Aquaculture is known as fishing and farming of aquatic plants molluscs, algae and others. Fish and seafood are the important source of nutrients and has a growing demand in the market. Trends of smart fishing and increase of seafood trade is also helping to increase the demand for the market.
Market Analysis and Insights: Global Aquaculture Market
Aquaculture market is expected to reach USD 54.9 billion by 2027 growing at a growth rate of 7.30% in the forecast period 2020 to 2027.
Research and development in aquaculture is continuously working and doing improvement regarding the aquaculture production system which is resulting in the increased production efficiency, higher product quality for consumers, and more sustainable industry. The advancement in technology for off-shore and open ocean aquaculture is furthermore expected to supplement the growth of the market.
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The major players covered in the aquaculture market report are:
Leroy, blueridgeaquaculture, Cermaq Group AS, Cooke Aquaculture, DAINCHI corporation, Huon Aqua, Mowi, Maruha Nichiro Corporation, Sea Watch International, Selonda SA, Stolt-Nielsen among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
Global Aquaculture Market, By Type (Equipment, Chemicals, Pharmaceuticals, Fertilizer), Culture (Freshwater, Marine, Brackish Water), Species (Aquatic Animals, Aquatic Plants), Mode of Operation (Mounted, Trailed and Others), Production Type (Small scale and Medium scale and Large scale),Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
At present the aquaculture growth is high, due to the government support and the use of new technologies and the development of the infrastructure in aquaculture industries are the major factors for the development of the market. Consumer concerns regarding high protein intake is also a win for the market growth, however, the changes in climate conditions and the escalation of population hamper the market growth. Moreover, with overfishing it also disturbs the aquaculture and be a restrain for the market.
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Competitive Landscape and Global Aquaculture Market Share Analysis
Aquaculture market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aquaculture market.
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