Aquaculture Market Revenue Size, Trends And Factors, Regional Share Analysis & Forecast Till 2028 | The Insight Partners

According to our latest market study on "Aquaculture Market to 2027 - Global Analysis and Forecasts By Species (Aquatic Plants, Fish, Crustaceans, Molluscs, and Others), Nature (Land based and Offshore), Culture Environment (Fresh water, Brackish water, and Marine), and Geography," The global Aquaculture market reached a value of US$ 264,470.0 Mn in 2018. Looking forward, the global aquaculture market to reach a value of US$ 509,743.0 Mn by 2027, exhibiting a CAGR of 7.7% during 2021-2027.

The Asia Pacific region held the largest market share in the global aquaculture market. The production and consumption rate of seafood is expanding rapidly with China and India being the major markets for the aquaculture industry. The Asia Pacific has evolved as the largest consumers and exporter of aquaculture products. Fisheries and aquaculture production highly contributor to national economies across the Asia-Pacific region over the past few years. The Asia Pacific market is characterized by the presence of players such as Bakkafrost, Cermaq Group AS, Farallon Aquaculture Group, Lerøy, Mowi ASA, Stolt-Nielsen Limited, and Tassal Group, among others.

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Major vendors in the global Aquaculture Market are Bakkafrost, Blue Ridge Aquaculture, Inc., Cermaq Group AS, Cooke Aquaculture Inc, Danish Salmon A/S, Farallon Aquaculture Group, FIFAX AB, HESY Aquaculture B.V, Lerøy, Mowi ASA, NIRI AS, Selonda Aquaculture SA, Stolt-Nielsen Limited, TASSAL, Thai Union Group PCL

Market Insights:
Implementation of RAS technology provides an opportunity for the aquaculture market growth

Recirculating Aquaculture Systems (RAS) is a technique that reuses the water several times that passes the water through treatment processes to eliminate waste and restore the quality of water. It is a technology that is used for the farming of fishes and other aquatic species by reusing the water for production. The technology is based on the usage of biological and mechanical filters. The advantages such as the control over the pH and carbon dioxide degassing have proven to be beneficial for the growth of the fishes. Thus, the aforementioned benefits associated with the adoption of RAS technology in fish production is driving the global aquaculture market

Application of fish oil in several industries is expected to boost the demand for aquaculture
The high growth in demand for fish oil is generating a need for more fish production, thus, boosting the demand for aquaculture in the near future. Fish oil is largely used as a healthcare, pharmaceutical, and food industry. It is an efficient source of vitamin A and D and is considered the most significant source for human consumption after wild fish. Currently, fish oil accounts for the small percentages of total edible oil production. However, it is expected to increase in the coming years owing to its health benefits. Fish oil is considered as the fastest-growing protein source in a global food supply chain. Also, genetically modified (GM) plant oil is expected to be replaced by fish oil owing to health and nutritional benefits of this oil for human consumption. Thus, in the future, it is necessary to meet the increase in demand for fish oil, which boosts aquaculture market in the coming years.

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GLOBAL AQUACULTURE MARKET SEGMENTATION
By Species
Aquatic plants
Fish
Crustaceans
Molluscs
Others

By Nature
Land based
Offshore

By Culture Environment
Fresh water
Brackish water
Marine

Regional and Country-wise Analysis: Global Aquaculture Market
- North America (U.S., Canada, Mexico)
- Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
- Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
- Latin America (Brazil, Rest of L.A.)
- The Middle East and Africa (Turkey, GCC, Rest of Middle East)

Key points from Table of Content:

1. Introduction
2. Key Takeaways
3. Research Methodology
4. Aquaculture Market Landscape
5. Aquaculture Market - Key Industry Dynamics
6. Aquaculture Market - Global Market Analysis
7. Global Aquaculture Market Analysis – By Species
8. Global Aquaculture Market Analysis – By Nature
9. Global Aquaculture Market Analysis – By Culture Environment
10. Aquaculture Market – Geographical Analysis
11. Industry Landscape
12. Aquaculture Market, Key Company Profiles
13. Appendix

LIST OF TABLES

LIST OF FIGURES

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