Europe 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: 153    |    Report Code: TIPRE00006664    |    Category: Food and Beverages

Europe Aquaculture Market
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The aquaculture market in Europe is expected to grow from US$ 35,433.63 million in 2021 to US$ 45,918.99 million by 2028; it is estimated to grow at a CAGR of 3.8% from 2021 to 2028.

Aquaculture is significantly contributing to the production of fish and other aquatic animals and the adoption of aquaculture is growing at a steady rate. The increase in demand for fish for human consumption is majorly met by aquaculture, marine fisheries, and inland fisheries. However, an increase in fish production by inland and marine fisheries results in overfishing which negatively impacts the environment and marine ecosystem. Aquaculture owns huge potential for future expansion and it is a great source of fish production. Government initiatives and favorable policies play an important role in generating a suitable environment for entities involved in aquaculture. It includes research, legal framework, and infrastructure for aquaculture. Thus, aquaculture is considered a capable source to meet the increased demand for seafood. Also, there are few certifications and standards associated with the seafood production for the sustainable environment.

The World Wildlife Fund for Nature (WWF) and the Dutch Sustainable Trade Initiative (IDH) have come up with the Aquaculture Stewardship Council (ASC) which was initiated in the year 2010. The goal of this council is to transform the world’s seafood markets to promote social aquaculture performance.

 

In Europe, France, Russia, the UK, Italy, and Germany are among the worst-hit countries by the COVID-19 pandemic. These countries suffered from economic downfall due to restrictions on industrial activities because of lockdowns and border restrictions. The demand for seafood products declined significantly due to various restrictions imposed by the governments. Moreover, due to business shutdowns, there was a shortfall in production and supply which hampered the aquaculture industry across the region. However, the regional market is witnessing a positive recovery with the rising vaccination rates. Moreover, with the relaxation of border restrictions, the companies relying on exports are gradually recovering.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe aquaculture market. The Europe aquaculture market is expected to grow at a good CAGR during the forecast period.

 

Europe Aquaculture

Market Revenue and Forecast to 2028 (US$ Million)

Europe Aquaculture Market Revenue and Forecast to 2028 (US$ Million)
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Europe Aquaculture Strategic Insights

Strategic insights for the Europe 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.

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Europe Aquaculture Report Scope

Report Attribute Details
Market size in 2021 US$ 35,433.63 Million
Market Size by 2028 US$ 45,918.99 Million
Global CAGR (2021 - 2028) 3.8%
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 Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Market leaders and key company profiles
  • Bakkafrost
  • Cermaq Group AS
  • Cooke Aquaculture, Inc.
  • Danish Salmon
  • JBS S.A.
  • Leroy Seafood
  • Mowi ASA
  • Stolt-Nielsen Limited
  • Thai Union Group PCL
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    Europe Aquaculture Regional Insights

    The geographic scope of the Europe 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.

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    Europe Aquaculture Market Segmentation

     

    Europe Aquaculture Market – By Product

    • Aquatic Plants
    • Fish
    • Crustaceans
    • Mollusca
    • Others

    Europe Aquaculture Market – By

    Culture Environment

    • Fresh Water
    • Brackish Water
    • Marine Water

    Europe Aquaculture Market, by Country

    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe

    Europe Aquaculture Market - Companies Mentioned

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

    The List of Companies - Europe Aquaculture Market

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

    The Europe Aquaculture Market is valued at US$ 35,433.63 Million in 2021, it is projected to reach US$ 45,918.99 Million by 2028.

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

    As per our report Europe Aquaculture Market, the market size is valued at US$ 35,433.63 Million in 2021, projecting it to reach US$ 45,918.99 Million by 2028. This translates to a CAGR of approximately 3.8% during the forecast period.

    What segments are covered in this report?

    The Europe 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 Europe Aquaculture Market?

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

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

    The Europe 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.
  • Danish Salmon
  • JBS S.A.
  • Leroy Seafood
  • Mowi ASA
  • Stolt-Nielsen Limited
  • Thai Union Group PCL
  • Who should buy this report?

    The Europe 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 Europe Aquaculture Market value chain can benefit from the information contained in a comprehensive market report.

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