Marine Aquaculture Market Set for Significant Growth: Projected to Reach USD 300 Billion by 2032
The marine aquaculture market, encompassing the cultivation of marine organisms in oceanic or enclosed seawater systems, is on the brink of substantial growth. According to recent projections, the market is expected to grow from approximately USD 176.8 billion in 2024 to an impressive USD 300 billion by 2032, achieving a
Canned Sardines: A Surprisingly Lucrative Bite-Sized Business Boom
Move over tuna, there’s a new king of the canned fish aisle, and it’s swimming in a wave of popularity. The humble sardine, packed with nutrients and flavor, is experiencing a surge in demand, turning the canned sardine market into a surprisingly lucrative business opportunity. According to a recent study
New Study : India’s Seafood Consumption Projected to Double by 2048
A new study paints a promising picture for India’s seafood industry, predicting a significant rise in fish consumption within the next two and a half decades. The “Fish Consumption in India: Patterns and Trends” Study This research, conducted jointly by ICAR (Indian Council of Agricultural Research) and WorldFish, along with
Shrimp Sinking: What’s Causing the Industry Downturn?
The shrimp industry holds a significant position in India’s total seafood basket. In FY23, the country’s seafood exports amounted to $8 billion, with frozen shrimps commanding a whopping 70 per cent share of this total. However, the industry has weathered rough times of late. From losing its crown as the
Indian Seafood Exports See Dip, But Hopeful Signs Emerge for Recovery
India’s once-booming seafood export industry is currently weathering a storm. While the initial target for FY24 was a robust $9.25 billion, current estimates project a more modest figure of around $7.5 billion, falling short of the previous year’s $8.09 billion. This decline can be largely attributed to the sharp drop
A Net Cast for a Sustainable Future: Report Explores Energy Transition Challenges and Opportunities for Developing Countries’ Fishing Fleets
A new report published today sheds light on the complex challenges and promising opportunities associated with transitioning fishing vessels in developing countries towards renewable energy. Titled “Energy transition of fishing fleets: Opportunities and challenges for developing countries,” the study delves into the intersection of climate change, CO2 emissions, and fishing
Marine-Based Ingredients for Cosmetics: A Growing Market with Potential
The cosmetic industry is constantly looking for new and innovative ingredients that can offer effective solutions for various skin concerns. Among the many sources of natural ingredients, marine-based ones have gained increasing attention in recent years due to their unique characteristics and benefits. Marine-based ingredients are derived from aquatic organisms,
Global Wild-Caught Whitefish Supply to Remain Flat in 2024
The International Groundfish Forum has predicted that the global supply of wild-caught whitefish will remain flat in 2024, with some species seeing gains while others see big drops. The total supply of wild-caught whitefish is expected to be 7.042 million metric tons (MT), down just 1,000 MT from the 7.043
GSF Report Empowers Shrimp Industry: Insights for Boosting Consumption
In April 2023, the Global Shrimp Forum (GSF) revealed its strategic decision to utilize surplus funds from its inaugural event for a purposeful initiative. These funds were dedicated to commissioning a comprehensive study aimed at researching and understanding effective strategies to promote increased consumption of shrimp. Arnd Jan Gulmans, an
Shrimp Feed Market Report 2024 | Industry Size Worth US$ 10.7 Billion by 2032
The global shrimp feed market is primarily driven by the increasing demand for seafood. IMARC Group’s report titled “𝐒𝐡𝐫𝐢𝐦𝐩 𝐅𝐞𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐛𝐲 𝐓𝐲𝐩𝐞 (𝐆𝐫𝐨𝐰𝐞𝐫, 𝐅𝐢𝐧𝐢𝐬𝐡𝐞𝐫, 𝐒𝐭𝐚𝐫𝐭𝐞𝐫), 𝐈𝐧𝐠𝐫𝐞𝐝𝐢𝐞𝐧𝐭𝐬 (𝐒𝐨𝐲𝐛𝐞𝐚𝐧 𝐌𝐞𝐚𝐥, 𝐅𝐢𝐬𝐡 𝐌𝐞𝐚𝐥, 𝐖𝐡𝐞𝐚𝐭 𝐅𝐥𝐨𝐮𝐫, 𝐅𝐢𝐬𝐡 𝐎𝐢𝐥, 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐀𝐝𝐝𝐢𝐭𝐢𝐯𝐞𝐬 (𝐕𝐢𝐭𝐚𝐦𝐢𝐧𝐬 𝐚𝐧𝐝 𝐏𝐫𝐨𝐭𝐞𝐢𝐧𝐬, 𝐅𝐚𝐭𝐭𝐲 𝐀𝐜𝐢𝐝𝐬, 𝐀𝐧𝐭𝐢𝐨𝐱𝐢𝐝𝐚𝐧𝐭𝐬, 𝐅𝐞𝐞𝐝 𝐄𝐧𝐳𝐲𝐦𝐞𝐬, 𝐀𝐧𝐭𝐢𝐛𝐢𝐨𝐭𝐢𝐜𝐬, 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬),
Market Research: Seafood Export Projections from India to the UK (2024-2030)
Executive Summary: This report analyzes the potential for seafood exports from India to the UK over the period 2024-2030. It identifies key market trends, opportunities, and challenges, providing valuable insights for businesses and stakeholders in both countries. Market Overview: Market Drivers: Current Product Mix: The major types of seafood products
Market Research on Value-Added Seafood Exports from India to the US (2020-2025)
Executive Summary: This report explores the current state and future prospects of India’s value-added seafood exports to the US market, covering the period 2020-2025. It analyzes key trends, challenges, and opportunities in this dynamic market, providing valuable insights for stakeholders across the seafood value chain. 1. Market Size and Trends: