Aquaculture Market Size To Worth USD 116.6 Million Tons By 2032 | CAGR of 4.2%

𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐪𝐮𝐚𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲: 𝐊𝐞𝐲 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬 𝐚𝐧𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐

𝐒𝐮𝐦𝐦𝐚𝐫𝐲:

● The global aquaculture market size reached USD 79.3 Million Tons in 2023.
● The market is expected to reach USD 116.6 Million Tons by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032.
● Asia Pacific leads the market, accounting for the largest aquaculture market share.
● Freshwater fish accounts for the majority of the market share in the fish type segment, as freshwater aquaculture typically requires lower capital investment compared to marine farming.
● Fresh water holds the largest share in the aquaculture industry.
● Traditional retail remains a dominant segment in the market, as traditional retail channels often have strong relationships with local suppliers, ensuring a consistent and reliable supply of aquaculture products.
● The rising government support and regulations is a primary driver of the aquaculture market.
● Technological advancements and the expansion of aquatic farming areas are reshaping the aquaculture market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/aquaculture-market/requestsample

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

● 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬:

Government-funded research institutions and programs focus on developing innovative technologies and best practices by improving productivity, environmental sustainability, and competitiveness. Moreover, governing agencies of numerous countries are investing in infrastructure projects, such as the construction of hatcheries, processing plants, cold storage facilities, and transportation networks, to support the aquaculture supply chain. They provide extension services, technical assistance, and training programs to educate aquaculture farmers on disease management and market development, which improves the skills and knowledge of farmers.

● 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐨𝐟 𝐚𝐪𝐮𝐚𝐭𝐢𝐜 𝐟𝐚𝐫𝐦𝐢𝐧𝐠 𝐚𝐫𝐞𝐚𝐬:

Opening new aquatic farming areas, such as offshore locations or inland water bodies, allows for the expansion of aquaculture production capacity. These areas provide additional space for farms to grow and raise fish, shellfish, and other aquatic organisms, thereby increasing overall output to meet the rising demand for seafood. It takes place in various environments, including coastal waters, freshwater ponds, and even land-based recirculating systems, which helps in mitigating risks associated with factors like environmental fluctuations, disease outbreaks, and regulatory changes. Additionally, it enhances food security by increasing the availability of nutritious seafood products.

● 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐚𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬:

Innovations in genetics and selective breeding are leading to the development of fish strains with desirable traits, such as faster growth rates, disease resistance, and better feed conversion efficiency. Innovative techniques for disease prevention, detection, and treatment help mitigate disease outbreaks in aquaculture systems. Additionally, automated feeding systems equipped with sensors and software algorithms enable precise feeding management based on fish behavior, environmental conditions, and nutritional requirements. Furthermore, recirculating aquaculture systems (RAS) technology recycles and treats water within closed-loop systems and minimizes water usage.

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/request?type=report&id=3167&flag=C

𝐀𝐪𝐮𝐚𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐅𝐢𝐬𝐡 𝐓𝐲𝐩𝐞:

● Freshwater Fish
● Molluscs
● Crustaceans
● Others

Freshwater fish represents the largest market share due to the easy cultivation of these species as compared to their marine counterparts.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭:

● Fresh Water
● Marine Water
● Brackish Water

Fresh water accounts for the majority of the market as it is more accessible and abundant compared to marine environments, making them more feasible for aquaculture operations.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥:

● Traditional Retail
● Supermarkets and Hypermarkets
● Specialized Retailers
● Online Stores
● Others

Traditional retail holds the biggest market share owing to the importance of localized distribution channels and the enduring value of personal relationships in the seafood industry.

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

Asia Pacific enjoys the leading position in the aquaculture market on account of the growing population, economic expansion, and societal aspects like traditional fish consumption patterns.

𝐓𝐨𝐩 𝐀𝐪𝐮𝐚𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐋𝐞𝐚𝐝𝐞𝐫𝐬:

The aquaculture market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

● 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

𝐍𝐨𝐭𝐞: 𝐈𝐟 𝐲𝐨𝐮 𝐫𝐞𝐪𝐮𝐢𝐫𝐞 𝐚𝐧𝐲 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐜𝐨𝐯𝐞𝐫𝐞𝐝 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 𝐬𝐜𝐨𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐰𝐞 𝐰𝐢𝐥𝐥 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐭𝐡𝐞 𝐬𝐚𝐦𝐞 𝐚𝐬 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

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