5 Major Aquaculture Market Revenue, Region & Country Share, Trends, Growth Analysis Till 2025

Posted December 19, 2022 by Shubham_1510

The global 5 major aquaculture market accounted for $62.5 billion in 2018 and is projected to reach $87.6 billion by 2025, registering a CAGR of 4.9% during the forecast period.

Increase in fish production to meet food supply, technological advancements in the field of aquaculture, and rise in demand from livestock and fisheries have boosted the growth of the global 5 major aquaculture market. However, surge in temperature and water pollution hampers the market growth. On the contrary, evolution in inland fishing and use of more sustainable technology in aquaculture is expected to create lucrative opportunities in the near future.

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Major market players
• Blue Ridge Aquaculture
• Huon Aquaculture Group Pty Ltd.
• Eastern Fish Co.
• RoyMarine Harvest ASA
• ASMAK - International Fish Farming Holding Company
• Promarisco
• Nireus Aquaculture S.A.
• Stehr Group Pty Ltd.

Tilapia to manifest fastest growth through 2025
The tilapia segment is projected to portray the fastest growth during the forecast period, registering a CAGR of 5.6%. This is due to increased consumption in the U.S. and African. Moreover, it is low in saturated fat, calories, carbohydrates, and sodium content making it a good protein source, which drives the growth of the segment. However, the salmon segment held the largest share in 2018, contributing nearly one-fourth of the global 5 major aquaculture market, owing to increase in demand from the hospitality, QSR food and nutrition sector, and favorable environment for rearing fish due to improved techniques and technology in the catchment area. Moreover, presence of supportive norms and regulation coupled with smooth trade relations across several countries supplemented the market growth.
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Issued By https://www.alliedmarketresearch.com/
Country India
Categories Business
Last Updated December 19, 2022