ASIA PACIFIC WARM WATER AQUACULTURE MARKET FORECAST 2019-2027

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ASIA PACIFIC WARM WATER AQUACULTURE MARKET FORECAST 2019-2027

Warm water aquaculture involves the cultivation of aquatic organisms that thrive in warm freshwater under controlled conditions. These organisms include rayfish, catfish, sportfish, mollusks, crustaceans, and aquatic plants. Inkwood Research estimates that the market for warm water aquaculture will grow with an anticipated CAGR of 3.78% during the forecast period and will reach revenue of $60933.90 million by 2027. Also, in terms of volume, the global market for warm water aquaculture will grow with an anticipated CAGR of 2.65% during the projected period and will reach a volume of 46307.63 Kilotons by 2027. The base year considered for the market study is 2018 and the forecasted period is between 2019 and 2027.

ASIA PACIFIC WARM WATER AQUACULTURE MARKET FORECAST 2019-2027

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Warm water aquaculture involves the cultivation of aquatic organisms that thrive in warm freshwater under controlled conditions. These organisms include rayfish, catfish, sportfish, mollusks, crustaceans, and aquatic plants.

Inkwood Research estimates that the market for warm water aquaculture will grow with an anticipated CAGR of 3.78% during the forecast period and will reach revenue of $60933.90 million by 2027. Also, in terms of volume, the global market for warm water aquaculture will grow with an anticipated CAGR of 2.65% during the projected period and will reach a volume of 46307.63 Kilotons by 2027. The base year considered for the market study is 2018 and the forecasted period is between 2019 and 2027.

The Asia Pacific warm water aquaculture market is driven by factors as follows:

  • Increase in government initiatives to boost aquaculture
  • Flexible usage of alternative raw materials
  • Rise in fish & seafood consumption
  • Sustainable technology along with evolution in inland fishing aquaculture
  • Increase in mergers & acquisitions

New technologies like Recirculating Aquaculture Systems (RAS) and Aquaponics (growing of both plants and animals together) provide control to higher production rate with lower contamination loads. Adopting a polyculture aquaculture technique across the world will increase unacceptable pollution and environmental degradation. Thus, enhancing the use of integrated multi-trophic polyculture to decrease organic waste is an opportunity for the aquaculture industry. Proteins and fats are considered as the essential nutrients for fish nutrition. Feed manufacturers are shifting their preference toward inexpensive raw materials, resulting in a reduction of overall production cost. Raw materials are prerequisites for aquaculture feed production. Thus, the availability of readily available raw materials at lower prices and flexible choice of raw materials or composition help producers in minimizing the overall cost of production, thereby expanding the aquaculture feed business.

Chinese Fed Carps is the leading segment in terms of revenue in the warm water aquaculture market with around 35.44% market share in 2018. The species included in Chinese fed carps are Common Carp, Grass carp, Common carp, Wuchang bream, Carassius spp, and Black carp. Carp aquaculture is one of the most widely practiced fish productions in the Asia-Pacific. One of the oldest domesticated species of fish for food has been the common carp. The local environment, cultural method, quality, and quantity of feed supplied stocking density are attributing to the growth of carp.

Moreover, Tilapia segment is anticipated to grow at the highest CAGR of around 4.80% during the forecast period. The fastest growth rate of tilapia is attributed to the specification required for the growth of the fish. Tilapia requires optimal temperatures ranging from 24-32°C. Below 20°C, the growth rate decreases rapidly. As the fishes mature, there will be a metabolic waste in the water due to which the water must be cleaned. In a period of interval tilapia, must be left for few days in a freshwater bucket before harvesting them, so that they are cleaned off from any detritus and any dirt that they may have ingested.

On the other hand, the warm water aquaculture market growth is restricted due to regulatory framework & interference toward feed formulation, increasing the cost of raw materials, rise in temperature and water pollution, and disease transfer. Administrative issues are the key obstacles in the aquafeed business. Aquafeed manufacturing is included under feedstuff regulations in many nations. Makers of feed and feed-added substances are required to follow stringent regulations identified with local and national wellbeing and safety issues for their product endorsement in the developed countries. This, in turn, influences the expenses of the final product. The prominent elements of aqua feed include a fish meal and fish oil. The primary burden for the aquafeed industry is the rising costs of fishmeal. The cost of fishmeal and oil relies on the market supply of leftover fish. Increase in the expense of angling and rise in demand for scrounge fish for human utilization have escalated the price of fish meal and fish oil. Thus, the rise in the cost of raw materials for feed preparation restrains the market growth.

