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The water treatment for aquaculture market size is estimated to grow at a CAGR of 6.13% between 2022 and 2027. The market size is forecast to increase by USD 4,176.54 million. The growth of the market depends on several factors such as the rising awareness of health benefits related to aquaculture products, the increasing pollution in aquaculture, and the stringent regulations regarding water treatment. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
This water treatment market report extensively covers market segmentation by area (freshwater and marine), technology (open systems and closed systems), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.
Water Treatment Market for Aquaculture Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Aquaculture is the farming of aquatic organisms like fish, crustaceans, mollusks, and aquatic plants. These products are rich in protein, vitamins, minerals, and omega-3 fatty acids, making them a healthy source of food. Due to increasing health consciousness and interest in consuming nutritious foods, the demand for aquaculture products has been steadily increasing. Additionally, the growth of the global population has led to an increased demand for protein-rich foods, which has contributed to the growth of the aquaculture industry. This, in turn, has fueled the demand for water treatment for healthy aquaculture products which may positively influence the water treatment market growth.
Moreover, malnutrition is a global problem, and compared with terrestrial meat products such as poultry, aquatic species offer many benefits to human health. It is well-documented that aquatic animals produce abundant omega-3 fatty acids as a source of dietary lipids and provide low-calorie but high-quality essential proteins. This has led to increased demand for aquatic products, forcing producers to adopt effective water treatment solutions for healthy production. Therefore, the rising awareness of the health benefits associated with aquaculture products is expected to fuel the growth of the global water treatment market for aquaculture during the forecast period.
The increasing use of advanced and intelligent technologies is a major one of the water treatment market trends. New innovations and technological advancements are transforming the water treatment landscape. Smart technologies such as automation, the IoT, and Industry 4.0, have reduced human interventions, which are bringing energy advantages and better asset management capabilities. Such technologies are being deployed at various stages of water treatment, making the related equipment more efficient.
In addition, the deployment of IoT technologies, Industry 4.0, and pump technology will expand operational efficiency, bring a higher return on investment (ROI) for manufacturers, and broaden the application scope of water treatment. The rapid change in technology to enhance productivity and lower operating costs of water treatment for aquaculture will be a significant trend in the water treatment market for aquaculture during the forecast period.
Various operational challenges faced during the installation and operation of such equipment are limiting the growth of the market due to the high cost of water treatment equipment. Rising energy consumption is another challenge faced by aquaculture farmers. Such challenges make aquaculture end-users reluctant as it augments their operating cost and affects the operational efficiency of the treatment facilities. Incorporating water treatment systems, including mechanical, biological, and chemical processes, increases capital costs. Such systems are crucial in lowering waste, excess nutrients, and pathogens from culture water to assure a healthy and sustainable environment for aquaculture species such as fish.
Furthermore, monitoring the optimal water quality needs particular equipment such as water filtration systems. Such systems usually need cutting-edge techniques to maintain and manage factors such as temperature, oxygen, and more which may limit the growth of water treatment for the aquaculture market. Therefore, the high costs associated with the water treatment equipment are anticipated to hinder the growth of the water treatment market for aquaculture during the forecast period.
The market share growth by the freshwater segment will be significant during the forecast period. The freshwater aquaculture environment includes ponds, tanks, and cages in freshwater. Due to the drop in the population of captured fish in oceans and rivers, freshwater aquaculture is growing.
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The freshwater segment was the largest and was valued at USD 8,502.64 million in 2017. Also, the aquaculture industry is characterized by the existence of a broad range of farmers and producers ranging from small-scale operators to large-scale commercial producers. Freshwater ponds and tanks are extensively used to culture fish and other aquaculture products despite constituting a minor percentage of the global water bodies, which in turn boost the demand for water treatment for aquaculture. The culture of freshwater ornamental fish is also expected to rise due to the increase in government support and major export demand, which, in turn, will drive the growth of the freshwater segment, thereby fueling the water treatment market for aquaculture during the forecast period.
In 2022, open systems had the largest market share in the global water treatment market for aquaculture. In a wide variety of environments, including freshwater rivers, brackish estuaries, and coastal marine areas, open systems are used for aquaculture. The major reason that increases the chance of water contamination is that the cultivation of aquaculture species is reliant on freshwater sources such as ponds, lakes, and more, which are open to the atmosphere. However, the culture of multiple shellfish species is carried out in systems open to natural waterways. Therefore, the rising dependence of aquaculture on open systems is anticipated to drive the demand for water treatment, which in turn will boost the growth of the global water treatment market for aquaculture during the forecast period.
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APAC is estimated to contribute 43% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The aquaculture industry in the APAC region comprises various producers of aquatic species. In 2022, China dominated APAC's aquaculture production, accounting for around 70% of the global production of farmed fish, crustaceans, and other aquatic products. Good water quality is crucial for fish health and performance at all stages of production.
Moreover, aquaculture causes turbidity due to suspended fine particles, which can be caused by suspended solids (clay) or plankton. Water treatment can help control the turbidity of pond clay. As the demand for high-quality and nutritious food products like aquaculture products rises in the region, it is expected that the demand for water treatment will increase significantly, which, in turn, will drive the growth of the regional water treatment market for aquaculture during the forecast period.
In 2020, the COVID-19 pandemic had a negative influence on the water treatment market for aquaculture in APAC. However, the large-scale vaccination drives conducted by the governments eased the lockdown restrictions in 2021, and the production of aquaculture products was restored in APAC. In 2022, water treatment for the aquaculture market witnessed significant growth due to the resumption of production activities and international trade of aquaculture products. The demand for aquaculture products is anticipated to grow due to health advantages associated with the consumption of these products, which in turn will drive the growth of the regional water treatment market for aquaculture during the forecast period.
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.
Arvia Water Technologies Ltd - The company offers water treatment products for aquaculture such as Aqua Armor C 100 clarifying agent in powder form which effectively reduces turbidity, and toxicity and improves the water quality.
We also have detailed analyses of the market’s competitive landscape and offer information on 10 market companies, including:
Arvia Water Technologies Ltd, BioFishency Ltd., Blue Ridge Aquaculture Inc, Innovasea Systems Inc., Membrane Group, NaturalShrimp Inc., Pentair plc., Veolia Environnement SA, Xylem Inc., Aditya Birla Management Corp. Pvt. Ltd., and Euroteck Environmental Pvt. Ltd.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The water treatment market report analysis 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.
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Water Treatment Market For Aquaculture Scope |
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Report Coverage |
Details |
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Page number |
144 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.13% |
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Market growth 2023-2027 |
USD 4,176.54 million |
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Market structure |
Concentrated |
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YoY growth 2022-2023(%) |
5.69 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 43% |
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Key countries |
US, China, India, Indonesia, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Arvia Water Technologies Ltd, BioFishency Ltd., Blue Ridge Aquaculture Inc, Innovasea Systems Inc., Membrane Group, NaturalShrimp Inc., Pentair plc., Veolia Environnement SA, Xylem Inc., Aditya Birla Management Corp. Pvt. Ltd., and Euroteck Environmental Pvt. Ltd. |
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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, and Market condition analysis for the forecast period. |
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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. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Area
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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