Aquaculture is the process of farming of fish, algae, molluscs, aquatic plants and other aquatic animals in order to improve the production in the form of feeding and regular stocking. Aquaculture incorporates the creation of fish from incubation centre 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 populaces or their habitats such as clam reefs.
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.
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 urbanisation also impact the market growth. However, government regulations regarding trading of seafood can restrain the market growth.
Geographically, APAC region is expected to grow at a high rate owing to the presence of countries which have a major population devouring sea food. Moreover, factors like suitable weather condition, cheap labour and abundant natural resources in various countries within the region further drive the market growth.
Firstly, the report provides a brief introduction of 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.
Next, the section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which 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 which 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.
Thirdly, Aquaculture Market has been segmented on the basis of environment, product and geography as follows:
Europe Middle East and Africa
The Middle East and Africa
Finally, 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.