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Global Aquaculture Market
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Global Aquaculture Market

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Aquaculture Market- Global Industry Size, Share, Trend Analysis and Forecast Report, 2018-2028, Segmented By Aquatic Plants (Fish, Crustaceans, Mollusca, and Warm Water Species (Grouper, Barramundi, Seabream, Marine Tilapia, Silver Pompano, Yellowfin tuna, Red snapper, King Fish – Seriola lelandi, Meagre and Others (Largemouth Bass, Jade Perch, Catfish, Pangasius, Carp))); By Culture Environment (Fresh Water, Brackish Water, and Marine Water); By Region (North America, Europe, Asia-Pacific, Middle East, and Africa and South and Central America);

  • Published Date: July 2022
  • Report ID: BWC22126
  • Available Format: PDF
  • Page: 191

Report Overview

The growth of the global aquaculture market can be ascribed to the growing demand for seafood and snowballing farming of aquatic animals. Furthermore, the mounting demand for fish oil from various industries like food and beverages, pharmaceuticals, and nutraceuticals, is also driving the market growth...

Global Aquaculture Market - Industry Trends & Forecast Report 2028

The global aquaculture market was worth USD 208,722.93 Million in 2021 and is further projected to reach USD 303,820.77 Million by 2028. The growing demand for seafood and snowballing farming of aquatic animals is one of the key factors lashing the growth of the global aquaculture market. Furthermore, the mounting demand for fish oil from various industries like food and beverages, pharmaceuticals, and nutraceuticals, is also driving the market growth.

Global Aquaculture Market

Global Aquaculture Market Overview

Aquaculture is the practice of raising aquatic creatures in regulated or semi-controlled environments. These organisms include plants, fish, and shellfish such as oysters, mussels, clams, shrimp, crabs, and crawfish. Aquaculture is used for various purposes, including stocking public waters for sportfishing and commercial fishing, saving endangered species, and harvesting a commercially viable crop in ponds or coastal waters. Aquaculture is agriculture in a nutshell: the farmer farms the water instead of the land; the water might be fresh, brackish, or salty, depending on the species. Although aquaculture is a broad phrase, it usually refers to the cultivation of plants and animals in freshwater, whereas mariculture refers to the cultivation of plants and animals in saltwater.

Aquaculture Market Trends

Growth Driver

Rising Demand for Seafood

Over the past 50 years, fish and seafood production has doubled worldwide. The average individual currently consumes over twice as much seafood as they did fifty years ago, in addition to the fact that the world's population has more than doubled during this time. Fish stocks all around the globe are under more strain as a result of this. Since the 1980s, the proportion of fish stocks that are overfished, or caught faster than they can reproduce to maintain population levels, has more than doubled, making the current levels of wild fish catch unsustainable. According to a recent World Bank analysis, 62 % of the seafood we consume will be farm-raised in 2030 to satisfy rising demand from places like Asia, where almost 70 % of fish will be consumed. This propels the growth rate of the global aquaculture market over the forecast period.

Rising Awareness of Fish Breeders

Fish breeders are becoming increasingly conscious of the advantages of implementing effective aquaculture procedures to sustain overall biological productivity and control water quality. They are also adding cutting-edge technology to monitor the water, examine fish behavior, and manage facility logistics. Along these lines, intensive research and development (R&D) initiatives, such as genetic improvements in finfish species, fish reproduction control, chromosome manipulation, and monitoring of parasitic diseases in aquatic animals in off-shore and open oceans, are also anticipated to fuel market growth.

Restraints

Strict Government Regulation on Catching Aquatic Animals

The key factor hampering the market growth of the global aquaculture industry is the strict government regulation on the trapping of aquatic animals pertaining to overfishing as it impacts the fragile balance of the ecosystem of marine environments, so it is predicted to be a restraint for the aquaculture market growth over the forecast years. Likewise, fish may eat unsafe chemicals, particularly mercury, liquidated in water bodies by industries, and if a person unknowingly consumes such a fish, it has severe repercussions on the nervous system of the person. Such factors are expected to play an important role in restraining the market growth of the global aquaculture market.

