Press release
Aquaculture Products Market to See Incredible Growth During 2018 - 2026
Global Aquaculture Products MarketAquaculture is the farming of aquatic plants and fish, mollusks, crustaceans, and other aquatic organisms. The aquaculture farming is done to developed aquaculture products for the food & beverage industry. Growing consumption of fish and aqua plants drives the food & beverage industry. The rise in aquaculture products consumption has increased the requirements of quality and food safety by consumers and regulators. Additionally, it added the value in food nutrients level in the regular meal diet.
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Increase in seafood trade is expected to propel the aquaculture products market during the forecast period. Moreover, rise in trend of smart fish farming and increase in income level, which is boosting the consumption rate of fish are diving the aquaculture products market. Additionally, growth of aquaculture industry and increase in demand for aquaponics propels the aquaculture products market. The continuous decay of natural feedstock impacts positively on entire aquaculture products market. However, overfishing and food safety concerns inhibit the aquaculture products market. Rise in government initiatives is anticipated to drive the aquaculture products market and create new opportunities for key players.
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The global aquaculture products market can be segmented based on rearing product type, culture, species, and region. In terms of rearing product type, the aquaculture products market can be divided into equipment, chemicals, fertilizers, and pharmaceuticals. The equipment segment is further segregated into containment equipment, water pumps, and filters; water circulation and aeration equipment; cleaning equipment; and feeders. The chemicals segment is projected to account for a leading share of the aquaculture products market during the forecast period, as it is extensively used in aqua product processing and for disinfecting ponds, disease control, and treatment of fish and other aquaponics. Based on culture, the aquaculture products market can be classified into freshwater, marine, and brackish water.
The fresh water segment is expected to dominate the aquaculture products market due to the rise in the number of artificial ponds for aqua farming. The monitoring in the fresh water culture is easier. And the growing concern for health fuels the demand for fresh water culture aquaculture products market. In terms of species, the aquaculture products market can be segmented into aquatic plants and aquatic animals. The aquatic plants segment can be bifurcated into seaweeds and microalgae. The aquatic animals segment can be sub-segmented into finfish, mollusks, crustaceans, and others. The aqua animals segment is anticipated constitute a major share of the aquaculture products market due to the rise in consumption of different species of fish.
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Based on region, the global aquaculture products market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is estimated to dominate the aquaculture products market during the forecast period due to rapid adoption of innovative and advanced technologies for aqua farming. Additionally, significant availability of land for aqua farming increase the efficiency, and supply-demand for aquaculture products market in Asia Pacific. China, India, Thailand, Singapore, Vietnam covers the major aquaculture products market in this region.
Global Aquaculture Products Market: Key Players
Key players operating in the global aquaculture products market include Pentair PLC, Akva Group, Xylem Inc., Aquaculture Equipment Ltd, Aquaculture System Technologies, LLC., Luxsol, Pioneer Group, CPI Equipment Inc., Asakua, Frea Aquaculture Solutions, Lifegard Aquatics, Tan International Ltd, Reef Industries, Inc., Aquafarm Equipment as, and Aquaculture of Texas, Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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