AQUACULTURE MARKET ANALYSIS

Aquaculture MarketSize and Trends

 The global aquaculture market was valued at US$ 221.62 Bn in 2022, exhibiting a CAGR of 7.2% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 386.66 Bn by 2030.

 Global Aquaculture Market - Trends

The rising disposable income of consumers

The rising disposable income of consumers is encouraging them to spend on highly nutritional value content food products such as fish. Furthermore, the increasing health and wellness trend coupled with the changing lifestyle of consumers is again projected to foster the global aquaculture market growth. Also, a growing number of shrimp farming sites across China is again projected to augment the market growth. In April 2022, Cflow AS participated in the Nor-Shipping from the 4th to the 7th of April. Nor-Shipping is at the center of the oceans. This is where the maritime and ocean industries meet every two years – a natural hub for key decision-makers from across the world to connect, collaborate and do deals to unlock new business opportunities

 Global Aquaculture Market - Regional Insights

China held the dominant position in the global aquaculture market in 2022, accounting for 40% share in terms of value, followed by Rest of the Asia Pacific and Europe, respectively . The rising demand for the latest aquaculture products coupled with available land for aqua farming are boosting the market growth.