openPR Logo
Press release

Aquaculture Market Size is projected to reach $378,005.5 million by 2027, registering a CAGR of 5.8%

02-16-2021 06:20 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Report Ocean

According to a new report published by Report Ocean, titled, “Aquaculture Market by Environment, and Fish Type: Opportunity Analysis and Industry Forecast, 2021–2027,” The global aquaculture market size was valued at $285,359.7 million in 2019, and is projected to reach $378,005.5 million by 2027, registering a CAGR of 5.8%. The others segment is expected to retain its dominant position, in terms of revenue generation, throughout the forecast period. Asia-Pacific held a leading position in the global market in 2019, and is expected to maintain its dominance in the future.

GET SAMPLE PAGES @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1394

The growth of the aquaculture market can be attributed to growing need for food security. Currently, aquaculture is an absolute necessity to meet food demand and supply. This industry provides high-quality and disease-free fish by rearing fish in an environment that meets hygiene standards. Aquaculture activity is also utilized by industries to conserve species that are on the verge of extinction. Moreover, advanced technology enhances yield of aquaculture. The global aquaculture market is projected to witness significant growth during the forecast period, owing to increase in health awareness among consumers about intake of balanced nutrient quantities. Moreover, rise in government rules and regulations in different countries that promote fish farming to meet growth in demand to cope with food insecurities is expected to further boost the market growth. However, increase in water pollution and changes in climatic conditions hamper the market growth. Furthermore, rise in the adoption of veganism and implementation of stringent regulations toward animal cruelty act as the major restraints of the global market. On the contrary, rise in popularity protein rich diet is expect to open avenue for the global aquaculture market growth.

The global aquaculture market is segmented into environment, fish type, and region. The environment segment includes marine water, fresh water, and brackish water. On the basis of fish type, the market is divided into carps, mollusks, crustaceans, mackerels, sea bream and others (pompano, snappers, groupers, salmon, milkfish, tuna, tilapia, catfish, sea bass, and a diverse group of aquatic animals that dwell in oceans as well as in freshwater). Region wise, it is analyzed across North America (the U.S., Mexico, and Canada), Europe (Russia, Norway, Iceland, and rest of Europe), Asia-Pacific (China, the Philippines, Japan, Indonesia, Vietnam, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Based on aquaculture market forecast by environment, the fresh water was the highest revenue-generating segment, accounting for a major share in 2019. The fresh water segment is expected to witness highest growth of 5.9% during the forecast period, followed by the marine water segment at 5.8%. The growth can be attributed to rapid expansion of aquaculture as a viable alternative to wild fishing.

Based on the aquaculture market analysis by fish type, the others segment generated maximum revenue in 2019. The dominance of this segment can be attributed to hardiness and adaptability of these fish encouraging widespread domestication globally. Moreover, rise in demand for fish in the dietary nutrition sector to produce omega-3 supplements further propels the market growth.

Region wise, LAMEA was the second largest market, in terms of revenue generation, with almost one-fourth share in 2019. This region is further expected to expand at a CAGR of 5.6% during the forecast period. In North America, aquaculture has ceased expanding in recent years, however, in South America it has shown strong and continuous growth, particularly in Brazil and Peru. Technological developments in South America and some countries in South Africa are expected to increase growth of the aquaculture market in LAMEA. Moreover, rapid development in the Middle East, in terms of infrastructure and technology result in growth in the LAMEA market. However, weak economies in Africa hamper growth of the aquaculture market in this region.

Key Findings Of The Study

On the basis of environment, the fresh water segment is projected to witness the highest CAGR of 5.9%, in revenue terms, during the forecast period.
On the basis of fish type, the others segment is expected to dominate the market from 2021 to 2027.
The mollusks segment is expected to grow at a significant CAGR during the forecast period.
China was the largest country, in terms of revenue generation for aquaculture in 2019.
Asia-Pacific is anticipated to witness highest growth rate, registering a CAGR of 6.0% from 2021 to 2027.
Key players in the aquaculture market have relied on strategies such as acquisition, partnership & agreement, merger, and geographical expansion, to expand their market share and to stay relevant in the global aquaculture market share. The key players in the aquaculture industry profiled in the report are Cermaq Group AS (Mitsubishi Corporation), Cooke Aquaculture Inc., Grupo Farallon Aquaculture, Leroy Sea Food Group, Marine Harvest ASA, P/F Bakkafrost, Selonda Aquaculture S.A., Stolt Sea Farm, Tassal Group Limited, and Thai Union Group Public Company Limited.

