Adroit Market Research - Industry Insights
Global Aquaculture Market Size by Source (Fresh water, brackish water, sea water), by Consumption (food uses, non-food uses), by Fish Type (finfish, shellfish), By Region and Forecast 2018 to 2025
May 2019
Total Pages: 85
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The global aquaculture market is expected to reach a market value of USD 274.8 billion by the end of 2025. Rising fishing activities globally has led to the diminution of the aquatic ecosystem. Thus, aquaculture as an auxiliary to natural fishing is foreseeing a robust growth. Additionally, the increasing price of fishing operations owing to a sheer hike in fuel prices is also predicted to augment aquaculture adoption globally.
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Aquaculture or aqua-farming is the cultivation of fishes, mollusks, crustaceans and other aquatic organisms under controlled environments. It involves rearing, breeding and harvesting of different species of fishes in different type of water atmospheres. Aquaculture is contributory in creating healthier marine habitats and restoring & regenerating rare fish species. Efficient aquaculture practices can be safeguarded by gaining control over the quality of water and maintaining familiarity to improve the overall biological productivity. This is made conceivable by the introduction of more advanced technologies which are proficient in monitoring the quality of water, analyzing fish behavior as well as managing the facility logistics. With the advancement of Internet of things, the utilization of devices such as smart sensors to document the water quality and make adjustments to maintain best conditions has been activated.
Most of the farmed fishes are utilized for food purpose due to the rising food demand across the globe. The consumer preference shifting towards seafood chiefly as a source of protein has bolstered the need for bizarre fish species thereby raising the overall demand for seafood.
Asia Pacific dominated the global market with China leading the region's production. Chinese aquaculture output accounted for more than 60 percent of total global output, according to the Food and Agriculture Organization of the United Nation. Aqua feed is carried out in this region on state farms, municipalities or through cooperative efforts.
The developing countries in this region are taking up aquaculture to increase their economic health through seafood imports into the developed countries, where their demand is steadily rising. Aquaculture is carried out by private firms in developed regions such as Europe and North America. It is expected that these regions will grow well with modest expansions over the forecast period.
It is recognized that aquaculture provides protein-rich food and is more efficient than any other animal's production. Fishes possess the increased ability to convert nitrogen into tissue protein from aquafeed, making it a more effective protein source than cow or chicken. Seafood accounts for almost 16 percent of all animal protein consumption worldwide, and this ratio is expected to rise along with consumers with increasing demand for high nutritional value seafood. It is expected that the transition from extensive to intensive aquaculture will support the rising demand for marine food.
Key segments of the global aquaculture market
By Water Source, 2015 – 2025 (Revenue)
- Fresh Water
- Brackish Water
- Marine water
By Fish Type, 2015 – 2025 (Revenue)
- Fin Fish
- Shellfish
By Consumption, 2015 – 2025 (Revenue)
- Food Use
- Non Food Use
By Regional, 2015 – 2025 (Revenue)
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- Greece
- Ireland
- Italy
- Norway
- Turkey
- Russia
- Spain
- United Kingdom (UK)
- Rest of Europe
- Asia Pacific
- Bangladesh
- China
- India
- Indonesia
- Philippines
- South Korea
- Rest of APAC
- Middle East & Africa
- Iran
- Nigeria
- Egypt
- Uganda
- Ghana
- Rest of the MEA
- Latin America
- Mexico
- Brazil
- Chile
- Ecuador
- Peru
- Rest of Latin America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global aquaculture industry.
- Aquaculture is gaining prominence in the animal farming market due to the rising demand for seafood globally. Fishes are recognized as the most protein rich food containing high amounts of Omega 3. This has resulted in a rising demand for seafood among health conscious population, thereby driving the demand for seafood.
- Developing countries are engaging in aquaculture to increase their foreign exchange reserves by importing to developed countries, where the demand for seafood is the highest.
What does the report include?
- The study on global aquaculture market includes qualitative factors such as drivers, restraints, and opportunities
- Additionally, the market has been evaluated using the value chain and Porter’s five forces analysis.
- The study covers qualitative and quantitative analysis of the market segmented on the basis of sources, consumption, fish type and region. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
This study is suitable for industry participants and stakeholders in the aquaculture market. The report will benefit:
- Executives of aquaculture companies.
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to aquaculture market.
- Venture capitalist looking into investing capital.
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative aquaculture solutions.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Fish and seafood products are among the world's most traded food commodities, with trade volumes and new highs reaching in 2018. The supply chain for seafood is multifaceted, since fish products generally cross domestic borders various times until final consumption owing to processing and outsourcing to relatively low-wage countries such as China, India, Indonesia, Thailand and Vietnam. In addition to being a crucial protein source, the aquaculture and fishery sector furnishes income and livelihoods, both indirectly and directly. Trade volumes and values are projected to continue to increase with developing countries holding the bulk of world exports.
