Aquaculture in Australia - Industry Market Research Report

Aquaculture in Australia - Industry Market Research Report
Aquaculture in Australia

The Aquaculture industry has expanded in recent years despite operators facing numerous challenges. Strong import penetration across the overall domestic fish and seafood market has hindered demand and prices for domestically produced fish and seafood. Aquaculture producers in Asian countries generally have lower operating costs and can therefore offer produce at a much lower price compared with domestic operators. However, the industry's sustainability and rising production volumes have allowed it to outperform wild-catch fishers recently. Industry-wide revenue has been growing at an average annualised 5.9% over the past five years and is expected to total $2.7 billion in 2023-24, when revenue will fall by an estimated 1.2%.

Industry operators primarily breed and farm finfish, molluscs and crustaceans.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.