According to the latest report by IMARC Group “Europe Organic Aquaculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The Europe organic aquaculture market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 22% during 2021-2026.
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.
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:
- Seabass and Seabream
Breakup by Form:
- Fresh or Chilled
Breakup by Culture Environment:
- Brackish Water
Breakup by End Use:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Hotels and Restaurants
- Online Sales
Breakup by Country:
Competitive Landscape with Key Player:
- Blackshell Farm Ltd
- Biofisch GmbH
- Cromaris D.D
- Cultimer France Producteurs Associes
- Glenarm Organic Salmon Limited
- Kaerhede Dambrug ApS (Frea Aquaculture Solutions Aps)
- Kush Shellfish
- Mowi ASA
- Musholm A/S (Okamura Foods Co.,Ltd)
- SalMar ASA
- Vilsund Blue A/S.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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