The global aquaculture market size
was 69,230.0 kilo tons in 2013. Rising awareness among consumers pertaining to
various health benefits offered by seafood is expected to drive global market
demand over the forecast period.
Increased deep sea
fishing activities globally have resulted in limited availability of fresh fish
thus fuelling demand for cultured varieties. The market has witnessed growth
due to urbanization and increasing disposable income of w
Rice-fish culture
includes fish farming in rice fields and proves beneficial for both, thus
opening new avenues for market growth. Fish are provided with a safe living
environment in these dense rice plants and simultaneously, protect rice
saplings from insects while circulating oxygen around.
Fresh water was the
largest culture environment accounting for 60% of total production in 2012.
Limitation of actual surroundings in ponds, cages and concrete raceways has
resulted in increasing fish farming activities fresh water. Higher acceptance
among consumers owing to favorable breeding environment is expected to propel
demand for fresh water aquaculture over the forecast period.
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Due to rising consumer
demand for sea water fish, marine water-based aquaculture market is projected
to grow at a CAGR of 2.2% by 2020. Rack & line farming along with sea
ranching and intensive aquaculture are methods which are being implemented
depending upon the type of fish or shellfish.
Carp dominated the
global aquaculture industry accounting for over 35% of the market volume in
2013. They are cultivated in fresh water owing to high environmental
compatibility. Aquaculture for crustacean is expected to grow at a CAGR of 4.9%
in terms of revenue from 2014 to 2020 due to high protein content.
Mackerel is a rich
source of omega-3, and salmon is high in protein and vitamin D content. Sea
bream and sea bass are low-calorie species with rich content of vitamin B6,
phosphorous and selenium, and are preferred as low-calorie diet.
China dominated the
global market supplying over half the quantity of farmed fish. China
aquaculture market was valued at USD 77.90 billion in 2013 and is expected to
witness rapid growth over the forecast period due to low-cost labor, favorable
climate and ample availability of natural resources.
Asia Pacific aquaculture
market is expected to grow on account of higher fish consumption in coastal
regions including Australia, India, Japan and numerous South Eastern countries.
Local civilizations are known to practice small scale aquaculture since ancient
times in South East Asia and Pacific in the form of shellfish, shrimp and sea
cucumbers cultivation and seaweed farms.
The global aquaculture
industry is fragmented in nature owing to the presence of numerous companies.
In addition, the market is highly unorganized, particularly in Asia Pacific,
due to the presence of numerous local small-scale companies practicing
aquafarming. Key companies in the market include Cermaq ASA, Blue Ridge
Aquaculture, Cooke Aquaculture Inc., Nireus Aquaculture S.A, Stehr Group Pty
Ltd., Tassal Group Ltd. and International Fish Farming Co. - Asmak.
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Grand View Research has
segmented the global aquaculture market on the basis of culture environment,
product and region:
Aquaculture Culture Environment Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2020)
• Fresh Water
• Marine Water
• Brackish Water
Aquaculture Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Carps
• Crustaceans
• Mackerel
• Milkfish
• Mollusks
• Salmon
• Sea Bass
• Sea Bream
• Trout
• Other species
Aquaculture Region Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific (excluding China)
• China
• RoW
• Fresh Water
• Marine Water
• Brackish Water
Aquaculture Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Carps
• Crustaceans
• Mackerel
• Milkfish
• Mollusks
• Salmon
• Sea Bass
• Sea Bream
• Trout
• Other species
Aquaculture Region Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific (excluding China)
• China
• RoW
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