The global aquaculture net enclosure culture market is anticipated to grow at a CAGR of 4.8% during the forecast period (2022-2028). Net enclosure culture in aquaculture also known as caged aquaculture is the process of growing fishes in existing water sources while being enclosed in a net or cage allowing free flow of water. The major factor attributing to the growth of the global aquaculture net enclosure culture market includes the increasing use of net enclosure culture in aquaculture to produce fore fishes due to the increasing consumption of seafood across the globe. According to the Agriculture Outlook report published by the Organization for Economic & Cooperation Development (OECD) in 2021, it is estimated that around 90% of total fish production will be consumed as food by 2029. The fish for human consumption is estimated to increase by 16.3% and reach around 180 million tonnes by 2029 with the addition of 25 million tonnes. Thus, increasing the process of net enclosure culture in aquaculture.
The use of net enclosure culture in aquaculture is also increasing due to the growing aquaculture industry across the globe. According to the Food and Agricultural Organization of the United Nations (FOA), aquaculture production is estimated to reach around 109 million tonnes across the globe by 2030. Among these, the Asia-Pacific region is expected to be responsible for a major share of the aquaculture industry representing more than 89% of the total increase in production by 2030. Furthermore, the use of net enclosure culture in aquaculture is also increasing due to several benefits of net enclosure culture. The benefits include net enclosure can be done in various water sources including lakes, reservoirs, ponds, streams, and rivers. Another benefit includes low investment as compared to artificial aquaculture as the harvesting is simplified. Thus, contributing to the growth of the global aquaculture net enclosure culture market.
Some major players in the market include Selstad AS, AquaMaof Aquaculture Technology Ltd., Garware Technical Fibers, AKVA Group, and Badinotti Group S.P.A., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2019, Atlantic Sea Farms launched new products in the US. The new products include Sea-chi, seaweed kimchi, seaweed salad, and se-beet kraut.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Selstad AS, AquaMaof Aquaculture Technology Ltd., Garware Technical Fibers, AKVA Group, Badinotti Group S.P.A., among others.
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Global Aquaculture Net Enclosure Culture Market Report by Segment
By Type
- Freshwater Cage
- Marine Water Cage
- Brackish Water Cage
By Application
- Fish
- Molluscs
- Crutaceans
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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