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Aquaculture Market in Indonesia by Environment, Product, and Geography - Forecast and Analysis 2021-2025

Aquaculture Market in Indonesia by Environment, Product, and Geography - Forecast and Analysis 2021-2025

Published: Jan 2021 120 Pages SKU: IRTNTR46662

The aquaculture market size in Indonesia has the potential to grow by 9240 thousand tons during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 13.46%. 

This report provides a detailed analysis of the market by product (freshwater fish, crustacean, milkfish, and others), environment (freshwater, brackish water, and marine water), geography (Java, Sumatra, Sulawesi, Kalimantan, and rest of Indonesia (ROI)), and key vendors. 

Market Overview

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • PT Bumi Menara Internusa
  • PT CENTRAL PROTEINA PRIMA Tbk
  • PT Dharma Samudera Fishing Industries Tbk
  • PT Expravet Nasuba
  • PT Japfa Comfeed Indonesia Tbk
  • PT Mega Marine Pride
  • Regal Springs
  • Shandong Oriental Ocean Group Ltd.
  • Shenzhen Liancheng Ocean Fishery Co. Ltd.
  • Tassal Group Ltd.

 

Indonesia's aquaculture market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as rising awareness about the health benefits of aquaculture products to achieve growth opportunities. However, factors such as the increasing prevalence of pathogenic diseases among aquaculture species will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the aquaculture market forecast report of Indonesia for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This aquaculture market analysis report of Indonesia also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Aquaculture Market in Indonesia: Key Drivers and Trends

  • The high deficiency of micronutrients among people in Indonesia has resulted in the increasing consumption of aquaculture products, especially in rural areas.
  • Aquaculture products are rich sources of essential proteins, niacin vitamins, and omega-3 fatty acids. EPA and DHA in aquaculture products improve cognitive function, help in weight management, and prevent mild Alzheimer’s disease.
  • Other essential nutrients and minerals present in these products enhance brain development and reproduction.
  • With the rising awareness about the health benefits of aquaculture products, the demand for these products will grow during the forecast period, driving market growth.
  • Key competitors in the market are introducing a diverse range of new aquaculture species with economic and biological potential. 
  • Some of the newly introduced aquaculture species are meager, greater amberjack, Atlantic wreckfish, mustang grouper, yellowfin tuna, redbelly tilapia, and Napoleon wrasse. 
  • This introduction of new species will help vendors to provide value-added aquaculture products and attract more customers.
  • In addition to the nutrition benefits of aquaculture products, the increasing popularity of new aquaculture species will also fuel aquaculture market growth in Indonesia.

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Aquaculture Market in Indonesia: Segmentation by Product

Indonesia's-Aquaculture-Market-Market-Share-by-Product-2020-2025

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The freshwater fish segment will account for the largest aquaculture market share in Indonesia. The easy cultivation of freshwater fish and the high demand from rural areas drive the growth of the Indonesian aquaculture market in this segment. The growth of the market is expected to be significant during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of Indonesia's aquaculture market size.  Fetch actionable market insights on post COVID-19 impact on each segment.   

 

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Aquaculture Market in Indonesia: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive aquaculture market growth in Indonesia during the next five years
  • Precise estimation of the aquaculture market size in Indonesia and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of aquaculture market vendors in Indonesia

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Aquaculture Market In Indonesia Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 13%

Market growth 2021-2025

9240.00 th tons

Market structure

Fragmented

YoY growth (%)

10.48

Regional analysis

Java, Sumatra, Sulawesi, Kalimantan, and Rest of Indonesia (ROI)

Performing market contribution

Freshwater fish at 47%

Key consumer countries

Java, Sumatra, Sulawesi, Kalimantan, and Rest of Indonesia (ROI)

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

PT Bumi Menara Internusa, PT CENTRAL PROTEINA PRIMA Tbk, PT Dharma Samudera Fishing Industries Tbk, PT Expravet Nasuba, PT Japfa Comfeed Indonesia Tbk, PT Mega Marine Pride, Regal Springs, Shandong Oriental Ocean Group Ltd., Shenzhen Liancheng Ocean Fishery Co. Ltd., and Tassal Group Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents not available.

Research Methodology

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Frequently Asked Questions

Aquaculture market growth will increase by 9240.00 thousand tons during 2020-2025.

The Aquaculture market is expected to grow at a CAGR of 13.46% during 2020-2025.

Aquaculture market is segmented by Product( Freshwater fish, Crustacean, Milkfish, Others) Other1( Freshwater, Brackish water, Marine water) Geographic( India, Algeria, Albania, Bangladesh, Barbados)

PT Bumi Menara Internusa, PT CENTRAL PROTEINA PRIMA Tbk, PT Dharma Samudera Fishing Industries Tbk, PT Expravet Nasuba, PT Japfa Comfeed Indonesia Tbk, PT Mega Marine Pride, Regal Springs, Shandong Oriental Ocean Group Ltd., Shenzhen Liancheng Ocean Fishery Co. Ltd., Tassal Group Ltd. are a few of the key vendors in the Aquaculture market.

India will register the highest growth rate of 47.19% among the other regions. Therefore, the Aquaculture market in India is expected to garner significant business opportunities for the vendors during the forecast period.

Afghanistan, Africa, Albania, Bangladesh, Australia

  • Use of advanced technologies to produce shrimp is the driving factor this market.

The Aquaculture market vendors should focus on grabbing business opportunities from the Freshwater fish segment as it accounted for the largest market share in the base year.