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Aquaculture Market Size & Share to Surpass USD 421.2 Billion by 2030 | Vantage Market Research



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WASHINGTON, March 16, 2023 (GLOBE NEWSWIRE) — Global Aquaculture Market is valued at USD 289.6 Billion in 2022 and is projected to reach a value of USD 421.2 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 5.5% over the forecast period 2023-2030.

Market Overview

One of the main drivers expected to propel the global Aquaculture market throughout the forecast period is the volume of fish caught, which is diminishing quickly. The worldwide Aquaculture business is driven by public awareness of the benefits of fish and its derivation products.

We forecast that the freshwater category in Aquaculture market sales will account for more than 46% of total sales by 2030. Freshwater supports ecosystems and human civilizations, making it essential for life. Many areas of everyday life, such as food security, electricity production, industrial, and cleaning, depend on freshwater.

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Market Dynamics

Expanded Reality Adoption Across the Supply Chain will Increase to Support Market Expansion.
Technology advancements are a crucial trend gaining popularity in the Aquaculture industry. An Australian government research company created an augmented reality (AR) tool that uses cutting-edge swimming pool and animal sensor systems, data modeling, the newest data interactions, tactical awareness, and information retrieval to provide an instantaneous understanding of crucial water quality indicators like pH and dissolved oxygen, among others. As a result, it contributes to increasing the Aquaculture market’s revenue.

Rising Seafood demand is Expected to Propel market growth in the Coming Years
Seafood includes lobsters, crabs, mussels, and occasionally other marine life. It includes aquatic creatures from both salt and freshwater that can be eaten. The rising prices for seafood play a part in the growing significance of Aquaculture in the fish supply. Some varied cultural traditions also place a strong emphasis on eating fish. Fish has an excellent nutritional profile in terms of its beneficial effects on health due to its high levels of protein, vitamins, fatty acids, micronutrients, and minerals.

Top Players in the Global Aquaculture Market

  • Alpha Group Ltd. (Canada)
  • Aquaculture Technologies Asia Limited (Hong Kong)
  • Cermaq Group AS (Mitsubishi Corporation) (Norway)
  • Cooke Aquaculture (Canada)
  • Leroy Seafood Group ASA (LEROY) (Norway)
  • Marine Harvest ASA (Marine) (Norway)
  • Nippon Suisan Kaisha Ltd. (Japan)
  • P/F Bakkafrost (Faroe Islands)
  • ASSAL Group Limited (Australia)
  • Thai Union Group PLC (UNION Thailand)

For Additional Information on Aquaculture Market Players and Detail List, Download a Report PDF Brochure@

Top Trends in Global Aquaculture Market

  • One trend that Vantage Market Research (VMR) expects to see in the Aquaculture industry is the rising use of fish as a meal. The health benefits of omega-3 fatty acids, which are abundant in fish, include lowering the risk of heart attacks, minimizing depression, preventing pediatric pneumonia, and improving brain function. Other necessary minerals and vitamins are also abundant in fish. These variables are expected to raise fish demand, hastening market expansion during the anticipated time.
  • Another trend that VMR predicts will continue in the Aquaculture industry is its increased practices provide a sustainable source of seafood with low gas emissions. Aquaculture is a sustainable farming method when compared to other farming methods. Compared to chicken, pork, and beef, seafood offers higher nitrogen retention and has the smallest feed conversion ratio. Additionally, Aquaculture has fewer emissions of greenhouse gases than other farming methods. The need for animal protein is anticipated to rise dramatically along with the increase in the global population. Sustainable Aquaculture stands out as a viable option in light of the growing attention on finding environmentally sound ways to feed the world’s population. These elements are anticipated to support market expansion.

