Asia Pacific Aquaculture Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Analysis By Product Type (Aquatic Plants, Fish, Crustaceans, Mollusca, and Others) and Culture Environment (Fresh Water, Brackish Water, and Marine Water)


No. of Pages: 123    |    Report Code: TIPRE00027959    |    Category: Food and Beverages

Asia Pacific Aquaculture Market
Buy Now

Market Introduction

Countries like China, India, Japan, Australia, South Korea, Indonesia, and Vietnam, among others, have a plethora of aquaculture industries. The APAC aquaculture market has experienced a huge shift over the years. The production and consumption rate of seafood is expanding rapidly with China and India being the major markets for the aquaculture industry. The APAC has evolved as the largest consumers and exporter of aquaculture products. Fisheries and aquaculture production are one of the major sectors contributing significantly to the economic growth of APAC countries. However, the economic contribution of aquaculture production is less in the South and the Southeast Asian states. Seafood products are among the most traded commodities in the APAC region that bring valuable foreign exchange earnings in this region. Over the past few years, developing countries such as India and Thailand have become net exporters of fish, and a similar trend is projected to boost the aquaculture market in APAC over the coming years.

The COVID-19 pandemic severely affected many industries across APAC, including the food & beverages industry. Due to the shutdown of manufacturing units, disruption of supply chains, and labor shortage, the aquaculture industry across the region got severely hampered. Moreover, APAC is one of the leading exporters of seafood to different international markets. Owing to border restrictions, the exports of seafood products also declined during the initial months of the pandemic. However, China was the first of all the APAC countries to recover from losses due to rapid vaccination and effective government regulations. This is projected to positively impact the growth of the aquaculture market. Moreover, as the manufacturers are permitted to operate with full capacity, the production and supply of seafood products are projected to increase significantly over the coming years. This factor is expected to drive the aquaculture market across APAC.  

 

             

Market Overview and Dynamics

The aquaculture market in APAC is expected to grow from US$ 1,85,110.64 million in 2021 to US$ 2,48,205.92 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028. the rising per capita consumption of seafood in developed and developing countries has propelled the aquaculture sector in APAC. The fish and other seafood products constitute a major part of the diet in the region. Aquaculture provides employment opportunities for the rural population. The rural populations in developing countries such as India were entirely dependent upon inland capture fisheries for their food. However, the decline of fisheries resources due to environmental changes and changing water management regimes are affecting the overall fish production. Fishes raised in the aquaculture sector have been used as an alternative option to inland capture fish as cheap wild fish become less available. The vast availability of coastline and inland waters have been a key source of adequate and cheap protein food in APAC. However, over the past few years, destructive fishing practices, overfishing, and industrial and human wastes have gradually depleted the rich aquatic resources in this region. This may hamper the APAC aquaculture market over the forecast period.   

Key Market Segments

APAC aquaculture market is segmented into product type, culture environment, and country. Based on product type, the aquaculture market is segmented into fish, aquatic plants, crustaceans, mollusca, and others. The fish segment accounted for the largest market share in 2020. Based on culture environment, the aquaculture market is categorized into freshwater, marine water, and brackish water. Marine water segment held the largest market share in 2020. Australia, China, India, Japan, South Korea, and rest of APAC. China held the largest market share in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the aquaculture market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bakkafrost; Cermaq Group AS; Cooke Aquaculture, Inc.; JBS S.A.; Leroy Seafood; Mowi ASA; Stolt-Nielsen Limited; and Thai Union Group PCL.           

Reasons to buy report

  • To understand the APAC aquaculture market landscape and identify market segments that are most likely to guarantee a strong return.
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC aquaculture market.
  • Efficiently plan M&A and partnership deals in APAC aquaculture market by identifying market segments with the most promising probable sales.
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC aquaculture market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC

Aquaculture Market

Segmentation

APAC Aquaculture Market -

By Product Type

  • Aquatic Plants
  • Fish
  • Crustaceans
  • Mollusca
  • Others

APAC Aquaculture Market - By

Culture Environment

  • Fresh Water
  • Brackish Water
  • Marine Water

APAC Aquaculture Market - By Country

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

APAC Aquaculture Market - Company Profiles

  • Bakkafrost
  • Cermaq Group AS
  • Cooke Aquaculture, Inc.
  • JBS S.A.
  • Leroy Seafood
  • Mowi ASA
  • Stolt-Nielsen Limited
  • Thai Union Group PC

Asia Pacific Aquaculture Strategic Insights

Strategic insights for the Asia Pacific Aquaculture provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

strategic-framework/asia-pacific-aquaculture-market-strategic-framework.webp
Get more information on this report

Asia Pacific Aquaculture Report Scope

Report Attribute Details
Market size in 2021 US$ 1,85,110.64 Million
Market Size by 2028 US$ 2,48,205.92 Million
Global CAGR (2021 - 2028) 4.3%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Product Type
  • Aquatic Plants
  • Fish
  • Crustaceans
  • Mollusca
By Culture Environment
  • Fresh Water
  • Brackish Water
  • Marine Water
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • Bakkafrost
  • Cermaq Group AS
  • Cooke Aquaculture, Inc.
  • JBS S.A.
  • Leroy Seafood
  • Mowi ASA
  • Stolt-Nielsen Limited
  • Thai Union Group PCL
  • Get more information on this report

    Asia Pacific Aquaculture Regional Insights

    The geographic scope of the Asia Pacific Aquaculture refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

    geography/asia-pacific-aquaculture-market-geography.webp
    Get more information on this report

    The List of Companies - Asia Pacific Aquaculture Market

    1. Bakkafrost
    2. Cermaq Group AS
    3. Cooke Aquaculture, Inc.
    4. JBS S.A.
    5. Leroy Seafood
    6. Mowi ASA
    7. Stolt-Nielsen Limited
    8. Thai Union Group PCL
    Frequently Asked Questions
    How big is the Asia Pacific Aquaculture Market?

    The Asia Pacific Aquaculture Market is valued at US$ 1,85,110.64 Million in 2021, it is projected to reach US$ 2,48,205.92 Million by 2028.

    What is the CAGR for Asia Pacific Aquaculture Market by (2021 - 2028)?

    As per our report Asia Pacific Aquaculture Market, the market size is valued at US$ 1,85,110.64 Million in 2021, projecting it to reach US$ 2,48,205.92 Million by 2028. This translates to a CAGR of approximately 4.3% during the forecast period.

    What segments are covered in this report?

    The Asia Pacific Aquaculture Market report typically cover these key segments-

    • Product Type (Aquatic Plants, Fish, Crustaceans, Mollusca)
    • Culture Environment (Fresh Water, Brackish Water, Marine Water)

    What is the historic period, base year, and forecast period taken for Asia Pacific Aquaculture Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Aquaculture Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in Asia Pacific Aquaculture Market?

    The Asia Pacific Aquaculture Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Bakkafrost
  • Cermaq Group AS
  • Cooke Aquaculture, Inc.
  • JBS S.A.
  • Leroy Seafood
  • Mowi ASA
  • Stolt-Nielsen Limited
  • Thai Union Group PCL
  • Who should buy this report?

    The Asia Pacific Aquaculture Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Asia Pacific Aquaculture Market value chain can benefit from the information contained in a comprehensive market report.

    Available Report Formats

    pdf-format excel-format pptx-format
    Buy Now