Precision Aquaculture Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029 Segmented By Farm Type (Open Aquaculture Farms and RAS Farms), By System Type (Smart Feeding Systems, Monitoring and Control Systems, Underwater Remotely Operated Vehicle Systems, Others), By Application (Feed Optimization, Monitoring and Surveillance, Yield Analysis and Measurement, Others), By Region and Competition

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Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 552.36 Million

CAGR (2024-2029)

8.64%

Fastest Growing Segment

RAS Farms

Largest Market

Asia Pacific

 

Market Overview

Global Precision Aquaculture Market was valued at USD 552.36 Million in 2023 and is anticipated to project impressive growth in the forecast period with a CAGR of 8.64% through 2029. Precision aquaculture, also referred to as innovative or high-tech aquaculture, encompasses the breeding and production of aquatic species, including fish, shrimp, and other seafood, through the implementation of advanced technologies, data analytics, automation, and meticulous management strategies. The primary objective of precision aquaculture is to optimize the efficiency, sustainability, and profitability of aquaculture operations, while simultaneously mitigating environmental impacts and ensuring the well-being of aquatic organisms. Various technology-driven and data-oriented approaches are employed in precision aquaculture to monitor and regulate crucial factors that influence aquaculture output, such as water quality, temperature, dissolved oxygen levels, and nutrition. These factors are monitored using sensors, cameras, and environmental monitoring systems, and the resulting data is subjected to analysis through data analytics and artificial intelligence (AI) algorithms to facilitate informed decision-making.

Key Market Drivers

Rising Yields of Aquaculture

The need for increased production to meet the rising global demand for seafood is driving the industry towards more efficient and sustainable methods. Precision Aquaculture, a technology-driven approach to fish farming, is expected to play a decisive role in this transformation. The use of data-driven technologies such as IoT sensors, AI, robotics, and machine learning enables precise monitoring and management of aquaculture farms. These technologies provide real-time information on water quality, nutrition, health status, and environmental conditions, enabling farmers to optimize yields and reduce waste.

As global aquaculture yields continue to rise, the demand for precision aquaculture is also set to increase. Farmers will require precise management tools to handle larger volumes of production, and the use of advanced technology will become critically important. Moreover, the increasing pressure to reduce the environmental impact of aquaculture will further drive the demand for precision methods.  The expected rise in aquaculture yields globally is likely to increase the need for precision aquaculture. The ability to monitor and manage fish farms with an unprecedented level of precision will help meet the growing demand for seafood while ensuring ecological sustainability.

Increasing Demand for High-Quality & Sustainable Seafood

The escalating demand for high-quality and sustainable seafood worldwide is anticipated to provide a significant boost to the global precision aquaculture market. As conscious consumers increasingly lean towards sustainable practices, the fishing industry finds itself pivoting to accommodate these preferences. Precision aquaculture, with its technology-driven, data-oriented approach, allows for maximized productivity while minimizing environmental impact. It offers precise control over feeding, disease management, and waste reduction, thereby helping to maintain the ecological balance. As a result, it ensures the consistent supply of high-quality seafood that meets stringent sustainability standards, thereby satisfying consumer demand. Furthermore, precision aquaculture holds great promise in addressing overfishing issues and preserving the biodiversity of our oceans. Its efficient and sustainable practices could be instrumental in feeding the growing global population without depleting fish stocks or damaging aquatic ecosystems. Therefore, the heightened demand for sustainable, high-quality seafood is set to fuel the growth of precision aquaculture on a global scale.

Rise in Adoption of Automated Feeding Systems

The global demand for precision aquaculture is set to rise due to an increase in the adoption of automated feeding systems. These advanced systems allow for precise monitoring and control of feed amounts, reducing waste and promoting healthier, faster-growing aquatic species. Automated feeding systems also alleviate the manual labor traditionally associated with feeding, allowing for scalable operations even in larger or more complex aquaculture setups. The data collected from these systems enables fish farmers to make well-informed decisions about feeding times, amounts, and types of feed, contributing to the overall efficiency and productivity of aquaculture operations. Furthermore, with growing global food demands and the need to reduce environmental impact, precision aquaculture, facilitated by automated feeding systems, offers a sustainable solution. By ensuring optimal feed utilization, it can also contribute to improved fish health and growth, and reduced disease prevalence, thereby impacting the quality and quantity of yield. Thus, the rise in the adoption of these automated systems is likely to have a significant positive impact on the international demand for precision aquaculture.

