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Aquaculture Market - Global Industry Analysis

Aquaculture Market (Carp, Molluscs, Crustaceans, Salmon, Trout, And Other Fish) By Culture (Marine Water, Fresh Water And Brackish Water): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends, And Forecast, 2020 – 2028

Published Date: 23-May-2021 Category: Food & Beverage Report Format : PDF Pages: 140 Report Code: ZMR-170 Status : Published

The global Aquaculture market accounted for USD 199.5 Billion in 2020 and is expected to reach USD 278.6 Billion by 2028, growing at a CAGR of around 4.2% between 2021 and 2028.

Description

Market Overview     

The global Aquaculture market accounted for USD 199.5 Billion in 2020 and is expected to reach USD 278.6 Billion by 2028, growing at a CAGR of around 4.2% between 2021 and 2028.

Aquaculture is an activity during which fish farming is completed in several cultures like freshwater, marine water, and brackish water. sort of fish species is grown during a standard condition in aquaculture. These harvested fishes are further utilized for various purposes like dietary supplements, the food industry, and lots of Brackish Water. The application of fish oils in numerous fields like healthcare, the food industry, dietary supplements, and pharmaceuticals is perhaps expected to heighten the need for the product within the aquaculture market in the upcoming years. The emerging inclinations in the aquaculture market like acceptance of rice-fish culture will probably open new opportunities for the key manufacturers of the worldwide aquaculture market within the future years.

There are three sorts of culture within aquaculture, namely, freshwater, marine culture, and brackish water. In 2015, the principal culture for the global aquaculture market was freshwater farming. It's said to be the preferably chosen option of fish farming. during this technique, concrete ponds are employed to cultivate a spread of fish species. the worldwide aquaculture market is predicted to extend at a robust CAGR in upcoming years.

Different players within the global aquaculture market are implementing various strategic moves like the introduction of varied novel projects that propel the aquaculture market. as an example, in April 2018, Chinese Jin Yu Tang Aquaculture (Cambodia) Co proclaimed that the firm is getting to invest about $100 Million in freshwater and seawater aquaculture projects. This investment is going to be wiped out Preah Sihanouk and Koh Kong provinces.  

COVID-19 Impact Analysis  

The impacts of COVID-19 on the fisheries and aquaculture food systems vary, and therefore the situation is rapidly evolving. Fish and fish products that are highly hooked into international trade suffered quite early within the development of the pandemic from the restrictions and closures of worldwide markets, whereas cannon fodder and shellfish supply chains were severely impacted by the closure of the foodservice sectors (e.g. hotels, restaurants and catering facilities, including school and work canteens). The processing sector also faced closures thanks to reduced/lost consumer demand. This has had a big impact, especially on women, who form the bulk of the workforce within the post-harvest sector.

Growth Factors

The aquaculture market has been witnessing growth in terms of rushing urbanization and growing the income of people which has led to a rise in the consumption of protein-rich meats. Being a reasonably new and unconventional method of fish breeding for consumption, its market acceptance is low. The demand for premium quality products has been increasing not only thanks to freshness, diversity of products and concern, and convenience for food safety but also thanks to social, ethical, and environmental credentials. Rice-fish culture has been considered because of the key growth opportunity of this market. This system is legally taken into account for rice and fish cultivations cumulatively since fish get a secure living environment in dense rice plants. In exchange, fish protect rice from insects and circulate oxygen around the farm.

Report Scope:  

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Culture Segment Analysis Preview  

The marine culture allows performing fish farming in salty water (such as seas and oceans). This segment is predicted to expand in upcoming years due to the increasing requirement for saltwater species amongst customers. Furthermore, brackish water farming may be a combination of fresh and saltwater. This segment of the worldwide aquaculture market is predicted to extend at a decent rate within the forecast period.

