The global aquaculture market size is expected to grow to USD 274.8 billion, at a CAGR value of 2.4% in the coming years. The global aquaculture market report does a detailed study of the various factors influencing the market growth.
Aquaculture commonly known as aqua farming is the process of farming of fishes, crustaceans, and other similar organisms under controlled environmental conditions. Major driving factor of seafood industry is growing population, which has caused exploitation of the natural resources. Increased consumptions and usage of fishes has created a threat of extinction of some fishes. Owing to this aquaculture came into existence and garnering popularity among all.
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The aquaculture market size is growing owing to various restrictions being implemented by government authorities. Aquaculture helps in ensuring that a healthier marine habitats is habituated in extremely controlled environment. Here the quality of water is also monitored and maintained, this helps in enhancing the biological productivity.
The competitive landscape of global aquaculture market value is highly fragmented owing to the presence of several local manufacturers. Companies including Norway Royal Salmon, Coast Seafood, Seaborn, Charoen Pokphand Foods, Aquabounty Technologies, Austevoll Seafood and Grieg Seafood among others are some of the large-scale players with a global presence.
Aquaculture industry trends indicate growth owing to the technological advancements and the presence of Internet of things (IOT) that helps in monitoring of the water quality. Through the use of smart sensors the water is monitored and controlled for maintaining the optimum conditions. Another factor influencing the market growth is growing demand of expensive species like prawns, shrimps and oysters. The growing demand is due to increased number of people willing to spend money on food delicacies and trying for new food cuisines. This increased demand has led to danger of scarcity of these species and hence the increased need for ensuring they do not become extinct.
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The aquaculture market report discusses the various process involved in the same. The various steps of value chain like Eggs, Parr, Smolt, Harvest, Processing and Distribution are discussed in detail. Total study and understanding about the aquaculture process is discussed in the report. Fishes are gaining popularity as a nutrient food supplement as it is rich and filled with it. The market is also growing as the health conscious people have started opting for seafood as a healthy option.
Global aquaculture market size is segmented on the basis of Water source, Fish species, consumption and region. Segmentation on the source of water is done as Fresh water, Brackish Water and Marine water. Segmentation on the basis of fish species is done as Fin fish and Shell fish. Based on consumption the market is segmented as Food Use and Non-food use. Geographically the market is segmented as North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Asia-Pacific contributes maximum to the market share and is expected to keep growing. This is due to the increased population and growing consumption of seafood among people, especially in countries of China and India.
The global aquaculture market report gives a detailed study of all the factors influencing the market size and trends related to the industry. Key players of the market along with their share and contributions have also been discussed in the report in detail.
By Water Source, 2015 – 2025 (Revenue) (Volume)
- Fresh Water
- Brackish Water
- Marine water
By Fish Type, 2015 – 2025 (Revenue) (Volume)
- Fin Fish
- Shell Fish
By Consumption, 2015 – 2025 (Revenue) (Volume)
- Food Use
- Non Food Use
By Regional, 2015 – 2025 (Revenue) (Volume)
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- Greece
- Ireland
- Italy
- Norway
- Turkey
- Russia
- Spain
- United Kingdom (UK)
- Rest of Europe
- Asia Pacific
- Bangladesh
- China
- India
- Indonesia
- Philippines
- South Korea
- Rest of APAC
- Middle East & Africa
- Iran
- Nigeria
- Egypt
- Uganda
- Ghana
- Rest of the MEA
- Latin America
- Mexico
- Brazil
- Chile
- Ecuador
- Peru
- Rest of Latin America
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