Key Factors to Market Growth of the Aquaculture Industry through 2018 - 2023

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MarketsandMarkets Presents

• Key Factors to Market Growth of the Aquaculture
  Industry through 2018 - 2023

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Introduction

• The aquaculture market is projected to grow from
  USD 30.1 billion in 2018 to USD 42.6 billion by
  2023, 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.
• Asia Pacific accounted for the largest share in
  the aquaculture market. This is attributed to a
  rise in demand for advanced and latest
  aquaculture products that help in producing more
  quality output with available land for
  aquafarming and enhance the efficiency of
  aquaculture operations. Further, aquaculture
  sectors in countries such as China, India,
  Vietnam, Indonesia, and Thailand are
  export-oriented the aquafarming sector is of
  prime importance in these countries, as players
  here are focusing on technology adoption and
  automation which is expected to have a positive
  impact on the aquaculture market in this region.
  Key vendors in the global aquaculture market
  include Pentair plc. (US), AKVA Group (Norway),
  Xylem Inc. (US), Aquaculture Equipment Ltd. (UK),
  Aquaculture System Technologies, LLC, (US),
  Luxsol (Belgium), Pioneer Group (Taiwan), CPI
  Equipment Inc. (Canada), Asakua (Turkey), FREA
  Aquaculture Solutions (Denmark), Lifegard
  Aquatics (US), Tan International Ltd (UK), Reef
  Industries, Inc. (US), Aquafarm Equipment AS
  (Norway), and Aquaculture of Texas, Inc. (US).

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Market Dynamics

• On the basis of rearing product type, the
  aquaculture market has been segmented as follows
• Equipment
• Water pumps filter
• Containment  equipment
• Water circulating and aerating equipment
• Cleaning equipment
• Feeders
• Others
• Chemicals
• Pharmaceuticals
• Fertilizers

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• On the basis of culture, the aquaculture market
  has been segmented as follows
• Freshwater
• Brackish water
• Marine
• On the basis of production type, the aquaculture
  market has been segmented as follows
• Small-scale
• Large- medium-scale

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• On the basis of species, the aquaculture market
  has been segmented as follows
• Aquatic plants
• Seaweeds
• Microalgae and other aquatic plants
• Aquatic animals
• Finfish
• Crustaceans
• Mollusks
• Others (sea bream, sea bass, and frogs)

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• On the basis of region, the aquaculture market
  has been segmented as follows
• North America
• Europe
• Asia Pacific
• South America
• RoW (Africa and the Middle East)
• Geographic Analysis
• Further breakdown of the Rest of Europe
  aquaculture market
• Further breakdown of the Rest of Asia Pacific
  aquaculture markets

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