NEW YORK, Sept. 27, 2022 /PRNewswire/ -- The aquaculture market will be driven by factors such as the increased presence of better aquaculture strains from different farming methods. Cultivating wild fish in an aquaculture environment can lead to gene frequencies due to selectivity. Breeding strains for improved growth of aquaculture species increase due to selective breeding, which helps in disease resistance. Interspecific hybridization is another method to improve strains, which helps in raising growth rate, improving flesh quality, producing sterile animals, rising tolerance and disease resistance, and manipulating sex ratios. As a result, the global aquaculture market is expected to experience a rise in genetic improvement efforts during the forecast period.
The aquaculture market size is expected to grow by USD 51.94 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 4.27% during the forecast period, according to Technavio.
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Vendor Landscape
The aquaculture market is fragmented due to the presence of multiple established players. Vendors are deploying organic and inorganic growth strategies to compete in the market. The key players compete on factors such as quality, price, brand, and variety. The acquisition of new brands and various partnerships will provide opportunities for leading competitors to maintain their dominance in the global aquaculture market during the forecast period. Many global players are expected to expand their presence across the world. The competition among key players will lead to the introduction of many innovative ways of producing aquatic products.
Aquaculture Market Product Outlook (Revenue, USD bn, 2021-2026)
- Freshwater fish market - size and forecast 2021-2026
- Crustacean market - size and forecast 2021-2026
- Mollusks market - size and forecast 2021-2026
- Diadromous fish market - size and forecast 2021-2026
- Others - size and forecast 2021-2026
Aquaculture Market Application Outlook (Revenue, USD bn, 2021-2026)
- Freshwater aquaculture market - size and forecast 2021-2026
- Marine water aquaculture market - size and forecast 2021-2026
- Brackish water aquaculture market - size and forecast 2021-2026
Aquaculture Market Technology Outlook (Revenue, USD bn, 2021-2026)
- Net pen culture market - size and forecast 2021-2026
- Floating-cage culture market - size and forecast 2021-2026
- Pond culture market - size and forecast 2021-2026
- Rice-field culture market - size and forecast 2021-2026
Aquaculture Market Geography Outlook (Revenue, USD bn, 2021-2026)
- APAC - size and forecast 2021-2026
- North America - size and forecast 2021-2026
- Europe - size and forecast 2021-2026
- South America - size and forecast 2021-2026
- Middle East and Africa - size and forecast 2021-2026
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Revenue-generating Product Segments
The freshwater fish market segment will be the largest contributor to market growth during the forecast period. The growth of this segment is attributed to factors such as conservation efforts of freshwater fish species in their natural habitats.
Major Aquaculture Companies
- American Abalone Farms
- Bakkafrost PF
- Blue Ridge Aquaculture Inc
- Cooke Aquaculture Inc.
- Eastern Fish Co.
- Grupo Farallon Aquaculture
- Huon Aquaculture Group Ltd.
- International Holdings Co. PJSC
- Mitsubishi Corp.
- Mowi ASA
- NIREUS AQUACULTURE SA
- Norway Royal Salmon ASA
- Shandong Oriental Ocean Group Ltd.
- Shanghai Kaichuang International Marine Resources Co. Ltd.
- Stolt Nielsen Ltd.
- Tassal Group Ltd.
- Taylor Shellfish Farms Inc.
- Zhanjiang Guolian Aquatic Products Co. Ltd.
- Zoneco Group Co. Ltd.
- PJSC Russian Aquaculture
Related Reports
Aquatic Feed Ingredients and Products Market by Species and Geography - Forecast and Analysis 2021-2025: The aquatic feed ingredients and products market share is expected to increase by 12.12 million tons from 2020 to 2025.
Aquaculture Market in Indonesia by Environment, Product, and Geography - Forecast and Analysis 2021-2025: The aquaculture market size in Indonesia has the potential to grow by 9240 thousand tons during 2020-2025.
