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Aquaculture - Market Analysis, Trends, and Forecasts

  • ID: 560601
  • Report
  • February 2020
  • Region: Global
  • 79 Pages
  • Global Industry Analysts, Inc
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Aquaculture market worldwide is projected to grow by US$55.7 Billion, driven by a compounded growth of 4.5%. Aquaculture, one of the segments analyzed and sized in this study, displays the potential to grow at over 4.5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$208.9 Billion by the year 2025, Aquaculture will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 5.4% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$2.9 Billion to the region's size and clout in the next 5 to 6 years. Over US$2.6 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Aquaculture will reach a market size of US$14.9 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 4.3% over the next couple of years and add approximately US$9.4 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,
  • American Abalone Farms
  • Lerøy Seafood Group ASA
  • Blue Ridge Aquaculture Inc.
  • Cermaq ASA
  • Cooke Aquaculture
  • Dainichi Corporation
  • Empresas AquaChile S.A.
  • Huon Aquaculture Group Limited
  • 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.
  • 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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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Aquaculture: The Blue Revolution for Meeting Growing Seafood Needs of the Masses

Aquaculture: Fast Facts

Recent Market Activity

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

Aquatic EcoSystems Set to Bridge the Gap between Demand and Supply

Supported by Aquaculture, Global Per Capita Fish Consumption Surges

Global Aquaculture Production on an Upward Trajectory

Major Species Produced in Aquaculture Producing Countries Worldwide

Aquaculture to Surpass Wild Fisheries Production

Carp Dominates Freshwater Aquaculture Production, followed by Molluscs

Countries with Long Aquaculture Traditions and Robust Practices

USA

China

Japan

India

Norway

Vietnam

Global Market Outlook

Developing Countries Continue to Turbocharge Current and Future Growth

Key Market Challenges in a Nutshell

Global Competitor Market Shares

Aquaculture Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

2. FOCUS ON SELECT PLAYERS

American Abalone Farms (USA)

Austevoll Seafood ASA (Norway)

Lerøy Seafood Group ASA (Norway)

Bakkafrost (Denmark)

Blue Ridge Aquaculture, Inc. (USA)

Camanchaca (Chile)

Cermaq ASA (Norway)

Cooke Aquaculture (Canada)

Dainichi Corporation (Japan)

Empresas AquaChile S.A. (Chile)

Grieg Seafood ASA (Norway)

Grieg Seafood ASA (Norway)

Marine Harvest ASA (Norway)

Marine Harvest Canada (Canada)

Maruha Nichiro Corporation (Japan)

Multiexport Foods (Chile)

Nireus S.A. (Greece)

Nippon Suisan Kaisha Ltd. (Japan)

Norway Royal Salmon ASA (Norway)

SalMar ASA (Norway)

Sea Watch International Ltd. (USA)

Selonda Aquaculture S.A. (Greece)

Stolt Sea Farm (Spain)

Stehr Group (Australia)

Tassal Group Ltd. (Australia)

Taylor Shellfish, Inc. (USA)

The Nueva Pescanova Group (Spain)

Unima Group (France)

Zhanjiang Guolian Aquatic Products Co., Ltd.(China)

Aquaculture Technology/Equipment Providers

AKVA Group (Norway)

AquaBounty Technologies, Inc. (USA)

Aquacare Environment, Inc. (USA)

Farmocean International A.B. (Sweden)

3. MARKET TRENDS & DRIVERS

Growing Preference for Nutritious, Low-Fat, and Protein-Rich Seafood Drives Healthy Market Growth

Myriad Benefits of Fish to Human Life

Brief Nutritional Data for Select Fish Species: A Snapshot

Skin Care from Seafood

Aquatic Animals: A Potential Source of Medicinal Properties

Seafood: A Primary Source of Omega-3 Fatty Acids

Key Nutritional Facts

Omega-3 Content in Major Seafood Products: List of Seafood with More than 1500 Milligrams of Omega-3, 1000-1500, 500-1000, 200-500,and Less than 200 Milligrams

Fish: An Important Source of Animal Protein

Growing Prominence of Farmed Salmon Benefits Market Expansion

Bridging Supply-Demand Gap

Major Salmon Species

Primary Markets for Salmon Worldwide

Farmed Salmon Production, Supply, and Consumption: Key Statistical Data

Significant Improvements in Distribution, Logistics, and Transportation Drive Market Penetration

Spiraling Popularity of Organic Aquaculture Lends Traction to Market Growth

Major Organic Species

Organic Seafood Market

Organic Food: Product Life Cycle

Distribution Channels

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

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

Externalities

Food Security

Quality

Tariffs

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Aquaculture Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 2: Aquaculture Global Retrospective Market Scenario in US$ Million by Region/Country: 2009-2017

TABLE 3: Aquaculture Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

Market Analytics

TABLE 4: United States Aquaculture Market Estimates and Projections in US$ Million: 2018 to 2025

TABLE 5: Aquaculture Market in the United States: A Historic Review in US$ Million for 2009-2017

CANADA

TABLE 6: Canadian Aquaculture Market Estimates and Forecasts in US$ Million: 2018 to 2025

TABLE 7: Canadian Aquaculture Historic Market Review in US$ Million: 2009-2017

JAPAN

TABLE 8: Japanese Market for Aquaculture: Annual Sales Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 9: Aquaculture Market in Japan: Historic Sales Analysis in US$ Million for the Period 2009-2017

CHINA

TABLE 10: Chinese Aquaculture Market Growth Prospects in US$ Million for the Period 2018-2025

TABLE 11: Aquaculture Historic Market Analysis in China in US$ Million: 2009-2017

EUROPE

Market Facts & Figures

Market Analytics

TABLE 12: European Aquaculture Market Demand Scenario in US$ Million by Region/Country: 2018-2025

TABLE 13: Aquaculture Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2009-2017

TABLE 14: European Aquaculture Market Share Shift by Region/Country: 2009 VS 2019 VS 2025

FRANCE

TABLE 15: Aquaculture Market in France: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 16: French Aquaculture Historic Market Scenario in US$ Million: 2009-2017

GERMANY

TABLE 17: Aquaculture Market in Germany: Recent Past, Current and Future Analysis in US$ Million for the Period 2018-2025

TABLE 18: German Aquaculture Historic Market Analysis in US$ Million: 2009-2017

ITALY

TABLE 19: Italian Aquaculture Market Growth Prospects in US$ Million for the Period 2018-2025

TABLE 20: Aquaculture Historic Market Analysis in Italy in US$ Million: 2009-2017

UNITED KINGDOM

TABLE 21: United Kingdom Market for Aquaculture: Annual Sales Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 22: Aquaculture Market in the United Kingdom: Historic Sales Analysis in US$ Million for the Period 2009-2017

REST OF EUROPE

TABLE 23: Rest of Europe Aquaculture Market Estimates and Forecasts in US$ Million: 2018-2025

TABLE 24: Aquaculture Market in Rest of Europe in US$ Million: A Historic Review for the Period 2009-2017

ASIA-PACIFIC

TABLE 25: Aquaculture Market in Asia-Pacific: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 26: Asia-Pacific Aquaculture Historic Market Scenario in US$ Million: 2009-2017

REST OF WORLD

TABLE 27: Rest of World Aquaculture Market Estimates and Forecasts in US$ Million: 2018 to 2025

TABLE 28: Rest of World Aquaculture Historic Market Review in US$ Million: 2009-2017

IV. COMPETITION

Total Companies Profiled: 154

Note: Product cover images may vary from those shown
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