Going swimmingly: Rising health consciousness has boosted demand for seafood

Rising seafood consumption has driven revenue growth in the Aquaculture industry over the past five years. Increasing health consciousness has encouraged many consumers to opt for sources of protein that they perceive to be healthier, such as fish and seafood. In addition, rising demand for premium products, such as Atlantic salmon and abalone, has supported industry operators over the past five years.Strong import penetration across the overall domestic fish and seafood market has limited industry growth over the past five years. Processed imports from countries such as China and Thailand have limited demand for domestic produce from key downstream markets, such as seafood processing establishments and retailers, over the period...read more.

Industry Statistics & Market Size
Annual Growth 15-20
Forecast Growth 20-25

Industry Threats & Opportunities

  • Increased demand for salmon has seen Tassal gain significant market share over the past five years
  • Rising health consciousness has boosted demand for healthier proteins, such as fish and seafood
  • Increasing health consciousness will likely drive increased seafood consumption
  • Industry Report - Industry Products Chapter

    Operators in the Aquaculture industry farm three types of produce in Australia: fish, crustaceans and molluscs. Fish production accounts for the majority of industry revenue and has increased rapidly over the past five years. This increase is due to the growing popularity of salmon among Australian consumers.Salmon and troutSalmon and trout account for the largest share of industry revenue. Australian salmon farming commenced in the mid-1980s, and over 95% of production occurs in Tasmania. Successful marketing campaigns promoting the health benefits of the product, and improvements in farming technology and processes have boosted the value of salmon over the past five years. Consequently, this segment has grown as a portion of industry revenue over the period...purchase to read more.

    Additional Insights for the Aquaculture Industry

    IBISWorld has determined the most important Key Success Factors for the Aquaculture are:

  • Ability to accommodate environmental requirements
  • Access to the latest available and most efficient technology and techniques
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Domestic price of fish and other seafood and Seafood consumption in the Aquaculture industry impact industry performance..

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    What's in this report

    What is the Aquaculture Industry?

    Industry operators breed and farm fish, molluscs and crustaceans.

    Industry Products
  • Salmon and trout
  • Crustaceans
  • Tuna
  • Edible oysters
  • Pearl oysters
  • Other fish
  • Other molluscs
  • Industry Activities
  • Offshore farming of molluscs and seaweed using longlines or racks
  • Offshore farming of finfish using cages
  • Onshore farming of finfish, crustaceans or molluscs in tanks or ponds
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Domestic price of fish and other seafood
  • Seafood consumption
  • Demand from seafood processing
  • Real household disposable income
  • Domestic price of poultry
  • Trade-weighted index

  • Current Performance
  • Revenue and profitability
  • Domestic consumption
  • Overseas pressure
  • Sustainability
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue, profitability and participation
  • Sustainability
  • Global market
  • Technology focus
  • Table: Aquaculture Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Aquaculture Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Seafood Processing
  • Fish and Seafood Wholesaling
  • Supermarkets and Grocery Stores

  • Key Selling Industries
  • Heavy Machinery Repair and Maintenance
  • Prepared Animal and Bird Feed Manufacturing
  • Shearing, Cropping and Agricultural Support Services
  • Telecommunications and Other Electrical Goods Wholesaling

  • Products & Services
  • Salmon and trout
  • Tuna
  • Edible oysters
  • Crustaceans
  • Other fish
  • Pearl oysters
  • Other molluscs
  • Chart: Aquaculture Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Fish and seafood processors
  • Fish and seafood wholesalers
  • Retailers
  • Export markets
  • Chart: Major Market Segmentation for the Aquaculture Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Aquaculture

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Aquaculture Industry

  • Industry Globalization
    Tassal Group Limited, Huon Aquaculture Group Limited,
  • Table: Tassal Group Limited - financial performance
  • Table: Huon Aquaculture Group Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Aquaculture Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Aquaculture Industry
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Exports (2011-2025)
  • Imports (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Fish Stock
  • A particular species of seafood.
  • Fishery
  • An area where fish are caught.
  • Ocean Fishing
  • Catching wild seafood in the ocean.
  • Wild-Caught
  • Fish and seafood that was caught fully-formed from the wild.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Aquaculture market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
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    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Aquaculture:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Aquaculture market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Aquaculture, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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