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Top Report Findings

  • Based on Rearing Product Type, the equipment category controls most of the Aquaculture market’s revenue. To create aquatic organisms and animals, these tools are essential. The need for such equipment is anticipated to increase because of the rising popularity of seafood and the fish drop caught.
  • Based on the Culture, the freshwater category controls most of the Aquaculture market’s revenue. Market revenue is ascribed to Aquaculture’s rapid development as a workable replacement for the uncontrolled fishery. Natural freshwater sources include icecaps, crampons, ice caps, bogs, wetlands, pools, rivers, and streams. Water sources and subsurface streams contain freshwater as well. River, trout, and Westerlund are the three most prevalent types of freshwater fish.
  • Based on Species, most of the Aquaculture market’s revenue is controlled by the aquatic animal category. Any animal, whether a mammal or an invertebrate, that spends all or a large portion of its life in water is considered aquatic. Aquatic creatures are crucial to both the ecosystem and daily life for humans. The fact that aquatic animals are living things that offer humans resources like food, medication, electricity, refuge, and natural resources for daily life makes them important.
  • Based on Product Type, most of the Aquaculture market’s revenue is controlled by the large & medium-scale categories. However, Aquaculture’s economy mostly depends on large and medium-scale operations. They are significantly more numerous than large businesses, employ a sizable workforce, and are typically innovative, helping to create development.

Freshwater Category in Aquaculture Market to Generate Over A Huge Revenue during the Forecast Timeline
For better understanding, based on the culture, the Aquaculture market is divided into Freshwater, Brackish water, and Marine.

During the forecast period, the Aquaculture market is anticipated to experience the highest CAGR for the freshwater category. As a result of artificial freshwater ecosystems created in ponds, raceways, and cages. Raising marine creatures like chinook, mussels, crustaceans, and mussels is called marine water Aquaculture. Sea ranching, intense Aquaculture, and rack & line farming are a few different marine aquaculture types. The kind of fish or shellfish one wants to raise determines which approach to use.

On the other hand, the Marine category is anticipated to grow significantly. Raising marine creatures like fish, crabs, shrimp, and snails are called marine water Aquaculture. Sea ranching, intense farming, and racking & line farming are a few different marine aquaculture types. Which of these approaches is chosen depends on the kind of fish or shellfish that will be raised.

Asia Pacific Region in Aquaculture Market to Generate More most of the Global Revenue
The Asia Pacific region dominates the market throughout the projection period. The demand for businesses in the Asian-Pacific region is influenced by population increase, economic growth, and sociological factors, including traditional fish consumption patterns. The Aquaculture sector is expected to expand rapidly because of the area’s good environment and wealth of natural resources. Now that more space is available for the profession, there is an increasing need for cutting-edge solutions that can assist in producing higher-quality products and increasing the effectiveness of operations.

North America is projected to be the fastest-growing region because the government has supported its growth. Species that have significantly aided in the development of the industry, such as rainbow trout and mollusks, notably hard clams, oysters, and mussels, are also anticipated to fuel future market growth in the region. The North American Aquaculture markets with the highest market shares were those in the United States and Canada.

Browse market data Tables and Figures spread through 149 Pages and in-depth TOC on Aquaculture Market Forecast Report (2023-2030).

Recent Developments in the Global Aquaculture Market

  • In March 2022-For the introduction of Genetically Improved Farmed Tilapia (GIFT) to Nigeria, WorldFish announced that it had reached a fully legal agreement with Premium Aquaculture Limited. Nigeria will be able to form a GIFT-based corporation due to this agreement.
  •  In August 2021-Singapore Aquaculture Technologies received funding from Siemens. Most of the equity investment was made through Siemens Project Ventures GmbH by Siemens Financial Services (SFS), the company’s financing arm. The cooperation of Siemens displays its dedication to being the leading provider of high-end fish products and data- and AI-driven Aquaculture solutions under the BluCurrent brand.

Global Aquaculture Market Segmentation

By Rearing Product Types

  • Equipment
  • Chemicals
  • Pharmaceuticals
  • Fertilizers

By Culture

  • Freshwater
  • Brackish water
  • Marine

By Species

  • Aquatic plants
  • Aquatic animals

By Production Types

  • Small Scale
  • Large & Medium Scale

By Region

  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

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Scope of the Report:    

