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Aquaculture - Global Market Trajectory & Analytics

  • ID: 560601
  • Report
  • September 2020
  • Region: Global
  • 455 Pages
  • Global Industry Analysts, Inc
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With COVID-19 having a damaging impact on Aquaculture, the market is expected to lose steam before recovering to reach a projected global market size of US$245.1 billion by 2027. Stringent lockdown measures imposed by governments worldwide to control the spread of the pandemic have cast a shadow on food and nutrition security. Global food supply chains are severely disrupted as governments move swiftly to implement trade restrictions to protect domestic food supplies, a move that has and continues to impact countries dependent on food imports. Fish and aquatic food value chain is currently witnessing a medley of challenges ranging from shutdown of operations, changing consumer demands, market access and logistical problems, and transportation and border restrictions. Fishing fleets are tied up as part of the restrictions negatively impacting commercial fishing which is a major part of the global food system. Closure of restaurants and hotels, who represent large buyers of fish and seafood, has impacted sales significantly. Lower demand, setbacks to exports and higher costs of operations are chipping off profit margins of fisheries and seafood companies. Supply chain interruptions caused by disruptions in transportation, trade and labor have halted aquaculture operations. Delayed stocking of aquaculture feed and systems is impacting production with rising prices threatening to be a key fallout. The value chain for fish and fish products is labor intensive and all of these factors discussed above are impacting food security and nutrition for populations that rely on fish for animal protein and essential micronutrients. Unless immediate corrective measures and policy changes are made, seafood a critical part of food security goals, will become less affordable for the poor under the current scenario.

Aquaculture has long benefited from continuous mismanagement of ocean resources, the resulting deterioration in the biological productivity of the ocean to meet surging global demand for seafood, and the ensuing focus on fish farming to bridge the supply demand gap. In the post-COVID-19 period, the growing emphasis laid on immunity boosting foods will spur popularity of salmon supported by numerous health benefits such as rich content of Omega-3 fatty acids vital for heart and brain health, protein vital for muscle health, Carotenes & Astaxanth in which are powerful anti-oxidants that fight cancer, potassium and Vitamin B 12 and B6, and Selenium, a mineral that is vital in the health of the thyroid gland. Norway and Chile currently rank as the world's largest producers of farmed salmon accounting for over 20% of global production. Easy breeding in sea cages and high market prices make Atlantic Salmon the most important species of salmon worldwide in terms of volume production cornering a 70% share of wild and farmed salmon produced. Other major growth factors to watch out for during the post-crisis period include research-based innovation and advancement of aquaculture technologies; improving eco-friendliness of land based fish farms; development of potent fish food and feed, water cleaning mechanisms and large-scale aquaponics systems; significant improvements in distribution, logistics, and transportation; increasing preference for nutritious and protein-rich seafood as a primary source of vitamins, minerals and essential fats; rise of organic aquaculture supported by rising consumer preference for natural foods. China represents the largest market worldwide. Developing countries such as India, Indonesia, and Vietnam are forecast to strengthen their position as major contributors to aquaculture production in the coming years, led by factors such as rising standards of living and increase in per capita seafood consumption; establishment of new fish farms for export production; availability of large government schemes and heavy investments supporting aquaculture and fisheries; growing awareness over fish health, breeding and management; and strict regulations governing ocean catch and clampdown on destructive fishing and the ensuing increase in investments in aquaculture.

Competitors identified in this market include, among others:
  • American Abalone Farms
  • Blue Ridge Aquaculture Inc.
  • Cermaq ASA
  • Cooke Aquaculture
  • Dainichi Corporation
  • Empresas AquaChile S. A.
  • Huon Aquaculture Group Limited
  • Lerøy Seafood Group ASA
  • Marine Harvest ASA
  • Marine Harvest Canada
  • Maruha Nichiro Corporation
  • Multiexport Foods
  • Nireus S. A.
  • Norway Royal Salmon ASA
  • SalMar ASA
  • Sea Watch International Ltd.
  • Selonda Aquaculture S. A.
  • Stehr Group
  • Stolt Sea Farm
  • Tassal Group Ltd.
  • Taylor Shellfish Inc.
  • The Nueva Pescanova Group
  • Unima Group
  • Zhanjiang Guolian Aquatic Products Co. Ltd.
