Global Aquaculture Market Projected to Reach USD 52.4 billion by 2026

16-Sep-2020 | Facts and Factors

Findings from Facts and Factors report “Aquaculture Market By Type (Carps, Crustaceans, Mackerel, Mollusca, Salmon, Trout, Others), and By Culture Environment  (Fresh Water, Marine Water, Brackish Water) By Channel (Direct Sales, Distributor): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global aquaculture market in 2019 was above USD 32.2 billion. The market is expected to grow above a CAGR of 7.2% and is anticipated to reach over USD 52.4 billion by 2026.

Aquafarming or aquaculture is farming or harvesting of an aquatic organism such as aquatic plants, crustaceans, fish, algae, mollusks, and other organisms that help to enhance the production of aquatic organism, it also includes regular feeding, stocking, and protection from predators. The method of aquaculture includes the cultivation of saltwater or freshwater populations under controlled conditions. Kinds of aquaculture include shrimp farming, fish farming, oyster farming, cultivation of ornamental fish, mariculture, algaculture which is also known as seaweed farming. The most common form of aquaculture is farming of fish that includes the commercial production of fish in fish ponds, tanks, or ocean enclosures, usually for food.

Browse the full “Aquaculture Market By Type (Carps, Crustaceans, Mackerel, Mollusca, Salmon, Trout, Others), and By Culture Environment  (Fresh Water, Marine Water, Brackish Water) By Channel (Direct Sales, Distributor): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/aquaculture-market-by-type-carps-crustaceans-mackerel-mollusca-1315

Increasing demand for seafood in the growing urbanization is driving the aquaculture market. As well as a huge availability of fish food in the market to fulfill the demands for ready to eat food is also driving the market growth. Moreover, growing awareness about the benefits of seafood for health and increasing consumption of seafood is anticipated to fuel the market growth. However, aquacultural activities are the major contributor to increasing organic waste level. Therefore, for the sustainable development of the aquaculture industry, appropriate waste processes are necessary.

Moreover, overfishing for feed may act as a restraint for the aquaculture market. Nonetheless, aquaculture is a source of income for the fish farmers. Numerous government and non-government organizations are taking initiative for aquacultural production. Thus, rising investment for aquacultural production and innovations in the technology may create lucrative opportunities in the market.

By product type segment, the market is divided into carps, crustaceans, mackerel, mollusca, salmon, trout, others. Among these, the salmon segment-headed the market in 2019 and it is expected to grow over the forecast period attributed to the high availability of salmons and its nutritional value for health. Furthermore, other segments including the carps, trout, mollusks are growing due to the increasing cultivation of fish farming.

By the culture environment segment, the market is classified into the freshwater, marine water, brackish water. In these, freshwater led the market in 2019 and it is expected to increase during the forthcoming years. By geography, Asia Pacific is experiencing massive demand for aquaculture owing to a significantly increasing demand for fish food, and suitable climatic conditions in countries like China, Russia, etc.

North American is expected to boost the demand for aquaculture owing to the rising government initiatives in fish farming. The European region is expected to the fastest growth in the market owing to the rising requirement for seafood from increasing population. Moreover, Latine America, Middle East, and Africa is anticipated to boom the market over the forecast period.

Report Scope

Some of the leading players in the global market include

MOWI ASA, Nippon Suisan Kaisha Ltd, Austevoll Seafood ASA, SalMar ASA, Cooke Aquaculture, Inc., Norway Royal Salmon ASA, Tassal Group Ltd, Campania Pesquera, Multiexport Foods SA, Camanchaca SA, Dainichi Corporation, P/F Bakkafrost, Stoly Sea Farm SA, Nireus SA, Tongwei Group Co., Ltd., Kyokuyo Co., Ltd., Thai Union Group PCL, Surapon Foods Public Company Limited, and Maruha Nichiro Corporation, and others.

This report segments the aquaculture market as follows:

By Product Types Segmentation Analysis

• Carps
• Crustaceans
• Mackerel
• Mollusca
• Salmon
• Trout
• Others

By Culture Environment Segmentation Analysis

• Fresh Water
• Marine Water
• Brackish Water

By Channel Segmentation Analysis

• Direct Sales
• Distributor

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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