Aquaculture Market, by Environment (Brackish Water, Marine Water, Fresh Water), Fish type (Crustaceans, Carps, Mackerel, Mollusks, Milkfish, Salmon, Sea Bream, Sea Bass, Trout, Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027

According to a new study conducted by Research Dive, the global aquaculture market forecast will surpass $310,291.7 million by 2027, at a CAGR of 3.9%, increasing from $274,671.2 million in 2019. The global market is dominated by Asia-Pacific region and it accounted for $177,520.0 million in 2019. Europe market will experience a notable growth and is estimated to generate a revenue of $30,501.7 million till 2027.

COVID-19 impact on Global Aquaculture Market:

Pre COVID-19, the global aquaculture market was estimated to produce $373,560.7 million by the end of 2027, at a 4.0% CAGR during the forecast years. This growth is due to rising fish production to meet consumer demand. However, the novel coronavirus has had a negative impact on the global aquaculture market growth in 2020 and is expected to generate a revenue of $310,291.7 million by 2027, at a rate of 3.9% CAGR. Aqua products sales and consumption majorly depend on international trade and supply chains. These supply chains are limited by the pandemic of COVID-19 due to closures and restrictions of global industry, whereas aqua products supply chains were negatively affected by the closing of the several food services sectors.

During this emergency period, leading market players are following several strategies such as collaboration and acquisitions to increase their market share in the overall market. In recent times, Mowi collaborated with Tidal to develop the most efficient under water sensing technologies to monitor real time growth of salmon in their aqua farms. This aspect is predicted to propel the market growth during the pandemic time.

Aquaculture Market Analysis:

Aquaculture is also called as aqua-farming and it denotes that rearing, breeding and harvesting of aquatic creatures including plants, algae and animals in a managed, controlled and semi-controlled environments for various commercial, recreational and public purpose. In addition, the farming of aquatic organisms could take place in many types of water environments and conditions including rivers, seas, lakes, oceans and man-made aquatic farms.

Increasing fish consumption and rising inland aqua farms are the major driving factors for the growth of the global aquaculture market

Aquaculture Market Drivers: Increasing fish consumption globally due to rising awareness about benefits of fish consumption is significantly driving the growth of the market in the forecast time. Fish contains important nutrients and vitamins and is a high source of omega-3 fatty acids; these constituents have several health advantages such as minimizing heart strokes, preventing depression, preventing asthma in children, improving brain health and others. These factors are estimated to drive the demand for aquatic animal products, which will fuel the market growth in the expected time. In addition, continuous decline in demand for livestock is having considerable impact on the aqua farming due to aquatic animals containing low amount of fats, this aspect will impel the market growth in the forecast years.

To know more about aquaculture market drivers, get in touch with our analysts here.

https://www.researchdive.com/connect-to-analyst/347

Government regulations on fish catching is a major restraint for the growth of the aquaculture market

The strict government regulation on trapping of aquatic animals due to over fishing impacting the ecosystem of marine environments is predicted to be a restraint for the aquaculture market growth in the forecast years. Also, fish may consume dangerous chemicals, especially mercury, discharged in water bodies by industries; if a person consumes such a fish it affects the nervous system of the person. This factor may have considerable impact on fish consumption, which is predicted to limit the market growth.

Technical advancements in the aquatic animals farming is a significant opportunity for the global aquaculture market growth

Farmers are continuously increasing productivity of several commercial species such as trout, salmon and carps through intensification techniques to increase the productivity. This factor is expected to create huge growth opportunities in the aquaculture market in the coming years. These intensification techniques will play a significant role in aquatic animals monitoring, feed management and maintenance of nutritional balance in aquatic animals without harming the environment.

To know more about aquaculture market opportunities, get in touch with our analysts here.

https://www.researchdive.com/connect-to-analyst/347

Fresh water environment segment is predicted to be most lucrative till the end of 2027

Source: Research Dive Analysis

Fresh water aquaculture market held a dominant revenue share in the overall marketplace; the size was about 64.7% in 2019 and is projected to continue its dominance in the overall industry, increasing at a faster rate of 4.1% CAGR throughout the prediction time. Constantly evolving technical advancements in the fresh water environment aquaculture through automation processes for nutritional balance of aquatic products is estimated to boost the market growth in the analysis time. Marine water environment produced the second highest market size in the previous years and is anticipated to account for $53,254.0 million in 2027. Marine water aquaculture offers several advantages such as low carbon footprint, less utilization of fresh water for production and many other advantages. These factors will drive the demand for marine water environment, which will accelerate the market growth in the coming time.

