iCrowd Newswire
13 May 2022, 00:18 GMT+10
Aquaculture Market is expected to reach $285.35 billion in 2019, and is projected to reach $378.00 billion by 2027, growing at a CAGR of 5.8% from 2021 to 2027.
Increase in fish production to meet food supply and changes in lifestyle, rise in demand for protein rich diet, technological advancements in the sector of aquaculture, and expanding food & beverage and retail market drive the growth of the global aquaculture market. However, rise in act of animal cruelty in animal farms and slaughterhouses, adoption of veganism, and increase in temperature and water pollution hamper the market growth. On the contrary, evolution in inland fishing and use of more sustainable technology in aquaculture are expected to open lucrative opportunities for the market players.
Download Sample PDF (292 Pages with More Insight): https://www.alliedmarketresearch.com/request-sample/208
Covid-19 scenario:
The Covid-19 outbreak significantly affected the demand for seafood. The market witnessed drastic decline in sales of fish products due to supply chain disruption and reduction of out-of-home consumptions as restaurants and hostels were closed. However, at-home consumption of fish products has increased during the lockdown in several countries. Moreover, restaurants and hotels are reopened, which is expected to help the market get back on track.
The global aquaculture market is segmented on the basis of environment, fish type, and region. Based on environment, the market is classified into marine water, fresh water, and brackish water. The fresh water segment held the lion's share in 2019, accounting for nearly three-fourths of the market. Moreover, the segment is expected to manifest the highest CAGR of 5.9% during the forecast period.
On the basis of fish type, the market is divided into carps, mollusks, crustaceans, mackerels, sea bream, and others. The mollusks segment held the lion's share in 2019, contributing to around one-fifth of the market. In addition, the segment is expected to portray the highest CAGR of 6.2% during the forecast period.
The global aquaculture market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific dominated in 2019, accounting for nearly two-thirds of total revenue, and is estimated to register the highest CAGR of 6.0% during the forecast period.
The global aquaculture market report includes an in-depth analysis of the prime market players including WH Group, Smithfield Foods, JBS S.A., Danish Crown, Triumph Foods, Tönnies, Tyson Foods Inc., Vion Food Group Ltd., Yurun Group, and Shuanghui Development.
Get detailed COVID-19 impact analysis on the Global aquaculture Market@ https://www.alliedmarketresearch.com/request-for-customization/208?reqfor=covid
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Tags: Aquaculture Market Size, Aquaculture Market Share, AQUACULTURE MARKET
See Campaign: https://www.alliedmarketresearch.com/
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow us on: LinkedIn
Tags:PR-Wirein, Reportedtimes, Financial Content, Research Newswire, EnglishGet a daily dose of Denver Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Denver Sun.
More InformationSAN FRANCISCO, California: In a letter released this week, the archbishop of San Francisco, Salvatore Cordileone, said U.S. House Speaker ...
BERLIN, Germany: At least 43 people were injured after a tornado struck the western German city of Paderborn on May ...
WASHINGTON D.C.: The Department of Justice has said that an American citizen and four Chinese intelligence officers have been charged ...
WASHINGTON D.C.: Due to the inability of businesses to hire enough workers, the U.S. has announced that it will grant ...
WASHINGTON D.C.: U.S. senators Elizabeth Warren and Mike Rounds have introduced a bipartisan resolution requesting the Federal Trade Commission (FTC) ...
MOSCOW, Russia: According to preliminary data released by the finance ministry this week, almost three months after Moscow's invasion of ...
SACRAMENTO, California: In another blow to the state's push to diversify corporate leadership, a California court judge has ruled that ...
Pete Alonso's three-run homer capped a five-run third inning Monday night as the visiting New York Mets rolled to a ...
Nazem Kadri scored a hat trick to lift the visiting Avalanche past the St. Louis Blues 6-3 on Monday, giving ...
Yoshi Tsutsugo's tiebreaking RBI infield single in the eighth inning Monday gave the Pittsburgh Pirates a 2-1 win over the ...
The Golden State Warriors look to become the first team since Michael Jordan's Chicago Bulls to make six trips to ...
The Minnesota Timberwolves finalized a five-year deal with Denver Nuggets president of basketball operations Tim Connelly to have him lead ...