Europe Aquaculture Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Aquatic Plants, Fish, Crustaceans, Mollusca, and Others) and Culture Environment (Fresh Water, Brackish Water, and Marine Water)
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 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
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Aquaculture Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinions
5. Europe Aquaculture Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Consumption of Seafood is Rising
5.1.2 Suitable Initiatives by Governments is Boosting the Adoption of Aquaculture
5.2 Restraints
5.2.1 Environmental Hazards
5.3 Opportunity
5.3.1 RAS Technology Being Implemented
5.4 Future trends
5.4.1 Boost in Demand for Aquaculture Owing to Application of Fish Oil in Several Industries
5.5 Impact Analysis of Drivers and Restraints
6. Aquaculture Market – Europe Analysis
6.1 Europe Aquaculture Market Overview
6.2 Europe Aquaculture Market Forecast and Analysis
7. Europe Aquaculture Market Analysis – by Product Type
7.1 Overview
7.2 Europe Aquaculture Market Breakdown, By Product Type, 2020 & 2028
7.3 Aquatic Plants
7.3.1 Overview
7.3.2 Europe Aquatic Plants Market Revenue Forecasts To 2028 (US$ Million)
7.4 Fish
7.4.1 Overview
7.4.2 Europe Fish Market Revenue Forecasts To 2028 (US$ Million)
7.5 Crustaceans
7.5.1 Overview
7.5.2 Europe Crustaceans Market Revenue Forecasts To 2028 (US$ Million)
7.6 Mollusca
7.6.1 Overview
7.6.2 Europe Mollusca Market Revenue Forecasts To 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Europe Others Market Revenue Forecasts To 2028 (US$ Million)
8. Europe Aquaculture Market Analysis – By Culture Environment
8.1 Overview
8.2 Europe Aquaculture Market Breakdown, By Culture Environment, 2020 & 2028
8.3 Fresh Water
8.3.1 Overview
8.3.2 Europe Fresh Water Aquaculture Market Revenue Forecasts To 2028 (US$ Million)
8.4 Brackish Water
8.4.1 Overview
8.4.2 Europe Brackish Water Aquaculture Market Revenue Forecasts To 2028 (US$ Million)
8.5 Marine Water
8.5.1 Overview
8.5.2 Europe Marine Water Aquaculture Market Revenue Forecasts To 2028 (US$ Million)
9. Europe Aquaculture Market – Country Analysis
9.1 Overview
9.1.1 Europe Aquaculture Market Breakdown, by Key Countries
9.1.1.1 Germany Aquaculture Market Revenue Forecasts to 2028 (US$ Million)
9.1.1.1.1 Germany Aquaculture Market Breakdown by Product Type
9.1.1.1.2 Germany Aquaculture Market Breakdown by Culture Environment
9.1.1.2 France Aquaculture Market Revenue Forecasts to 2028 (US$ Million)
9.1.1.2.1 France Aquaculture Market Breakdown by Product Type
9.1.1.2.2 France Aquaculture Market Breakdown by Culture Environment
9.1.1.3 Italy Aquaculture Market Revenue Forecasts to 2028 (US$ Million)
9.1.1.3.1 Italy Aquaculture Market Breakdown by Product Type
9.1.1.3.2 Italy Aquaculture Market Breakdown by Culture Environment
9.1.1.4 UK Aquaculture Market Revenue Forecasts to 2028 (US$ Million)
9.1.1.4.1 UK Aquaculture Market Breakdown by Product Type
9.1.1.4.2 UK Aquaculture Market Breakdown by Culture Environment
9.1.1.5 Russia Aquaculture Market Revenue Forecasts to 2028 (US$ Million)
9.1.1.5.1 Russia Aquaculture Market Breakdown by Product Type
9.1.1.5.2 Russia Aquaculture Market Breakdown by Culture Environment
9.1.1.6 Rest of Europe Aquaculture Market Revenue Forecasts to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe Aquaculture Market Breakdown by Product Type
9.1.1.6.2 Rest of Europe Aquaculture Market Breakdown by Culture Environment
10. Impact of COVID-19 Pandemic on Europe Aquaculture Market
10.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 JBS S.A.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Bakkafrost
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Cermaq Group AS
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Cooke Aquaculture Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Danish Salmon
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Lerøy Seafood
