Impact of Existing and Emerging Aquaculture Market Trends 2013-2029

Aquaculture refers to the cultivation of brackish, marine, or fresh water species such as shrimp, fish, and oysters under controlled climatic conditions. Compared to captured fish, the share of aquaculture in the global fisheries industry is considerably small and as a result, efforts are on to increase aquaculture activities around the world.

The global aquaculture market has been carefully studied in the report, using the latest research tools and methodologies. The structure, scope, and dynamics of the overall market have been discussed at length, also highlighting the various drivers and restraints impacting the growth of the aquaculture market.

The report segments the aquaculture market based on product, culture environment, and region. By culture environment, the market is segregated into marine water, freshwater, and brackish water. On the basis of product, the aquaculture market is classified into mollusks, salmon, trout, sea bream, carps, crustaceans, milkfish, mackerel, sea bass, and others such as turbot and catfish. By region, the global aquaculture market comprises Europe, North America, China, Asia Pacific excluding China, and Rest of the World.

Overview of the Aquaculture Market

In 2012, the global aquaculture market was reportedly valued at US$135.1 bn. Expanding at a modest CAGR of 5.10% from 2013 to 2019, the aquaculture market is anticipated to reach a value of US$195.1 bn by the end of 2019. This growth can be attributed to the rapidly declining volume of captured fish in the global reserves that has been driving aquaculture activities around the world.

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The growing awareness regarding the health benefits of fish and the surge in fish consumption are also fueling the aquaculture market. While rice and fish farming presents several lucrative options for players within the aquaculture market, adverse climatic conditions have played spoilsport in the growth of the global market.

Carps formed the largest product segment in 2012 due to their greater compatibility with rough climatic conditions. Freshwater aquaculture accounted for a share of more than 60% in the aquaculture market in 2012, emerging as the largest culture environment segment. China was the clear leader among other geographical segments with a share of more than 60% in 2012. The aquaculture market in this segment is mainly driven by the easy availability of natural reserves and resources and cheap labor.

Companies Mentioned in the Report

Selonda Aqauculture S.A., Eastern Fish Co., Thai Union Frozen Products Public Company Ltd., Tassal Group Ltd., Cermaq ASA, Nireus Aquaculture SA, Promarisco, Stolt Sea Farm, International Fish Farming Co. - Asmak, Marine Harvest ASA, Stehr Group Pty Ltd., Blue Ridge Aquaculture, Huon Aquaculture Group Pty Ltd., and Cooke Aquaculture Inc. are some of the leading players actively participating in the global aquaculture market. These players are profiled in the report based on company overview, product portfolio, financial performance, business strategies, recent developments, and a SWOT analysis.

Aquaculture Market, by Culture Environment

• Freshwater
• Marine water
• Brackish water

Aquaculture Market, by Product

• Carps
• Mollusks
• Crustaceans
• Salmon
• Milkfish
• Trout
• Mackerel
• Sea Bream
• Sea Bass
• Others (Catfish and turbot)

Global Aquaculture Market: Seafood Demand to Bolster Growth Globally, finds TMR

The global market for aquaculture is highly fragmented and comprises a large pool of medium and large size players, states Transparency Market Research (TMR) in a research report. The competition in the market is anticipated to intensify over the coming years owing to the strategies being applied by the existing players such as enhancing the production capacity of the existing plants and also set up new plants. Many vendors are focusing on developing novel and advanced manufacturing plants. The players are also entering into agreements with other players or acquiring smaller players for increasing their production capacity and thus which will eventually allow them to meet the growing demand for seafood across the globe. Some of the crème companies operating in the market are Tassal Group Ltd, Thai Union Frozen Products Public Company Ltd., Stehr Group Pty Ltd., Selonda Aqauculture S.A., Stolt Sea Farm, Nireus Aquaculture S.A., Promarisco, Huon Aquaculture Group Pty Ltd., Marine Harvest ASA, Eastern Fish Co., Cermaq ASA, Cooke Aquaculture Inc., Blue Ridge Aquaculture, and Asmak.

According to a TMR analyst, “The global aquaculture market is expected to rise at a CAGR of 5.10% from 2013 to 2019. In 2013, the market was worth US$135.1 bn and is likely to touch US$195.1 bn by the end of 2019.” Based on the key products, the market was led by the segment of carps owing to the high compatibility they display in tough environment conditions in comparison to other fishes. Region-wise, Asia Pacific excluding China is likely to surface as a lucrative region owing to the growing consumption of sea food in the region. China, on the other hand, is likely to emerge undefeated as it likely to hold over 60% of the total share in the global market for aquaculture by 2018.

