Press release
Global Precision Aquaculture Market to Reach $0.99 Billion by 2029, Growing at 13.2% CAGR
Precision Aquaculture Market Size
In recent times, there has been a swift expansion in the precision aquaculture market size from $0.53 billion in 2024, which is estimated to rise to $0.6 billion in 2025 with a compound annual growth rate (CAGR) of 13.5%. Factors contributing to this growth over the historic period include the surge in seafood demand, increased consciousness about environmental effects, supportive government policies and regulations, escalating operating expenses, and advancements in fish health management.
The market size for precision aquaculture is anticipated to experience accelerated expansion in the upcoming years, poised to reach a valuation of $0.99 billion in 2029, with a compound annual growth rate (CAGR) of 13.2%. The predicted growth within this time frame can be credited to factors such as the increasing emphasis on food safety and quality, a surge in investment towards innovations in aquaculture, expansion of aquaculture facilities, a growing global population, and an increase in middle-class income. The forecast period will see significant trends including an increased embrace of artificial intelligence (AI) and machine learning, advancements in remote sensing technology, the incorporation of blockchain for enhanced traceability, the cultivation of advanced data analytics platforms, and the improvement of farm management software.
What Factors Are Fueling Growth in the Precision Aquaculture Market?
The surge in worldwide demand for seafood is anticipated to fuel the expansion of the precision aquaculture market. Seafood, harvested from oceans, rivers, lakes, and other bodies of water, is a desirable food due to its protein and omega-3 fatty acid content. Further, with consumers increasingly seeking sustainable and nutritious meal choices, seafood's popularity is on the rise. Precision aquaculture bolsters seafood production by refining farming techniques, promoting sustainable resource management, and enhancing the health and quality of aquatic species. For example, the Department of Agriculture, Fisheries, and Forestry, a governmental department in Australia, reported in December 2023 that Australians ate around 350,000 tonnes of seafood during 2021-22, equating to an average of 13.8 kilograms per individual. There was also a 2% growth in the value of fisheries and aquaculture imports, reaching $2.19 billion, mainly due to a rise in prawn imports. Consequently, the escalating worldwide demand for seafood is pushing the growth of the precision aquaculture market forward.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19157&type=smp
Which Leading Companies Are Shaping the Growth of the Precision Aquaculture Market?
Major companies operating in the precision aquaculture market are Signify N.V., Pentair PLC, Nofima AS, Cermaq Group AS, Skretting, Grieg Seafood ASA, AKVA Group ASA, ScaleAQ, Benchmark Holdings PLC, In-Situ Inc., InnovaSea Systems Inc., Biomar Group, INVE Aquaculture, Eruvaka Technologies, BioFishency Ltd., Ace Aquatec, OxyGuard International A/S, Planet Lighting Ltd., AquaMaof Aquaculture Technologies Ltd., SNRAS Systems Private Ltd.
What Are the Major Trends Shaping the Precision Aquaculture Market?
Leading businesses in the precision aquaculture market are concentrating on the creation of innovative products such as AI-based aquaculture cameras, in a bid to gain a competitive advantage in the sector. These state-of-the-art imaging systems are equipped with AI algorithms, tailored specifically to monitor and manage aquaculture environments. For example, ReelData AI, a software firm from Canada, unveiled ReelVision in July 2024. This AI application-specific camera has been crafted for aquaculture applications including behavioral analysis, feeding rates, and assessing fish health and welfare. This sophisticated AI camera system has been custom-made specifically for fish farming. The utilisation of this data-driven technology allows farmers to make better informed decisions regarding feeding, stocking density and health management, thus optimizing production, cutting down waste and reducing environmental damage.
What Are the Key Segments of the Precision Aquaculture Market?
