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Aquaculture Equipment Market - By Type (Water Purification Equipment, Aeration Devices, Water Circulation and Aeration Equipment, Fish Feeder, Fish Handling Equipment, Water Temperature Control Device, Water Quality Testing Instrument), End Use & Forecast, 2023 – 2032

  • Report ID: GMI5627
  • Published Date: May 2023
  • Report Format: PDF

Aquaculture Equipment Industry Analysis

Aquaculture Equipment Market size valued at USD 135 billion in 2022 and is estimated to grow at a CAGR of 6% from 2023 to 2032. The cultivation of aquatic vegetation, aquatic animals, and other aquatic species is known as aquaculture. In aquatic habitats, organisms are bred, raised, and harvested. The equipment utilized in aquaculture farming is referred to as aquaculture equipment. The aquaculture sector has demonstrated tremendous growth potential over the past year and at a substantial rate. Consequently, an increasing number of players are entering this market.

The fastest-growing sector of the animal-based food industry is aquaculture, which includes fish and seafood farming. The rising per capita seafood consumption around the world is being fuelled by factors including increased global trade, declining wild fish stocks, competitive product pricing, rising income, and urbanization. The factors driving the aquaculture industry include innovative technological advancements, R&D expenditures, and collaboration with key industry players.

Aquaculture Equipment Market

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Every day, millions of people throughout the world consume food from the aquaculture and fishing sector. The sector produces food and protects creatures that are in danger of extinction. Supportive government activities, such as laws and programs, for the establishment of the aquaculture industry pave the way for further growth alongside technological solutions. In the near future, this expansion will open up more opportunities for significant industry players and farmers, presenting aquaculture equipment market expansion.

Fish captured from open waters are normally safe and healthy if they are handled properly and chilled quickly, according to epidemiological statistics on foodborne infections. However, as freshwater and coastal ecosystems are more likely to be contaminated by chemical and biological agents than open oceans, aquaculture products have been associated with food safety concerns. Therefore, a lack of infrastructure and ongoing government regulations may hamper the aquaculture equipment market growth. Aquaculture will undoubtedly play a larger role in the production of aquatic goods for human use, but the economic impact of food contamination associated with aquaculture will be significant. The growth of the aquaculture business will be restricted by issues with food safety.

COVID-19 Impact

The COVID-19 pandemic impacted several manufacturing companies in 2020–2021 as it resulted in workplace shutdowns, supply chain interruptions, and transit restrictions. The lockdown decreased market sales with the closure of retail locations and restrictions on customer access. However, the market growth after the pandemic is attributed to increasing consumer health awareness and understanding as well as the growing demand for highly nutritious seafood. Aquaculture is becoming increasingly popular among people due to its health benefits and increased demand for high-protein meals.

Aquaculture Equipment Market Trends

Aquaculture is expanding but whether it is a solution to overfishing is still up for debate given that 90% of the world's wild fish stocks are completely fished, overexploited, or depleted. As seafood has grown into one of the most marketed food items on the planet, overfishing is on the rise. The delicate marine ecosystems that support the world are harmed when fish populations are depleted. Fish is raised under controlled conditions using the technique of aquaculture, which includes both freshwater and saltwater species. With 44% of all fish consumed coming from this industry, it is the fastest-growing food production sector in the world, yet in order to keep growing, it is heavily dependent on catching wild fish.

Aquaculture Equipment Type Segmentation

Global Aquaculture Equipment Market Size, By Product, 2021 - 2032 (USD Billion)

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According to epidemiological data on foodborne diseases, fish caught in open waters are often safe and healthy if handled correctly and rapidly cooled. Aquaculture products have, however, been linked to worries about food safety since freshwater and coastal habitats are more likely to be contaminated by chemical and biological contaminants than open oceans. Thus, a lack of infrastructure and continuing government regulations may impede the aquaculture equipment market revenue. Aquaculture will likely play a bigger part in the production of aquatic goods for human consumption, but it will also have a huge economic influence on food safety. The aquaculture industry's ability to expand will be constrained by concerns about food safety.

