China - Aquaculture Market by Type, and Production Area - Forecast and Analysis 2023-2027

China - Aquaculture Market Analysis Report 2023-2027

The China - aquaculture Market size is estimated to grow at a CAGR of 3.81% between 2022 and 2027. The market size is forecast to increase by USD 33.15 billion. This aquaculture market report extensively covers market segmentation by type (freshwater aquaculture, marine water aquaculture, and brackish water aquaculture), and production area (medium and large scale, and small scale). It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

An increased presence of better aquaculture strains from different farming methods is the key driver for the growth of the market. The growing demand for seafood and the depletion of wild fish stocks have spurred the development of the aquaculture industry. As consumers become aware of the health benefits of seafood and the need for sustainable food production, they are turning to aquaculture as a reliable source of fish and seafood, leading to increased yields and greater sustainability. Hence, such factors will fuel the growth of the market during the forecast period.

China Aquaculture Market: Overview

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Trends

Growing demand for aquaculture-based value-added products is the primary trend shaping the growth of the market. Chinese consumers are increasingly sophisticated and are looking for convenient, nutritious, and diverse seafood options. The growing demand for value-added products such as processed, packaged and pre-cooked seafood offers convenient, unique flavors and innovative dining experiences. The shift in consumer preferences creates opportunities for aquaculturists and companies to develop and market value-added seafood products.

Furthermore, Chinese consumers are willing to pay high prices for seafood products with outstanding quality, unique taste, and distinct brand image. Value-added products often cost more than traditional seafood products, leading to raised profits for aquaculture businesses. By creating high-value-added products and building recognizable brands, suppliers can capitalize on this demand, which will propel the growth of the market during the forecast period. 

Challenge 

The rising prevalence of pathogenic diseases among aquaculture species is a significant challenge to the growth of the China aquaculture market. Disease outbreaks can lead to major losses in aquaculture production and reduce the profitability of the aquaculture industry. Seafood is vital to the global economy, but marine diseases are reducing their economic value. Infectious diseases in the ocean can reduce the quality, growth, and survival of aquatic life.

Furthermore, estimating the impact of diseases on aquaculture species, especially those living in high seas and semi-tidal zones, is often difficult. Infectious hematopoietic and subcutaneous necrosis virus (IHHNV), yellowhead virus (YHV), Taura syndrome virus (TSV), white spot syndrome virus (WSSV) ) and infectious muscle necrosis virus (IMNV) are viruses harmful to farmed shrimp, which, in turn, hinder the growth of the China aquaculture market during the forecast period. 

China Aquaculture Market Segmentation by Production Area

Medium and large-scale production is the operation of aquaculture facilities of considerable size and capacity, usually operated by professional companies or enterprises. Medium-sized farms benefit from economies of scale, allowing them to produce large quantities of fish and supply local and regional markets. In addition, medium and large producers often have stronger bargaining power when accessing the market. Furthermore, growing demand for aquatic products in domestic and international markets and technological advances, such as automatic feeding systems and water quality monitoring, are expected to boost the growth of the segment in the China - aquaculture market during the forecast period.

Small-scale production refers to the farming of aquatic species on a smaller scale, usually done by individual farmers or local communities. This sector plays an important role in the aquaculture market in China and offers a number of advantages and opportunities. In addition, government initiatives, such as subsidies, training programs, and technical assistance, are also driving the growth of the small-scale aquaculture segment. Growing consumer demand for organic and high-quality seafood, government support through subsidy and training programs, opportunities to penetrate niche markets, and conservation of traditional knowledge and practices are expected to drive the growth of the small-scale aquaculture segment during the forecast period 

China Aquaculture Market Segmentation by Type

The market share growth by the freshwater aquaculture segment will be significant during the forecast period. Freshwater aquaculture is growing, mainly because the number of fish caught in seas and rivers is decreasing. The industry is also characterized by the presence of a wide variety of farmers and producers ranging from small-scale operators to large commercial producers. China is the world's largest producer of freshwater fish, with a wide variety of farmed species. Tilapia, carp, and catfish are some of the popular varieties. The large domestic market ensures a steady demand for these fish, both in raw and processed forms.