Product Segment Analysis Preview  

Carp is one of the leading product segments during this market. Carps are cultivated within the freshwater environment and are one among the majorly cultivated aquatic species during this market due to their compatibility with lesser ideal environmental conditions. Crustacean may be a high-value product thanks to high protein content. This has increased the demand for crustaceans to satisfy the need for nutritional seafood.

Regional Segment Analysis Preview  

In 2016, Asia Pacific ruled the aquaculture market. China was the principal country within the Asia Pacific that accounted for above 58% shares of the entire aquaculture market in 2016. The weather like plentiful natural resources, inexpensive labor rates, and favorable weather is alleged to generate the high demand for aquaculture in China within the forecast period.   

Key Market Players & Competitive Landscape

The report present comprehensive competitive outlook with company profiles of the key players operating in the global market. Key participants profiled in the report include Blue Ridge Aquaculture, Nireus Aquaculture S.A., Cooke Aquaculture Inc., Cermaq ASA, the Waterbase Limited, Tassal Group Ltd., Selonda Aquaculture S.A., Zeal Aqua, NSF Certification UK Ltd, and Carter & Sons Ltd.

The global Aquaculture Market is segmented as follows:

By Culture

  • Marine Water
  • Freshwater
  • Brackish Water

By Product

  • Carp
  • Molluscs
  • Crustaceans
  • Salmon
  • Trout
  • Other Fish

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • 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

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Culture
        • 2.1.1.2. Market Attractiveness Analysis, By Product
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Aquaculture Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Aquaculture Market – Culture Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Culture, 2020 & 2028
    • 4.2. Marine Water
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Fresh Water
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Brackish Water
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Aquaculture Market – Product Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Product, 2020 & 2028
    • 5.2. Carp
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Mulluscs
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Crustaceans
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Salmon
      • 5.5.1. Market Size and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Trout & Others
      • 5.6.1. Market Size and Forecast, By Region (USD Billion)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Aquaculture Market – Region Segment Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Culture, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Product, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, By Culture, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, By Product, 2016 – 2028
      • 6.2.6. Canada
        • 6.2.6.1. Canada Market Revenue, By Culture, 2016 – 2028
        • 6.2.6.2. Canada Market Revenue, By Product, 2016 – 2028
      • 6.2.7. Mexico
        • 6.2.7.1. Mexico Market Revenue, By Culture, 2016 – 2028
        • 6.2.7.2. Mexico Market Revenue, By Product, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Culture, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Product, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Culture, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By Product, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Culture, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By Product, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Culture, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By Product, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Culture, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By Product, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, By Culture, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, By Product, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Culture, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By Product, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Culture, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Product, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Culture, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By Product, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Culture, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By Product, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Culture, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By Product, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, By Culture, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, By Product, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, By Culture, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, By Product, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Culture, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Product, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Culture, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Product, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Culture, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By Product, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, By Culture, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, By Product, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Culture, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By Product, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Culture, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Product, 2016 – 2028
      • 6.6.5. GCC Countries
        • 6.6.5.1. GCC Countries Market Revenue, By Culture, 2016 – 2028
        • 6.6.5.2. GCC Countries Market Revenue, By Product, 2016 – 2028
      • 6.6.6. South Africa
        • 6.6.6.1. South Africa Market Revenue, By Culture, 2016 – 2028
        • 6.6.6.2. South Africa Market Revenue, By Product, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Culture, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By Product, 2016 – 2028
  • Chapter No. 7: Aquaculture Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technulogy Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Aquaculture Market: Company Market Share, 2019
      • 8.1.2. Global Aquaculture Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Aquaculture Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Aquaculture Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. Blue Ridge Aquaculture
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfulio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
    • 9.2 Nireus Aquaculture S.A.
    • 9.3 Cooke Aquaculture Inc
    • 9.4 Cermaq ASA
    • 9.5 The Waterbase Limited
    • 9.6 Tassal Group Ltd.
    • 9.7 Selonda Aquaculture S.A.
    • 9.8 Zeal Aqua
    • 9.9 NSF Certification UK Ltd
    • 9.10 Carter & Sons Ltd.
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodulogy
    • 11.1. Research Methodulogy
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Aquaculture market. Zion Research has collected and analyzed key data belong to the global Aquaculture market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Aquaculture across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Aquaculture industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Aquaculture market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Aquaculture is the farming of aquatic organisms such as fish, crustaceans, molluscs and aquatic plants in either freshwater or saltwater. The aquatic population is cultivated under controlled conditions in aquaculture. Aquaculture is also known as aqua farming. Various species are cultivated in this farming and harvested for commercial fishing across the globe. It has a wide scope of applications. Thus, it is expected to grow at significant rate in near future.

