Aquaculture is a technique of farming aquatic species such as fish, crustaceans, and other flora and fauna species. On the basis of culture environment aquaculture market is primarily classified into inland water, brackish water, and marine water. The process of aquaculture involves regular stocking, feeding, and protection from predators.

The global aquaculture market is estimated to be valued at US$ 210,790.00 million in 2021 and is expected to exhibit a CAGR of 6.6% over the forecast period (2021-2028).

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Market Dynamics:

Increasing number of hatcheries is expected to propel growth of the global aquaculture market over the forecast period. For instance, in March 2021, Kelly Cove Salmon Ltd., the Atlantic Canadian salmon farming division of Cooke Aquaculture Inc., received approval from the Nova Scotia Department of Fisheries and Aquaculture for the development of a new land-based salmon hatchery near Centreville on Digby Neck.

Major players operating in the global aquaculture market are focused on adopting partnership strategies to enhance their market share. For instance, in August 2021, Cermaq partnered with Folla Alger for integrated salmon and kelp farming in collaboration with leading research environments in Norway.

Detailed Segmentation:

Global Carbon Black Market for Textile Fibers Market, By Fish Type:

Carps

Mollusks

Crustaceans

Salmon

Milkfish

Trout

Mackerels


Global Carbon Black Market for Textile Fibers Market, By Environment:

Fresh Water

Marine Water

Brackish Water

Major Keyplayers: Blue Ridge Aquaculture, Cermaq ASA, Cooke Aquaculture Inc., Eastern Fish Co., Huon Aquaculture Group Pty Ltd., International Fish Farming Co. – Asmak, Marine Harvest ASA, Nireus Aquaculture S.A., Promarisco, and Selonda Aqauculture S.A.

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