Aquaculture is the breeding, rearing, and harvesting of fish, shellfish, algae, and other organisms in all types of water environments. There are two main types of aquacultures, marine, and freshwater. Several factors are majorly impacting the growth of the global Aquaculture market, including rising consumption of fish for its nutritional value, the increasing trend of smart fishing, and the growth in the seafood trade.
Furthermore, the growth of the aquaculture market can be attributed to changes in the food consumption pattern of people all around the world. In addition to this, the expansion of the retail market and easy availability of the product through various sales channels make it convenient for consumers to purchase packaged aquaculture. This factor is contributing more to boost the sales figures. At present time, aquaculture is an absolute necessity to meet food demand and supply. This industry provides high-quality and disease-free fish by rearing fish in an environment that meets hygiene standards. As well, aquaculture activity is also used by industries to conserve species that are on the edge of extinction. All these aforementioned factors are majorly beneficial for the expansion of the global Aquaculture market.
However, the rise in the adoption of veganism and stringent law implemented against animal cruelty act as the major restraints of the global Aquaculture market. Besides this, the rise in popularity of protein-rich diet is projected to open new ways for the global Aquaculture market.
Covid-19 Impact on Aquaculture Market
A pandemic such as COVID-19 has not only affected the smooth operations of food supply chains but also resulted in food insecurity conditions in several nations. Manufacturers working in the sector are facing challenges in regards to operations, supply chain, training, safety, emergency responses, awareness, incident management, recreating business models, digitalization, and other unanticipated impacts. Alcohol, a major component in the beverage industry is facing a devastating effect of a pandemic. Around 13% to 15% of the craft beer sector in the world is in the process of shutting up shop, and the wine industry is in severe distress. Besides, shortage of raw materials caused to shut down of many small to medium food processing companies around the world
Aquaculture Market Segment Overview
According to Environment, the Fresh Water segment has the largest share of the global Aquaculture market. The growth can be attributed to the rapid expansion of aquaculture as a viable alternative to wild fishing. As well, the Marine Water segment has also significant growth in the market. Based on Fish Type, the Crustaceans is the largest segment in the market. Production of crustaceans through aquaculture will grow higher, as the industry moves toward digital transformation for strategic improvements in supply planning, purchases, and sales, meanwhile improving real-time business and enhancing profits.
Aquaculture Market, By Environment
· Marine Water
· Fresh Water
· Brackish Water
Aquaculture Market, By Fish Type
· Carps
· Mollusks
· Crustaceans
· Mackerels
· Sea bream
· Others
Aquaculture Market Regional Overview
In terms of geography, Asia Pacific accounted for the largest share in the global Aquaculture market. This can be mainly attributed to the growing demand for advanced and latest aquaculture products, which help in producing quality output with available land for aquafarming and improve the efficiency of aquaculture operations. Additionally, aquaculture sectors in countries such as China, India, Indonesia, and Thailand are export-oriented and the aquafarming sector has major importance in these countries. Therefore, market players are focusing on technology adoption and automation which is anticipated to have a positive impact on the market in this region.
Aquaculture Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Aquaculture Market Competitor overview
Some key developments and strategies adopted by manufacturers in Aquaculture are highlighted below.
· In July 2021, Skylo, the end-to-end narrowband IoT solution provider, has partnered with India’s National Federation of Fishers Cooperatives Ltd (FISHCOPFED). The advanced solutions provided by Skylo include two-way messaging, SOS alerts, harvest reporting and sensor integration for capturing different water quality parameters that allowing fish farmers to make more informed and immediate decisions.
· In August 2021, JBS SA is set to move deeper into the animal protein market with the announcement it plans to acquire 100% of Huon Aquaculture, Australia’s second-largest salmon producer.
Aquaculture Market, Key Players
· MOWI ASA
· Nippon Suisan Kaisha Ltd
· Austevoll Seafood ASA
· SalMar ASA
· Cooke Aquaculture, Inc.
· Norway Royal Salmon ASA
· Tassal Group Ltd
· Campania Pesquera
· Multiexport Foods SA
· Camanchaca SA
· Dainichi Corporation
· P/F Bakkafrost
· Stoly Sea Farm SA
· Nireus SA
· Tongwei Group Co., Ltd.
· Kyokuyo Co., Ltd.
· Thai Union Group PCL
· Surapon Foods Public Company Limited
· Maruha Nichiro Corporation
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Aquaculture Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Environment
- 5.2.1. Marine Water
- 5.2.2. Fresh Water
- 5.2.3. Brackish Water
- 5.3. Market Analysis, Insights and Forecast – By Fish Type
- 5.3.1. Carps
- 5.3.2. Mollusks
- 5.3.3. Crustaceans
- 5.3.4. Mackerels
- 5.3.5. Sea bream
- 5.3.6. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Aquaculture Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Environment
- 6.2.1. Marine Water
- 6.2.2. Fresh Water
- 6.2.3. Brackish Water
- 6.3. Market Analysis, Insights and Forecast – By Fish Type
- 6.3.1. Carps
- 6.3.2. Mollusks
- 6.3.3. Crustaceans
- 6.3.4. Mackerels
- 6.3.5. Sea bream
- 6.3.6. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Aquaculture Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Environment
- 7.2.1. Marine Water
- 7.2.2. Fresh Water
- 7.2.3. Brackish Water
- 7.3. Market Analysis, Insights and Forecast – By Fish Type
- 7.3.1. Carps
- 7.3.2. Mollusks
- 7.3.3. Crustaceans
- 7.3.4. Mackerels
- 7.3.5. Sea bream
- 7.3.6. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Aquaculture Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Environment
- 8.2.1. Marine Water
- 8.2.2. Fresh Water
- 8.2.3. Brackish Water
- 8.3. Market Analysis, Insights and Forecast – By Fish Type
- 8.3.1. Carps
- 8.3.2. Mollusks
- 8.3.3. Crustaceans
- 8.3.4. Mackerels
- 8.3.5. Sea bream
- 8.3.6. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Aquaculture Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Environment
- 9.2.1. Marine Water
- 9.2.2. Fresh Water
- 9.2.3. Brackish Water
- 9.3. Market Analysis, Insights and Forecast – By Fish Type
- 9.3.1. Carps
- 9.3.2. Mollusks
- 9.3.3. Crustaceans
- 9.3.4. Mackerels
- 9.3.5. Sea bream
- 9.3.6. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. MOWI ASA
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Nippon Suisan Kaisha Ltd
- 10.6. Austevoll Seafood ASA
- 10.7. SalMar ASA
- 10.8. Cooke Aquaculture, Inc.
- 10.9. Norway Royal Salmon ASA
- 10.10. Tassal Group Ltd
- 10.11. Campania Pesquera
- 10.12. Multiexport Foods SA
- 10.13. Camanchaca SA
- 10.14. Dainichi Corporation
- 10.15. P/F Bakkafrost
- 10.16. Stoly Sea Farm SA
- 10.17. Nireus SA
- 10.18. Tongwei Group Co., Ltd.
- 10.19. Kyokuyo Co., Ltd.
- 10.20. Thai Union Group PCL
- 10.21. Surapon Foods Public Company Limited
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