Increasing Government Support for Development of Aquaculture Infrastructure

The global precision aquaculture market is projected to experience significant growth due to increasing government support for the development of aquaculture infrastructure. Governments worldwide are recognising the potential of precision aquaculture both as a means to boost their domestic seafood production and as a method to achieve sustainability in the sector. They are investing in sophisticated monitoring and feeding systems, IoT devices, and AI technologies to optimise the efficiency and productivity of aquaculture practices. This, in turn, is expected to drive the demand for precision aquaculture. These advancements allow for the accurate monitoring of aquatic species, ensuring their health and wellbeing, which ultimately leads to improved yield. Enhanced infrastructure also mitigates risks associated with traditional aquaculture such as disease outbreak and environmental impacts, thereby promoting the sustainable growth of the industry.

Furthermore, government incentives and subsidies to adopt these advanced technologies make precision aquaculture an appealing option for producers. This preferential treatment not only increases the accessibility of such technologies but also encourages their adoption, increasing their demand globally. As such, the role of government in advancing aquaculture infrastructure is pivotal to the growth and expansion of the precision aquaculture market worldwide.


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Key Market Challenges

Lack of Technology Trend Awareness

In the realm of precision aquaculture, staying abreast of technological trends is nothing short of indispensable. The lack of this awareness can lead to a significant decline in demand globally. Precision aquaculture thrives on innovative tools and advanced machinery for monitoring and managing aquatic populations, ensuring optimal growth conditions, and maintaining environmental sustainability. Failure to keep up with these technological advancements can lead to inefficiencies, a decrease in production quality, and a loss of competitive edge. The subsequent impact on the global market could be detrimental, with consumers becoming increasingly discerning about the quality and sustainability of their seafood. In regions where technological trends are not closely followed, traditional farming methods may fail to meet these changing consumer expectations, leading to a decrease in demand. Furthermore, the absence of technology trend awareness could obstruct the adoption of new methodologies such as AI-driven data analysis, IoT-enabled devices for real-time monitoring, and other digital interventions that modernize aquafarming. Ultimately, the global precision aquaculture market could experience a significant contraction as a result of this discrepancy in technological awareness.

Limited Availability of Skilled Workforce

The burgeoning field of Precision Aquaculture, which applies advanced technologies to enhance fish farming efficiency and productivity, is facing a key challenge that could temper global demand: the limited availability of skilled workforce. As an emerging sector, Precision Aquaculture requires specialized knowledge and expertise to manipulate sophisticated systems, including IoT, AI, machine learning, and big data analytics. However, the current labor pool falls short in these areas. This shortage poses a significant hurdle for the growth of the industry, as the technology's effectiveness is contingent on apt handling and interpretation of data for decision-making. Across the globe, many regions lack the educational infrastructure to train a new generation of skilled workers for this progressive industry. Furthermore, the high cost of training can deter potential workers, decreasing the incentive to join this sector. This scarcity of skilled labor, in turn, may reduce the demand for Precision Aquaculture technologies, as potential adopters may be deterred by the challenges of implementing and managing these complex tools. Thus, while Precision Aquaculture holds significant potential, the limited availability of skilled workforce is a critical factor that may hinder the sector's expansion on a global scale.

Key Market Trends

Surging Popularity of Land-Based Recirculating Aquaculture Systems

The increasing popularity of Land-Based Recirculating Aquaculture Systems (RAS) is ushering in a new era for precision aquaculture worldwide. RAS, which allows for a highly controlled environment, minimizes the uncertainties associated with traditional aquaculture, thus making precision fish farming attainable. Precision aquaculture, which leverages cutting-edge technologies such as IoT, AI, and data analytics, allows for real-time monitoring and optimization of farming conditions. This budding technology not only increases farming efficiency, but also supports sustainable fish farming by reducing environmental impacts. The integration of RAS with precision aquaculture can significantly enhance fish yields, quality, and profitability. As more farmers adopt RAS, the demand for precision aquaculture solutions is expected to skyrocket. This trend aligns with the growing global emphasis on sustainability and food security. In a world where fish consumption is increasing, the combination of RAS and precision aquaculture offers a promising solution to meet this rising demand sustainably. Therefore, the surge in RAS popularity is likely to drive a significant increase in the global demand for precision aquaculture.

