Aquaculture Market by Product, Environment, Culture, and Geography - Forecast and Analysis 2020-2024
- Published: Mar 2020
- Pages: 120
- SKU: IRTNTR41325
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The aquaculture market size has the potential to grow by USD 48.88 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by product (freshwater fish market, crustacean market, mollusks market, diadromous fish market, and others), environment (freshwater aquaculture market, marine water aquaculture market, and brackish water aquaculture market), culture (net pen culture market, floating-cage culture market, pond culture market, rice-field culture market), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape. It offers information on several market vendors, including Blue Ridge Aquaculture Inc., Cooke Aquaculture Inc., Eastern Fish Co., Huon Aquaculture Group Ltd., Mitsubishi Corp., Mowi ASA, NIREUS AQUACULTURE SA, Norway Royal Salmon ASA, Stolt-Nielsen Ltd., and Tassal Group Ltd.
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Market Competitive Analysis
The market is fragmented, with the presence of multiple established players. The key players are competing based on factors such as price, quality, brand, and variety. Mowi ASA, NIREUS AQUACULTURE SA, Norway Royal Salmon ASA, Stolt-Nielsen Ltd., and Tassal Group Ltd. are some of the major market participants. Although the awareness about the nutrition content of aquaculture products will offer immense growth opportunities, the increased prevalence of pathogenic diseases among aquaculture species will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this aquaculture market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this aquaculture market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Blue Ridge Aquaculture Inc.
- Cooke Aquaculture, Inc.
- Eastern Fish Co.
- Huon Aquaculture Group Ltd.
- Mitsubishi Corp.
- Mowi ASA
- NIREUS AQUACULTURE SA
- Norway Royal Salmon ASA
- Stolt-Nielsen Ltd.
- Tassal Group Ltd.
Aquaculture Market: Segmentation by Region
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APAC was the largest aquaculture market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Economic labor and strong government support and the development of viable commercial farming practices will significantly drive the aquaculture market growth in this region over the forecast period.
Almost 70% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for aquaculture in APAC. Market growth in this region will be slower than the growth of the market in North America, Europe, and South America.
Aquaculture Market: Segmentation by Product
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Conservation efforts of freshwater fish species in their natural habitats are driving aquaculture market growth by the freshwater fish segment.
The aquaculture market share growth by the freshwater fish market will be slower than the growth of the market by the crustacean market and the others segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the aquaculture market size.
Aquaculture Market: Key Drivers and Trends
The growing awareness about the nutrition content of aquaculture products is one of the key factors fueling the market growth. With the increasing deficiency of micronutrients, individuals, especially women and children, have the need to add nutrient-dense foods to their daily diet. The consumption of aquaculture products that are rich in nutrients prevents and alleviates a plethora of diseases while playing a key role in brain development and reproduction. Such advantages will drive the demand for aquaculture products such as shrimps and salmon, fueling aquaculture market growth.
With the growing health and environmental concerns, vendors in the aquaculture industry are focusing on introducing organic aquaculture. The proliferation of organic aquaculture is concentrated predominantly in economies, including Indonesia and China. For instance, Indonesia has over 1,300 hectares of organically managed area. Consequently, companies in the aquaculture business are also undertaking polyculture practices in farming methods of organic aquaculture. The increased preference for organic aquaculture, one of the major aquaculture market trends, will have a significant influence on the growth of the market. As a result of such factors, the market will register a CAGR of almost 5% during the forecast period.
Aquaculture Market: Key Highlights of the Report for the Forecast Period 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive aquaculture market growth during the next five years
- Precise estimation of the aquaculture market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the aquaculture industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of aquaculture market vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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