Press release
Segmentation, Major Trends, and Competitive Overview of the Aquaculture Products Market
Aquaculture Products Market
Forecasted Growth and Size of the Aquaculture Products Market by 2030
The market for aquaculture products is anticipated to grow robustly, reaching a value of $52.05 billion by 2030. This represents a compound annual growth rate (CAGR) of 7.1% over the forecast period. Several factors support this expansion, including a surge in demand for high-quality aquaculture inputs, the growth of intensive and controlled farming systems, and the increasing commercialization of aquatic plant cultivation. Additionally, a stronger emphasis on biosecure aquaculture practices and rising investments in pharmaceuticals for health management are propelling market growth. Trends shaping the market include heightened demand for advanced aquaculture feed and fertilizers, broader adoption of innovative water quality management technologies, expansion in disease prevention and health management solutions, growing use of automated feeding and monitoring tools, and a focused move towards sustainable inputs for both aquatic animals and plants.
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Leading Companies Driving the Aquaculture Products Market
The competitive landscape of the aquaculture products market features several prominent companies making significant contributions. Key players include Xylem Water Solution, Merck Animal Health, Pentair PLC, AKVA Group, Reef Industries Inc., CPI Equipment Inc., ASAKUA, Blue Ridge Aquaculture Inc., Frea Aquaculture Solutions ApS, Tan International, Aquaculture Systems Technologies LLC, luxsol.ru, Aquafarm Equipment AS, AquaTech Dynamics Ltd., HydroPure Solutions, Marinex BioHealth, BlueWave Aeration Systems, OceanGrid Technologies, EcoPond Fertilizers Co., AquaShield Disinfection Products, Neptune Aquatic Engineering, BioMarine Diagnostics, AquaFlow Pumps & Systems, SeaGuard Automation Ltd., and GreenFin Aquatic Supplies.
A notable development occurred in July 2024 when US-based veterinary firm Merck Animal Health acquired Elanco's aqua business for $1.3 billion. This acquisition significantly bolsters Merck's position in the aquaculture sector, enhancing its capacity to innovate and deliver fish health and welfare solutions. Elanco Animal Health Incorporated, also US-based, is known for providing aquaculture products and services tailored to both warm and cold water species.
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Key Factors Positively Influencing the Aquaculture Products Market
Industry leaders are increasingly prioritizing the development of innovative natural mineral-based products that improve water quality, boost fish health, and support sustainable farming methods. These mineral products are essential in enhancing aquatic environments and promoting healthier aquatic species. For example, in January 2024, Indian aquaculture firm Refit Animal Care introduced Ziobind - Zeolite, a natural mineral product designed to transform fish farming practices in India. Ziobind leverages zeolite's natural ability to absorb harmful substances such as ammonia from water, thereby maintaining optimal conditions that reduce fish stress and encourage better growth rates.
How the Aquaculture Products Market Is Structured
This report categorizes the aquaculture products market across several dimensions:
1) By Type: Aquaculture Equipment, Fertilizers, Chemicals, Pharmaceuticals
2) By Production Scale: Small Scale, Medium Scale, Large Scale
3) By Culture Environment: Freshwater, Marine Water, Brackish Water
4) By Application: Aquatic Animals, Aquatic Plants
Further segmentation includes:
- Aquaculture Equipment: Cages and Pens, Feeding Systems, Aerators, Water Circulation Equipment
- Fertilizers: Organic Fertilizers, Inorganic Fertilizers
- Chemicals: Water Treatment Chemicals, Disinfectants, Antifoulants
- Pharmaceuticals: Vaccines, Antibiotics, Parasiticides
Together, these classifications provide a detailed overview of the market's varied components and help identify specific zones of opportunity within the aquaculture products landscape.
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