Carps fish type segment accounted for the highest market size in 2019

Source: Research Dive Analysis

The aquaculture market for carps segment accounted for a significant market size in 2019; it valued over $67,683.8 million and is anticipated to produce a revenue about $78,681.4 million by the end of 2027. This dominance is majorly attributed to high consumption of carp fishes across the globe. The mackerel fish type aquaculture market will witness a noticeable growth in the upcoming time and is projected to reach up to $7,172.3 million till 2027. This projected rise in the market is majorly because of rising consumption of mackerel fish due to health benefits.  

North America region will have vast growth opportunities for the market participants in the coming years

Asia-Pacific region accounted for the largest aquaculture market share in 2019, which was over 64.6% and is anticipated to continue its dominance over the global market in the coming decades. Existence of most advanced farming techniques opted by aquatic farmers and presence of highest consumption countries including China and India, will drive the demand for aqua products in the Asia-Pacific region. This factor is estimated to propel the growth of the market in the forecast time.

Europe accounted for third position in the global aquaculture market size in 2019; it was over $26,148.7 million and is projected to grow at a healthy CAGR of 4.3% during the forecast period. According to Food and Agriculture Organization of United Nations (FAO), about 150,000 tons of aqua animals are produced to meet consumer demand due to rising per capita consumption in Europe. This factor will propel the market growth in the prediction time.

To explore more about aquaculture market, get in touch with our analysts here.

https://www.researchdive.com/connect-to-analyst/347

Product launches and acquisitions are the frequent strategies followed by the market players

Source: Research Dive Analysis

The list of key aquaculture market players profiled include Mowi, Stolt-Nielsen, Leroy, SELONDA SA, TASSAL GROUP, Cargill, Incorporated, Thai Union Group PCL, Maruha Nichiro Corporation, NISSUI and P/F Bakkafrost. These market players are adopting several inorganic and organic growth tactics such as new product introduction and acquisitions to increase their market share in the global aquaculture industry.

Porter’s Five Forces Analysis for Aquaculture Market:

• Bargaining Power of Suppliers: This market has huge number of dealers and changing cost of fish products is predicted to be low. The bargaining power of dealers is LOW.
• Bargaining Power of Consumer: The market contains high number of buyers owing to moderate brand loyalty is resulting high negotiating power of buyer. The bargaining control of buyers is HIGH.
• Threat of New Participants: The market requires low investments and increasing consumption of aqua products across the globe delivering HIGH threat of new participants in the industry.
• Threat of Substitutes: The aquaculture market has high number replacement products is resulting low brand loyalty of the products, therefore LOW threat of substitutes.
• Competition Among Rivals: The presence of significant players in this market and switching cost of the products is expected to be low. This factor is ensuing in HIGH rivalry among the market players.

1.    Research Methodology

1.1.    Desk Research
1.2.    Real time insights and validation
1.3.    Forecast model
1.4.    Assumptions and forecast parameters

1.4.1.    Assumptions
1.4.2.    Forecast parameters

1.5.    Data sources

1.5.1.    Primary
1.5.2.    Secondary

2.    Executive Summary

2.1.    360° summary
2.2.    Environment trends
2.3.    Fish type trends

3.    Market Overview

3.1.    Market segmentation & definitions
3.2.    Key takeaways

3.2.1.    Top investment pockets
3.2.2.    Top winning strategies

3.3.    Porter’s five forces analysis

3.3.1.    Bargaining power of consumers
3.3.2.    Bargaining power of suppliers
3.3.3.    Threat of new entrants
3.3.4.    Threat of substitutes
3.3.5.    Competitive rivalry in the market

3.4.    Market dynamics

3.4.1.    Drivers
3.4.2.    Restraints
3.4.3.    Opportunities

3.5.    Technology landscape
3.6.    Regulatory landscape
3.7.    Patent landscape
3.8.    Pricing overview

3.8.1.    By Environment
3.8.2.    By Fish type
3.8.3.    By region

3.9.    Market value chain analysis

3.9.1.    Stress point analysis
3.9.2.    Raw material analysis
3.9.3.    Manufacturing process
3.9.4.    Distribution channel analysis
3.9.5.    Operating vendors

