Aquaculture Market Growth with an Attractive CAGR during 2019-2027 Pronounced by Bakkafrost,Blue Ridge Aquaculture, Inc.,Cermaq Group AS

The global aquaculture market accounted for US$ 264,470.0 Mn in 2018 and is expected to grow at a CAGR of 7.7% during the forecast period 2019 – 2027, to account to US$ 509,743.0 Mn by 2027.

The Asia Pacific region held the largest market share in the global aquaculture market. The production and consumption rate of seafood is expanding rapidly with China and India being the major markets for the aquaculture industry. The Asia Pacific has evolved as the largest consumers and exporter of aquaculture products. Fisheries and aquaculture production highly contributor to national economies across the Asia-Pacific region over the past few years. The Asia Pacific market is characterized by the presence of players such as Bakkafrost, Cermaq Group AS, Farallon Aquaculture Group, Lerøy, Mowi ASA, Stolt-Nielsen Limited, and Tassal Group, among others.

Market Insights

Implementation of RAS technology provides an opportunity for the aquaculture market growth

Recirculating Aquaculture Systems (RAS) is a technique that reuses the water several times that passes the water through treatment processes to eliminate waste and restore the quality of water. It is a technology that is used for the farming of fishes and other aquatic species by reusing the water for production. The technology is based on the usage of biological and mechanical filters.

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Top Key Players: Bakkafrost,Blue Ridge Aquaculture, Inc.,Cermaq Group AS,Cooke Aquaculture Inc,Danish Salmon A/S,Farallon Aquaculture Group,FIFAX AB,HESY Aquaculture B.V,Lerøy,Mowi ASA,NIRI AS,Selonda Aquaculture SA,Stolt-Nielsen Limited,TASSAL,Thai Union Group PCL

Application of fish oil in several industries is expected to boost the demand for aquaculture

The high growth in demand for fish oil is generating a need for more fish production, thus, boosting the demand for aquaculture in the near future. Fish oil is largely used as a dietary supplement, healthcare, pharmaceutical, and food industry. It is an efficient source of vitamin A and D and is considered the most significant source for human consumption after wild fish. Currently, fish oil accounts for the small percentages of total edible oil production.


By Species

  • Aquatic plants
  • Fish
  • Crustaceans
  • Molluscs
  • Others

By Nature

  • Land based
  • Offshore

By Culture Environment

  • Fresh water
  • Brackish water
  • Marine

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Strategic Insights

Mergers and acquisition were observed as the most adopted strategies in global aquaculture market. Few of the recent developments in the global aquaculture market are listed below:

2019: Bakkafrost purchased all outstanding shares of North Landing Ltd. In order to form a base of operation in the US and enhance their abilities to serve our customers.

2019: Cooke acquired Farallon Aquaculture de Nicaragua, which is a vertically integrated farmer and a supplier of frozen shrimp across Asia, Europe and the US.

2018: Cooke Inc., acquired the Seajoy Seafood Corporation group which is considered to be one of the largest vertically integrated and premium shrimp farms in Latin America.



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Posted by on Friday November 15 2019, 5:02 AM EDT. All trademarks acknowledged. Filed under Aerospace, Aerospace & Defence, Agriculture, Automotive, Automotive & Transportation, Beverages, Food, Food & Beverage, Food Services, Pharmaceuticals, Transportation. Comments and Trackbacks closed. Follow responses: RSS 2.0

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