PR Newswire
19 Sep 2022, 12:42 GMT+10
The aquaculture industry is a sustainable means to feed the global population with environment-friendly products through smart farming, says Frost & Sullivan
SAN ANTONIO, Sept. 19, 2022 /PRNewswire/ -- The rising world population and growing protein demand drive the global aquaculture sector. The industry is a sustainable means to supply and feed the population with environment-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 is expected to garner $415.82 billion in revenue by 2030 from $284.63 billion in 2021, an uptick at a compound annual growth rate (CAGR) of 4.3%.
For further information on this analysis, please click here.
"The aquaculture industry has fully recovered from the pandemic after facing the most intense impact in the first half of 2020," said Akheela Dhiman, Chemicals, Materials & Nutrition Research Analyst at Frost & Sullivan. "Further, the reopening of hotel, restaurant, and cafe (HORECA) in the second half and recovery in global household demand revived the industry."
Dhiman added: "Increasing investment in smart farming and other technologies will provide detailed information on the nutrition, health, and environment of the species on the farm and will generate additional revenue streams. Additionally, the development and adoption of many of these technologies across all supply chain components have led to robust farmed seafood production."
To take advantage of the expanding global aquaculture market, explore these growth opportunities:
Global Aquaculture Market Growth Opportunities is the latest addition to Frost & Sullivan's Chemicals, Materials & Nutrition research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
About Frost & Sullivan
For over six decades, Frost & Sullivan has helped build sustainable growth strategies for Fortune 1000 companies, governments, and investors. We apply actionable insights to navigate economic changes, 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
PD5D
Contact:
Nicole Ryder
Corporate Communications
SOURCE Frost & Sullivan
Get a daily dose of Asia Bulletin news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Bulletin.
More InformationMOSCOW, Russia: Just hours after his sudden dismissal by President Vladimir Putin, Russia's former transport minister, Roman Starovoit,...
DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
ZAGREB, Croatia: A massive concert by popular Croatian singer Marko Perković, known by his stage name Thompson, has drawn widespread...
WASHINGTON, D.C.: Elon Musk's entry into the political arena is drawing pushback from top U.S. officials and investors, as his decision...
CULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...
WASHINGTON, D.C.: President Donald Trump claimed he was unaware that the term shylock is regarded as antisemitic when he used it in...
LONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...
OTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...
NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...
PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...
NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...