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Aquaculture: The Blue Revolution for Meeting Growing Seafood Needs of the Masses
  • Sustainability and Resource Efficiency Comparison of Farmed Seafood Vis-à-vis Other Protein Sources
  • Aquaculture: Fast Facts
  • Aquaculture as a Potential Solution for Overcoming Insufficient Supply of Seafood: Foundation for Market Growth
  • Depletion of Natural Fish Stock: A Major Cause of Concern
  • Global Marine Fishery Sector: Percentage Breakdown by State of Fish Stock (2019)
  • Aquatic Ecosystems Set to Bridge the Gap between Demand and Supply
  • Supported by Aquaculture, Global Per Capita Fish Consumption Surges
  • Global Per Capita Fish Consumption (in Kg per Capita) by Region for 2019
  • Global Per Capita Fish Consumption (in Kg/Person/Year) by Region/Country for 2015-17 and 2027
  • Global Aquaculture Production Trends: An Overview
  • Global Aquaculture Production (in Mt) for the Years 2011 through 2027
  • Aquaculture as % of Fish & Seafood Production by Region for 2008, 2018 and 2028
  • Major Species Produced in Aquaculture Producing Countries Worldwide
  • Aquaculture to Surpass Wild Fisheries Production
  • EXHBIT: Global Fish Production (In Thousand Tonnes) by Aquaculture and Capture Fisheries for the Years 2019, 2021, 2023, 2025 and 2027
  • Global Aquaculture Production: Percentage Breakdown of Production Volume by Geographic Region for 1997, 2017 and 2027
  • Carp Dominates Freshwater Aquaculture Production, followed by Molluscs
  • Global Aquaculture Production by Species (in Tonnes) for 2016-2018
  • Countries with Long Aquaculture Traditions and Robust Practices
  • Global Market Outlook
  • Developing Countries Continue to Turbocharge Future Growth
  • Key Market Challenges in a Nutshell
  • Competition
  • Atlantic Salmon Farming Market
  • Salmon Market Leading Players Ranked by Harvest (GWT) for 2019
  • Mowi Leads the Atlantic Salmon Farming Market: Share of Marine Harvest in Atlantic Salmon Farming Markets in Chile, North America, Norway and UK
  • Private Sector Investments Vie to Bridge Gap in the Market
  • Recent Market Activity
  • Impact of COVID-19 on Aquaculture Industry
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Growing Preference for Nutritious, Low-Fat, and Protein-Rich Seafood Drives Healthy Market Growth
  • World Seafood Consumption in Thousand Tons by Geographic Region for the Years 2018 and 2022
  • Myriad Benefits of Fish to Human Life
  • Skin Care from Seafood
  • Aquatic Animals: A Potential Source of Medicinal Properties
  • Seafood: A Primary Source of Omega-3 Fatty Acids
  • Fish: An Important Source of Animal Protein
  • Global Fish Consumption Breakdown (in %) by Mode for Feed, Food and Others: 2019
  • Growing Prominence of Farmed Salmon Benefits Market Expansion
  • Bridging Supply-Demand Gap
  • Primary Markets for Salmon Worldwide
  • Farmed Salmon Production, Supply, and Consumption: Key Statistical Data
  • Global Salmonids Supply: Production Volume in Thousand Tonnes GWT for Wild Salmonids and Farmed Salmonids for the Years 2012 through 2018
  • Global Atlantic Salmon Market: Breakdown of Harvest Volume (in Thousand Tonnes GWT) by Region/Country for 2012 & 2018
  • Global Consumption of Farmed Atlantic Salmon: Percentage Breakdown of Consumption Volume by Region/Country for 2019
  • Per Capita Consumption of Salmon in Kg per Year by Country for 2019
  • Significant Improvements in Distribution, Logistics & Transportation Drive Market Penetration
  • Spiraling Popularity of Organic Aquaculture Lends Traction to Market Growth
  • Major Organic Species
  • Organic Seafood Market
  • Developing World Adopts Aquaculture to Ward off Malnutrition, Presents Significant Growth Opportunities
  • Emerging Countries in Asia and Latin America: Major Contributors to Global Fish Supply
  • Combination of Prioritization and National Level Strategies to Drive Aquaculture Growth in Africa
  • Expanding Production Area and Integration with Agriculture Signals Growth Opportunities
  • Demand for Aquafeed Surges
  • Vegetable-Based Feeds Gain Importance
  • Small Scale Aquacultures: 'Talk of the Town'