3.9.5.1.    Raw material suppliers
3.9.5.2.    Product manufacturers
3.9.5.3.    Product distributors

3.10.    Strategic overview

4.    Aquaculture Market, by Environment 

4.1.    Fresh water

4.1.1.    Market size and forecast, by region, 2019-2027
4.1.2.    Comparative market share analysis, 2019 & 2027

4.2.    Marine water

4.2.1.    Market size and forecast, by region, 2019-2027
4.2.2.    Comparative market share analysis, 2019 & 2027

4.3.    Brackish water

4.3.1.    Market size and forecast, by region, 2019-2027
4.3.2.    Comparative market share analysis, 2019 & 2027

5.    Aquaculture Market, by Fish type 

5.1.    Carps 

5.1.1.    Market size and forecast, by region, 2019-2027
5.1.2.    Comparative market share analysis, 2019 & 2027

5.2.    Crustaceans

5.2.1.    Market size and forecast, by region, 2019-2027
5.2.2.    Comparative market share analysis, 2019 & 2027

5.3.    Mackerel

5.3.1.    Market size and forecast, by region, 2019-2027
5.3.2.    Comparative market share analysis, 2019 & 2027

5.4.    Milkfish

5.4.1.    Market size and forecast, by region, 2019-2027
5.4.2.    Comparative market share analysis, 2019 & 2027

5.5.    Mollusks

5.5.1.    Market size and forecast, by region, 2019-2027
5.5.2.    Comparative market share analysis, 2019 & 2027

5.6.    Salmon

5.6.1.    Market size and forecast, by region, 2019-2027
5.6.2.    Comparative market share analysis, 2019 & 2027

5.7.    Sea brass

5.7.1.    Market size and forecast, by region, 2019-2027
5.7.2.    Comparative market share analysis, 2019 & 2027

5.8.    Sea bream

5.8.1.    Market size and forecast, by region, 2019-2027
5.8.2.    Comparative market share analysis, 2019 & 2027

5.9.    Trout

5.9.1.    Market size and forecast, by region, 2019-2027
5.9.2.    Comparative market share analysis, 2019 & 2027

5.10.    Others

5.10.1.    Market size and forecast, by region, 2019-2027
5.10.2.    Comparative market share analysis, 2019 & 2027

6.    Aquaculture Market, by Region

6.1.    North America

6.1.1.    Market size and forecast, by environment, 2019-2027
6.1.2.    Market size and forecast, by fish type, 2019-2027
6.1.3.    Market size and forecast, by country, 2019-2027
6.1.4.    Comparative market share analysis, 2019 & 2027
6.1.5.    U.S.

6.1.5.1.    Market size and forecast, by environment, 2019-2027
6.1.5.2.    Market size and forecast, by fish type, 2019-2027
6.1.5.3.    Comparative market share analysis, 2019 & 2027

6.1.6.    Canada

6.1.6.1.    Market size and forecast, by environment, 2019-2027
6.1.6.2.    Market size and forecast, by fish type, 2019-2027
6.1.6.3.    Comparative market share analysis, 2019 & 2027

6.1.7.    Mexico

6.1.7.1.    Market size and forecast, by environment, 2019-2027
6.1.7.2.    Market size and forecast, by fish type, 2019-2027
6.1.7.3.    Comparative market share analysis, 2019 & 2027

6.2.    Europe

6.2.1.    Market size and forecast, by environment, 2019-2027
6.2.2.    Market size and forecast, by fish type, 2019-2027
6.2.3.    Market size and forecast, by country, 2019-2027
6.2.4.    Comparative market share analysis, 2019 & 2027
6.2.5.    Germany 

6.2.5.1.    Market size and forecast, by environment, 2019-2027
6.2.5.2.    Market size and forecast, by fish type, 2019-2027
6.2.5.3.    Comparative market share analysis, 2019 & 2027

6.2.6.    UK

6.2.6.1.    Market size and forecast, by environment, 2019-2027
6.2.6.2.    Market size and forecast, by fish type, 2019-2027
6.2.6.3.    Comparative market share analysis, 2019 & 2027

6.2.7.    France

6.2.7.1.    Market size and forecast, by environment, 2019-2027
6.2.7.2.    Market size and forecast, by fish type, 2019-2027
6.2.7.3.    Comparative market share analysis, 2019 & 2027

6.2.8.    Spain

6.2.8.1.    Market size and forecast, by environment, 2019-2027
6.2.8.2.    Market size and forecast, by fish type, 2019-2027
6.2.8.3.    Comparative market share analysis, 2019 & 2027

6.2.9.    Italy 

6.2.9.1.    Market size and forecast, by environment, 2019-2027
6.2.9.2.    Market size and forecast, by fish type, 2019-2027
6.2.9.3.    Comparative market share analysis, 2019 & 2027

6.2.10.    Rest of Europe

6.2.10.1.    Market size and forecast, by environment, 2019-2027
6.2.10.2.    Market size and forecast, by fish type, 2019-2027
6.2.10.3.    Comparative market share analysis, 2019 & 2027

