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          1. Aquaculture Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 8/31/2020
            SIC Codes: 0273
            NAICS Codes: 1125
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Aquaculture Industry Profile

            Companies in this industry raise fish, shellfish, other aquatic animals, or aquatic plants. No major companies dominate the industry.

            Globally, aquaculture supplies more than half of all seafood produced for human consumption. Led by China, the Asia/Pacific region dominates worldwide aquaculture production.

            The US aquaculture industry includes about 12,800 farms with combined annual revenue of about $3.3 billion.

            Fishing in natural aquatic habitats is covered in the Commercial Fishing profile. Processing of both farmed and wild-caught fish is covered in the Seafood Processing profile.

            COMPETITIVE LANDSCAPE

            Demand is driven primarily by trends in fish consumption. The profitability of individual companies depends on efficient operations and protecting fish stock from death and disease. Large companies have advantages in vertically integrating operations from breeding to processing and packaging. Small farms, typically those that are family-owned, can compete effectively by specializing in unusual and high-end products or offering onsite fishing.

            PRODUCTS, OPERATIONS & TECHNOLOGY

            Key global products include carp, salmon, trout, tuna, shrimp, and mollusks such as squid, clams, and oysters. Major US products include catfish; mollusks, such as clams and oysters; and crawfish. Other products include shrimp, salmon, striped bass, and tilapia. Some farms specialize in fee-fishing, allowing fishing enthusiasts to catch and pay for pond-caught fish.

            Farm-raised catfish are grown in open freshwater production systems, typically earthen ponds fed by groundwater. Salmon are hatched in fresh water and transferred to saltwater pens for final growout. Mollusk aquaculture is ...

             
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