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MarketersMEDIA / Newsroom / Global Aquaculture Products Market Projected To Reach About USD 56.38 Billion By 2026 – ZMR

Global Aquaculture Products Market Projected To Reach About USD 56.38 Billion By 2026 – ZMR

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Global Aquaculture Products market is slated to accrue revenue worth nearly 56.38 (USD Billion) by 2026 and record the CAGR of about 7.4% over the period from 2020 to 2026.

— As per the analysis by Zion Market Research analysts, the global aquaculture products market was capitalized at about USD 29.5 billion in 2018 and is projected to reach about USD 56.38 billion by 2026, expanding at approx of 7.4% CAGR during 2020–2026. Some of the prominent players in the global aquaculture products market consist of AKVA group, Pentair plc, Aquaculture Systems Technologies LLC, Xylem, Pioneer Group,, ASAKUA, CPI Equipment Inc., Eastern Fish Company, Huon Aqua, GRUPO NUEVA PESCANOVA, Intl Fish Farming, Lifegard Aquatics, Frea Aquaculture Solutions ApS, Reef Industries, Inc., Tan International, Aquaculture of Texas Inc., Aquafarm Equipment AS, Cooke Aquaculture, Cermaq, Lerøy, Grupo Farallon Aquaculture, Bakkafrost, Marine Harvest, Stolt-Nielsen, Selonda SA, Thai Union Group PCL, Tassal, Nireus, and Blue Ridge Aquaculture Inc.

Rise In Seafood Trade Anticipated To Drive The Demand For Aquaculture Products

The rise in seafood trade is projected to drive the aquaculture products market growth during the forecast period. Further, the increasing inclination toward smart fish farming and rising income level that is surging the fish consumption rate are expected to boost the growth of the aquaculture products market. Moreover, the expansion of the aquaculture industry along with the rise in need for aquaponics is also anticipated to fuel the aquaculture products market growth. The unceasing deterioration of natural feedstock has a positive impact on the aquaculture products market growth. Nevertheless, food safety worries and overfishing are projected to hamper the market growth. However, the increase in government programs is expected to propel the aquaculture products market growth and bring up new avenues for prominent players.

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Chemical Segment To Grab The Largest Share Within The Global Aquaculture Products Market

The global aquaculture products market is bifurcated on the basis of culture, rearing product type, species, production type, and region. The market, based on rearing product type, is categorized into chemicals, equipment, pharmaceuticals, and fertilizers. During the forecast period, the chemicals segment is expected to register the largest market share, as it is widely utilized for disinfecting ponds & in aqua product processing, fish treatment, disease control, and other aquaponics.

Asia Pacific To Dominate The Global Aquaculture Products Market During The Forecast Period

During the forecast period, Asia Pacific is projected to rule the aquaculture products market owing to the rapid implementation of advanced and innovative methods for aqua farming. Further, substantial accessibility of plot for aqua farming upsurges the productivity and supply-demand for aquaculture products in this region. The key aquaculture products market is covered by India, China, Singapore, Thailand, and Vietnam. The market in North America and Europe is expected to grow at a modest rate during the forecast period on account of deep-rooted mature aquaculture products market. Further, the aquaculture products market in the Middle East & Africa and Latin America is anticipated to grow at a slow rate during the forecast period.

The global aquaculture products market is segmented as follows:

By Rearing Product Type

Water pumps and filters
Containment equipment
Water circulating and aerating equipment
Cleaning equipment

By Species

Aquatic plants
Aquatic animals

By Production Type

Medium & Large Scale

By Culture

Brackish water

By Region

North America
The U.S.

The UK
Rest of Europe

Asia Pacific
South Korea
Southeast Asia
Rest of Asia Pacific

Latin America
Rest of Latin America

Middle East & Africa
South Africa
Rest of Middle East & Africa

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About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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Name: Joel John
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Organization: Zion Market Research
Address: 244 Fifth Avenue, Suite N202
Phone: +1-855-465-465

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Source: MarketersMedia

Release ID: 88983358

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