Global Aquaculture Products Market Projected To Reach About USD 9.03 Billion by 2032

As per the analysis by Zion Market Research analysts, global Aquaculture Products Market, estimating its value at USD 3.50 Billion in 2023, with projections indicating that it will reach USD 9.03 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 11.1% over the forecast period 2024-2032 Some of the prominent players in the global aquaculture products market consist of AKVA group, Pentair plc, Aquaculture Systems Technologies LLC, Xylem, Pioneer Group, luxsol.ru, ASAKUA, CPI Equipment Inc., Eastern Fish Company, Huon Aqua, GRUPO NUEVA PESCANOVA, Intl Fish Farming, Lifegard Aquatics, Frea Aquaculture Solutions ApS, Reef Industries, Inc., Tan International, Aquaculture of Texas Inc., Aquafarm Equipment AS, Cooke Aquaculture, Cermaq, Lerøy, Grupo Farallon Aquaculture, Bakkafrost, Marine Harvest, Stolt-Nielsen, Selonda SA, Thai Union Group PCL, Tassal, Nireus, and Blue Ridge Aquaculture Inc.

Rise In Seafood Trade Anticipated To Drive The Demand For Aquaculture Products

The rise in seafood trade is projected to drive the aquaculture products market growth during the forecast period. Further, the increasing inclination toward smart fish farming and rising income level that is surging the fish consumption rate are expected to boost the growth of the aquaculture products market. Moreover, the expansion of the aquaculture industry along with the rise in need for aquaponics is also anticipated to fuel the aquaculture products market growth. The unceasing deterioration of natural feedstock has a positive impact on the aquaculture products market growth. Nevertheless, food safety worries and overfishing are projected to hamper the market growth. However, the increase in government programs is expected to propel the aquaculture products market growth and bring up new avenues for prominent players.

Chemical Segment To Grab The Largest Share Within The Global Aquaculture Products Market

The global aquaculture products market is bifurcated on the basis of culture, rearing product type, species, production type, and region. The market, based on rearing product type, is categorized into chemicals, equipment, pharmaceuticals, and fertilizers. During the forecast period, the chemicals segment is expected to register the largest market share, as it is widely utilized for disinfecting ponds & in aqua product processing, fish treatment, disease control, and other aquaponics.

Asia Pacific To Dominate The Global Aquaculture Products Market During The Forecast Period

During the forecast period, Asia Pacific is projected to rule the aquaculture products market owing to the rapid implementation of advanced and innovative methods for aqua farming. Further, substantial accessibility of plot for aqua farming upsurges the productivity and supply-demand for aquaculture products in this region. The key aquaculture products market is covered by India, China, Singapore, Thailand, and Vietnam. The market in North America and Europe is expected to grow at a modest rate during the forecast period on account of deep-rooted mature aquaculture products market. Further, the aquaculture products market in the Middle East & Africa and Latin America is anticipated to grow at a slow rate during the forecast period.

Browse the full “Global Aquaculture Products Market- By Species (Seaweeds, Aquatic Plants, Aquatic Animals, Mollusks, Microalgae, Crustaceans, Finfish, and Others), By Rearing Product Type (Chemicals, Equipment, Fertilizers, and Pharmaceuticals), By Culture (Brackish Water, Freshwater, and Marine), By Production Type (Medium & Large Scale and Small-Scale), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/aquaculture-products-market

The global aquaculture products market is segmented as follows:

By Rearing Product Type

• Equipment
  • Water pumps and filters
  • Containment equipment
  • Water circulating and aerating equipment
  • Cleaning equipment
  • Feeders
• Chemicals
• Pharmaceuticals
• Fertilizers

By Species

• Aquatic plants
• Seaweeds
• Microalgae
• Aquatic animals
• Finfish
• Crustaceans
• Mollusks
• Others

By Production Type

• Small-Scale
• Medium & Large Scale

By Culture

• Freshwater
• Brackish water
• Marine

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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