Market size – USD 34.40 billion in 2020, market growth – at a CAGR of 6.5%, market trends – increase in seafood consumption and increase in disposable income
NEW YORK CITY, NEW YORK, USA, July 20, 2022 /EINPresswire.com/ — The aquaculture market size is expected to reach USD 57.82 billion in 2028 and register a CAGR of 6.5% over the period forecast, according to the latest report by Reports and Data. The continuous technological advancements in the fish farming sector and the increasing attention paid to food safety by the major players are key factors driving the market revenue growth. There are approximately 580 species currently cultivated in aquaculture worldwide by farmers in developing countries and by multinational corporations who may retain ownership of cultivated stock. Eating fish is part of the cultural traditions of a large population and it has excellent nutritional value as a good source of protein, fatty acids, vitamins, minerals and essential micronutrients.
The growth in global aquaculture market revenue can be attributed to changing dietary preferences globally. The expansion of the organized retail industry and the availability of products through various sales channels makes it easy for consumers to purchase packaged aquaculture products, which is expected to continue driving the market revenue growth . Currently, aquaculture is necessary to meet the demand and supply of seafood products. The industry provides high quality, disease-free fish by raising them in a hygienic environment. Aquaculture activities are also used to conserve endangered species, which is another driver of market revenue growth.
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Key Profiles in Aquaculture Market Report:
• JBS SA
• Smithfield Foods
• Triumph Foods
• Danish Crown
• Tyson Foods
• Cooke Aquaculture
• Cooke Aquaculture
Market segmentation :
Environmental Outlook (Revenue, USD Billion; 2018-2028)
• Brackish water
• Sea water
• Fresh water
Fish Type Outlook (Revenue, USD Billion; 2018-2028)
• Sea bream
• Sea bass
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Key points of the Aquaculture market report:
• A comprehensive overview of the global aquaculture industry.
• Accurate market projections in terms of market size, share and volume.
• In-depth study of global market dynamics such as key market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
• In-depth analysis of upcoming market trends.
• Qualitative and quantitative analyzes of the Aquaculture market.
• In-depth study of the main regional markets of the aquaculture market.
• Complete overview of the competitive landscape of the market.
• Brief overview of company profiles and portfolios.
Key Regional Markets Covered in the Report:
• North America
o United States
o United Kingdom
o Rest of Europe
• Asia Pacific
o South Korea
o Rest of Asia-Pacific
• Latin America
o Rest of Latin America
• Middle East and Africa
o Saudi Arabia
o Rest of the Middle East and Africa
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