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Aquaculture Market Growth Prospects, Key Vendors, Future Scenario Forecast to 2027 | NIRI AS, Selonda Aquaculture SA, Stolt-Nielsen Limited, TASSAL, Thai Union Group PCL

Aquaculture Market Growth Prospects, Key Vendors, Future Scenario Forecast to 2027 | NIRI AS, Selonda Aquaculture SA, Stolt-Nielsen Limited, TASSAL, Thai Union Group PCL

iCrowd Newswire - Aug 30, 2019

Latest market study on “Global Aquaculture Market to 2027 – Analysis and Forecasts by Species (Aquatic Plants, Fish, Crustaceans, Molluscs, and Others), Nature (Land based and Offshore), Culture Environment (Fresh water, Brackish water, and Marine)”, The global aquaculture market is accounted to US$ 264,470.0 Mn in 2018 and is expected to grow at a CAGR of 7.7% during the forecast period 2019 – 2027, to account to US$ 509,743.0 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.


Under the species segment, the fish segment accounted for the largest share in the global aquaculture market. Availability of a wide variety of fish and rising demand from developing countries such as the US, Canada, France, Italy, and China among are the key factors that promote the demand for fish in the global aquaculture market. Furthermore, fish is a good source of proteins, minerals, and vitamins, which help to provides numerous health benefits. Fish has essential fatty acids, and its consumption helps to reduce the risk of cardiovascular diseases and contribute to brain and vision development. Therefore, the rise in awareness about the health benefits associated with fish consumption driving the of fish segment growth in the global aquaculture market.


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Seafood, specifically fish is the part of traditional food in many regions. Also, fish is largely consumed owing to its nutritional benefits and several health benefits. It is considered as a good source of fatty acids, vitamins, minerals, protein, and essential micronutrients. Increase in disposable income and spending power of consumer also upsurge their spending on animal proteins such as seafood as compared to other food categories. Also, the Food and Agriculture Organization (FAO) has predicted that fish consumption by a human is expected to increase by 50% in the coming 15 years. Currently, high growth in population and growing awareness amongst consumer about the seafood as a healthy source of protein have fueled the growth of aquaculture market. Along with this, the increase in purchasing power of people in developing nations has also supported the market growth. Wild fisheries are not sufficient to meet the global demand for seafood. Thus, aquaculture is a suitable solution, which is the fastest-growing form of food production. Thus, the global increase in fish consumption is driving the growth of the aquaculture market.


Strategic Insights


Mergers and acquisition were observed as the most adopted strategies in global aquaculture market. Few of the recent developments in the global aquaculture market are listed below:


Leading Aquaculture Market Players:


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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Aquaculture market based on product and application. It also provides market size and forecast till 2027 for overall Aquaculture market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.


Also, key Aquaculture market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.


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Keywords:    Aquaculture Market, Aquaculture, Aquaculture Market Analysis, Aquaculture Market Share, Aquaculture Market Forecast, Aquaculture Companies

Tags:    Research Newswire, English