Aquaculture is the cultivation of freshwater aquatic organisms for food and other purposes. This rapidly growing field is focused on harvesting fish in water systems.  Aquaculture has been able to meet the needs of a less than adequately served market, with less harmful waste being released into the environment as the water is delivered directly to the operations and transported to the fish where it is used. Aquaculture is one of the few animal products that has consistently shown consistent growth despite the global recession, with fish production consistently exceeding demand.

Market Dynamics

The increasing number of hatcheries is expected to boost the global aquaculture market growth over the forecast period. For instance, in March 2021, Kelly Cove Salmon Ltd., the Atlantic Canada-based salmon farming division of Cooke Aquaculture Inc., received approval from Nova Scotia Department of Fisheries and Aquaculture for the development of a new land-based salmon hatchery near Centreville on Digby Neck.

The major players operating in the global aquaculture market are focused on adopting partnership strategies to enhance their market share. For instance, in August 2021, Cermaq partnered with Folla Alger for integrated salmon and kelp farming in collaboration with leading research environments in Norway.

Key features of the study:

• This report provides an in-depth analysis of the global aquaculture market, and provides market size (US$ Billion and KT) and Compound Annual Growth Rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global aquaculture market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
• The key companies covered as a part of this study include Blue Ridge Aquaculture, Cermaq ASA, Cooke Aquaculture Inc., Eastern Fish Co., Huon Aquaculture Group Pty Ltd., International Fish Farming Co., Asmak, Marine Harvest ASA, Nireus Aquaculture S.A., Promarisco, and Selonda Aqauculture S.A.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global aquaculture market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global aquaculture market

Detailed Segmentation:

•  Global Aquaculture Market, By Fish Type:
  • Carps
  • Mollusks
  • Crustaceans
  • Salmon
  • Milkfish
  • Trout
  • Mackerels
  • Sea bream
  • Sea bass
  • Others
•  Global Aquaculture Market, By Environment:
  • Fresh Water
  • Marine Water
  • Brackish Water
•  Global Aquaculture Market, By Region:
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
    
• Company Profiles
  • Blue Ridge Aquaculture
  • Cermaq ASA
  • Cooke Aquaculture Inc.
  • Eastern Fish Co.
  • Huon Aquaculture Group Pty Ltd.
  • International Fish Farming Co.
  • Asmak
  • Marine Harvest ASA
  • Nireus Aquaculture S.A.
  • Promarisco
  • Selonda Aqauculture S.A