Health Benefits to Play Key Role in Market Expansion

Aquaculture is the quickest developing system of food production globally because of the absence of normally accessible assortments of fisheries gathered in indigenous habitats. The expanding familiarity with the medical advantages and nutritious esteem related with fish has quickened its utilization. Oceanic items, particularly cultivated shrimps and salmons, are very nutritious wellsprings of sustenance, comprising of essential proteins, vitamins A, B, D, and Niacin, nd minerals like iodine, phosphorus, iron, and zinc. These nourishments additionally have a huge wellspring of Omega-3 unsaturated fats, for instance, eicosapentaenoic corrosive (EPA). And docosahexaenoic corrosive (DHA). The high nearness of minerals and imperative supplements in fish assume a urgent part in the change of mental health and proliferation. Such nutritive favorable circumstances of aquaculture items have the reliance of individuals on these nourishment sources, bringing about the general development of the market amid the gauge time frame.

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Freshwater Aquaculture to Present Future Lucrative Opportunities

Aquaculture can be led in crisp, saline, or marine water, in light of the expected deliver. Of these, freshwater aquaculture is the main income generator for the worldwide aquaculture market and is probably going to remain the prevailing portion in the coming years. While angle caught from normal waters have constituted most of the worldwide fish market, this has prompted extreme consumption of the fish populace in many parts of the world. This has prompted freshwater aquaculture, which is generally completed in misleadingly arranged tanks and lakes, going up against a vital part in the worldwide aquaculture market.

In any case, the demand for marine species stays high over the world. Since most fish can solely make due in either marine or new water, this has prompted a developing appropriation of aquaculture in marine water. Marine aquaculture is in this way liable to be a main supporter of the worldwide aquaculture market in the coming years.

This review of the market is based on a recent report by Transparency Market Research, titled, “Aquaculture Market (Environment - Marine Water, Freshwater, Brackish Water; Product - Carps, Mollusks, Crustaceans, Salmon, Trout, Milkfish, Mackerel, Sea Bass, Trout, Sea Bream) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019.”

Global aquaculture market is segmented as:

Aquaculture Market: Culture Environment Segment Analysis

• Freshwater
• Marine water
• Brackish water

Aquaculture Market: Product Segment Analysis

• Carps
• Mollusks
• Crustaceans
• Salmon
• Milkfish
• Trout
• Mackerel
• Sea Bream
• Sea Bass
• Others (Catfish and turbot)

Aquaculture Market Driven by Rising Awareness Regarding the Health Benefits of Consumption of Fish

Aquaculture can be conducted in fresh, brackish, or marine water, based on the intended produce. Of these, freshwater aquaculture is the leading revenue generator for the global aquaculture market and is likely to remain the dominant segment in the coming years. While fish captured from natural waters have constituted the majority of the global fish market, this has led to severe depletion of the fish population in many parts of the world. This has led to freshwater aquaculture, which is usually carried out in artificially prepared tanks and ponds, taking on an important role in the global aquaculture market.

The global aquaculture market has been carefully studied in the report, using the latest research tools and methodologies. The structure, scope, and dynamics of the overall market have been discussed at length, also highlighting the various drivers and restraints impacting the growth of the aquaculture market.

The report segments the aquaculture market based on product, culture environment, and region. By culture environment, the market is segregated into marine water, freshwater, and brackish water. On the basis of product, the aquaculture market is classified into mollusks, salmon, trout, sea bream, carps, crustaceans, milkfish, mackerel, sea bass, and others such as turbot and catfish. By region, the global aquaculture market comprises Europe, North America, China, Asia Pacific excluding China, and Rest of the World.

Overview of the Aquaculture Market

In 2012, the global aquaculture market was reportedly valued at US$135.1 bn. Expanding at a modest CAGR of 5.10% from 2013 to 2019, the aquaculture market is anticipated to reach a value of US$195.1 bn by the end of 2019. This growth can be attributed to the rapidly declining volume of captured fish in the global reserves that has been driving aquaculture activities around the world.

