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Global Aquaculture Market: By Environment: Marine water, Fresh water, Brackish water; By Fish Type: Carps, Mollusks, Crustaceans, Mackerel, Sea bream, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Aquaculture Market Outlook
The global aquaculture market is expected to grow at a CAGR of 4.5% during the period 2023-2028.
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Global Aquaculture Market Likely to be Driven by Growing Demand for Fish Protein and Aquatic Food
The global market for aquaculture is expected to be driven by the growing global population’s demand for fish protein and seafood. Other factors likely to contribute to market growth include shifts in dietary preferences and advancements in aquaculture technology. North America, Europe and Asia are expected to be key markets.
Aquaculture refers to the practice of breeding, rearing and harvesting of fish, algae, shellfish, and other creatures in water environments. With growing global population and resultant increase in demand for food (including seafood), efforts have been made to make technological advancements that enable production of food in coastal marine waters and open oceans. Aquaculture offers a way to produce food along with other marketable products, re-establish habitats, restore wild stocks, and rebuild populations of species under threat. Aquaculture is practiced across the globe in coastal ocean waters, freshwater ponds and rivers, and even in tanks on land. Aquaculture is seen as a means to filling the gap of seafood supply; responsible and sustainable fish farming is considered a viable solution to the problem of providing future generations healthy and environmentally friendly protein alternatives.
By type, aquaculture may be divided into two broad types - marine and freshwater. In the USA, marine aquaculture begets several species such as oysters, clams, mussels, shrimp, seaweeds, and fish like salmon, black sea bass, sablefish, yellowtail, and pompano. Catfish and trout are notable species produced through freshwater aquaculture in USA. Asia is a major aquaculture producer in the world. Further, aquaculture in Asia is significantly more diverse as compared to other regions with respect to production systems and cultivated species. Majority of countries known for diversity of aquaculture species are in Asia, China being a major player.
Approximately 580 aquatic species are farmed globally, with aquaculture being practiced by poor farmers in developing countries as well as multinational firms in developed nations. While eating fish is part of tradition and culture in several countries, it offers numerous health benefits. Fish are a significant source of protein, fatty acids, vitamins, minerals and essential micronutrients. Aquaculture also provides importance resources such as seaweed. A significantly large portion of aquaculture production comprises creatures falling low in the food chain, such as mollusks, herbivorous and omnivorous fish. According to analyst reports, aquaculture would be a major contributor to the growth of the fisheries sector in future. However, there is significant emphasis on managing the environmental aspects of the practice of aquaculture and ensuring that the practice develops while remaining sustainable.
Aquaculture Market Expected to Grow as the Practice Provides a Sustainable Source of Seafood with Low Gas Emissions
As compared to other farming alternatives, aquaculture is a sustainable practice. Seafood offers high protein retention as compared to chicken, pork and beef, and has the lowest feed conversion ratio among identical protein forms. Also, as against other farming practices, aquaculture shows lower greenhouse gas emissions. With growing global population, the demand for animal protein is expected to increase significantly. Emphasis on finding sustainable methods of providing healthy food to the world population is increasing, and under these circumstances, sustainable aquaculture emerges as a good solution. These factors are expected to contribute to market growth.
Global Aquaculture Market Segmentation
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By environment, the market is segmented into:
- Marine water
- Fresh water
- Brackish water
By fish type, the market is classified into:
- Carps
- Mollusks
- Crustaceans
- Mackerel
- Sea bream
- Others
By region, the market is divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Global Aquaculture Market
The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Alpha Group
- Aquaculture Technologies Asia Limited
- Cermaq Group AS
- Cooke Aquaculture
- Leroy Seafood Group ASA
- Marine Harvest ASA
- Nippon Suisan Kaisha, Ltd.
- P/F Bakkafrost
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Environment, Fish Type, Region |
| Breakup by Environment | Marine water, Fresh water, Brackish water |
| Breakup by Fish Type | Carps, Mollusks, Crustaceans, Mackerel, Sea bream, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Alpha Group, Aquaculture Technologies Asia Limited, Cermaq Group AS, Cooke Aquaculture, Leroy Seafood Group ASA, Marine Harvest ASA, Nippon Suisan Kaisha, Ltd., P/F Bakkafrost, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Aquaculture Market Analysis
8.1 Key Industry Highlights
8.2 Global Aquaculture Historical Market (2018-2022)
8.3 Global Aquaculture Market Forecast (2023-2028)
8.4 Global Aquaculture Market by Environment
8.4.1 Marine water
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Fresh water
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Brackish water
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Aquaculture Market by Fish Type
8.5.1 Carps
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Mollusks
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Crustaceans
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Mackerel
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Sea bream
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Aquaculture Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Aquaculture Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Aquaculture Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Aquaculture Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Aquaculture Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Aquaculture Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Alpha Group
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Aquaculture Technologies Asia Limited
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Cermaq Group AS
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Cooke Aquaculture
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Leroy Seafood Group ASA
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Marine Harvest ASA
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Nippon Suisan Kaisha, Ltd.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 P/F Bakkafrost
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Aquaculture Market: Key Industry Highlights, 2018 and 2028
2. Global Aquaculture Historical Market: Breakup by Environment (USD Million), 2018-2022
3. Global Aquaculture Market Forecast: Breakup by Environment (USD Million), 2023-2028
4. Global Aquaculture Historical Market: Breakup by Fish Type (USD Million), 2018-2022
5. Global Aquaculture Market Forecast: Breakup by Fish Type (USD Million), 2023-2028
6. Global Aquaculture Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Aquaculture Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Aquaculture Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Aquaculture Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Aquaculture Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Aquaculture Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Aquaculture Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Aquaculture Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Aquaculture Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Aquaculture Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Aquaculture Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Aquaculture Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Aquaculture Market Structure
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