Impact of COVID-19 on the Global Aquaculture Market

The overall slowdown in economic activity is being experienced globally owing to the COVID-19 pandemic, and the global aquaculture market is not free from such impediments. The COVID-19 pandemic has disrupted and may continue to disrupt the market operations, resulting in material adverse effects on the key player's business, financial condition, and liquidity. The COVID-19 pandemic has given rise to a consistent global logistics and shipping crisis, along with shortages in the availability and increasing costs of container shipping and cargoes. In 2020, the seafood markets have been damagingly impacted by the COVID-19 pandemic. The impact was first apparent in markets in Asia, spreading globally throughout Q1 of 2020 and into Q2 of 2020. All this has interrupted the capacities of the market players to maintain their operations, thus impeding the production and supply of aquaculture products to the global market.

Global Aquaculture Market – By Product Type

Based on the type, the global aquaculture market is segmented into aquatic plants, fish, crustaceans, Mollusca, and warm water species. In this segmentation, the fish segment is predicted to dominate the global aquaculture market with a profitable market share during the forecast period of 2022-2028. The integration of farming, fishing activities, aquaculture, and ecosystem management events are probable to influence the growth of the aquaculture products industry during the forecast timespan 2022-2028. As per the NCBI, the application of aquaculture-based fishing activities throughout twenty-seven countries comprising 80 fish species & 2 million tons of fish products will drive market growth over the forecast period.

Global Aquaculture Market Share

Global Aquaculture Market – By Culture Environment

Based on the cultural environment, the global aquaculture market has been segmented into freshwater, brackish, and marine water. Under this segmentation, freshwater was the highest revenue-generating segment, accounting for a significant share in 2021. Freshwater aquaculture, which is substantial to the aquaculture industry, is the cultivation and breeding of aquatic creatures (fish, shrimp, crab, shellfish, etc.) and plants for economic gain through the utilization of ponds, reservoirs, lakes, rivers, and other inland waterways (including brackish water). The growth can be credited to the rapid development of aquaculture as a feasible alternative to wild fishing and recent advancements emerging in the arena of fishing and aquaculture.

Global Aquaculture Market- Regional Insights                                                     

Based on regional segmentation, the global aquaculture market is segmented into North America, Europe, Asia-Pacific, Middle East, Africa, and South and Central America. Under this classification, the Asia- Pacific accounted for the largest market share in 2021 due to fish being a staple food in countries like Japan and China. South and Central America followed the Asia Pacific region. The technological developments in South America and a few countries in South Africa are predictable to upsurge the growth of the aquaculture market in LAMEA. Moreover, the rapid development in the Middle East in the footings of technology and infrastructure results in a development in the LAMEA market.

Competitive Landscape

The global Aquaculture market is characterized by the presence of many local, regional, and global vendors. The leading players operating in the global Aquaculture market are Maruha Nichiro Corporation, Mowi ASA, Thai Union Group Plc (Thai Union), Austevoll Seafood ASA, Nippon Suisan Kaisha, Ltd., Leroy Seafood Group Asa (Leroy), Cermaq Group As (Mitsubishi Corporation), Bakkafrost (Bakkafrost), Tassal Group Limited (Tassal), Cooke Aquaculture Inc., Dongwon Enterprise Co., Ltd., Trident Seafoods, Red Chamber Co., Grupo Farallon Aquaculture, Aquaculture of Texas Inc. and other prominent players. The players maintain their dominance in the market by investing in research and development activities, integrating the latest and advanced technologies for the customers. Different strategies are adopted, like engaging in strategic alliances, agreements, mergers, and collaborations.