The growing awareness regarding the health benefits of fish and the surge in fish consumption are also fueling the aquaculture market. While rice and fish farming presents several lucrative options for players within the aquaculture market, adverse climatic conditions have played spoilsport in the growth of the global market.

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While the current share of aquaculture in the global fisheries industry is less as compared to capture fisheries, the gap is projected to be overcome at a rapid pace and the market for aquaculture is expected to surpass the market for capture fisheries and become the prime source of consumption by 2015.The report segments the global aquaculture market based on three criteria: product type, culture environment, and geography. On the basis of product type, the market is segmented into carps, mollusks, crustaceans, milkfish, salmon, sea bass, sea bream, mackerel, trout, and others. The types of culture environments studied in the report include brackish water, marine water, and fresh water. On the basis of geography, the market is segmented into North America, Asia Pacific (excluding China), China, Rest of the World (RoW), and Europe.

Of the types of culture environments studied in the report, the market for freshwater aquaculture held over 60% of the overall market in 2012. Of the key product types studied in the report, the market for carps led the overall market owing to their higher compatibility to tough environmental conditions as compared to other fishes. The market segments of clams, mollusks, and mussels are expected to expand at the fastest pace over the report’s forecast period.Geographically, China exhibited a clear dominance on the global aquaculture market in 2012, accounting for over 60% of the market. Apart from being the largest market segment, the report projects that China will also be the fastest developing market segment over the report’s forecast period owing to factors such as easy availability of cheap labor and natural reserves and resources.

Companies Mentioned in the Report

With the help of detailed business profiles of the some of the leading vendors in the market and an analysis of recent developments observed in the global aquaculture market, the report presents a detailed overview of the competitive landscape of the market. Some of the companies whose business profiles are included in the report are Asmak, Blue Ridge Aquaculture, Cooke Aquaculture Inc., Cermaq ASA, Eastern Fish Co., Marine Harvest ASA, Huon Aquaculture Group Pty Ltd., Promarisco, Nireus Aquaculture S.A., Stolt Sea Farm, Selonda Aqauculture S.A., Stehr Group Pty Ltd., Thai Union Frozen Products Public Company Ltd., and Tassal Group Ltd.

Aquaculture Market, by Culture Environment

• Freshwater
• Marine water
• Brackish water

Aquaculture Market, by Product

• Carps
• Mollusks
• Crustaceans
• Salmon
• Milkfish
• Trout
• Mackerel
• Sea Bream
• Sea Bass
• Others (Catfish and turbot)

Aquaculture Market is Driven by Rising Awareness about Health Benefits of Consuming Fish & Fish Products Among Cosumers

Global Aquaculture Market: Snapshot

Aquaculture comprises farming various types of seafood, including fishes and shrimp, oysters, and other mollusks. The aquaculture industry has received a significant boost in recent years from the rising awareness among consumers about the health benefits of consuming fish and fish products. This is likely to remain a promising driver for the aquaculture industry in the coming years, as fish consumption is rising even in areas where seafood hasn’t traditionally been a part of the local cuisine.

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Aquaculture accounted for close to 50% of the overall consumption of fish across the world in 2012 and is likely to remain a dominant contributor in the coming years. The growing adoption of poly-culture systems, wherein fish farming and rice farming is carried out in the same field, is a key driver for the global aquaculture market. Since many aquatic animals thrive in the waterlogged fields required in rice plantations, this is likely to be a key feature of the global aquaculture market in the coming years. The steady adoption of such techniques is likely to boost the share of the aquaculture segment in the global fish market in the coming years, with the segment expected to overtake the captured fish segment in the coming years.

The global aquaculture market is expected to reach a valuation of US$195.1 bn by the end of 2019.

Freshwater Aquaculture to Retain Dominance in Global Aquaculture Market

Aquaculture can be conducted in fresh, brackish, or marine water, based on the intended produce. Of these, freshwater aquaculture is the leading revenue generator for the global aquaculture market and is likely to remain the dominant segment in the coming years. While fish captured from natural waters have constituted the majority of the global fish market, this has led to severe depletion of the fish population in many parts of the world. This has led to freshwater aquaculture, which is usually carried out in artificially prepared tanks and ponds, taking on an important role in the global aquaculture market.

However, the demand for marine species remains high across the world. Since most fish can exclusively survive in either marine or fresh water, this has led to a growing adoption of aquaculture in marine water. Marine aquaculture is thus likely to be a leading contributor to the global aquaculture market in the coming years.

