Market Research Future Insights
According to MRFR analysis, the global aquaculture market is expected to register a CAGR of 5.71% from 2022 to 2030 and hold a value of over USD 237.3 billion by 2030.
The aquaculture market, often referred to as “aquafarming,” involves the cultivation of aquatic organisms under controlled conditions. From fish and shellfish to aquatic plants, this sector has diversified over the years, offering a range of products that cater to different tastes and preferences. As the world’s population continues to grow, aquaculture has emerged as a vital source of protein, providing a significant portion of the global seafood supply.
Sustainability at Its Core
One of the most compelling aspects of the aquaculture market is its potential to alleviate the pressure on wild fish populations. Overfishing has led to the depletion of numerous fish stocks, disrupting ocean ecosystems and endangering marine life. Aquaculture presents an eco-friendly alternative, reducing the need for extensive fishing activities while promoting species conservation.
Moreover, the industry has made substantial strides in adopting sustainable practices. Advanced water treatment technologies, responsible feed sourcing, and disease management strategies are transforming aquaculture into an environmentally conscious endeavor. By minimizing resource consumption and waste production, the market is aligning with the global drive towards a greener future.
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Some of the key market players are:
Nippon Suisan Kaisha Ltd. (Japan)
American Abalone Farms (US)
Cermaq ASA (Norway)
Dainichi Corporation (Japan)
Cargill Incorporated (US)
Austevoll Seafood ASA (Norway)
Charoen Pokphand Foods PCL (Thailand)
Blue Ridge Aquaculture Inc. (US)
Mowi ASA (Norway)
Tassal Group Ltd. (Australia)
Sea Watch International Ltd. (US)
Grieg Seafood ASA (Norway)
The global aquaculture market has been segmented into type and environment.
Based on the type, the market has been segmented into fishes, crustaceans and mollusca.
Based on the environment, the market has been segmented into freshwater, marine water and brackish water.
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The largest region of the global aquaculture market is Asia. Asia accounts for over 89% of the world’s total aquaculture production. This is due to several factors, including favorable climate and geography for aquaculture, a long history and culture of fish farming in many Asian countries, and the increasing demand for seafood in the region.
Other than Asia, other significant aquaculture markets include Europe and North America. However, these regions are much smaller in terms of total production, accounting for less than 5% of the world’s total aquaculture output.
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