Asia Pacific Aquaculture Market to Reach US$ 463,356.4 Mn at a CAGR of 7.9% in 2027 | The Insight Partners

Asia Pacific Aquaculture Market to 2027 - Regional Analysis and Forecasts by Species (Aquatic plants, Fish, Crustaceans, Molluscs, and Others), Nature (Land based and Offshore), and Culture Environment (Fresh water, Brackish water, and Marine)

Publication Month: Sep 2019 | Report Code: TIPRE00006669 | No. of Pages: 160 | Category: Food and Beverages | Status: Published

The Asia Pacific Aquaculture market is accounted to US$ 236,166.2 Mn in 2018 and is expected to grow at a CAGR of 7.9% during the forecast period 2019 - 2027, to account to US$ 463,356.4 Mn by 2027.

 

China is dominating the Asia Pacific Aquaculture market followed by Indonesia. The aquaculture industry in China is mainly concentrated in the coastal regions such as Guangdong, Shandong, Fujian, Jiangsu, and Hubei. Individual farmers or private corporations own most of the aquatic farms. In 2011, China Agriculture Yearbook (CAY) reported that total aquaculture area was 7.83 million hectares.  The presence of large population and increase in disposable income are some of the drivers for the growth of Asia Pacific Aquaculture Market.

      

Exhibit: Asia Pacific Aquaculture Market

 

 

Market Insights

Growing demand of seafood among the consumers

Seafood has been a part of traditional food since a very long time in the various countries of Asia Pacific region. The Asia Pacific region has a diverse range of environments, due to which a large variety of fish are available in this region. Seafood is an excellent source of omega-3 fatty acids, vitamins, proteins, and other nutrients. According to the Food and Agriculture Organization of the United States, the per capita consumption of edible quantity of fish and fish products was around 9.6 kg in China. As per the data provided by the Food and Agriculture Organization, (FAO), the consumption of fish by the humans is predicted to increase by 50% in the next 15 years. Therefore, the growing demand for seafood is expected to drive the Asia Pacific aquaculture market.


Species Insights

Based on species, the Asia Pacific Aquaculture market is segmented as aquatic plants, fish, crustaceans, molluscs, and others. The fish segment is anticipated to dominate the Asia Pacific Aquaculture market. The fish farming has been carried out since a very long time. It is an essential source of income. The fish is majorly used for consumption, but it is also used the production of oil, proteins, and various such products. The rising popularity of fish in various industries is expected to boost the Asia Pacific aquaculture market.

                                                                            

Nature Insights

The Asia Pacific Aquaculture market is segmented based on nature into land based and offshore. The land based segment accounted for the largest share in the Asia Pacific Aquaculture market. The land based farming needs huge investment when compared with the offshore aquaculture. The land-based aquaculture techniques are considered as a more sustainable substitute to that of the open-water fish farms.

 

Culture Environment Insights

The Asia Pacific Aquaculture market is segmented based on culture environment into fresh water, brackish water, and marine. The marine segment accounted for the largest share in the Asia Pacific Aquaculture market. In marine aquaculture, a variety of species are farmed with the help of different rearing techniques. Marine aquaculture offers several important products such as proteins, oils, nutrient agar, etc. which are used in various end-use industries. Various important products are obtained through aquaculture, which is estimated to drive the Asia Pacific aquaculture market.

 

Exhibit: Asia Pacific Aquaculture market by Species



Strategic Insights

Merger and acquisition were observed as the most adopted strategies in Asia Pacific Aquaculture market. The companies also focused on corporate communication and certifications to improve their sales. Few of the recent developments in the Asia Pacific 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:
Bakkafrost Group acquired Sp/f Hjallur 51 percent of the shares in P/F Faroe Farming for a cash consideration of DKK 75 million (USD 11.2 million, EUR 10.1 million).


