Aquaculture Products Market by Rearing Product Type (Equipment, Chemicals, Pharmaceuticals, Fertilizers), Culture (Freshwater, Marine, Brackish Water), Species (Aquatic Animals, Aquatic Plants), Production Type, and Region - Global Forecast to 2023

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Date: 10-Sep-2018
No. of pages: 152
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“The aquaculture products market is projected to grow at a CAGR of 7.2% in terms of value between 2018 and 2023.”

The aquaculture products market is projected to grow at a CAGR of 7.2% from 2018, to reach USD 42.56 billion by 2023 from USD 30.10 billion in 2018. Aquaculture products are equipment and raw materials that act as inputs for rearing and farming of aquatic animals and plants. These products enhance regular stocking and feeding of aquatic animals and plants and offer protection from predators. Some of the equipment and supplies considered in this study include containment equipment, water management equipment, chemicals, pharmaceuticals, and fertilizers.

The demand for the aquaculture products industry is projected to be on the rise, owing to factors such as decline in the amount of captured fish, increasing population, and rise in consumption due to the nutritional value of fish.

“The pharmaceuticals segment in the aquaculture products market is projected to grow at the highest rate through the forecast period.”

A wide range of antibiotics, anti-microbial including antibacterial (antibiotics), hormonal vaccines, anesthetics, pigments, minerals, and vitamins are used to avoid or control diseases in aquaculture. The increasing R&D in the pharmaceuticals segment has facilitated higher acceptance of drugs, medicated feed, and vaccines into the regional markets, specifically in developed countries such as the US and Canada. The global market for pharmaceutical usage in aquaculture is also witnessing some key trends. For instance, in the US, the usage of extra-label drugs is permitted in aquaculture under the guidance and supervision of a licensed veterinarian. There has been a growing adoption of in-feed medication for fish to prevent the large-scale spread of diseases. The main aim here is to medicate healthy fish and prevent any kind of contact with infected fish. The demand for medicated aqua feed is increasing in organized fish farms across Europe, given the limited use of antibiotics across the region.

“The Asia Pacific market is projected to dominate the aquatic animals segment in the aquaculture products market during the review period.”

The aquatic animals segment in the aquaculture products market, by species, is segmented into crustaceans, mollusks, finfish, and others. As per the FAO, Asia was the largest producer of aquatic animals in the world with a volume of 71.5 billion tonnes (about 89.4% of the world) in 2017. According to the same source, Asia has the largest inland and marine culture cultivation of aquatic plants, with freshwater culture acquiring more than 50% and marine water acquiring more than 30% of the total aquatic animal cultivation globally. Such factors have prompted several aquaculture product manufacturers to invest in the region, thus increasing the industrialization of aquaculture. These factors are driving the market growth in Asia Pacific for aquatic animal production.

Break-up of primaries:


  • By Company Type: Tier 1–35 %, Tier 2–25%, Tier 3–40%

  • By Designation: C level–25%, Director level–30%, Others–45%

  • By Region: Asia Pacific–38%, North America–25%, Europe–23%, South America-11%, and RoW–4%


The market for aquaculture products is dominated by key players such as Pentair plc, (US), AKVA Group (Norway), Xylem Inc. (US), Aquaculture Equipment Ltd. (UK), Aquaculture System Technologies (US), Luxsol (Belgium), Pioneer Group (Taiwan), CPI Equipment Inc. (US), Asakua (Turkey), FREA Aquaculture Solutions (Denmark), Lifegard Aquatics (US), Tan International Ltd. (UK), Reef Industries Inc. (US), Aquafarm Equipment AS (Norway), and Aquaculture of Texas, Inc. (US).

Research Coverage

The global aquaculture products market has been segmented based on rearing product type, culture, species, production type, and region. In terms of insights, this research report has focused on various levels of analyses—industry analysis, market ranking analysis of top players, and company profiles—which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the aquaculture products market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to buy this report:

To get a comprehensive overview of the aquaculture products market with specific reference to equipment (water pumps and filters, containment equipment, water circulating and aerating equipment, cleaning equipment, feeders, and others), chemicals, fertilizers, pharmaceuticals, freshwater, marine, brackish water, aquatic animals and plants, and small-scale, medium- &large-scale production


  • To gain a wide range of information about the top players in this industry, their product portfolios and the key strategies adopted by them.

  • To gain insights into the major regions/countries in which the aquaculture products industry is flourishing

Aquaculture Products Market by Rearing Product Type (Equipment, Chemicals, Pharmaceuticals, Fertilizers), Culture (Freshwater, Marine, Brackish Water), Species (Aquatic Animals, Aquatic Plants), Production Type, and Region - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Key Industry Insights
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Aquaculture Products Market
4.2 Aquaculture Products Market, By Key Country
4.3 Asia Pacific: Aquaculture Products Market, By Aquatic Animal Species & Key Country
4.4 Aquaculture Products Market, By Production Type & Region
4.5 Aquaculture Products Market, By Equipment & Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth in the Aquaculture Industry
5.2.1.2 Increasing Seafood Trade Propelling Demand
5.2.1.3 Rising Income Levels Leading to Faster Growth in Fish Consumption
5.2.1.4 Rising Trend of Smart Fish Farming
5.2.1.5 Continuous Decline of Natural Feedstock
5.2.1.6 Rising Demand for Aquaponics
5.2.2 Restraints
5.2.2.1 Overfishing
5.2.3 Opportunities
5.2.3.1 Increasing Government Initiatives to Support Aquaculture Products Market
5.2.4 Challenges
5.2.4.1 Harmful Impact on the Environment
5.2.4.2 Food Safety Concerns

6 Aquaculture Products Market, By Rearing Product Type
6.1 Introduction
6.2 Equipment
6.2.1 Containment Equipment
6.2.2 Water Pumps and Filters
6.2.3 Water Circulating and Aerating Equipment
6.2.4 Cleaning Equipment
6.2.5 Feeders
6.2.6 Others
6.3 Chemicals
6.4 Fertilizers
6.5 Pharmaceuticals

7 Aquaculture Products Market, By Culture
7.1 Introduction
7.2 Freshwater
7.3 Marine
7.4 Brackish Water

8 Aquaculture Products Market, By Species
8.1 Introduction
8.2 Aquatic Animals
8.2.1 Finfishes
8.2.2 Mollusks
8.2.3 Crustaceans
8.2.4 Others
8.3 Aquatic Plants
8.3.1 Seaweeds
8.3.2 Microalgae and Other Aquatic Plants

9 Aquaculture Products Market, By Production Type
9.1 Introduction
9.2 Small-Scale
9.3 Medium- & Large-Scale

10 Aquaculture Products Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Norway
10.3.2 UK
10.3.3 Turkey
10.3.4 France
10.3.5 Spain
10.3.6 Italy
10.3.7 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Vietnam
10.4.4 Indonesia
10.4.5 Japan
10.4.6 Thailand
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Chile
10.5.2 Ecuador
10.5.3 Brazil
10.5.4 Rest of South America
10.6 Rest of the World (RoW)
10.6.1 Africa
10.6.2 Middle East

11 Competitive Landscape
11.1 Overview
11.2 Company Rankings
11.3 Competitive Scenario
11.3.1 Acquisitions
11.3.2 Expansions
11.3.3 New Product Developments
11.3.4 Partnership

12 Company Profiles
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
12.1 Pentair PLC
12.2 Akva Group
12.3 Xylem Inc.
12.4 Aquaculture Equipment Ltd
12.5 Aquaculture System Technologies, LLC.
12.6 Luxsol
12.7 Pioneer Group
12.8 CPI Equipment Inc.
12.9 Asakua
12.10 Frea Aquaculture Solutions
12.11 Lifegard Aquatics
12.12 Tan International Ltd
12.13 Reef Industries, Inc.
12.14 Aquafarm Equipment as
12.15 Aquaculture of Texas, Inc.

*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details

List of Tables

Table 1 US Dollar Exchange Rates Considered, 2013–2017
Table 2 Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 3 Asia Pacific: Aquaculture Products Market Size, By Equipment, 2016–2023 (USD Million)
Table 4 Equipment: Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 5 Containment Equipment: Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 6 Water Pumps and Filters: Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 7 Water Circulating and Aerating Equipment: Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 8 Cleaning Equipment: Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 9 Feeders: Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 10 Others: Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 11 Chemicals: Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 12 Fertilizers: Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 13 Pharmaceuticals: Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 14 Aquaculture Products Market Size, By Culture, 2016–2023 (USD Million)
Table 15 Freshwater Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 16 Marine Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 17 Brackish Water Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 18 Aquaculture Products Market Size, By Species, 2016–2023 (USD Million)
Table 19 Aquaculture Products Market Size, By Aquatic Animal, 2016–2023 (USD Million)
Table 20 Aquatic Animals: Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 21 Finfishes: Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 22 Mollusks: Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 23 Crustaceans: Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 24 Other Aquatic Animals: Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 25 Aquaculture Products Market Size, By Aquatic Plant, 2016–2023 (USD Million)
Table 26 Aquatic Plants: Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 27 Seaweeds: Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 28 Micro Algae and Aquatic Plants: Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 29 Aquaculture Products Market Size, By Production Type, 2016–2023 (USD Million)
Table 30 Small-Scale Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 31 Medium- & Large-Scale Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 32 Aquaculture Products Market Size, By Region, 2016–2023 (USD Billion)
Table 33 North America: Aquaculture Products Market Size, By Country, 2016–2023 (USD Million)
Table 34 North America: Aquaculture Products Market Size, By Species, 2016–2023 (USD Million)
Table 35 North America: Aquaculture Products Market Size, By Aquatic Animal, 2016–2023 (USD Million)
Table 36 North America: Aquaculture Products Market Size, By Aquatic Plant, 2016–2023 (USD Million)
Table 37 North America: Aquaculture Products Market Size, By Production Type, 2016–2023 (USD Million)
Table 38 North America: Aquaculture Products Market Size, By Culture, 2016–2023 (USD Million)
Table 39 North America: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 40 North America: Aquaculture Products Market Size, By Equipment Type, 2016–2023 (USD Million)
Table 41 US: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 42 Canada: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 43 Mexico: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 44 Europe: Aquaculture Products Market Size, By Country, 2016–2023 (USD Million)
Table 45 Europe: Aquaculture Products Market Size, By Species, 2016–2023 (USD Million)
Table 46 Europe: Aquaculture Products Market Size, By Aquatic Animal, 2016–2023 (USD Million)
Table 47 Europe: Aquaculture Products Market Size, By Aquatic Plant, 2016–2023 (USD Million)
Table 48 Europe: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 49 Europe: Aquaculture Products Market Size, By Equipment Type, 2016–2023 (USD Million)
Table 50 Europe: Aquaculture Products Market Size, By Culture, 2016–2023 (USD Million)
Table 51 Europe: Aquaculture Products Market Size, By Production Type, 2016–2023 (USD Million)
Table 52 Norway: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 53 UK: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 54 Germany: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 55 France: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 56 Spain: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 57 Italy: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 58 Rest of Europe: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 59 Asia Pacific: Aquaculture Products Market Size, By Country, 2016–2023 (USD Million)
Table 60 Asia Pacific: Aquaculture Products Market Size, By Species, 2016–2023 (USD Million)
Table 61 Asia Pacific: Aquaculture Products Market Size, By Aquatic Animal, 2016–2023 (USD Million)
Table 62 Asia Pacific: Aquaculture Products Market Size, By Aquatic Plant, 2016–2023 (USD Million)
Table 63 Asia Pacific: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 64 Asia Pacific: Aquaculture Products Market Size, By Equipment, 2016–2023 (USD Million)
Table 65 Asia Pacific: Aquaculture Products Market Size, By Culture, 2016–2023 (USD Million)
Table 66 Asia Pacific: Aquaculture Products Market Size, By Production Types, 2016–2023 (USD Million)
Table 67 China: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 68 India: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 69 Vietnam: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 70 Indonesia: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 71 Japan: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 72 Thailand: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 73 Rest of Asia Pacific: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 74 South America: Aquaculture Products Market Size, By Country, 2016–2023 (USD Million)
Table 75 South America: Aquaculture Products Market Size, By Species, 2016–2023 (USD Million)
Table 76 South America: Aquaculture Market Size, By Aquatic Animal, 2016–2023 (USD Million)
Table 77 South America: Aquaculture Products Market Size, By Aquatic Plant, 2016–2023 (USD Million)
Table 78 South America: Aquaculture Products Market Size, By Production Type, 2016–2023 (USD Million)
Table 79 South America: Aquaculture Products Market Size, By Culture, 2016–2023 (USD Million)
Table 80 South America: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 81 South America: Aquaculture Products Market Size, By Equipment Type, 2016–2023 (USD Million)
Table 82 Chile: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 83 Ecuador: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 84 Brazil: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 85 Rest of South America: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 86 RoW: Aquaculture Products Market Size, By Region, 2016–2023 (USD Million)
Table 87 RoW: Aquaculture Products Market Size, By Species, 2016–2023 (USD Million)
Table 88 RoW: Aquaculture Products Market Size, By Aquatic Animal, 2016–2023 (USD Million)
Table 89 RoW: Aquaculture Products Market Size, By Aquatic Plant, 2016–2023 (USD Million)
Table 90 RoW: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 91 RoW: Aquaculture Products Market Size, By Equipment, 2016–2023 (USD Million)
Table 92 RoW: Aquaculture Products Market Size, By Culture, 2016–2023 (USD Million)
Table 93 RoW: Aquaculture Products Market Size, By Production Type, 2016–2023 (USD Million)
Table 94 Africa: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 95 Middle East: Aquaculture Products Market Size, By Rearing Product Type, 2016–2023 (USD Million)
Table 96 Aquaculture Market, Company Rankings, 2017
Table 97 Acquisitions, 2015–2018
Table 98 Expansions, 2015–2017
Table 99 New Product Launches, 2016-2018
Table 100 Partnership, 2017

