Aquaculture Market by Environment (Fresh Water, Marine Water and Brackish Water), by Fish Type (Carps, Crustaceans, Mackerel, Milkfish, Mollusks, Salmon, Sea Brass, Sea Bream, Trout, and Others) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030
Industry: Retail and Consumer | Publish Date: 21-Dec-2020 | No of Pages: 236 | No. of Tables: 128 | No. of Figures: 98 | Format: PDF | Report Code : N/A
Market Definition:
The global Aquaculture Market size valued to USD 281.99 billion in 2019, is projected an elevation of USD 484.05 billion by 2030, witnessing a CAGR of 4.90% from 2020-2030.
Aquaculture refers to the farming of aquatic organism in fresh water, marine water, and brackish water. The aquafarming involves aquatic organisms such as carps, crustaceans, mackerel, milkfish, mollusks, salmon, sea brass, sea bream, trout, and others as well as several edible aquatic plants. This involves harvesting, breeding, restoring, regeneration, protecting the species from predators and performing such other activities in controlled environmental conditions.
Market Dynamics and Trends:
The global aquaculture market observes lucrative growth owing to factors such as rapid urbanization, increase in disposable incomes, as well as increasing fitness quotient that leads to higher consumption of animal protein.
Furthermore, sea-food, selected species of fishes and several aquatic plants hold high nutritional values, are rich in protein as well as are the primary source of omega-3 fatty acid. Henceforth, they hold wide applications in skin care, medical sector, and health and fitness sector. These factors are attributable to fostering the growth of the mariculture market throughout the forecast period.
However, increasing pollution of aquatic bodies, drastic changes in climatic conditions and global warming, are the factors posing massive challenges to the market. Also, handling of the unhealthy culture, managing growth of parasites, irregularities in feed supply as well as disease management of infected species, tend to severely affect the growth of the aquaculture industry.
Moreover, government initiatives to foster aquafarming, proliferating international trade of sea-food, technological innovations, infrastructural advancements as well as cutting-edge product launches by the market players, are anticipated in supplementing the growth of the aquaculture market in future.
Market Segmentations and Scope of the Study:
The global aquaculture market share analysis is based on environment, fish type and geography Based on environment, the market is classified into marine water, fresh water, and brackish water. Based on fish type, the market is segmented into Carps, Crustaceans, Mackerel, Milkfish, Mollusks, Salmon, Sea Brass, Sea Bream, Trout, and Others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Asia-Pacific, Europe, and RoW.
Geographical Analysis:
North America accounts for the major market share, hence it is expected to dominate the global aquaculture industry throughout the forecast period. Factors such as advanced infrastructures, advanced technologies, as well as growing demand for low-fat, high nutritious and protein rich diets, are expected to propel the growth of market in this region.
Asia Pacific is expected to demonstrate a substantial increase in the aquaculture market revenue, owing to the increase in government initiatives. Furthermore, augment in the international trade, increase in disposable income and integration of new technologies are expected to foster the growth of fish-farming in coming future.
The aquaculture industry, which is highly competitive, consists of various market players. Some of the major market players include Cooke Aquaculture Inc., Cermaq Group AS (Mitsubishi Corporation), Grupo Farallon Aquaculture, Marine Harvest ASA, Leroy Sea Food Group, P/F Bakkafrost, Stolt Sea Farm, Selonda Aquaculture S.A., Thai Union Group Public Company Limited and Tassal Group Limited among others.
The past endeavors, present developments and futuristic advancements, sum-up to comprehend the overall market. For instance, in January 2020, Thai Union Group Public Company, Thai Union’s SEALECT Tuna collaborated with Pa Waen a well-known local brand, and launched five new flavors of SEALECT spicy tuna flakes, that offers the goodness of healthy nutritious tuna blended in special recipes by Pa Waen.
Furthermore, the Thai Union Group PCL joined the EP100 Climate Group global initiative on smarter energy use, and became the first food producer to join the venture. By integrating energy efficiency into business strategy, the energy-smart company aims at fulfilling emission reduction goals, hence leveraging the temperature of aquatic eco-systems.
KEY BENEFITS:
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The aquaculture market report provides a quantitative analysis of the current market estimations throughout 2020-2030, which assists in identifying the prevailing market opportunities to capitalize on.
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The study comprises a deep dive analysis of the current and future trends for depicting the prevalent investment pockets in the market.
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The report provides detailed information related to key drivers, restraints, opportunities and their impact on the aquaculture industry.
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The report incorporates a competitive analysis of the market players along with their share in the global horticulture market.
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The study elaborates SWOT analysis and Porters Five Forces model for the market.
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Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
AQUACULTURE MARKET KEY SEGMENTS:
By Environment
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Fresh Water
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Marine Water
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Brackish Water
By Fish Type
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Carps
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Crustaceans
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Mackerel
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Milkfish
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Mollusks
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Salmon
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Sea Brass
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Sea Bream
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Trout
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Others
By Geography
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North America
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U.S.
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Canada
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Mexico
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Europe
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Norway
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Iceland
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Rest of Europe
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Asia-Pacific
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China
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Japan
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Philippines
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Australia
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Indonesia
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Vietnam
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Rest of Asia-Pacific
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RoW
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Latin America
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Middle East
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Africa
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REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Analysis Period |
2019–2030 |
|
Base Year Considered |
2020 |
|
Forecast Period |
2020–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Market Segmentation |
By Environment (Marine Water, Fresh Water, Brackish Water) By Fish Type (Carps, Mollusks, Crustaceans, Mackerel, Sea bream, Other Fish Type) |
|
Geographical Segmentation |
North America (U.S., Canada, Mexico) Europe (Norway, Iceland, Rest of Europe), Asia-Pacific (China, Japan, Philippines, Australia, Indonesia, Vietnam, Rest of APAC), Rest of the World (Latin America, Middle East, Africa) |
|
Companies Profiled |
Cooke Aquaculture Inc., Cermaq Group AS (Mitsubishi Corporation), Grupo Farallon Aquaculture, Marine Harvest ASA, Leroy Sea Food Group, P/F Bakkafrost, Stolt Sea Farm, Selonda Aquaculture S.A., Thai Union Group Public Company Limited and Tassal Group Limited. |
KEY PLAYERS:
- Cooke Aquaculture Inc.
- Cermaq Group AS (Mitsubishi Corporation)
- Grupo Farallon Aquaculture
- Marine Harvest ASA
- Leroy Sea Food Group
- P/F Bakkafrost
- Stolt Sea Farm
- Selonda Aquaculture S.A.
- Thai Union Group Public Company Limited
- Tassal Group Limited
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