Global Aquaculture Cages Market 2019-2023
About this market
Growing popularity of offshore aquaculture to drive growth in the market. Offshore aquaculture is a rapidly expanding aquaculture activity and plays a key role in the growth of the market. It enables increased seafood production to meet the growing demand. Fish such as finfish, shellfish. and prawns are commonly cultured through offshore aquaculture. Offshore aquaculture also offers a significant opportunity to produce fish at an industrial scale. Technavio’ s analysts have predicted that the aquaculture cages market will register a CAGR of almost 7% by 2023.
Rising consumer inclination toward nutrient-rich fish and fish products
The increasing consumption of fish and fish products due to their health benefits drives the demand for fish. Fish is a key source of animal protein. A high number of aquaculture products such as shrimp and salmon, which are highly nutritious and good sources of essential proteins, vitamins, and minerals, is obtained through cage aquaculture.
Potential challenges associated with cage aquaculture
Cage aquaculture is one of the most intensive forms of aquaculture. Some of the challenges in cage aquaculture include increased nutrient loss, early forms of stress in fish, and fish escape.
For the detailed list of factors that will drive and challenge the growth of the aquaculture cages market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Aqualine and Badinotti Group the competitive environment is quite intense. Factors such as the growing popularity of offshore aquaculture and the rising consumer inclination toward nutrient-rich fish and fish products, will provide considerable growth opportunities to aquaculture cages manufactures. AKVA group, Aqualine, Badinotti Group, Garware Technical Fibres, and Selstad are some of the major companies covered in this report.
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