Aquaculture Market 2021-26: Outlook, Demand, Keyplayer Analysis and Opportunity

According to the latest report by IMARC Group, titled, “Aquaculture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, the global aquaculture market reached a value of around US$ 233.4 Billion in 2020. Looking forward, the market expects to grow at a CAGR of 5.7% during 2021-2026.

Aquaculture or aqua-farming refers to the cultivation of fishes, mollusks, crustaceans and other aquatic species in a controlled environment. It involves rearing, breeding, and harvesting of aquatic organisms in diverse types of water environments, including freshwater, marine water, and brackish water. The expanding aquaculture sector is primarily driven by the growing consumption of fishes, shrimps, lobsters, crabs, mollusks, etc., across the globe. These aquatic food products experience a high demand based on numerous associated health benefits, such as the reduced risk of cardiovascular diseases, enhanced metabolism, improved digestion, proper bone development, etc.

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Market Trends

Numerous aquaculture practices are adopted for gaining control over the quality of water and maintaining familiarity to improve the overall production capacity of aquatic food products. In recent times, there is a changing consumer inclination from high-calorie food items towards a protein-rich diet that includes a wide range of aquatic food products. In line with this, the rising consumer awareness towards the high content of magnesium, phosphorous, omega-3 fatty acids, protein, low-saturated fat, vitamin B6, etc., present in various seafood products is also propelling the market growth. Furthermore, the growing demand for processed, canned, and frozen seafood items based on the hectic work schedules and sedentary lifestyles of the consumers is also augmenting the demand for aquaculture practices.

Competitive Landscape with Key Player:

  • Aquaculture of Texas Inc.
  • Aquaculture Systems Technologies LLC
  • Aquafarm Equipment AS
  • Cermaq ASA
  • Cooke Aquaculture Inc.
  • CPI Equipment Inc.
  • Frea Aquaculture Solutions
  • Grupo Farallon Aquaculture
  • Huon Aquaculture Group Pty Ltd.
  • International Fish Farming Co. – Asmak
  • Leroy Sea Food Group
  • Nireus Aquaculture S.A
  • Selonda Aquaculture S.A. (Andromeda Seafood Limited)
  • Stehr Group Pty Ltd.
  • Stolt-Nielsen Limited (Fiducia Ltd.)
  • Tassal Group Limited
  • Thai Union Group Plc.

Global Aquaculture Market Segmentation

Breakup by Fish Type:

  • Freshwater Fish
  • Molluscs
  • Crustaceans
  • Others

Breakup by Environment:

  • Fresh Water
  • Marine Water
  • Brackish Water

Breakup by Distribution Channel:

  • Traditional Retail
  • Supermarkets and Hypermarkets
  • Specialized Retailers
  • Online Stores
  • Others

Breakup by Region:

  • Asia PacificChina
    Indonesia
    India
    Vietnam
    Philippines
    South Korea
    Japan
    Thailand
    Malaysia
    Australia
    Others
  • Latin AmericaChile
    Brazil
    Ecuador
    Mexico
    Others
  • Europe Norway
    Spain
    Russia
    United Kingdom
    France
    Italy
    Greece
    Netherlands
    Ireland
    Denmark
    Germany
    Others
  • Middle East and Africa
  • Egypt
    Turkey
    Saudi Arabia
    Others
  • North America

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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