Recent Developments

  • March 2022: For the transfer of Genetically Improved Farmed Tilapia (GIFT) to Nigeria, WorldFish announced an all-inclusive legal agreement with Premium Aquaculture Limited. This arrangement will pave the way for Nigeria to develop a GIFT-based aquaculture business. WorldFish and PAL are partnering on this project with the Bill and Melinda Gates Foundation (BMGF) and the USAID (United States Agency for International Development), intending to have WorldFish/PAL GIFT tilapia in Nigerian fish markets by 2023.
  • August 2021:  Singapore Aquaculture Technologies receives funding from Siemens. According to a statement, Siemens Financial Services (SFS) provided most of the equity investment through Siemens Project Ventures GmbH, Siemens AG's financing arm. Siemens' participation highlights its dedication to becoming the leading provider of data- and AI-driven aquaculture solutions and premium fish products under the BluCurrent label.

Scope of Report:

Attribute Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Forecast – 2022 – 2028
Facts Covered Revenue in USD Million
Market Coverage United States, Canada, Germany, United Kingdom, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, United Arab Emirates, South Africa
Product/Service Segmentation By product type, culture, environment, and region.
Key Players The key players operating in the global Aquaculture market are Maruha Nichiro Corporation, Mowi ASA, Thai Union Group Plc (Thai Union), Austevoll Seafood ASA, Nippon Suisan Kaisha, Ltd., Leroy Seafood Group Asa (Leroy), Cermaq Group As (Mitsubishi Corporation), Bakkafrost (Bakkafrost), Tassal Group Limited (Tassal), Cooke Aquaculture Inc., Dongwon Enterprise Co., Ltd., Trident Seafoods, Red Chamber Co., Grupo Farallon Aquaculture, Aquaculture of Texas Inc. and other prominent players.

 

By Product Type

  • Aquatic Plants
  • Fish
  • Crustaceans
  • Mollusca
  • Warm Water Species
    • Grouper
    • Barramundi
    • Seabream
    • Marine Tilapia
    • Silver Pompano
    • Yellowfin tuna
    • Red snapper
    • King Fish – Seriola lelandi
    • Meager
    • Others (Largemouth Bass, Jade Perch, Catfish, Pangasius, Carp)

By Culture Environment

  • Fresh Water
  • Brackish Water
  • Marine Water

By Region

  • North America
  • Europe
  • Asia-Pacific
  • The Middle East and Africa
  • South and Central America
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Global Aquaculture Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Technological Advancement/Recent Development
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Global Aquaculture Market Overview
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
        1. Aquatic Plants
        2. Fish
        3. Crustaceans
        4. Mollusca
        5.  Warm Water Species
          1. Grouper
          2. Barramundi
          3. Seabream
          4. Marine Tilapia
          5. Silver Pompano
          6. Yellow fin tuna
          7. Red snapper
          8. King Fish – Seriola lelandi
          9. Meagre
          10. Others (Largemouth Bass, Jade Perch, Catfish, Pangasius, Carp)
      2. By Culture Environment
        1. Fresh Water
        2. Brackish Water
        3. Marine Water
      3. By Region
      4. North America
      5. Europe
      6. Asia-Pacific
      7. Middle East and Africa
      8. South and Central America
  6. North America Aquaculture Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Culture Environment
      3. By Country
        1. United States
        2. Canada
  7. Europe Aquaculture Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Culture Environment
      3. By Country
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
  8. Asia-Pacific Aquaculture Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
      2. By Volume (Thousand Units)
    2. Market Share & Forecast
      1. By Product Type
      2. By Culture Environment
      3. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of the Asia-Pacific
  9. Middle East and Africa Aquaculture Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
      2. By Volume (Thousand Units)
    2. Market Share & Forecast
      1. By Product Type
      2. By Culture Environment
      3. By Country
        1. Saudi Arabia
        2. UAE
        3. Egypt
        4. South Africa
        5. Rest of Middle East and Africa
  10. South and Central America Aquaculture Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Culture Environment
      3. By Country
        1. Brazil
        2. Mexico
        3. Rest of South and Central America
  11. Warm Water Aquaculture Scale of Production
    1. Middle East
    2. Arabian Gulf
    3. Gulf of Oman
  12. Global Warm Water Aquaculture Species Demand and the Shortage in the Market
  13. Global Market Demand from Warm Water Final Product Specifications
  14. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
      1. Aquaculture market leaders in Middle East
      2. Aquaculture market leaders in Arabian Gulf
      3. Aquaculture market leaders in GCC
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership.)
  15. Global Warm Water Species Pricing Analysis
    1. Pricing Analysis by Species, 2021
    2. Price Margin Analysis in Value Chain
  16. Impact of Covid-19 on Global Aquaculture Industry
  17. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. Maruha Nichiro Corporation
    2. Mowi ASA
    3. Thai Union Group Plc (Thai Union)
    4. Austevoll Seafood ASA
    5. Nippon Suisan Kaisha, Ltd.
    6. Leroy Seafood Group Asa (Leroy)
    7. Cermaq Group As (Mitsubishi Corporation)
    8. Bakkafrost
    9. Tassal Group Limited (Tassal)
    10. Cooke Aquaculture Inc.
    11. Dongwon Enterprise Co., Ltd
    12. Trident Seafoods
    13. Red Chamber Co.
    14. Grupo Farallon Aquaculture
    15. Aquaculture of Texas Inc.
  18. Key Strategic Recommendations

