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5 Major Aquaculture Market in Emerging Economies will witness a CAGR of 4.9% through 2025

02-04-2020 01:45 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

5 Major Aquaculture Market

5 Major Aquaculture Market

5 Major Aquaculture Market by Fish Type (Pompano, Snappers, Salmon, Milkfish, Tuna, Tilapia, Catfish, Seabass, and Others): Opportunity Analysis and Industry Forecast, 2018-2025". According to the report, the global 5 major aquaculture market accounted for $62.5 billion in 2018 and is projected to reach $87.6 billion by 2025, registering a CAGR of 4.9% during the forecast period.

Increase in fish production to meet food supply, technological advancements in the field of aquaculture, and rise in demand from livestock and fisheries have boosted the growth of the global 5 major aquaculture market. However, surge in temperature and water pollution hampers the market growth. On the contrary, evolution in inland fishing and use of more sustainable technology in aquaculture is expected to create lucrative opportunities in the near future.

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The tilapia segment is projected to portray the fastest growth during the forecast period, registering a CAGR of 5.6%. This is due to increased consumption in the U.S. and African. Moreover, it is low in saturated fat, calories, carbohydrates, and sodium content making it a good protein source, which drives the growth of the segment. However, the salmon segment held the largest share in 2018, contributing nearly one-fourth of the global 5 major aquaculture market, owing to increase in demand from the hospitality, QSR food and nutrition sector, and favorable environment for rearing fish due to improved techniques and technology in the catchment area. Moreover, presence of supportive norms and regulation coupled with smooth trade relations across several countries supplemented the market growth.

The market across China held the largest share in 2018, contributing more than two-fifths of the global 5 major aquaculture market, owing to increased import of yellowtail in China and increasing popularity of sushi in the region. Moreover, the region is projected to register the fastest CAGR of 5.3% during the forecast period. The report includes analysis of the market across several other regions such as the U.S., Europe, Russia, and Japan.

Top Key Players: 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, and Thai Union Group Public Company Limited.

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The other major players captured in the value chain include Blue Ridge Aquaculture, Eastern Fish Co., Huon Aquaculture Group Pty Ltd., ASMAK - International Fish Farming Holding Company, RoyMarine Harvest ASA, Nireus Aquaculture S.A., Promarisco, and Stehr Group Pty Ltd.

Key Findings of the 5 major Aquaculture Market:

o The U.S. aquaculture market was valued at $6.6 billion in 2018 and is expected to grow at a CAGR of 4.4% from 2018 to 2025.
o Based on fish type, the salmon segment in the Europe region occupied around one-thirds of the total market in 2018.
o Based on fish type, the others segment that includes craps mackerels, sea bream, and trout occupied a major share of the global 5 major aquaculture market analysis in 2017, in terms of revenue followed by salmon.
o China is expected to grow at a CAGR of 5.3% from 2018 to 2025 and reach the market value of $40.4 billion in 2025.
o Tilapia fish type is expected to witness significant growth of 6.5%, in terms of revenue in China, during the 5 major aquaculture market forecast period.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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