Precision Aquaculture: A New Framework to Improve Aquaculture Farming
The latest market study on "Global Aquaculture Market to 2027 – Analysis and Forecasts by Species (Aquatic Plants, Fish, Crustaceans, Molluscs, and Others), Nature (Land-based and Offshore), Culture Environment (Freshwater, Brackish water, and Marine)", The global aquaculture market is accounted to US$ 264,470.0 Mn in 2018 and is expected to grow at a CAGR of 7.7% during the forecast period 2019 - 2027, to account to US$ 509,743.0 Mn by 2027. The report includes key understanding of the driving factors of this growth and also highlights the prominent players in the market and their developments.
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Under the species segment, the fish segment accounted for the largest share in the global aquaculture market. Availability of a wide variety of fish and rising demand from developing countries such as the US, Canada, France, Italy, and China are the key factors that promote the demand for fish in the global aquaculture market. Furthermore, fish is a good source of proteins, minerals, and vitamins, which help to provides numerous health benefits. Fish has essential fatty acids, and its consumption helps to reduce the risk of cardiovascular diseases and contribute to brain and vision development. Therefore, the rise in awareness about the health benefits associated with fish consumption driving the fish segment growth in the global aquaculture market.
Seafood, specifically fish is part of traditional food in many regions. Also, fish is largely consumed owing to its nutritional benefits and several health benefits. It is considered as a good source of fatty acids, vitamins, minerals, protein, and essential micronutrients. An increase in disposable income and spending power of consumers also upsurge their spending on animal proteins such as seafood as compared to other food categories. Also, the Food and Agriculture Organization (FAO) has predicted that fish consumption by a human is expected to increase by 50% in the coming 15 years.
Currently, high growth in population and growing awareness amongst consumers about seafood as a healthy source of protein has fueled the growth of the aquaculture market. Along with this, the increase in the purchasing power of people in developing nations has also supported the market growth. Wild fisheries are not sufficient to meet the global demand for seafood. Thus, aquaculture is a suitable solution, which is the fastest-growing form of food production. Thus, the global increase in fish consumption is driving the growth of the aquaculture market.
Recirculating Aquaculture Systems (RAS) is a technique that reuses the water several times that passes the water through treatment processes to eliminate waste and restore the quality of water. It is a technology that is used for the farming of fishes and other aquatic species by reusing the water for production. The technology is based on the usage of biological and mechanical filters. The advantages such as the control over the pH and carbon dioxide degassing have proven to be beneficial for the growth of the fishes. Thus, the aforementioned benefits associated with the adoption of RAS technology in fish production are driving the global aquaculture market.
The List of Companies
1. AKUAKARE-Aguaculture Ltd.
2. AKVA group
3. Aquabyte
4. Aqualine AS
5. CPI Equipment Inc.
6. Deep Trekker
7. Eruvaka Technology
8. Innovasea Systems
9. Pentair AES
10. Steinsvik
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Source: The Insight Partners