Aquaculture Market Value and Analysis Report

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International Conference on Aquaculture and Marine Biology  providing a chance for the aquaculture & marine biology industry to find out about current and forthcoming problems, explore new developments in cultural technology, and interact with others with similar interests. This conference brings along a novel and International mixture of consultants like academicians, scientists, and business professionals, the general public, and current and prospective fish farmers to share data and ideas regarding the development of aquaculture & marine biology.

Market Research Report of Aquaculture _ comprehensive analysis

The Aquaculture market was valued at USD 30.1 billion in 2022 and is projected to reach USD 42.6 billion by 2028, recording a CAGR of 7.2% during the forecast period. This is attributed to the growing consumption of fish for its nutritional value. Furthermore, the rising trend of smart fishing and the increase in seafood trade is also propelling the demand for aquaculture products.

Owing to the growing demand for aqua-products for their protein-rich content, small-scale farming is adopted by developing regions such as Asia Pacific, South America, and Africa. Furthermore, the governments of these countries are taking various initiatives to support aquafarming in these regions, as it is one of the major sources of employment. The aquaculture market is segmented, on the basis of culture, into freshwater, marine, and brackish water.

The brackish water segment is projected to be the fastest-growing segment in the aquaculture market during the forecast period. This is attributed to its high adoption in underdeveloped countries such as those in Africa. Further, brackish water aquafarming involves culturing of fin and shell fishes that are found in the coastal environment; it has the capacity to supply required food fish on a regular basis, thereby contributing to food security through supplemented feeding and aquafarming methods.

The Graphical representation of the Aquaculture Market overview 2023: