Aquaculture Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[188+ Pages Report] According to the report published by Facts Factors, the global aquaculture market size was worth around USD 32.2 billion in 2019 and is predicted to grow to around USD 52.4 billion by 2026 with a compound annual growth rate (CAGR) of roughly 7.2% between 2020 and 2026. The report analyzes the global aquaculture market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the aquaculture market.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the aquaculture industry. The report analyzes and declares the historical and current trends analysis of the aquaculture industry and subsequently recommends the projected trends anticipated to be observed in the aquaculture market during the upcoming years.

The aquaculture market report analyzes and notifies the industry statistics at the global as well as regional and country levels to acquire a thorough perspective of the entire aquaculture market. The historical and past insights are provided for FY 2016 to FY 2020 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volumes (Units) and value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• According to the CXOs working in the aquaculture industry, the market is predicted to witness a substantial growth of above 7.2% during 2020-2026 attributed to the increasing consumption of seafood for health benefits.
• Due to the availability of seafood and increasing demand in the growing urbanization, the market is expected to develop over USD 52.4 billion by 2026. In 2019, the market accounted for USD 32.2 billion.
• By product type analysis, the salmon segment headed the market in 2019 and it is expected to grow over the forecast period attributed to the high availability of salmons and their nutritional value for health.
• By culture environment analysis, freshwater led the market in 2019 and it is expected to increase during the forthcoming years.
• By geography, Asia Pacific is experiencing massive demand for aquaculture owing to a significantly increasing demand for fish food, and suitable climatic conditions in countries like China, Russia, etc.

Key Recommendations from Analysts

• Our analysts recommend that North America is expected to boost the demand for aquaculture owing to the rising government initiatives in fish farming.
• The European region is expected to have the fastest growth in the market owing to the increasing requirement for seafood from a growing population.
• The Middle East & Africa is projected to demonstrate considerable growth over the forecast period owing to growing aquacultural activities in these regions.
• The carp, trout, and mollusks segment is expected to witness the fastest growth due to the increasing cultivation of fish farming.
• Economic growth and increasing R&D activities are anticipated to produce attractive opportunities in the market.

Market Attractiveness By Culture Environment Analysis

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the aquaculture industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the aquaculture industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the aquaculture market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the aquaculture industry. The aquaculture market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market positions in the aquaculture sector. Key strategic developments in the aquaculture market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the aquaculture market are appropriately highlighted in the report.

Aquaculture is also known as aquafarming farming. Aquaculture includes the farming of aquatic organisms such as crustaceans, mollusks, aquatic plants, fish, algae, and other organisms. Aquaculture help to enhance the production of aquatic organism, it includes types of farming such as oyster farming, shrimp farming, fish farming, cultivation of ornamental fish, algaculture which is also known as seaweed farming, mariculture, etc. Aquaculture is the main source of food in seafood restaurants which serves seafood such as prawns, clams, salmon, tilapia, etc.

The availability of seafood and increasing demand in the growing urbanization is driving the aquaculture market growth. Moreover, increasing consumption of seafood for health benefits is anticipated to fuel the market growth. However, changes in climate conditions such as a rise in temperature rise, changes in monsoon patterns, may produce restraints for the aquaculture market. Nonetheless, increasing R&D activities, and rising investment in aquacultural production may create lucrative opportunities in the market.

The aquaculture market research report delivers an acute valuation and taxonomy of the aquaculture industry by practically splitting the market based on different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the Aquaculture industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Aquaculture industry is provided for the leading economies of the world.

The aquaculture market is segmented based on product type and culture environment, and channel. Based on type segmentation, the market is classified into carp, crustaceans, mackerel, Mollusca, salmon, trout, and others. In terms of culture environment segmentation, the market is bifurcated into freshwater, marine water, and brackish water. And based on channel, the market is divided into direct sales and distributors.

Some of the essential players operating in the aquaculture market, but not restricted to include

•  Nippon Suisan Kaisha Ltd
•  MOWI ASA
•  SalMar ASA
•  Cooke Aquaculture Inc.
•  Austevoll Seafood ASA
•  Norway Royal Salmon ASA
•  Campania Pesquera
•  Tassal Group Ltd
•  Multiexport Foods SA
•  Dainichi Corporation
•  Camanchaca SA
•  P/F Bakkafrost
•  Nireus SA
•  Stoly Sea Farm SA
•  Tongwei Group Co. Ltd.
•  Kyokuyo Co. Ltd.
•  Surapon Foods Public Company Limited
•  Thai Union Group PCL
•  Maruha Nichiro Corporation

The taxonomy of the aquaculture industry by its scope and segmentation is as follows:

By Product Types Segmentation Analysis

• Carps
• Crustaceans
• Mackerel
• Mollusca
• Salmon
• Trout
• Others

Culture Environment Segmentation Analysis

• Fresh Water
• Marine Water
• Brackish Water

By Channel Segmentation Analysis

• Direct Sales
• Distributor

Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa