Global Mariculture Market - Industry Trends
Data Bridge Market Research analyses that the mariculture market will project a compound annual growth rate (CAGR) of 1.80% during the forecast period of 2022-2029 and is likely to reach USD 473.98 million in 2029.
Mariculture is a part of cultivation business, which reinforces the assembly of food through rearing of fishes in brine condition or marine cultivation. It's reared in an interior section of the ocean, or in tanks, cages secured ponds or raceways.
Changes in the food consumption pattern of people worldwide is the major factor accelerating the growth of the mariculture market. Furthermore, expansion of retail market and easy availability of the product through various sales channel make it convenient for consumers to purchase packaged aquaculture and commercial seafood, which generate significant revenue are also expected to drive the growth of the mariculture market. However, rise in the adoption of veganism and stringent law implemented against animal cruelty and presence of multiple viruses through effluents in coastlines restrains the mariculture market, whereas, inland aquaculture, international maritime borders, countries without coastlines, worker safety, chances of diseases through keeping fish in close proximity will challenge market growth.
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