Organic
aquaculture depicts farming of marine animals by adhering the organic
practices. Further, it also includes prohibition of use of synthetic
chemicals and pesticides and the use of only organic feed during
organic aquaculture farming. Concerning on the goal of organic
agriculture, the primary aim of regulatory bodies is to optimize the
health and productivity of resources that is based on interdependent
communities including the life of soil, plants, farming area,
animals, and humans. Currently, in organic food and beverage
industry, organic aquaculture is one of the fastest growing sector
owing to increasing demand for seafood products in the global seafood
market. In the global organic aquaculture product market, North
America and Western European countries account the majority of share
due to changing consumer preference towards a healthy lifestyle and
changing buy habits such as preference over organic instead of
conventional.
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Organic
Aquaculture Product Market: Key Drivers
Key
drivers influencing the demand for organic aquaculture product in the
global market is due to rising fish or seafood consumption and
increasing market share if organic foods in the global market. In
addition, another driver contributes towards the growth of organic
aquaculture products in the market is the expectations of the
consumers. In terms of expectation, the primary expectation is
quality of food, nutritional content, safety, concerns related to the
environment, and also societal and economic benefits for farmers and
as well as for society. In global organic aquaculture product market,
the demand for organic aquaculture products such as finfish,
shellfish, aquatic plants, and other aquatic food products is
increasing. Increasing demand for processed, frozen and exotic food
due to rapid urbanization and changing lifestyle the demand for
products such as organic dairy, organic meat, organic aquaculture
products is increasing at robust growth. Number of modern retail
formats, food foodservice manufacturers and quick chain restaurants
are increasing with a higher growth rate in developing economies, due
to which the demand for organic aquaculture or seafood is increasing.
This is also attributed to cater to increasing consumer demand for
aquaculture food products as household consumption and fast food
retail chain outlets. Health conscious consumers are more inclined
towards protein rich food products over high calorie products. This
is also another trend in the developing economies and it is expected
to continue in near future.
Organic
Aquaculture Product Market: Key segment
The
market segment for organic aquaculture products is segmented on the
basis of by types, by end-use, by form, and by distribution channel.
On the basis of types, organic aquaculture market is segmented into
organic salmon, organic shrimp, organic pangasius, organic trout, and
others. In the global
organic aquaculture product market, the majority of demand
accounts for organic salmon and organic shrimp owing to increasing
demand for organic seafood in frozen and processed form. Further,
market segment by end-use, organic aquaculture product are segmented
into the household and commercial use. Another market segment for
organic aquaculture product is segmented on the basis canned, frozen,
fresh or chilled, and others. Rising demand for frozen food products
in the global food industry is expected to drive the demand for
organic aquaculture product in frozen and processed form. By
distribution channel segment, the market for organic aquaculture is
segmented by direct and indirect distribution channel. Further, the
market for organic aquaculture by indirect channel of distribution is
sub-segmented into hypermarket/supermarket, convenience stores, the
online retail channel of distribution and others.
Organic
Aquaculture Product Market: Regional Segment
On
the basis of regional segment, market for organic aquaculture
products is segmented into seven region across the globe, it includes
North America, Latin America, Western Europe, Eastern Europe,
Asia-Pacific, Japan and the Middle East & Africa. Primarily the
demand for organic aquaculture products is increasing in North
America followed by Western Europe market owing to increasing
consumption of organic food as well as organic seafood products in
the regions.
Organic
Aquaculture Product Market: Key Players
Some
of the key players operating in the business of organic aquaculture
products are Anova Seafood BV, Organic Shrimp Farming Co. Ltd.,
SalMar, Ristic GmbH, Artisan Fish LLC, GLENARM ORGANIC SALMON, DOM
Intentional, Omarsa S.A., OSO, MSeafood Corp., Artisan Fish LLC, and
others.
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