South Korea Aquaculture Market Share, Growth Research Report and Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled "South Korea Aquaculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the South Korea aquaculture market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the South Korea Aquaculture Market?

The South Korea aquaculture market size reached 2.9 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 4.1 Million Tons by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.

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What is Aquaculture?

Aquaculture, commonly known as fish farming, refers to the rearing or cultivation of aquatic organisms, such as fish, mollusks, crustaceans, and aquatic plants. It includes controlled breeding to enhance desirable traits. It aids in replenishing overfished stocks in the wild. It also ensures proper water quality to maintain the health of the organisms. It reduces the need to import seafood, thereby reducing transportation emissions. It allows control over the living conditions of the organisms, enhancing growth and quality. It also plays a vital part in providing essential nutrients, particularly in areas with limited protein sources. Furthermore, as aquaculture supports biodiversity through restocking programs, its demand is rising in South Korea.

What are the growth prospects and trends in the South Korea aquaculture industry?

At present, the increasing consumption of seafood due to its high-protein content and other nutritional benefits represents one of the vital factors impelling the growth of the market in South Korea.

Besides this, the rising adoption of environmentally sustainable practices and modern farming techniques that ensure both quantity and quality of fish is contributing to the growth of the market. In addition, the growing advancements, such as automation, artificial intelligence (AI), and precision aquaculture for enhancing efficiency and productivity of aquaculture techniques is offering a favorable market outlook in South Korea.

Apart from this, the increasing awareness about environmental issues and food safety among consumers is propelling the growth of the market. Additionally, the rising demand for organic and exotic seafood to prepare a wide array of dishes is bolstering the growth of the market in South Korea.

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The report has segmented the market on the basis of fish type, environment and distribution channel.

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:
• East
• West
• Southwest
• Southeast

If you want latest primary and secondary data (2023-2028) 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.

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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