Aquaculture market forecast 2023-2032 - major trends, lucrative segments and fastest growing regions

As per The Business Research Company's Aquaculture Opportunities And Strategies Market Report 2023, The aquaculture market size reached a value of nearly $223,989.1 million in 2021, having grown at a compound annual growth rate (CAGR) of 3.6% since 2016. The market is expected to grow from $223,989.1 million in 2021 to $284,098.4 million in 2026 at a rate of 4.9%. The aquaculture market size is then expected to grow at a CAGR of 6.0% from 2026 and reach $380,591.0 million in 2031.

Nowadays people are more aware of health and fitness leading to the growing number of health-conscious consumers who are expected to drive the market growth during the forecast period. Consumers are moving towards maintaining good health through various diets, and a cleaner diet. By opting for various diets including , protein - vitamin rich diet and fitness training including gyms, consumers are moving towards maintaining good health. This shift is mainly because of the rise in sedentary jobs and busy lifestyles as this type of lifestyle is the major cause of diseases such as high blood pressure and diabetes. As a result of a balanced diet, consumers are preferring seafood products as these are high-protein foods, especially containing omega-3 fatty acids, which are essential fats that bodies don't produce on their own, thereby, driving the aquaculture market as the demand for various fish will increase during the forecast period.

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IoT connectivity is a key trend gaining popularity in the aquaculture market. IoT has been used in aquaculture to gather data, monitor fish and water quality, and forecast diseases and outbreaks. In 2022, Aquaculture UK exhibition, R3-IoT introduced its brand-new Connected Seafarm system. It attempts to address the difficulties in digitizing remote aquaculture operations and sites because it was created expressly for the aquaculture sector. The Scottish business claims that their Connected Seafarm is a complete end-to-end data services solution that wirelessly and effortlessly connects smart devices from all over the world, including sensors and analytics platforms. It has also been developed to be swiftly and readily installed with automatic, continuous data collecting, regardless of the connectivity infrastructure that is available, and without the need for specialized internal technical expertise.

Opportunities -The top opportunities in the aquaculture market segmented by type will arise in the other types segment, which will gain $27,036.3 millions of global annual sales by 2026. The top opportunities in the aquaculture market segmented by environment will arise in the marine water segment, which will gain $36,667.1 millions of global annual sales by 2026. The top opportunities in the aquaculture market segmented by species will arise in the aquatic animals segment, which will gain $51,998.4 millions of global annual sales by 2026. The top opportunities in the aquaculture market segmented by distribution channel will arise in the specialized retailers segment, which will gain $26,674.9 millions of global annual sales by 2026. The aquaculture market size will gain the most in China at $16,815.4 million

Aquaculture Market Segmentation:
The Aquaculture market is segmented

By Type -
The aquaculture market is segmented by type into
a) Mollusks
b) Crustaceans
c) Mackerel
d) Sea Bream
e) Other Types

By Environment -
The aquaculture market is segmented by environment into
a) Marine Water
b) Fresh Water
c) Brackish Water

By Species -
The aquaculture market is segmented by species into
a) Aquatic Animals
b) Aquatic Plants

By Distribution Channel -
The aquaculture market is segmented by distribution channel
a) Traditional Retail
b) Supermarkets And Hypermarkets
c) Specialized Retailers
d) Online
e) Others Distributional Channels

Major players in the Aquaculture market include Austevoll Seafood ASA, Cermaq ASA, Nippon Suisan Kaisha Ltd, P/F Bakkafrost, Tassal Group Limited

The regions covered in the global Aquaculture market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Aquaculture Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Aquaculture Market Report Table Of Content

1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
........................................................
18. Competitive Landscape And Company Profiles
19. Key Mergers And Acquisitions
20. Opportunities And Strategies
21. Aquaculture Market, Conclusions And Recommendations
22. Appendix

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