Surging Adoption of Advanced Technologies in Precision Aquaculture Industry

The Precision Aquaculture industry is on the cusp of a transformative change with the surging adoption of advanced technologies. Innovations like Artificial Intelligence (AI), Internet of Things (IoT), and advanced sensors are enabling fish farmers to monitor and manage their stocks with unprecedented precision, thereby enhancing productivity and sustainability. AI algorithms are capable of predicting diseases and feeding patterns, enabling timely interventions and reducing waste. IoT devices and sensors facilitate real-time monitoring of water quality parameters such as temperature, pH, and dissolved oxygen levels, significantly lowering the risk of mass fish deaths due to environmental stress. Furthermore, advanced technologies such as remote sensing and satellite imagery are providing insights into larger environmental factors influencing aquaculture, such as ocean currents and temperature profiles. These advancements are not only increasing yield and reducing losses, but are also driving sustainability by minimizing the environmental impact of aquaculture practices. Consequently, the demand for Precision Aquaculture is anticipated to rise globally, as fish farmers around the world recognize the immense potential of these technologies to revolutionize their operations and contribute towards achieving global food security.

Segmental Insights

Farm Type Insights

Based on the Farm Type, Recirculating Aquaculture Systems (RAS) farms are currently dominating over open aquaculture farms. RAS farms, which reuse water in a controlled environment, offer several advantages, such as disease control, year-round production, and environmental sustainability. The controlled environment of RAS farms allows for optimal water quality management, minimizing the risk of disease outbreaks and ensuring the health of the aquatic species. Furthermore, the ability to operate year-round regardless of external weather conditions enables consistent production and supply of aquaculture products. In terms of environmental sustainability, RAS farms reduce the environmental impact by minimizing water usage and nutrient discharge, making them a more sustainable choice compared to traditional open aquaculture farms. These benefits, coupled with continuous technological advancements in water treatment, automation, and monitoring systems, have led to an increased adoption of RAS farms worldwide, thus driving their dominance in the precision aquaculture market. As the demand for high-quality and sustainable seafood continues to rise, RAS farms are poised to play a crucial role in meeting these needs and shaping the future of aquaculture.

Application Insights

Based on the Application, Feed Optimization has emerged as a dominant segment in the aquaculture industry. This can be attributed to the growing need for cost-effective and efficient fish farming practices. With the use of advanced technologies in feed optimization, aquaculture operations can achieve optimal feed quantity, reducing wastage and enhancing overall productivity. By precisely calculating the nutritional requirements of the fish, feed optimization ensures that they receive the right balance of nutrients, promoting their growth and health. This not only benefits the farmers by reducing costs and maximizing yields but also contributes to sustainable and responsible aquaculture practices.


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Regional Insights

The Asia-Pacific region currently dominates the Global Precision Aquaculture Market, driven by the rapid technological advancements and substantial investment in aquaculture technologies in countries such as China and Japan. The region's leading position is further reinforced by the increasing demand for seafood, as well as the growing awareness and need for sustainable farming practices to meet this demand. The favorable climatic conditions, abundant water resources, and government initiatives supporting aquaculture development also contribute to the thriving aquaculture industry in the Asia-Pacific region. With its rich biodiversity and vibrant market, this region continues to be at the forefront of innovation and growth in the precision aquaculture sector.

Recent Developments

  • In November 2020, Innovasea Systems, an industry leader, introduced the V3 acoustic telemetry transmitters, which are the smallest fish monitoring tags available.
  • In November 2020, AKVA company and Nordic Aqua Ningbo reached an agreement for the delivery of a complete RAS facility located south of Shanghai. The project is expected to produce 8,000 tons of product by 2026. Additionally, Daikin introduced the portable air conditioner "Carrime" in 2020, leveraging the Daikin Launch X innovation platform.

