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Europe Aquaculture Market 2020 to 2027: Industry Size, Share, Growth, Trends, Strategies, Analysis and Forecast

Aquaculture involves the controlled agriculture or cultivation of organisms in salt water, brackish water or freshwater for the purpose of food production. Aquaculture products have other connections, such as the pharmaceutical or cosmetics industry.

By SMN Bureau
The Europe Aquaculture market is accounted to US$ 10,345.4 Mn in 2019 and is expected to grow at a CAGR of 5.3% during the forecast period 2020 – 2027, to account to US$ 16,311.8 Mn by 2027.
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The Europe Aquaculture market is accounted to US$ 10,345.4 Mn in 2019 and is expected to grow at a CAGR of 5.3% during the forecast period 2020 – 2027, to account to US$ 16,311.8 Mn by 2027.

Aquaculture, also called aquaculture, is the culture of fish, crustaceans, molluscs, aquatic plants, algae and other organisms. Aquaculture involves the cultivation of freshwater and saltwater populations under controlled conditions, as opposed to commercial fishing, which is the harvest of wild fish.

Aquaculture involves the controlled agriculture or cultivation of organisms in salt water, brackish water or freshwater for the purpose of food production. Aquaculture products have other connections, such as the pharmaceutical or cosmetics industry.

The food and beverage industry is all companies involved in the processing, packaging and distribution of raw food ingredients. This includes fresh cooked and packaged foods, alcoholic and non-alcoholic beverages.

The Europe Aquaculture market is growing along with the food and beverage industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

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The consumption of seafood has been a part of traditional food in many regions. The popularity of fish is due to its several nutritional benefits. Fish is a good source of vitamins, fatty acids, protein, minerals, and other essential nutrients. According to the Food and Agriculture Organization (FAO) prediction, in the coming 15 years, the fish consumption by a human is expected to increase by 50%. The mainly consumed fish species in Europe are tuna, salmon, cod, shrimps, and Alaska Pollock. According to the European Commission, in 2018, the per capita fish consumption in the EU has reached to 24.33 kg. The per capita consumption of fish had increased by 3% more than that in 2015. Thus, the increasing consumption of fish is expected to have a positive impact on the Europe aquaculture market.

 These factors are expected to offer broad growth opportunities in the food and beverage industry and this is expected to cause the demand for Bacteriophage assays in the market.

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EUROPE AQUACULTURE MARKET SEGMENTATION

By Species        

  • Aquatic Plants
  • Fish
  • Crustaceans
  • Molluscs
  • Others

By Nature

  • Land based
  • Offshore

By Culture Environment

  • Fresh water
  • Brackish water
  • Marine

By Country

  • Germany
  • France
  • Italy
  • UK
  • Norway
  • Russia
  • Rest of Europe

 

Company Profiles

  • Bakkafrost
  • Cermaq Group AS
  • Cooke Aquaculture Inc.
  • Danish Salmon A/S
  • FIFAX AB
  • HESY AQUACULTURE B.V.
  • Lerøy
  • Mowi ASA
  • NIRI AS
  • Selonda Aquaculture SA
  • Stolt-Nielsen Limited
  • Thai Union Group PCL

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