Aquaculture Market Size, Emerging Trends, Prominent Industry Share, and Business Expansions by 2030 | Blue Ridge Aquaculture, Cermaq ASA

The Aquaculture Market is estimated for 2023-2030 for the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Aquaculture refers to farming of aquatic organisms such as fish, shellfish, algae and aquatic plants in controlled environments. This includes finfish, shellfish and plant farming and production in fresh, brackish and marine water bodies.

Market Dynamics:

Aquaculture plays a significant role in meeting the rising demand for seafood due to factors such as growing population, rising income levels and changing food consumption patterns. According to the report, the global aquaculture market is expected to witness significant growth over the forecast period due to increasing adoption of intensive technology-driven fish farming techniques to boost fish production. Furthermore, steady growth in seafood trade globally supported by implementation of food safety regulations for ensuring supply of safe and nutritious seafood is also expected to support the market growth during the forecast period.

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Top Key Players are Covered in this Report:

★ Blue Ridge Aquaculture
★ Cermaq ASA
★ Cooke Aquaculture Inc.
★ Eastern Fish Co.
★ Huon Aquaculture Group Pty Ltd.
★ International Fish Farming Co. - Asmak
★ Marine Harvest ASA
★ Nireus Aquaculture S.A.
★ Promarisco
★ Selonda Aqauculture S.A

Detailed Segmentation

Segmentation by Fish Type:

★ Carps
★ Mollusks
★ Crustaceans
★ Salmon
★ Milkfish
★ Trout
★ Mackerels
★ Sea bream
★ Sea bass
★ Others

Segmentation by Environment:

★ Fresh Water
★ Marine Water
★ Brackish Water

Segmentation by Region

The global Aquaculture market has five main regional segments, divided by geographic region. These regions are North America, Europe, Asia Pacific, Middle East-Africa, and Latin America.

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Aquaculture Market Drivers: Population growth driving increasing demand for fish and seafood

Rising global population is one of the key drivers for the growth of the aquaculture market. United Nations estimates that the world population will reach 9.7 billion by 2050 putting immense pressure on the available food resources. Fish and seafood are considered an important source of protein and nutrients. With continuously growing population, the demand for fish and seafood is expected to increase significantly. Aquaculture offers a sustainable solution to fulfill the rising demand and meet the protein requirements of an expanding global population.

Growing middle class boosting demand for high quality fish and seafood products

Growth in disposable incomes in developing economies like China, India and others has led to expansion of middle class populations. Higher spending power has increased their demand for high quality and premium seafood products. Fish and seafood are considered a healthy and premium source of protein. The growing middle class has higher preference for fish and seafood in their diets. This rise in demand from expanding middle class segments especially in Asia Pacific region is a major driver for the aquaculture industry. Producers are focusing on producing high value fish species and seafood products to tap into this demand potential.

Aquaculture Market Restrain: Antibiotics and chemical usage environmental and health concerns

Use of antibiotics and chemicals in aquaculture to control diseases among farmed fish has emerged as an important restrain for the industry growth. Growing regulatory pressures and consumer awareness about environmental and human health risks associated with antibiotic and chemical residue in farmed seafood are major concerns. Many countries and regulatory bodies have imposed stringent regulations around the usage of such substances in aquaculture. The European Union has completely banned the use of certain antibiotics and chemicals used in aquaculture. Such regulations restrict the usage of these substances and impact production volumes for the industry. Growing sustainability focus is forcing producers to adopt organic and chemical-free aquaculture practices which increases production costs. This remains a key challenge for the aquaculture market.

Aquaculture Market Opportunity: Advancements in Recirculating Aquaculture Systems (RAS) technology

Development of innovative Recirculating Aquaculture Systems (RAS) offers significant opportunities for sustainable and space efficient aquaculture practices. RAS adopt closed system approach where 90-99% of water is re-circulated and reused after filtration. This significantly reduces water requirement and discharge of waste. RAS enables year-round production and cultivation of wide range of fish species. It provides protection from diseases and predators. Advancements in water treatment, aquaponics and sensor based monitoring is making RAS commercially viable. Their modular, mobile and scalable nature allowing flexible operations. Growing adoption of RAS especially for high value fish species cultivation provides major opportunities for aquaculture expansion in regions facing land and water constraints. It supports sustainable and environment friendly aquaculture practices.

Aquaculture Market Trend: Shift towards production of high value species

A major trend observed in the aquaculture market is gradual shift towards production of high value fish and shellfish species. Traditionally, industries focused on cultivation of low value carp, tilapia, pangasius and others. However, with rising incomes, changing diets and growing health awareness, demand for premium seafood like salmon, seabass, shrimp, tuna is on the rise globally. These species fetch higher market value and support better margins for producers. Many aquaculture companies are making investments and adopting advanced technologies to commercially produce such species. Others are implementing integrated multi-trophic aquaculture systems growing both algae and fish to produce high quality feeds and expand the product range. This shift towards production of more profitable, high value fish species is an important trend for long term growth of the aquaculture industry.

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The report answers a number of crucial questions, including:

✦ Which companies dominate the global Aquaculture market?
✦ What current trends will influence the market over the next few years?
✦ What are the market's opportunities, obstacles, and driving forces?
✦ What predictions for the future can help with strategic decision-making?
✦ What advantages does market research offer businesses?
✦ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
✦ What is the anticipated growth rate for the Aquaculture market economy globally?

Table of Contents with Major Points:

1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2023-2030 (USD Billion)
1.2.1. By Region, 2023-2030 (USD Billion)
1.2.2. By Type, 2023-2030 (USD Billion)
1.2.3. By Application, 2023-2030 (USD Billion)
1.2.4. By Verticles, 2023-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

2. Global Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

3. Global Market Dynamics
3.1. Market Impact Analysis (2023-2030)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities

4. Global Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2023-2030)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

5. Global Market, by Type
5.1. Market Snapshot
5.2. By Type, Performance - Potential Analysis
5.3. Global Aquaculture Market Estimates & Forecasts by Type 2023-2030 (USD Billion)
5.4. Sub-Segment Analysis

6. Global Market, by Application
6.1. Market Snapshot
6.2. By Application, Performance - Potential Analysis
6.3. Global Aquaculture Market Estimates & Forecasts by Application 2023-2030 (USD Billion)
6.4. Sub-Segment Analysis
6.4.1. Others

7. Global Market, by Verticles
7.1. Market Snapshot
7.2. By Verticles, Performance - Potential Analysis
7.3. Global Aquaculture Market Estimates & Forecasts by Verticles 2023-2030 (USD Billion)
7.4. Sub-Segment Analysis

8. Global Aquaculture Market, Regional Analysis
8.1. Regional Market Snapshot
8.2. North America Aquaculture Market
8.3. Europe Aquaculture Market Snapshot
8.4. Asia-Pacific Aquaculture Market Snapshot
8.5. Latin America Aquaculture Market Snapshot
8.6. Rest of The World Aquaculture Market

9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Keyplayer1
9.2.1.1. Key In Duration
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments

10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes

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