By species, carps dominate the global aquaculture market and are expected to account for around a third of the global market by the end of 2018. The robust nature of carps and their ability to readily adapt to imperfect conditions has made them likely to remain the leading product segment of the global aquaculture market in the coming years. In addition, mollusks are expected to become key revenue generators for the global aquaculture market by the end of 2018.

China to Remain the Leader in Global Aquaculture Production

China is the dominant regional aquaculture market and is expected to account for more than 60% of the global aquaculture market by the end of 2018. Asia Pacific (excluding China) is also a leading regional segment of the global aquaculture market due to the widespread presence of conditions highly conducive to aquaculture.

Leading companies in the global aquaculture market include Cermaq ASA, Nireus Aquaculture S.A., Tassal Group Ltd., Cooke Aquaculture Inc., Blue Ridge Aquaculture, and Selonda Aquaculture S.A.

Adverse Climate Changes Threaten Breeding of Salmon, Sardines, and Clams in Aquaculture

The growing awareness about the health benefits offered by the consumption of fish has propelled the growth of the global aquaculture market.The global aquaculture market is anticipated to expand at a CAGR of 5.10% during the period from 2013 to 2019. The overall market stood at a valuation of US$135.1 bn in 2012 and is expected to be worth US$195.1 bn by 2019.

How is China emerging as the fastest growing market for aquaculture?

Since 2012, China has been the dominant region in the global aquaculture market. The presence of natural reserves and easy availability of cheap labour have propelled the growth of the aquaculture market in China. The domestic aquaculture companies in China are looking for partnerships to boost the cultivation and export of fishes. For example, China-based Guangxi Hiseaton Foods has recently established a joint venture in Brunei for the cultivation and export of golden pompano fish.

While the juvenile pompano fish will be brought from China, it will be raised and processed in Brunei. The U.S. and the Middle East are the key export markets for aquaculture products reared in China. Though the economic slowdown in China has hit the domestic aquaculture market, the region is anticipated to lead the overall market in the near future. The lake farmed salmon from the Qinghai region has witnessed an increasing demand and has accounted for over 60% of China’s online seafood market.

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How is climate change impacting the growth of the global aquaculture market?

Climate change due to global warming is expected to significantly impede the growth of the global aquaculture market. A strong El Nino this year has led to the warming of oceans and is expected to negatively impact the production of salmon. Issues of algal bloom and sea lice have surfaced due to ocean warming and are also anticipated to hinder the market’s growth as they restrict the breeding of salmon, sardines, and clams. Furthermore, poor aquaculture practices have added up to the deterioration of the aquaculture farms.

What are the key products driving the demand for aquaculture?

The key products in the global aquaculture market are mollusks, carps, salmon, crustaceans, trout, milkfish, sea bream, mackerel, sea bass, and others including turbot and catfish. As carps display a higher compatibility to tough environmental conditions as compared to other fishes, they drive the demand from the global aquaculture market. However, in the coming years, the demand for mollusks, clams, and mussels is anticipated to rise phenomenally.

The rapidly depleting volume of captured fishes across global reserves is expected to significantly push the growth of the global aquaculture market. The current share of aquaculture in the global fisheries industry is lesser compared to capture fisheries. This gap is projected to be overcome at a fast pace in the near future with the growing focus on aquaculture across the developing economies.

Aquaculture Market to Exhibit Growth a 5.10% CAGR from 2013 to 2019

The report, titled “Aquaculture Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, recently published by the market research company Transparency Market Research presents a professional analysis of the global aquaculture market. The report forecasts the state of the market over the period between 2013 and 2019 on a global as well as regional level on the basis of revenue and volume.

The report states that the global aquaculture market, which had a valuation of US$135.1 bn in 2012, will expand at a 5.10% CAGR between 2013 and 2019, and rise to a valuation of US$195.1 bn by 2019. The rapidly depleting volume of captured fish across global reserves is the key factor driving the global aquaculture market. Rising awareness regarding the health benefits of consumption of fish is another factor driving demand for aquaculture fish. However, climatic conditions that do not support the healthy growth of a variety of fish cultures are the key factor restraining the market’s growth to a certain extent.

