Press Release

Ocean Farming Market Growth to be supported by the rise in Aquatic Animals through 2028

Rising preference of aquatic foods among people to drive the growth of global ocean farming market in the forecast period, 2024-2028.


According to TechSci Research report, “Ocean Farming Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, the global ocean farming market is anticipated to grow at a significant rate in the forecast period, 2024-2028. The rise in demand for protein-rich food is expected to drive the global ocean farming market. Furthermore, rising demand for sustainable method for growing crops is fueling the demand for the global ocean farming market. Additionally, ocean farming helps in protecting marine ecosystem by absorbing the formation of marine dead zones, and by reducing local ocean acidification. Thus, in turn, augmenting the growth of the ocean farming market, globally. For instance, kelp in waterbodies help to capture nitrogen and phosphorus which wind up in ocean though agricultural runoffs, which turn into liquid fertilizers.

However the dearth for skilled operators for effective management of complex systems, lower production of food by the ocean farming technique and lack of awareness among people may likely hamper the growth of the market in the forecast period.


Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Ocean Farming Market"

The global ocean farming market is segmented into product type, and culture system.


Based on product type, the market is divided into aquatic animals, aquatic plants, and land base plants. Aquatic animals are further subcategorized into marine fish, shrimps, tilapia, crustaceans, molluscs, and others. Aquatic plants are further categorized into seaweeds, microalgae, and others. Land based plants segment are further bifurcated into strawberries, orchids, basil, lettuce, and others. The aquatic animals segment is expected to grow during the forecast period. This is ascribed to the rising demand for protein rich food and growing awareness about the nutritious value.

Based on culture system, the market is categorized into enclosed sections of the open ocean, farms built on coastal waters, and artificial tanks or ponds. The artificial tanks or ponds is likely to dominate the market over the forecast period. This is attributed to ability to control the climatic conditions and growing adoption of advanced technologies and tools.


Major companies operating in global ocean farming market are:

  • Ocean Reef Group
  • Alora (Agrisea)
  • Innovasea Systems Inc.
  • Open Ocean Farming
  • Ocean Farming AS, (SalMar Group)
  • Sea6 Energy Pvt. Ltd.
  • Atlantic Ocean Aquaculture (AOA)
  • Coastal Shellfish Corporation
  • Ocean Rainforest
  • SalMar Aker Ocean


Download Free Sample Report

Customers can also request for 10% free customization on this report.


“North America Ocean Farming Market is expected to dominate in the coming years due to the surge in the number of start-ups emerging out of the region, especially in the United States for development of ocean farming practice. The rising demand for seafood, presence of advanced solutions and systems, societal behaviors, and rising support from the government is surging the growth of the market. Also, the rising awareness to grow crops through a sustainable method to produce food is expected to propel the global ocean farming market growth till 2028” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Ocean Farming Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Product Type (Aquatic Animals, Aquatic Plants, Land Base Plants), By Culture System (Enclosed Sections of the Open Ocean, Farms Built on Coastal Waters, Artificial Tanks or Ponds), By Region and Competition”, has evaluated the future growth potential of global ocean farming and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global ocean farming market.


Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: 
[email protected]
Website: 
https://www.techsciresearch.com

Relevant News