country (2019-2024)
8.1.2 Middle East & Africa Aquaculture Revenue by Country (2019-2024)
8.2 Middle East & Africa Aquaculture Sales by Type
8.3 Middle East & Africa Aquaculture Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Aquaculture
10.3 Manufacturing Process Analysis of Aquaculture
10.4 Industry Chain Structure of Aquaculture
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Aquaculture Distributors
11.3 Aquaculture Customer
12 World Forecast Review for Aquaculture by Geographic Region
12.1 Global Aquaculture Market Size Forecast by Region
12.1.1 Global Aquaculture Forecast by Region (2025-2030)
12.1.2 Global Aquaculture Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Aquaculture Forecast by Type
12.7 Global Aquaculture Forecast by Application
13 Key Players Analysis
13.1 Marineharvest
13.1.1 Marineharvest Company Information
13.1.2 Marineharvest Aquaculture Product Portfolios and Specifications
13.1.3 Marineharvest Aquaculture Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Marineharvest Main Business Overview
13.1.5 Marineharvest Latest Developments
13.2 Cooke Aquaculture
13.2.1 Cooke Aquaculture Company Information
13.2.2 Cooke Aquaculture Aquaculture Product Portfolios and Specifications
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