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Aquaculture - Global Market Trajectory & Analytics

  • ID: 560601
  • Report
  • May 2021
  • Region: Global
  • 455 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • American Abalone Farms
  • Cermaq ASA
  • Grieg Seafood ASA
  • Multiexport Foods
  • SalMar ASA
  • Tassal Group Ltd.
  • MORE

Global Aquaculture Market to Reach $245.2 Billion by 2027


Amid the COVID-19 crisis, the global market for Aquaculture estimated at US$180.9 Billion in the year 2020, is projected to reach a revised size of US$245.2 Billion by 2027, growing at a CAGR of 4.4% over the analysis period 2020-2027. Fresh Water, one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach US$158.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Marine Water segment is readjusted to a revised 4.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.7 Billion, While China is Forecast to Grow at 4.9% CAGR


The Aquaculture market in the U.S. is estimated at US$2.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$177.3 Billion by the year 2027 trailing a CAGR of 4.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.

Brackish Water Segment to Record 3.4% CAGR


In the global Brackish Water segment, USA, Canada, Japan, China and Europe will drive the 3.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$21.9 Billion in the year 2020 will reach a projected size of US$27.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$24.4 Billion by the year 2027.

Select Competitors (Total 150 Featured) -

  • American Abalone Farms
  • Austevoll Seafood ASA
  • Lerøy Seafood Group ASA
  • Bakkafrost
  • Blue Ridge Aquaculture, Inc.
  • Camanchaca
  • Cermaq ASA
  • Cooke Aquaculture
  • Dainichi Corporation
  • Empresas AquaChile S.A.
  • Grieg Seafood ASA
  • Huon Aquaculture Group Limited
  • Mowi ASA
  • Mowi Canada
  • Maruha Nichiro Corporation
  • Multiexport Foods
  • Nireus S.A.
  • Nippon Suisan Kaisha Ltd.
  • Norway Royal Salmon ASA
  • SalMar ASA
  • Sea Watch International Ltd.
  • Selonda Aquaculture S.A.
  • Stolt Sea Farm
  • Stehr Group
  • Tassal Group Ltd.
  • Taylor Shellfish, Inc.
  • The Nueva Pescanova Group
  • Unima Group
  • Zhanjiang Guolian Aquatic Products Co., Ltd.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • American Abalone Farms
  • Cermaq ASA
  • Grieg Seafood ASA
  • Multiexport Foods
  • SalMar ASA
  • Tassal Group Ltd.
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Aquaculture: The Blue Revolution for Meeting Growing Seafood Needs of the Masses
  • Exhibit 1: 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
  • Exhibit 2: 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
  • Exhibit 3: Global Per Capita Fish Consumption (in Kg per Capita) by Region for 2019
  • Exhibit 4: Global Per Capita Fish Consumption (in Kg/Person/Year) by Region/Country for 2015-17 and 2027
  • Global Aquaculture Production Trends: An Overview
  • Exhibit 5: Global Aquaculture Production (in Mt) for the Years 2011 through 2027
  • Exhibit 6: 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
  • Exhibit 7: Global Aquaculture Production: Percentage Breakdown of Production Volume by Geographic Region for 1997, 2017 and 2027
  • Carp Dominates Freshwater Aquaculture Production, followed by Molluscs
  • Exhibit 8: 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
  • Exhibit 9: Salmon Market Leading Players Ranked by Harvest (GWT) for 2019
  • Exhibit 10: 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
  • Exhibit 11: 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
  • Exhibit 12: 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
  • Exhibit 13: Global Salmonids Supply: Production Volume in Thousand Tonnes GWT for Wild Salmonids and Farmed Salmonids for the Years 2012 through 2018
  • Exhibit 14: Global Atlantic Salmon Market: Breakdown of Harvest Volume (in Thousand Tonnes GWT) by Region/Country for 2012 & 2018
  • Exhibit 15: Global Consumption of Farmed Atlantic Salmon: Percentage Breakdown of Consumption Volume by Region/Country for 2019
  • Exhibit 16: 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
  • Exhibit 17: World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Exhibit 18: 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