The precision aquaculturemarket covered in this report is segmented -
1) By Component: Hardware, Software, Service
2) By Farm Type: Open Aquaculture Farm, Recirculatory Aquaculture System (RAS) Farm
3) By Application: Feed Optimization, Monitoring And Surveillance, Yield Analysis And Measurement, Other Applications
Subsegments:
1) By Hardware: Sensors, Cameras, Feeding Systems, Water Quality Monitoring Devices, Control Systems, Autonomous Vehicles
2) By Software: Data Management Software, Monitoring And Control Software, Analytics Software, Simulation And Modeling Software, Reporting And Compliance Software
3) By Service: Consulting Services, Installation And Deployment Services, Maintenance And Support Services, Training Services, Data Analysis And Interpretation Services
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/precision-aquaculture-global-market-report
Which Region Dominates the Precision Aquaculture Market?
Asia-Pacific was the largest region in the precision aquaculture market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the precision aquaculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Precision Aquaculture Global Market Report?
- Market Size Analysis: Analyze the Precision Aquaculture Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Precision Aquaculture Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Precision Aquaculture Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Precision Aquaculture Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19157
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Precision Aquaculture Market to Reach $0.99 Billion by 2029, Growing at 13.2% CAGR here
News-ID: 3870480 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Aquaculture
Aquaculture Expansion Market Hits New High | Major Giants Cooke Aquaculture, Nis …
HTF MI just released the Global Aquaculture Expansion Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major companies profiled in Aquaculture Expansion Market are: Mowi ASA, Marine…
Aquaculture Market Is Booming So Rapidly | Blue Ridge Aquaculture, Cermaq ASA, C …
Market Overview
The aquaculture market encompasses the farming of fish, crustaceans, mollusks, aquatic plants, algae, and other organisms in controlled environments to meet the burgeoning global demand for seafood. This industry offers significant advantages over traditional capture fisheries by ensuring consistent product quality, reducing overfishing pressure, and promoting sustainable food production. Advanced recirculating aquaculture systems (RAS), biofloc technology, and automated feeding solutions have enhanced yield efficiency, lowered disease incidence, and minimized…
Advancing Aquaculture: Navigating the Global Aquaculture Equipment Market
Introduction
The global aquaculture equipment market is making significant waves as it plays a pivotal role in sustaining the world's growing appetite for seafood. Aquaculture, the practice of cultivating aquatic organisms in controlled environments, is rapidly evolving to meet the increasing demand for fish and seafood products. This article dives into the intricate ecosystem of the global aquaculture equipment market, exploring its significance, key drivers, technological innovations, challenges, regional dynamics, and…
[PDF] Recirculating Aquaculture Market 2021 SWOT Analysis by Players: Blue Ridge …
The Recirculating Aquaculture Market: 2020 Industry Report is a professional and in-depth study on the current state of the Recirculating Aquaculture Market by SMI. The Recirculating Aquaculture market is supposed to demonstrate considerable growth during the forecast period of 2020 - 2028. The company profiles of all the key players and brands that are dominating the market have been given in this report. Their moves like product launches, joint ventures,…
Global Aquaculture Market Growing Popularity and Emerging - Nireus Aquaculture S …
The “Aquaculture Market (Carp, Molluscs, Crustaceans, Salmon, Trout and Other Fish) by Culture (Marine Water, Fresh Water and Brackish Water): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021” A fundamental outline of the Aquaculture niche is presented by the Aquaculture report that entails definitions, classifications, applications together with industry chain framework. The Aquaculture report provides a far-reaching evaluation of necessary market dynamics and…
Aquaculture Market Top Key Vendors- Nireus Aquaculture S.A., Blue Ridge Aquacult …
Zion Market Research published a new 110+ pages industry research “Global Aquaculture Market Set For Rapid Growth, To Reach USD 209.42 Billion by 2021” is exhaustively researched and analyzed in the report to help market players to improve their business tactics and ensure long-term success. The authors of the report have used easy-to-understand language and uncomplicated statistical images but provided thorough information and detailed data on the Global Aquaculture Market.…