 

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List Of Figures

 

Figure 1        Global Aquaculture Market Segmentation

Figure 2        Global Aquaculture Market Size, By Value (USD Million)

Figure 3        Global Aquaculture Market Share (%), By Culture Environment, By Value (in %), 2021

Figure 4        Global Aquaculture Market, Industry Value Chain Analysis

Figure 5        Porters Five Forces Analysis

Figure 6        Global Aquaculture Market Size, By Value (USD Million), 2018-2028

Figure 7        Global Aquaculture Market Share (%), By Product Type, By Value, 2018-2028

Figure 8        Global Aquaculture Market Share (%), By Warm Water Species, By Value, 2018-2028

Figure 9        Global Aquaculture Market Share (%), By Culture Environment, By Value, 2018-2028

Figure 10       Global Aquaculture Market Share (%), By Geography, By Value, 2018-2028

Figure 11       North America Aquaculture Market Size, By Value (USD Million), 2018-2028

Figure 12       North America Aquaculture Market Share (%), By Product Type, By Value, 2018-2028

Figure 13       North America Aquaculture Market Share (%), By Warm Water Species, By Value, 2018-2028

Figure 14       North America Aquaculture Market Share (%), By Culture Environment, By Value, 2018-2028

Figure 15       North America Aquaculture Market Share (%), By Country, By Value, 2018-2028

Figure 16       Europe Aquaculture Market Size, By Value (USD Million), 2018-2028

Figure 17       Europe Aquaculture Market Share (%), By Product Type, By Value, 2018-2028

Figure 18       Europe Aquaculture Market Share (%), By Warm Water Species, By Value, 2018-2028

Figure 19       Europe Aquaculture Market Share (%), By Culture Environment, By Value, 2018-2028

Figure 20       Europe Aquaculture Market Share (%), By Country, By Value, 2018-2028

Figure 21       Asia-Pacific Aquaculture Market Size, By Value (USD Million), 2018-2028

Figure 22       Asia-Pacific Aquaculture Market Share (%), By Product Type, By Value, 2018-2028

Figure 23       Asia-Pacific Aquaculture Market Share (%), By Warm Water Species, By Value, 2018-2028

Figure 24       Asia-Pacific Aquaculture Market Share (%), By Culture Environment, By Value, 2018-2028

Figure 25       Asia-Pacific Aquaculture Market Share (%), By Country, By Value, 2018-2028

Figure 26       Middle East and Africa Aquaculture Market Size, By Value (USD Million), 2018-2028

Figure 27       Middle East and Africa Aquaculture Market Share (%), By Product Type, By Value, 2018-2028