6.3.    Asia Pacific

6.3.1.    Market size and forecast, by environment, 2019-2027
6.3.2.    Market size and forecast, by fish type, 2019-2027
6.3.3.    Market size and forecast, by country, 2019-2027
6.3.4.    Comparative market share analysis, 2019 & 2027
6.3.5.    China

6.3.5.1.    Market size and forecast, by environment, 2019-2027
6.3.5.2.    Market size and forecast, by fish type, 2019-2027
6.3.5.3.    Comparative market share analysis, 2019 & 2027

6.3.6.    India 

6.3.6.1.    Market size and forecast, by environment, 2019-2027
6.3.6.2.    Market size and forecast, by fish type, 2019-2027
6.3.6.3.    Comparative market share analysis, 2019 & 2027

6.3.7.    Japan  

6.3.7.1.    Market size and forecast, by environment, 2019-2027
6.3.7.2.    Market size and forecast, by fish type, 2019-2027
6.3.7.3.    Comparative market share analysis, 2019 & 2027

6.3.8.    Australia 

6.3.8.1.    Market size and forecast, by environment, 2019-2027
6.3.8.2.    Market size and forecast, by fish type, 2019-2027
6.3.8.3.    Comparative market share analysis, 2019 & 2027

6.3.9.    Rest of Asia Pacific

6.3.9.1.    Market size and forecast, by environment, 2019-2027
6.3.9.2.    Market size and forecast, by fish type, 2019-2027
6.3.9.3.    Comparative market share analysis, 2019 & 2027

6.4.    LAMEA

6.4.1.    Market size and forecast, by environment, 2019-2027
6.4.2.    Market size and forecast, by fish type, 2019-2027
6.4.3.    Market size and forecast, by country, 2019-2027
6.4.4.    Comparative market share analysis, 2019 & 2027
6.4.5.    Latin America  

6.4.5.1.    Market size and forecast, by environment, 2019-2027
6.4.5.2.    Market size and forecast, by fish type, 2019-2027
6.4.5.3.    Comparative market share analysis, 2019 & 2027

6.4.6.    Middle East 

6.4.6.1.    Market size and forecast, by environment, 2019-2027
6.4.6.2.    Market size and forecast, by fish type, 2019-2027
6.4.6.3.    Comparative market share analysis, 2019 & 2027

6.4.7.    Africa

6.4.7.1.    Market size and forecast, by environment, 2019-2027
6.4.7.2.    Market size and forecast, by fish type, 2019-2027
6.4.7.3.    Comparative market share analysis, 2019 & 2027

7.    Company Profiles

7.1.    Mowi

7.1.1.    Business overview
7.1.2.    Financial performance
7.1.3.    Product portfolio
7.1.4.    Recent strategic moves & developments
7.1.5.    SWOT analysis

7.2.    Stolt-Nielsen

7.2.1.    Business overview
7.2.2.    Financial performance
7.2.3.    Product portfolio
7.2.4.    Recent strategic moves & developments
7.2.5.    SWOT analysis

7.3.    Leroy 

7.3.1.    Business overview
7.3.2.    Financial performance
7.3.3.    Product portfolio
7.3.4.    Recent strategic moves & developments
7.3.5.    SWOT analysis

7.4.    SELONDA SA

7.4.1.    Business overview
7.4.2.    Financial performance
7.4.3.    Product portfolio
7.4.4.    Recent strategic moves & developments
7.4.5.    SWOT analysis

7.5.    TASSAL GROUP 

7.5.1.    Business overview
7.5.2.    Financial performance
7.5.3.    Product portfolio
7.5.4.    Recent strategic moves & developments
7.5.5.    SWOT analysis

7.6.    Cargill, Incorporated

7.6.1.    Business overview
7.6.2.    Financial performance
7.6.3.    Product portfolio
7.6.4.    Recent strategic moves & developments
7.6.5.    SWOT analysis

7.7.    Thai Union Group PCL

7.7.1.    Business overview
7.7.2.    Financial performance
7.7.3.    Product portfolio
7.7.4.    Recent strategic moves & developments
7.7.5.    SWOT analysis

7.8.    Maruha Nichiro Corporation

7.8.1.    Business overview
7.8.2.    Financial performance
7.8.3.    Product portfolio
7.8.4.    Recent strategic moves & developments
7.8.5.    SWOT analysis

7.9.    NISSUI

7.9.1.    Business overview
7.9.2.    Financial performance
7.9.3.    Product portfolio
7.9.4.    Recent strategic moves & developments
7.9.5.    SWOT analysis

7.10.    P/F Bakkafrost

7.10.1.    Business overview
7.10.2.    Financial performance
7.10.3.    Product portfolio
7.10.4.    Recent strategic moves & developments
7.10.5.    SWOT analysis
 

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