The Global Aquaculture Market Witnesses Growth as the Demand for Protein Surges

Sep 20, 2022

SAN ANTONIO,- The rising world population and growing protein demand drive the global aquaculture sector. The industry is a sustainable means to supply and feed the population with environment-friendly protein products. Frost & Sullivan's recent analysis, Global Aquaculture Market Growth Opportunities, finds that innovation in aquaculture technologies and smart farming methodologies are revolutionizing the sector and generating additional revenue streams. The market is expected to garner $415.82 billion in revenue by 2030 from $284.63 billion in 2021, an uptick at a compound annual growth rate (CAGR) of 4.3%.

"The aquaculture industry has fully recovered from the pandemic after facing the most intense impact in the first half of 2020," said Akheela Dhiman, Chemicals, Materials & Nutrition Research Analyst at Frost & Sullivan. "Further, the reopening of hotel, restaurant, and café (HORECA) in the second half and recovery in global household demand revived the industry."

Dhiman added: "Increasing investment in smart farming and other technologies will provide detailed information on the nutrition, health, and environment of the species on the farm and will generate additional revenue streams. Additionally, the development and adoption of many of these technologies across all supply chain components have led to robust farmed seafood production."

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Border View Farms is a mid-sized family farm that sits on the Ohio-Michigan border. My name is Nathan. I make and edit all of the videos posted here. I farm with my dad, Mark and uncle, Phil. Our part-time employee, Brock, also helps with the filming. 1980 was our first year in Waldron where our main farm is now. Since then we have grown the operation from just a couple hundred acres to over 3,000. Watch my 500th video for a history of our farm I filmed with my dad.

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