The new report by Expert Market Research titled, ‘Global Aquaculture Cage Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global aquaculture cage market, assessing the market based on its segments like type, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 4.6%
Rising fish consumption, diminishing fish supplies, and a bad farm economics have resulted in a greater emphasis on cage-free fish production. Furthermore, a number of small farmers are investigating alternatives to traditional agricultural products. Aquaculture is a rapidly growing business that provides prospects on a modest scale. Cage culture also allows farmers to utilise existing water resources that might otherwise be useless or have limited usage for other purposes. These elements are projected to stimulate demand for aquaculture cages.
Industry Definition and Major Segments
Aquaculture cage is the practice of cultivating fish in existing water resources while contained in a net cage that permits free passage of water. It is a floating frame, net materials, and mooring system aquaculture production system (with rope, buoy, anchor etc.)
The market based on type can be segmented into mariculture, costal aquaculture, freshwater aquaculture. On the basis of application the market is fragmented into fish, molluscs, crustacean and others.
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Market Trends
Fish consumption is predicted to rise dramatically in both developing and developed countries as a result of fast population growth, rising income, and urbanisation in emerging economies. The increased need for fish protein is likely to fuel the aquaculture cage industry. Aquaculture production techniques have seen a trend toward combining existing cages, as well as innovations and utilisation of more intense cage-farming systems. The requirement for suitable locations has driven the aquaculture industry to access and develop into novel, unexplored open-water culture domains such as lakes, reservoirs, rivers, and coastal brackish and marine offshore waters. These elements are predicted to contribute to market expansion.
Key Market Players
The major players in the market are AKVA Group, Selstad, Badinotti, Aquamaof, Garware Fibres, Hunan Xinhai, Zhejiang Honghai, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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