Mariculture is a part of aquaculture business, which enhances the production of seafood through rearing of fishes in saltwater condition or marine aquaculture. It is reared in an enclosed section of the ocean, or in tanks, cages locked ponds or raceways. It also cultured aquatic plants such as seaweeds and microphytes for nutritional and industrial end use. Mariculture has been a major business in the coastal areas for the last few decades. This provides food, employment, and essential products from multiple marine sources. Increasing population across the globe has led to a rise in demand for seafood. Additionally, seafood such as salmon, tuna, cod, prawns, oysters, lobster, mackerel, anchovies, and crabs are popularly consumed across the globe. These are also considered commercial seafood, which generate significant revenue and in turn drive the mariculture market. Increase in demand for marine-based products is anticipated to drive the global mariculture market during the forecast period.
The global mariculture market can be segmented based on type, culture or rearing, operation, material, and geography. In terms of type, the global mariculture market can be bifurcated into seawater ponds, tank farming, algaculture, sea cage farming, long line farming, raceway farming, fish hatcheries, and integrated multitrophic mariculture.
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In terms of region, the global mariculture market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Increase in demand for seafood along with seaweeds has boosted the mariculture in North America. Dependence on seafood for consumption in the Caribbean region is driving mariculture market in North America. The presence of a long coastline equipped with strong marine technology propels the mariculture market in Europe. In Asia Pacific, mariculture seems to be prominent owing to the demand for marine products from the last four decades.
Major players operating in the global mariculture market are involved in product innovation. Key players include Carter & Sons Ltd, Cermaq ASA, Cooke Aquaculture Inc., Nireus Aquaculture S.A., NSF Certification UK Ltd, Selonda Aquaculture S.A., Blue Ridge Aquaculture, Inc., P/F Bakkafrost, AKVA Group, Mariculture Systems, Tassal Group Ltd., The Waterbase Limited, The Aqua Maof Group, Garware Wall Ropes Ltd. Zeal Aqua, and Reed Mariculture.
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