While the current share of aquaculture in the global fisheries industry is less as compared to capture fisheries, the gap is projected to be overcome at a rapid pace and the market for aquaculture is expected to surpass the market for capture fisheries and become the prime source of consumption by 2015.The report segments the global aquaculture market based on three criteria: product type, culture environment, and geography. On the basis of product type, the market is segmented into carps, mollusks, crustaceans, milkfish, salmon, sea bass, sea bream, mackerel, trout, and others. The types of culture environments studied in the report include brackish water, marine water, and fresh water. On the basis of geography, the market is segmented into North America, Asia Pacific (excluding China), China, Rest of the World (RoW), and Europe.

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Of the types of culture environments studied in the report, the market for freshwater aquaculture held over 60% of the overall market in 2012. Of the key product types studied in the report, the market for carps led the overall market owing to their higher compatibility to tough environmental conditions as compared to other fishes. The market segments of clams, mollusks, and mussels are expected to expand at the fastest pace over the report’s forecast period.Geographically, China exhibited a clear dominance on the global aquaculture market in 2012, accounting for over 60% of the market. Apart from being the largest market segment, the report projects that China will also be the fastest developing market segment over the report’s forecast period owing to factors such as easy availability of cheap labor and natural reserves and resources.

With the help of detailed business profiles of the some of the leading vendors in the market and an analysis of recent developments observed in the global aquaculture market, the report presents a detailed overview of the competitive landscape of the market. Some of the companies whose business profiles are included in the report are Asmak, Blue Ridge Aquaculture, Cooke Aquaculture Inc., Cermaq ASA, Eastern Fish Co., Marine Harvest ASA, Huon Aquaculture Group Pty Ltd., Promarisco, Nireus Aquaculture S.A., Stolt Sea Farm, Selonda Aqauculture S.A., Stehr Group Pty Ltd., Thai Union Frozen Products Public Company Ltd., and Tassal Group Ltd.

Global aquaculture market is segmented as:

Aquaculture Market: Culture Environment Segment Analysis

• Freshwater
• Marine water
• Brackish water

Aquaculture Market: Product Segment Analysis

• Carps
• Mollusks
• Crustaceans
• Salmon
• Milkfish
• Trout
• Mackerel
• Sea Bream
• Sea Bass
• Others (Catfish and turbot)

The report provides a cross-sectional analysis of all the above product segments with respect to the following regions:

• North America
• Europe
• Asia Pacific (excluding China)
• China
• Rest of the World (RoW)

Global Aquaculture Market to Expand with Increasing Consumption of Fish as Food for Health Benefits

According to a recent market study published by Transparency Market Research, the global aquaculture market is poised to rise at a CAGR of 5.10% between 2013 and 2019. This will result in the market’s valuation increasing from US$135.1 bn in 2012 to US$195.1 bn by 2019. The report, titled “Aquaculture Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” is available for sale on the company’s website.

Aquaculture comprises a range of activities such as fish farming, shrimp farming, and oyster farming among others. It could be carried out in brackish water, marine water, or freshwater depending on the needs of the species being bred.

Across the world, the rapid depletion of fish in their natural habitats is the primary factor fueling the growth of the global aquaculture market. This has led the aquaculture market to account for 50% of all fish consumed as food worldwide in 2012. The increasing awareness about the health benefits of fish consumption is also significantly contributing to the market’s growth. However, the deterioration of aquatic ecosystems and unforeseen weather changes are key factors restraining the market’s growth.

The rising adoption of poly-culture practices, wherein fish farming is alternated with crop cultivation, will open new opportunities for the market’s growth. This will also help to provide additional food and income to farmers by diversifying farm activities.

Presently, aquaculture accounts for a smaller share than capture fisheries in the global fisheries industry. Nevertheless, aquaculture is expected to surpass the capture fisheries market and become the prime source of fish food in the years to come. As per data released by the Organization of Economic Co-operation Development (OECD), capture fisheries’ output is expected to grow by 5% by 2022. On the other hand, aquaculture is expected to rise by a whopping 35% by the end of 2022.

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By product type, carps, crustaceans, salmon, sea bream, trout, mollusks, milkfish, sea bass, mackerel, and others are the segments of this market. Of these, the carps segment currently leads due to carps’ higher resistance to unfavorable environmental conditions as compared to other aquaculture species. In the coming years, clams, mussels, and mollusks will display the fastest growth rate during the forecast period. This is mainly due to the rising awareness about the health benefits of these fishes. Mollusks will display the fastest growth rate at a CAGR of 2.6% from 2013 to 2019.

On the basis of culture environments, this report divides the market into brackish water, freshwater, and marine water. In 2012, freshwater aquaculture was registered as the largest culture environment segment and held a share of more than 60% in the global market.

Geographically, in 2012, China held a clear lead with a share of more than 60% in the global aquaculture market. In the 2013-2019 period, China will display the fastest growth rate due to the easy availability of labor at low wages and abundance of natural reserves for aquaculture farming.

Global aquaculture market is segmented as:

Aquaculture Market: Culture Environment Segment Analysis

• Freshwater
• Marine water
• Brackish water

Aquaculture Market: Product Segment Analysis

• Carps
• Mollusks
• Crustaceans
• Salmon
• Milkfish
• Trout
• Mackerel
• Sea Bream
• Sea Bass
• Others (Catfish and turbot)

Aquaculture Market: by Region

• North America
• Europe
• Asia Pacific (excluding China)
• China
• Rest of the World (RoW)

Aquaculture Market to Touch US$195.1 bn by 2019

Aquaculture refers to the cultivation of brackish, marine, or fresh water species such as shrimp, fish, and oysters under controlled climatic conditions. Compared to captured fish, the share of aquaculture in the global fisheries industry is considerably small and as a result, efforts are on to increase aquaculture activities around the world.

The global aquaculture market has been carefully studied in the report, using the latest research tools and methodologies. The structure, scope, and dynamics of the overall market have been discussed at length, also highlighting the various drivers and restraints impacting the growth of the aquaculture market.

The report segments the aquaculture market based on product, culture environment, and region. By culture environment, the market is segregated into marine water, freshwater, and brackish water. On the basis of product, the aquaculture market is classified into mollusks, salmon, trout, sea bream, carps, crustaceans, milkfish, mackerel, sea bass, and others such as turbot and catfish. By region, the global aquaculture market comprises Europe, North America, China, Asia Pacific excluding China, and Rest of the World.

Overview of the Aquaculture Market

In 2012, the global aquaculture market was reportedly valued at US$135.1 bn. Expanding at a modest CAGR of 5.10% from 2013 to 2019, the aquaculture market is anticipated to reach a value of US$195.1 bn by the end of 2019. This growth can be attributed to the rapidly declining volume of captured fish in the global reserves that has been driving aquaculture activities around the world.

Request a Brochure of this Report :http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=773

The growing awareness regarding the health benefits of fish and the surge in fish consumption are also fueling the aquaculture market. While rice and fish farming presents several lucrative options for players within the aquaculture market, adverse climatic conditions have played spoilsport in the growth of the global market.

Carps formed the largest product segment in 2012 due to their greater compatibility with rough climatic conditions. Freshwater aquaculture accounted for a share of more than 60% in the aquaculture market in 2012, emerging as the largest culture environment segment. China was the clear leader among other geographical segments with a share of more than 60% in 2012. The aquaculture market in this segment is mainly driven by the easy availability of natural reserves and resources and cheap labor.

Companies Mentioned in the Report

Selonda Aqauculture S.A., Eastern Fish Co., Thai Union Frozen Products Public Company Ltd., Tassal Group Ltd., Cermaq ASA, Nireus Aquaculture SA, Promarisco, Stolt Sea Farm, International Fish Farming Co. - Asmak, Marine Harvest ASA, Stehr Group Pty Ltd., Blue Ridge Aquaculture, Huon Aquaculture Group Pty Ltd., and Cooke Aquaculture Inc. are some of the leading players actively participating in the global aquaculture market. These players are profiled in the report based on company overview, product portfolio, financial performance, business strategies, recent developments, and a SWOT analysis.