The whole value chain earns profits
The global market flow of aquaculture can be categorized as manufacturers / suppliers of aqua feed, producers of aquaculture, distributors and end-use industries. Aquaculture's value chain analysis begins with R&D activities that include infrastructure development, regulatory approvals for fish associations, aquatic species selection, selection of farming processes, and practices. Aquatic feed such as fishmeal and fish oil are the major components of the feeds.
The agricultural practice involved represents a significant percent of the end-use product cost. Various practices are adopted in aquaculture, including freshwater pond cultivation; rice-fish cultivation or integrated fish cultivation; brackish water finfish cultivation and mari-culture involving extensive cultivation and fish / shellfish production. The need for opting the suitable method should comprise water source in the nearby locality, environment factors, cost effectiveness of the overall aquaculture ecosystem.
Distributors of aquaculture are the next step in the aquaculture value chain. Aquaculture production is highly used in food consumption, according to the FAO; demand for fish and fish products is sensitive to consumer income levels. Distributor networks therefore play a vital role in the aquaculture market's growth.
Inland fisheries or aquaculture of fresh water are an important component of a growing, global economy of blue growth. The three interrelated aspects such as production technology, socioeconomic factors and environmental factors are included for sustainable aquaculture development. The various factors involved in the development of freshwater aquaculture reveal very high potential for fish cultivation. Inland fisheries are not adequately assessed as to their critical role in food security, and worse yet, they are not even considered when policymakers decide to use, allocate and alter freshwater resources in their communities and nations. Brackish water or briny water has more salinity than fresh water, but not more salinity than marine water. As in estuaries, it can result from mixing seawater with fresh water, or it can occur in brackish fossil aquifers. Brackish aquaculture, also known as coastal aquaculture, is a rapidly expanding agricultural activity and plays a major role in the overall development of fisheries. The demand for oligotrophic and ultra-oligotrophic systems is expected to increase in marine systems, especially in nursery systems. Biofilter sizing and cost efficiency should be addressed for nursery operations.
North America is a very small global player in aquaculture, accounting for less than 1% of global production in 2014 and a steady decline in relative contribution over the past two decades. Increasing demand for seafood produced by aquaculture is expected to result not only from a shortfall in wild fishery production, but also from increased consumer demand for seafood in people's diets in North America. The coastal region of Europe produces vast amounts of aquaculture fish. Northern Europe (e.g. Norway, Scotland, Ireland, Denmark, Faeroe Islands) has a widespread marine culture in marine cage farms. Norway is currently the leading aquaculture fish producer. Asia-Pacific was the dominant region in the global market due to high volume production in China. Heavy consumption of fish and fish products in China, Japan and other Northeast Asian countries is a major factor driving the Asia-Pacific aquaculture market. However, Latin America is expected to witness the fastest growth owing to increasing population, increasing inclination of customers towards procuring fish and fish products as well as rising number of Asian immigrants in the region.
The global aquaculture market is expected to reach a market value of USD 274.8 billion by the end of 2025. Rising fishing activities globally has led to the diminution of the aquatic ecosystem. Thus, aquaculture as an auxiliary to natural fishing is foreseeing a robust growth. Additionally, the increasing price of fishing operations owing to a sheer hike in fuel prices is also predicted to augment aquaculture adoption globally.
Aquaculture or aqua-farming is the cultivation of fishes, mollusks, crustaceans and other aquatic organisms under controlled environments. It involves rearing, breeding and harvesting of different species of fishes in different type of water atmospheres. Aquaculture is contributory in creating healthier marine habitats and restoring & regenerating rare fish species. Efficient aquaculture practices can be safeguarded by gaining control over the quality of water and maintaining familiarity to improve the overall biological productivity. This is made conceivable by the introduction of more advanced technologies which are proficient in monitoring the quality of water, analyzing fish behavior as well as managing the facility logistics. With the advancement of Internet of things, the utilization of devices such as smart sensors to document the water quality and make adjustments to maintain best conditions has been activated.
Most of the farmed fishes are utilized for food purpose due to the rising food demand across the globe. The consumer preference shifting towards seafood chiefly as a source of protein has bolstered the need for bizarre fish species thereby raising the overall demand for seafood.
Asia Pacific dominated the global market with China leading the region's production. Chinese aquaculture output accounted for more than 60 percent of total global output, according to the Food and Agriculture Organization of the United Nation. Aqua feed is carried out in this region on state farms, municipalities or through cooperative efforts.
The developing countries in this region are taking up aquaculture to increase their economic health through seafood imports into the developed countries, where their demand is steadily rising. Aquaculture is carried out by private firms in developed regions such as Europe and North America. It is expected that these regions will grow well with modest expansions over the forecast period.
