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Aquaculture Equipment Market Trends

Report ID: GMI5627
Published Date: May 2023
Report Format: PDF

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Aquaculture Equipment Market Trends

Aquaculture is expanding but whether it is a solution to overfishing is still up for debate given that 90% of the world's wild fish stocks are completely fished, overexploited, or depleted. As seafood has grown into one of the most marketed food items on the planet, overfishing is on the rise. The delicate marine ecosystems that support the world are harmed when fish populations are depleted. Fish is raised under controlled conditions using the technique of aquaculture, which includes both freshwater and saltwater species. With 44% of all fish consumed coming from this industry, it is the fastest-growing food production sector in the world, yet in order to keep growing, it is heavily dependent on catching wild fish.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of aquaculture equipment was worth around USD 135 billion in 2022 and is estimated to reach USD 247 billion by the end of 2032, owing to the increasing popularity of seafood and rising income levels.

The grow-out farms segment is anticipated to grow substantially through 2032, due to changing dietary preferences and a commendable rise in the consumption of wild fishes and sea animals.

U.S. aquaculture equipment market was valued at USD 6 billion in 2022, credited to the improving technological landscape and favorable regulatory framework.

Leading companies operating in the Aquaculture Equipment industry are Cooke Aquaculture Inc., Aquaculture Equipment Ltd., Huon Aquaculture Group Pty Ltd., Ewos Group Cermaq Group AS, Nireus Aquaculture SA, Blue Ridge Aquaculture, Inc., Aquatic Equipment & Design Inc, Luxsolis Inc., Aquanetix Ltd., Fusion Marine Ltd., Aquabio Ltd., The Kingfish Company NV.