Aquaculture Market Size, Share, and Analysis, By Environment (Marine Water, Fresh Water, Brackish Water), By Type (Finfish, Crustaceans, Mollusks, Others), By Production Type (Small Scale, Medium & Large Scale), By End User ( Seafood Industry, Pharmaceuti

Aquaculture Market Size, Share, and Analysis, By Environment (Marine Water, Fresh Water, Brackish Water), By Type (Finfish, Crustaceans, Mollusks, Others), By Production Type (Small Scale, Medium & Large Scale), By End User ( Seafood Industry, Pharmaceuticals and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

The Aquaculture Market, valued at USD 270 billion in 2023, is expected to grow significantly, reaching USD 459.4 billion by 2034. This growth reflects a Compound Annual Growth Rate (CAGR) of 4.9% over the forecast period from 2024 to 2034.

Aquaculture, or aquafarming, includes the controlled cultivation of aquatic organisms like fish, crustaceans, mollusks, and aquatic plants. This practice aims to fulfill the increasing demand for seafood, which is driven by population growth and health-conscious consumers. Contrary to conventional fishing, aquaculture can provide a consistent supply of aquatic products while reducing strain on wild fish populations and promoting environmental sustainability. It includes a range of habitats such as freshwater, marine, and brackish environments. Important tasks involve the breeding, raising, and obtaining of species in ponds, tanks, and ocean cages. Technological progress has boosted efficiency, highlighting the importance of aquaculture in ensuring global food stability.

MARKET HIGHLIGHTS

Aquaculture Market is expected to reach USD 459.4 billion, with a 4.9% CAGR growth, driven by increasing global seafood demand due to population growth and rising health awareness. Technological advancements have enhanced productivity and environmental sustainability, making aquaculture more feasible and profitable. Government support through favorable policies and subsidies further strengthens the sector. Aquaculture also addresses the issue of overfishing by providing a reliable alternative to declining wild fish populations. Future growth is expected to be driven by innovations in breeding methods, disease management, and feed quality. The industry's focus on sustainable practices aligns with global environmental goals, ensuring aquaculture's vital role in meeting global seafood demand while protecting marine ecosystems.

Aquaculture Market Segments:

• By Environment
• Marine Water
• Fresh Water
• Brackish Water
• By Type
• Finfish
• Crustaceans
• Mollusks
• Others
• By Production Type
• Small Scale
• Medium & Large Scale
• By End User
• Seafood Industry
• Pharmaceuticals
• Others

MARKET DYNAMICS

Growth Drivers

Increasing Demand for Seafood Globally to Drive Market Growth

Sustainability Concerns to Maintain Ecological Balance to Provide Market Growth Opportunities

Restraint

Disease and Parasite Management Can Create Challenges for Aquaculture Market

Key Players

• Mowi ASA
• Cermaq Group AS
• Thai Union Group PCL
• Nippon Suisan Kaisha, Ltd. (NISSUI)
• Maruha Nichiro Corporation
• Cooke Aquaculture Inc.
• Charoen Pokphand Foods PCL
• Bakkafrost
• Tassal Group Limited
• Leroy Seafood Group ASA
• Grieg Seafood ASA
• Huon Aquaculture Group Limited
• Stolt-Nielsen Limited
• Benchmark Holdings plc
• Blue Ridge Aquaculture, Inc.
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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