Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 3.9% over the past five years, to reach an estimated $57.4bn in 2023.
Trends and Insights
- China has the largest aquaculture industry in the world, accounting for approximately two-thirds of total cultivated aquatic products globally. In 2023, the Fish Farming industry's is expected to reach 23.
- Additional trends and insights available with purchase
Biggest companies in the Fish Farming in China
| Company
2023 | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Zoneco Group Co., Ltd. | ||||
Shandong Homey Aquatic Development Co., Ltd. | ||||
Shandong Oriental Ocean Sci-Tech Co., Ltd. |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Industry revenue is measured across several distinct product and services lines, including Finfish, Crustaceans and Mollusks. Finfish is the largest segment of the Fish Farming in China.
Trends and Insights
<LI>Mollusks, which are marine invertebrates (i.e.
- no backbone) and include oysters, clams, scallops, mussels, sea snails and abalone, are expected to account for 60.1% of industry revenue in 2023.</LI><LI>The majority of sales in this product segment are from oysters, which account for approximately 40.0% of this segment's revenue, or 24.0% of total industry revenue. Clams and scallops are another two major products in this segment.</LI><LI>Shandong, Fujian and Liaoning are the top three largest provinces for mollusks, accounting for 27.8%, 22.3% and 16.3% of this segment's revenue in 2023.</LI>
- More insights available in the full report
Table of Contents
About this industry
Industry definition
China has the largest aquaculture industry in the world, accounting for approximately two-thirds of total cultivated aquatic products globally. In 2023, the Fish Farming industry's is expected to reach 23.3 million tons, or 40.8% of total cultivated aquatic products and 33.4% of total aquatic products in China. Industry revenue has grown at a CAGR of 3.9% to $57.4 billion over the past five years, including a growth rate of 8.7% in 2023 alone, when profit will be 9.8%.
What's included in this industry?
FinfishCrustaceansMollusksAlgaeOther marine productsFinfishCrustaceansMollusksAlgaeOther marine productsCompanies
Zoneco Group Co., Ltd.Shandong Homey Aquatic Development Co., Ltd.Shandong Oriental Ocean Sci-Tech Co., Ltd.Purchase this report to view all 5 major companies in this industry.
Related Terms
AQUACULTURECRUSTACEANSFINFISHMARICULTUREMOLLUSKSIndustry Code
0411 - Fish Farming in China
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Household Disposable Income. Since seafood is generally expensive compared with other meat protein substitutes, disposable household income is a key determinant of domestic de...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
<B>Mollusks are the main products harvested by the industry</B>. <LI>Mollusks, which are marine invertebrates (i.e. no backbone) and include oysters, clams, scallops, mussels,...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
<B>East China dominates the industry</B>. <LI>East China is dominant in the industry, accounting for an expected 60.5% of industry revenue and 57.1% of total employees in 2023...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each region in 2023
- Number and share of revenue each region accounts for in 2023
- Number and share of wages each region accounts for in 2023
- Number and share of employees in each region in 2023
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Ensure easy access to further appropriate land for development. A suitable site with appropriate sea water conditions is crucial for seafood farming. The enterprises could not...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Description Located in Dalian city, Liaoning province, Zoneco Group Co., Ltd. (Zoneco) was established in 1958. Listed in the Shenzhen Stock Exchange in 2006, Zoneco has beco...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Zoneco Group Co., Ltd.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Shandong Homey Aquatic Development Co., Ltd.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Shandong Oriental Ocean Sci-Tech Co., Ltd.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for Zoneco Group Co., Ltd., and factors influencing its performance in the industry
- Description and key data for Shandong Homey Aquatic Development Co., Ltd., and factors influencing its performance in the industry
- Description and key data for Shandong Oriental Ocean Sci-Tech Co., Ltd., and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
<B>The 13th National Fisheries Development Plan</B>
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
Detailed analysis
- Demographic and macroeconomic factors influencing the industry
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the estimated market size of the Fish Farming industry in China in 2023?
The market size of the Fish Farming industry in China is $57.4bn in 2023.
How many businesses are there in the Fish Farming in China industry in 2023?
There are 20,193 businesses in the Fish Farming industry in China, which has declined at a CAGR of -1.5% between 2018 and 2023.
Has the Fish Farming industry in China grown or declined over the past 5 years?
The market size of the Fish Farming industry in China has been at a CAGR of 3.9% between 2018 and 2023.
What is the forecast growth of the Fish Farming industry in China over the next 5 years?
The Fish Farming in China market is forecast to over the five years from 2023 to 2028
What are the biggest companies in the Fish Farming market in China?
The biggest companies operating in the Fish Farming market in China are Zoneco Group Co., Ltd., Shandong Homey Aquatic Development Co., Ltd. and Shandong Oriental Ocean Sci-Tech Co., Ltd.
What does the Fish Farming in China include?
Finfish and Crustaceans are part of the Fish Farming industry.
Which companies have the highest market share in the Fish Farming in China?
The company holding the most market share in China is Zoneco Group Co., Ltd..
How many people are/were employed in the Fish Farming in China in 2023?
There are 1m employed in the Fish Farming industry in China 2023.
Widen your competitive advantage with related industries
Related Domestic Industries
- This industry farms sheep, cattle, horses, mules, donkeys, camels and other major livestock.
- Poultry farmers hatch and raise chickens, ducks, geese, ostriches, and quail. They also harvest related products, like eggs.
- Businesses in this industry are responsible for refrigerating aquatic products (natural and cultivated) including finfish, crustaceans, mollusks, and algae.
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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