The Latest Aquaculture Industry Statistics Explained
Aquaculture supplies more than 50% of all seafood produced for human consumption globally.
The statistic that aquaculture supplies more than 50% of all seafood produced for human consumption globally highlights the increasing importance of aquaculture in meeting the growing global demand for seafood. Aquaculture, also known as fish farming, involves the cultivation of seafood in controlled environments such as ponds, tanks, or cages. This statistic indicates that the majority of seafood consumed by humans now comes from aquaculture operations rather than wild capture fisheries. The shift towards aquaculture is driven by various factors, including overfishing of wild fish stocks, advances in aquaculture technology, and the ability to control factors like water quality and feeding to optimize production. As the world’s population continues to grow and demand for seafood rises, aquaculture is likely to play an increasingly important role in meeting this demand sustainably.
The global aquaculture market size was valued at USD 169.53 billion in 2020.
This statistic indicates the total market value of the global aquaculture industry in the year 2020, which was estimated to be USD 169.53 billion. Aquaculture refers to the farming and cultivation of aquatic organisms such as fish, crustaceans, and mollusks in controlled environments. The market size value reflects the economic significance and scale of the aquaculture sector, including production, trade, and consumption of aquaculture products worldwide. Factors such as increasing demand for seafood, technological advancements in aquaculture practices, and sustainability concerns are likely contributors to the growth and valuation of the industry.
The aquaculture industry is expected to reach USD 245.23 billion by 2027.
This statistic indicates that the aquaculture industry is projected to grow significantly over the next few years, with an estimated market value of USD 245.23 billion by the year 2027. This suggests a strong upward trend in the industry, likely driven by factors such as increasing global demand for seafood, advancements in aquaculture technology, and growing awareness of the sustainability advantages of aquaculture compared to traditional fishing practices. The significant growth forecasted for the aquaculture industry presents opportunities for investments, innovation, and expansion within the sector, while also highlighting the importance of sustainable practices to ensure the long-term viability of the industry.
China accounts for about 62% of world aquaculture production.
This statistic indicates that China is a dominant player in the global aquaculture industry, producing approximately 62% of the world’s total aquaculture output. Aquaculture involves the farming of aquatic organisms such as fish, shellfish, and seaweed for food production. China’s significant contribution to aquaculture production highlights its prowess in this sector, with a strong emphasis on meeting domestic and international demand for seafood products. The high proportion of world aquaculture production coming from China also suggests the country’s substantial investment in aquaculture infrastructure, technology, and expertise, positioning it as a key player in ensuring food security and economic development in the global seafood market.
In 2018, global aquaculture production amounted to around 114.5 million metric tons.
The statistic indicates that in 2018, the total worldwide production from aquaculture activities reached approximately 114.5 million metric tons. This figure represents the output of various aquatic organisms such as fish, shellfish, and aquatic plants that were cultivated and harvested through aquaculture practices. Aquaculture has become a significant component of the global food production system, providing a substantial amount of protein for human consumption and contributing to food security. The high production volume highlights the importance of aquaculture in meeting the increasing demand for seafood, particularly as wild fish stocks face sustainability challenges.
As of 2020, North America accounted for more than 11% of the total aquaculture market share.
The statistic “As of 2020, North America accounted for more than 11% of the total aquaculture market share” indicates that North America held a significant portion of the aquaculture market compared to the rest of the world. The term aquaculture refers to the farming of fish, crustaceans, and aquatic plants in controlled environments. This statistic implies that North America plays a notable role in the global aquaculture industry, highlighting the region’s involvement and contribution to the production and trade of aquatic products. The prominence of North America in this market suggests a strong presence of aquaculture operations throughout the region, with potential implications for the economy, food supply, and environmental sustainability.
In 2021, Asia-Pacific was predicted to retain the top spot in the aquaculture market.
The statistic ‘In 2021, Asia-Pacific was predicted to retain the top spot in the aquaculture market’ indicates that the Asia-Pacific region was forecasted to maintain its position as the leading market for aquaculture activities in the given year. This signifies that in terms of production, consumption, and trade of aquatic organisms such as fish, shellfish, and seaweed, Asia-Pacific was anticipated to continue dominating the global aquaculture industry. Factors contributing to the region’s prominence in aquaculture may include its favorable geographical conditions, significant investments in aquaculture infrastructure, established supply chains, and high demand for seafood products both domestically and internationally.
The carp fish segment dominated the global aquaculture market from 2012 to 2020.
The statement suggests that within the global aquaculture market between the years 2012 to 2020, the carp fish segment had the highest market share or production volumes compared to other fish species. This indicates that carp fish farming was the most prominent and influential sector within the aquaculture industry during that time period. Factors such as the popularity of carp fish for consumption, their adaptability to aquaculture systems, and potential profitability may have contributed to the domination of the carp fish segment in the global market.
