Global Mariculture Market, By Product Type (Equipment, Chemicals, Pharmaceuticals, Fertilizers), Culture (Freshwater, Marine, Brackish Water), Species (Aquatic Animals, Aquatic Plants) Material (Nylon, Polyester, HDPE PE, and Others), Operations (Fixed Cage, Floating Cages, Submerged Cages, and Submersible Cages) Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Mariculture Market
Data Bridge Market Research analyses that the mariculture market will project a compound annual growth rate (CAGR) of 1.80% during the forecast period of 2022-2029 and is likely to reach USD 473.98 million in 2029.
Mariculture is a part of cultivation business, which reinforces the assembly of food through rearing of fishes in brine condition or marine cultivation. It's reared in an interior section of the ocean, or in tanks, cages secured ponds or raceways.
Changes in the food consumption pattern of people worldwide is the major factor accelerating the growth of the mariculture market. Furthermore, expansion of retail market and easy availability of the product through various sales channel make it convenient for consumers to purchase packaged aquaculture and commercial seafood, which generate significant revenue are also expected to drive the growth of the mariculture market. However, rise in the adoption of veganism and stringent law implemented against animal cruelty and presence of multiple viruses through effluents in coastlines restrains the mariculture market, whereas, inland aquaculture, international maritime borders, countries without coastlines, worker safety, chances of diseases through keeping fish in close proximity will challenge market growth.
In addition, rise in popularity protein rich diet will create ample opportunities for the mariculture market.
This mariculture market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on mariculture market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Mariculture Market Scope and Market Size
The mariculture market is segmented on the basis of product type, culture, operation, material and species. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the product type, the mariculture market is segmented into equipment, chemicals, pharmaceuticals, and fertilizers.
- Based on the culture, the mariculture market is segmented into freshwater, marine, and brackish water.
- Based on the species, the mariculture market is segmented into aquatic animals, and aquatic plants.
- Based on the operation, the mariculture market is segmented into fixed cage, floating cages, submerged cages, and submersible cages.
- Based on the material, the mariculture market is segmented into nylon, polyester, HDPE PE, and others. Others are further segmented into includes steel and copper alloys.
Mariculture Market Country Level Analysis
The global mariculture market is analyses and market size, volume information is provided by country by product type, culture, operation, material and species as referenced above.
The countries covered in the mariculture market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North Africa region is undergoing substantial gains and is projected to score the highest compound annual growth rate (CAGR) during the forecast period. This is because of the dependence on seafood for consumption in the Caribbean region is driving mariculture market. Asia-Pacific is showing one of the fastest CAGR for mariculture market owing to the demand for marine products from the last four decades. Additionally, the presence of diversified oceanographic conditions has promoted the mariculture market in APAC region.
The country section of the mariculture market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Mariculture Market Share Analysis
The mariculture market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to mariculture market.
Some of the major players operating in the mariculture market report are Cargill, Incorporated., Symrise AG, KD Pharma Group, Omega Protein Corporation, Abyss Ingredients, Algaia, American Seafoods Company LLC., Bio-marine Ingredients Ireland Ltd., COBIOSA, Gonmisol, Hofseth BioCare, Kodiak Fishmeal Company, Nutrifish, OLVEA Fish Oils, Pacific Seafood., Pelagia AS, TerraMar Ingredients, Sea Pride LLC, The Scoular Company, Vesteraalens AS among other.
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