Figure 28       Middle East and Africa Aquaculture Market Share (%), By Warm Water Species, By Value, 2018-2028

Figure 29       Middle East and Africa Aquaculture Market Share (%), By Culture Environment, By Value, 2018-2028

Figure 30       Middle East and Africa Aquaculture Market Share (%), By Country, By Value, 2018-2028

Figure 31       South and Central America Aquaculture Market Size, By Value (USD Million), 2018-2028

Figure 32       South and Central America Aquaculture Market Share (%), By Product Type, By Value, 2018-2028

Figure 33       South and Central America Aquaculture Market Share (%), By Warm Water Species, By Value, 2018-2028

Figure 33       South and Central America Aquaculture Market Share (%), By Culture Environment, By Value, 2018-2028

Figure 35       South and Central America Aquaculture Market Share (%), By Country, By Value, 2018-2028

Figure 36       Aquaculture Market Share Analysis in Middle East, 2021

Figure 37       Aquaculture Market Share Analysis in Arabian Gulf, 2021

Figure 38       Aquaculture Market Share Analysis In GCC, 2021

Figure 39       Price Overview of Warm Water Species, 2021, USD/ Kg

Figure 40       Grouper Price Margin Analysis in Value Chain

Figure 41       Barramundi Price Margin Analysis in Value Chain

Figure 42       Seabream Margin Analysis in Value Chain

Figure 43       Yellowfin Tuna Margin Analysis in Value Chain

Figure 44       Red Snapper Margin Analysis in Value Chain

 

List of Tables

 

Table 1         Global Aquaculture Market

Table 2         Fish Consumption, Net export and Production Trends 1997-2030

Table 3         Global Aquaculture Market Size, By Product Type, By Value (USD Million), 2018-2028

Table 4         Global Aquaculture Market Size, By Warm Water Species, By Value (USD Million), 2018-2028

Table 5         Global Aquaculture Market Size, By Culture Environment, By Value (USD Million), 2018-2028

Table 6         Global Aquaculture Market Size, By Geography, By Value (USD Million), 2018-2028

Table 7         North America Aquaculture Market Size, By Product Type, By Value (USD Million), 2018-2028

Table 8         North America Aquaculture Market Size, By Warm Water Species, By Value (USD Million), 2018-2028

Table 9         North America Aquaculture Market Size, By Culture Environment, By Value (USD Million), 2018-2028

Table 10        North America Aquaculture Market Size, By Country, By Value, (USD Million), 2018-2028

Table 11        Europe Aquaculture Market Size, By Product Type, By Value (USD Million), 2018-2028

Table 12        Europe Aquaculture Market Size, By Warm Water Species, By Value (USD Million), 2018-2028

Table 13        Europe Aquaculture Market Size, By Culture Environment, By Value (USD Million), 2018-2028

Table 14        Europe Aquaculture Market Size, By Country, By Value, (USD Million), 2018-2028

Table 15        Asia-Pacific Aquaculture Market Size, By Product Type, By Value (USD Million), 2018-2028

Table 16        Asia-Pacific Aquaculture Market Size, By Warm Water Species, By Value (USD Million), 2018-2028

Table 17        Asia-Pacific Aquaculture Market Size, By Culture Environment, By Value (USD Million), 2018-2028

Table 18        Asia-Pacific Aquaculture Market Size, By Country, By Value, (USD Million), 2018-2028

Table 19        Middle East and Africa Aquaculture Market Size, By Product Type, By Value (USD Million), 2018-2028

Table 20        Middle East and Africa Aquaculture Market Size, By Warm Water Species, By Value (USD Million), 2018-2028

Table 21        Middle East and Africa Aquaculture Market Size, By Culture Environment, By Value (USD Million), 2018-2028

Table 22        Middle East and Africa Aquaculture Market Size, By Country, By Value, (USD Million), 2018-2028

Table 23        South and Central America Aquaculture Market Size, By Product Type, By Value (USD Million), 2018-2028

