Aquaculture Market Size, Trends, Demand, Growth And Analysis 2022-2027
Also known as aquafarming, aquaculture is the process of breeding, rearing, and harvesting fish, algae, mollusks, shellfish, and other aquatic organisms. It is generally practiced in controlled environments, such as lakes, oceans, rivers, ponds, and streams. It assists in food production, increasing the wild stock population, restoring threatened and endangered species population, and building aquariums and fish culture. Besides this, it aids in reducing waste creation and utilizing agricultural and natural resources optimally.
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A significant rise in the demand for seafood on account of the presence of high-quality proteins and n-3 polyunsaturated fatty acids (PUFAs) represents one of the key factors favorably influencing the market growth. Apart from this, the rising demand for fish oil in various industries, such as pharmaceuticals, nutraceuticals and food and beverages (F&B), is also strengthening the growth of the market. Moreover, with the growing consciousness about the long-term benefits of adopting efficient aquaculture practices, fish breeders are adopting technologically advanced equipment to analyze fish behavior, monitor the water and manage the facility, which is further supporting the market growth. Looking forward, the market value is projected to reach 95.6 Million Tons by 2027, expanding at a CAGR of 4.8% during the forecast period (2022-2027).
Breakup by Fish Type:
Breakup by Environment:
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Aquaculture of Texas Inc.
Aquaculture Systems Technologies LLC
Aquafarm Equipment AS
Cooke Aquaculture Inc.
CPI Equipment Inc.
Frea Aquaculture Solutions
Grupo Farallon Aquaculture
Huon Aquaculture Group Pty Ltd.
International Fish Farming Co. - Asmak
Leroy Sea Food Group
Nireus Aquaculture S.A
Selonda Aquaculture S.A. (Andromeda Seafood Limited)
Stehr Group Pty Ltd.
Stolt-Nielsen Limited (Fiducia Ltd.)
Tassal Group Limited
Thai Union Group Plc.
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