Global Aquaculture Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Environment (Brackish Water, Marine Water, Fresh Water), By Product (Mollusks, Crustaceans, Sea Bass, Carps, Salmon, Others), And Geography - Forecasts From 2019 To 2024.

The global aquaculture market was valued at US$176.45 billion in 2017 and is expected to grow at a CAGR of 4.46% to reach a market size of US$219.42 billion by the year 2022.

Aquaculture is the process of farming fish, algae, mollusks, aquatic plants, and other aquatic animals in order to improve production in the form of feeding and regular stocking. Aquaculture incorporates the creation of fish from incubation center fish and shellfish which are developed to market sizes in lakes, tanks, ponds, or raceways. The fish and shellfish are discharged into the wild to reconstruct wild populations or their habitats such as clam reefs.

Market Outlook

The growing concern and awareness about the health benefits and nutritional value associated with seafood surge its consumption. Moreover, rising demand for fish oil in various industries like food, healthcare, pharmaceuticals, and dietary supplements among others further contribute to the market growth significantly. Owing to the lack of naturally available varieties of fisheries harvested in natural environments, aquaculture is gaining popularity globally. Moreover, increasing disposable incomes and increasing urbanization also impact market growth. However, government regulations regarding the trading of seafood can restrain market growth.

Geographic Outlook

Geographically, the APAC region is expected to grow at a high rate owing to the presence of countries that have a major population devouring seafood. Moreover, factors like suitable weather conditions, cheap labor, and abundant natural resources in various countries within the region further drive market growth. 

Research Methodology

Firstly, the report provides a brief introduction to the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used, and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.

Market Dynamics

Next, the section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities that exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations that are determining the market growth, and a brief technological aspect of aquaculture. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.

Market Players

Finally, the competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Cooke Aquaculture, Marine Harvest, Nireus, Tassal, Blue Ridge Aquaculture, Cermaq, and Stolt Sea Farm.

Segmentation

Thirdly, Aquaculture Market has been segmented on the basis of environment, product, and geography as follows:

• By Environment

• Brackish water
• Marine water
• Fresh water

• By Product

• Mollusks
• Crustaceans
• Sea bass
• Carps
• Salmon
• Others

• By Geography

• Americas

• North America
• South America

• Europe Middle East and Africa

• Europe
• The Middle East and Africa

• Asia Pacific