Press release
Aquaculture Market Size to Reach 100.3 Million Tons at 4.86% CAGR by 2028 | IMARC Group
Aquaculture, also known as aquafarming, is a method of cultivating aquatic organisms under controlled conditions. This practice encompasses the breeding, rearing, and harvesting of a wide range of aquatic species, including fish, mollusks, crustaceans, and aquatic plants. Aquaculture plays a vital role in meeting the increasing global demand for seafood, as it provides a sustainable alternative to traditional wild fisheries. In aquaculture, specialized facilities, such as ponds, tanks, or cages, are used to create controlled environments where water quality, temperature, and nutrition can be managed to optimize the growth and health of the aquatic organisms. This precision allows for efficient production, reduced environmental impact, and the ability to monitor and maintain the well-being of the stock.
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Aquaculture Market Trends and Drivers:
The rising global population, coupled with an increasing awareness about the health benefits of seafood consumption, is driving the demand for aquaculture products. This demand surge is further fueled by the depletion of wild fish stocks, making aquaculture an essential means of meeting the global seafood requirements. Additionally, environmental sustainability concerns have encouraged the adoption of aquaculture practices. Unlike traditional fishing, aquaculture allows for controlled, eco-friendly production with minimized bycatch and habitat disruption. As a result, consumers and regulatory bodies are increasingly favoring sustainably sourced seafood, boosting the market for aquaculture products. Other than this, advancements in technology and research have improved the efficiency and productivity of aquaculture operations. Innovations in breeding techniques, water quality management, and disease control have enhanced yields and reduced risks, making aquaculture a viable and profitable industry.
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:
The report covers the major market players including:
Aquaculture of Texas Inc.
Aquaculture Systems Technologies, L.L.C.
Aquafarm Equipment AS
Cermaq
Cooke Aquaculture Inc
CPI Equipment Inc.
Frea Aquaculture Solutions
Farallon Aquaculture, SA
Huon Aquaculture Group Ltd
International Fish Farming Holding Co. -Asmak
Leroy Seafood Group
Nireus Aquaculture
SELONDA Aquaculture SA
Stehr Group
Stolt-Nielsen Limited
Tassal
Thai Union Group
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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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