Aquaculture Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.27% |
Market growth 2022-2026 |
USD 51.94 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.05 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 80% |
Key consumer countries |
China, India, Indonesia, Vietnam, and Thailand |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Key companies profiled |
American Abalone Farms, Bakkafrost PF, Blue Ridge Aquaculture Inc, Cooke Aquaculture Inc., Eastern Fish Co., Grupo Farallon Aquaculture, Huon Aquaculture Group Ltd., International Holdings Co. PJSC, Mitsubishi Corp., Mowi ASA, NIREUS AQUACULTURE SA, Norway Royal Salmon ASA, Shandong Oriental Ocean Group Ltd., Shanghai Kaichuang International Marine Resources Co. Ltd., Stolt Nielsen Ltd., Tassal Group Ltd., Taylor Shellfish Farms Inc., Zhanjiang Guolian Aquatic Products Co. Ltd., Zoneco Group Co. Ltd., and PJSC Russian Aquaculture |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Environment
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Market Segmentation by Culture
- Exhibit 08: Executive Summary – Chart on Incremental Growth
- Exhibit 09: Executive Summary – Data Table on Incremental Growth
- Exhibit 10: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 11: Parent market
- Exhibit 12: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 13: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 14: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 15: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 16: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 17: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 18: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 19: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 20: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 21: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 22: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 23: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 24: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 25: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Environment
- 5.1 Market segments
- Exhibit 26: Chart on Environment - Market share 2021-2026 (%)
- Exhibit 27: Data Table on Environment - Market share 2021-2026 (%)
- 5.2 Comparison by Environment
- Exhibit 28: Chart on Comparison by Environment
- Exhibit 29: Data Table on Comparison by Environment
- 5.3 Freshwater aquaculture - Market size and forecast 2021-2026
- Exhibit 30: Chart on Freshwater aquaculture - Market size and forecast 2021-2026 ($ billion)
- Exhibit 31: Data Table on Freshwater aquaculture - Market size and forecast 2021-2026 ($ billion)
- Exhibit 32: Chart on Freshwater aquaculture - Year-over-year growth 2021-2026 (%)
- Exhibit 33: Data Table on Freshwater aquaculture - Year-over-year growth 2021-2026 (%)
- 5.4 Marine water aquaculture - Market size and forecast 2021-2026
- Exhibit 34: Chart on Marine water aquaculture - Market size and forecast 2021-2026 ($ billion)
- Exhibit 35: Data Table on Marine water aquaculture - Market size and forecast 2021-2026 ($ billion)
- Exhibit 36: Chart on Marine water aquaculture - Year-over-year growth 2021-2026 (%)
- Exhibit 37: Data Table on Marine water aquaculture - Year-over-year growth 2021-2026 (%)
- 5.5 Brackish water aquaculture - Market size and forecast 2021-2026
- Exhibit 38: Chart on Brackish water aquaculture - Market size and forecast 2021-2026 ($ billion)
- Exhibit 39: Data Table on Brackish water aquaculture - Market size and forecast 2021-2026 ($ billion)
- Exhibit 40: Chart on Brackish water aquaculture - Year-over-year growth 2021-2026 (%)
- Exhibit 41: Data Table on Brackish water aquaculture - Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by Environment
- Exhibit 42: Market opportunity by Environment ($ billion)
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 43: Chart on Product - Market share 2021-2026 (%)
- Exhibit 44: Data Table on Product - Market share 2021-2026 (%)
- 6.2 Comparison by Product
- Exhibit 45: Chart on Comparison by Product
- Exhibit 46: Data Table on Comparison by Product
- 6.3 Freshwater fish - Market size and forecast 2021-2026
- Exhibit 47: Chart on Freshwater fish - Market size and forecast 2021-2026 ($ billion)
- Exhibit 48: Data Table on Freshwater fish - Market size and forecast 2021-2026 ($ billion)
- Exhibit 49: Chart on Freshwater fish - Year-over-year growth 2021-2026 (%)
- Exhibit 50: Data Table on Freshwater fish - Year-over-year growth 2021-2026 (%)
- 6.4 Crustacean - Market size and forecast 2021-2026
- Exhibit 51: Chart on Crustacean - Market size and forecast 2021-2026 ($ billion)
- Exhibit 52: Data Table on Crustacean - Market size and forecast 2021-2026 ($ billion)
- Exhibit 53: Chart on Crustacean - Year-over-year growth 2021-2026 (%)
- Exhibit 54: Data Table on Crustacean - Year-over-year growth 2021-2026 (%)
