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Global Aquaculture Market Size Study, by Environment (Marine Water, Fresh Water, Brackish Water), by Fish Type (Carps, Mollusks, Crustaceans, Mackerels, Sea Bream, Others), and Regional Forecasts 2024-2032

Global Aquaculture Market Size Study, by Environment (Marine Water, Fresh...

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Global Aquaculture Market Size Study, by Environment (Marine Water, Fresh Water, Brackish Water), by Fish Type (Carps, Mollusks, Crustaceans, Mackerels, Sea Bream, Others), and Regional Forecasts 2024-2032
Global Aquaculture Market Size Study,...
Report Code
RO7/103/1678

Publish Date
30/Aug/2024

Pages
200
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Global aquaculture market is valued at approximately USD 311.1 billion in 2023, is anticipated to grow with a healthy growth rate of more than 5.2% over the forecast period 2024-2032. Aquaculture, or aqua farming, refers to the breeding, rearing, and harvesting of aquatic organisms such as fish, mollusks, crustaceans, and aquatic plants. This farming procedure, encompassing interventions in the rearing process to enhance production such as regular stocking, feeding, and protection from predators currently involves around 580 species globally, showcasing significant genetic diversity. The rise in demand for sustainable practices, technological adoption, alternative feeds, land-based aquaculture, and value-added products, coupled with increased transparency, has driven the demand within the aquaculture industry.

The global food and beverage market has seen robust growth driven by innovation, improved logistics, increased affordability, and consumer spending. The expansion of the food processing industry is also expected to boost the demand for fast food, indirectly benefiting the aquaculture market. Furthermore, rising fish production to meet global food supply needs, along with government support for fish farming, significantly propels the growth of the aquaculture market.

However, concerns over animal cruelty in farms and slaughterhouses and the rising adoption of veganism pose restraints. Prominent organizations like PETA and Animal Equality encourage reduced meat consumption, which affects the aquaculture market. On the other hand, technological advancements such as recirculating aquaculture systems (RAS) and aquaponics, which help increase production and reduce water pollution, offer opportunities for market growth.

The key regions considered for the global aquaculture market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is anticipated to dominate the market, driven by advanced aquaculture infrastructure, consumer health consciousness, and strong institutional support for aquaculture. For instance, the U.S. Department of Commerce established an aquaculture policy to promote a highly competitive and sustainable aquaculture industry. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by surging demand for sustainable practices, growing adoption of emerging aquaculture technologies, and rise in trend of land-based aquaculture.

Major market players included in this report are:
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
Thai Union Group Public Company Limited
The detailed segments and sub-segments of the market are explained below:
By Environment
Marine Water
Fresh Water
Brackish Water
By Fish Type
Carps
Mollusks
Crustaceans
Mackerels
Sea Bream
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

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