The global aquaculture market accounted for US$ 264,470.0 Mn in 2018 and is expected to grow at a CAGR of 7.7% during the forecast period 2019 – 2027, to account to US$ 509,743.0 Mn by 2027

Recirculating Aquaculture Systems (RAS) is a technique that reuses the water several times that passes the water through treatment processes to eliminate waste and restore the quality of water. It is a technology that is used for the farming of fishes and other aquatic species by reusing the water for production. The technology is based on the usage of biological and mechanical filters. The advantages such as the control over the pH and carbon dioxide degassing have proven to be beneficial for the growth of the fishes. Thus, the aforementioned benefits associated with the adoption of RAS technology in fish production is driving the global aquaculture market.

The high growth in demand for fish oil is generating a need for more fish production, thus, boosting the demand for aquaculture in the near future. Fish oil is largely used as a dietary supplement, healthcare, pharmaceutical, and food industry. It is an efficient source of vitamin A and D and is considered the most significant source for human consumption after wild fish. Currently, fish oil accounts for the small percentages of total edible oil production. However, it is expected to increase in the coming years owing to its health benefits.

Top Key players:- Bakkafrost, Blue Ridge Aquaculture, Inc., Cermaq Group AS, Cooke Aquaculture Inc, Danish Salmon A/S, Farallon Aquaculture Group, FIFAX AB, HESY Aquaculture B.V, Lerøy, Mowi ASA, NIRI AS, Selonda Aquaculture SA, Stolt-Nielsen Limited, TASSAL, Thai Union Group PCL

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Key Questions Answered in Report:

  1. What are factor which lead this market to next level?
  2. What will the market Demand and what will be Growth?
  3. What are the opportunities to Advanced Analytics market in future?
  4. What are the strengths of the key players?
  5. What are the key of Advanced Analytics market?

On the basis of species, the global aquaculture market has been segmented into aquatic plants, fish, crustaceans, molluscs, and others. Under the species segment, the fish market led the global aquaculture market. Moreover, the aquatic plant’s segment is anticipated to register the fastest CAGR over the projected period. Aquatic plants are used as food and raw materials for building materials, industrial processes, and manure in agriculture. These plants absorb minerals and enrich the water with oxygen produced during photosynthesis.

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The Asia Pacific region held the largest market share in the global aquaculture market. The production and consumption rate of seafood is expanding rapidly with China and India being the major markets for the aquaculture industry. The Asia Pacific has evolved as the largest consumers and exporter of aquaculture products. Fisheries and aquaculture production highly contributor to national economies across the Asia-Pacific region over the past few years. The Asia Pacific market is characterized by the presence of players such as Bakkafrost, Cermaq Group AS, Farallon Aquaculture Group, Lerøy, Mowi ASA, Stolt-Nielsen Limited, and Tassal Group, among others.

Table of Contents:

  1. Introduction
  2. Key Takeaways
  3. Research Methodology
  4. Aquaculture Market Landscape
  5. Aquaculture Market – Key Market Dynamics
  6. Aquaculture Market – Global Market Analysis
  7. Aquaculture Market – Revenue and Forecasts to 2027 – Product Type
  8. Aquaculture Market – Revenue and Forecasts to 2027 – Application
  9. Aquaculture Market – Revenue and Forecasts to 2027 – Compound
  10. Aquaculture Market Revenue and Forecasts to 2027 – Geographical Analysis
  11. Industry Landscape
  12. Aquaculture Market, Key Company Profiles
  13. Appendix

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Posted by on Wednesday November 13 2019, 4:59 PM EST. All trademarks acknowledged. Filed under Featured Press Release. Comments and Trackbacks closed. Follow responses: RSS 2.0

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