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Aquaculture Market Trends

  • Report ID: GMI11350
  • Published Date: Sep 2024
  • Report Format: PDF

Aquaculture Market Trends

The aquaculture industry is increasingly adopting sustainable methods to lessen its environmental impact. This includes minimizing the use of antibiotics and chemicals, enhancing resource efficiency, and safeguarding local ecosystems. Techniques such as integrated multi-trophic aquaculture (IMTA) and recirculating aquaculture systems (RAS) are employed to boost efficiency and cut waste. These practices are designed to balance production needs with environmental protection, ensuring the sector's long-term viability. Aquaculture is expanding beyond traditional fish like salmon and tilapia to include more types of aquatic organisms. This now includes farming shellfish like oysters and mussels, seaweed, and new species like shrimp and sea cucumbers. Diversifying helps meet the rising demand for seafood, reduces reliance on a few species, and improves ecosystem health by using different species' roles in aquaculture systems.
 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

Global industry size for aquaculture was valued at USD 244 billion in 2023 and is anticipated to register 4.5% CAGR between 2024 and 2032 due to the rising demand for seafood products.

The fish segment in the aquaculture industry is expected to reach USD 211.3 billion by 2032 primarily due to its nutritional benefits and diverse culinary applications.

Asia Pacific market is expected to reach USD 216 billion by 2032 due to its plenty of natural water bodies and region's growing population.

Cermaq Group AS, Charoen Pokphand Foods PCL, Cooke Aquaculture Inc., Empresas AquaChile S.A., Grieg Seafood ASA, Huon Aquaculture Group Limited, Lerøy Seafood Group ASA, and Mitsubishi Corporation, among others.

Aquaculture Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 232
  • Countries covered: 17
  • Pages: 161
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