Global Aquaculture Market Sees Growth as Protein Demand Increases


Aquaculture industry is a sustainable way to feed the world’s population with environmentally friendly products through smart agriculture, says Frost & Sullivan

SAN ANTONIO, September 19, 2022 /PRNewswire/ — A growing world population and growing demand for protein is driving the global aquaculture industry. The industry is a sustainable way to supply and feed the population with environmentally friendly protein products. Frost & Sullivan’s recent analysis, Global Aquaculture Market Growth Opportunities, finds that innovation in aquaculture technologies and smart farming methodologies are revolutionizing the sector and generating additional revenue streams. The market should win $415.82 billion in revenue by 2030 from $284.63 billion in 2021, a slight increase at a compound annual growth rate (CAGR) of 4.3%.

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“The aquaculture industry has fully recovered from the pandemic after suffering the most intense impact in the first half of 2020,” said Akheela Dhiman.Research Analyst in Chemistry, Materials and Nutrition at Frost & Sullivan. “Additionally, the reopening of hotels, restaurants and cafes (HORECA) in the second half of the year and the recovery in global household demand have revived the industry.”

Dhiman added, “Increased investment in smart agriculture and other technologies will provide detailed information on the nutrition, health and environment of species on the farm and generate additional revenue streams. the development and adoption of many of these technologies across all components of the supply chain has led to robust production of farmed seafood.”

To take advantage of the expanding global aquaculture market, explore these growth opportunities:

  • Market players should develop and provide farmers with low-cost sustainable solutions and technologies to help increase the overall productivity of their fish stocks.
  • Aquaculture enterprises should develop and install innovative solutionssuch as low-cost solar drying tents and solar-powered freezers, to address issues related to post-harvest fish loss and waste.
  • Fishing organizations should find alternative sources of fishmeal, such as insects and algae. This will reduce agricultural costs for businesses and increase their profitability.

Global Aquaculture Market Growth Opportunities is the latest addition to Frost & Sullivan’s Chemicals, materials and nutrition research and analysis available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous stream of growth opportunities to succeed in the unpredictable future.

About Frost & Sullivan

For more than six decades, Frost & Sullivan has helped shape sustainable growth strategies for Fortune 1000 companies, governments and investors. We apply actionable insights to navigate economic change, identify disruptive technologies and formulate new business models to create a stream of innovative growth opportunities that drive future success. Contact us: Start the discussion.

Global Aquaculture Market Growth Opportunities

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SOURCE Frost & Sullivan

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