5 Major Aquaculture Market Outlook - 2026
The 5 major aquaculture market size was valued at $62.5 billion in 2018, and is estimated to reach $87.6 billion by 2025, registering a CAGR of 4.9% from 2018 to 2025. In 2018, the others segment accounted for more than two-fifths share of the total 5 major aquaculture market. Aquaculture includes farming of aquatic organisms such as fin fish, carps, mollusks, crustaceans, and aquatic plants. According to FAO there are a total of 580 farmable fish species worldwide. Currently, the developed countries are the major contributors to the market, while the developing countries such as China are expected to experience significant growth during the forecast period.
Considering the rising trend of aquaculture, the inbound production of species such as grouper is expected to yield exceptional results as it is one of the most consumed fish in the major markets, owing to its health benefits and great taste. The factors that drive the growth of the 5 major aquaculture market include reduction of import tariffs and initiation by the government such as trade agreements establishing preferential terms of trade among two or more trading partners in the same region. Moreover, increase in food supply security issue due to increase in global population, rise in the demand for protein, and technological advancements in the rearing of fish and cultivation of sea plants fuel the market growth. However, increase in preference of meat and meat products over seafood restrains the growth of the 5 major aquaculture market. On the contrary, increase in penetration of inland fish farming and technological advancements in the rearing of fish and cultivation of sea plants are anticipated to provide opportunities for 5 major aquaculture market growth.
The 5 major aquaculture market segments are categorized based on fish type and regions. On the basis of fish type, the market is divided into pompano, snappers, salmon, milkfish, tuna, tilapia, catfish, seabass, and others (carps, mackerels, sea bream, and trout). Based on region, 5 major aquaculture market is analyzed across the U.S., Europe, Russia, China, and Japan.
By Type
Salmon segments dominates the 5 Major Aquaculture market and is expected to retain its dominance throughout the forecast period.
On the basis of fish type, the others segment of 5 major aquaculture market that includes carps mackerels, sea bream, and trout generated the maximum revenue in 2018 and is expected to continue this trend throughout the 5 major aquaculture market analysis period. This can be attributed to high adaptability of these fish for inland fish farming. Moreover, fishing for wild fish is quite difficult and is quite resource and time intensive and produces unpredictable results and all of this can be avoided by inland farming of fish.
By Country
China dominates the 5 Major Aquaculture market and is expected to grow with a CAGR of 5.3% during the forecast period
By region, the 5 major aquaculture market forecast U.S. is the most prominent regional market. This can be attributed to high consumption of fish along with availability of proper infrastructure for aquaculture. However, china is expected to grow with the highest CAGR throughout the forecast period, owing to rapidly improving infrastructure.
The players in the 5 major aquaculture industry have adopted acquisition, partnership & agreement, merger, and geographical expansion as its key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in the 5 major aquaculture market report include Cermaq Group AS (Mitsubishi Corporation), Cooke Aquaculture Inc., Grupo Farallon Aquaculture, Leroy Sea Food Group, Marine Harvest ASA, P/F Bakkafrost, Selonda Aquaculture S.A., Stolt Sea Farm, Tassal Group Limited, and Thai Union Group Public Company Limited.
Other major players captured in the value chain are Blue Ridge Aquaculture, Eastern Fish Co., Huon Aquaculture Group Pty Ltd., ASMAK - International Fish Farming Holding Company, RoyMarine Harvest ASA, Nireus Aquaculture S.A., Promarisco, and Stehr Group Pty Ltd.
Key Benefits for 5 Major Aquaculture Market
- The report provides a quantitative analysis of the current 5 major aquaculture market trends, estimations, and dynamics of the 5 major aquaculture market demand from 2018 to 2026 to identify the prevailing opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis and the 5 major aquaculture market size and segmentation assists in determining the prevailing opportunities.
- The major countries in each region are mapped according to their 5 major aquaculture market shares.
- The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position and 5 major aquaculture market shares.
5 Major Aquaculture Market Segments:
By Fish Type
- Pompano
- Snappers
- Salmon
- Milkfish
- Tuna
- Tilapia
- Catfish
- Seabass
- Others
By Region
- U.S.
- Europe
- Russia
- China
- Japan
5 Major Aquaculture Market Report Highlights
| Aspects | Details |
 By Fish Type |
|
 By Region |
|
 Key Market Players | P/F Bakkafrost (Bakkafrost), Marine Harvest ASA (Marine), Cermaq Group AS (Mitsubishi Corporation), Cooke Aquaculture, Thai Union Group PLC (Thai Union), Nippon Suisan Kaisha, Ltd., Leroy Seafood Group ASA (Leroy), Aquaculture Technologies Asia Limited, Alpha Group Ltd., Tassal Group Limited (Tassal) |
Analyst Review
The 5 Major Aquaculture market is expected to witness significant growth during the forecast period. Currently, it is growing at a considerable pace and is expected to garner moderate growth in major markets such as U.S., Europe, Russia, China, and Japan.
The major factor that drives the growth of the 5 Major Aquaculture market includes government policies that promote the fish farming industry. Moreover, use of advance technologies and development in the infrastructure in this industry boost the 5 Major Aquaculture market growth. In addition, rise in concern of the consumers around the world regarding the intake of protein also provides lucrative growth opportunities for aquaculture companies. However, water pollution and change in climatic conditions across the globe disturbs the aquatic ecosystem, which is expected to restrain the growth of the 5 Major Aquaculture market.
The forecast period of 5 Major Aquaculture market report is from 2019 to 2026.
The 5 Major Aquaculture market was valued at $65.9 billion in 2019
The report covers detailed profiling of key companies operating in the market including Blue Ridge Aquaculture, Eastern Fish Co., Huon Aquaculture Group Pty Ltd., ASMAK - International Fish Farming Holding Company, RoyMarine Harvest ASA, among others
Top companies holding significant market share are Blue Ridge Aquaculture, Eastern Fish Co., Huon Aquaculture Group Pty Ltd.,etc
Fresh whole fish segment of the report is expected to growth at a healthy CAGR during the forecast period
Implementation of government rules and regulations in different countries that promote fish farming to meet the growth in demand to cope with food insecurities is expected to further boost the market growth
Carps, belonging to the Cyprinidae family, is a very large group of fish that is native to Asia and Europe. The hardiness and adaptability of carps has encouraged the domestication of this species globally.
China holds maximum revenue share in 5 Major Aquaculture market in 2019.
Loading Table Of Content...