- 6.5 Mollusks - Market size and forecast 2021-2026
- Exhibit 55: Chart on Mollusks - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Data Table on Mollusks - Market size and forecast 2021-2026 ($ billion)
- Exhibit 57: Chart on Mollusks - Year-over-year growth 2021-2026 (%)
- Exhibit 58: Data Table on Mollusks - Year-over-year growth 2021-2026 (%)
- 6.6 Diadromous fish - Market size and forecast 2021-2026
- Exhibit 59: Chart on Diadromous fish - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Data Table on Diadromous fish - Market size and forecast 2021-2026 ($ billion)
- Exhibit 61: Chart on Diadromous fish - Year-over-year growth 2021-2026 (%)
- Exhibit 62: Data Table on Diadromous fish - Year-over-year growth 2021-2026 (%)
- 6.7 Others - Market size and forecast 2021-2026
- Exhibit 63: Chart on Others - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
- Exhibit 65: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 66: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 6.8 Market opportunity by Product
- Exhibit 67: Market opportunity by Product ($ billion)
7 Market Segmentation by Culture
- 7.1 Market segments
- Exhibit 68: Chart on Culture - Market share 2021-2026 (%)
- Exhibit 69: Data Table on Culture - Market share 2021-2026 (%)
- 7.2 Comparison by Culture
- Exhibit 70: Chart on Comparison by Culture
- Exhibit 71: Data Table on Comparison by Culture
- 7.3 Net pen culture - Market size and forecast 2021-2026
- Exhibit 72: Chart on Net pen culture - Market size and forecast 2021-2026 ($ billion)
- Exhibit 73: Data Table on Net pen culture - Market size and forecast 2021-2026 ($ billion)
- Exhibit 74: Chart on Net pen culture - Year-over-year growth 2021-2026 (%)
- Exhibit 75: Data Table on Net pen culture - Year-over-year growth 2021-2026 (%)
- 7.4 Floating-cage culture - Market size and forecast 2021-2026
- Exhibit 76: Chart on Floating-cage culture - Market size and forecast 2021-2026 ($ billion)
- Exhibit 77: Data Table on Floating-cage culture - Market size and forecast 2021-2026 ($ billion)
- Exhibit 78: Chart on Floating-cage culture - Year-over-year growth 2021-2026 (%)
- Exhibit 79: Data Table on Floating-cage culture - Year-over-year growth 2021-2026 (%)
- 7.5 Pond culture - Market size and forecast 2021-2026
- Exhibit 80: Chart on Pond culture - Market size and forecast 2021-2026 ($ billion)
- Exhibit 81: Data Table on Pond culture - Market size and forecast 2021-2026 ($ billion)
- Exhibit 82: Chart on Pond culture - Year-over-year growth 2021-2026 (%)
- Exhibit 83: Data Table on Pond culture - Year-over-year growth 2021-2026 (%)
- 7.6 Rice field culture - Market size and forecast 2021-2026
- Exhibit 84: Chart on Rice field culture - Market size and forecast 2021-2026 ($ billion)
- Exhibit 85: Data Table on Rice field culture - Market size and forecast 2021-2026 ($ billion)
- Exhibit 86: Chart on Rice field culture - Year-over-year growth 2021-2026 (%)
- Exhibit 87: Data Table on Rice field culture - Year-over-year growth 2021-2026 (%)
- 7.7 Market opportunity by Culture
- Exhibit 88: Market opportunity by Culture ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 89: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 90: Chart on Market share by geography 2021-2026 (%)
- Exhibit 91: Data Table on Market share by geography 2021-2026 (%)
- 9.2 Geographic comparison
- Exhibit 92: Chart on Geographic comparison
- Exhibit 93: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2021-2026
- Exhibit 94: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 95: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 96: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 97: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 9.4 North America - Market size and forecast 2021-2026
- Exhibit 98: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 99: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 100: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 101: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 9.5 Europe - Market size and forecast 2021-2026
- Exhibit 102: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 103: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 104: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 105: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 9.6 South America - Market size and forecast 2021-2026
- Exhibit 106: Chart on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 107: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 108: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 109: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 9.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 110: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 111: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 112: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 113: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 9.8 China - Market size and forecast 2021-2026
