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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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.
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.
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.
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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