Aquaculture Products Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Report Code: ZMR-3868 | Report Format : | Status : Upcoming |

Abstract

Global Aquaculture Products Market: Overview

The growing trend of aquafarming that includes farming of fish, algae, crustaceans, aquatic plants, mollusks, and other organisms will lucratively influence the demand for aquaculture products in the coming years. Aquaculture products also include amphibians, jellyfish, sea urchins, and echinoderms.

Global Aquaculture Products Market: Growth Factors

The aquaculture products market is driven by the decline in the amount of captured fish, increasing human population, and a rise in consumption due to the nutritional value of fish. In addition, the rise in income levels has also increased the amount of aquafarming, which, in turn, facilitates the demand for aquaculture products. The rising trend in smart fishing and the increase in seafood trade will also propel the product demand in the near future. With aquaculture becoming one of the rapidly emerging food production sectors over the last few years, market growth is likely to gain momentum in the years to come. However, overfishing and depleting wild fish stocks may pose a threat to the growth of aquaculture products market in the years ahead.

The demand for aquaculture products is anticipated to surge in the coming years, owing to the products being a vital source of seafood and nutrition for humans.  An aquaculture product has become a notable source of foreign currency for emerging nations with their growing exports and has generated new employment opportunities in these regions.  In additional technological breakthroughs have introduced new species along with enhancing productivity and this has contributed substantially towards the global aquaculture products market.

Global Aquaculture Products Market: Segmentation

The global aquaculture products market can be classified into rearing product type, species, culture, and production type. Based on the rearing product type, the market is segmented into equipment, fertilizers, chemicals, and pharmaceuticals. On the basis of species, the aquaculture products market is sectored into aquatic animals and aquatic plants. Based on the culture, the market is divided into freshwater, brackish water, and marine. Based on the production type, the aquaculture products market is divided into small-scale and large & medium-scale production.

Global Aquaculture Products Market: Regional Analysis

Based on regions, the global aquaculture products market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. 

The Asia Pacific is projected to be the dominant region for aquaculture products market. Countries such as China, India, Vietnam, Indonesia, Japan, and Thailand are anticipated to be the major regional revenue contributors. The region is expected to experience a sharp rise in the demand for advanced and latest aquaculture products that will help in producing more quality output with available land for aquafarming and enhance the efficiency of aquaculture operations.

The expected growth in the number of aquaculture production units in the APAC region is further projected to boost the supply and consumption of aquaculture products. The aquaculture sectors in countries such as China, India, Vietnam, Indonesia, and Thailand are export-oriented and the aquafarming sector is of prime importance in these countries. Market players in the APAC region are focusing on technology adoption and automation. This is expected to have a positive impact on the aquaculture products market in the region.

With a thriving fishing industry in coastal regions, the market in North America and Europe is anticipated to witness a notable expansion.

Global Aquaculture Products Market: Competitive Players

Some of key players in aquaculture products market are  Pentair plc, (U.S.), AKVA Group (Norway), Xylem Inc. (U.S.), Aquaculture Equipment Ltd (UK), Aquaculture System Technologies (U.S.), Luxsol (Belgium), Pioneer Group (Taiwan), CPI Equipment Inc (U.S.), Asakua (Turkey), FREA Aquaculture Solutions (Denmark), Lifegard Aquatics (U.S.), Tan International Ltd (UK), Reef Industries Inc (U.S.), Aquafarm Equipment AS (Norway), and Aquaculture of Texas, Inc (U.S.).

Global Aquaculture Products Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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