Market Research Future Insights
According to MRFR analysis, the global aquaculture market is expected to register a CAGR of 5.71% from 2022 to 2030 and hold a value of over USD 237.3 billion by 2030.
The global aquaculture market refers to the production, processing, and distribution of aquatic organisms for human consumption, including fish, mollusks, crustaceans, and other aquatic animals and plants. The market encompasses all aspects of the aquaculture value chain, from hatcheries and nurseries to feed production, farming, harvesting, processing, and distribution. The global aquaculture market is a rapidly growing industry that is driven by increasing demand for seafood, population growth, rising disposable incomes, and changing dietary preferences.
The COVID-19 pandemic has had a low impact on the global aquaculture market. The pandemic has caused disruptions in the supply chain for aquaculture products, making it difficult for farmers to access inputs such as seed, feed, and equipment. This has led to lower production and higher costs for farmers.
The closure of restaurants and food service outlets has led to a reduction in demand for some high-value products, such as oysters and other luxury shellfish, which are typically consumed in restaurants.
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The largest region of the global aquaculture market is Asia. Asia accounts for over 89% of the world’s total aquaculture production. This is due to several factors, including favorable climate and geography for aquaculture, a long history and culture of fish farming in many Asian countries, and the increasing demand for seafood in the region.
Other than Asia, other significant aquaculture markets include Europe and North America. However, these regions are much smaller in terms of total production, accounting for less than 5% of the world’s total aquaculture output.
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The global aquaculture market has been segmented into type and environment.
Based on the type, the market has been segmented into fishes, crustaceans and mollusca.
Based on the environment, the market has been segmented into freshwater, marine water and brackish water.
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Some of the key market players are:
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