Global Aquaculture Companies
Aquaculture is a production system that entails raising different aquatic organisms which include fish, crustaceans, and mollusks. It consists of breeding of freshwater and seawater populations in an environment that can be either a tank, a pool or an enclosed ocean area. It is a dependable and sustainable source of seafood to meet the growing global demand for proteins. It is a significant contributor to food security because there is a consistent and reliable supply of high quality food, particularly in regions where fresh fish is limited. It reduces the strain on wild fish populations, helping to prevent overfishing and depletion of marine resources. It also involves the cultivation of aquatic plants for feeding, medicine, cosmetics, and ornamental purposes. It serves as important research hubs for the study of aquatic biology, ecology, genetics, nutrition, and disease management. It is used in restoration and rehabilitation efforts of degraded aquatic ecosystems.
The global aquaculture market size reached 79.3 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 116.6 Million Tons by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032.