- Probiotics
- Phytogenics
- Binders
- Phosphates
- Amino Acids
- Enzymes
- Minerals
- Vitamins
- Acidifiers
- Antioxidants
- Antibiotics
- Others
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.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
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.
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 |