Global Aquaculture Market Aims to Reach USD 315.2 billion by 2027, Nurturing Sustainable Seafood Solutions - TMR Study

The global aquaculture market is expected to reach USD 315.2 billion by 2027, growing at a CAGR of 4.5% from 2021 to 2027. Aquaculture is the farming of aquatic organisms, such as fish, crustaceans, and mollusks, in controlled environments. It is a rapidly growing industry that is helping to meet the increasing global demand for seafood.

Executive Summary

The global aquaculture market is experiencing substantial growth, driven by the increasing demand for seafood, declining wild fish stocks, and the need to address global food security. Aquaculture, the farming of aquatic organisms such as fish, shrimp, and mollusks, has become a critical source of high-quality protein for the world's growing population.

Don't miss out on the latest market intelligence. Get your sample today@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=773

Market Size and Growth

The global aquaculture market is substantial and is expected to continue expanding due to several factors, including:
• Increasing Seafood Demand: Growing consumer preference for seafood as a healthy protein source.
• Depletion of Wild Fish Stocks: Overfishing and environmental concerns driving the need for sustainable alternatives.
• Technological Advancements: Innovations in aquaculture practices, including recirculating aquaculture systems (RAS) and integrated multitrophic aquaculture (IMTA).

Key Players

Key players in the aquaculture market include fish farmers, aquaculture equipment manufacturers, feed suppliers, and seafood processors. Prominent organizations in this market include:
MOWI ASA, Nippon Suisan Kaisha Ltd, Austevoll Seafood ASA, SalMar ASA, Cooke Aquaculture, Inc., Norway Royal Salmon ASA, Tassal Group Ltd, Campania Pesquera, Multiexport Foods SA, Camanchaca SA, Dainichi Corporation, P/F Bakkafrost, Stoly Sea Farm SA, Nireus SA, Tongwei Group Co., Ltd., Kyokuyo Co., Ltd., Thai Union Group PCL, Surapon Foods Public Company Limited, and Maruha Nichiro Corporation. And more

Recent Developments

recent developments of companies in the global aquaculture market, with the year for each development:
• Cargill (2023): Partnered with AquaMaof to develop and produce sustainable aquaculture feed ingredients.
• Skretting (2023): Launched a new range of aquaculture feeds that are specifically designed to reduce environmental impact.
• Alltech (2023): Acquired Aquafeed Solutions, a leading provider of aquaculture feed additives and ingredients.
• Pentair (2023): Expanded its aquaculture product portfolio with the acquisition of Aquatec Maxcon, a manufacturer of recirculating aquaculture systems (RAS).
• Xylem (2023): Launched a new line of energy-efficient pumps and aeration systems for aquaculture applications.

Discuss Implications for Your Industry Request Customized Research@https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=773

Market Segmentation

The aquaculture market can be segmented based on various criteria, including the type of species farmed, production systems, region, and more:
• Type of Species: Different species, including finfish (salmon, tilapia), shellfish (shrimp, mussels), and seaweed.
• Production Systems: Varieties such as open-water farming, land-based farming, and cage farming.
• Region: The market spans regions such as Asia-Pacific, Europe, North America, and Latin America.

Market Dynamics

Drivers
Several factors are driving the growth of the aquaculture market, including:
• Sustainable Food Production: Aquaculture as a sustainable alternative to wild fisheries.
• Rising Health Consciousness: Increased consumer demand for healthy and protein-rich seafood.
• Technological Innovations: Adoption of advanced farming techniques and technologies.

Challenges

The aquaculture market faces certain challenges, such as:
• Environmental Impact: Concerns about the environmental impact of aquaculture operations.
• Disease Management: Disease outbreaks affecting fish and shrimp stocks.
• Market Access and Trade Barriers: Regulatory challenges and trade restrictions.

Opportunities

Opportunities in the aquaculture market include:
• Research and Development: Continued research for disease-resistant species and sustainable practices.
• Market Diversification: Exploring new markets and consumer segments.
• Certifications and Labels: Meeting consumer demand for certified and eco-friendly seafood.

To buy this comprehensive market research report, click here to inquire@https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=773

Key Takeaways

The global aquaculture market is a rapidly growing industry with immense potential.
• The key factors driving the growth of the market include the rising demand for seafood, limited wild fish stocks, government support, and technological advancements.
• Asia Pacific is the largest aquaculture market in the world, accounting for over 80% of global production.
• The market is fragmented, with a large number of players operating in the industry.
• The key trends in the market include the focus on sustainability, integration of digital technologies, and growing demand for value-added products.
• The market is expected to continue to grow in the coming years, driven by the rising demand for seafood, limited wild fish stocks, and government support.

More Trending Research Reports-

Fresh Cherries Market - https://www.globenewswire.com/news-release/2017/10/13/1145610/0/en/Global-Fresh-Cherries-Market-to-reach-US-5-22-Billion-by-2022-Transparency-Market-Research.html

Plant Growth Regulators Market - https://www.globenewswire.com/news-release/2018/11/28/1658221/0/en/Global-Plant-Growth-Regulators-Market-to-Clock-Revenue-of-US-3000-Mn-by-2026-TMR.html

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact:

Nikhil Sawlani
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.