Water feature: The industry's major players have strongly grown through facility expansions

Rising seafood consumption has driven growth in the Aquaculture industry over the past five years. Increasing health consciousness has also encouraged many consumers to opt for sources of protein that are perceived to be healthier, such as fish and seafood. Increasing disposable incomes have boosted demand for fish and seafood, which are often more expensive than other meats such as chicken.Rising import penetration across a range of fish and seafood industries has limited industry growth over the past five years. An increasing amount of domestic seafood is supplied by developing overseas aquaculture and wild-caught fishing industries, particularly in China and South-East Asia. Industry revenue is expected to increase at an annualised 4.7%...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Rising import pressures across fish and seafood industries have constrained industry growth
  • Rising health consciousness has boosted demand for healthier proteins, such as fish and seafood
  • Increasing health consciousness will likely drive increased seafood consumption
  • Industry Report - Industry Key Buyers Chapter

    The Aquaculture industry is characterised by moderate market share concentration, with the four largest players accounting for over 40% of industry revenue in 2017-18. The industry has become more concentrated over the past five years. The major players have outperformed the industry over the period and have gained market share through expanding production.Outside of the major players, the industry is highly fragmented and diverse, containing many small, individual businesses. Although market share concentration is rising, most industry establishments operate on a smaller scale. This is reflected in the high number of owner-operators, which account for over 65% of industry participants. Furthermore, over 35% of businesses earn less than $50,000 annually...purchase to read more.

    Additional Insights for the Aquaculture Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Aquaculture Industry are

  • Ability to accommodate environmental requirements
  • Access to the latest available and most efficient technology and techniques
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Domestic price of fish and other seafood and Seafood consumption in the Aquaculture industry impact industry performance..

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    What's in this report

    What is the Aquaculture Industry?

    Industry operators breed and farm fish, molluscs and crustaceans.

    Industry Products
  • Salmon and trout
  • Crustaceans
  • Tuna
  • Edible oysters
  • Pearl oysters
  • Other fish
  • Other molluscs
  • Industry Activities
  • Offshore farming of molluscs and seaweed using longlines or racks
  • Offshore farming of finfish using cages
  • Onshore farming of finfish, crustaceans or molluscs in tanks or ponds
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Domestic price of fish and other seafood
  • Seafood consumption
  • Demand from seafood processing
  • Real household disposable income
  • Domestic price of poultry
  • Trade-weighted index

  • Current Performance
  • Revenue and profitability
  • Domestic consumption
  • Overseas pressure
  • Sustainability
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue, profitability and participation
  • Sustainability
  • Global market
  • Technology focus
  • Table: Aquaculture Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Aquaculture Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Seafood Processing
  • Fish and Seafood Wholesaling
  • Supermarkets and Grocery Stores

  • Key Selling Industries
  • Heavy Machinery Repair and Maintenance
  • Prepared Animal and Bird Feed Manufacturing
  • Shearing, Cropping and Agricultural Support Services
  • Telecommunications and Other Electrical Goods Wholesaling

  • Products & Services
  • Salmon and trout
  • Tuna
  • Edible oysters
  • Crustaceans
  • Pearl oysters
  • Other fish
  • Other molluscs
  • Chart: Aquaculture Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Fish and seafood processors
  • Fish and seafood wholesalers
  • Retailers
  • Export markets
  • Chart: Major Market Segmentation for the Aquaculture Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Aquaculture

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Aquaculture Industry

  • Industry Globalization
    Tassal Group Limited, Huon Aquaculture Group Limited,
  • Table: Tassal Group Limited - financial performance
  • Table: Huon Aquaculture Group Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Aquaculture Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Aquaculture Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Fish Stock
  • A particular species of seafood.
  • Fishery
  • An area where fish are caught.
  • Ocean Fishing
  • Catching wild seafood in the ocean.
  • Wild-Caught
  • Fish and seafood that was caught fully-formed from the wild.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Aquaculture market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Aquaculture:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Aquaculture market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Aquaculture, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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