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


ASIA PACIFIC AQUACULTURE MARKET SEGMENTATION


By Species         

  • Aquatic Plants
    • Fish
    • Crustaceans
    • Molluscs
    • Others

By Nature

  • Land based
  • Offshore

By Culture Environment

  • Fresh water
  • Brackish water
  • Marine

By Country

  • Australia
  • China
  • India
  • Japan
  • Indonesia
  • Vietnam
  • South Korea
  • Rest of APAC


Company Profiles

  • Bakkafrost
  • Cermaq Group AS
  • Cooke Aquaculture Inc.
  • Huon Aquaculture Group Limited
  • Lerøy
  • Mowi ASA
  • Stehr Group
  • Stolt-Nielsen Limited
  • Tassal
  • Thai Union Group PCL

 

1.              Introduction

1.1       Scope of the Study

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

1.3.1       Asia Pacific Aquaculture Market – By Species

1.3.2       Asia Pacific Aquaculture Market – By Nature

1.3.3       Asia Pacific Aquaculture Market – By Culture Environment

1.3.4       Asia Pacific Aquaculture Market – By Country

2.              Key Takeaways

3.              Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.              Aquaculture Market Landscape

4.1       Market Overview

4.2       PEST Analysis – Asia Pacific

5.              Aquaculture Market – Key Industry Dynamics

5.1       Market Drivers

5.1.1       Rising demand and consumption of sea food

5.1.2       Favourable government initiatives to boost the aquaculture sector

5.2       Restraints

5.2.1       Adverse impact of aquaculture on the environment

5.3       Opportunity

5.3.1       Implementation of RAS technology

5.4       Future trends

5.4.1       Surge in demand for fish oil in several industries is expected to boost the demand for aquaculture

5.5       Impact Analysis of Drivers and Restraints

6.              Aquaculture – Asia Pacific Market Analysis

6.1       Asia Pacific Aquaculture Market Overview

6.2       Asia Pacific Aquaculture Market Forecast and Analysis

7.              Asia Pacific Aquaculture Market Analysis – By Species

7.1       Overview

7.2       Asia Pacific Aquaculture Market Breakdown, By Species, 2018 & 2027

7.3       Aquatic Plants

7.3.1       Overview

7.3.2       Asia Pacific Aquatic Plants Market Revenue Forecasts To 2027 (US$ Mn)

7.4       Fish

7.4.1       Overview

7.4.2       Asia Pacific Fish Market Revenue Forecasts To 2027 (US$ Mn)

7.5       Crustaceans

7.5.1       Overview

7.5.2       Asia Pacific Crustaceans Market Revenue Forecasts To 2027 (US$ Mn)

7.6       Molluscs

7.6.1       Overview

7.6.2       Asia Pacific Molluscs Market Revenue Forecasts To 2027 (US$ Mn)

7.7       Other Species

7.7.1       Overview

7.7.2       Asia Pacific Other Species Market Revenue Forecasts To 2027 (US$ Mn)

8.              Asia Pacific Aquaculture Market Analysis – By Nature

8.1       Overview

8.2       Asia Pacific Aquaculture Market Breakdown, By Nature, 2018 & 2027

8.3       Land Based

8.3.1       Overview

8.3.2       Asia Pacific Land Based Aquaculture Market Revenue Forecasts To 2027 (US$ Mn)

8.4       Offshore

8.4.1       Overview

8.4.2       Asia Pacific Offshore Aquaculture Market Revenue Forecasts To 2027 (US$ Mn)

9.              Asia Pacific Aquaculture Market Analysis – By Culture Environment

9.1       Overview

9.2       Asia Pacific Aquaculture Market Breakdown, By Culture Environment, 2018 & 2027

9.3       Fresh Water

9.3.1       Overview

9.3.2       Asia Pacific Fresh Water Aquaculture Market Revenue Forecasts To 2027 (US$ Mn)

9.4       Brackish Water

