Industry Statistics and Trends
Aquaculture in Europe key trends
Health consciousness aids demand for fish.
Fish is deemed a healthy food, especially compared with other meats, so health-savvy consumers have looked to incorporate it into their diets more, supporting revenue.
Dwindling fleet numbers create opportunities for aquaculture farmers.
Fishing fleets are weakening across Europe, giving aquaculture farmers an opportunity to expand their revenue.
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Aquaculture in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Aquaculture in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 0.9 % over the past five years, to reach an estimated €41.4bn in 2024.
Trends and Insights
Weak wild caught catch volumes provide opportunities for aquaculture farmers
- According to food information provider SIAL Paris, 97% of French consumers ate seafood in 2018, while 32% reported that they intend to eat more in the future. High demand for seafood and fish products, combined with weaker wild catch numbers, will support sales of aquaculture products in the country, aiding revenue.
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Aquaculture in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Growing demand for seafood in France supports revenue prospects
- According to the United States Department of Agriculture, France’s consumption of seafood outpaces local production.
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Revenue
€41.4bn
Employees
147k
Wages
€X.Xbn
European Leaders & Laggards
Top 5 Countries
Bottom 5 Countries
* CAGR values are for the years 2019-2024.
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Biggest companies in the Aquaculture in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Mowi ASA | 5,200.9 | 1,113.0 | 21.4 | |
SalMar ASA | 1,901.1 | 421.5 | 22.2 | |
Leroy Seafood Group ASA | 2,709.9 | 359.2 | 13.3 |
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Aquaculture in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Aquaculture industry in Europe in 2024?
The market size of the Aquaculture industry in Europe is €41.4bn in 2024.
How many businesses are there in the Aquaculture in Europe industry in 2024?
There are 18,045 businesses in the Aquaculture industry in Europe, which has declined at a CAGR of 0.1 % between 2019 and 2024.
Has the Aquaculture industry in Europe grown or declined over the past 5 years?
The market size of the Aquaculture industry in Europe has been declining at a CAGR of 0.9 % between 2019 and 2024.
What is the forecast growth of the Aquaculture industry in Europe over the next 5 years?
Over the next five years, the Aquaculture industry in Europe is expected to grow.
What does the Aquaculture in Europe include?
Salmon and Trout are part of the Aquaculture industry.
How competitive is the Aquaculture industry in Europe?
The level of competition is low and steady in the Aquaculture industry in Europe.
Related Industries
This industry is covered in 37 countries
Table of Contents
About this industry
Industry definition
Companies in this industry farm salmon, trout, shellfish and other aquatic organisms in nets or cages in marine and freshwater lochs or coastal waters.
Related Terms
SMOLTFISHMEALSEA LICEWhat's included in this industry?
SalmonTroutShellfishCompanies
Mowi ASASalMar ASALeroy Seafood Group ASAIndustry Code
032 - Aquaculture in Europe
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Performance
Key Takeaways
Weak wild caught catch volumes provide opportunities for aquaculture farmers
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Aquaculture in Europe industry (2011 -2029)
- Employees in the Aquaculture in Europe industry (2011 -2029)
- Business in the Aquaculture in Europe industry (2011 -2029)
- Profit in the Aquaculture in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Aquaculture in Europe industry?
Outlook
Analysis
What's driving the Aquaculture in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Aquaculture in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Aquaculture in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Salmon makes up the bulk of revenue. Falling wild salmon populations and weak catch numbers make it a popular fish to farm.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Aquaculture in Europe industry's products and services performing?
Analysis
What are innovations in the Aquaculture in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Aquaculture in Europe industry?
International Trade
Highlights
- Total Imports into Europe
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Larger aquaculture companies integrate vertically. Many aquaculture businesses also produce fish feed, helping to limit overhead costs and increase efficiency.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 7 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Mowi ASA
- Countries of operation for SalMar ASA
- Countries of operation for Leroy Seafood Group ASA
- Countries of operation for Bakkafrost Scotland Ltd
- Countries of operation for Cermaq Group AS
- Countries of operation for Grieg Seafood ASA
- Countries of operation for Cooke Aquaculture Scotland Ltd
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Aquaculture operations must follow environmental regulations. Before setting up shop, some projects are required to carry out environmental impact assessments to ensure they’re eligible for the correct licensing.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Aquaculture in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Rising feed costs eat into profitability. Feed is the most significant expense for aquaculture farmers and many are unable to pass on climbing costs to their customers, so profit’s taken a hit.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Aquaculture in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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France
Italy
Spain