It is recognized that aquaculture provides protein-rich food and is more efficient than any other animal's production. Fishes possess the increased ability to convert nitrogen into tissue protein from aquafeed, making it a more effective protein source than cow or chicken. Seafood accounts for almost 16 percent of all animal protein consumption worldwide, and this ratio is expected to rise along with consumers with increasing demand for high nutritional value seafood. It is expected that the transition from extensive to intensive aquaculture will support the rising demand for marine food.
Key segments of the global aquaculture market
By Water Source, 2015 – 2025 (Revenue)
- Fresh Water
- Brackish Water
- Marine water
By Fish Type, 2015 – 2025 (Revenue)
- Fin Fish
- Shellfish
By Consumption, 2015 – 2025 (Revenue)
- Food Use
- Non Food Use
By Regional, 2015 – 2025 (Revenue)
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- Greece
- Ireland
- Italy
- Norway
- Turkey
- Russia
- Spain
- United Kingdom (UK)
- Rest of Europe
- Asia Pacific
- Bangladesh
- China
- India
- Indonesia
- Philippines
- South Korea
- Rest of APAC
- Middle East & Africa
- Iran
- Nigeria
- Egypt
- Uganda
- Ghana
- Rest of the MEA
- Latin America
- Mexico
- Brazil
- Chile
- Ecuador
- Peru
- Rest of Latin America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global aquaculture industry.
- Aquaculture is gaining prominence in the animal farming market due to the rising demand for seafood globally. Fishes are recognized as the most protein rich food containing high amounts of Omega 3. This has resulted in a rising demand for seafood among health conscious population, thereby driving the demand for seafood.
- Developing countries are engaging in aquaculture to increase their foreign exchange reserves by importing to developed countries, where the demand for seafood is the highest.
What does the report include?
- The study on global aquaculture market includes qualitative factors such as drivers, restraints, and opportunities
- Additionally, the market has been evaluated using the value chain and Porter’s five forces analysis.
- The study covers qualitative and quantitative analysis of the market segmented on the basis of sources, consumption, fish type and region. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
This study is suitable for industry participants and stakeholders in the aquaculture market. The report will benefit:
- Executives of aquaculture companies.
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to aquaculture market.
- Venture capitalist looking into investing capital.
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative aquaculture solutions.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Chapter 1 Executive Summary
Chapter 2 Research Methodology
2.1 Research approach
2.2 Scope, definition, and assumptions
2.3 Data sources
Chapter 3 Market Insights
3.1 Introduction
3.2 Industry trends
3.3 Value chain analysis
3.4 Market Dynamics
3.4.1 Drivers
3.4.1.1 Fish Production Rise to Meet Food Supply
3.4.1.2 Technological Innovation in Aquaculture
3.4.1.3 Global Protein Demand Rise Sourced From Livestock and Fisheries
3.4.2 Restraints
3.4.3 Opportunities
3.5 Porter’s five forces analysis
3.6 PESTLE analysis
Chapter 4 Aquaculture Market Overview, By Source
4.1 Global Aquaculture market share, by Source, 2017 & 2025
4.1.1 Fresh water
4.1.1.1 Market size and projections, 2015-2025 (USD Million)
4.1.2 Brackish water
4.1.2.1 Market size and projections, 2015-2025 (USD Million)
4.1.3 Sea water
4.1.3.1 Market size and projections, 2015-2025 (USD Million)
Chapter 5 Aquaculture Market Overview, By Consumption
5.1 Global Aquaculture market share, by consumption, 2017 & 2025
5.1.1 Food uses
5.1.1.1 Market size and projections, 2015-2025 (USD Million)
5.1.2 Non-Food uses
5.1.2.1 Market size and projections, 2015-2025 (USD Million)
Chapter 6 Aquaculture Market Overview, By Fish Type
6.1 Global Aquaculture market share, by Fish Type, 2017 & 2025
6.1.1 Finfish
6.1.1.1 Market size and projections, 2015-2025 (USD Million)
6.1.2 Shellfish
6.1.2.1 Market size and projections, 2015-2025 (USD Million)