Aquaculture Equipment End Use Segmentation

Aquaculture Equipment Market Revenue Share, By End Use

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The world's wild fish populations are entirely fished, overexploited, or depleted, the question of whether aquaculture offers a solution to overfishing is still up for dispute. Overfishing is on the rise as seafood becomes one of the most widely promoted foods on the planet. Fish population decline has a negative impact on the fragile marine ecosystems that support life on Earth. Aquaculture is a method of raising fish in regulated environments, including both freshwater and saltwater species. It is the fastest-growing sector of food production in the world, providing 60% of all fish consumed, but in order to expand further, it is primarily reliant on harvesting wild fish.

Aquaculture Equipment Regional Analysis

North America Aquaculture Equipment Market Size, 2020- 2032 (USD Billion)

U.S. dominated the North American region with majority aquaculture equipment market share and a revenue of USD 6 billion in 2022. Millions of people every day all over the world eat food produced by the aquaculture and fishing industries. The industry both creates food and guards against extinction species. Along with technological advances, supportive government initiatives, such as regulations and programs for the formation of the aquaculture industry, lay the way for future expansion. This expansion will soon create more prospects for farmers and major companies, offering the business the chance to grow its market.

Aquaculture Equipment Industry Leaders

Some of the leading companies operating in the aquaculture equipment market are Cooke Aquaculture Inc. Aquaculture Equipment Ltd. Huon Aquaculture Group Pty Ltd.Ewos Group Cermaq Group AS Nireus Aquaculture SA Blue Ridge Aquaculture, Inc. Aquatic Equipment & Design Inc Luxsolis Inc. Aquanetix Ltd. Fusion Marine Ltd., Aquabio Ltd., and The Kingfish Company NV. These companies focus on strategic partnerships, new product launch & commercialization for market demand. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Aquaculture Equipment Industry News:

  • Norway, signed a deal for the provision of a complete fish processing facility on the company's innovative trawler. The trawler provides efficiency, quality, and sustainability on all fronts. Similarly, in April 2022, Cflow AS took part in the Nor-Shipping in April 2022 from the fourth to the seventh. The centre of the oceans is Nor-Shipping. Every two years, the top maritime and ocean industries gather in Nor-Shipping to network, collaborate, and strike deals to open up new business prospects.

This aquaculture equipment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:

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Market, By Product, (2018 – 2032)

  • Water Purification Equipment
  • Aeration Devices
  • Water Circulation and Aeration Equipment
  • Fish Feeder
  • Fish Handling Equipment
  • Water Temperature Control Device
  • Water Quality Testing Instrument
  • Others

Market, By End use, (2018 – 2032)

  • Fish hatcheries
  • Grow-out farms
  •  Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Austria
    • Poland
    • Belgium
    • The Netherland
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Philippines
    • Malaysia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Chile
    • Colombia
    • Peru 
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Turkey
    • Egypt
Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of aquaculture equipment was worth around USD 135 billion in 2022 and is estimated to reach USD 247 billion by the end of 2032, owing to the increasing popularity of seafood and rising income levels.

The grow-out farms segment is anticipated to grow substantially through 2032, due to changing dietary preferences and a commendable rise in the consumption of wild fishes and sea animals.

U.S. aquaculture equipment market was valued at USD 6 billion in 2022, credited to the improving technological landscape and favorable regulatory framework.

Leading companies operating in the Aquaculture Equipment industry are Cooke Aquaculture Inc., Aquaculture Equipment Ltd., Huon Aquaculture Group Pty Ltd., Ewos Group Cermaq Group AS, Nireus Aquaculture SA, Blue Ridge Aquaculture, Inc., Aquatic Equipment & Design Inc, Luxsolis Inc., Aquanetix Ltd., Fusion Marine Ltd., Aquabio Ltd., The Kingfish Company NV.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 21
  • Tables & Figures: 228
  • Countries covered: 31
  • Pages: 200
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