According to the latest report by IMARC Group “Europe Organic Aquaculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The Europe organic aquaculture market is expected to exhibit a CAGR of 20.1% during 2022-2027.
Organic aquaculture is the process of cultivating aquatic species using vegetable-based feed ingredients and additives such as corn, soybean, fish meal, fish oil, etc. Organic aquaculture practices provide a wide variety of nutritional, growth-promoting, and immune-resistant benefits to the farmed aquatic animals. They also assist in maintaining a viable and sustainable aquatic ecosystem by limiting the introduction of synthetic fertilizers, herbicides, pesticides, and several other harmful substances. As a result, organic aquaculture practices are widely adopted for cultivating various marine species, including trout, mussels, salmon, oyster, carp, etc.
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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.
Market Trends:
The growing consumer concerns towards the presence of numerous pathogens in traditionally cultured seafood products are primarily driving the market for organic aquaculture practices in Europe. Additionally, the inflating consumer disposable income levels along with their elevating living standards are further catalyzing the per capita expenditures on premium and organic seafood products. Moreover, the escalating demand for organic fish oil across several sectors, including pharmaceuticals, nutraceuticals, food and beverages, etc., is also augmenting the market growth in Europe. Besides this, the European Commission is constantly emphasizing on minimizing the adverse impact of chemical-based aquaculture methods on marine and freshwater ecosystems, which is expected to further strengthen the market growth in the coming years.
Breakup by Species:
Breakup by Form:
Breakup by Culture Environment: