Aquaculture Market Forecasts to 2028 – Global Analysis By Product (Chemicals, Pharmaceuticals), Application (Sale, Processing), End User (Business to Business (B2B), Business to Customer (B2C)) and By Geography
According to Stratistics MRC, the Global Aquaculture market is accounted for $35.24 billion in 2020 and is expected to reach $71.25 billion by 2028 growing at a CAGR of 9.2% during the forecast period. Increasing seafood trade propelling demand, rising income levels leading to faster growth in fish consumption and continuous decline of natural feedstock are the major factors driving the market growth. However, rise in the adoption of veganism is restraining the market growth.
Aquaculture is defined as the activity of fish farming. This procedure of farming involves interventions in rearing process to boost production, such as regular stocking, feeding, and protection from predators. Aquaculture farming involves around 580 species that are currently farmed all over the world, representing a wealth of genetic diversity both within and among species.
Based on production, the small-scale segment is estimated to have a lucrative growth due to the growing demand for aqua products for their protein-rich content, small-scale farming is adopted by developing regions such as Africa, South America and Asia Pacific. Furthermore, the governments of these countries are taking various initiatives to support aqua farming in these regions, as it is one of the major sources of employment. By geography, Asia Pacific is going to have high growth during forecast period due to rise in demand for advanced and latest aquaculture products that help in producing more quality output with available land for aqua farming and enhance the efficiency of aquaculture operations.
Some of the key players profiled in the Aquaculture Market include AKVA Group, Aquaculture Equipment Ltd, Aquaculture of Texas, Inc, Aquaculture System Technologies, LLC., Asakua, CPI Equipment Inc., Frea Aquaculture Solutions, Lifegard Aquatics, Luxsol, Pentair PLC, Pioneer Group, Reef Industries, Inc., Tan International Ltd and Xylem Inc.
Estimated Market Size in 2020:
USD 35.24 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs & Figures
Type, Production Type, Consumption, Nature, Form, Ingredient, Additive, Culture, Species, Product, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Production Types Covered:
• Small Scale
• Medium & Large Scale
• Food Use
• Non Food Use
• Land Based
• Fish Meal
• Fish Oil
• Feed Enzymes
• Vitamins & Minerals
• Brackish Water
• Other Cultures
• Aquatic Animals
• Aquatic Plants
End Users Covered:
• Business to Business (B2B)
• Business to Customer (B2C)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Aquaculture Market is majorly driven by increasing seafood trade propelling demand, rising income levels leading to faster growth in fish consumption and continuous decline of natural feedstock.
The small-scale segment is growing at a highest CAGR owing demand for aqua products for their protein-rich content.
South America dominated with a significant market share due to the factors such as technological developments and rapid improvements in terms of infrastructure.
Asia Pacific market is growing at a highest CAGR owing to rise in demand for advanced and latest aquaculture products that help in producing more quality output with available land for aquafarming and enhance the efficiency of aquaculture operations.
Key players in Aquaculture Market include AKVA Group, Aquaculture Equipment Ltd, Aquaculture of Texas, Inc, Aquaculture System Technologies, LLC., Asakua, CPI Equipment Inc., Frea Aquaculture Solutions, Lifegard Aquatics, Luxsol, Pentair PLC, Pioneer Group, Reef Industries, Inc., Tan International Ltd and Xylem Inc.
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