Aquaculture is Gaining Traction in Terms of Protein-Rich Supplement
The expansion of the aquaculture market can be linked to changes in people's food consumption patterns all around the world. The growth of the retail market and the ease with which the product is available through multiple sales channels make it convenient for consumers to purchase packaged aquaculture, which drives the market. The increasing demand for innovative food production solutions has resulted in the increasing adoption of precision farming concepts, which rely on technologies such as drones, IoT connectivity, and self-driving tractors. Aquaculture is a sister industry that is similarly important for global food security but has been less affected by technological improvements. However, there has been a recent surge in popularity.
Aquaculture is presently an absolute necessity to meet food demand and supply. This sector produces high-quality, disease-free fish by growing fish in a hygienic environment. Aquaculture activity is also used by enterprises to save species that are near extinction. The surge in popularity of protein-rich diets is expected to bring up new opportunities for the global aquaculture market. An increase in demand for fish in the dietary nutrition industry to provide omega-3 supplements drives the aquaculture market. Aquaculture production encompasses 580 species cultivated all over the world, exhibiting a wealth of genetic variation both within and across species. Some farmers in developing countries and multinational corporations with ownership of the stock being grown; practice aquaculture. Eating fish is part of many people's cultural customs and it has a good nutritional profile in terms of health benefits, these factors are driving the aquaculture market.
Aquaculture is presently an absolute necessity to meet food demand and supply. This sector produces high-quality, disease-free fish by growing fish in a hygienic environment. Aquaculture activity is also used by enterprises to save species that are near extinction. The surge in popularity of protein-rich diets is expected to bring up new opportunities for the global aquaculture market. An increase in demand for fish in the dietary nutrition industry to provide omega-3 supplements drives the aquaculture market. Aquaculture production encompasses 580 species cultivated all over the world, exhibiting a wealth of genetic variation both within and across species. Some farmers in developing countries and multinational corporations with ownership of the stock being grown; practice aquaculture. Eating fish is part of many people's cultural customs and it has a good nutritional profile in terms of health benefits, these factors are driving the aquaculture market.
Health Benefits will Increase the Consumption of Aquatic Organisms
Rising awareness about the benefits of fish intake is driving up global fish consumption, which will drive market growth over the forecast period. Fish is high in omega-3 fatty acids and contains vital nutrients and vitamins; these contents provide various health benefits, including lowering the risk of heart disease, avoiding depression, preventing asthma in children, boosting brain health, and many others. Farmers are constantly improving the production of various commercial species such as trout, salmon, and carps through intensification techniques. This feature is anticipated to drive significant growth in the aquaculture market in the coming years. These intensification strategies will play an important role in aquatic animal monitoring, feed management, and nutritional balance maintenance in aquatic animals while minimising environmental impact. These factors are expected to increase demand for aquatic animal products, fuelling market expansion. Rising seafood demand and yield promoters among growers are major growth promoters for the aquaculture market. Consumers' food preferences are evolving towards unique and organic seafood-based food products, encouraging manufacturers and producers to expand their aquaculture company in the global market. The expanding usability of aquatic animals and substances in food service industries has ensured the aquaculture market's future growth during the forecast period.
Recent Trends in the Aquaculture Industry:
- Expansion of sustainable aquaculture practices to meet global demand requirements.
- Adoption of technology for precise farming and efficient resource management.
- Advancing biosecurity measures against diseases in aquaculture facilities.
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Severe Government Regulations, High Costs, Barriers to Sustainable Production & Certification Issues Presents a Long-term Threat to Market Participants
The high production costs of aquatic organisms and severe government regulation on trapping aquatic animals due to overfishing affecting marine ecosystems is expected to be a restraint on aquaculture market expansion during the forecast period. Furthermore, fish may eat hazardous pollutants, particularly mercury, dumped into bodies of water by industry; consuming such fish damages the person's neurological system. Through present certification and grading processes, small aquaculture farmers frequently fail to show environmental and social sustainability. As a result, farmers' access to higher-value markets is limited. Aquaculture supply networks are more complicated and opaquer, with a greater number of intermediaries. As a result, seafood purchasers have struggled to ensure that their seafood is supplied sustainably. This aspect is expected to have a significant impact on fish consumption, limiting market growth.
Aquaculture Market Expansion is Encouraged by Novel Seafood Innovations
The market is expected to increase owing to continuously increasing technological advancements in fresh water environment aquaculture via automation procedures for nutritional balance of aquatic products. Leading companies in the aquaculture market are embracing predictive solutions, real-time monitoring systems, and advanced sensors to maintain a competitive edge in this sustainability-driven, dynamic field, with technology at the forefront. The moderately fragmented nature of the aquaculture market will continue, with the presence of various companies - both major and small - that are constantly focusing on strengthening their distribution. Van Cleve Seafood Co. launched a new plant-based seafood category in Nov 2019 to complement traditional seafood and provide exquisite plant-based goods to consumers in the United States. ATLANTIC SEA FARMS announced the launch of new products in the United States in Apr 2019, including Sea-chi, seaweed kimchi, a fermented seaweed salad, and sea-beet kraut, to meet the country's desire for aquatic products.
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Rising Demand for Seafood Products Leads to Market Expansion
According to the National Oceanic and Atmospheric Administration, the main aquaculture regions are Asia-Pacific, South Asia, and Europe, that account for more than 70% of global aquaculture production. Aquaculture's major sector is fish, accounting for 66% of the market, followed by crustaceans and molluscs. Small-scale farming is being adopted by developing regions such as Asia Pacific, South America, and Africa due to rising need for aqua-products with high protein content. Furthermore, the governments of these countries are undertaking a variety of programmes to encourage aquafarming, as it is a significant source of employment in these regions. Owing to the rising demand for seafood products and decreased capture in ocean fishery landings, the marine culture segment is expected to be the fastest-growing segment in the market throughout the forecast period. The culture of marine fish in ocean cages has led to the creation of new and creative cages for cultivating them in near-shore and offshore habitats. Furthermore, technological advancements such as water recirculation systems, combined with a global increase in food demand, are presenting potential growth opportunities for the marine aquaculture system. Marine water aquaculture has various advantages, including a reduced carbon footprint, less need of fresh water for production, and many others. These factors will increase demand for marine aquatic environments, accelerating market expansion in the coming years.
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The report provides a detailed overview of the aquaculture market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for aquaculture market has been offered for all regional market share, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the aquaculture market. These Y-o-Y projections on regional and country-level markets brighten the political, economic and business environment outlook, which are anticipated to have a substantial impact on the growth of the aquaculture market. Some key country and region included in the aquaculture market report as follows:
| Regions | Countries |
|---|---|
| North America | United States, Canada |
| Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Central America Countries, Caribbean Countries, Rest of Latin America |
| Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Czech Republic, Rest of Europe |
| Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Philippines, Vietnam, Thailand, Bangladesh, Rest of Asia Pacific |
| Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Ethiopia, Algeria, Israel, Iran, Iraq, Kenya, Rest of MEA |
Aquaculture Market Research Report Covers In-depth Analysis on:
- Aquaculture market detailed segments and segment-wise market breakdown
- Aquaculture market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in aquaculture industry)
- Current, historical and forthcoming 10 years market valuation in terms of aquaculture market size (US$ Mn), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Aquaculture market demand analysis
- Aquaculture market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in aquaculture market
- Regulatory landscape by key regions and key countries
- Aquaculture market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on aquaculture market forecast by countries
- Mergers and acquisitions in aquaculture market
- Essential information to enhance market position
- Robust research methodology
- Frequently Asked Questions -
Which regions are leading in aquaculture production?
Asia Pacific dominates the aquaculture market, with China, India, and Vietnam being key contributors due to favorable climatic conditions and government support.
What are the primary drivers of the aquaculture market?
Key drivers include increasing seafood consumption, advancements in aquaculture technology, and the shift toward sustainable and eco-friendly farming methods.
How is technology influencing the aquaculture market?
Technological advancements, such as recirculating aquaculture systems (RAS) and automated feeding systems, are enhancing productivity and sustainability in the aquaculture market.
