What is the global market size of Aquaculture Market?

Global Aquaculture Market size was valued at USD 263.9 billion in 2021 and is poised to grow from USD 278.07 billion in 2022 to USD 422.56 billion by 2030, growing at a CAGR of 5.37% in the forecast period (2023-2030).

Who are the key vendors in the Global Aquaculture Market?

The global Aquaculture Market is fragmented and highly competitive. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share. 'Marine Harvest ASA (now known as Mowi ASA)', 'Cermaq Group AS (a subsidiary of Mitsubishi Corporation)', 'Cooke Aquaculture Inc.', 'Nippon Suisan Kaisha, Ltd. (Nissui)', 'Thai Union Group PCL', 'Lerøy Seafood Group ASA', 'Austevoll Seafood ASA', 'SalMar ASA', 'Huon Aquaculture Group Limited', 'Marine Harvest Canada (a subsidiary of Mowi ASA)', 'Grieg Seafood ASA', 'Tassal Group Limited', 'Scottish Salmon Company PLC', 'Blue Ridge Aquaculture, Inc.', 'East Coast Seafood Group', 'Atlantic Sapphire AS', 'Billund Aquaculture A/S', 'The Waterbase Limited', 'BioMar Group', 'Selonda Aquaculture S.A.'

Aquaculture Market Size, Share, Growth Analysis, By Environment (Marine water, Freshwater), By Fish Type (Normal Semen, Sexed Semen), By Region -Industry Forecast 2024-2031.

Report ID: SQMIG30H2089 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 75 | Figures: 75

Aquaculture Market News

In November 2019, Van Cleve Seafood Co. launched a new plant-based seafood category to offer conventional seafood as well as tasty plant-based items to US customers.

In April 2019, Atlantic Sea Farms announced the launch of new products in the United States, including Sea-chi, seaweed kimchi, a fermented seaweed salad, and sea-beet kraut, to meet the country's desire for aquatic products.

In August 2018, AKVA Group established a flexible feeding feed conveyor design that would enable farmers to transport and feed silos to any cage, making it simpler to employ various feed types and sizes.

In June 2018, AKVA Group agreed to acquire Egersund Net AS (Norway) in order to extend its product offering.

Aquaculture Market Report Snapshots

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Global Aquaculture Market size was valued at USD 280 billion in 2022 and is poised to grow from USD 294.56 billion in 2023 to USD 441.88 billion by 2031, growing at a CAGR of 5.20% during the forecast period (2024-2031).

The global Aquaculture Market is fragmented and highly competitive. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share. 'Alpha Group Ltd', 'Marine Harvest Asa', 'Tassal Group Limited', 'Nireus S.A. Ltd.', 'Cooke Aquaculture', 'Aquaculture Technologies Asia Limited', 'SalMar ASA', 'Leroy Seafood Group Asa', 'Norway Royal Samson ASA', 'P/F Bakkafrost', 'Cermaq Group As', 'Nippon Suisan Kaisha Ltd.', 'Charoen Pokphand Foods', 'Mowi ASA', 'Grieg Seafood ASA', 'Leroy Seafood Group', 'Bakkafrost', 'AquaBounty Technologies', 'Benchmark Holdings', 'Hendrix Genetics'

People have less time to prepare meals at home as the number of people working has risen. As a result, over time, more and more people are eating and drinking outside the home. More people are including meat and seafood in their diets as a result of the rising popularity of high-protein diets. This has raised the demand for various kinds of meats and seafood in full-service restaurants, quick-service restaurants, and other food service forms, along with the growth in out-of-home food consumption. So boosting the aquaculture market. Aquaculture manufacturing systems are improved by ongoing research and development, which also increases production effectiveness, improves the quality of consumer products, and makes the industry more sustainable.

One of the main factors fueling the market's expansion is the increased demand for seafood and the expansion of aquaculture. The market is expanding as a result of the rising demand for fish oil across numerous industries, including food and beverage, medicines, and nutraceuticals. Fish breeders are becoming more and more conscious of the advantages of implementing effective aquaculture procedures in order to sustain overall biological productivity and exert control over water quality. They are also adopting high-tech tools to manage facility operations, monitor the water, and study fish behavior. In line with this, there are also extensive research and development (R&D) activities such as genetic improvement of finfish species, control of fish reproduction, chromosomal manipulation, and monitoring of parasitic diseases in coastal and open ocean aquatics. The market is expected to get more boosts.

Asia Pacific holds the largest market share in 2021. The need for aquaculture firms in the Asia-Pacific region is fueled by reasons including societal norms including traditional fish consumption patterns, economic growth, and population growth. The profitability of aquaculture has increased as a result of the amount of effective technology currently available, and this trend is expected to continue as the aquaculture market expands. Fish farming is viable in a number of developing countries in the Asia-Pacific region due to their abundant water resources. Fish farming is rapidly expanding in nations like Vietnam, China, and Indonesia as a result of rising per capita disposable income, an increase in aquaculture titans' interest due to low labor costs, and supportive government policies.

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Aquaculture Market Size, Share, Growth Analysis, By Environment (Marine water, Freshwater), By Fish Type (Normal Semen, Sexed Semen), By Region -Industry Forecast 2024-2031.

Aquaculture Market News

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