Aquaculture: Are Fish Farms the Future?

Aquaculture is the cultivation of various species of aquatic animals such as fish, crustaceans, mollusca, and algae. In aquaculture, the aquatic animals are farmed in cultural environments, including freshwater, marine water, and brackish water. It is a sustainable method of cultivation that meets the demand for seafood for human consumption without hampering aquatic biodiversity.

DOWNLOAD SAMPLE COPY HERE

Aquaculture

The key players operating in the global aquaculture market include Cermaq Group AS, P/F Bakkafrost, Blue Ridge Aquaculture, Danish Salmon A/S, Farallon Aquaculture Group, Cooke Aquaculture, Leroy Seafood Group ASA, Stolt-Nielsen Limited, Mowi ASA and Thai Union Group PCL.

The aquaculture market was valued at US$ 267,423.64 million in 2021 and is projected to reach US$ 357,903.27 million by 2028 and is expected to grow at a CAGR of 4.3% from 2021 to 2028.

DOWNLOAD PDF BROCHURE

The high growth in population and growing awareness among consumers about seafood as a healthy protein source has fueled the aquaculture market. According to the Food and Agriculture Organization (FAO), fish consumption by humans is expected to increase by 50% in the coming 15 years. Additionally, the increase in purchasing power of people in developing nations has supported the market growth. Wild fisheries are not sufficient to meet the global demand for seafood. Technology has made it feasible to produce seafood in coastal marine waters, the open ocean, and other aquatic environments. Aquaculture is a sustainable solution for fish farming to provide the future generation with environmentally friendly protein alternatives.

Source:- The Insight Partners