World Aquaculture Market

  • March 2013
  • -
  • Freedonia
  • -
  • 384 pages

World demand to rise 7.4% annually through 2017

World demand for aquaculture supplies and equipment is forecast to advance 7.4 percent per year to $63.5 billion in 2017.

Rising feed costs will drive advances as fishmeal and fish oil prices continue to grow rapidly, and the ongoing transition from extensive and semi-extensive to intensive aquaculture production supports greater feed demand. However, higher fish product prices -- due in large part to increasing feed costs -- will result in slower growth in global per capita fish consumption, and bring advances in world aquaculture demand to more sustainable levels. The corresponding moderation in world aquaculture output will be particularly significant in China, which is forecast to grow at a slower pace than not only the rest of the Asia/Pacific region, but also South America and the Africa/Mideast region.

Aquafeeds dominate world aquaculture demand

Aquafeeds dominate world demand for aquaculture supplies and equipment, as an increasing share of aquaculture producers have turned to manufactured products, rather than depending on natural food sources. The impact of higher fishmeal and fish oil prices will be partially mitigated by the increasing use of lower cost vegetable fats and proteins, and by declining feed conversion ratios as higher quality feeds allow farmers to use aquafeeds in smaller volumes.

The general trend of increased intensification in production that is contributing to expanded aquafeed use is also expected to continue to positively affect demand for other aquaculture supplies. More intensive production requires the use of different types of equipment, such as pumps, filters, and feeders. Water in tanks or ponds containing dense populations of fish can quickly foul, posing dangers to both the farmed fish and the natural ecosystem, which will promote elevated demand for water treatment chemicals. Feed supplements and pharmaceuticals will benefit from greater pressure from disease and growth problems, which become more significant as stocking densities rise. Although increasing numbers of farmers are using aquafeeds instead of natural food sources, fertilizer demand is expected to grow as farmers in developing countries begin utilizing chemical inorganic fertilizers for carp, tilapia, catfish, and shellfish culture.

Asia/Pacific, Africa/Mideast regions to see fastest gains

Asia was the largest and one of the fastest growing aquaculture producing regions from 2002 to 2012, with China alone accounting for 61 percent of global aquaculture production and 51 percent of aquaculture supply demand in 2012.

While growth in Chinese demand for aquaculture supplies and equipment is expected to moderate, demand in the rest of the Asia/Pacific region is expected to grow rapidly, with only the Africa/ Mideast region exhibiting faster gains.

Central and South America is also expected to significantly expand its presence in the global aquaculture industry through increased production and higher demand for aquaculture inputs. More mature markets, such as Europe and North America, are also expected to show healthy growth in line with the more modest expansions expected in aquaculture production from these regions.

Study coverage

Details on these and other findings are available in the upcoming Freedonia industry study, World Aquaculture: Feed, Equipment & Chemicals, priced at $6100. This study presents historical demand data (2002, 2007, and 2012) plus forecasts for 2017 and 2022 by product, market, and for 16 countries. The study also assesses market factors, evaluates company market share and profiles 39 global industry players including Alltech, BioMar, Cargill, Charoen Pokphand, Cermaq, Grobest, INVE, Nutreco, Royal DSM, and Tongwei.

Table Of Contents

TABLE OF CONTENTS

INTRODUCTION xi

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4
World Economic Overview 5
Recent Historical Trends 5
Macroeconomic Outlook 7
World Per Capita GDP 10
World Population Outlook 12
World Urbanization 14
World Fisheries Overview 15

III. AQUACULTURE INDUSTRY OVERVIEW 21

General 21
Farming Systems 23
Production by Region 26
Production by Fish Type 28
Finfish 30
Carp 33
Tilapia 36
Catfish 38
Salmon and Trout 40
Other Finfish 43
Shellfish 45
Clams 48
Oysters 50
Shrimp and Prawns 52
Other Shellfish 54
World Fisheries Trade 56
Environmental and Regulatory Considerations 57

IV. AQUACULTURE SUPPLIES and EQUIPMENT 60

General 60
Demand by Region 61
Demand by Type 65
Feed 68
Demand by Region 70
Demand by Fish 74
Demand by Ingredient 76
Equipment 79
Water Treatment Chemicals 82
Demand by Region 83
Demand by Type 85
Feed Supplements 88
Pharmaceuticals 90
Fertilizers 92
Markets 94
Hatcheries 95
Intensive Grow-Out Aquaculture 98
Extensive Grow-Out Aquaculture 102

V. ASIA/PACIFIC 107

General 107
Economic Overview 107
Aquaculture Industry Outlook 109
Aquaculture Supplies and Equipment 112
China 116
Vietnam 127
India 136
Indonesia 144
Thailand 152
Philippines 160
Bangladesh 167
Myanmar 174
Japan 181
South Korea 188
Other Asia/Pacific 194