Report scope of the Asia Pacific warm water aquaculture market covers segmentation analysis of species and nature.

Market by Species:

  • Chinese fed carps
  • Tilapia
  • Catfish
  • Milkfish
  • Shrimps
  • Crustaceans

Market by Nature:

  • Organic
  • Conventional

The total market revenue is calculated by the adoption of warm water aquaculture across various verticals.

On the basis of geography, the Asia Pacific warm water aquaculture market has been segmented into a few major regions, which includes:

  • Asia Pacific: China, India, Bangladesh, Vietnam, Thailand, Indonesia, Philippines, and Rest of Asia Pacific

Geographically, China is the largest market with a market share of 61.86% in terms of revenue in 2018. The dominance of China is attributed to its ever-expanding aquaculture sector, as it produces more than 1/3rd of fish supply. Producers are seeking higher returns on scarce land, water, and coastal zone resources as the aquaculture systems are intensifying throughout the country. In China, the top priority has been given to water conservation measures in the overall development program, which is food in the national policy on land and water development. Vietnam is the fastest-growing market. The rapid growth of aquaculture production and the different policies are developed in the region. The indirect and direct government support provided to the aquaculture sector is reflected in the production data for aquaculture in terms of the domestic supply and consumption of fish and seafood. The main aquaculture in Vietnam is shrimps, which accounts for more than 40% share in the overall productions among the species.

The Asia Pacific warm water aquaculture market has been segmented on the basis of species and by nature. The species segment is further sub-segmented into Chinese carp feds, Tilapia, Catfish, Milkfish, Shrimps, and Crustaceans. The market for warm water aquaculture by nature is divided into organic and conventional methods.

The market has the presence of several players, and some of the key players involved in the Asia Pacific warm water aquaculture market are:

  • Aller Aqua Group
  • Alltech, Inc.
  • Avanti Feeds Limited
  • Biomin Holding GmbH
  • Others

In August 2019, Aller Aqua and TripleNine have entered into a research collaboration to identify the raw materials that will benefit the growth and health of the fishes. In June 2017, BioMar Group acquired 70% of the Ecuadorian shrimp feed producer Alimentsa to expand their shrimp feeds in the market.

Key findings of the Asia Pacific Warm water aquaculture market are:

  • China leads the Asia Pacific warm water aquaculture market by capturing the largest market share of around 61.86% in 2018.
  • Vietnam warm water aquaculture market is anticipated to grow at the highest CAGR of XX% during the forecast period of 2019-2027.
  • Shrimps are the fastest growing amongst the species with the highest CAGR of XX% during the forecasted period of 2019-2027.
  • The organic method is increasing in demand among nature

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  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • SHRIMPS ARE THE FASTEST GROWING SPECIES
      • ORGANIC METHOD IS INCREASING IN DEMAND
  1. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • INCREASE IN GOVERNMENT INITIATIVES TO BOOST AQUACULTURE
      • FLEXIBLE USAGE OF ALTERNATIVE RAW MATERIALS
      • RISE IN FISH & SEAFOOD CONSUMPTION
    • MARKET RESTRAINTS
      • REGULATORY FRAMEWORK & INTERFERENCE TOWARD FEED FORMULATION
      • INCREASING COST OF RAW MATERIALS
      • RISE IN TEMPERATURE AND WATER POLLUTION
    • MARKET OPPORTUNITIES
      • SUSTAINABLE TECHNOLOGY ALONG WITH EVOLUTION IN INLAND FISHING AQUACULTURE
      • INCREASE IN MERGERS & ACQUISITIONS
    • MARKET CHALLENGES
      • POLLUTION
      • DISEASE TRANSFER
  1. MARKET BY SPECIES
    • CHINESE FED CARPS
    • TILAPIA
    • CRUSTACEANS
    • CATFISH
    • MILKFISH
    • SHRIMPS
  2. MARKET BY NATURE
    • ORGANIC
    • CONVENTIONAL
  3. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  4. GEOGRAPHICAL ANALYSIS
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • BANGLADESH
      • INDONESIA
      • VIETNAM
      • THAILAND
      • PHILIPPINES
      • REST OF ASIA PACIFIC
  1. COMPANY PROFILES
    • ALLER AQUA GROUP
    • ALLTECH, INC.
    • AVANTI FEEDS LIMITED
    • BENEO GMBH
    • BIOMAR GROUP
    • BIOMIN HOLDING GMBH
    • BLUESTAR ADISSEO CO. LTD. (NUTRIAD INTERNATIONAL)
    • CHAROEN POKPHAND FOODS PCL. (CPF)
    • NUTRECOV.
    • DAINICHI CORPORATION
    • BERNAQUA NV
    • GARANT-TIERNAHRUNG GESELLSCHAFT MBH
    • COOKE AQUACULTURE INC.
    • GRUPO FARALLON AQUACULTURE

