North America 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)

TIPRE00006660 | Pages: 132 | Food and Beverages | Sep 2019 | Type: Regional | Status: Published

The aquaculture market in North America is expected to grow from US$ 20,110.26 million in 2021 to US$ 27,343.81 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028.

The US, Canada, and Mexico are major economies in North America. Seafood, specifically fish is the part of traditional food in many regions. Also, fish is largely consumed owing to its nutritional benefits and several health benefits. It is considered as a good source of fatty acids, vitamins, minerals, protein, and essential micronutrients. Increase in disposable income and spending power of consumer also upsurge their spending on animal proteins such as seafood as compared to other food categories. Currently, high growth in population and increased popularity of seafood as a healthy source of protein have fueled the growth of aquaculture market. Along with this, the increase in purchasing power of people in developing nations has also supported the market growth. Wild fisheries are not sufficient to meet the North America demand for seafood. Aquaculture is the solution to meet the increasing demand for seafood. Aquaculture is the practice of farming aquatic animals such as fish, crustaceans, mollusks, and others in a controlled environment in man-made tanks and ponds, or water bodies in the coastal areas. It accounts for more than half of the seafood consumption across the world. Overfishing in the oceans has created a need for the development of alternative methods for the production of seafood to feed the planet’s highly growing population. Aquaculture is a sustainable solution over wild fishing to provide future generation with environmentally friendly protein alternatives. It also has reduced greenhouse gas emissions as compared to other types of farming. It is the controlled process of farming of aquatic organisms in inland and coastal areas. Aquaculture is carried out by multinational companies as well as small-scale fisheries. Also, the Food and Agriculture Organization (FAO) has predicted that fish consumption by a human is expected to increase by 50% in the coming 15 years. The rise in the North America fish consumption is driving the growth of the aquaculture market.

 

The US recorded the highest number of COVID-19 confirmed cases, followed by Mexico and Canada. The crisis adversely affected the aquaculture sector in the region due to supply chain disruptions, the shutdown of manufacturing units, and border restrictions, among others. Disruptions in manufacturing processes and research and development activities restrained new developments in the aquaculture market. However, the situation is far better than the initial pandemic period. The governments announced the relaxation of restrictions, and manufacturers have started their operations with full capacity. Moreover, the demand for packaged seafood products increased significantly across the region, which is expected to provide lucrative opportunities for the North America aquaculture market in the years to come.   

 

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 North America aquaculture market. The North America aquaculture market is expected to grow at a good CAGR during the forecast period.

 

North America Aquaculture Market Revenue and Forecast to 2028 (US$ Million)

North America Aquaculture Market Revenue and Forecast to 2028 (US$ Million)

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North America Aquaculture Market Segmentation

 

North America Aquaculture Market – By Product

  • Aquatic Plants
  • Fish
  • Crustaceans
  • Mollusca
  • Others

North America Aquaculture Market – By Culture Environment

  • Fresh Water
  • Brackish Water
  • Marine Water

North America Aquaculture Market, by Country

  • US
  • Canada
  • Mexico

North America Aquaculture Market - Companies Mentioned

  • Bakkafrost
  • Blue Ridge Aquaculture, Inc.
  • Cermaq Group AS
  • Cooke Aquaculture, Inc.
  • 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.           North America 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.           North America Aquaculture Market – Key Industry Dynamics