9.4.1       Overview

9.4.2       Asia Pacific Brackish Water Aquaculture Market Revenue Forecasts To 2027 (US$ Mn)

9.5       Marine

9.5.1       Overview

9.5.2       Asia Pacific Marine Aquaculture Market Revenue Forecasts To 2027 (US$ Mn)

10.           Aquaculture Market – Country Analysis

10.1    Overview

10.1.1    Asia Pacific Aquaculture Market Breakdown, by Key Countries

10.1.1.1  Australia Aquaculture Market Revenue Forecasts to 2027 (US$ MN)

10.1.1.1.1 Australia Aquaculture Market Breakdown by Species

10.1.1.1.2 Australia Aquaculture Market Breakdown by Nature

10.1.1.1.3 Australia Aquaculture Market Breakdown by Culture Environment

10.1.1.2  China Aquaculture Market Revenue Forecasts to 2027 (US$ MN)

10.1.1.2.1 China Aquaculture Market Breakdown by Species

10.1.1.2.2 China Aquaculture Market Breakdown by Nature

10.1.1.2.3 China Aquaculture Market Breakdown by Culture Environment

10.1.1.3  India Aquaculture Market Revenue Forecasts to 2027 (US$ MN)

10.1.1.3.1 India Aquaculture Market Breakdown by Species

10.1.1.3.2 India Aquaculture Market Breakdown by Nature

10.1.1.3.3 India Aquaculture Market Breakdown by Culture Environment

10.1.1.4  Japan Aquaculture Market Revenue Forecasts to 2027 (US$ MN)

10.1.1.4.1 Japan Aquaculture Market Breakdown by Species

10.1.1.4.2 Japan Aquaculture Market Breakdown by Nature

10.1.1.4.3 Japan Aquaculture Market Breakdown by Culture Environment

10.1.1.5  Indonesia Aquaculture Market Revenue Forecasts to 2027 (US$ MN)

10.1.1.5.1 Indonesia Aquaculture Market Breakdown by Species

10.1.1.5.2 Indonesia Aquaculture Market Breakdown by Nature

10.1.1.5.3 Indonesia Aquaculture Market Breakdown by Culture Environment

10.1.1.6  Vietnam Aquaculture Market Revenue Forecasts to 2027 (US$ MN)

10.1.1.6.1 Vietnam Aquaculture Market Breakdown by Species

10.1.1.6.2 Vietnam Aquaculture Market Breakdown by Nature

10.1.1.6.3 Vietnam Aquaculture Market Breakdown by Culture Environment

10.1.1.7  South Korea Aquaculture Market Revenue Forecasts to 2027 (US$ MN)

10.1.1.7.1 South Korea Aquaculture Market Breakdown by Species

10.1.1.7.2 South Korea Aquaculture Market Breakdown by Nature

10.1.1.7.3 South Korea Aquaculture Market Breakdown by Culture Environment

10.1.1.8  Rest of Asia Pacific Aquaculture Market Revenue Forecasts to 2027 (US$ MN)

10.1.1.8.1 Rest of Asia Pacific Aquaculture Market Breakdown by Species

10.1.1.8.2 Rest of Asia Pacific Aquaculture Market Breakdown by Nature

10.1.1.8.3 Rest of Asia Pacific Aquaculture Market Breakdown by Culture Environment

11.           Industry Landscape

11.1    Overview

11.2    Merger & Acquisition

11.3    Others

11.4    New Development

12.           Company Profiles

12.1    Bakkafrost

12.1.1    Key Facts

12.1.2    Business Description

12.1.3    Financial Overview

12.1.4    SWOT Analysis

Key Developments

12.2    Cermaq Group AS

12.2.1    Key Facts

12.2.2    Business Description

12.2.3    Products and Services

12.2.4    Financial Overview

12.2.5    SWOT Analysis

12.2.6    Key Developments

12.3    Cooke Aquaculture Inc.

12.3.1    Key Facts

12.3.2    Business Description

12.3.3    Products and Services

12.3.4    Financial Overview

12.3.5    SWOT Analysis

12.3.6    Key Developments

12.4    Huon Aquaculture Group Limited

12.4.1    Key Facts

12.4.2    Business Description

12.4.3    Products and Services

12.4.4    Financial Overview

12.4.5    SWOT Analysis

12.4.6    Key Developments

12.5    Lerøy

12.5.1    Key Facts

12.5.2    Business Description