Key Market Players

  • AKVA Group
  • InnovaSea Systems, Inc.
  • Steinsvik Group AS
  • Deep Trekker Inc.
  • Eruvaka Technologies Pvt Ltd
  • AKUAKARE-Aquaculture Ltd
  • Aquamaof Aquaculture Technologies Ltd
  • Aquabyte, Inc.
  • Bluegrove AS
  • Maritech Systems AS

 

By Farm Type

By System Type

 

By Application

By Region

  • Open Aquaculture Farms
  • RAS Farms
  • Smart Feeding Systems
  • Monitoring and Control Systems
  • Underwater Remotely Operated Vehicle Systems
  • Others
  • Feed Optimization
  • Monitoring and Surveillance
  • Yield Analysis & Measurement
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Precision Aquaculture Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Precision Aquaculture Market, By Farm Type:

o   Open Aquaculture Farms

o   RAS Farms

  • Precision Aquaculture Market, By System Type:

o   Smart Feeding Systems

o   Monitoring and Control Systems

o   Underwater Remotely Operated Vehicle Systems

o   Others

  • Precision Aquaculture Market, By Application:

o   Feed Optimization

o   Monitoring and Surveillance

o   Yield Analysis & Measurement

o   Others

  • Precision Aquaculture Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Precision Aquaculture Market.

Available Customizations:

Global Precision Aquaculture market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Precision Aquaculture Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validations

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

3.6.  Voice of Customer

4.    Global Precision Aquaculture Market Outlook

4.1.  Market Size & Forecast

4.1.1.    By Value

4.2.  Market Share & Forecast

4.2.1.    By Farm Type (Open Aquaculture Farms and RAS Farms)

4.2.2.    By System Type (Smart Feeding Systems, Monitoring and Control Systems, Underwater Remotely Operated Vehicle Systems, Others)

4.2.3.    By Application (Feed Optimization, Monitoring and Surveillance, Yield Analysis & Measurement, Others)

4.2.4.    By Region

4.2.5.    By Company (2022)

4.3.  Market Map

5.    North America Precision Aquaculture Market Outlook

5.1.  Market Size & Forecast       

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Farm Type

5.2.2.    By System Type

5.2.3.    By Application

5.2.4.    By Country

5.3.  North America: Country Analysis

5.3.1.    United States Precision Aquaculture Market Outlook

5.3.1.1.        Market Size & Forecast

5.3.1.1.1.           By Value

5.3.1.2.        Market Share & Forecast

5.3.1.2.1.           By Farm Type

5.3.1.2.2.           By System Type

5.3.1.2.3.           By Application

5.3.2.    Canada Precision Aquaculture Market Outlook

5.3.2.1.        Market Size & Forecast

5.3.2.1.1.           By Value

5.3.2.2.        Market Share & Forecast

5.3.2.2.1.           By Farm Type

5.3.2.2.2.           By System Type

5.3.2.2.3.           By Application

5.3.3.    Mexico Precision Aquaculture Market Outlook

5.3.3.1.        Market Size & Forecast

5.3.3.1.1.           By Value

5.3.3.2.        Market Share & Forecast

5.3.3.2.1.           By Farm Type

5.3.3.2.2.           By System Type

5.3.3.2.3.           By Application

6.    Europe Precision Aquaculture Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Farm Type

6.2.2.    By System Type

6.2.3.    By Application

6.2.4.    By Country

6.3.  Europe: Country Analysis

6.3.1.    Germany Precision Aquaculture Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Farm Type

6.3.1.2.2.           By System Type

6.3.1.2.3.           By Application

6.3.2.    United Kingdom Precision Aquaculture Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Farm Type

6.3.2.2.2.           By System Type

6.3.2.2.3.           By Application

6.3.3.    Italy Precision Aquaculture Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Farm Type

6.3.3.2.2.           By System Type

6.3.3.2.3.           By Application

6.3.4.    France Precision Aquaculture Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Farm Type

6.3.4.2.2.           By System Type

6.3.4.2.3.           By Application

6.3.5.    Spain Precision Aquaculture Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Farm Type

6.3.5.2.2.           By System Type

6.3.5.2.3.           By Application

7.    Asia-Pacific Precision Aquaculture Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Farm Type

7.2.2.    By System Type

7.2.3.    By Application

7.2.4.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Precision Aquaculture Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Farm Type

