Aquaculture Market Technological Advancements Expected To Boost Revenue Growth
Transparency Market Research (TMR) delivers key insights on the global
aquaculture market in its upcoming outlook titled, “Aquaculture Market:
Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019-2027”.
In terms of value, the global aquaculture market is projected
to register a healthy CAGR of 2.3% during the forecast period due to various
factors, regarding which TMR offers vital insights in detail.
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The farming and harvesting of aquatic species in aquaculture influence
the growth and quality of the overall species. Aquaculture promotes the fast
growth and hygiene of plants and animals no matter if they are fishes,
molluscs, Crustaceans, Seaweeds, Algae, and other micro-organisms which
indirectly helps in meeting the rising consumer demand for various types of
food and extracted food products. Hence, this one critical factor helps in
driving the demand for aquaculture market.
Owing to the surging demand for aquaculture products, major farmers and
harvesters are looking out for solutions, technology and have been looking out
for ways on improving their production capacity in order to meet the increasing
demand for various types of fish, shellfish, and aquatic plants. As a result,
several farmers and harvesters have been using better nutrition and feeding
technologies for the better growth of species.
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The product type segmentation form a significant raise in the fish
prices per year, and are being expected to grow at a significant rate over the
forecast period. The overall aquaculture provides farmers and harvesters huge
opportunities at the global level as it provides high revenues in the market.
The market is also acting as an employment generator across the world. Due to
these results, several key organizations and government of the particular
region together have been taking necessary steps such as adopting latest
technologies, improving rural aquaculture market and solutions to improve the
quantity as well as the quality of the species, products and related food. They
are also making use of intensively closed farming and harvesting systems for
export production to increase the overall export market.
There is an increased demand in the ready to eat, canned and processed
fish products in developed and developing countries due to fast paced
lifestyle. Also, there is a rise in the global market of fish and related
products sold through the retail chain and fast food services as a consequence
of increase in the ease and speed of food preparation in the urban area. The
farmers and harvesters across the globe have significantly reduced the use of
antibiotics and chemicals in the fish farming and feeding.
This aquaculture market report covers positive factors and trends which
are driving every segment and provides global market analysis and understanding
of the potential of the overall aquaculture market in the specified regions
such as APAC. North America is anticipated to witness heightened growth rates
over the forecast period and is also forecasted to stand as one of the largest
market throughout 2027. The market attractiveness analysis shows that, European
and North American regions are comparatively engaging marketplaces in the
aquaculture market.
Also, the company profiles of the key players are included in detail in
the aquaculture market report to analyze and understand their strategies, major
offerings and key developments.
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The aquaculture market major players include Nippon Suisan Kaisha Ltd., Austevoll Seafood
ASA, MOWI ASA, SalMar ASA, P/F Bakkafrost Holding, Tassal Group Limited, Cooke
Aquaculture Inc., Norway Royal Salmon ASA, Campania Pesquera Camanchaca SA, and
Multiexport Foods SA.
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perspectives on the markets evaluate opportunities in various segments. The
opportunities in the segments based on source, application, demographics, sales
channel, and end-use are analysed, which will determine growth in the markets
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