Aquaculture Market, by Culture Environment

• Freshwater
• Marine water
• Brackish water

Aquaculture Market, by Product

• Carps
• Mollusks
• Crustaceans
• Salmon
• Milkfish
• Trout
• Mackerel
• Sea Bream
• Sea Bass
• Others (Catfish and turbot)

Aquaculture Market, by Geography

• North America
• Europe
• Asia Pacific (excluding China)
• China
• Rest of the World (RoW)

This report gives you access to decisive data such as:

• Market growth drivers
• Factors limiting market growth
• Current market trends
• Market structure
• Market projections for the coming years

Key highlights of this report

• Overview of key market forces propelling and restraining market growth
• Up-to-date analyses of market trends and technological improvements
• Pin-point analyses of market competition dynamics to offer you a competitive edge
• An analysis of strategies of major competitors
• An array of graphics and SWOT analysis of major industry segments
• Detailed analyses of industry trends
• A well-defined technological growth map with an impact-analysis
• Offers a clear understanding of the competitive landscape and key product segments

Rapidly Depleting Volume of Captured Fish Drives Demand for Aquaculture, Global Market to be worth US$195.1 bn by 2019

The global aquaculture market is experiencing a surge in its overall demand owing to the increase in consumer awareness about health benefits associated with the regular consumption of fish or sea-food. Aquaculture is the collective name given to different kinds of marine farming that includes shrimp farming, oyster farming, and fish farming. At present the global market for aquaculture has a smaller share compared to the captured fish market in the fisheries industry. But according to the Organization of Economic Co-operation Development (OECD), the market share for aquaculture is expected to grow exponentially and increase by 35% by the end of 2022. The market for capture fisheries, on the other hand, is expected to rise by 5% during the same period. Additionally, market experts are foreseeing great potential for the aquaculture market in the future.

The aquaculture market is expected to surpass the market for capture fisheries and emerge as the main source of human seafood consumption before the end of 2015. A recent report published on the global aquaculture market reveals that the market, valued at US$135.10 billion in 2012, is expected to be worth US$195.15 billion by the end of 2019, registering growth at a CAGR of 5.1%. In terms of volume, the production of aquaculture fish and seafood is expected to grow at a CAGR of 2.3% between 2013 and 2019.

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Depleting Volume of Captured Fish to Drive the Aquaculture Market

There are several factors attributing to the growth of this rather new and unconventional method of breeding fish. First of all, there has been a tangible shift in consumer preference in terms of the food they consume. They have become increasingly aware of the health benefits associated with fish consumption, which has emerged as one of the primary factors driving the global aquaculture production. Additionally, the reduction in volume of captured fish will significantly boost the production in the aquaculture market in the next few years. Factors such as the surge of disposable income and increasing urbanization are also expected to boost the levels of aquaculture production.

Vulnerability to Adverse Climate Might Surface as Bottleneck

Despite registering impressive growth stats, the market for aquaculture is not free from its share of restraints. The vulnerability to adverse climate conditions might hamper its production activities. Disease management and feed supply might also emerge as serious concerns for the market to focus on. However, adoption of contemporary poly-culture systems such as fish farming and rice is anticipated to provide considerable opportunities for the growth of the global aquaculture market. Poly-culture systems will diversify farm activities, which will correspondingly provide additional food and income for the market.

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Farming of Carps and Mollusks to Dominate the Global Aquaculture Market

In the year 2012, carps emerged as the leading product segment in the global aquaculture market, accounting for over 35% of the market share. This fish species is highly compatible even to less favorable environment conditions, owing to which it dominated the aquaculture production in 2012. Moreover, the increasing use of contemporary poly-culture systems such as fish farming in conjunction with rice planting has further contributed to the increase in production.

Consumers across the globe are becoming increasingly aware of the health benefits associated with consumption of mollusks, particularly clams and mussels. Additionally, mollusks filter nutrients, contaminants, and sediments, which helps maintain the water quality of natural water bodies. Such factors have contributed significantly to the growth of mollusk production globally.

Asia Pacific to Dominate the Global Aquaculture Market

The global market for aquaculture is dominated by Asia Pacific due to the presence of favorable environment conditions for practicing aquaculture in the region. In 2012, China alone accounted for 60% of the global aquaculture production. Other developing economies in Asia Pacific emerged as the second largest contributor to the global aquaculture market during the same year. China is expected to continue its run as the undisputed leader in the global aquaculture market owing to its ideal climatic conditions and easy availability of cheap labor and resources.

Leading Aquaculture Manufacturers

The presence of several manufacturers has made the global aquaculture market fragmented and very competitive by nature. It is presently dominated by companies such as Cermaq ASA, Tassal Group Ltd, Selonda Aquaculture S.A., Aquaculture Inc., Aquaculture S.A., Blue Ridge Aquaculture, and Cooke Nireus among others.

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