 TABLE LIST

TABLE 1: ASIA PACIFIC WARM WATER AQUACULTURE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 2: ASIA PACIFIC WARM WATER AQUACULTURE MARKET, BY COUNTRY, 2019-2027 (IN KILOTONS)

TABLE 3: ASIA PACIFIC WARM WATER AQUACULTURE MARKET, BY SPECIES, 2019-2027 (IN $ MILLION)

TABLE 4: ASIA PACIFIC WARM WATER AQUACULTURE MARKET, BY SPECIES, 2019-2027 (IN $ KILOTONS)

TABLE 5: ASIA PACIFIC WARM WATER AQUACULTURE MARKET, BY NATURE 2019-2027 (IN $ MILLION)

TABLE 6: OPPORTUNITY MATRIX

TABLE 7: VENDOR LANDSCAPE

TABLE 8: ASIA PACIFIC WARM WATER AQUACULTURE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 9: ASIA PACIFIC WARM WATER AQUACULTURE MARKET, BY COUNTRY, 2019-2027 (IN KILOTONS)

FIGURE LIST

FIGURE 1: ASIA PACIFIC WARM WATER AQUACULTURE MARKET, BY SPECIES, 2018 & 2027 (IN %)

FIGURE 2: ASIA PACIFIC WARM WATER AQUACULTURE MARKET, BY SHRIMPS, 2019-2027 (IN $ MILLION)

FIGURE 3: ASIA PACIFIC WARM WATER AQUACULTURE MARKET, BY CONVENTIONAL, 2019-2027 (IN $ MILLION)

FIGURE 4: ASIA PACIFIC WARM WATER AQUACULTURE MARKET, BY CHINESE FED CARPS, 2019-2027 (IN $ MILLION)

FIGURE 5: ASIA PACIFIC WARM WATER AQUACULTURE MARKET, BY TILAPIA, 2019-2027 (IN $ MILLION)

FIGURE 6: ASIA PACIFIC WARM WATER AQUACULTURE MARKET, BY CRUSTACEANS, 2019-2027 (IN $ MILLION)

FIGURE 7: ASIA PACIFIC WARM WATER AQUACULTURE MARKET, BY CATFISH, 2019-2027 (IN $ MILLION)

FIGURE 8: ASIA PACIFIC WARM WATER AQUACULTURE MARKET, BY MILKFISH, 2019-2027 (IN $ MILLION)

FIGURE 9: ASIA PACIFIC WARM WATER AQUACULTURE MARKET, BY SHRIMPS, 2019-2027 (IN $ MILLION)

FIGURE 10: ASIA PACIFIC WARM WATER AQUACULTURE MARKET, BY ORGANIC, 2019-2027 (IN $ MILLION)

FIGURE 11: ASIA PACIFIC WARM WATER AQUACULTURE MARKET, BY CONVENTIONAL, 2019-2027 (IN $ MILLION)

FIGURE 12: PORTER’S FIVE FORCE ANALYSIS

FIGURE 13: ASIA PACIFIC WARM WATER AQUACULTURE MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 14: CHINA WARM WATER AQUACULTURE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 15: INDIA WARM WATER AQUACULTURE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 16: BANGLADESH WARM WATER AQUACULTURE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 17: INDONESIA WARM WATER AQUACULTURE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 18: VIETNAM WARM WATER AQUACULTURE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 19: THAILAND WARM WATER AQUACULTURE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 20: PHILIPPINES WARM WATER AQUACULTURE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 21: REST OF ASIA PACIFIC WARM WATER AQUACULTURE MARKET, 2019-2027 (IN $ MILLION)

  1. GEOGRAPHICAL ANALYSIS
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • BANGLADESH
      • INDONESIA
      • VIETNAM
      • THAILAND
      • PHILIPPINES
      • REST OF ASIA PACIFIC
  1. MARKET BY SPECIES
    • CHINESE FED CARPS
    • TILAPIA
    • CRUSTACEANS
    • CATFISH
    • MILKFISH
    • SHRIMPS
  2. MARKET BY NATURE
    • ORGANIC
    • CONVENTIONAL

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