12.5.3    Products and Services

12.5.4    Financial Overview

12.5.5    SWOT Analysis

12.5.6    Key Developments

12.6    Mowi ASA

12.6.1    Key Facts

12.6.2    Business Description

12.6.3    Products and Services

12.6.4    Financial Overview

12.6.5    SWOT Analysis

12.6.6    Key Developments

12.7    Stehr Group

12.7.1    Key Facts

12.7.2    Business Description

12.7.3    Products and Services

12.7.4    Financial Overview

12.7.5    SWOT Analysis

12.8    Stolt-Nielsen Limited

12.8.1    Key Facts

12.8.2    Business Description

12.8.3    Products and Services

12.8.4    Financial Overview

12.8.5    SWOT Analysis

12.9    TASSAL

12.9.1    Key Facts

12.9.2    Business Description

12.9.3    Products and Services

12.9.4    Financial Overview

12.9.5    SWOT Analysis

12.10  Thai Union Group PCL

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13.           Appendix

13.1    About the Insight Partners

13.2    Glossary


LIST OF TABLES

Table 1.            Asia Pacific Aquaculture Market Revenue and Forecasts to 2027 (US$ Mn)

Table 2.            Asia Pacific Aquaculture market Revenue and Forecasts to 2027 – By Species (US$ Mn)

Table 3.            Asia Pacific Aquaculture Market Revenue and Forecasts to 2027 – By Nature (US$ Mn)

Table 4.            Asia Pacific Aquaculture Market Revenue and Forecasts to 2027 – By Culture Environment (US$ Mn)

Table 5.            Australia Aquaculture market Revenue and Forecasts to 2027 – By Species (US$ Mn)

Table 6.            Australia Aquaculture Market Revenue and Forecasts to 2027 – By Nature (US$ Mn)

Table 7.            Australia Aquaculture Market Revenue and Forecasts to 2027 – By Culture Environment (US$ Mn)

Table 8.            China Aquaculture market Revenue and Forecasts to 2027 – By Species (US$ Mn)

Table 9.            China Aquaculture Market Revenue and Forecasts to 2027 – By Nature (US$ Mn)

Table 10.         China Aquaculture Market Revenue and Forecasts to 2027 – By Culture Environment (US$ Mn)

Table 11.         India Aquaculture market Revenue and Forecasts to 2027 – By Species (US$ Mn)

Table 12.         India Aquaculture Market Revenue and Forecasts to 2027 – By Nature (US$ Mn)

Table 13.         India Aquaculture Market Revenue and Forecasts to 2027 – By Culture Environment (US$ Mn)

Table 14.         Japan Aquaculture market Revenue and Forecasts to 2027 – By Species (US$ Mn)

Table 15.         Japan Aquaculture Market Revenue and Forecasts to 2027 – By Nature (US$ Mn)

Table 16.         Japan Aquaculture Market Revenue and Forecasts to 2027 – By Culture Environment (US$ Mn)

Table 17.         Indonesia Aquaculture market Revenue and Forecasts to 2027 – By Species (US$ Mn)

Table 18.         Indonesia Aquaculture Market Revenue and Forecasts to 2027 – By Nature (US$ Mn)

Table 19.         Indonesia Aquaculture Market Revenue and Forecasts to 2027 – By Culture Environment (US$ Mn)

Table 20.         Vietnam Aquaculture market Revenue and Forecasts to 2027 – By Species (US$ Mn)

Table 21.         Vietnam Aquaculture Market Revenue and Forecasts to 2027 – By Nature (US$ Mn)

Table 22.         Vietnam Aquaculture Market Revenue and Forecasts to 2027 – By Culture Environment (US$ Mn)

Table 23.         South Korea Aquaculture market Revenue and Forecasts to 2027 – By Species (US$ Mn)

Table 24.         South Korea Aquaculture Market Revenue and Forecasts to 2027 – By Nature (US$ Mn)

Table 25.         South Korea Aquaculture Market Revenue and Forecasts to 2027 – By Culture Environment (US$ Mn)

