Press release
Aquaculture Market Size, Trends, Industry Growth And Report Analysis 2022-2027
Aquaculture is the practice of rearing, breeding, and harvesting various marine organisms, such as fishes, mollusks, and crustaceans, and aquatic plants for commercial purposes. It also includes growing algae, which are utilized as a sustainable fuel source. It is conducted in freshwater ponds, coastal ocean waters, and on-land tanks. It is essential for food production, restoration of endangered and threatened aquatic species, and building aquariums. It helps protect various fishes from weather changes and predators. It aids in reducing the seafood trade deficit and decreasing the negative impacts of overfishing in natural water sources. It also assists in producing ornamental fishes and oysters and mussels forming pearls across the globe.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Aquaculture Market Trends and Drivers:
At present, the increasing consumption of proteins due to the rising health consciousness among the masses around the world represents one of the key factors influencing the market positively. Besides this, the increasing number of restaurants and fast food chains serving customers fresh seafood is propelling the growth of the market. In addition, the growing demand for organic fish and seaweed worldwide due to their high nutritional value is offering a favorable market outlook. Apart from this, the rising utilization of technologically advanced equipment in aquaculture practices to monitor the health of fish and improve production rates is contributing to the growth of the market. Additionally, the increasing demand for fish in the pharmaceutical industry to manufacture fish collagen is supporting the growth of the market. Furthermore, the rising scientific research activities to make genetic improvements in various species of fish are bolstering the growth of the market.
Report Segmentation:
The report has segmented the market into the following categories:
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.
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