VI. OTHER REGIONS 201

General 201
Europe 202
Economic Overview 202
Aquaculture Industry Outlook 204
Aquaculture Supplies and Equipment 206
Norway 209
Other Europe 216
Central and South America 222
Economic Overview 222
Aquaculture Industry Outlook 224
Aquaculture Supplies and Equipment 226
Chile 229
Brazil 237
Other Central and South America 244
Africa/Mideast 251
Economic Overview 251
Aquaculture Industry Outlook 253
Aquaculture Supplies and Equipment 256
Egypt 259
Other Africa/Mideast 267
North America 273
Economic Overview 273
Aquaculture Industry Outlook 275
Aquaculture Supplies and Equipment 277
United States 280
Canada 290
Mexico 296

VII. INDUSTRY STRUCTURE 302

General 302
Market Share 307
Feed 307
Equipment 313
Nonfeed Consumables 314
Competitive Strategies 318
Acquisitions and Divestitures 320
Cooperative Agreements 322
Marketing and Distribution 326
Company Profiles 327
Aeroglide, see Buhler
AKVA Group ASA 328
Alltech Incorporated 331
Bayer AG 334
BioMar Group A/S 336
Bühler AG 339
Cargill Incorporated 341
Cermaq ASA 342
Charoen Pokphand Foods Public Company Limited 344
Ebara Corporation 346
EWOS Group, see Cermaq
Gold Coin Holdings Sdn Bhd 347
Grobest Holdings Limited 349
Grundfos A/S 351
Guangdong Haid Group Company Limited 352
Guangzhou DaHui Aquaculture Equipment Limited 353
Higashimaru Company Limited 354
Inteqc Group 355
INVE Technologies BV 356
Jiangxi Zhengbang Technology Company Limited 359
Merck and Company Incorporated 360
Ningbo Tech-Bank Company Limited 362
Novozymes A/S 363
Nutreco BV 365
Nutriad, see INVE Technologies
Pentair Limited 369
PT Central Proteinaprima Tbk 371
Rizhao Yangguang Aquaculture Company 373
Royal DSM NV 374
Shihai, see Nutreco
Skretting, see Nutreco
Thai Luxe Enterprises Public Company Limited 375
Thai Union Frozen Products Company Limited 376
Tongwei Company Limited 378
Uni-President Enterprises Corporation 379
Other Companies Mentioned in Study 381



LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 World Gross Domestic Product by Region 10
2 World Per Capita Gross Domestic Product by Region 12
3 World Population by Region 14
4 World Urban Population by Region 15
5 World Fisheries Production by Region 19

SECTION III -- AQUACULTURE INDUSTRY OVERVIEW

1 World Aquaculture Production by Region 27
2 World Aquaculture Production by Fish Type 30
3 World Aquaculture Finfish Production by Fish Type 32
4 World Carp Production by Region 35
5 World Tilapia Production by Region 37
6 World Catfish Production by Region 40
7 World Salmon and Trout Production by Region 43
8 World Other Finfish Production by Region 45
9 World Aquaculture Shellfish Production by Fish Type 47
10 World Clam Production by Region 50
11 World Oyster Production by Region 52
12 World Shrimp and Prawn Production by Region 54
13 World Other Shellfish Production by Region 56

SECTION IV -- AQUACULTURE SUPPLIES and EQUIPMENT

1 World Aquaculture Supplies and Equipment Demand by Region 63
2 World Aquaculture Supplies and Equipment Demand by Type 67
3 World Aquafeed Demand by Region 73
4 World Aquafeed Demand by Fish 75
5 World Aquafeed Demand by Ingredient 79
6 World Aquaculture Equipment Demand by Region 82
7 World Aquaculture Water Treatment Chemicals Demand by Region 85
8 World Aquaculture Water Treatment Chemicals Demand by Type 87
9 World Aquaculture Feed Supplement Demand by Region 89
10 World Aquaculture Pharmaceutical Demand by Region 91
11 World Aquaculture Fertilizer Demand by Region 93
12 World Aquaculture Supplies and Equipment Demand by Market 95
13 World Hatcheries Supplies and Equipment Market 98
14 World Intensive Grow-Out Aquaculture Supplies and Equipment Market 102
15 World Extensive Grow-Out Aquaculture Supplies and Equipment Market 106

