The latest report by IMARC Group, titled “Aquaculture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” offers a comprehensive analysis of the industry, which comprises insights on the global aquaculture market share. The global market size reached 75.6 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 100.3 Million Tons by 2028, exhibiting a growth rate (CAGR) of 4.86% during 2023-2028.
Aquaculture, also known as fish farming, encompasses controlled processes for breeding, rearing, cultivating, and harvesting various aquatic organisms including fish, algae, and shellfish. These practices commonly take place in freshwater ponds, rivers, coastal waters, and on-land tanks. The purpose of aquaculture extends to food production, aquarium maintenance, and the preservation of habitats and populations of threatened and endangered species. Additionally, aquaculture plays a role in minimizing waste generation by producing feed for fish and shellfish, providing a natural and secure environment for aquatic populations, and ensuring the efficient utilization of agricultural and natural resources. As a result, aquaculture techniques are widely adopted across different countries.
Request Your Sample Report Now: https://www.imarcgroup.com/aquaculture-market/requestsample
Aquaculture Market Trends and Drivers:
The booming aquaculture market can be attributed to shifting consumer preferences towards seafood and the rising demand for organic and seafood-based products. Additionally, the increasing utilization of fish oil in various industries such as pharmaceuticals, food and beverages, nutraceuticals, and cosmetics is further fueling market growth. Fish breeders are also becoming increasingly aware of the benefits of aquaculture practices in maintaining overall productivity and water quality control, serving as a significant driver of growth. Furthermore, the introduction of advanced technological equipment for fish behavior analysis, water monitoring, and facility logistics management is providing further stimulus to the global market. Furthermore, ongoing research and development activities in the genetic enhancement of finfish species, chromosome manipulation, fish reproduction control, and the prevention of parasitic diseases in aquatic animals in open and offshore environments are expected to drive the aquaculture market in the future.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Fish Type:
- Freshwater Fish
- Molluscs
- Crustaceans
- Others
Breakup by Environment:
- Fresh Water
- Marine Water
- Brackish Water
Breakup by Distribution Channel:
- Traditional Retail
- Supermarkets and Hypermarkets
- Specialized Retailers
- Online Stores
- Others
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
Competitive Landscape with Key Player:
- 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
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
Email: [email protected]
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Follow us on Twitter: @imarcglobal
