Aquaculture Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

$ PRICE - $ 3,000.00$ 8,900.00

Aquaculture Market: By Feed Additives Type (Probiotics, Phytogenics, Binders, Phosphates, Amino Acids, Enzymes, Minerals, Vitamins, Acidifiers, Antioxidants, Antibiotics, Others), By Pharmaceuticals, Vaccines, and Other Diagnostics (Vaccines, Pharmaceuticals, Others), and Geography

 

$ PRICE - $ 3,000.00$ 8,900.00
Clear selection
Clear
$ PRICE - $ 3,000.00$ 8,900.00
FacebookTwitterLinkedinEmail
SKU: N/A Categories: , Tag:

Report

Description

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% during the forecast period 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).

 

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.

Aquaculture Market

MARKET SUMMARY
-
5.7%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 5.7%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North-America

Aquaculture Market

  • The global aquaculture market report gives comprehensive outlook on aquaculture across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global aquaculture market gives historical, current, and future market sizes (US$ Bn) on the basis of feed additive type, pharmaceuticals, vaccines, and other diagnostics, and region.
Key Players
  • Virbac SA
  • Bayer AG
  • Elanco
  • Pharmaq AS
  • Merck Animal Health
Aquaculture Market

Drivers And Restraints

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.


North-America got significant share

Aquaculture Market

North America accounted for larger revenue share in global aquaculture market with significant CAGR. Increase in prevalence of aquaculture diseases, rise in R&D activities for the development aquaculture vaccines and therapeutics are anticipated to propel the market. Europe aquaculture market projected to grow at significant rate owing to increase in the international trading of aquaculture species and growing demand for sea food and rising production of aquatic species likely to create demand for aquaculture vaccines, pharmaceuticals and aquafeed over the forecast period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Findings of the Report

  • Global aquaculture market expanding at significant CAGR over 2022 to 2028 owing to increase in the prevalence of aquaculture diseases
  • Based on feed type, amino acids accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global aquaculture market. For instance, in December 2018, Phibro Animal Health acquired Kovax Ltd, Israel based vaccine manufacturer, it has developed first commercial aquaculture vaccine is KoVax’s “KV3” vaccine to prevents Koi Herpes Virus in common carp fish. By this acquisition. it was evident that Phibro Animal Health wants to tap the aquaculture vaccines space.

Key

Features of the Report

Aquaculture Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Company Profile

  • 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.)

Description

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% during the forecast period 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).

 

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.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX