Executive Summary
Azoth Analytics has released research named "Global Aquaculture Genetics Market (2023 Edition)" which provides a complete analysis of the Global Aquaculture Genetics Market industry in terms of market segmentation by Genetic Technique (Gynogenesis, Marker-assisted Selection - MAS, Genome Selection-GS, Genome Editing), Species (Salmon, Tilapia, Shrimp, Crustaceans, Other Species) and By Aquaculture Type (Marine, Freshwater) for the historical period of 2019-2024 and the forecast period of 2024-2029. The research also looks at the market's growth indicators, restraints, development growth and demand risk, and other important statistics, as well as a full assessment of current and future market trends that are relevant to the market evolution.
During the forecast period, 2024-2029, the Global Aquaculture Genetics Market is expected to expand at a CAGR of 9.4%. Aquaculture is adopting genetic technologies due to the growing demand for seafood around the world, as well as concerns about disease outbreaks, environmental effects, and the need for resource-efficient production. Traits including growth rates, disease resistance, and feed conversion efficiency can be specifically enhanced through the use of genetic markers, genomic selection, and selective breeding.
The Global Aquaculture Genetics Market is expected to grow in the forecast period and register a market value of USD 683.94 Million in 2029. To satisfy the rising demand for seafood worldwide, enhance the productivity of aquaculture operations, and address issues with disease control and environmental sustainability, the genetic structure of aquatic species is being improved. Over the next ten years, there will likely be a significant increase in the total amount of seafood consumed worldwide, which has increased at a rate twice as fast as population growth. The constantly evolving nature of the seafood sector, whether local, regional, or global, must be considered in every aquaculture operation. The goal of aquaculture genetics is to produce species that are more resilient to disease.
China dominates almost every sector of aquaculture production. Due to its rapid economic expansion and rising domestic demand for seafood, the country has managed to hold its position as the world's largest producer, processor, and trader of fish, crustaceans, and molluscs. It has also become one of the top consumers of these products. China provides 60% of the world's aquaculture value and volume, on average, across all categories. In several Asian nations, Norway, and Chile, governments have promoted the rise of aquaculture, whereas in many other places, governments have resisted it. Norway and Chile are the two biggest aquaculture producers outside of Asia, each making up a significant share of the world's total production, which mainly produces Atlantic salmon.
Global aquaculture production grew in all regions in 2020, driven by the expansion in Chile, China, and Norway, which increased demand for high-quality and genetically improved fish stocks. The aquaculture genetics market is poised to have a crucial role in delivering innovative approaches to meet the changing needs of the global seafood market. Asia remained the global leader in aquaculture, accounting for 90% of production. Growth in aquaculture often comes at the price of biodiversity. The continued growth of aquaculture is essential to meeting the rising demand for aquatic foods.
Scope of the Report
• The report analyses the Global Aquaculture Genetics Market by Value (USD Million).
• The report presents the analysis of the Global Aquaculture Genetics Market for the historical period of 2019-2022, the estimated year 2023 and the forecast period of 2024-2029.
• The report analyses the Global Aquaculture Genetics Market by Species (Salmon, Tilapia, Shrimp, Crustaceans, Other Species).
• The report analyses the Aquaculture Genetics Market by Aquaculture Type (Marine, Freshwater).
• The report analyses the Aquaculture Genetics Market by Genetic Technique (Gynogenesis, Marker-assisted Selection (MAS), Genome Selection (GS), Genome Editing).
• The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis.
• Also, the major opportunities, trends, drivers and challenges of the industry have been analyzed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Benchmark Holdings Plc, AquaBounty Technologies, Inc., Mowi AS, American Penaeid Inc., AquaGen AS, Blue Genetics, Molokai Broodstock Company, AquaSearch Ova ApS, Xelect Ltd, Hendrix Genetics.
1. Market Background
1.1 Scope and Product Outlook
1.2 Executive Summary
1.3 Research Methodology
2. Analyst Recommendations
2.1 Focus on Sustainable Aquaculture Practices
2.2 Invest in Aquaculture Development
3. Global Aquaculture Genetics Market: Historic and Forecast (2019-2029)
3.1 Impact Analysis of Macro Economic Factors on Aquaculture Genetics Market
3.2 Strategic Initiatives of Seafood Industry
3.3 Positioning of Salmon
3.4 Salmon Market: Global Trade
3.5 Global Salmon Egg Market
3.6 Salmon Egg Sales CAGRs
3.7 Top Aquaculture Producing Countries
3.8 Global Aquaculture Production of Trout
3.9 Global Production of Lead Farmed Fish Species
3.10 World Fisheries and Aquaculture Production, Utilization and Trade
3.11 Production & Export of Salmon and Trout Roe
3.12 Import-Export of Seafood Species
3.13 Global Aquaculture Genetics Market: Dashboard
3.14 Global Aquaculture Genetics Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
3.15 Global Impact of COVID-19 on Aquaculture Genetics Market
3.16 Global Aquaculture Genetics Market Segmentation: By Species
3.16.1 Global Aquaculture Genetics Market, By Species Overview
3.16.2 Global Aquaculture Genetics Market Size, By Salmon, By Value, 2019H-2029F (USD Million & CAGR)
3.16.3 Global Aquaculture Genetics Market Size, By Tilapia, By Value, 2019H-2029F (USD Million & CAGR)
3.16.4 Global Aquaculture Genetics Market Size, By Shrimp, By Value, 2019H-2029F (USD Million & CAGR)
3.16.5 Global Aquaculture Genetics Market Size, By Crustaceans, By Value, 2019H-2029F (USD Million & CAGR)
3.16.6 Global Aquaculture Genetics Market Size, By Other Species, By Value, 2019H-2029F (USD Million & CAGR)
3.17 Global Aquaculture Genetics Market Segmentation: By Aquaculture Type
3.17.1 Global Aquaculture Genetics Market, By Aquaculture Type Overview
3.17.2 Global Aquaculture Genetics Market Size, By Marine, By Value, 2019H-2029F (USD Million & CAGR)
3.17.3 Global Aquaculture Genetics Market Size, By Freshwater, By Value, 2019H-2029F (USD Million & CAGR)
3.18 Global Aquaculture Genetics Market Segmentation: By Genetic Technique
3.18.1 Global Aquaculture Genetics Market, By Genetic Technique Overview
3.18.2 Global Aquaculture Genetics Market Size, By Gynogenesis, By Value, 2019H-2029F (USD Million & CAGR)
3.18.3 Global Aquaculture Genetics Market Size, By Marker-assisted Selection (MAS), By Value, 2019H-2029F (USD Million & CAGR)
3.18.4 Global Aquaculture Genetics Market Size, By Genome Selection (GS), By Value, 2019H-2029F (USD Million & CAGR)
3.18.5 Global Aquaculture Genetics Market Size, By Genome Editing, By Value, 2019H-2029F (USD Million & CAGR)
4. Aquaculture Genetics Market, Region Analysis
4.1 Regional Coverage of the Study
4.2 Regional Snapshot
5. Americas Aquaculture Genetics Market: Historic and Forecast (2019-2029)
5.1 Americas Aquaculture Genetics Market: Snapshot
5.2 Americas Aquaculture Genetics Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.3 Americas Aquaculture Genetics Market: Key Factors
5.4 Americas Aquaculture Genetics Market Segmentation: By Species
5.4.1 Americas Aquaculture Genetics Market, By Species Overview
5.4.2 Americas Aquaculture Genetics Market Size, By Salmon, By Value, 2019H-2029F (USD Million & CAGR)
5.4.3 Americas Aquaculture Genetics Market Size, By Tilapia, By Value, 2019H-2029F (USD Million & CAGR)
5.4.4 Americas Aquaculture Genetics Market Size, By Shrimp, By Value, 2019H-2029F (USD Million & CAGR)
3.8.5 Americas Aquaculture Genetics Market Size, By Crustaceans, By Value, 2019H-2029F (USD Million & CAGR)
5.4.6 Americas Aquaculture Genetics Market Size, By Other Species, By Value, 2019H-2029F (USD Million & CAGR)
5.5 Americas Aquaculture Genetics Market Segmentation: By Aquaculture Type
5.5.1 Americas Aquaculture Genetics Market, By Aquaculture Type Overview
5.5.2 Americas Aquaculture Genetics Market Size, By Marine, By Value, 2019H-2029F (USD Million & CAGR)
5.5.3 Americas Aquaculture Genetics Market Size, By Freshwater, By Value, 2019H-2029F (USD Million & CAGR)
5.6 Americas Aquaculture Genetics Market Segmentation: By Genetic Technique
5.6.1 Americas Aquaculture Genetics Market, By Genetic Technique Overview
5.6.2 Americas Aquaculture Genetics Market Size, By Gynogenesis, By Value, 2019H-2029F (USD Million & CAGR)
5.6.3 Americas Aquaculture Genetics Market Size, By Marker-assisted Selection (MAS), By Value, 2019H-2029F (USD Million & CAGR)
5.6.4 Americas Aquaculture Genetics Market Size, By Genome Selection (GS), By Value, 2019H-2029F (USD Million & CAGR)
5.6.5 Americas Aquaculture Genetics Market Size, By Genome Editing, By Value, 2019H-2029F (USD Million & CAGR)
5.7 Americas Aquaculture Genetics Market Segmentation: By Country
5.7.1 United States Aquaculture Genetics Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.7.1.1 United States Aquaculture Genetics Market, By Species
5.7.1.2 United States Aquaculture Genetics Market, By Aquaculture Type
5.7.1.3 United States Aquaculture Genetics Market, By Genetic Technique
5.7.2 Canada Aquaculture Genetics Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.7.2.1 Canada Aquaculture Genetics Market, By Species
5.7.2.2 Canada Aquaculture Genetics Market, By Aquaculture Type
5.7.2.3 Canada Aquaculture Genetics Market, By Genetic Technique
5.7.3 Brazil Aquaculture Genetics Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.7.3.1 Brazil Aquaculture Genetics Market, By Species
5.7.3.2 Brazil Aquaculture Genetics Market, By Aquaculture Type
5.7.3.3 Brazil Aquaculture Genetics Market, By Genetic Technique
5.7.4 Rest of Americas Aquaculture Genetics Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.7.4.1 Rest of Americas Aquaculture Genetics Market, By Species
5.7.4.2 Rest of Americas Aquaculture Genetics Market, By Aquaculture Type
5.7.4.3 Rest of Americas Aquaculture Genetics Market, By Genetic Technique
6. Europe Aquaculture Genetics Market: Historic and Forecast (2019-2029)
6.1 Europe Aquaculture Genetics Market: Snapshot
6.2 Europe Aquaculture Genetics Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.3 Europe Aquaculture Genetics Market: Key Factors
6.4 Europe Aquaculture Genetics Market Segmentation: By Species
6.4.1 Europe Aquaculture Genetics Market, By Species Overview
6.4.2 Europe Aquaculture Genetics Market Size, By Salmon, By Value, 2019H-2029F (USD Million & CAGR)
6.4.3 Europe Aquaculture Genetics Market Size, By Tilapia, By Value, 2019H-2029F (USD Million & CAGR)
6.4.4 Europe Aquaculture Genetics Market Size, By Shrimp, By Value, 2019H-2029F (USD Million & CAGR)
6.4.5 Europe Aquaculture Genetics Market Size, By Crustaceans, By Value, 2019H-2029F (USD Million & CAGR)
6.4.6 Europe Aquaculture Genetics Market Size, By Other Species, By Value, 2019H-2029F (USD Million & CAGR)
6.5 Europe Aquaculture Genetics Market Segmentation: By Aquaculture Type
6.5.1 Europe Aquaculture Genetics Market, By Aquaculture Type Overview
6.5.2 Europe Aquaculture Genetics Market Size, By Marine, By Value, 2019H-2029F (USD Million & CAGR)
6.5.3 Europe Aquaculture Genetics Market Size, By Freshwater, By Value, 2019H-2029F (USD Million & CAGR)
6.6 Europe Aquaculture Genetics Market Segmentation: By Genetic Technique
6.6.1 Europe Aquaculture Genetics Market, By Genetic Technique Overview
6.6.2 Europe Aquaculture Genetics Market Size, By Gynogenesis, By Value, 2019H-2029F (USD Million & CAGR)
6.6.3 Europe Aquaculture Genetics Market Size, By Marker-assisted Selection (MAS), By Value, 2019H-2029F (USD Million & CAGR)
6.6.4 Europe Aquaculture Genetics Market Size, By Genome Selection (GS), By Value, 2019H-2029F (USD Million & CAGR)
6.6.5 Europe Aquaculture Genetics Market Size, By Genome Editing, By Value, 2019H-2029F (USD Million & CAGR)
6.7 Europe Aquaculture Genetics Market Segmentation: By Country
6.7.1 Germany Aquaculture Genetics Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.7.1.1 Germany Aquaculture Genetics Market, By Species
6.7.1.2 Germany Aquaculture Genetics Market, By Aquaculture Type
6.7.1.3 Germany Aquaculture Genetics Market, By Genetic Technique
6.7.2 France Aquaculture Genetics Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.7.2.1 France Aquaculture Genetics Market, By Species
6.7.2.2 France Aquaculture Genetics Market, By Aquaculture Type
6.7.2.3 France Aquaculture Genetics Market, By Genetic Technique
6.7.3 United Kingdom Aquaculture Genetics Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.7.3.1 United Kingdom Aquaculture Genetics Market, By Species
6.7.3.2 United Kingdom Aquaculture Genetics Market, By Aquaculture Type
6.7.3.3 United Kingdom Aquaculture Genetics Market, By Genetic Technique
6.7.4 Rest of Europe Aquaculture Genetics Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.7.4.1 Rest of Europe Aquaculture Genetics Market, By Species
6.7.4.2 Rest of Europe Aquaculture Genetics Market, By Aquaculture Type
6.7.4.3 Rest of Europe Aquaculture Genetics Market, By Genetic Technique
7. Asia Pacific Aquaculture Genetics Market: Historic and Forecast (2019-2029)
7.1 Asia Pacific Aquaculture Genetics Market: Snapshot
7.2 Asia Pacific Aquaculture Genetics Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.3 Asia Pacific Aquaculture Genetics Market: Key Factors
7.4 Asia Pacific Aquaculture Genetics Market Segmentation: By Species
7.4.1 Asia Pacific Aquaculture Genetics Market, By Species Overview
7.4.2 Asia Pacific Aquaculture Genetics Market Size, By Salmon, By Value, 2019H-2029F (USD Million & CAGR)
7.4.3 Asia Pacific Aquaculture Genetics Market Size, By Tilapia, By Value, 2019H-2029F (USD Million & CAGR)
7.4.4 Asia Pacific Aquaculture Genetics Market Size, By Shrimp, By Value, 2019H-2029F (USD Million & CAGR)
7.4.5 Asia Pacific Aquaculture Genetics Market Size, By Crustaceans, By Value, 2019H-2029F (USD Million & CAGR)
7.4.6 Asia Pacific Aquaculture Genetics Market Size, By Other Species, By Value, 2019H-2029F (USD Million & CAGR)
7.5 Asia Pacific Aquaculture Genetics Market Segmentation: By Aquaculture Type
7.5.1 Asia Pacific Aquaculture Genetics Market, By Aquaculture Type Overview
7.5.2 Asia Pacific Aquaculture Genetics Market Size, By Marine, By Value, 2019H-2029F (USD Million & CAGR)
7.5.3 Asia Pacific Aquaculture Genetics Market Size, By Freshwater, By Value, 2019H-2029F (USD Million & CAGR)
7.6 Asia Pacific Aquaculture Genetics Market Segmentation: By Genetic Technique
7.6.1 Asia Pacific Aquaculture Genetics Market, By Genetic Technique Overview
7.6.2 Asia Pacific Aquaculture Genetics Market Size, By Gynogenesis, By Value, 2019H-2029F (USD Million & CAGR)
7.6.3 Asia Pacific Aquaculture Genetics Market Size, By Marker-assisted Selection (MAS), By Value, 2019H-2029F (USD Million & CAGR)
7.6.4 Asia Pacific Aquaculture Genetics Market Size, By Genome Selection (GS), By Value, 2019H-2029F (USD Million & CAGR)
7.6.5 Asia Pacific Aquaculture Genetics Market Size, By Genome Editing, By Value, 2019H-2029F (USD Million & CAGR)
7.7 Asia Pacific Aquaculture Genetics Market Segmentation: By Country
7.7.1 China Aquaculture Genetics Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.7.1.1 China Aquaculture Genetics Market, By Species
7.7.1.2 China Aquaculture Genetics Market, By Aquaculture Type
7.7.1.3 China Aquaculture Genetics Market, By Genetic Technique
7.7.2 Japan Aquaculture Genetics Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.7.2.1 Japan Aquaculture Genetics Market, By Species
7.7.2.2 Japan Aquaculture Genetics Market, By Aquaculture Type
7.7.2.3 Japan Aquaculture Genetics Market, By Genetic Technique
7.7.3 India Aquaculture Genetics Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.7.3.1 India Aquaculture Genetics Market, By Species
7.7.3.2 India Aquaculture Genetics Market, By Aquaculture Type
7.7.3.3 India Aquaculture Genetics Market, By Genetic Technique
7.7.4 South Korea Aquaculture Genetics Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.7.4.1 South Korea Aquaculture Genetics Market, By Species
7.7.4.2 South Korea Aquaculture Genetics Market, By Aquaculture Type
7.7.4.3 South Korea Aquaculture Genetics Market, By Genetic Technique
7.7.5 Rest of Asia Pacific Aquaculture Genetics Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.7.5.1 Rest of Asia Pacific Aquaculture Genetics Market, By Species
7.7.5.2 Rest of Asia Pacific Aquaculture Genetics Market, By Aquaculture Type
7.7.5.3 Rest of Asia Pacific Aquaculture Genetics Market, By Genetic Technique
8. Middle East & Africa Aquaculture Genetics Market: Historic and Forecast (2019-2029)
8.1 Middle East & Africa Aquaculture Genetics Market: Snapshot
8.2 Middle East & Africa Aquaculture Genetics Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
8.3 Middle East & Africa Aquaculture Genetics Market: Key Factors
8.4 Middle East & Africa Aquaculture Genetics Market Segmentation: By Species
8.4.1 Middle East & Africa Aquaculture Genetics Market, By Species Overview
8.4.2 Middle East & Africa Aquaculture Genetics Market Size, By Salmon, By Value, 2019H-2029F (USD Million & CAGR)
8.4.3 Middle East & Africa Aquaculture Genetics Market Size, By Tilapia, By Value, 2019H-2029F (USD Million & CAGR)
8.4.4 Middle East & Africa Aquaculture Genetics Market Size, By Shrimp, By Value, 2019H-2029F (USD Million & CAGR)
8.4.5 Middle East & Africa Aquaculture Genetics Market Size, By Crustaceans, By Value, 2019H-2029F (USD Million & CAGR)
8.4.6 Middle East & Africa Aquaculture Genetics Market Size, By Other Species, By Value, 2019H-2029F (USD Million & CAGR)
8.5 Middle East & Africa Aquaculture Genetics Market Segmentation: By Aquaculture Type
8.5.1 Middle East & Africa Aquaculture Genetics Market, By Aquaculture Type Overview
8.5.2 Middle East & Africa Aquaculture Genetics Market Size, By Marine, By Value, 2019H-2029F (USD Million & CAGR)
8.5.3 Middle East & Africa Aquaculture Genetics Market Size, By Freshwater, By Value, 2019H-2029F (USD Million & CAGR)
8.6 Middle East & Africa Aquaculture Genetics Market Segmentation: By Genetic Technique
8.6.1 Middle East & Africa Aquaculture Genetics Market, By Genetic Technique Overview
8.6.2 Middle East & Africa Aquaculture Genetics Market Size, By Gynogenesis, By Value, 2019H-2029F (USD Million & CAGR)
8.6.3 Middle East & Africa Aquaculture Genetics Market Size, By Marker-assisted Selection (MAS), By Value, 2019H-2029F (USD Million & CAGR)
8.6.4 Middle East & Africa Aquaculture Genetics Market Size, By Genome Selection (GS), By Value, 2019H-2029F (USD Million & CAGR)
8.6.5 Middle East & Africa Aquaculture Genetics Market Size, By Genome Editing, By Value, 2019H-2029F (USD Million & CAGR)
9. Market Dynamics
9.1 Impact Assessment of Market Dynamics on the Aquaculture Genetics Market
9.2 Drivers
9.3 Restraints
9.4 Trends
10. Industry Ecosystem Analysis
10.1 Value Chain Analysis
10.2 Porter Analysis
11. Competitive Positioning
11.1 Companies' Product Positioning
11.2 Market Position Matrix
11.3 Market Share Analysis of Aquaculture Genetics Market
11.4 Company Profiles
11.4.1 Benchmark Holdings Plc
11.4.2 AquaBounty Technologies, Inc.
11.4.3 Mowi AS
11.4.4 American Penaeid Inc.
11.4.5 AquaGen AS
11.4.6 Blue Genetics
11.4.7 Molokai Broodstock Company
11.4.8 AquaSearch Ova ApS
11.4.9 Xelect Ltd
11.4.10 Hendrix Genetics
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Executive Summary
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