7.3.1.2.2.           By System Type

7.3.1.2.3.           By Application

7.3.2.    India Precision Aquaculture Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Farm Type

7.3.2.2.2.           By System Type

7.3.2.2.3.           By Application

7.3.3.    Japan Precision Aquaculture Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Farm Type

7.3.3.2.2.           By System Type

7.3.3.2.3.           By Application

7.3.4.    South Korea Precision Aquaculture Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Farm Type

7.3.4.2.2.           By System Type

7.3.4.2.3.           By Application

7.3.5.    Australia Precision Aquaculture Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Farm Type

7.3.5.2.2.           By System Type

7.3.5.2.3.           By Application

8.    South America Precision Aquaculture Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Farm Type

8.2.2.    By System Type

8.2.3.    By Application

8.2.4.    By Country

8.3.  South America: Country Analysis

8.3.1.    Brazil Precision Aquaculture Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Farm Type

8.3.1.2.2.           By System Type

8.3.1.2.3.           By Application

8.3.2.    Argentina Precision Aquaculture Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Farm Type

8.3.2.2.2.           By System Type

8.3.2.2.3.           By Application

8.3.3.    Colombia Precision Aquaculture Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Farm Type

8.3.3.2.2.           By System Type

8.3.3.2.3.           By Application

9.    Middle East and Africa Precision Aquaculture Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Farm Type

9.2.2.    By System Type

9.2.3.    By Application

9.2.4.    By Country

9.3.  MEA: Country Analysis

9.3.1.    South Africa Precision Aquaculture Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Farm Type

9.3.1.2.2.           By System Type

9.3.1.2.3.           By Application

9.3.2.    Saudi Arabia Precision Aquaculture Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Farm Type

9.3.2.2.2.           By System Type

9.3.2.2.3.           By Application

9.3.3.    UAE Precision Aquaculture Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Farm Type

9.3.3.2.2.           By System Type

9.3.3.2.3.           By Application

10. Market Dynamics

10.1.  Drivers

10.2.  Challenges

11. Market Trends & Developments

11.1.             Recent Development

11.2.             Mergers & Acquisitions

11.3.             Product Launches

12. Global Precision Aquaculture Market: SWOT Analysis

13. Porter’s Five Forces Analysis

13.1.             Competition in the Industry

13.2.             Potential of New Entrants

13.3.             Power of Suppliers

13.4.             Power of Customers

13.5.             Threat of Substitute Products

14. Competitive Landscape

14.1.             AKVA Group

14.1.1. Business Overview

14.1.2. Product Offerings

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. SWOT Analysis

14.2.             InnovaSea Systems, Inc.

14.3.             Steinsvik Group AS

14.4.             Deep Trekker Inc.

14.5.             Eruvaka Technologies Pvt Ltd

14.6.             AKUAKARE-Aquaculture Ltd

14.7.             Aquamaof Aquaculture Technologies Ltd

14.8.             Aquabyte, Inc.

14.9.             Bluegrove AS

14.10.          Maritech Systems AS

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Precision Aquaculture Market was estimated to be USD 552.36 Million in 2023.

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Feed optimization is a dominant segment in the global precision aquaculture market. This is due to the increasing demand for cost-effective and efficient fish farming practices. Advanced technologies in feed optimization enable optimal feed quantity, reducing wastage and boosting overall productivity in aquaculture operations.

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The Asia-Pacific region leads the Global Precision Aquaculture Market. Technological advancements and investment in aquaculture technologies, particularly in China and Japan, drive its dominance. The region's market growth is fueled by the rising demand for seafood and the need for sustainable farming practices to meet this demand.

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Increasing demand for high-quality & sustainable seafood and rise in adoption of automated feeding systems are the major drivers for the Global Precision Aquaculture Market.

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Sakshi Bajaal

Business Consultant
Press Release

Precision Aquaculture Market to Grow with a CAGR of 8.64% through 2029

Feb, 2024

Rise in adoption of automated feeding systems and increasing government support for development of aquaculture infrastructure is expected to drive the Global Precision Aquaculture Market growth in th

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