SECTION V -- ASIA/PACIFIC

1 Asia/Pacific: Economic and Fisheries Indicators 109
2 Asia/Pacific: Aquaculture Production 112
3 Asia/Pacific: Aquaculture Supplies and Equipment Demand 115
4 China: Economic and Fisheries Indicators 118
5 China: Aquaculture Production 122
6 China: Aquaculture Supplies and Equipment Demand 127
7 Vietnam: Economic and Fisheries Indicators 129
8 Vietnam: Aquaculture Production 132
9 Vietnam: Aquaculture Supplies and Equipment Demand 136
10 India: Economic and Fisheries Indicators 138
11 India: Aquaculture Production 141
12 India: Aquaculture Supplies and Equipment Demand 144
13 Indonesia: Economic and Fisheries Indicators 146
14 Indonesia: Aquaculture Production 148
15 Indonesia: Aquaculture Supplies and Equipment Demand 152
16 Thailand: Economic and Fisheries Indicators 154
17 Thailand: Aquaculture Production 156
18 Thailand: Aquaculture Supplies and Equipment Demand 160
19 Philippines: Economic and Fisheries Indicators 162
20 Philippines: Aquaculture Production 164
21 Philippines: Aquaculture Supplies and Equipment Demand 167
22 Bangladesh: Economic and Fisheries Indicators 169
23 Bangladesh: Aquaculture Production 171
24 Bangladesh: Aquaculture Supplies and Equipment Demand 174
25 Myanmar: Economic and Fisheries Indicators 176
26 Myanmar: Aquaculture Production 178
27 Myanmar: Aquaculture Supplies and Equipment Demand 181
28 Japan: Economic and Fisheries Indicators 183
29 Japan: Aquaculture Production 185
30 Japan: Aquaculture Supplies and Equipment Demand 187
31 South Korea: Economic and Fisheries Indicators 189
32 South Korea: Aquaculture Production 191
33 South Korea: Aquaculture Supplies and Equipment Demand 194
34 Other Asia/Pacific: Economic and Fisheries Indicators 196
35 Other Asia/Pacific: Aquaculture Production 197
36 Other Asia/Pacific: Aquaculture Supplies and Equipment Demand 200

SECTION VI -- OTHER REGIONS

1 Europe: Economic and Fisheries Indicators 204
2 Europe: Aquaculture Production 206
3 Europe: Aquaculture Supplies and Equipment Demand 209
4 Norway: Economic and Fisheries Indicators 211
5 Norway: Aquaculture Production 213
6 Norway: Aquaculture Supplies and Equipment Demand 216
7 Other Europe: Economic and Fisheries Indicators 218
8 Other Europe: Aquaculture Production 219
9 Other Europe: Aquaculture Supplies and Equipment Demand 222
10 Central and South America: Economic and Fisheries Indicators 224
11 Central and South America: Aquaculture Production 226
12 Central and South America: Aquaculture Supplies and Equipment Demand 229
13 Chile: Economic and Fisheries Indicators 231
14 Chile: Aquaculture Production 233
15 Chile: Aquaculture Supplies and Equipment Demand 237
16 Brazil: Economic and Fisheries Indicators 239
17 Brazil: Aquaculture Production 241
18 Brazil: Aquaculture Supplies and Equipment Demand 244
19 Other Central and South America: Economic and Fisheries Indicators 246
20 Other Central and South America: Aquaculture Production 248
21 Other Central and South America: Aquaculture Supplies and Equipment Demand 251
22 Africa/Mideast: Economic and Fisheries Indicators 253
23 Africa/Mideast: Aquaculture Production 256
24 Africa/Mideast: Aquaculture Supplies and Equipment Demand 259
25 Egypt: Economic and Fisheries Indicators 261
26 Egypt: Aquaculture Production 263
27 Egypt: Aquaculture Supplies and Equipment Demand 266
28 Other Africa/Mideast: Economic and Fisheries Indicators 268
29 Other Africa/Mideast: Aquaculture Production 270
30 Other Africa/Mideast: Aquaculture Supplies and Equipment Demand 273
31 North America: Economic and Fisheries Indicators 275
32 North America: Aquaculture Production 277
33 North America: Aquaculture Supplies and Equipment Demand 280
34 United States: Economic and Fisheries Indicators 282
35 United States: Aquaculture Production 286
36 United States: Aquaculture Supplies and Equipment Demand 289
37 Canada: Economic and Fisheries Indicators 291
38 Canada: Aquaculture Production 293
39 Canada: Aquaculture Supplies and Equipment Demand 295
40 Mexico: Economic and Fisheries Indicators 297
41 Mexico: Aquaculture Production 299
42 Mexico: Aquaculture Supplies and Equipment Demand 301

SECTION VII -- INDUSTRY STRUCTURE

1 World Aquaculture Supplies and Equipment Sales by Company, 2012 305
2 Selected Acquisitions and Divestitures 322
3 Selected Cooperative Agreements 325



LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 World Per Capita Fish Consumption, 1960-2022 20
2 World Fisheries Production by Type, 2002-2022 20

SECTION III -- AQUACULTURE INDUSTRY OVERVIEW

1 World Aquaculture Production by Region, 2012 28
2 World Finfish Production by Type, 2012 33
3 World Finfish Production by Type, 2012 48

SECTION IV -- AQUACULTURE SUPPLIES and EQUIPMENT

1 World Aquaculture Supplies and Equipment Demand by Region and Country, 2012 64
2 World Aquaculture Supplies and Equipment Demand by Type, 2012 68
3 World Aquafeed Demand by Fish, 2012 76

SECTION VII -- INDUSTRY STRUCTURE

1 World Aquafeed Market Share, 2012 309
2 World Aquaculture Nonfeed Consumables Market Share, 2012 315

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