Aquaculture Market Expected to Reach $416.89 Billion by 2032 | American Abalone Farm, Austevoll Seafood ASA, Lerøy Seafood Group ASA, Bakkafrost, Blue Ridge Aquaculture Inc., Camanchaca, Cermaq ASA, Cooke Aquaculture, Dainichi Corporation, Empresas AquaC

The practice of raising fish is referred to as aquaculture. This agricultural practice involves modifying the raising process to increase productivity, such as by routine stocking, feeding, and predator protection. 580 species of fish are presently raised in aquaculture farms across the world, demonstrating a wide range of genetic variation both within and between species. Some farmers in poor countries and multinational businesses that can own the animals being farmed employ aquaculture as a farming technique. Eating fish is a common practice across many ethnic groups, and it is incredibly nutritious and beneficial to health. In addition to vital micronutrients, it is a huge source of vitamins, protein, fatty acids, and minerals. With a compound annual growth rate (CAGR) of 4.5%, the global aquaculture market rose from $416.89 billion in 2032.

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An increasing worldwide population, a desire for greater food security, a rise in the need for animal proteins in many emerging nations, and a decline in catch fisheries productivity are just a few of the factors driving the global aquaculture market demand. Increased consumption of fish and fish products is being driven by increased disposable incomes for individuals and an expanding urban population.

Global fish consumption is expected to increase as people become more aware of the health advantages of eating fish, which is expected to considerably fuel market expansion. Omega-3 fatty acids, which are abundant in fish, provide a number of health advantages, including lowering the risk of heart attacks, reducing depression, avoiding pediatric asthma, and improving cognitive function. Additionally, fish is a wonderful source of other necessary vitamins and minerals. These factors are anticipated to increase consumer demand for items made from aquatic animals, which will fuel the global aquaculture market expansion throughout the anticipated period of time. Due to aquatic animals' low-fat content and ongoing fall in the demand for livestock, these factors are also having a significant influence on aqua farming. In the years to come, this factor will drive the aquaculture market expansion.

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The rising popularity of organic aquaculture and cutting-edge farming technologies like recirculating aquaculture systems (RAS), integrated multi-trophic aquaculture (IMTA), and large-sized aquaponics systems are additional factors that are expected to boost the aquaculture market in the near future.
Huon Aquaculture was purchased by JBS S.A., a Brazilian meat processing firm, for $425 million in November 2021. JBS S.A.'s entry into the aquaculture industry would be made possible by this acquisition.

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