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Mowi ASA
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Stolt-Nielsen
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Thai Union Group PCL.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. Europe Aquaculture Market Revenue Forecasts to 2028 (US$ Million)
Table 2. Germany Aquaculture Market Revenue and Forecasts to 2028 – By Product Type (US$ Million)
Table 3. Germany Aquaculture Market Revenue and Forecasts to 2028 – By Culture Environment (US$ Million)
Table 4. France Aquaculture Market Revenue and Forecasts to 2028 – By Product Type (US$ Million)
Table 5. France Aquaculture Market Revenue and Forecasts to 2028 – By Culture Environment (US$ Million)
Table 6. Italy Aquaculture Market Revenue and Forecasts to 2028 – By Product Type (US$ Million)
Table 7. Italy Aquaculture Market Revenue and Forecasts to 2028 – By Culture Environment (US$ Million)
Table 8. UK Aquaculture Market Revenue and Forecasts to 2028 – By Product Type (US$ Million)
Table 9. UK Aquaculture Market Revenue and Forecasts to 2028 – By Culture Environment (US$ Million)
Table 10. Russia Aquaculture Market Revenue and Forecasts to 2028 – By Product Type (US$ Million)
Table 11. Russia Aquaculture Market Revenue and Forecasts to 2028 – By Culture Environment (US$ Million)
Table 12. Rest of Europe Aquaculture Market Revenue and Forecasts to 2028 – By Product Type (US$ Million)
Table 13. Rest of Europe Aquaculture Market Revenue and Forecasts to 2028 – By Culture Environment (US$ Million)
Table 14. Glossary of terms, Europe Aquaculture Market
LIST OF FIGURES
Figure 1. Europe Aquaculture Market Segmentation
Figure 2. Europe Aquaculture Market Segmentation – By Country
Figure 3. Europe Aquaculture Market Overview
Figure 4. Marine Water Segment Held Largest Share in the Europe Aquaculture Market
Figure 5. Rest of Europe Held the Largest Share in the Europe Aquaculture Market
Figure 6. Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Europe Aquaculture Market Impact Analysis of Driver and Restraints
Figure 9. Europe Aquaculture Market Forecast and Analysis, (US$ Million)
Figure 10. Europe Aquaculture Market Breakdown by Product Type, 2020 & 2028 (%)
Figure 11. Europe Aquatic Plants Market Revenue Forecasts To 2028 (US$ Million)
Figure 12. Europe Fish Market Revenue Forecasts To 2028 (US$ Million)
Figure 13. Europe Crustaceans Market Revenue Forecasts To 2028 (US$ Million)
Figure 14. Europe Mollusca Market Revenue Forecasts To 2028 (US$ Million)
Figure 15. Europe Others Market Revenue Forecasts To 2028 (US$ Million)
Figure 16. Europe Aquaculture Market Breakdown by Culture Environment, 2020 & 2028 (%)
Figure 17. Europe Fresh Water Aquaculture Market Revenue Forecasts To 2028 (US$ Million)
Figure 18. Europe Brackish Water Aquaculture Market Revenue Forecasts To 2028 (US$ Million)
Figure 19. Europe Marine Water Aquaculture Market Revenue Forecasts To 2028 (US$ Million)
Figure 20. Europe Aquaculture Market, by Key Country - Revenue (2020) (US$ Million)
Figure 21. Europe Aquaculture Market Breakdown by Key Countries, 2020 & 2028 (%)
Figure 22. Germany Aquaculture Market Forecasts to 2028 (US$ Million)
Figure 23. France Aquaculture Market Forecasts to 2028 (US$ Million)
Figure 24. Italy Aquaculture Market Forecasts to 2028 (US$ Million)
Figure 25. UK Aquaculture Market Forecasts to 2028 (US$ Million)
Figure 26. Russia Aquaculture Market Forecasts to 2028 (US$ Million)
Figure 27. Rest of Europe Aquaculture Market Forecasts to 2028 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic in Europe Country Markets
- Bakkafrost
- Cermaq Group AS
- Cooke Aquaculture, Inc.
- Danish Salmon
- JBS S.A.
- Leroy Seafood
- Mowi ASA
- Stolt-Nielsen Limited
- Thai Union Group PCL
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe aquaculture market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe aquaculture market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the aquaculture market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution