Market Overview

Aquaculture is the cultivation of freshwater aquatic organisms for food and other purposes. This rapidly growing field is focused on harvesting fish in water systems. Aquaculture has also been able to meet the needs of a less than adequately served market, with less harmful waste being released into the environment, because the water is delivered directly to the operations and transported to the fish where it is used. Aquaculture is one of the few animal products that has consistently shown consistent growth despite the global recession, with fish production consistently exceeding demand.

With aquaculture there are two separate but intertwined markets that are not necessarily thought of when discussing the same. On one hand we have the marine aquaculture industry, which includes the vast majority of fish being raised for food and other aquaculture related markets.

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Market Dynamics

Increasing number of hatcheries is expected to propel growth of the global aquaculture market over the forecast period. For instance, in March 2021, Kelly Cove Salmon Ltd., the Atlantic Canadian salmon farming division of Cooke Aquaculture Inc., received approval from the Nova Scotia Department of Fisheries and Aquaculture for the development of a new land-based salmon hatchery near Centreville on Digby Neck.

Major players operating in the global aquaculture market are focused on adopting partnership strategies to enhance their market share. For instance, in August 2021, Cermaq partnered with Folla Alger for integrated salmon and kelp farming in collaboration with leading research environments in Norway.

Detailed Segmentation:

Global Carbon Black Market for Textile Fibers Market, By Fish Type:

Carps

Mollusks

Crustaceans

Salmon

Milkfish

Trout

Mackerels

Sea bream

Sea bass

Others

Global Carbon Black Market for Textile Fibers Market, By Environment:

Fresh Water

Marine Water

Brackish Water



Key companies covered as a part of this study include Blue Ridge Aquaculture, Cermaq ASA, Cooke Aquaculture Inc., Eastern Fish Co., Huon Aquaculture Group Pty Ltd., International Fish Farming Co. – Asmak, Marine Harvest ASA, Nireus Aquaculture S.A., Promarisco, and Selonda Aqauculture S.A.

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