  • Expanding Population Gives Rise to Food Security Concerns, Offers a Strong Business Case for Aquaculture
  • Global Food Scenario: Fast Facts
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Worldwide Number of Undernourished People in Millions for the Years 2012 through 2018
  • Development of Cost-Efficient and Sustainable Aquaculture: Need of the Hour
  • Concerns Over Farmed and Genetically Modified Fish
  • Emerging Technologies Set to Disrupt the Fisheries and Aquaculture Market
  • Blockchain Technology
  • Sensors, Big Data & AIS
  • Issues Influencing Future Trade in Aquaculture and Related Products
  • Aquaculture: Technology Innovations & Advancements
  • New Innovative Technology and Practices to Enable Efficient and Sustainable Aquaculture
  • Alternative Feed, Vertical Underwater Farming & Re-Circulating Systems: Alternative to Diminishing Wild Fisheries
  • Innovations Targeting Sustainable Aquaculture
  • Recirculating Aquaculture Systems (RAS)
  • Integrated Multi-Trophic Aquaculture
  • Seaweed: A High Potential Source for Bioenergy Production
  • Disease Prevention, Vaccine Delivery: Focus of Innovation Efforts
  • Alternatives to Fish Meal Gain Prominence
  • Biomass Daily
  • aquaSmart
  • Phototrophic Algae in Fish Feeds
  • Advanced Feeding Technologies for Enhanced Production of Seafood
  • Biotechnology: Towards Safer and Eco-Friendly Aquaculture
  • Extensive and Intensive System of Cultivation
  • Drones Gaining Popularity in Aquaculture
  • Climate Change to Seriously Impact Fish Rearing in the Near Future
  • Dangers from Climate Change to Aquaculture across Countries and Regions
  • Systems and Species that are Most Vulnerable
  • Possible Solutions to Climate Change-Induced Problems
  • Aquaculture and Related Environment Concerns
  • Toxic Additives and Contaminants in Farmed Fish
  • Promotion of Marine Conservation by NGOs
  • Fish for Fish Feed
  • Organic and Chemical Pollution
  • Mangroves and Shrimp Aquaculture
  • Intensive Shrimp Farming: A Threat to Environment
  • White Spot Disease: A Major Threat for Shrimp Industry
  • Predator Control in Aquaculture
  • Negative Effects and Risks of Aquaculture
  • El Nino and La Nina: Effects on Aquatic Life
  • Product Overview
  • Aquaculture: Definition
  • Why Aquaculture?
  • Production Methods
  • Freshwater Aquaculture: Semi-Intensive Vs Intensive Systems
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Rising Demand for Health Foods from Aquaculture Drive Market Growth
  • Farmed Catfish Dominates Aquaculture Production and Revenues in the US
  • US Aquaculture Market (2019): Percentage Breakdown of Production Volume by Species
  • Market Fortunes Tied to Demand from Seafood Processing and Preparation Industry
  • Feed Prices: Largest Cost Component for Aquaculture Operators
  • Southeastern States Dominate Aquaculture Production
  • Marine Aquaculture Production in the US by Region (2019): Percentage Breakdown of Volume Production for Atlantic, Gulf, and Pacific
  • Aquaculture: Fastest Growing Segment of Agriculture
  • Evolution of Aquaculture over Wild Harvest
  • Aquaculture Imports Compensate for Low Domestic Production
  • Major Challenges Facing US Aquaculture Market
  • Competitive Landscape: Highly Fragmented
  • Farmed Atlantic Salmon Market in North America: Breakdown of Harvest Volume (in %) by Company for 2019
CANADA
  • Market Overview
  • Canadian Aquaculture Market: Breakdown of Production Volume in Tonnes by Type (2018)
  • British Columbia: A Major Fish Farming Region in Canada
  • Market Analytics
JAPAN
  • Market Overview
  • Japan Fisheries and Aquaculture Market by Type (2017 and 2018): Breakdown of Production Volume in Thousand Tonnes for Aquaculture and Fishery Segments
  • Market Analytics
CHINA
  • China: Largest Producer, Exporter, and Consumer of Aquaculture Worldwide
  • Seafood Production in China: Production Volume (in Million Tons) for Cultured Seafood and Wild Caught Seafood for 2014-2019
  • Chinese Cultured Seafood Production Market: Percentage Breakdown of Production Volume by Province (2019)
  • Freshwater Aquaculture Dominates Production, Followed by Mariculture
  • Government Support Provides Growth Impetus
