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Growing Demand For High Quality Seafood Drives Integrated Recirculating Aquaculture System (RAS) Market Growth Emerges as a Core Driver of the Integrated Recirculating Aquaculture System (RAS) Market in 2025
Integrated Recirculating Aquaculture System (RAS) Market
What Is the Expected CAGR for the Integrated Recirculating Aquaculture System (RAS) Market Through 2025?
The market for the integrated recirculating aquaculture system (RAS) has been expanding significantly in the past years. The market that stood at $4.69 billion in 2024, is projected to reach $5.13 billion in 2025, registering a compound annual growth rate (CAGR) of 9.3%. This historic growth trend is mainly driven by the growing interest in sustainable seafood, escalating worry regarding overfishing, intensified emphasis on water conservation, burgeoning expansion of land-based fish farming, and an upward trajectory in seafood consumption.
What's the Projected Size of the Global Integrated Recirculating Aquaculture System (RAS) Market by 2029?
Expected to experience robust expansion in the forthcoming years, the market size of the integrated recirculating aquaculture system (RAS) is projected to reach $7.24 billion in 2029, with a compound annual growth rate (CAGR) of 9.0%. The expected growth during the prediction period is attributed to the escalating demand for sustainable fish farming methods, heightened consciousness about overfishing, an increased demand for safe and traceable seafood, the expansion of organic and niche seafood markets, the rising interest in land-based aquaculture, and the surge in demand for fish that are free from diseases. Future trends in the forecasted phase comprise developments in energy-efficient RAS, advancements in RAS water filtration technology, coupling with renewable energy sources, the adoption of superior biosecurity procedures, and the evolution of species-specific RAS systems.
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Top Growth Drivers in the Integrated Recirculating Aquaculture System (RAS) Industry: What's Accelerating the Market?
The escalating consumer demand for top-tier seafood commodities is set to drive the expansion of the integrated recirculating aquaculture system (RAS) market. This surge is attributed to rising health consciousness about the nutritional advantages of seafood and the budding consumer inclination towards sustainably procured options. Integrated recirculating aquaculture systems (RAS) play a crucial role in generating quality seafood through environmentally-friendly farming, efficient use of water, and regulation of conditions for enhanced fish health and environmental safety. For instance, a projection by the Department of Agriculture, Fisheries and Forestry, an official agency in Australia, in March 2024, showed that seafood production is estimated to rise from 60% of the aggregate production value in 2023-24 to 64% by 2028-29. Concurrently, the overall actual value of aquaculture is expected to hit $2.21 billion by 2028-29. Hence, the increasing demand for top-quality seafood products is fueling the growth of the integrated recirculating aquaculture system (RAS) market.
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What Trends Will Shape the Integrated Recirculating Aquaculture System (RAS) Market Through 2029 and Beyond?
Leading entities in the integrated recirculating aquaculture system (RAS) market are prioritizing the creation of original solutions, such as systems for water quality management, to promote the health of the fish and heighten sustainability. These systems are mechanisms and procedures set up to observe and preserve the chemical, physical, and biological condition of water, ensuring its safety and appropriateness for diverse applications. For example, Evonik Industries AG, a specialist chemicals business based in Germany, unveiled VIGOROX Trident in May 2023. This item is designed to minimize the presence of waterborne fish diseases in recirculating aquaculture systems (RAS) and fish ponds, decomposing into innocent byproducts while the fish are still present. VIGOROX Trident serves as a safe and efficient substitute to conventional water treatment methods, with no visible impact on salmon and similar finfish at concentrations beneath 3.5 mg/L. It allows operators in the aquaculture industry to keep the water quality in check, adhere to compliance standards, and enhance fish health without needing to include steps for chemical residue cleanup.
What Are the Main Segments in the Integrated Recirculating Aquaculture System (RAS) Market?
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 Top Companies are Driving Growth in the Integrated Recirculating Aquaculture System (RAS) Market?
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
Which Regions Will Dominate the Integrated Recirculating Aquaculture System (RAS) Market Through 2029?
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.
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