5.1         Key Market Drivers

5.1.1        Rise in Demand and Consumption of Seafood

5.1.2        Favourable Government Initiatives Boosting the Adoption of Aquaculture North America

5.2         Restraints

5.2.1        Bad Impact on the Environment

5.3         Opportunity

5.3.1        Usage of RAS Technology

5.4         Future trends

5.4.1        Rising Use of Fish Oil in Several Industries is Expected to Boost the Demand for Aquaculture

5.5         Impact Analysis of Drivers and Restraints

6.           Aquaculture Market – North America Analysis

6.1         North America Aquaculture Market Overview

6.2         North America Aquaculture Market Forecast and Analysis

7.           North America Aquaculture Market Analysis – by Product Type

7.1         Overview

7.2         North America Aquaculture Market Breakdown, By Product Type, 2020 & 2028

7.3         Aquatic Plants

7.3.1        Overview

7.3.2        North America Aquatic Plants Market Revenue Forecasts To 2028 (US$ Million)

7.4         Fish

7.4.1        Overview

7.4.2        North America Fish Market Revenue Forecasts To 2028 (US$ Million)

7.5         Crustaceans

7.5.1        Overview

7.5.2        North America Crustaceans Market Revenue Forecasts To 2028 (US$ Million)

7.6         Mollusca

7.6.1        Overview

7.6.2        North America Mollusca Market Revenue Forecasts To 2028 (US$ Million)

7.7         Others

7.7.1        Overview

7.7.2        North America Others Market Revenue Forecasts To 2028 (US$ Million)

8.           North America Aquaculture Market Analysis – By Culture Environment

8.1         Overview

8.2         North America Aquaculture Market Breakdown, By Culture Environment, 2020 & 2028

8.3         Fresh Water

8.3.1        Overview

8.3.2        North America Fresh Water Aquaculture Market Revenue Forecasts To 2028 (US$ Million)

8.4         Brackish Water

8.4.1        Overview

8.4.2        North America Brackish Water Aquaculture Market Revenue Forecasts To 2028 (US$ Million)

8.5         Marine Water

8.5.1        Overview

8.5.2        North America Marine Water Aquaculture Market Revenue Forecasts To 2028 (US$ Million)

9.           North America Aquaculture Market – Country Analysis

9.1         Overview

9.1.1        North America Aquaculture Market Breakdown, by Key Countries

9.1.1.1          US Aquaculture Market Revenue Forecasts to 2028 (US$ Million)

9.1.1.1.1          US Aquaculture Market Breakdown by Product Type

9.1.1.1.2          US Aquaculture Market Breakdown by Culture Environment

9.1.1.2          Canada Aquaculture Market Revenue Forecasts to 2028 (US$ Million)

9.1.1.2.1          Canada Aquaculture Market Breakdown by Product Type

9.1.1.2.2          Canada Aquaculture Market Breakdown by Culture Environment

9.1.1.3          Mexico Aquaculture Market Revenue Forecasts to 2028 (US$ Million)

9.1.1.3.1          Mexico Aquaculture Market Breakdown by Product Type

9.1.1.3.2          Mexico Aquaculture Market Breakdown by Culture Environment

10.        Impact of COVID-19 Pandemic on North America Aquaculture Market

10.1      North America: 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      Blue Ridge Aquaculture, Inc.

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      Cermaq Group AS

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      Cooke Aquaculture Inc.

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.             North America Aquaculture Market Revenue Forecasts to 2028 (US$ Million)

Table 2.             US Aquaculture Market Revenue and Forecasts to 2028 – By Product Type (US$ Million)

Table 3.             US Aquaculture Market Revenue and Forecasts to 2028 – By Culture Environment (US$ Million)

Table 4.             Canada Aquaculture Market Revenue and Forecasts to 2028 – By Product Type (US$ Million)

Table 5.             Canada Aquaculture Market Revenue and Forecasts to 2028 – By Culture Environment (US$ Million)

Table 6.             Mexico Aquaculture Market Revenue and Forecasts to 2028 – By Product Type (US$ Million)

Table 7.             Mexico Aquaculture Market Revenue and Forecasts to 2028 – By Culture Environment (US$ Million)

Table 8.             Glossary of terms, North America Aquaculture Market

 

 

LIST OF FIGURES

Figure 1.           North America Aquaculture Market Segmentation

Figure 2.           North America Aquaculture Market Segmentation – By Country

Figure 3.           North America Aquaculture Market Overview

Figure 4.           Marine Water Segment Held Largest Share in the North America Aquaculture Market

Figure 5.           US Held the Largest Share in the North America Aquaculture Market

Figure 6.           Porter's Five Forces Analysis

Figure 7.           Expert Opinion

Figure 8.           North America Aquaculture Market Impact Analysis of Driver and Restraints

Figure 9.           North America Aquaculture Market Forecast and Analysis, (US$ Million)

Figure 10.        North America Aquaculture Market Breakdown by Product Type, 2020 & 2028 (%)

Figure 11.        North America Aquatic Plants Market Revenue Forecasts To 2028 (US$ Million)

Figure 12.        North America Fish Market Revenue Forecasts To 2028 (US$ Million)

Figure 13.        North America Crustaceans Market Revenue Forecasts To 2028 (US$ Million)

Figure 14.        North America Mollusca Market Revenue Forecasts To 2028 (US$ Million)

Figure 15.        North America Others Market Revenue Forecasts To 2028 (US$ Million)

Figure 16.        North America Aquaculture Market Breakdown by Culture Environment, 2020 & 2028 (%)

Figure 17.        North America Fresh Water Aquaculture Market Revenue Forecasts To 2028 (US$ Million)

Figure 18.        North America Brackish Water Aquaculture Market Revenue Forecasts To 2028 (US$ Million)

Figure 19.        North America Marine Water Aquaculture Market Revenue Forecasts To 2028 (US$ Million)

Figure 20.        North America Aquaculture Market, by Key Country - Revenue (2020) (US$ Million)

Figure 21.        North America Aquaculture Market Breakdown by Key Countries, 2020 & 2028 (%)

Figure 22.        US Aquaculture Market Forecasts to 2028 (US$ Million)

Figure 23.        Canada Aquaculture Market Forecasts to 2028 (US$ Million)

Figure 24.        Mexico Aquaculture Market Forecasts to 2028 (US$ Million)

Figure 25.        Impact of COVID-19 Pandemic in North American Country Markets

  1. Bakkafrost
  2. Blue Ridge Aquaculture, Inc.
  3. Cermaq Group AS
  4. Cooke Aquaculture, Inc.
  5. JBS S.A.
  6. Leroy Seafood
  7. Mowi ASA
  8. Stolt-Nielsen Limited
  9. Thai Union Group PCL
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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
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