According to SPER Market Research, the Global Aquaculture Market is predicted to climb as people become more aware of the health advantages of eating fish, fuelling the market growth in the coming years. Key minerals and vitamins include omega-3 fatty acids, which are rich in fish and provide several health advantages such as lowering the risk of heart attacks, avoiding depression, preventing asthma in children, and increasing brain function, among others.
These factors are expected to drive consumer demand for aquatic animal-derived goods, fuelling market development throughout the forecast period. Because of the low-fat content of aquatic animals and the ongoing decline in cattle demand, these factors are also having a big influence on aqua farming, which will drive the market’s development in the upcoming years.
Aquaculture Market Overview (2022-2030)
- Forecast CAGR (2022-2030): 4.8%
- Forecast Market Size (2030): USD 407.80 Billion
Impact of COVID-19 on the Global Aquaculture Market:
Despite numerous containment efforts, the COVID-19 global pandemic remained widespread in the world in 2020. With the notable exception of China, the world’s major economies saw their caseloads rise as the year progressed, slowing growth and causing several delays in the anticipated reopening of businesses. This has increased the fish industry’s already high level of market uncertainty globally and the operational difficulties caused by the limitations, driving down prices and revenues.
To capitalize on their changing circumstances, businesses are focusing their efforts on developing new products, marketing strategies, and sales channels, which are driving innovation throughout the supply chain.
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Global Aquaculture Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
- Aquatic Plants
- Aquatic Animals
- Fresh Water
- Brackish Water
- Marine Water
By Fish Type,
- Sea Bream
- Carps, Mollusks
By Rearing Product,
- Supermarkets and Hypermarkets
- Traditional Retail
- Specialized Retailers
- Online Stores
- North America
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Global Aquaculture Market Key Players:
Global Aquaculture Market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; Aquaculture Equipment Ltd., Bakkafrost, FREA Solutions, Grupo Farallon Aquaculture, Leroy Seafood, Luxsol, Mowi ASA, Multi export Foods SA, Nireus Aquaculture S.A, Norway Royal Salmon ASA, SalMar ASA, Salmon ASA, Surapon Foods Public Company Limited, Selonda Aquaculture S.A.
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SPER Market Research
Smith Williams, Business Consultant – USA