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Aquaculture Market Research Future Insights
Aquaculture Market Size was valued at USD 152.2 billion in 2021. The aquaculture market industry is projected to grow from USD 160.9 billion in 2022 to USD 237.3 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.71% during the forecast period (2022 – 2030).
The global aquaculture market refers to the production and cultivation of aquatic organisms, such as fish, shellfish, and aquatic plants, in controlled environments like ponds, tanks, and cages. It is a rapidly growing sector of the global food industry, driven by the increasing demand for seafood, declining wild fish stocks, and advancements in aquaculture technologies. the global aquaculture market was experiencing steady growth and was expected to continue expanding in the coming years. However, I don’t have access to real-time data, so it’s important to note that the market conditions may have changed since then.
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Key Players
Nippon Suisan Kaisha Ltd. (Japan), American Abalone Farms (US), Cermaq ASA (Norway), Dainichi Corporation (Japan), Cargill Incorporated (US) and Austevoll Seafood ASA (Norway)
Market Segmentation
Global Aquaculture market has been segmented into Environment, Type .
Environment : Freshwater , Marine Water, Brackish Water
Type : Fishes , Crustaceans , Mollusca
Regional Analysis
Asia-Pacific is the largest and most dominant region in the global aquaculture market. Countries such as China, India, Indonesia, and Vietnam are major contributors to aquaculture production. These countries have favorable geographic and climatic conditions, as well as a long-standing tradition of aquaculture. They produce a wide variety of aquaculture products, including fish, shrimp, mollusks, and seaweed. The region also has a large domestic market for seafood consumption, driving the demand for aquaculture products.
North America is another significant region in the global aquaculture market. The United States and Canada are the primary players in this region. The aquaculture industry in North America focuses on fish production, including species such as salmon, trout, tilapia, and catfish. There is a growing trend of sustainable and responsible aquaculture practices in the region, with an emphasis on minimizing environmental impacts.
Europe has a well-established aquaculture industry, with countries such as Norway, Scotland, and Greece being major players. Salmon farming is particularly prominent in Norway and Scotland, while Greece specializes in Mediterranean species such as sea bream and sea bass. European aquaculture is known for its high-quality products and stringent environmental regulations. There is also a growing market for organic and certified sustainable aquaculture products in the region.
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