Organic aquaculture depicts farmingof marine animals by adhering the organic practices. Further, it also includesprohibition of use of synthetic chemicals and pesticides and the use of onlyorganic feed during organic aquaculture farming. Concerning on the goal oforganic agriculture, the primary aim of regulatory bodies is to optimize thehealth and productivity of resources that is based on interdependentcommunities including the life of soil, plants, farming area, animals, andhumans. Currently, in organic food and beverage industry, organic aquacultureis one of the fastest growing sector owing to increasing demand for seafoodproducts in the global seafood market. In the global organicaquaculture product market, North America and Western European countriesaccount the majority of share due to changing consumer preference towards ahealthy lifestyle and changing buy habits such as preference over organicinstead of conventional.
Organic AquacultureProduct Market: Key Drivers
Key drivers influencing the demandfor organic aquaculture product in the global market is due to rising fish orseafood consumption and increasing market share if organic foods in the globalmarket. In addition, another driver contributes towards the growth of organicaquaculture products in the market is the expectations of the consumers. Interms of expectation, the primary expectation is quality of food, nutritionalcontent, safety, concerns related to the environment, and also societal andeconomic benefits for farmers and as well as for society. In global organicaquaculture product market, the demand for organic aquaculture products such asfinfish, shellfish, aquatic plants, and other aquatic food products isincreasing. Increasing demand for processed, frozen and exotic food due torapid urbanization and changing lifestyle the demand for products such asorganic dairy, organic meat, organic aquaculture products is increasing atrobust growth. Number of modern retail formats, food foodservice manufacturersand quick chain restaurants are increasing with a higher growth rate indeveloping economies, due to which the demand for organic aquaculture orseafood is increasing. This is also attributed to cater to increasing consumerdemand for aquaculture food products as household consumption and fast foodretail chain outlets. Health conscious consumers are more inclined towardsprotein rich food products over high calorie products. This is also anothertrend in the developing economies and it is expected to continue in near future.
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Organic AquacultureProduct Market: Key segment
The market segment for organicaquaculture products is segmented on the basis of by types, by end-use, byform, and by distribution channel. On the basis of types, organicaquaculture market is segmented into organic salmon, organic shrimp, organicpangasius, organic trout, and others. In the global organic aquaculture productmarket, the majority of demand accounts for organic salmon and organic shrimpowing to increasing demand for organic seafood in frozen and processed form.Further, market segment by end-use, organic aquaculture product are segmentedinto the household and commercial use. Another market segment for organicaquaculture product is segmented on the basis canned, frozen, fresh or chilled,and others. Rising demand for frozen food products in the global food industryis expected to drive the demand for organic aquaculture product in frozen andprocessed form. By distribution channel segment, the market for organicaquaculture is segmented by direct and indirect distribution channel. Further,the market for organic aquaculture by indirect channel of distribution issub-segmented into hypermarket/supermarket, convenience stores, the onlineretail channel of distribution and others.
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Organic AquacultureProduct Market: Regional Segment
On the basis of regional segment,market for organic aquaculture products is segmented into seven region acrossthe globe, it includes North America, Latin America, Western Europe, EasternEurope, Asia-Pacific, Japan and the Middle East & Africa. Primarily thedemand for organic aquaculture products is increasing in North America followedby Western Europe market owing to increasing consumption of organic food aswell as organic seafood products in the regions.
Organic AquacultureProduct Market: Key Players
Some of the key players operating inthe business of organic aquaculture products are Anova Seafood BV, OrganicShrimp Farming Co. Ltd., SalMar, Ristic GmbH, Artisan Fish LLC, GLENARM ORGANICSALMON, DOM Intentional, Omarsa S.A., OSO, MSeafood Corp., Artisan Fish LLC,and others.
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