According to the latest report by IMARC Group, “Norway Aquaculture Market Growth, Share, Size, Industry Trends, Opportunity and Forecast 2022-2027“, the Norway aquaculture market is expected to exhibit a CAGR of 3.54% during 2022-2027.
Aquaculture is an activity of cultivation of aquatic animals and plants in a pond, floating cage, tank, and other water bodies. It also maintains stocks of existing fish through transplantation and artificial recruitment. This procedure also involves the production of Bait fish for sport and commercial fishery.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
| Report Metric |
| Historical: 2016-2021 |
| Base Year: 2021 |
| Forecast Year: 2022-2027 |
Norway Aquaculture Market Trends and Drivers:
One of the primary factors driving the market is the extensive adoption of seafood due to the rising awareness of the health benefits associated with it. Additionally, the rising demand for exporting seafood to other countries is also propelling the market growth. Besides this, the ideal climatic conditions for cultivating aquatic animals and plants are catalyzing the market growth.
Along with this, the utilization of innovative technologies by market players to assure sustainable growth is creating a positive market outlook. Moreover, the inflating disposable income levels of the masses, the rising support by the government of Norway to promote aquaculture, and the extensive investment in research and development (R&D) activities are factors strengthening the market growth.
Norway Aquaculture Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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The report has segmented the market on the basis of region, fish type, environment and distribution channel.
Breakup by Fish Type:
- Freshwater Fish
- Molluscs
- Crustaceans
- Others
Breakup by Environment:
- Fresh Water
- Marine Water
- Brackish Water
The Breakup by Distribution Channel:
- Traditional Retail
- Supermarkets and Hypermarkets
- Specialized Retailers
- Online Stores
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Key Questions Answered in This Report:
- How has the Norway aquaculture market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Norway aquaculture market?
- What are the key regional markets?
- What is the breakup of the market based on the fish type?