Chapter 7 Aquaculture Market Overview, By Region
7.1 Global Aquaculture market share, by region, 2017 & 2025
7.1.1 North America
7.1.1.1 Market size and projections, 2015-2025 (USD Million)
7.1.1.2 US
7.1.1.2.1 Market size and projections, 2015-2025 (USD Million)
7.1.1.3 Canada
7.1.1.3.1 Market size and projections, 2015-2025 (USD Million)
7.1.2 Europe
7.1.2.1 Market size and projections, 2015-2025 (USD Million)
7.1.2.2 Germany
7.1.2.2.1 Market size and projections, 2015-2025 (USD Million)
7.1.2.3 United Kingdoms
7.1.2.3.1 Market size and projections, 2015-2025 (USD Million)
7.1.2.4 France
7.1.2.4.1 Market size and projections, 2015-2025 (USD Million)
7.1.2.5 Italy
7.1.2.5.1 Market size and projections, 2015-2025 (USD Million) Italy
7.1.2.6 Spain
7.1.2.6.1 Market size and projections, 2015-2025 (USD Million)
7.1.2.7 Rest of Europe
7.1.2.7.1 Market size and projections, 2015-2025 (USD Million)
7.1.3 Asia Pacific
7.1.3.1 Market size and projections, 2015-2025 (USD Million)
7.1.3.2 China
7.1.3.2.1 Market size and projections, 2015-2025 (USD Million)
7.1.3.3 Japan
7.1.3.3.1 Market size and projections, 2015-2025 (USD Million)
7.1.3.4 India
7.1.3.4.1 Market size and projections, 2015-2025 (USD Million)
7.1.3.5 Thailand
7.1.3.5.1 Market size and projections, 2015-2025 (USD Million)
7.1.3.6 South Korea
7.1.3.6.1 Market size and projections, 2015-2025 (USD Million)
7.1.4 Rest of the World
7.1.4.1 Market size and projections, 2015-2025 (USD Million)
7.1.4.2 Brazil
7.1.4.2.1 Market size and projections, 2015-2025 (USD Million)
Chapter 8 Company Profiles
8.1 Aquabounty Technologies
8.1.2 Company overview
8.1.3 Product portfolio
8.1.4 Key developments
8.1.5 Financial performance
8.2 Alpharma, Inc.
8.2.1 Company overview
8.2.2 Product portfolio
8.2.3 Key developments
8.2.4 Financial performance
8.3 Bioshelters, Inc.
8.3.1 Company overview
8.3.2 Product portfolio
8.3.3 Key developments
8.3.4 Financial performance
8.4 Farmocean International A.B.
8.4.1 Company overview
8.4.2 Product portfolio
8.4.3 Key developments
8.4.4 Financial performance
8.5 Starkist Seafood Company
8.5.1 Company overview
8.5.2 Product portfolio
8.5.3 Key developments
8.5.4 Financial performance
8.6 Zeigler Bros., Inc
8.6.1 Company overview
8.6.2 Product portfolio
8.6.3 Key developments
8.6.4 Financial performance
8.7 Cards Aquaculture Products Ltd.
8.7.1 Company overview
8.7.2 Product portfolio
8.7.3 Key developments
8.7.4 Financial performance
8.8 Biomar
8.8.1 Company overview
8.8.2 Product portfolio
8.8.3 Key developments
8.8.4 Financial performance
8.9 Micro Gaia Inc
8.9.1 Company overview
8.9.2 Product portfolio
8.9.3 Key developments
8.9.4 Financial performance
8.10 Nelson & Sons Inc
8.10.1 Company overview
8.10.2 Product portfolio
8.10.3 Key developments
8.10.4 Financial performance
8.11 Cermaq Group AS
8.10.1 Company overview
8.10.2 Product portfolio
8.10.3 Key developments
8.10.4 Financial performance
8.12 Cooke Aquaculture Inc.
8.10.1 Company overview
8.10.2 Product portfolio
8.10.3 Key developments
8.10.4 Financial performance
8.13 Grupo Farallon Aquaculture
8.10.1 Company overview
8.10.2 Product portfolio
8.10.3 Key developments
8.10.4 Financial performance
8.14 Leroy Sea Food Group
8.10.1 Company overview
8.10.2 Product portfolio
8.10.3 Key developments
8.10.4 Financial performance
8.15 Marine Harvest ASA
8.10.1 Company overview
8.10.2 Product portfolio
8.10.3 Key developments
8.10.4 Financial performance
8.16 P/F Bakkafrost
8.10.1 Company overview
8.10.2 Product portfolio
8.10.3 Key developments
8.10.4 Financial performance
8.17 Selonda Aquaculture S.A.
8.10.1 Company overview
8.10.2 Product portfolio
8.10.3 Key developments
8.10.4 Financial performance
8.18 Stolt Sea Farm
8.10.1 Company overview
8.10.2 Product portfolio
8.10.3 Key developments
8.10.4 Financial performance
8.19 Tassal Group Limited
8.10.1 Company overview
8.10.2 Product portfolio
8.10.3 Key developments
8.10.4 Financial performance
8.20 Thai Union Group Public Company Limited
8.10.1 Company overview
8.10.2 Product portfolio
8.10.3 Key developments
8.10.4 Financial performance
Chapter 9 Industry Structure
9.1 Company market share, 2017
9.2 Strategic framework