Table 26.         Rest of Asia Pacific Aquaculture market Revenue and Forecasts to 2027 – By Species (US$ Mn)

Table 27.         Rest of Asia Pacific Aquaculture Market Revenue and Forecasts to 2027 – By Nature (US$ Mn)

Table 28.         Rest of Asia Pacific Aquaculture Market Revenue and Forecasts to 2027 – By Culture Environment (US$ Mn)

Table 29.         Glossary of Terms, Aquaculture Market


LIST OF FIGURES

Figure 1.          Asia Pacific Aquaculture Market Segmentations

Figure 2.          Asia Pacific Aquaculture Market Segmentation – By Country

Figure 3.          Asia Pacific Aquaculture Market Overview

Figure 4.          Fish Segment Held Largest Share In The Asia Pacific Aquaculture Market

Figure 5.          China Dominated The Asia Pacific Aquaculture Market In 2018

Figure 6.          Asia Pacific Aquaculture Market, Industry Landscape

Figure 7.          Asia Pacific– PEST Analysis

Figure 8.          Asia Pacific Aquaculture Market Impact Analysis of Driver and Restraints

Figure 9.          Asia Pacific Aquaculture Market Forecast And Analysis, (US$ Mn)

Figure 10.       Asia Pacific Aquaculture Market Breakdown by Species, 2018 & 2027 (%)

Figure 11.       Asia Pacific Aquatic Plants Market Revenue Forecasts To 2027 (US$ Mn)

Figure 12.       Asia Pacific Fish Market Revenue Forecasts To 2027 (US$ Mn)

Figure 13.       Asia Pacific Crustaceans Market Revenue Forecasts To 2027 (US$ Mn)

Figure 14.       Asia Pacific Molluscs Market Revenue Forecasts To 2027 (US$ Mn)

Figure 15.       Asia Pacific Other Species Market Revenue Forecasts To 2027 (US$ Mn)

Figure 16.       Asia Pacific Aquaculture Market Breakdown by Nature, 2018 & 2027 (%)

Figure 17.       Asia Pacific Land Based Aquaculture Market Revenue Forecasts To 2027 (US$ Mn)

Figure 18.       Asia Pacific Offshore Aquaculture Market Revenue Forecasts To 2027 (US$ Mn)

Figure 19.       Asia Pacific Aquaculture Market Breakdown by Culture Environment, 2018 & 2027 (%)

Figure 20.       Asia Pacific Fresh Water Aquaculture Market Revenue Forecasts To 2027 (US$ Mn)

Figure 21.       Asia Pacific Brackish Water Aquaculture Market Revenue Forecasts To 2027 (US$ Mn)

Figure 22.       Asia Pacific Marine Aquaculture Market Revenue Forecasts To 2027 (US$ Mn)

Figure 23.       Asia Pacific Aquaculture market Breakdown by Key Countries, 2018 & 2027(%)

Figure 24.       Australia Aquaculture market Forecasts to 2027 (US$ MN)

Figure 25.       China Aquaculture market Forecasts to 2027 (US$ MN)

Figure 26.       India Aquaculture market Forecasts to 2027 (US$ MN)

Figure 27.       Japan Aquaculture market Forecasts to 2027 (US$ MN)

Figure 28.       Indonesia Aquaculture market Forecasts to 2027 (US$ MN)

Figure 29.       Vietnam Aquaculture market Forecasts to 2027 (US$ MN)

Figure 30.       South Korea Aquaculture market Forecasts to 2027 (US$ MN)

Figure 31.       Rest of Asia Pacific Aquaculture market Forecasts to 2027 (US$ MN)


The List of Companies

  1. Bakkafrost
  2. Cermaq Group AS
  3. Cooke Aquaculture Inc.
  4. HUON AQUACULTURE GROUP PTY LTD.
  5. Lerøy
  6. Mowi ASA
  7. Stehr Group
  8. Stolt-Nielsen Limited
  9. Tassal
  10. Thai Union Group PCL
  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific Aquaculture market, thereby allowing players to develop effective long term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.