Table 24        South and Central America Aquaculture Market Size, By Warm Water Species, By Value (USD Million), 2018-2028

Table 25        South and Central America Aquaculture Market Size, By Culture Environment, By Value (USD Million), 2018-2028

Table 26        South and Central America Aquaculture Market Size, By Country, By Value, (USD Million), 2018-2028

Table 27        Warm Water Aquaculture Scale of Production, 2021

Table 28        List of Key Players and Their Offerings

Table 29        Competitive Benchmarking, By Operating Parameters

Table 30        Merger and Acquisition (Past and Upcoming)

Table 31        Maruha Nichiro Corporation Company Overview

Table 32        Maruha Nichiro Corporation Financial Analysis

Table 33        Mowi ASA Company Overview

Table 34        Mowi ASA Financial Analysis

Table 35        Thai Union Group Plc (Thai Union) Company Overview

Table 36        Thai Union Group Plc (Thai Union) Financial Analysis

Table 37        Austevoll Seafood ASA Company Overview

Table 38        Austevoll Seafood ASA Financial Analysis

Table 39        Nippon Suisan Kaisha, Ltd. Company Overview

Table 40        Nippon Suisan Kaisha, Ltd. Financial Analysis

Table 41        Leroy Seafood Group Asa (Leroy)Company Overview

Table 42        Leroy Seafood Group Asa (Leroy) Financial Analysis

Table 43        Cermaq Group AS Company Overview

Table 44        Cermaq Group AS Financial Analysis

Table 45        Bakkafrost (Bakkafrost) Company Overview

Table 46        Bakkafrost (Bakkafrost) Financial Analysis

Table 47        Tassal Group Ltd. Company Overview

Table 48        Tassal Group Ltd. Financial Analysis

Table 49        Cooke Aquaculture Company Overview

Table 50        Dongwon Enterprise Co., Ltd. Company Overview

Table 51        Trident Seafoods Company Overview

Table 52        Red Chamber Co. Company Overview

Table 53        Grupo Farallon Aquaculture Company Overview

Table 54        Aquaculture of Texas Inc. Company Overview

Market Segmentation

By Product Type

  • Aquatic Plants
  • Fish
  • Crustaceans
  • Mollusca
  • Warm Water Species
    • Grouper
    • Barramundi
    • Seabream
    • Marine Tilapia
    • Silver Pompano
    • Yellowfin tuna
    • Red snapper
    • King Fish – Seriola lelandi
    • Meager
    • Others (Largemouth Bass, Jade Perch, Catfish, Pangasius, Carp)

By Culture Environment

  • Fresh Water
  • Brackish Water
  • Marine Water

By Region

  • North America
  • Europe
  • Asia-Pacific
  • The Middle East and Africa
  • South and Central America
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Frequently Asked Questions (FAQs):

Ans: The Asia-Pacific region is growing at the highest pace.
Ans: The fish segment accounted for the largest share in the global aquaculture market.
Ans: The global Aquaculture market reached USD 208,722.93 Million in 2021 across the globe.
Ans: The growth of the global aquaculture market can be ascribed to the growing demand for seafood, along with snowballing farming of aquatic animals. Furthermore, the mounting demand for fish oil from various industries like food and beverages, pharmaceuticals, and nutraceuticals, is also driving the market growth.
Ans: The key players operating in the global aquaculture market are Maruha Nichiro Corporation, Mowi ASA, Thai Union Group Plc (Thai Union), Austevoll Seafood ASA, Nippon Suisan Kaisha, Ltd., Leroy Seafood Group Asa (Leroy), Cermaq Group As (Mitsubishi Corporation), Bakkafrost (Bakkafrost), Tassal Group Limited (Tassal), Cooke Aquaculture Inc., Dongwon Enterprise Co., Ltd., Trident Seafoods, Red Chamber Co., Grupo Farallon Aquaculture, Aquaculture of Texas Inc. and other prominent players.