Global Aquaculture Market - By Species, By Environment, By Fish Type, By Rearing Product, By Distribution- Regional Outlook, Competitive Strategies and Segment Forecasts to 2030

According to SPER Market Research, the Global Aquaculture Market is estimated to reach USD 407.80 billion by 2030 with a CAGR of 4.8%.

Carps, mollusks, crustaceans, mackerel, sea bream, and other fish species are the most common fish species raised for food. One of the species of oily freshwater fish used in aquaculture is carp. In Europe and Asia, carps are regarded as a major aquaculture species. Due to their quick development and great tolerance, they are employed commercially. Marine water, fresh water, and brackish water are some of the diverse habitats that employ a variety of reusable items like machinery, chemicals, medications, and fertilisers. Aquatic animals and aquatic plants make up the species listed, and they are sold through a variety of channels, including traditional retail, supermarkets and hypermarkets, specialty shops, internet retailers, and others.

The market for aquaculture is anticipated to develop in the future due to the rising demand for seafood. Seafood is any aquatic species that can be eaten, including those from the ocean and freshwater, including lobsters, mussels, crabs, and occasionally other sea life. The increased popularity of aquaculture in the overall fish supply is a result of the rising demand for seafood.

In the upcoming years, the aquaculture market's expansion is anticipated to be constrained by stringent government regulations on the capturing of aquatic creatures as a result of overfishing's negative effects on the ecosystem of marine habitats. Additionally, fish may ingest harmful substances, particularly mercury, released into waterways by industry; if human eats such a fish, it affects the person's neurological system. The consumption of fish may be significantly impacted by this aspect, which is expected to restrain market growth.

Farmers are using intensive techniques to boost the productivity of a number of commercial species, including trout, salmon, and carps. In the upcoming years, the aquaculture market is anticipated to benefit greatly from this feature in terms of growth potential. The management of feed and preservation of the nutritional balance in aquatic animals will be significantly aided by these intensification approaches, which won't have a negative impact on the environment.

Impact of COVID-19 on the Global Aquaculture Market:

Despite the implementation of numerous containment efforts, the COVID-19 worldwide pandemic remained throughout the majority of the planet in 2020. With the notable exception of China, the major economies of the globe saw their caseloads soar as the year went on, slowing growth and causing several delays in the anticipated reopening of enterprises. This has simply increased the already high level of market uncertainty for the fish industry globally and increased the operational difficulties brought on by the limitations, driving down prices and revenues. To take advantage of their shifting circumstances, firms are concentrating their efforts on creating new goods, marketing strategies, and sales channels, which is pushing innovation throughout the supply chain at the same time.

Scope of the report:

• Market size available for years: 2019-2030

• Base year considered: 2021

• Forecast period: 2022-2030

• Segments covered: By Species, By Environment, By Fish Type, By Rearing Product, By Distribution, By Region

• Geographies covered: North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Companies Covered:

Aquaculture Equipment Ltd., Bakkafrost, FREA Solutions, Grupo Farallon Aquaculture, Leroy Seafood, Luxsol, Mowi ASA, Multiexport Foods SA, Nireus Aquaculture S.A, Norway Royal Salmon ASA, SalMar ASA, Salmon ASA, Surapon Foods Public Company Limited, Selonda Aquaculture S.A.

Global Aquaculture Market, By Species:

Based on the Species, Global Aquaculture Market is segmented as; Aquatic Plants, Aquatic Animals.

Global Aquaculture Market, By Environment:

Based on the Environment, Global Aquaculture Market is segmented as; Fresh Water, Brackish Water, Marine Water.

Global Aquaculture Market, By Fish Type:

Based on the Fish Type, Global Aquaculture Market is segmented as; Sea Bream, Mackerel, Carps, Mollusks, Crustacens, Others.

Global Aquaculture Market, By Rearing Product:

Based on the Rearing Product, Global Aquaculture Market is segmented as; Chemicals, Equipment's, Fertilizers, Pharmaceuticals.

Global Aquaculture Market, By Distribution:

Based on the Distribution, Global Aquaculture Market is segmented as; Supermarkets and Hypermarkets, Traditional Retail, Specialized Retailers, Online Stores, Others.

Global Aquaculture Market, By Region:

The Global Aquaculture Market is majorly driven by Asia Pacific. During the projected period, Asia Pacific is anticipated to have the quickest rate of growth in the worldwide Global Aquaculture Market. Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa are the regions included in the worldwide Global Aquaculture Market study.