5 Major Aquaculture Market Size | COVID-19 Impact Analysis, Segments, Top Key Players, Drivers and Trends to 2025

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

Covid-19 scenario:
• The aquaculture products are majorly depending on the international trade. Therefore, the restrictions on the trade during global lockdown reduce its demand. Moreover, it causes disruptions in supply.
• The sea food processing sector hasalso been impacted negatively due to the decrease in the demand for seafood across the globe during the coronavirus pandemic.

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Rise in fish production to meet food supply, technological advancements in the field of aquaculture, and rise in protein demand from livestock and fisheries across the globe drive the growth of the 5 major aquaculture market. However, rise in temperature and water pollutionhinder the market growth. On the other hand, evolution in inland fishing and use of sustainable technology in aquaculture create new opportunities in the coming years.

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.

Major market players
• Blue Ridge Aquaculture
• Huon Aquaculture Group Pty Ltd.
• Eastern Fish Co.
• RoyMarine Harvest ASA
• ASMAK - International Fish Farming Holding Company
• Promarisco
• Nireus Aquaculture S.A.
• Stehr Group Pty Ltd.

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.

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