Forecast of Aquaculture Market Trends and Growth by Nature Inland & Inshore, Offshore, Species, and Environment Marine Water Water, Fresh Water, Brackish




Aquaculture is a term used to describe the activity of farming fish. This farming procedure entails interventions in the rearing process to increase production, such as regular stocking, feeding, and predator protection.

The pressing need for innovative food production solutions has resulted in the widespread adoption of precision farming concepts, which rely on technologies such as drones and self-driving tractors. Aquaculture is a sister industry that is equally important for global food security but has been less affected by technological advances. However, the recent surge in popularity and acceptance of data-driven management platforms, which integrate data from disparate sources into a unified cloud platform and encapsulate the complete dynamics of the aquaculture farm environment in real time, will favour aquaculture market growth.

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).

Small-scale farming is being adopted by developing regions such as Asia Pacific, South America, and Africa due to the rising demand for aqua-products with high protein content. Furthermore, the governments of these countries are undertaking a number of initiatives to support aquaculture farming Aquaculture Market in these regions, as it is a major source of employment. Government regulations on fish catching are a major impediment to the growth of the aquaculture market.

The strict government regulation on trapping aquatic animals due to overfishing impacting the ecosystem of marine environments is expected to be a restraint on aquaculture market growth in the forecast years. Furthermore, fish may consume dangerous chemicals, particularly mercury, discharged into bodies of water by industries; if a person consumes such a fish, it affects the person's nervous system. This factor is expected to limit market growth by having a significant impact on fish consumption.

Aquaculture Market Analysis:

     Aquaculture, also known as aqua-farming, refers to the rearing, breeding, and harvesting of aquatic creatures such as plants, algae, and animals in managed, controlled, and semi-controlled environments for commercial, recreational, and public purposes. Furthermore, aquatic organism farming could take place in a variety of water environments and conditions, including rivers, seas, lakes, oceans, and man-made aquatic farms.

 

 

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