READ FULL REPORT @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1394

Get in Touch with Us:
Report Ocean
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, IIIinois 60611 – UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)
Website: https://www.reportocean.com/

We are the best market research reports provider in the industry. Report Ocean believe in providing the quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is “one-stop solution” for individuals, organizations, and industries that are looking for innovative market research reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Aquaculture Market Size is projected to reach $378,005.5 million by 2027, registering a CAGR of 5.8% here

News-ID: 2242796 • Views:

More Releases from Report Ocean

Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques for Deep Understanding of Consumer Behavior
Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques fo …
The Japan Internet Advertising Market has demonstrated remarkable growth, reaching a valuation of USD 29.49 Billion in 2021. With the digital landscape continually evolving, it is forecasted to soar to an impressive USD 112.04 Billion by 2027. This surge represents an anticipated compound annual growth rate (CAGR) of 24.9% over the projected period, highlighting the dynamic and rapidly expanding nature of the digital advertising sector in Japan. Internet Advertising are set
Location Analytics Market Through the Looking Glass Techniques for a Profound Understanding of Consumer Behavior
Location Analytics Market Through the Looking Glass Techniques for a Profound Un …
This comprehensive market research report offers an in-depth analysis of the global location analytics market from 2019 to 2026. Valued at USD 10,813.6 million in 2019, the market is forecasted to surge to USD 29,878.5 million by 2026, demonstrating a robust Compound Annual Growth Rate (CAGR) of 15.6% throughout the projection period. This report delves into the key drivers, restraints, opportunities, and challenges that are shaping the market, providing stakeholders
Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Observational Research in Consumer Behavior
Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Obser …
The Global Affiliate Marketing Platform Market, valued at USD 19,217.4 million in 2021, is projected to witness significant growth over the next decade, reaching an estimated value of USD 36,902.1 million by 2030. This report provides an in-depth analysis of the market dynamics, growth drivers, challenges, and opportunities that will influence the affiliate marketing landscape over the forecast period of 2021-2030. With a Compound Annual Growth Rate (CAGR) of 7.7%,
Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
The global clear brine fluids market was valued at US$ 0.95 billion in 2021. It is anticipated to experience growth, reaching a valuation of US$ 1.39 billion by 2030. This growth trajectory translates to a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2022 to 2030. Clear brine fluids, crucial in the oil and gas industry for drilling and completion processes, are poised for increased demand,

All 5 Releases


More Releases for Aquaculture

Aquaculture Expansion Market Hits New High | Major Giants Cooke Aquaculture, Nis …
HTF MI just released the Global Aquaculture Expansion Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach. Major companies profiled in Aquaculture Expansion Market are: Mowi ASA, Marine
Aquaculture Market Is Booming So Rapidly | Blue Ridge Aquaculture, Cermaq ASA, C …
Market Overview The aquaculture market encompasses the farming of fish, crustaceans, mollusks, aquatic plants, algae, and other organisms in controlled environments to meet the burgeoning global demand for seafood. This industry offers significant advantages over traditional capture fisheries by ensuring consistent product quality, reducing overfishing pressure, and promoting sustainable food production. Advanced recirculating aquaculture systems (RAS), biofloc technology, and automated feeding solutions have enhanced yield efficiency, lowered disease incidence, and minimized
Advancing Aquaculture: Navigating the Global Aquaculture Equipment Market
Introduction The global aquaculture equipment market is making significant waves as it plays a pivotal role in sustaining the world's growing appetite for seafood. Aquaculture, the practice of cultivating aquatic organisms in controlled environments, is rapidly evolving to meet the increasing demand for fish and seafood products. This article dives into the intricate ecosystem of the global aquaculture equipment market, exploring its significance, key drivers, technological innovations, challenges, regional dynamics, and
[PDF] Recirculating Aquaculture Market 2021 SWOT Analysis by Players: Blue Ridge …
The Recirculating Aquaculture Market: 2020 Industry Report is a professional and in-depth study on the current state of the Recirculating Aquaculture Market by SMI. The Recirculating Aquaculture market is supposed to demonstrate considerable growth during the forecast period of 2020 - 2028. The company profiles of all the key players and brands that are dominating the market have been given in this report. Their moves like product launches, joint ventures,
Global Aquaculture Market Growing Popularity and Emerging - Nireus Aquaculture S …
The “Aquaculture Market (Carp, Molluscs, Crustaceans, Salmon, Trout and Other Fish) by Culture (Marine Water, Fresh Water and Brackish Water): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021” A fundamental outline of the Aquaculture niche is presented by the Aquaculture report that entails definitions, classifications, applications together with industry chain framework. The Aquaculture report provides a far-reaching evaluation of necessary market dynamics and
Aquaculture Market Top Key Vendors- Nireus Aquaculture S.A., Blue Ridge Aquacult …
Zion Market Research published a new 110+ pages industry research “Global Aquaculture Market Set For Rapid Growth, To Reach USD 209.42 Billion by 2021” is exhaustively researched and analyzed in the report to help market players to improve their business tactics and ensure long-term success. The authors of the report have used easy-to-understand language and uncomplicated statistical images but provided thorough information and detailed data on the Global Aquaculture Market.