In 2015, aquaculture businesses in Indonesia produced around 14.79 million metric tons.
In 2015, aquaculture businesses in Indonesia generated a total production output of approximately 14.79 million metric tons. This statistic highlights the significant role of the aquaculture industry in Indonesia’s economy and food production system during that period. The substantial production volume indicates the country’s strong capabilities and resources in the aquaculture sector, contributing to domestic food supply and potentially fostering economic growth through exports. The statistic underscores the importance of aquaculture in Indonesia’s overall agricultural landscape and emphasizes the sector’s contribution to meeting the country’s food security needs and economic development goals in 2015.
In U.S. jobs, the aquaculture industry supports slightly more than 10,000.
The statistic that the aquaculture industry in the U.S. supports slightly more than 10,000 jobs indicates the number of direct employment opportunities within the aquaculture sector. This suggests that there are over 10,000 individuals working in various roles related to aquaculture, such as fish farming, shellfish cultivation, and aquaculture research and development. The employment in the aquaculture industry plays a significant role in the economy by providing jobs, income, and opportunities for individuals within this specific sector. Additionally, it highlights the importance of aquaculture as a growing and impactful industry in the U.S., contributing to food production, economic growth, and job creation.
By 2020, 156 countries and territories reported farming 580 aquatic species.
The statistic indicates that by the year 2020, a total of 156 countries and territories reported engaging in farming activities related to 580 aquatic species. This suggests a widespread global participation in aquaculture, with various nations and regions utilizing their natural water resources to cultivate a diverse range of aquatic species for food production or commercial purposes. The large number of countries involved highlights the importance and popularity of aquaculture as a significant industry contributing to global food security, economic development, and sustainability efforts within the aquatic ecosystem.
Crustacean farming accounted for approximately 10% of global aquaculture in 2018.
The statistic “Crustacean farming accounted for approximately 10% of global aquaculture in 2018” indicates that crustacean farming, which includes the cultivation of species like shrimp, crabs, and lobsters, comprised around a tenth of the total aquaculture production worldwide in the year 2018. This demonstrates the significant contribution of crustacean farming to the overall aquaculture industry, highlighting its importance in meeting the growing demand for seafood products. The statistic suggests that crustacean farming is a notable sector within the aquaculture industry and plays a substantial role in providing seafood for global consumption.
In 2019, 82.1 percent of aquatic plants were produced through aquaculture.
The statistic that 82.1 percent of aquatic plants were produced through aquaculture in 2019 indicates the significant role that aquaculture plays in the cultivation of aquatic plant species. Aquaculture, the farming of aquatic organisms such as plants and animals in controlled environments, has become a key factor in meeting the increasing global demand for aquatic plants. This statistic suggests a growing reliance on aquaculture practices to sustainably produce aquatic plants for various purposes, including food production, ornamental use, and environmental conservation. The high percentage of aquatic plants being produced through aquaculture highlights the importance of this method in ensuring efficient and reliable production of aquatic vegetation to meet consumer needs and support ecosystem health.
Aquaculture accounted for nearly half of the world’s food fish in 2016.
In 2016, aquaculture, which is the farming of fish and other aquatic organisms, played a significant role in global food production by accounting for nearly half of the world’s food fish. This statistic highlights the rapidly growing importance of aquaculture in providing sustainable seafood to meet the increasing global demand for fish products. As wild fish stocks face challenges such as overfishing and environmental degradation, aquaculture serves as a key solution to help meet the growing food needs of the world’s population. The fact that aquaculture contributed to such a significant portion of food fish production in 2016 underscores its critical role in ensuring food security and supporting the seafood industry.
In 2017, the U.S. imported 91% of seafood consumed, 50% of which came from aquaculture.
The statistic indicates that in 2017, 91% of the seafood consumed in the United States was imported from other countries. Within these imports, approximately 50% originated from aquaculture sources, which are seafood products cultivated in controlled aquatic environments such as fish farms. This highlights a significant reliance on foreign seafood sources to meet the consumption demands within the U.S., with aquaculture playing a substantial role in supplying half of these imports. It underscores the importance of international trade and aquaculture practices in meeting the seafood consumption needs of the U.S. population.
The Net Profit Margin in the fish & seafood aquaculture industry has been observed to be approximately 6.7% in 2021.
The Net Profit Margin in the fish & seafood aquaculture industry being approximately 6.7% in 2021 indicates that for every dollar of revenue generated by businesses in this sector, they have been able to retain about 6.7 cents as profit after accounting for all expenses and costs related to operations. This metric serves as a key indicator of the industry’s financial health and efficiency in managing resources effectively to generate profits. A 6.7% Net Profit Margin implies that aquaculture businesses in this sector are operating with a reasonable level of profitability relative to their overall revenue, although it also suggests that there may be opportunities for further optimization and improvement in operational efficiency to increase profit margins in the future.
References
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