Report Attributes Details
Market Size in 2022 USD 289.6 Billion
Revenue Forecast by 2030 USD 421.2 Billion
CAGR 5.5% from 2023 to 2030
Base Year 2022
Forecast Year 2023 to 2030
Key Players Alpha Group Ltd., Aquaculture Technologies Asia Limited, Cermaq Group AS (Mitsubishi Corporation), Cooke Aquaculture, Leroy Seafood Group ASA (LEROY), Marine Harvest ASA (Marine), Nippon Suisan Kaisha Ltd., P/F Bakkafrost, ASSAL Group Limited, Thai Union Group PLC
Customization Options Customized purchase options are available to meet any research needs. Explore customized purchase options

Key Questions Answered in the Report:

  • What is the current state of the global aquaculture market, and what are the major trends driving its growth or constraining its development?
  • What are the major types of aquaculture products, and how are they used in various applications such as food, pharmaceuticals, cosmetics, and agriculture?
  • Who are the major players in the aquaculture industry, and what are their strategies for growth and differentiation in the marketplace?
  • What are the major challenges facing the aquaculture industry, such as disease outbreaks, environmental concerns, regulatory issues, and supply chain disruptions?
  • What are the key market opportunities for aquaculture businesses in different regions and market segments, and how can they position themselves for success in these markets?
  • What are the latest technological advancements in aquaculture production, such as automation, genetics, nutrition, and sustainability, and how are they impacting the industry?
  • What are the key factors that will shape the future of the aquaculture industry, such as changing consumer preferences, trade policies, climate change, and innovations in biotechnology?

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We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies.

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Confluence former executive joins fintech Premialab




James Carrington, a former executive at Confluence, Investment Metrics, Style Analytics has joined fintech Premialab. He brings extensive client engagement expertise in investment analytics and data for the institutional investment community.
LONDON, Feb. 27, 2024 /PRNewswire/ — Premialab, the financial data and analytics firm, announced today the appointment of James Carrington as Head of Client Engagement. Mr. Carrington, based in London, will spearhead global client engagement, leveraging over 10 years of experience in driving client engagement gained at Investment Metrics, Style Analytics, and most recently at Confluence, part of the Clearlake Capital Group portfolio. His primary focus will be on enabling faster tailor-made investment analytics delivery and data integration for Premialab’s pension funds, foundations, endowments, and insurance clients.

Adrien Geliot, Co-Founder & Chief Executive Officer of Premialab, said, “I am delighted to welcome James to the team. His appointment confirms our commitment to delivering first-class service to our customers across global locations. His experience in maximizing the value derived from investment analytics will be invaluable in serving our clients as we continue scaling our activities worldwide.”
Commenting on his appointment, James Carrington said, “I am delighted to have joined the Premialab team. Their innovative solution makes a real difference to institutional investors looking at quant investments. The evolution of Premialab over the last number of years has been something that I have followed closely, and I am looking forward to working with the team to further support our customer base across our established and emerging demographics.”
The announcement follows recent senior appointments at Premialab, including Philippe Jacson, former BNP Paribas, Merrill Lynch and MSCI executive; Daniel Fields, former Global Head of Markets at Societe Generale; John Macpherson, former Managing Director at Goldman Sachs, Citibank, and Nomura; Marc Fisher, former Managing Director at Citibank with a prior position at Deutsche Bank; and Georgios Sittas, former Managing Director at HSBC, Standard Chartered, and previously a director at Lehman Brothers.
Recognized as the reference for data and risk analytics on quantitative strategies, Premialab’s capital markets infrastructure is currently used by leading asset managers, insurance companies and pensions funds, accelerating their digitalization and enhancing performance and risk control while reducing costs. The platform’s client AUM is representing an estimated USD$10 trillion.
About Premialab
Premialab is an independent platform providing data, analytics and risk solutions on systematic and factor-based strategies in collaboration with leading investment banks and institutional investors globally. Combining intelligent technology with a unique source of information the platform empowers asset allocators to make better investment decisions whilst achieving utmost time and cost efficiency.
With offices in London, Paris, New York, Hong Kong, Sydney, and Dubai, its international team is dedicated to supporting a global client base with the most up-to-date risk premia dataset, advanced portfolio construction, performance and risk analytics. The firm has established strong partnerships with the top 18 investments banks, global asset managers, pensions funds and insurance companies.

