According to a recent IMARC Group report, “Fishing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, Global aquaculture market to reach 72.4 Million Tons in 2021. Looking ahead, IMARC Group expects the market to reach 95.6 Million Tons during 2022-2027, exhibiting a CAGR of 4.8%. This report can be an excellent guide for investors, researchers, consultants, marketing strategists and those planning to enter the market in any form.
Aquaculture or aquafarming refers to the cultivation of fish, molluscs, crustaceans, and other aquatic species in a controlled environment. It involves the cultivation, reproduction and collection of aquatic organisms in a variety of aquatic environments, including freshwater, seawater and saltwater. The expanding aquaculture sector is primarily due to the growing number of fish, shrimp, lobster, crab, molluscs, etc. worldwide. These aquatic foods are associated with reduced risk of cardiovascular disease, improved metabolism, good digestion, proper bone development, and more. is in high demand based on its numerous associated health benefits such as
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Numerous aquaculture practices are adopted to achieve water quality control and maintain familiarity to improve overall production capacity of aquatic food products. Recently, the consumer trend is changing from high-calorie foods to a protein-rich diet that includes a wide variety of aquatic foods. Accordingly, the high amount of magnesium, phosphorus, omega-3 fatty acids, protein, unsaturated fat, vitamin B6, etc. present in various seafood products. The increase in consumer awareness is also driving the growth of the market. In addition, increasing demand for processed, canned and frozen seafood based on busy work schedules and sedentary lifestyles of consumers is also increasing the demand for aquaculture practices.
Division by type of fish:
- Freshwater fish
Degradation by environment:
- Fresh Water
- Sea water
- Salty water
Breakdown by distribution channel:
- Traditional retail
- Supermarkets and Hypermarkets
- Specialty retailers
- Online Stores
Division by region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, UK, Italy, Spain, Russia, others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape by Key Player:
- Texas Aquaculture Inc.
- Aquaculture Systems Technologies LLC
- Aquafarm Equipment AS
- Cermag ASA
- Cooke Aquaculture Inc.
- CPI Equipment Inc.
- Frea Aquaculture Solutions
- Grupo Farallon Aquaculture
- Huon Aquaculture Group Pty Ltd.
- International Fish Farming Co. – Hang up
- Leroy Seafood Group
- Nireus Aquaculture SA
- Selonda Aquaculture SA (Andromeda Seafood Limited)
- Stehr Group Pty Ltd.
- Stolt-Nielsen Limited (Fiducia Ltd.)
- Tassal Group Limited
- Thai Union Group Plc.
Key points of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- A comprehensive map of the competitive landscape
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As the novel coronavirus (COVID-19) crisis grips the world, we are continuously monitoring changes in markets as well as consumer industry behavior globally, and our estimates are made after taking into account the latest market trends and forecasts. the impact of this pandemic.
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