The global aquaculture market size is estimated to be valued at US$ 274.8 billion by 2025. Increasing fishing activities across the world has resulted in the depletion of aquatic ecosystems. Therefore, the demand for aquaculture as a substitute to natural fishing is witnessing a substantial growth. Also, the perpetually rising cost of fishing operations due to steep hike in fuel prices, are also anticipated to drive the global aquaculture market size between 2018 and 2025.

                                   Global Aquaculture Market Size, 2014-2025 (USD Billion)

Aquaculture or aqua farming is the farming of crustaceans, fishes, mollusks, and other organisms under controlled conditions. It includes breeding, rearing and harvesting of fishes in every type of water environments. Aquaculture is instrumental in restoring and creating healthier marine habitats that help regenerate endangered fish species. Effective aquaculture can be ensured by gaining familiarity and control of the water quality in order to enhance its biological productivity. This has been made possible through the development of newer technologies that are capable of monitoring water quality, document fish behavior and manage facility logistics. With the development of Internet of things (IoT), the use of devices such as the smart sensor to monitor water quality and make real time adjustments to maintain optimal conditions has been triggered.

The major driver of seafood industry growth is the burgeoning global population, resulting in overexploitation of natural resources from captured fisheries. To reduce over-fishing and prevent the extinction of endangered fish species, governments across the world are implementing several restrictive regulations on fishing. There has been a strong demand for high cost species like oysters, shrimps and prawns in most of the developed countries. This has encouraged countries to engage in aquaculture to bridge the demand supply gap and increase their overall foreign exchange.

                          China Aquaculture Volume Market Share, By Fish Species, 2017 (%)

Majority of the aquacultured fishes are consumed for food owing to the ever increasing food demand globally. The consumer shift towards seafood as a protein source has increased the demand for exotic fish species such as oysters, thereby increasing the demand for seafood.

In terms of regional demand for aquaculture market growth, Asia Pacific is the dominant region with China leading the production in this region. According to the United Nation’s Food and Agriculture Organization, China’s aquaculture output accounted for more than 60% of the total global output. Aqua feed in this region is carried out in state farms, communes or through cooperative endeavor. The developing countries in this region are taking up aquaculture in order to increase their economic health via seafood imports to the developed countries, where its demand is rising continuously. The industrially developed regions such as North America and Europe, aquaculture is carried out by private companies. These regions are expected to show a healthy growth with modest expansions during the forecast period.

Aquaculture is recognized to provide protein rich food and is more efficient than production of any other animal. Fishes have the enhanced capacity to convert nitrogen from aquafeed, into tissue protein thereby making it a more efficient source of protein than cow or the chicken. Seafood represents nearly 16% of all animal protein consumption globally, and this proportion expected to increase as consumers with rising incomes demand for higher value seafood. The transition from extensive to intensive aquaculture that is taking place, is expected to support the rising demand for sea food.

Key segments of the global aquaculture market

By Water Source, 2015 – 2025 (Revenue) (Volume)

• Fresh Water
• Brackish Water
• Marine water

By Fish species, 2015 – 2025 (Revenue) (Volume)

• Fin Fish
• Shell Fish

By Consumption, 2015 – 2025 (Revenue) (Volume)

• Food Use
• Non Food Use

By Regional, 2015 – 2025 (Revenue) (Volume)

• 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.