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Axon Technologies and Keyrus Announce Strategic Partnership to Elevate Cybersecurity Business




Keyrus Acquires Minority Stake in Axon Technologies, adding Axon’s Cybersecurity Portfolio to Keyrus Solutions, and Expanding Keyrus Reach across Middle East and Africa
PARIS and DUBAI, UAE, Feb. 27, 2024 /PRNewswire/ — In a significant development in the cybersecurity sector, Keyrus, an international leader in data intelligence and digital transformation, has announced the acquisition of a minority stake in Axon Technologies, a premier provider of cybersecurity services based in Dubai, UAE. This strategic investment marks a major milestone in Keyrus’ cybersecurity strategy, signalling an ambitious step towards establishing a global cybersecurity powerhouse.

Strategic Expansion and Enhanced Cybersecurity Solutions
The collaboration between Keyrus and Axon Technologies is set to revolutionize the cybersecurity landscape in the Middle East and Africa, particularly with Keyrus’ entry into the lucrative Saudi Arabian market. This move enables Keyrus to pursue its investment in a newly formed cybersecurity business, offering enhanced data security solutions to both existing and new clients.
Eric Cohen, Founder and CEO of Keyrus, expressed his enthusiasm: “This investment in Axon Technologies marks a significant step in our cybersecurity strategy. We’re embarking on an exciting journey to amplify our cybersecurity capabilities and establish a world-class global player in this domain. Axon Technologies’ innovative approach to consulting and managed services aligns perfectly with our vision and culture. We eagerly anticipate integrating Axon into our ecosystem to bolster our cybersecurity solutions and address the digital security challenges of our clients.”
Hadi Hosn, CEO of Axon Technologies, also shared his thoughts: “This partnership marks a new era for Axon Technologies, propelling us further in our mission to protect organizations from cyber threats. We admire the Keyrus vision and believe that our combined strengths will lead to disruptive data and cybersecurity solutions, addressing critical challenges in digital identity, application security, API, and data security across various environments and industries.”
Hadi Darwiche, Chairman of DIV Capital & Co-founder of Axon Technologies: “It’s gratifying to see Axon Technologies grow from a concept into a key player in the cybersecurity field. With Keyrus joining forces with us, we anticipate a period of sustained growth, leveraging our combined experience and established reputations. We are confident that together, Axon Technologies will continue to extend its market presence and deliver top-tier solutions.”
Comprehensive Cybersecurity Portfolio and Global Reach
In a relatively short period, Axon Technologies, founded in 2020, has emerged as a beacon of excellence and innovation in the cybersecurity field, demonstrating remarkable growth and agility in its operations. With a revenue of $3.2 million USD in 2023 and a projected substantial increase of the activities, it represents a testament to its robust business model, exceptional service delivery, and the trust clients place in Axon Technologies. The team made of 30 dedicated professionals is its most valuable asset. Axon Technologies commits to growing its team, fostering a culture of innovation, collaboration, and continuous learning.
Axon Technologies, renowned for its expertise in cybersecurity, will now be able to leverage Keyrus global presence and capabilities. With headquarters in Dubai and a significant footprint in the Middle East, Europe and Africa, Axon Technologies is well-positioned to monitor threats and support client cybersecurity programs across these regions effectively. With the backing of Keyrus’s global network, Axon Technologies is poised for unprecedented growth and are dedicated to setting new standards in the cybersecurity landscape.
The partnership is also expected to enhance the offerings of both companies. Axon Technologies’ expertise in Data Security, Cloud Security, DevSecOps and Managed Security Services aligns seamlessly with the Keyrus strategic objectives in digital, data, AI and cloud transformation initiatives.
About Axon Technologies
Axon Technologies offers comprehensive cybersecurity services including consulting, managed security services, engineering, and testing. The company is a leader in addressing critical infrastructure customers’ cybersecurity needs, from strategic consulting to hands-on management and technical security engineering support and managed security services, ensuring a robust and comprehensive approach to cybersecurity. The company’s service portfolio includes:
Technical Security Consulting & Advisory: Guidance and expertise for technical cybersecurity programs.Advanced Security Testing: Rigorous cybersecurity testing across the environment to identify and address vulnerabilities.Security Engineering & Architecture: Designing and implementing robust security architectures across on-premises and cloud environments.Managed Security Services: Ongoing management and support of cybersecurity operations. About Keyrus
Keyrus, an international player in the consulting and technology sectors and a specialist in data and digital technology, is dedicated to helping enterprises take advantage of the data and digital paradigm to enhance their performance, facilitate and accelerate their transformation, and generate new drivers of growth and competitiveness.
Placing innovation at the heart of its strategy, Keyrus develops a value proposition that is unique in the market and centred around five major service groups, each comprised of multiple solutions:
Automation and Artificial IntelligenceHuman-Centric Digital ExperienceData and Analytics enablementCloud and SecurityBusiness transformation and InnovationBuilding on the combined expertise of more than 3,500 employees active across 27 countries and 4 continents, Keyrus is one of the leading international experts in data, consulting and technology.
Keyrus is listed on Euronext Growth Paris. (ALKEY – ISIN Code: FR0004029411 – Reuters: KEYR.PA – Bloomberg: ALKEY: FP).
About DIV Capital
DIV Capital, originally starting as a family office, now operating as a strategic investment holding firm, specializing in bespoke advisory services. The firm focuses on fortifying family capital through comprehensive offerings that encompass support for early-stage enterprises, strategic asset allocation, and robust governance infrastructure development. The firm operates out of Geneva and Dubai and provides three core services:
Family Asset Support: Tailored support to construct an asset allocation that meets wealth goals.Family Financial Sponsorship: Reinforcement for family-operated businesses, aimed at fostering enduring value creation.Governance and Reporting: Consultation on governance frameworks and the enhancement of reporting standards for comprehensive asset oversight.Forward Looking Statements
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Axon Technologies, Keyrus or DIV Capital do not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will the companies and the affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.
Contact: [email protected]
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NDC Group and Valantic form a strategic partnership in EPM solutions




