"Aquaculture Market Size and Industry Share Forecast: Segment Analysis (2022-2030)"
Aquaculture Market Overview
The global aquaculture market is expected to demonstrate lucrative growth opportunities for the key players during the forecast period due to the technological advancements in aquatic farming and harvesting. Additionally, the wide applications of aquatic species in agriculture, pharmaceutical industry, and the personal care industry are further fuelling the growth of the global aquaculture market which is projected to register a significant growth rate of 5.71% from 2022 to 2030 and reach a market value of USD 237.3 billion by the end of 2030. However, the major challenges being faced by the aquaculture companies are the combating of diseases and water-quality management. Overall, by analysing the aquaculture market, it can be noticed that market players in the industry are adopting strategies such as acquisitions, partnerships and agreements, and regional expansions to increase the profitability and expand their market share.
Click Here to Get Sample Premium Report-: https://www.marketresearchfuture.com/sample_request/8081
The global aquaculture market has been segmented based on environment, type, and region.
Based on environment, the global aquaculture market has been segmented into freshwater, marine water, and brackish water. The freshwater segment is expected to garner the largest market share during the forecast period. The segment’s dominance and growth can be attributed to the traditional and conventional aquaculture methods of aquatic farming. The brackish water segment is expected to register the highest growth rate during the forecast period. The reasons for the highest CAGR of the brackish water segment are the easy availability of species such as estuarine shrimp, heterogeneous shrimp, fish, and crabs in the coastal regions and their high preference in aquafarming. Additionally, brackish water aquaculture products are largely export-oriented, and farming is economical.
The global aquaculture market outlook has been segregated, by type, into fishes, crustaceans, Mollusca, and others. The fish’s segment is expected to be the largest in terms of revenue due to the high global farming of various fishes such as anchovy, pomfret, tuna, and salmon, especially in Asia-Pacific. Currently, salmon fish has been gaining huge popularity in the aquaculture market owing to high nutritional value and its availability in the Indian Ocean and the Pacific Ocean. However, the Mollusca segment is expected to exhibit the highest growth rate and gain market dominance during the forecast period owing to the increasing widespread utility of molluscs as a source of food and their high nutritional value.
Key Players
Some of the key players in the global aquaculture market are American Abalone Farms (US), Dainichi Corporation (Japan), Blue Ridge Aquaculture Inc. (US), Nippon Suisan Kaisha Ltd. (Japan), Cermaq ASA (Norway), Austevoll Seafood ASA (Norway), Cargill, Incorporated (US), Sea Watch International Ltd. (US), Mowi ASA (Norway), Cooke Aquaculture (Canada), Grieg Seafood ASA (Norway), Charoen Pokphand Foods PCL (Thailand), Maruha Nichiro Corporation (Japan), Thai Union Group PLC (Thailand), and Tassal Group Ltd. (Australia).
Regional Analysis
The global aquaculture market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.
The market in Asia-Pacific is expected to lead the global aquaculture market due to economic and population growth. Moreover, the high production and availability of aquatic species in the region are fuelling the regional market growth.
However, the market in North America is expected to register the highest growth rate during the forecast period owing to the increasing number of aquaculture companies with advanced and sustainable farming technique and high presence of retail marts with many aquatic products.
Browse In-depth Market Research Report (128 Pages, Charts, Tables, Figures) Aquaculture Market Report: https://www.marketresearchfuture.com/reports/aquaculture-market-8081
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
To stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
Sales: +1 628 258 0071 (US) +44 2035 002 764(UK)
Website: https://www.wantstats.com
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Russian
Romaian