TOP SECRETS of Growing Aquaculture Business | How to Make Money with Aquaculture Industry

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.

Download PDF Sample Copy Here

Aquaculture Industry

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.

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.

Species Insights: Aquaculture:

On the basis of species, the global aquaculture market has been segmented into aquatic plants, fish, crustaceans, molluscs, and others. Under the species segment, the fish market led the global aquaculture market. Moreover, the aquatic plant's segment is anticipated to register the fastest CAGR over the projected period. Aquatic plants are used as food and raw materials for building materials, industrial processes, and manure in agriculture. These plants absorb minerals and enrich the water with oxygen produced during photosynthesis. These property of aquatic plants are beneficial as they assist in the maintenance of clean water and also help in preventing water pollution. They are also a source of bioenergy, biomass, and human & animal food. Moreover, marine and freshwater aquatic plants are extensively used as livestock fodder, fertilizer, compost, mulch, and bioremediation. Therefore a wide range of application and extensive research to find a new application for aquatic plants are the major factors boosting the aquatic plant's markets. This further boost the overall aquaculture market globally.

Cultural Environment Insights:

The global aquaculture market on the basis of cultural environment is segmented into freshwater, brackish water, and marine. The marine segment accounted for the largest share in the global aquaculture market. Marine aquaculture involves the cultivation of marine organisms for food and other products in the open ocean or in tanks and ponds which are filled with seawater. The different type of fishes raised in the marine aquaculture includes finfish and shellfish like prawns, or oysters and seaweed in saltwater ponds. Non-food products produced by include fish meal, nutrient agar, jewelry, and cosmetics. Marine aquaculture has rapidly expanded over the past few years due to improvements in formulated feeds, new technology, growing biological understanding of farmed species, increased water quality within closed farm systems, and greater demand for seafood products. These factors are projected to propel the growth of the aquaculture market over the forecast period.

The List of Top Companies of Aquaculture

1. Bakkafrost
2. Blue Ridge Aquaculture, Inc.
3. Cermaq Group AS
4. Cooke Aquaculture Inc
5. Danish Salmon A/S
6. Farallon Aquaculture Group
7. FIFAX AB
8. HESY Aquaculture B.V
9. Lerøy
10. Mowi ASA
11. NIRI AS
12. Selonda Aquaculture SA
13. Stolt-Nielsen Limited
14. TASSAL
15. Thai Union Group PCL

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.