  • Emergence of Enhanced Breeding Strains
  • Launch of New Species
  • Developments in Aquaculture Engineering
  • Diversified Diets, Rising Affluence and Favorable Policies Determine Market Dynamics
  • China’s Aquaculture Industry Witnesses Modernization through Cloud Computing
  • Despite Rapid Expansion, Safety and Quality Concerns Continue to Haunt Chinese Produce
  • Market Analytics
EUROPE
  • Potential to Reduce Dependence on Traditional Fishing Sustains Market Growth
  • EU Fisheries and Aquaculture Production (2019): Percentage Breakdown of Production Volume by Aquaculture and Wild Catch
  • Aquaculture Market in the EU (2019): Percentage Breakdown of Production Value by Category of Farmed Fish
  • The ClimeFish Project: Towards Expansion in Aquaculture Production
  • The FISHBOOST Project for Improving Aquaculture Breeding Methods
  • Rearing of Ballan Wrasse to Address the Issue of Sea Lice in Norway Waters
  • Key Challenges to Development of Organic Aquaculture in Europe
  • Market Analytics
FRANCE

GERMANY
  • Market Overview
  • Market Analytics
ITALY

UNITED KINGDOM
  • Market Overview
  • UK Aquaculture Market: Percentage Breakdown of Production Volume by Region (2019)
  • Atlantic Salmon: A Promising Segment Market
  • Leading Farmed Atlantic Salmon Companies in the UK: Percentage Breakdown of Harvest Volume for 2019
  • Market Analytics
SPAIN
  • Market Overview
  • Market Analytics
RUSSIA
  • Market Overview
  • Russian Aquaculture Market (2019): Percentage Breakdown of Production Volume by Fresh Water Aquaculture and Mariculture
  • Fresh Water Aquaculture Market in Russia: Percentage Breakdown of Production Volume by Species for 2019
  • Salmon Market: A Promising Segment for Aquaculture Industry in Russia
  • Market Analytics
REST OF EUROPE
  • Norwegian Aquaculture Market: An Overview
  • Leading Farmed Atlantic Salmon Companies in Norway: Percentage Breakdown of Harvest Volume by Player for 2019
  • Market Analytics
ASIA-PACIFIC
  • Asian Countries Emerge as Sizable Producers and Exporters of Aquaculture
  • Overview of Select Regional Markets
  • Australia
  • With a Large Marine Territory, Australia Emerges as a Potential Laden Aquaculture Market
  • Fishery Market in Australia by Sector: Percentage Breakdown of Production Value by Aquaculture and Wild Catch Sectors for 2011-12 and 2016-17
  • Leading Salmon Producers in Australia: Percentage Breakdown of Production Volume for 2018
  • Australian Aquaculture Market Share Breakdown (%) by Competitor for 2019
  • Farmed Salmonids Dominate Aquaculture Production in the Country
  • Administration and Regulations
  • Bangladesh
  • India
  • Market Overview
  • Freshwater Aquaculture
  • Brackish Water Aquaculture
  • Indonesia
  • New Zealand
  • Premium Aquaculture and Precision Seafood Harvest to Improve Quality of Seafood
  • Growing Demand for Quality, Premium Products
  • Leading Brands of King Salmon in New Zealand: Percentage Breakdown of Sales by Brand for 2019
  • Vietnam
  • Fisheries and Aquaculture Market in Vietnam: Percentage Breakdown of Production Volume by Species
  • Market Analytics
REST OF WORLD
  • Middle East
  • Aquaculture as a Realistic Solution to Achieving Food Security Drives Strong Market Growth
  • Aquaculture Market in Saudi Arabia: Set for Robust Growth
  • Fish Production in Saudi Arabia: Percentage Breakdown of Production Volume by Type for 2018 and 2022
  • UAE: A Nascent, Yet High Growth Market in the GCC Region
  • Iran
  • Aquaculture Grows in Prominence for Iran’s Agroeconomy
  • Focus on Development of Sustainable Mariculture
  • Africa: Unexploited Nature of Aquaculture Industry Offers Growth Potential
  • Egypt and Nigeria Lead Aquaculture Production in Africa
  • Aquaculture Production in South Africa
  • Latin America
  • Market Overview
  • Availability of Large Fresh Water Resources and a Vast Coastline Favor Market Prospects in Brazil
  • Competition
  • Leading Farmed Salmon Companies in Chile: Percentage Breakdown of Harvest Volume by Company for 2019
  • Market Analytics
IV. COMPETITION
  • Total Companies Profiled: 146
Note: Product cover images may vary from those shown
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