PRAGUE, Feb. 27, 2024 /PRNewswire/ — NDC Group, a leading company in enterprise performance management (EPM) consultancy and data analytics is pleased to announce a strategic partnership with valantic, renowned digital solutions, consulting, and tech innovation company. Through this partnership, the companies aim to offer a joint portfolio of solutions and services in SAP planning and analytics.

Central to this collaboration is the delivery of NDC Financial Consolidation, which offers an automated and streamlined approach to legal and managerial consolidation. While the solution draws inspiration from the concept and functions of previously popular SAP consolidation solutions, it utilizes the modern technologies to enhance automation, performance, user experience, and seamless data integration.
The partnership also gives the chance to offer additional products, including SAC workforce planning content, SAP BusinessObjects migration accelerators, and pre-built content for SAC financial planning. Overall, the combined expertise and product offering enhance the ability of both companies to support customers in driving data-driven transformations within their organizations.
Stefan Blinkmann, Head of SAP Analytics at valantic, emphasizes: “We are very pleased about our new partnership, and we are convinced that our customers will benefit greatly from it. Above all, the NDC Group’s products create added value in the area of consolidation based on SAP Analytics Cloud, and they expand valantic’s range of services. An integrated solution for reporting, planning, and consolidation in SAP Analytics Cloud provides multiple benefits for our customers and enables them to streamline their system landscape.”
Karel Jirik, Head of Products at NDC Group, is also convinced of the benefits of this collaboration: “Our partnership with valantic is an excellent opportunity to leverage the synergies between our teams to streamline and transform our customers’ data landscape. The jointly offered EPM solutions enable precise and swift decision-making and enhance operational efficiency, crucial elements in today’s competitive landscape. I’m particularly pleased we found a lot of commonalities with valantic, and I am convinced together we can deliver better solutions in a shorter time.”
Vladislav Stefanak, CEO of NDC Group, reflects on the partnership’s potential: “This partnership embodies my vision of equipping our clients with advanced functionalities reminiscent of those found in SAP BPC and SAP Financial Consolidation, yet significantly enhanced by leveraging top-tier SAP technologies. Our collaboration with valantic commenced with remarkable synergy from the outset, underpinned by their extensive expertise and knowledge base.”
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