Press release
Aquaculture Market Size, Share, Trends, Report, Demand, Forecast 2023-2028
Aquaculture Market Outlook:
According to a new report by Expert Market Research, the global aquaculture market is expected to grow at a CAGR of 4.6% from 2023 to 2028. The Asia Pacific region dominates the global aquaculture market, accounting for over 90% of global production. China is the largest producer of farmed fish, accounting for more than 60% of global production. Other key producers of farmed fish include India, Indonesia, Vietnam, and Bangladesh.
Aquaculture refers to the farming of aquatic organisms such as fish, shellfish, and aquatic plants in controlled environments. The global aquaculture market has been growing rapidly in recent years, driven by increasing demand for seafood, the depletion of wild fish stocks, and the need to provide a sustainable source of protein for a growing global population.
Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/aquaculture-market/requestsample
Market Share:
The aquaculture market is highly fragmented, with the presence of several established players and emerging players. Some of the key players in the market include Cermaq Group AS, Cooke Aquaculture Inc., Dongwon Industries Co. Ltd., Marine Harvest ASA, and Thai Union Group Public Company Limited. These companies are focused on expanding their production capacity, developing new aquaculture technologies, and expanding their product offerings to strengthen their market position.
Price Trends:
The price of farmed fish is influenced by several factors, including feed costs, production costs, and market demand. The cost of feed is one of the major cost components in fish farming, accounting for around 50% of total production costs. The price of fish feed is influenced by the price of raw materials such as fishmeal and fish oil, which are used in the production of fish feed. Moreover, the price of fish is also influenced by market demand, which can vary depending on factors such as consumer preferences, seasonality, and global economic conditions.
Read Full Report with Table of Contents - https://www.expertmarketresearch.com/reports/aquaculture-market
Market Trends:
One of the major trends observed in the aquaculture market is the increasing focus on sustainability. Sustainable aquaculture practices involve minimizing the environmental impact of fish farming, reducing the use of antibiotics and chemicals, and ensuring the welfare of the farmed fish. Sustainable aquaculture practices are becoming increasingly important due to growing consumer demand for environmentally friendly and ethically produced seafood. Moreover, sustainable aquaculture practices are also important for ensuring the long-term viability of the aquaculture industry.
Another trend observed in the market is the increasing use of technology in fish farming. Technologies such as recirculating aquaculture systems (RAS), automated feeding systems, and genetic improvement technologies are being used to improve the efficiency and sustainability of fish farming. RAS systems, for example, enable the recycling of water and the efficient use of resources, while genetic improvement technologies enable the breeding of fish with desirable traits such as disease resistance and fast growth.
Market Analysis:
The aquaculture market is expected to continue its growth trajectory due to increasing demand for seafood, the depletion of wild fish stocks, and the need to provide a sustainable source of protein for a growing global population. The market is also expected to witness significant growth in the Asia Pacific region, owing to the dominance of the region in global aquaculture production. Moreover, the increasing use of technology and sustainable aquaculture practices is expected to drive market growth in the coming years.
However, the aquaculture industry faces several challenges, including the risk of disease outbreaks, environmental concerns, and the availability and cost of fish feed. Moreover, the aquaculture industry is also subject to regulatory challenges, with different countries having different regulations and standards for aquaculture production. Regulatory compliance can add to the production costs and create barriers to entry for new players.
The aquaculture industry also faces competition from wild-caught fish, which remains a popular source of seafood. However, wild fish stocks are being depleted due to overfishing, making farmed fish an increasingly important source of seafood.
The COVID-19 pandemic has also had an impact on the aquaculture market, with disruptions to global supply chains and reduced demand for seafood in some regions. However, the pandemic has also highlighted the importance of food security and the need for sustainable food production systems, which could drive long-term growth in the aquaculture industry.
Market Forecast:
The global aquaculture market is expected to continue its growth trajectory, driven by increasing demand for seafood, the need for sustainable protein sources, and the increasing adoption of technology and sustainable aquaculture practices. The market is expected to witness significant growth in the Asia Pacific region, particularly in countries such as China, India, and Indonesia, which are major producers of farmed fish.
Moreover, the increasing popularity of seafood and the depletion of wild fish stocks are expected to drive demand for farmed fish, particularly in developed regions such as North America and Europe. The market is also expected to witness increasing consolidation, with established players acquiring smaller players to strengthen their market position.
FAQs:
Q: What is driving the growth of the aquaculture market?
A: The growth of the aquaculture market is driven by increasing demand for seafood, the need for sustainable protein sources, and the adoption of technology and sustainable aquaculture practices.
Q: Which regions are expected to experience the highest growth in the aquaculture market?
A: The Asia Pacific region is expected to experience the highest growth in the aquaculture market, particularly in countries such as China, India, and Indonesia, which are major producers of farmed fish.
Q: What are some of the major challenges facing the aquaculture industry?
A: Some of the major challenges facing the aquaculture industry include disease outbreaks, environmental concerns, and regulatory compliance.
Q: How is technology being used in the aquaculture industry?
A: Technology is being used in the aquaculture industry in a variety of ways, including monitoring water quality, improving feed efficiency, and increasing automation.
Q: What are some of the most commonly farmed fish species in the aquaculture industry?
A: Some of the most commonly farmed fish species in the aquaculture industry include salmon, tilapia, carp, catfish, and shrimp.
Q: How does the aquaculture industry impact the environment?
A: The aquaculture industry can have both positive and negative impacts on the environment, depending on the practices used. Sustainable aquaculture practices can minimize environmental impact, while unsustainable practices can lead to pollution, habitat destruction, and other environmental issues.
Q: How does the aquaculture industry compare to wild-caught fishing in terms of sustainability?
A: The aquaculture industry can be a more sustainable alternative to wild-caught fishing, as it can reduce pressure on wild fish stocks and minimize bycatch and other environmental impacts associated with fishing.
Q: What role does the aquaculture industry play in global food security?
A: The aquaculture industry plays an increasingly important role in global food security, as it provides a source of protein that is sustainable, efficient, and less reliant on wild fish stocks.
Q: What is the outlook for the aquaculture industry in the coming years?
A: The aquaculture industry is expected to continue its growth trajectory in the coming years, driven by increasing demand for seafood and the need for sustainable protein sources. The industry will also continue to face challenges related to disease outbreaks, environmental concerns, and regulatory compliance.
Related Reports:
Dimethyl Ether Market: https://www.marketsize.us/2023/05/11/dimethyl-ether-market-size-trends-share/
Medical Robots Market: https://www.marketsize.us/2023/05/11/medical-robots-market-size-trends-share/
Travel Insurance Market: https://www.marketsize.us/2023/05/11/travel-insurance-market-size-share/
Cloth Diaper Market: https://www.marketsize.us/2023/05/12/cloth-diaper-market-size-share/
Computational Biology Market: https://www.marketsize.us/2023/05/12/computational-biology-market-size-share/
Media Contact:
Company Name: Claight Corporation
Contact Person: Edward Dugger, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
LinkedIn:- https://www.linkedin.com/company/expert-market-research
About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
According to a new report by Expert Market Research, the global aquaculture market is expected to grow at a CAGR of 4.6% from 2023 to 2028. The Asia Pacific region dominates the global aquaculture market, accounting for over 90% of global production. China is the largest producer of farmed fish, accounting for more than 60% of global production. Other key producers of farmed fish include India, Indonesia, Vietnam, and Bangladesh.
Aquaculture refers to the farming of aquatic organisms such as fish, shellfish, and aquatic plants in controlled environments. The global aquaculture market has been growing rapidly in recent years, driven by increasing demand for seafood, the depletion of wild fish stocks, and the need to provide a sustainable source of protein for a growing global population.
Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/aquaculture-market/requestsample
Market Share:
The aquaculture market is highly fragmented, with the presence of several established players and emerging players. Some of the key players in the market include Cermaq Group AS, Cooke Aquaculture Inc., Dongwon Industries Co. Ltd., Marine Harvest ASA, and Thai Union Group Public Company Limited. These companies are focused on expanding their production capacity, developing new aquaculture technologies, and expanding their product offerings to strengthen their market position.
Price Trends:
The price of farmed fish is influenced by several factors, including feed costs, production costs, and market demand. The cost of feed is one of the major cost components in fish farming, accounting for around 50% of total production costs. The price of fish feed is influenced by the price of raw materials such as fishmeal and fish oil, which are used in the production of fish feed. Moreover, the price of fish is also influenced by market demand, which can vary depending on factors such as consumer preferences, seasonality, and global economic conditions.
Read Full Report with Table of Contents - https://www.expertmarketresearch.com/reports/aquaculture-market
Market Trends:
One of the major trends observed in the aquaculture market is the increasing focus on sustainability. Sustainable aquaculture practices involve minimizing the environmental impact of fish farming, reducing the use of antibiotics and chemicals, and ensuring the welfare of the farmed fish. Sustainable aquaculture practices are becoming increasingly important due to growing consumer demand for environmentally friendly and ethically produced seafood. Moreover, sustainable aquaculture practices are also important for ensuring the long-term viability of the aquaculture industry.
Another trend observed in the market is the increasing use of technology in fish farming. Technologies such as recirculating aquaculture systems (RAS), automated feeding systems, and genetic improvement technologies are being used to improve the efficiency and sustainability of fish farming. RAS systems, for example, enable the recycling of water and the efficient use of resources, while genetic improvement technologies enable the breeding of fish with desirable traits such as disease resistance and fast growth.
Market Analysis:
The aquaculture market is expected to continue its growth trajectory due to increasing demand for seafood, the depletion of wild fish stocks, and the need to provide a sustainable source of protein for a growing global population. The market is also expected to witness significant growth in the Asia Pacific region, owing to the dominance of the region in global aquaculture production. Moreover, the increasing use of technology and sustainable aquaculture practices is expected to drive market growth in the coming years.
However, the aquaculture industry faces several challenges, including the risk of disease outbreaks, environmental concerns, and the availability and cost of fish feed. Moreover, the aquaculture industry is also subject to regulatory challenges, with different countries having different regulations and standards for aquaculture production. Regulatory compliance can add to the production costs and create barriers to entry for new players.
The aquaculture industry also faces competition from wild-caught fish, which remains a popular source of seafood. However, wild fish stocks are being depleted due to overfishing, making farmed fish an increasingly important source of seafood.
The COVID-19 pandemic has also had an impact on the aquaculture market, with disruptions to global supply chains and reduced demand for seafood in some regions. However, the pandemic has also highlighted the importance of food security and the need for sustainable food production systems, which could drive long-term growth in the aquaculture industry.
Market Forecast:
The global aquaculture market is expected to continue its growth trajectory, driven by increasing demand for seafood, the need for sustainable protein sources, and the increasing adoption of technology and sustainable aquaculture practices. The market is expected to witness significant growth in the Asia Pacific region, particularly in countries such as China, India, and Indonesia, which are major producers of farmed fish.
Moreover, the increasing popularity of seafood and the depletion of wild fish stocks are expected to drive demand for farmed fish, particularly in developed regions such as North America and Europe. The market is also expected to witness increasing consolidation, with established players acquiring smaller players to strengthen their market position.
FAQs:
Q: What is driving the growth of the aquaculture market?
A: The growth of the aquaculture market is driven by increasing demand for seafood, the need for sustainable protein sources, and the adoption of technology and sustainable aquaculture practices.
Q: Which regions are expected to experience the highest growth in the aquaculture market?
A: The Asia Pacific region is expected to experience the highest growth in the aquaculture market, particularly in countries such as China, India, and Indonesia, which are major producers of farmed fish.
Q: What are some of the major challenges facing the aquaculture industry?
A: Some of the major challenges facing the aquaculture industry include disease outbreaks, environmental concerns, and regulatory compliance.
Q: How is technology being used in the aquaculture industry?
A: Technology is being used in the aquaculture industry in a variety of ways, including monitoring water quality, improving feed efficiency, and increasing automation.
Q: What are some of the most commonly farmed fish species in the aquaculture industry?
A: Some of the most commonly farmed fish species in the aquaculture industry include salmon, tilapia, carp, catfish, and shrimp.
Q: How does the aquaculture industry impact the environment?
A: The aquaculture industry can have both positive and negative impacts on the environment, depending on the practices used. Sustainable aquaculture practices can minimize environmental impact, while unsustainable practices can lead to pollution, habitat destruction, and other environmental issues.
Q: How does the aquaculture industry compare to wild-caught fishing in terms of sustainability?
A: The aquaculture industry can be a more sustainable alternative to wild-caught fishing, as it can reduce pressure on wild fish stocks and minimize bycatch and other environmental impacts associated with fishing.
Q: What role does the aquaculture industry play in global food security?
A: The aquaculture industry plays an increasingly important role in global food security, as it provides a source of protein that is sustainable, efficient, and less reliant on wild fish stocks.
Q: What is the outlook for the aquaculture industry in the coming years?
A: The aquaculture industry is expected to continue its growth trajectory in the coming years, driven by increasing demand for seafood and the need for sustainable protein sources. The industry will also continue to face challenges related to disease outbreaks, environmental concerns, and regulatory compliance.
Related Reports:
Dimethyl Ether Market: https://www.marketsize.us/2023/05/11/dimethyl-ether-market-size-trends-share/
Medical Robots Market: https://www.marketsize.us/2023/05/11/medical-robots-market-size-trends-share/
Travel Insurance Market: https://www.marketsize.us/2023/05/11/travel-insurance-market-size-share/
Cloth Diaper Market: https://www.marketsize.us/2023/05/12/cloth-diaper-market-size-share/
Computational Biology Market: https://www.marketsize.us/2023/05/12/computational-biology-market-size-share/
Media Contact:
Company Name: Claight Corporation
Contact Person: Edward Dugger, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
LinkedIn:- https://www.linkedin.com/company/expert-market-research
About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