The global aquaculture market is primarily driven by a decrease in global catchments of fish. Additionally, the rise in demand for fish oil in dietary supplements is expected to grow the demand for aquaculture market during the years to come. However, unfavorable climatic conditions are the major restraint that is expected to limit the growth of aquaculture market in the near future. Furthermore, adoption of rice-fish culture is likely to generate new opportunities for global aquaculture market across the global during the years to come.

Global Aquaculture Market

Based on different culture, the global aquaculture market is bifurcated into the marine culture, freshwater and brackish water. Among these cultures, fresh water culture was the largest segment of global aquaculture market in 2015. It accounted for more than 50.0% share of the entire market. Furthermore, this trend is expected to continue in the future years due to the decrease in fishing activities in natural water bodies such as seas and oceans. Moreover, growing demand for sea water species among the consumers is likely to grow the market for aquaculture in marine water culture during the coming years.

Carp, molluscs, crustaceans, salmon, trout and other fish are the key products of global aquaculture market. Among all products, carp dominated the global aquaculture market in 2015. It accounted for more than 32.0% shares of the global aquaculture market. Furthermore, this trend is expected to continue within the forecast period. Moreover, mollusks is another important segment which is expected to be fastest growing product segment of the global aquaculture market during the years to come. This growth is attributed to the increase in adoption of poly culture scenario across the globe aquaculture market.  

Based on geographic segmentation, Asia Pacific held the leading position in the   global aquaculture market in 2015. China was the major contributor to the aquaculture production in 2015. It accounted for more than 58% shares of the global market. Furthermore, this trend is predicted to continue over the market of aquaculture during the next few years. This growth is attributed to a number of factors such as suitable weather conditions, availability of natural resources and labor at a cheap salary. Furthermore, North America and Europe are expected to have significant growth in near future owing to advancing trends in aquaculture. Latin America is also projected to have moderate growth in coming years.

Some of the key participants operating in the global aquaculture market include Nireus Aquaculture S.A., Blue Ridge Aquaculture, Cermaq ASA, Cooke Aquaculture Inc., Tassal Group Ltd., The Waterbase Limited, Zeal Aqua, Selonda Aquaculture S.A., Carter & Sons Ltd and NSF Certification UK Ltd among others.

Frequently Asked Questions

The global Aquaculture Market was valued at USD 199.5 billion in 2020.

The global Aquaculture Market is expected to reach USD 278.6 billion by 2028, growing at a CAGR of 4.2% between 2021 to 2028.

Increasing urbanization and increasing the income of individuals has led to an increase in the consumption of protein-rich meats. the industry is expected to have a positive impact on the demand.

Asia Pacific is the leading market for aquaculture and is expected to witness rapid growth due to cheap labor, appropriate climatic conditions, and the availability of natural resources in this region.

Key manufacturers included in the study are Nireus Aquaculture S.A., Blue Ridge Aquaculture, Cermaq ASA, Cooke Aquaculture Inc., Tassal Group Ltd., The Waterbase Limited, Zeal Aqua, Selonda Aquaculture S.A., Carter & Sons Ltd and NSF Certification UK Ltd among others. 

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