The freshwater aquaculture segment was valued at USD 83.65 billion in 2017 and continued to grow until 2021. 

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Due to factors such as rising disposable income and growing health awareness among Chinese consumers, demand for fresh seafood, especially from urban areas, has increased in China. As a result, there is a growing demand for fresh and healthy seafood. Modern aquaculture systems, such as offshore fish farms and shellfish farms, have further fueled the growth of the fresh fish industry, which will drive the growth of the freshwater aquaculture segment during the forecast period.

The marine water aquaculture segment deals with the cultivation of various aquatic species in marine environments such as oceans, seas, and coastal areas. One of the key factors contributing to the growth of the marine water aquaculture segment in China is the abundant marine resources along the country's vast coastline. Another factor contributing to the growth of the segment is the growing demand for seafood in China. As people's incomes increase and consumer preferences shift to healthier diets, demand for seafood products has increased over the past five years. Thus, such factors are expected to drive the growth of the marine water aquaculture segment during the forecast period. 

Key China Aquaculture Market Companies Overview

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

• Key Offering- Zoneco Group Co. Ltd.: The company offers aquaculture and produces sea cucumber, abalone, scallop, salmon, cod, squid, mackerel, shrimp, and other marine prefabricated vegetables.
• Key Offering- PlusVet Qingdao Animal Health: The company offers aquaculture and produces canned aquatic products such as tuna and sardines.
• Key Offering- Shandong Oriental Ocean Group Ltd.: The company offers products through aquaculture such as aquatic seeds, including kelp seedlings, abalone fries and scallop fries, cultured products, including fish and holothurians, processed products, including fish and shrimp, and collagen.

The aquaculture market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

• Baiyang Investment Group Inc.
• China National Agricultural Development Group Co. Ltd.
• Dahu Aquaculture Co. Ltd.
• Guangdong Shunxin Sea Fishery Group Co. Ltd.
• Hainan Qinfu Foods Co. Ltd.
• Homey Group International Inc.
• Liancheng Overseas Fishery Shenzhen Group
• Mowi ASA
• Shanghai Kai Chuang Marine International Co. Ltd.
• Tongwei Group Co. Ltd.
• Zhanjiang Guolian Aquatic Products Co. Ltd.
• Zhejiang Ocean Family Co. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

China Aquaculture Market Customer Landscape

Segment Overview

The aquaculture market report in China forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Type Outlook (USD Billion, 2017 - 2027)
  • Freshwater aquaculture
  • Marine water aquaculture
  • Brackish water aquaculture

• Production Area Outlook (USD Billion, 2017 - 2027)
  • Medium and large scale
  • Small scale

Aquaculture Market Scope in China
Report Coverage	Details
Page number	127
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 3.81%
Market growth 2023-2027	USD 33.15 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	3.51
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Baiyang Investment Group Inc., China National Agricultural Development Group Co. Ltd., Dahu Aquaculture Co. Ltd., Guangdong Shunxin Sea Fishery Group Co. Ltd., Hainan Qinfu Foods Co. Ltd., Homey Group International Inc., Liancheng Overseas Fishery Shenzhen Group, Mowi ASA, PlusVet Qingdao Animal Health, Shandong Oriental Ocean Group Ltd., Shanghai Kai Chuang Marine International Co. Ltd., Tongwei Group Co. Ltd., Zhanjiang Guolian Aquatic Products Co. Ltd., Zhejiang Ocean Family Co. Ltd., and Zoneco Group Co. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Aquaculture Market Report In China?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2023 and 2027
• Precise estimation of the aquaculture market size in China and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across China
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of aquaculture market companies in China

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