- Exhibit 114: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 115: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 116: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 117: Data Table on China - Year-over-year growth 2021-2026 (%)
- 9.9 India - Market size and forecast 2021-2026
- Exhibit 118: Chart on India - Market size and forecast 2021-2026 ($ billion)
- Exhibit 119: Data Table on India - Market size and forecast 2021-2026 ($ billion)
- Exhibit 120: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 121: Data Table on India - Year-over-year growth 2021-2026 (%)
- 9.10 Indonesia - Market size and forecast 2021-2026
- Exhibit 122: Chart on Indonesia - Market size and forecast 2021-2026 ($ billion)
- Exhibit 123: Data Table on Indonesia - Market size and forecast 2021-2026 ($ billion)
- Exhibit 124: Chart on Indonesia - Year-over-year growth 2021-2026 (%)
- Exhibit 125: Data Table on Indonesia - Year-over-year growth 2021-2026 (%)
- 9.11 Vietnam - Market size and forecast 2021-2026
- Exhibit 126: Chart on Vietnam - Market size and forecast 2021-2026 ($ billion)
- Exhibit 127: Data Table on Vietnam - Market size and forecast 2021-2026 ($ billion)
- Exhibit 128: Chart on Vietnam - Year-over-year growth 2021-2026 (%)
- Exhibit 129: Data Table on Vietnam - Year-over-year growth 2021-2026 (%)
- 9.12 Thailand - Market size and forecast 2021-2026
- Exhibit 130: Chart on Thailand - Market size and forecast 2021-2026 ($ billion)
- Exhibit 131: Data Table on Thailand - Market size and forecast 2021-2026 ($ billion)
- Exhibit 132: Chart on Thailand - Year-over-year growth 2021-2026 (%)
- Exhibit 133: Data Table on Thailand - Year-over-year growth 2021-2026 (%)
- 9.13 Market opportunity by geography
- Exhibit 134: Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 135: Impact of drivers and challenges in 2021 and 2026
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 136: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 137: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 138: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 139: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 140: Matrix on vendor position and classification
- 12.3 Blue Ridge Aquaculture Inc
- Exhibit 141: Blue Ridge Aquaculture Inc - Overview
- Exhibit 142: Blue Ridge Aquaculture Inc - Product / Service
- Exhibit 143: Blue Ridge Aquaculture Inc - Key offerings
- 12.4 Cooke Aquaculture Inc.
- Exhibit 144: Cooke Aquaculture Inc. - Overview
- Exhibit 145: Cooke Aquaculture Inc. - Product / Service
- Exhibit 146: Cooke Aquaculture Inc. - Key offerings
- 12.5 Eastern Fish Co.
- Exhibit 147: Eastern Fish Co. - Overview
- Exhibit 148: Eastern Fish Co. - Product / Service
- Exhibit 149: Eastern Fish Co. - Key offerings
- 12.6 Huon Aquaculture Group Ltd.
- Exhibit 150: Huon Aquaculture Group Ltd. - Overview
- Exhibit 151: Huon Aquaculture Group Ltd. - Product / Service
- Exhibit 152: Huon Aquaculture Group Ltd. - Key offerings
- 12.7 Mitsubishi Corp.
- Exhibit 153: Mitsubishi Corp. - Overview
- Exhibit 154: Mitsubishi Corp. - Business segments
- Exhibit 155: Mitsubishi Corp. - Key news
- Exhibit 156: Mitsubishi Corp. - Key offerings
- Exhibit 157: Mitsubishi Corp. - Segment focus
- 12.8 Mowi ASA
- Exhibit 158: Mowi ASA - Overview
- Exhibit 159: Mowi ASA - Business segments
- Exhibit 160: Mowi ASA - Key news
- Exhibit 161: Mowi ASA - Key offerings
- Exhibit 162: Mowi ASA - Segment focus
- 12.9 NIREUS AQUACULTURE SA
- Exhibit 163: NIREUS AQUACULTURE SA - Overview
- Exhibit 164: NIREUS AQUACULTURE SA - Business segments
- Exhibit 165: NIREUS AQUACULTURE SA - Key offerings
- Exhibit 166: NIREUS AQUACULTURE SA - Segment focus
- 12.10 Norway Royal Salmon ASA
- Exhibit 167: Norway Royal Salmon ASA - Overview
- Exhibit 168: Norway Royal Salmon ASA - Business segments
- Exhibit 169: Norway Royal Salmon ASA - Key offerings
- Exhibit 170: Norway Royal Salmon ASA - Segment focus
- 12.11 Stolt Nielsen Ltd.
- Exhibit 171: Stolt Nielsen Ltd. - Overview
- Exhibit 172: Stolt Nielsen Ltd. - Business segments
- Exhibit 173: Stolt Nielsen Ltd. - Key offerings
- Exhibit 174: Stolt Nielsen Ltd. - Segment focus
- 12.12 Tassal Group Ltd.
- Exhibit 175: Tassal Group Ltd. - Overview
- Exhibit 176: Tassal Group Ltd. - Product / Service
- Exhibit 177: Tassal Group Ltd. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 178: Inclusions checklist
- Exhibit 179: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 180: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 181: Research methodology
- Exhibit 182: Validation techniques employed for market sizing
- Exhibit 183: Information sources
- 13.5 List of abbreviations
- Exhibit 184: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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SOURCE Technavio
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