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 2022-2032

Description

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.

Chapter 1. Global Aquaculture Market Executive Summary

1.1. Global Aquaculture Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Environment
- 1.3.2. By Fish Type
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Aquaculture Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Aquaculture Market Dynamics

3.1. Market Drivers
- 3.1.1. Expansion in Food & Beverage Industry
- 3.1.2. Rise in Fish Production to Meet Food Supply
3.2. Market Challenges
- 3.2.1. Rise in Animal Cruelty in Farms and Slaughterhouses
- 3.2.2. Adoption of Veganism
3.3. Market Opportunities
- 3.3.1. Evolution in Inland Fishing and Sustainable Technology
- 3.3.2. Expanding Sustainable Aquaculture to Address Food Security

Chapter 4. Global Aquaculture Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Aquaculture Market Size & Forecasts by Environment 2022-2032

5.1. Segment Dashboard
5.2. Global Aquaculture Market: Environment Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Marine Water
- 5.2.2. Fresh Water
- 5.2.3. Brackish Water

Chapter 6. Global Aquaculture Market Size & Forecasts by Fish Type 2022-2032

6.1. Segment Dashboard
6.2. Global Aquaculture Market: Fish Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Carps
- 6.2.2. Mollusks
- 6.2.3. Crustaceans
- 6.2.4. Mackerels
- 6.2.5. Sea Bream
- 6.2.6. Others

Chapter 7. Global Aquaculture Market Size & Forecasts by Region 2022-2032

7.1. North America Aquaculture Market
- 7.1.1. U.S. Aquaculture Market
  - 7.1.1.1. Environment breakdown size & forecasts, 2022-2032
  - 7.1.1.2. Fish Type breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Aquaculture Market
7.2. Europe Aquaculture Market
- 7.2.1. U.K. Aquaculture Market
- 7.2.2. Germany Aquaculture Market
- 7.2.3. France Aquaculture Market
- 7.2.4. Spain Aquaculture Market
- 7.2.5. Italy Aquaculture Market
- 7.2.6. Rest of Europe Aquaculture Market
7.3. Asia-Pacific Aquaculture Market
- 7.3.1. China Aquaculture Market
- 7.3.2. India Aquaculture Market
- 7.3.3. Japan Aquaculture Market
- 7.3.4. Australia Aquaculture Market
- 7.3.5. South Korea Aquaculture Market
- 7.3.6. Rest of Asia Pacific Aquaculture Market
7.4. Latin America Aquaculture Market
- 7.4.1. Brazil Aquaculture Market
- 7.4.2. Mexico Aquaculture Market
- 7.4.3. Rest of Latin America Aquaculture Market
7.5. Middle East & Africa Aquaculture Market
- 7.5.1. Saudi Arabia Aquaculture Market
- 7.5.2. South Africa Aquaculture Market
- 7.5.3. Rest of Middle East & Africa Aquaculture Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Cermaq Group AS (Mitsubishi Corporation)
- 8.1.2. Cooke Aquaculture Inc.
- 8.1.3. Grupo Farallon Aquaculture
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Leroy Sea Food Group
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Marine Harvest ASA
- 8.3.3. P/F Bakkafrost
- 8.3.4. Selonda Aquaculture S.A.
- 8.3.5. Stolt Sea Farm
- 8.3.6. Tassal Group Limited
- 8.3.7. Thai Union Group Public Company Limited
- 8.3.8. Cermaq Group AS (Mitsubishi Corporation)
- 8.3.9. Cooke Aquaculture Inc.
- 8.3.10. Grupo Farallon Aquaculture

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes