Aquaculture Market: By Type (Fish, Molluscs, Crustaceans, Seaweed), By Feed Additives Type (Probiotics, Phytogenics, Binders, Phosphates, Amino Acids, Enzymes, Minerals, Vitamins, Acidifiers, Antioxidants, Antibiotics, Others), By Environment (Brackish Water, Fresh Water, Marine Water) and Geography

 

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Aquaculture Market size was valued at USD 246.70 billion in 2021 and is expected to reach USD 363.66 billion by 2028, at a CAGR of 5.7% from 2022-2028.  The increase in the prevalence of aquaculture diseases. Aquaculture, often known as fish farming, is the practice of breeding, rearing, harvesting, and cultivating fish, shellfish, algae, and other aquatic creatures in a controlled environment. Coastal ocean waters, freshwater ponds, rivers, and on-land tanks are commonly used. This helps with food production, habitat restoration, endangered and threatened species populations, and aquarium construction. It also reduces waste by creating fish and shellfish feed, ensuring a healthy and natural breeding environment for the aquatic population, and maximizing the use of agricultural and natural resources. Aquaculture also includes ornamental fish production to serve commercial and leisure marine fisheries. Moreover, the rise in adoption of feed additives for aquaculture species, the launch of advanced products into the market, and the increase in the demand for seafood are the major factors that are driving the growth of the global aquaculture market over the forecast time frame. This report studies global aquaculture market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the global aquaculture market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities).  


Aquaculture Market Key Development:
On November 29, 2020,  Blue Ridge Aquaculture built new RAS nursery. The company in it's 19th generation of genetics program uing non-GMO husbandary techniques to improved strain of fish. The nursery was designed to create ideal condition for raising tilapia. BRA is able to raise tilapia without he use of antibiotics & hormones.

On January 19, 2022, Wanchese Fish Company, a division of Cooke Seafood USA, is launching its newest shrimp trawler, F/V Destiny for operations in southern Argentine waters for the 2022 season.

Global Aquaculture Market Summary

Study Period

2023-29

Base Year

2022

CAGR

5.7%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Aquaculture Market Dynamics

Seafood has become an essential staple in the diets of the people around the world. Global consumption of fish and shellfish has more than doubled over the last 50 years and is expected to keep raising with global population growth. In addition, surge in population demanding the healthy fish products, demand for animal protein, government support for the aquaculture immunization programs, rise in adoption of aquaculture vaccines and specialty nutrition in the developed and developing nations expected to boost the aquaculture market over the forecast years.

Key Features of the Reports

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  • The aquaculture market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
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  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
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  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
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  • The report tracks recent innovations, key developments, and startup details that are actively working in the market
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  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
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  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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Global Aquaculture Market Segmentation

By Feed Additives Type
  • Probiotics
  • Phytogenics
  • Binders
  • Phosphates
  • Amino Acids
  • Enzymes
  • Minerals
  • Vitamins
  • Acidifiers
  • Antioxidants
  • Antibiotics
  • Others
By Type
  • Fish,
  • Molluscs,
  • Crustaceans,
  • Seaweed
By Environment
  • Brackish Water,
  • Fresh Water,
  • Marine Water

Frequently Asked Questions

The aquaculture market is projected to expand at a CAGR of 5.7% during the forecast period

Virbac SA (France), Bayer AG (Germany), Elanco (U.S.), Phibro Animal Health Corporation (U.S.), Pharmaq AS (Norway), Merck Animal Health (U.S.), Hipra (Spain), Benchmark Animal Health (U.K.)

North America is the fastest-growing region for the aquaculture market

1. Executive Summary
2. Global Aquaculture Market Introduction
2.1. Global Aquaculture Market – Taxonomy
2.2. Global Aquaculture Market –Definitions
2.2.1. By Type
2.2.2. By Feed Additives
2.2.2. By Environment
2.2.3. Geography
3. Global Aquaculture Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Aquaculture Market Dynamic Factors - Impact Analysis
4. Global Aquaculture Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028
4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Aquaculture Market, By Type, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
5.1. Fish
5.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Molluscs
5.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Crustaceans
5.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Seaweed
5.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
6. Global Aquaculture Market Forecast, By Feed Additives Type, 2017 - 2021 and Forecast, 2022 - 2028
6.1. Antibiotics
6.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Antioxidants
6.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Acidifiers
6.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Vitamins
6.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Minerals
6.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Enzymes
6.6.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
6.7. Aminoacids
6.7.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.7.3. Market Opportunity Analysis
6.8. Phosphates
6.8.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
6.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.8.3. Market Opportunity Analysis
6.9. Binders
6.9.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
6.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.9.3. Market Opportunity Analysis
6.10. Phytogenics
6.10.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
6.10.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.10.3. Market Opportunity Analysis
6.11. Probiotics
6.11.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
6.11.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.11.3. Market Opportunity Analysis
6.12. Others
6.12.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
6.12.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.12.3. Market Opportunity Analysis
7. Global Aquaculture Market, By Environment, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
7.1. Brackish Water
7.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Fresh Water
7.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Marine Water
7.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
8. Global Aquaculture Market Forecast, By Geography, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Aquaculture Market - Opportunity Analysis Index, By Type, Feed Additives, Environment, and Region, 2022 - 2028
9. North America Aquaculture Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
9.1. Feed Additives Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Antibiotics
9.1.2. Antioxidants
9.1.3. Acidifiers
9.1.4. Vitamins
9.1.5. Minerals
9.1.6. Enzymes
9.1.7. Amino Acids
9.1.8. Phosphates
9.1.9. Binders
9.1.10. Phytogenics
9.1.11. Probiotics
9.1.12. Others
9.2. Environment Analysis, 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Brackish Water
9.2.2. Fresh Water
9.2.3. Marine Water
9.3. Country Analysis 2017 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. U.S.
9.3.2. Canada
9.4. North America Aquaculture Market - Opportunity Analysis Index, By Type, Feed Additives, Environment and Country, 2022 - 2028
9.5. North America Aquaculture Market Dynamics – Trends
10. Europe Aquaculture Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
10.1. Feed Additives Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Antibiotics
10.1.2. Antioxidants
10.1.3. Acidifiers
10.1.4. Vitamins
10.1.5. Minerals
10.1.6. Enzymes
10.1.7. Amino Acids
10.1.8. Phosphates
10.1.9. Binders
10.1.10. Phytogenics
10.1.11. Probiotics
10.1.12. Others
10.2. Environment Analysis, 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Brackish Water
10.2.2. Fresh Water
10.2.3. Marine Water
10.3. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. Norway
10.3.2. UK
10.3.3. Greece
10.3.4. Spain
10.3.5. Rest of Europe
10.4. Europe Aquaculture Market - Opportunity Analysis Index, By Type, Feed Additives, Environment and Country, 2022 - 2028
10.5. Europe Aquaculture Market Dynamics – Trends
11. Asia-Pacific Aquaculture Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
11.1. Feed Additives Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Antibiotics
11.1.2. Antioxidants
11.1.3. Acidifiers
11.1.4. Vitamins
11.1.5. Minerals
11.1.6. Enzymes
11.1.7. Amino Acids
11.1.8. Phosphates
11.1.9. Binders
11.1.10. Phytogenics
11.1.11. Probiotics
11.1.12. Others
11.2. Environment Analysis, 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Brackish Water
11.2.2. Fresh Water
11.2.3. Marine Water
11.3. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. China
11.3.2. Indonesia
11.3.3. Rest of Asia-Pacific
11.4. Asia-Pacific Aquaculture Market - Opportunity Analysis Index, By Type, Feed Additives, Environment and Country, 2022 - 2028
11.5. Asia-Pacific Aquaculture Market Dynamics – Trends
12. Latin America Aquaculture Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
12.1. Feed Additives Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Antibiotics
12.1.2. Antioxidants
12.1.3. Acidifiers
12.1.4. Vitamins
12.1.5. Minerals
12.1.6. Enzymes
12.1.7. Amino Acids
12.1.8. Phosphates
12.1.9. Binders
12.1.10. Phytogenics
12.1.11. Probiotics
12.1.12. Others
12.2. Environment Analysis, 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Brackish Water
12.2.2. Fresh Water
12.2.3. Marine Water
12.3. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Chile
12.3.2. Brazil
12.3.3. Mexico
12.3.4. Peru
12.3.5. Rest of Latin America
12.4. Latin America Aquaculture Market - Opportunity Analysis Index, By Type, Feed Additives, Environment and Country, 2022 - 2028
12.5. Latin America Aquaculture Market Dynamics – Trends
13. Middle East and Africa Aquaculture Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
13.1. Feed Additives Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Antibiotics
13.1.2. Antioxidants
13.1.3. Acidifiers
13.1.4. Vitamins
13.1.5. Minerals
13.1.6. Enzymes
13.1.7. Amino Acids
13.1.8. Phosphates
13.1.9. Binders
13.1.10. Phytogenics
13.1.11. Probiotics
13.1.12. Others
13.2. Environment Analysis, 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Brackish Water
13.2.2. Fresh Water
13.2.3. Marine Water
13.3. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.3.1. Egypt
13.3.2. Turkey
13.3.3. Rest of MEA
13.4. MEA Aquaculture Market - Opportunity Analysis Index, By Type, Feed Additives, Environment and Country, 2022 - 2028
13.5. MEA Aquaculture Market Dynamics – Trends
14. Competition Landscape
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Product Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Virbac
14.2.2. Bayer AG
14.2.3. Elanco
14.2.4. Phibro Animal Health Corporation
14.2.5. Pharmaq AS
14.2.6. Merck Animal Health
14.2.7. Kovax Ltd
14.2.8. Hipra
14.2.9. Benchmark Animal Health
15. Aquaculture Production
15.1. Global Carp Production
15.2. Global Salmon Production
15.3. Global Sea bass Production
15.4. Global Sea bream Production
15.5. Global Tilapia Production
15.6. Global Trout Production
15.7. Global Turbot Production
15.8. Global Shrimp Production
15.9. Global Prawn Production
15.10. Global Aquaculture Production
15.11. Global Aquaculture Production by Species
16. Research Methodology
17. Key Assumptions and Acronyms
  • Virbac SA (France)
  • Bayer AG (Germany)
  • Elanco (U.S.)
  • Phibro Animal Health Corporation (U.S.)
  • Pharmaq AS (Norway)
  • Merck Animal Health (U.S.)
  • Hipra (Spain)
  • Benchmark Animal Health (U.K.)