Aquaculture Products Market Trend, Share, Growth, Size Analysis and Forecast 2032

Global Aquaculture Products Market Insights

Zion Market Research has published a report on the global Aquaculture Products Market, estimating its value at USD 3.50 Billion in 2023, with projections indicating that it will reach USD 9.03 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 11.1% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Aquaculture Products industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Introduction

Aquaculture is the farming of aquatic plants and fish, mollusks, crustaceans, and other aquatic organisms. Aquaculture products including fish, molluscs, and crustaceans contributed nearly 40% of aquatic animal food for human consumption in year 2007 and is expected to increase for fulfilling the future food demand. Among the aquatic products shellfish and herbivorous & omnivorous pond fish species contribute majorly towards the market share. The rapid surge in the production of carnivorous fish types including salmon, shrimp, and catfish has enriched globalizing trade and raised the economics of scale for intensive fish farming.

Furthermore, most of aquaculture systems depend on low-cost eco-friendly goods and services, and this will have positive impact on the aquaculture product business. This will prompt the demand for aquaculture products in the years to come.

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Market Growth Dynamics

A prominent surge in the seafood business is likely to impel the growth of aquaculture products market over the years ahead. Apart from this, an increase in the smart fish farming activities and large-scale intake of fish due to its enhanced nutritive value is likely to boost the market trends. Favorable government policies encouraging the fishing business will prompt the growth of the aquaculture products market over the forecast timeline.

Furthermore, integration of farming, aquaculture, fishing activities, and ecosystem management events are likely to influence the growth of aquaculture products industry over the forecast timespan. As per NCBI, implementation of aquaculture-based fishing activities across twenty-seven countries including 80 fish species and 2 million tons of fish products yield will steer the market growth over the forecast timeframe. Apparently, development of new aquaculture products from varied marine species will further enlarge the market size in the years ahead. Growing demand for cod-liver oil and selective breeding of fish for enhancing farmed fish stock performance & traits will expand the business scope within the span of next few years.

Global Aquaculture Products Market: Segmentation

The study provides a decisive view of the aquaculture products market by segmenting the market based on By Rearing Product Type, By Species, By Production Type, By Culture And By Region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By rearing product type segment analysis includes Equipment, Water pumps and filters, Containment equipment, Water circulating and aerating equipment, Cleaning equipment, Feeders, Chemicals, Pharmaceuticals, Fertilizers.

By Species segment analysis includes Aquatic plants, Seaweeds, Microalgae, Aquatic animals, Finfish, Crustaceans, Mollusks, Others.

By Production Type segment analysis includes Small-Scale and Medium & Large Scale.

By Culture segment analysis includes Freshwater, Brackish water, Marine

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Aquaculture Products Market: Report Scope

Asia Pacific To Lead The Overall Market Growth Over 2024-2032

The regional market expansion during the forecast timeline is owing to reformation of aquaculture practices, economic development, flexible regulations, and large-scale export of fish from countries like Thailand, China, Vietnam, Indonesia, and India. Moreover, China is the largest manufacture of the aquaculture products and this will further steer the regional market trends.

Key players influencing the market growth include -

• Selonda SA
• AKVA group
• Nireus
• Pentair plc
• Aquaculture Systems Technologies LLC
• Xylem
• Pioneer Group
• Tassal
• Intl Fish Farming
• luxsol.ru
• ASAKUA
• Thai Union Group PCL
• Lifegard Aquatics
• CPI Equipment Inc.
• Aquafarm Equipment AS
• Eastern Fish Company
• Huon Aqua
• GRUPO NUEVA PESCANOVA
• Frea Aquaculture Solutions ApS
• Reef Industries
• Tan International
• Aquaculture of Texas Inc.
• Cooke Aquaculture
• Cermaq
• Lerøy
• Grupo Farallon Aquaculture
• Bakkafrost
• Marine Harvest
• Stolt-Nielsen
• Blue Ridge Aquaculture Inc.

The global aquaculture products market is segmented as follows:

By Rearing Product Type

• Equipment
  • Water pumps and filters
  • Containment equipment
  • Water circulating and aerating equipment
  • Cleaning equipment
  • Feeders
• Chemicals
• Pharmaceuticals
• Fertilizers

By Species

• Aquatic plants
• Seaweeds
• Microalgae
• Aquatic animals
• Finfish
• Crustaceans
• Mollusks
• Others

By Production Type

• Small-Scale
• Medium & Large Scale

By Culture

• Freshwater
• Brackish water
• Marine

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa