Aquaculture Genomics, Genetics, and Breeding Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis (2016 – 2021) and Forecast (2022 – 2028)

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Global Aquaculture Genomics, Genetics, and Breeding Market: By Service Type (Genomics, Genetics and Breeding), By Species Type (Salmon, Tilapia, Trout, Shrimp, and Others), and Geography

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Report

Description

Aquaculture Genomics Genetics And Breeding Market size was valued at USD 410.2 million in 2021 and growing at a CAGR of x% during the forecast period 2022-2028.  owing to advances in sequencing technologies, reduction in cost of genome sequencing coupled with rising global population and increasing demand for seafood coupled with the extinct of salmon and other aquaculture species drives the growth of the market. Moreover, growing demand for protein rich seafood and increasing consumption of per capita income of seafood plays significant role in the growth of the aquaculture genomics, genetics, and breeding market. However, challenges such as FDA approval for genetically engineered salmon hinders the growth of the market. The market is surging owing to expansion through strategic acquisitions and definitive agreements to strengthen their position in the market. For instance, in 2016, Benchmark Holdings plc has expanded its breeding and genetics offering through the acquisition of a South American shrimp breeding programme. Hawaii shrimp breed companies are the major exporters that worth more than 50% of the farmed shrimp production. The report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities).

 

Key Development:

On April 20, 2022, Aquabounty, land based salmon farm with groundbreaking ceremony to construction of 10,000 metric ton state-of-art, highly productive facility in pioneer, Ohio.

On June 01, 2021, AquaBounty Technologies, Inc., announced the successful completion of the first commercial scale harvest of its genetically engineered (GE) Atlantic salmon at the Albany, Indiana Farm; the regulatory approval of the Company’s GE Atlantic salmon by Brazil’s National Biosafety Technical Commission (CTNBio); and the addition of Gail Sharps Myers to AquaBounty’s Board of Directors.

Aquaculture Genomics, Genetics, And Breeding Market

MARKET SUMMARY
-
x%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– x%
  • Largest Market– North-America
  • Fastest Growing Market– Europe

Aquaculture Genomics, Genetics And Breeding Market

  • The global aquaculture genomics, genetics, and breeding market report gives comprehensive outlook on aquaculture genomics, genetics, and breeding across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
  • The report on global aquaculture genomics, genetics, and breeding market gives historical, current, and future market sizes (US$ Mn) on the basis of service type, species type, and region.
  • Key stakeholders of the market include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global aquaculture genomics, genetics, and breeding products.
Key Players

 

  • AquaBounty Technologies, Inc.
  • AquaGen
  • GeneAqua
  • Aquimer
  • Nofima
Aquaculture Genomics, Genetics, And Breeding Market

DRIVERS AND RESTRAINTS

Based on service type, Genetics and breeding segment has the highest market share in the market owing to rising global demand for seafood and growing global population coupled with the extinct of the various aquaculture species. Moreover, Reduction of cost for genome sequencing and advances in genome sequencing technologies are expected to fuel the growth of the market over the forecast period.


Europe Got Significant Share

Aquaculture Genomics, Genetics, And Breeding Market

Europe accounted for larger revenue share in the global market with significant CAGR owing presence of more number of market players in the Norway region and advancements in genomic sequencing and genetics and breeding in the region. Chile aquaculture genomics, genetics and breeding market is expected to grow with a significant CAGR over the forecast period owing to entry of new market players in the region by strategic acquisitions and collaborations with the local players to strengthen their position and diverse their breeding and genetics division in Chile. For instance, in 2018, Benchmark and Aqua Chile announced that both the companies had a deal to form joint venture (JV) to combine the leading edge technology in salmon genetics and genomics.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Findings of the Report

  • Global aquaculture genomics, genetics, and breeding market expanding at significant CAGR over 2022 to 2028 owing to rising advances in sequencing technologies and genomics.
  • Based on service type, genetics and breeding segment of aquaculture genomics, genetics, and breeding accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
  • Players focusing on launch of newer products and collaboration strategies to retain market position in global aquaculture genomics, genetics, and breeding market

Key

Features of the Report

Aquaculture Genomics, Genetics, And Breeding Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Company Profile

  • Hendrix Genetics
  • AquaBounty Technologies, Inc.
  • AquaGen
  • GeneAqua
  • Benchmark Genetics, (A Benchmark Holdings Plc. Company)
  • Aquimer
  • Nofima
  • 4C’s Breeding Technologies Inc.

Description

Aquaculture Genomics Genetics And Breeding Market size was valued at USD 410.2 million in 2021 and growing at a CAGR of x% during the forecast period 2022-2028.  owing to advances in sequencing technologies, reduction in cost of genome sequencing coupled with rising global population and increasing demand for seafood coupled with the extinct of salmon and other aquaculture species drives the growth of the market. Moreover, growing demand for protein rich seafood and increasing consumption of per capita income of seafood plays significant role in the growth of the aquaculture genomics, genetics, and breeding market. However, challenges such as FDA approval for genetically engineered salmon hinders the growth of the market. The market is surging owing to expansion through strategic acquisitions and definitive agreements to strengthen their position in the market. For instance, in 2016, Benchmark Holdings plc has expanded its breeding and genetics offering through the acquisition of a South American shrimp breeding programme. Hawaii shrimp breed companies are the major exporters that worth more than 50% of the farmed shrimp production. The report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities).

 

Key Development:

On April 20, 2022, Aquabounty, land based salmon farm with groundbreaking ceremony to construction of 10,000 metric ton state-of-art, highly productive facility in pioneer, Ohio.

On June 01, 2021, AquaBounty Technologies, Inc., announced the successful completion of the first commercial scale harvest of its genetically engineered (GE) Atlantic salmon at the Albany, Indiana Farm; the regulatory approval of the Company’s GE Atlantic salmon by Brazil’s National Biosafety Technical Commission (CTNBio); and the addition of Gail Sharps Myers to AquaBounty’s Board of Directors.

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