Regional Analysis of the Aquaculture Products Market: Key Players and Growth Areas
The global aquaculture products market is estimated to be valued at USD 39.7 billion in 2022. It is projected to reach USD 56.2 billion by 2027, recording a CAGR of 7.2% during the forecast period. Some macroeconomic and microeconomic elements that have been prevalent in some important countries have had an impact on the global aquaculture products market. In terms of value sales, this would be strong...
The Global Aquaculture Products Market: Sustained Growth and Opportunities Ahead
Introduction
The global aquaculture products market is on a trajectory of impressive growth, with a valuation of USD 39.7 billion in 2022 and a projected figure of USD 56.2 billion by 2027, reflecting a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period. This expansion is not merely the result of market forces but is also influenced by macroeconomic and microeconomic...
Global aquaculture products market to hit USD 56.2 billion by 2027
The global aquaculture products market is projected to be worth USD 56.2 Billion by 2027, growing at compound annual growth rate (CAGR) 7.2 per cent during the forecast period.
According to this year’s Aquaculture Products Market study by MarketsandMarkets, the global revenue impact company, the growth of the aquaculture products market is attributed to the rise in protein consumption and overall...
Growing Demand for Seafood Products and Protein Intake to Drive the Demand for Aquaculture
“Farming implies some form of
intervention in the rearing process to enhance production, such as regular
stocking, feeding, protection from predators, etc.,” as defined by the Food
and Agriculture Organization (FAO). Aquaculture is the farming of aquatic
organisms, such as fish, mollusks, crustaceans, and aquatic plants.
MarketsandMarkets projects that the global aquaculture
market is to grow...
Increasing Seafood Trade Propelling Demand Drives the Aquaculture Products Market
The aquaculture products market is driven by the decline in the amount of captured fish, increasing population, and rise in consumption due to the nutritional value of fish. To fill the gap in demand and supply of fish and seafood products, aquafarming of fish and crustaceans is rising, which, in turn, is leading to the rise in the demand for aquaculture products. The rising trends in smart fish farming...