Press release
Integrated Recirculating Aquaculture System (RAS) Market Poised for 9% Growth, Set to Hit $2.9 Billion by 2029
Integrated Recirculating Aquaculture System RAS
The integrated recirculating aquaculture system (RAS) market is forecasted to expand due to an increased demand for premium quality seafood. This surge in demand can be attributed to an increased awareness of the health benefits of seafood, and a growing preference among consumers for sustainably sourced products. Integrated recirculating aquaculture systems (RAS) play a pivotal role in producing top-tier seafood products, as they promote sustainable farming practices, optimize water usage, and maintain controlled environmental conditions for optimal fish health and preservation of the environment. The Department of Agriculture, Fisheries, and Forestry, a government agency based in Australia, stated in March 2024 that the proportion of seafood in overall production is anticipated to increase from 60% in 2023-24 to 64% by 2028-29. The overall real value of aquaculture is predicted to hit $2.21 billion by 2028-29. Consequently, the escalating demand for premium quality seafood items is bolstering the growth of the integrated recirculating aquaculture system (RAS) market.
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How will the growth rate of the integrated recirculating aquaculture system (ras) market shape industry trends by 2034?
In recent times, there has been robust expansion in the integrated recirculating aquaculture system (RAS) market. The market is forecasted to grow from $4.69 billion in 2024 to $5.13 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.3%. The considerable growth witnessed in the preceding period is credited to a rising demand for sustainable seafood, heightened awareness of overfishing issues, greater attention on water conservation, an increase in land-based fish farming, and a surge in seafood consumption.
In the ensuing years, a significant surge is projected in the value of the integrated recirculating aquaculture system (RAS) market. Accelerating at a compound annual growth rate (CAGR) of 9.0%, it is expected to increase to $7.24 billion by 2029. Several factors contributing to this escalation during the forecast period include the growing demand for ecological aquaculture techniques, heightened awareness about overfishing, increased need for traceable and safe seafood, development in organic and specialized seafood sectors, rising popularity of terrestrial aquaculture, and a surge in demand for disease-free fish. The future trajectory includes significant developments such as energy-efficient RAS, enhancements in water filtration technology of RAS, amalgamation with renewable energy sources, introduction of advanced biosecurity measures, and the inception of species-specific RAS systems.
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What trends are poised to drive the future success of the integrated recirculating aquaculture system (ras) market?
Top firms involved in the integrated recirculating aquaculture system (RAS) market are concentrating on developing unique solutions like water quality management systems with a primary goal of promoting fish health and advancing sustainability. Water quality management systems are methodologies and tools curated to observe and sustain the chemical, biological and physical characteristics of water to certify its safety and eligibility for a variety of applications. To exemplify, Evonik Industries AG, a specialty chemicals organization based in Germany, introduced VIGOROX Trident in May 2023. This product aims to mitigate waterborne fish pathogens in recirculating aquaculture systems (RAS) and ponds without adverse effects on the fish, by transforming into harmless byproducts. VIGOROX Trident propounds a secure and efficient substitute over conventional water treatment techniques, with no noted impact on salmon and similar finfish when used below 3.5 mg/L. It provides a budget-friendly solution to aquaculture operators for maintaining water quality, achieving compliance norms, and enhancing fish health, eliminating the need for additional procedures to eliminate chemical residues.
Which primary segments of the integrated recirculating aquaculture system (ras) market are driving growth and industry transformations?
The integrated recirculating aquaculture system (RAS) market covered in this report is segmented -
1) By Type: Closed Type, Semi Closed Type
2) By Application: Outdoor System, Indoor System
3) By End Use: Retail, Food Processing Industry, Restaurants And Food Service, Animal Feed Industry, Pharmaceutical And Nutraceutical Industries, Other End Uses
Subsegments:
1) By Closed Type: Fully Closed RAS, Modular Closed RAS, High-Density Closed RAS
2) By Semi Closed Type: Semi Closed RAS For Freshwater, Semi Closed RAS For Marine Water, Hybrid Semi Closed RAS Systems
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Which geographical regions are pioneering growth in the integrated recirculating aquaculture system (ras) market?
Asia-Pacific was the largest region in the integrated recirculating aquaculture system (RAS) market in 2024. The regions covered in the integrated recirculating aquaculture system (RAS) marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the integrated recirculating aquaculture system (ras) market landscape?
Major companies operating in the integrated recirculating aquaculture system (RAS) marker are Xylem Inc., Pentair plc, Veolia Water Technologies and Solutions, Kaeser Compressors Inc., Skretting, Innovasea Systems Inc., BioMar Group, Aqua BioTech Group, Stolt Sea Farm S.A., Sterner AS, Nocera Inc., Moleaer Inc., Blue Ridge Aquaculture Inc., BioFishency Ltd., OxyGuard International A/S, CM Aqua Technologies ApS, AquaMaof Aquaculture Technologies Ltd., Clewer Aquaculture Oy, Fox Aquaculture Inc., Hesy Aquaculture B.V., Integrated Aqua Systems Inc., Levapor India Pvt Ltd., MAT-KULING AS, AKVA Group ASA
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What Is Covered In The Integrated Recirculating Aquaculture System (RAS) Global Market Report?
•Market Size Forecast: Examine the integrated recirculating aquaculture system (ras) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the integrated recirculating aquaculture system (ras) market for a structured understanding.
•Key Players Overview: Analyze major players in the integrated recirculating aquaculture system (ras) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the integrated recirculating aquaculture system (ras) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the integrated recirculating aquaculture system (ras) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the integrated recirculating aquaculture system (ras) market.
•Industry Challenges: Identify potential risks and obstacles affecting the integrated recirculating aquaculture system (ras) market.
•Competitive Landscape: Review strategic developments in the integrated recirculating aquaculture system (ras) market, including expansions, agreements, and new product launches.
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