According to FAO, aquaculture, also known as aqua farming, is defined as the farming of aquatic organisms such as fish, mollusks, crustaceans, and aquatic plants. Farming implies intervention in the rearing process to enhance production, such as regular stocking, feeding, and protection from predators. It also implies individual or corporate ownership of the stock being cultivated. In 2015, the global aquaculture market was valued at $169 billion, and is anticipated to expand at a CAGR of 5.3% to reach $242 billion by 2022, as per Allied Market Research.
The global food supply security issue due to increase in global population drives the aquaculture market. New technological advancement in the rearing of fish and cultivation of sea plants also lead to market growth. Increase in the global protein demand, and zooplankton being a major source of proteins, drives the market for aquaculture companies. Rise in concern towards climate change and global warming are the major restrains in the global aquaculture market, as they increase the risk of diseases in water bodies. Evolution of inland fish farming poses a huge opportunity for this industry, and to utilize technology to rear high-quality fish is a major challenge to this industry.
The report segments the market on the basis of environment, product, and geography. On the basis of environment, it is segmented into fresh water, marine water, and brackish water. On the basis of product type, it includes carps, crustaceans, mackerel, milkfish, mollusks, salmon, sea brass, sea bream, trout, and others. Geographically, it is as analyzed across North America (U.S., Mexico, and Canada), Europe (Russia, Norway, Iceland, and rest of Europe), Asia-Pacific (China, India, Japan, Indonesia, Vietnam, and rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa).
Recent advancements in the market include an aquaculture contract for Norwegian offshore company Farstad Shipping for its AHTS vessels. The contract was awarded by Ocean Farming AS, a subsidiary of SalMar Group, for the complete mooring installation and hook up of Ocean Farming’s semi-submersible offshore fish farm. Rise in alliances among the industry players is expected to boost the market growth.
Comprehensive competitive analysis and profiles of the major market players include:
KEY MARKET BENEFITS:
KEY MARKET SEGMENT:
By Fish Type
Other major players in the industry include:
*The above list of companies is not profiled in the report, and can be added based on client interest.
SIMILAR MARKET STUDIES
Food Preservatives Market by Type (Natural (Sugar, Salt, Vinegar, Honey, Alcohol, Edible Oil, Nicin, Rosemary Extracts, Onion, and Natamycin) and Synthetic (Sorbates (Sorbic Acid and Potassium Sorbate), Benzoates (Benzoic Acid and Sodium Benzoate), Propionates (Propionic Acid, Sodium Propionate, and Calcium Propionate), and Others (Nitrites, Sulfur Dioxide, Lactic Acid, Sodium Diacetate, and Acetic Acid)), Function (Antimicrobials, Antioxidants, and Others), and Application (Bakery, Meat, Poultry, and Seafood, Oils & Fats, Dairy & Frozen Foods, Snacks, Confectionery, Beverages, and Others): Global Opportunity Analysis and Industry Forecast, 2017-2023
The global food preservatives market is expected to reach $2,714 million by 2023 from $2,271 million in 2016, registering a CAGR of 2.6% from 2017 to 2023. Preservatives are used in a wide range of products, such as snacks, bakery, confectionery, meat, seafood, and poultry, and others to preserve the ...
May 2017 | $5370 | View Details >>
The Avocado is fruit that originally cultivated in Mexico and Central America. The avocado tree (Persea Americana) is currently widely planted in tropical and Mediterranean climate area. It is classified in the flowering plant family Lauraceae along with cinnamon, camphor and bay laurel. The fruit is also named as alligator ...
May 2017 | $3480 | View Details >>
Goat milk powder (dry goat milk) for production of other products (in big packages). It also called Industrial milk powder, is used in the food industry milk powder, mainly for dairy enterprises to re-processing or production use, such as milk drinks, yogurt, yogurt drinks, biscuits, candy, chocolate, ice and so ...
May 2017 | $3480 | View Details >>
In this report, the global Frozen Seafoods market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, ...
May 2017 | $2900 | View Details >>
UPCOMING MARKET RESEARCH REPORTS
2017 © Copyright Big Market Research