Investment Rating - The report does not explicitly state an investment rating for the aquaculture seedling industry Core Insights - The aquaculture seedling industry is projected to grow steadily, with the output value expected to increase from 757 billion yuan in 2022 to 836 billion yuan by 2027, reflecting a compound annual growth rate (CAGR) of approximately 2.1% [9][10][12] Summary by Sections Aquaculture Seedling Output Value - The output value of aquaculture seedlings has shown fluctuations from 2017 to 2022, with a notable increase from 681 billion yuan in 2017 to 757 billion yuan in 2022. Projections indicate a continued rise to 772 billion yuan in 2023 and reaching 836 billion yuan by 2027 [9][10] Total Fishery Output Value - The total fishery output value has also seen growth, increasing from 123.14 billion yuan in 2017 to an estimated 158 billion yuan in 2022. It is expected to reach 195.2 billion yuan by 2027, indicating a robust growth trajectory [10][14] Marine Aquaculture Output Value - Marine aquaculture output value rose from 33.07 billion yuan in 2017 to 45.17 billion yuan in 2022, with projections suggesting it will reach 57.65 billion yuan by 2027 [11][18] Freshwater Aquaculture Output Value - Freshwater aquaculture output value increased from 58.76 billion yuan in 2017 to 78.48 billion yuan in 2022, with forecasts indicating it will grow to 100.16 billion yuan by 2027 [12][23] Marine Capture Output Value - Marine capture output value has shown a gradual increase from 19.88 billion yuan in 2017 to an estimated 23.62 billion yuan in 2022, with projections of reaching 26.72 billion yuan by 2027 [27][28] Freshwater Capture Output Value - Freshwater capture output value has decreased from 4.62 billion yuan in 2017 to 3.16 billion yuan in 2022, with further declines expected, reaching 2.31 billion yuan by 2027 [32][33]