Aquaculture Market Size, Share, Growth, Trends & Forecast 2021-2026

Press Release:

Global Aquaculture Market to Reach US$ 323.6 Billion by 2026, Impelled by Increasing Consumption of Seafood

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Aquaculture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

The global aquaculture market reached a value of around US$ 233.4 Billion in 2020. Aquaculture, or fish farming, refers to the controlled process of breeding, rearing, harvesting and cultivating fish, shellfish, algae and other aquatic organisms. It is usually conducted in coastal ocean waters, freshwater ponds, rivers and in on-land tanks. This aids in food production, restoration of habitats and endangered and threatened species populations, and aquariums building. It also minimizes waste creation by producing feed for fish and shellfish, providing a safe and natural breeding environment to the aquatic population and optimum utilization of agricultural and natural resources. Aquaculture also includes the production of ornamental fishes to support commercial and recreational marine fisheries.

The rising demand for seafood, along with increasing farming of aquatic animals, is one of the key factors driving the growth of the market. Furthermore, the growing demand for fish oil across various industries, such as food and beverages, pharmaceuticals and nutraceuticals, is also driving the market growth. Fish breeders are increasingly becoming aware of the benefits of adopting efficient aquaculture practices to gain control over the quality of water and maintain overall biological productivity. They are also introducing technologically advanced equipment to monitor the water, analyze fish behavior and manage facility logistics. In line with this, extensive research and development (R&D) activities, such as genetic improvements in the species of finfish, controlling fish reproduction, manipulation of chromosomes and monitoring of parasitic diseases in aquatic animals in off-shore and open oceans, are also expected to drive the market further. Looking forward, IMARC Group expects the global aquaculture market to grow at a CAGR of 5.7% during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global aquaculture market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, fish type, environment and distribution channel.

Breakup by Fish Type:

Freshwater Fish
Molluscs
Crustaceans
Others

Breakup by Environment:

Fresh Water
Marine Water
Brackish Water

Breakup by Distribution Channel:

Traditional Retail
Supermarkets and Hypermarkets
Specialized Retailers
Online Stores
Others

Breakup by Region:

Asia Pacific
- China
- Indonesia
- India
- Vietnam
- Philippines
- South Korea
- Japan
- Thailand
- Malaysia
- Australia
- Others
Latin America
- Chile
- Brazil
- Ecuador
- Mexico
- Others
Europe
- Norway
- Spain
- Russia
- United Kingdom
- France
- Italy
- Greece
- Netherlands
- Ireland
- Denmark
- Germany
- Others
Middle East and Africa
- Egypt
- Turkey
- Saudi Arabia
- Others
North America
- United States
- Canada

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Aquaculture of Texas Inc., Aquaculture Systems Technologies LLC, Aquafarm Equipment AS, Cermaq ASA, Cooke Aquaculture Inc., CPI Equipment Inc., Frea Aquaculture Solutions, Grupo Farallon Aquaculture, Huon Aquaculture Group Pty Ltd., International Fish Farming Co. – Asmak, Leroy Sea Food Group, Nireus Aquaculture S.A, Selonda Aquaculture S.A. (Andromeda Seafood Limited), Stehr Group Pty Ltd., Stolt-Nielsen Limited (Fiducia Ltd.), Tassal Group Limited and Thai Union Group Plc.

Key Questions Answered in This Report:

How has the global aquaculture market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global aquaculture market?
What are the key regional markets?
What is the breakup of the market based on the fish type?
What is the breakup of the market based on the environment?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global aquaculture market and who are the key players?
What is the degree of competition in the industry?