Aquaculture Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 7/31/2017
SIC Codes: 0273
NAICS Codes: 1125
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Aquaculture Industry Profile

Companies in this industry raise fish, shellfish, other aquatic animals, or aquatic plants. No major companies dominate the industry.

Global aquaculture production reached a value of $158 billion in 2015, according to the Food and Agriculture Organization of the United Nations (FAO). About 90% of aquaculture production volume came from the Asia/Pacific region in 2014. China was the top producer; other leading countries for the industry included Indonesia, India, Vietnam, the Philippines, and Bangladesh.

The US aquaculture industry includes about 6,500 farms with combined annual revenue of about $1.4 billion.

Fishing in natural aquatic habitats is covered in the Commercial Fishing profile. Processing of both farmed and wild-caught fish is covered in the Seafood Processing profile.

COMPETITIVE LANDSCAPE

Demand is driven primarily by trends in fish consumption. The profitability of individual companies depends on efficient operations and protecting fish stock from death and disease. Large companies have advantages in vertically integrating operations from breeding to processing and packaging. Small farms, typically those that are family-owned, can compete effectively by specializing in unusual and high-end products or offering onsite fishing.

PRODUCTS, OPERATIONS & TECHNOLOGY

Key global products include carp, salmon, trout, tuna, shrimp, and mollusks such as squid, clams, and oysters. Major US products include catfish; mollusks, such as clams and oysters; and crawfish. Other products include shrimp, salmon, striped bass, and tilapia. Some farms specialize in fee-fishing, allowing fishing enthusiasts to catch and pay for pond-caught fish.

Farm-raised ...

 
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