UNITED STATES
  • Rising Demand for Health Foods from Aquaculture Drive Market Growth
  • Farmed Catfish Dominates Aquaculture Production and Revenues in the US
  • Exhibit 19: 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
  • Exhibit 20: 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
  • Exhibit 21: Farmed Atlantic Salmon Market in North America: Breakdown of Harvest Volume (in %) by Company for 2019
CANADA
  • Market Overview
  • Exhibit 22: Canadian Aquaculture Market: Breakdown of Production Volume in Tonnes by Type (2018)
  • British Columbia: A Major Fish Farming Region in Canada
JAPAN
  • Market Overview
  • Exhibit 23: Japan Fisheries and Aquaculture Market by Type (2017 and 2018): Breakdown of Production Volume in Thousand Tonnes for Aquaculture and Fishery Segments
CHINA
  • China: Largest Producer, Exporter, and Consumer of Aquaculture Worldwide
  • Exhibit 24: Seafood Production in China: Production Volume (in Million Tons) for Cultured Seafood and Wild Caught Seafood for 2014-2019
  • Exhibit 25: 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
EUROPE
  • Potential to Reduce Dependence on Traditional Fishing Sustains Market Growth
  • Exhibit 26: EU Fisheries and Aquaculture Production (2019): Percentage Breakdown of Production Volume by Aquaculture and Wild Catch
  • Exhibit 27: 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
FRANCE

GERMANY
  • Market Overview
ITALY

UNITED KINGDOM
  • Market Overview
  • Exhibit 28: UK Aquaculture Market: Percentage Breakdown of Production Volume by Region (2019)
  • Atlantic Salmon: A Promising Segment Market
  • Exhibit 29: Leading Farmed Atlantic Salmon Companies in the UK: Percentage Breakdown of Harvest Volume for 2019
SPAIN
  • Market Overview
RUSSIA
  • Market Overview
  • Exhibit 30: Russian Aquaculture Market (2019): Percentage Breakdown of Production Volume by Fresh Water Aquaculture and Mariculture
  • Exhibit 31: 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
REST OF EUROPE
  • Norwegian Aquaculture Market: An Overview
  • Exhibit 32: Leading Farmed Atlantic Salmon Companies in Norway: Percentage Breakdown of Harvest Volume by Player for 2019
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
  • Exhibit 33: Fishery Market in Australia by Sector: Percentage Breakdown of Production Value by Aquaculture and Wild Catch Sectors for 2011-12 and 2016-17
  • Exhibit 34: Leading Salmon Producers in Australia: Percentage Breakdown of Production Volume for 2018
  • Exhibit 35: 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
  • Exhibit 36: Leading Brands of King Salmon in New Zealand: Percentage Breakdown of Sales by Brand for 2019
  • Vietnam
  • Exhibit 37: Fisheries and Aquaculture Market in Vietnam: Percentage Breakdown of Production Volume by Species
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
  • Exhibit 38: 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
  • Exhibit 39: Leading Farmed Salmon Companies in Chile: Percentage Breakdown of Harvest Volume by Company for 2019
IV. COMPETITION
  • Total Companies Profiled: 150
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • American Abalone Farms
  • Austevoll Seafood ASA
  • Lerøy Seafood Group ASA
  • Bakkafrost
  • Blue Ridge Aquaculture, Inc.
  • Camanchaca
  • Cermaq ASA
  • Cooke Aquaculture
  • Dainichi Corporation
  • Empresas AquaChile S.A.
  • Grieg Seafood ASA
  • Huon Aquaculture Group Limited
  • Mowi ASA
  • Mowi Canada
  • Maruha Nichiro Corporation
  • Multiexport Foods
  • Nireus S.A.
  • Nippon Suisan Kaisha Ltd.
  • Norway Royal Salmon ASA
  • SalMar ASA
  • Sea Watch International Ltd.
  • Selonda Aquaculture S.A.
  • Stolt Sea Farm
  • Stehr Group
  • Tassal Group Ltd.
  • Taylor Shellfish, Inc.
  • The Nueva Pescanova Group
  • Unima Group
  • Zhanjiang Guolian Aquatic Products Co., Ltd.
Note: Product cover images may vary from those shown
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