According to SPER Market Research, the Global Aquaculture Market is estimated to reach USD 407.80 billion by 2030 with a CAGR of 4.8%.
Carps, mollusks, crustaceans, mackerel, sea bream, and other fish species are the most common fish species raised for food. One of the species of oily freshwater fish used in aquaculture is carp. In Europe and Asia, carps are regarded as a major aquaculture species. Due to their quick development and great tolerance, they are employed commercially. Marine water, fresh water, and brackish water are some of the diverse habitats that employ a variety of reusable items like machinery, chemicals, medications, and fertilisers. Aquatic animals and aquatic plants make up the species listed, and they are sold through a variety of channels, including traditional retail, supermarkets and hypermarkets, specialty shops, internet retailers, and others.
The market for aquaculture is anticipated to develop in the future due to the rising demand for seafood. Seafood is any aquatic species that can be eaten, including those from the ocean and freshwater, including lobsters, mussels, crabs, and occasionally other sea life. The increased popularity of aquaculture in the overall fish supply is a result of the rising demand for seafood.
In the upcoming years, the aquaculture market's expansion is anticipated to be constrained by stringent government regulations on the capturing of aquatic creatures as a result of overfishing's negative effects on the ecosystem of marine habitats. Additionally, fish may ingest harmful substances, particularly mercury, released into waterways by industry; if human eats such a fish, it affects the person's neurological system. The consumption of fish may be significantly impacted by this aspect, which is expected to restrain market growth.
Farmers are using intensive techniques to boost the productivity of a number of commercial species, including trout, salmon, and carps. In the upcoming years, the aquaculture market is anticipated to benefit greatly from this feature in terms of growth potential. The management of feed and preservation of the nutritional balance in aquatic animals will be significantly aided by these intensification approaches, which won't have a negative impact on the environment.
Impact of COVID-19 on the Global Aquaculture Market:
Despite the implementation of numerous containment efforts, the COVID-19 worldwide pandemic remained throughout the majority of the planet in 2020. With the notable exception of China, the major economies of the globe saw their caseloads soar as the year went on, slowing growth and causing several delays in the anticipated reopening of enterprises. This has simply increased the already high level of market uncertainty for the fish industry globally and increased the operational difficulties brought on by the limitations, driving down prices and revenues. To take advantage of their shifting circumstances, firms are concentrating their efforts on creating new goods, marketing strategies, and sales channels, which is pushing innovation throughout the supply chain at the same time.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2019-2030 |
| Base year considered | 2021 |
| Forecast period | 2022-2030 |
| Segments covered | By Species, By Environment, By Fish Type, By Rearing Product, By Distribution, By Region
|
| Geographies covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | Aquaculture Equipment Ltd., Bakkafrost, FREA Solutions, Grupo Farallon Aquaculture, Leroy Seafood, Luxsol, Mowi ASA, Multiexport Foods SA, Nireus Aquaculture S.A, Norway Royal Salmon ASA, SalMar ASA, Salmon ASA, Surapon Foods Public Company Limited, Selonda Aquaculture S.A. |
Global Aquaculture Market, By Species:
Based on the Species, Global Aquaculture Market is segmented as; Aquatic Plants, Aquatic Animals.
Global Aquaculture Market, By Environment:
Based on the Environment, Global Aquaculture Market is segmented as; Fresh Water, Brackish Water, Marine Water.
Global Aquaculture Market, By Fish Type:
Based on the Fish Type, Global Aquaculture Market is segmented as; Sea Bream, Mackerel, Carps, Mollusks, Crustacens, Others.
Global Aquaculture Market, By Rearing Product:
Based on the Rearing Product, Global Aquaculture Market is segmented as; Chemicals, Equipment’s, Fertilizers, Pharmaceuticals.
Global Aquaculture Market, By Distribution:
Based on the Distribution, Global Aquaculture Market is segmented as; Supermarkets and Hypermarkets, Traditional Retail, Specialized Retailers, Online Stores, Others.
Global Aquaculture Market, By Region:
The Global Aquaculture Market is majorly driven by Asia Pacific. During the projected period, Asia Pacific is anticipated to have the quickest rate of growth in the worldwide Global Aquaculture Market. Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa are the regions included in the worldwide Global Aquaculture Market study.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Aquaculture Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Global Aquaculture Market, By Species, 2019-2030 (USD Million)
6.1. Aquatic Plants
6.2. Aquatic Animals
7. Global Aquaculture Market, By Environment, 2019-2030 (USD Million)
7.1. Fresh Water
7.2. Brackish Water
7.3. Marine Water
8. Global Aquaculture Market, By Fish Type, 2019-2030 (USD Million)
8.1. Sea Bream
8.2. Mackerel
8.3. Carps
8.4. Mollusks
8.5. Crustacens
8.6. Others
9. Global Aquaculture Market, By Rearing Product 2019-2030 (USD Million)
9.1. Chemicals
9.2. Equipment
9.3. Fertilizers
9.4. Pharmaceuticals
10. Global Aquaculture Market, By Distribution, 2019-2030 (USD Million)
10.1. Supermarkets and Hypermarkets
10.2. Traditional Retail
10.3. Specialized Retailers
10.4. Online Stores
10.5. Others
11. Global Aquaculture Market, By Region, 2019-2030 (USD Million)
11.1. North America
11.1.1. United States
11.1.2. Canada
11.1.3. Mexico
11.2. Europe
11.2.1. Germany
11.2.2. United Kingdom
11.2.3. France
11.2.4. Italy
11.2.5. Spain
11.2.6. Rest of Europe
11.3. Asia-Pacific
11.3.1. China
11.3.2. Japan
11.3.3. India
11.3.4. Australia
11.3.5. South Korea
11.3.6. Rest of Asia-Pacific
11.4. South America
11.4.1. Brazil
11.4.2. Argentina
11.4.3. Rest of South America
11.5. Middle East & Africa
11.5.1. Kingdom of Saudi Arabia
11.5.2. United Arab Emirates
11.5.3. Rest of Middle East & Africa
12. Company Profiles
12.1. Aquaculture Equipment Ltd.
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Bakkafrost
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. FREA Solutions
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Grupo Farallon Aquaculture
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Leroy Seafood
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent development
12.6. LuxsoL
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Mowi ASA
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Multiexport Foods SA
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Nireus Aquaculture S.A.
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Norway Royal Salmon ASA
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. SalMar ASA
12.11.1. Company details
12.11.2. Financial outlook
12.11.3. Product summary
12.11.4. Recent developments
12.12. Salmon ASA
12.12.1. Company details
12.12.2. Financial outlook
12.12.3. Product summary
12.12.4. Recent developments
12.13. Surapon Foods Public Company Limited
12.13.1. Company details
12.13.2. Financial outlook
12.13.3. Product summary
12.13.4. Recent developments
12.14. Selonda Aquaculture S.A.
12.14.1. Company details
12.14.2. Financial outlook
12.14.3. Product summary
12.14.4. Recent developments
12.15. Thai Union Group PCL
12.15.1. Company details
12.15.2. Financial outlook
12.15.3. Product summary
12.15.4. Recent development