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Rising Demand for Sea Food to Provide Impetus to Aquaculture Market - TMR

Aquaculture Market Players Focusing on Better Nutrition & Feeding Technologies for Enhanced Yield

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News provided by

Transparency Market Research

21 May, 2019, 10:30 GMT

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ALBANY, New York, May 21, 2019 /PRNewswire/ -- The global aquaculture market is fragmented and competitive, says Transparency Market Research (TMR) based on a recently published report. The key players in the global aquaculture market include Cooke Aquaculture Inc., Bakkafrost Holding, Nippon Suisan Kaisha Ltd., Tassal Group Limited, and Norway Royal Salmon ASA. These farmers and harvesters are investing on advanced technologies to improve the growth of the aquatic plants and animals. They are also investing on better feed without pesticides to grow quality and hygienic products to capture over the competitive market of the global aquaculture market.

Rising demand for sea food across the globe is projected to drive the global aquaculture market to grow at a healthy rate. The global aquaculture market is expected to grow at a CAGR of 2.3% over the forecast period 2019 to 2027. The global aquaculture market is projected to reach an estimated value of US$173.3 Mn by the end of 2019 as compared to 2018.

Request a Sample of Global Aquaculture Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=773

On the basis of geography, the global aquaculture market is projected to be ruled by North America during the forecast period. It is expected to be the most attractive market for aquaculture during this tenure. The growth can be attributed to growing aquaculture activities and market. The global aquaculture market is segmented into fish, molluscs, seaweeds, and crustaceans on the basis of product type. However, the fish segment is projected to dominate the global aquaculture market from 2019 to 2027.

Demand for Canned Sea Food to Surge Global Aquaculture Market

Due to rising demand for convenience, packed food, and processed fish products are likely to surge the global aquaculture market. Such increasing demand for ready to eat products are predicted to come from developed and developing countries. Alternatively, the governments are supporting aquaculture farming in fresh water or marine water. The reason for supporting aquaculture farming is to save endangered species from extinction.

Request For Multiple Chapters: https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=773

Moreover, increased purchasing power among consumers is predicted to boost the global aquaculture market to grow at a healthy rate. Continuous advancements in technologies in fisheries and sustainable solutions in farming and harvesting aqua animals and plants also have contributed to the growth of aquatic plants and animals. Furthermore, the farmers and harvesters feed these aqua animals with organic feed. Thus, the global aquaculture market is expected to grow at a steady rate during the forecast period.

Export Production to Boost Growth in Global Aquaculture Market

The farmers and harvesters are using closed harvesting and farming system to increase export production. Increase in export production is will directly surge the overall market. This acts as another factor that will drive the global aquaculture market during the forecast period. Increasing number of retail chain stores, restaurants, and fast food service providers are likely to meet the immediate demand for sea food cravings. Hence, the global aquaculture market is anticipated to expand in the upcoming years.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=773

The factors that are projected to restrain the global aquaculture market are high cost to establish technological advancements. Small players in the market may not be able to bring in the latest technology in aquaculture farming. Additionally, changes in climatic conditions such as hurricanes, storms, and cyclones are also projected to restrain the global aquaculture market during the forecast period.

Despite the restraints, the global aquaculture is projected to grow due to governments support and investments in various aquaculture farming and harvesting projects across the globe. Hence, the global aquaculture market is anticipated to grow at a healthy rate in the upcoming years.

Browse Press Release: https://www.transparencymarketresearch.com/pressrelease/aquaculture-market.htm

This review is based upon the TMR report titled, "Aquaculture Market (Culture Type - Marine Water, Fresh Water; Product Type - Fish, Molluscs, Crustaceans, Seaweed)) – Global Industry, Size, Share, Growth, Trends, Forecast, 2019-2027."

The global aquaculture market is segmented into:

  • Culture
    • Marine Water
    • Fresh Water
  • Product
    • Fish
    • Molluscs
    • Crustaceans
    • Seaweed
  • Region
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Gulf Country Council
    • Saudi Arabia
    • UAE
    • Rest of Middle East

Browse Food & Beverages Market Research Reports

Popular Research Reports by TMR:

  • Processed Food & Beverage Preservatives Market: https://www.transparencymarketresearch.com/processed-food-beverage-preservatives-market.html
  • Aquafeed Market: https://www.transparencymarketresearch.com/aquafeed-market.html
  • Aquaculture Additive Market: https://www.transparencymarketresearch.com/aquaculture-additive-market.html
  • Organic Aquaculture Product Market: https://www.transparencymarketresearch.com/organic-aquaculture-product-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision."

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
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United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
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