List of Figures

Figure 1 Aquaculture Products Market Segmentation
Figure 2 Regional Segmentation
Figure 3 Aquaculture Products Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 5 Aquaculture Products Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Aquaculture Products Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 Aquaculture Products Market Snapshot, 2016–2023 (USD Billion)
Figure 9 Aquaculture Products Market, By Rearing Product Type, 2018 vs 2023 (USD Billion)
Figure 10 Aquaculture Products Market, By Culture, 2018 vs 2023 (USD Billion)
Figure 11 Aquaculture Products Market, By Aquatic Animal Species, 2018 vs 2023 (USD Billion)
Figure 12 Aquaculture Products Market Share (Value), By Region, 2017
Figure 13 Growing Demand for Seafood Products and Protein Intake to Drive the Demand for Aquaculture Products
Figure 14 Indonesia is Projected to Be the Fastest-Growing Market for Aquaculture Products Between 2018 and 2023
Figure 15 Finfishes Accounted for the Largest Share of the Asia Pacific Aquaculture Products Market
Figure 16 Asia Pacific to Dominate the Aquaculture Products Market Across Both Methods Through 2023
Figure 17 Containment Equipment to Be the Fastest-Growing Segment During the Forecast Period
Figure 18 Aquaculture Products: Market Dynamics
Figure 19 Export of Fish and Fishery Products, 1998–2016 (USD Billion)
Figure 20 Fish Production, 1950–2016 (Million Tonnes)
Figure 21 Aquaculture Products Market Share (Value), By Rearing Product Type, 2017
Figure 22 Aquaculture Production, By Culture, 2011–2016 (USD Million)
Figure 23 Aquaculture Products Market Share, By Culture, 2017
Figure 24 Geographic Snapshot (2018–2023): Indonesia is Projected to Grow at the Highest Rate and is Emerging as A New Hotspot
Figure 25 Asia Pacific: Market Snapshot
Figure 26 South America: Market Snapshot
Figure 27 Key Developments By Leading Players in the Aquaculture Products Market From 2015 to August 2018
Figure 28 Aquaculture Products Market Developments, By Growth Strategy, 2015–2018
Figure 29 Pentair PLC: Company Snapshot
Figure 30 Pentair PLC: SWOT Analysis
Figure 31 Akva Group: Company Snapshot
Figure 32 Akva Group: SWOT Analysis
Figure 33 Xylem Inc.: Company Snapshot
Figure 34 Xylem Inc.: SWOT Analysis
Figure 35 Aquaculture Equipment Ltd.: SWOT Analysis
Figure 36 Aquaculture System Technologies, LLC.: SWOT Analysis

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