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Key Factors to Market Growth of the Aquaculture Industry through 2018 - 2023

The overall aquaculture market comprises several stakeholders in the supply chain, which include raw material suppliers and manufacturers.<br>https://www.marketsandmarkets.com/Market-Reports/aquaculture-product-market-2224024.html<br>

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Key Factors to Market Growth of the Aquaculture Industry through 2018 - 2023

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  1. MarketsandMarkets Presents Key Factors to Market Growth of the Aquaculture Industry through 2018 - 2023

  2. Introduction The aquaculture market is projected to grow from USD 30.1 billion in 2018 to USD 42.6 billion by 2023, recording a CAGR of 7.2% during the forecast period. This is attributed to the growing consumption of fish for its nutritional value. Furthermore, the rising trend of smart fishing and the increase in seafood trade is also propelling the demand for aquaculture products. Asia Pacific accounted for the largest share in the aquaculture market. This is attributed to a rise in demand for advanced and latest aquaculture products that help in producing more quality output with available land for aquafarming and enhance the efficiency of aquaculture operations. Further, aquaculture sectors in countries such as China, India, Vietnam, Indonesia, and Thailand are export-oriented; the aquafarming sector is of prime importance in these countries, as players here are focusing on technology adoption and automation which is expected to have a positive impact on the aquaculture market in this region.Key vendors in the global aquaculture market include Pentair plc. (US), AKVA Group (Norway), Xylem Inc. (US), Aquaculture Equipment Ltd. (UK), Aquaculture System Technologies, LLC, (US), Luxsol (Belgium), Pioneer Group (Taiwan), CPI Equipment Inc. (Canada), Asakua (Turkey), FREA Aquaculture Solutions (Denmark), Lifegard Aquatics (US), Tan International Ltd (UK), Reef Industries, Inc. (US), Aquafarm Equipment AS (Norway), and Aquaculture of Texas, Inc. (US).

  3. Market Dynamics On the basis of rearing product type, the aquaculture market has been segmented as follows: • Equipment • Water pumps & filter • Containment  equipment • Water circulating and aerating equipment • Cleaning equipment • Feeders • Others • Chemicals • Pharmaceuticals • Fertilizers

  4. On the basis of culture, the aquaculture market has been segmented as follows: • Freshwater • Brackish water • Marine On the basis of production type, the aquaculture market has been segmented as follows: • Small-scale • Large- & medium-scale

  5. On the basis of species, the aquaculture market has been segmented as follows: • Aquatic plants • Seaweeds • Microalgae and other aquatic plants • Aquatic animals • Finfish • Crustaceans • Mollusks • Others (sea bream, sea bass, and frogs)

  6. On the basis of region, the aquaculture market has been segmented as follows: • North America • Europe • Asia Pacific • South America • RoW (Africa and the Middle East) Geographic Analysis • Further breakdown of the Rest of Europe aquaculture market • Further breakdown of the Rest of Asia Pacific aquaculture markets

  7. Contact Us Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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