Press release
Aquaculture Market Size, Trends, Demand, Growth And Analysis 2022-2027
According to the latest report by IMARC Group, titled, "Aquaculture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global aquaculture market reached a volume of 72.4 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 95.6 Million Tons by 2027, exhibiting at a CAGR of 4.8% during 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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Market Trends
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:
Freshwater Fish
Molluscs
Crustaceans
Others
Breakup by Environment:
Fresh Water
Marine Water
Brackish Water
Breakup by Distribution Channel:
Traditional Retail
Supermarkets and Hypermarkets
Specialized Retailers
Online Stores
Others
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
Cermaq ASA
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.
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/aquaculture-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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