Aquaculture Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

Description

Aquaculture Market size was valued at USD 246.70 billion in 2021 and is expected to reach USD 363.66 billion by 2028, at a CAGR of 5.7% during the forecast period 2022-2028.  The increase in the prevalence of aquaculture diseases. Aquaculture, often known as fish farming, is the practice of breeding, rearing, harvesting, and cultivating fish, shellfish, algae, and other aquatic creatures in a controlled environment. Coastal ocean waters, freshwater ponds, rivers, and on-land tanks are commonly used. This helps with food production, habitat restoration, endangered and threatened species populations, and aquarium construction. It also reduces waste by creating fish and shellfish feed, ensuring a healthy and natural breeding environment for the aquatic population, and maximizing the use of agricultural and natural resources. Aquaculture also includes ornamental fish production to serve commercial and leisure marine fisheries. Moreover, the rise in adoption of feed additives for aquaculture species, the launch of advanced products into the market, and the increase in the demand for seafood are the major factors that are driving the growth of the global aquaculture market over the forecast time frame. This report studies global aquaculture market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the global aquaculture 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 November 29, 2020,  Blue Ridge Aquaculture built new RAS nursery. The company in it’s 19th generation of genetics program uing non-GMO husbandary techniques to improved strain of fish. The nursery was designed to create ideal condition for raising tilapia. BRA is able to raise tilapia without he use of antibiotics & hormones.

On January 19, 2022, Wanchese Fish Company, a division of Cooke Seafood USA, is launching its newest shrimp trawler, F/V Destiny for operations in southern Argentine waters for the 2022 season.