Aquaculture Market to Exhibit Growth a 5.10% CAGR from 2013 to 2019

2024-11-07 07:24:32 Lifestyle

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Aquaculture refers to the cultivation of brackish, marine, or fresh water species such as shrimp, fish, and oysters under controlled climatic conditions. Compared to captured fish, the share of aquaculture in the global fisheries industry is considerably small and as a result, efforts are on to increase aquaculture activities around the world.

The global aquaculture market has been carefully studied in the report, using the latest research tools and methodologies. The structure, scope, and dynamics of the overall market have been discussed at length, also highlighting the various drivers and restraints impacting the growth of the aquaculture market.

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The report segments the aquaculture market based on product, culture environment, and region. By culture environment, the market is segregated into marine water, freshwater, and brackish water. On the basis of product, the aquaculture market is classified into mollusks, salmon, trout, sea bream, carps, crustaceans, milkfish, mackerel, sea bass, and others such as turbot and catfish. By region, the global aquaculture market comprises Europe, North America, China, Asia Pacific excluding China, and Rest of the World.

Overview of the Aquaculture Market

In 2012, the global aquaculture market was reportedly valued at US$135.1 bn. Expanding at a modest CAGR of 5.10% from 2013 to 2019, the aquaculture market is anticipated to reach a value of US$195.1 bn by the end of 2019. This growth can be attributed to the rapidly declining volume of captured fish in the global reserves that has been driving aquaculture activities around the world.

The growing awareness regarding the health benefits of fish and the surge in fish consumption are also fueling the aquaculture market. While rice and fish farming presents several lucrative options for players within the aquaculture market, adverse climatic conditions have played spoilsport in the growth of the global market.

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Carps formed the largest product segment in 2012 due to their greater compatibility with rough climatic conditions. Freshwater aquaculture accounted for a share of more than 60% in the aquaculture market in 2012, emerging as the largest culture environment segment. China was the clear leader among other geographical segments with a share of more than 60% in 2012. The aquaculture market in this segment is mainly driven by the easy availability of natural reserves and resources and cheap labor.

Companies Mentioned in the Report

Selonda Aqauculture S.A., Eastern Fish Co., Thai Union Frozen Products Public Company Ltd., Tassal Group Ltd., Cermaq ASA, Nireus Aquaculture SA, Promarisco, Stolt Sea Farm, International Fish Farming Co. - Asmak, Marine Harvest ASA, Stehr Group Pty Ltd., Blue Ridge Aquaculture, Huon Aquaculture Group Pty Ltd., and Cooke Aquaculture Inc. are some of the leading players actively participating in the global aquaculture market. These players are profiled in the report based on company overview, product portfolio, financial performance, business strategies, recent developments, and a SWOT analysis.

Aquaculture Market, by Culture Environment
Freshwater
Marine water
Brackish water

Aquaculture Market, by Product
Carps
Mollusks
Crustaceans
Salmon
Milkfish
Trout
Mackerel
Sea Bream
Sea Bass
Others (Catfish and turbot)

Aquaculture Market, by Geography
North America
Europe
Asia Pacific (excluding China)
China
Rest of the World (RoW)

This report gives you access to decisive data such as:
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for the coming years

Key highlights of this report
Overview of key market forces propelling and restraining market growth
Up-to-date analyses of market trends and technological improvements
Pin-point analyses of market competition dynamics to offer you a competitive edge
An analysis of strategies of major competitors
An array of graphics and SWOT analysis of major industry segments
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis
Offers a clear understanding of the competitive landscape and key product segments