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Aquaculture Healthcare Market Report by Key Driving Factors with Competitive Insights to 2028

Fish and seafood consumption is predicted to rise by 27% by 2030, driven mostly by the aquaculture sector, which is expected to grow by 62% over the same time.


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Vinayak Shinde

2 months ago | 3 min read

Global aquaculture healthcare market will continue to expand through the next few years, triggered by the increased focus toward meeting the world's growing demand for blue food, which is expected to quadruple by 2050. With seafood consumption rising remarkably over the last decade, prioritizing optimized healthcare in aquaculture is becoming increasingly important. Known as one of the fastest expanding food industries in the world, aquaculture accounts for about half of all seafood consumed globally.

International organizations such as the World Organization for Animal Health (OIE), the Food and Agriculture Organization (FAO), and the World Health Organization (WHO) are supporting and promoting global fish health.

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The global aquaculture healthcare market size is expected to be valued at over $1.2 billion by 2028, suggests a Global Market Insights, Inc. report.

Several studies have proposed that altering human diets toward increasing intake of fish and seafood might be a solution to the protein need that would support human and environmental health. Fish and seafood consumption is predicted to rise by 27% by 2030, driven mostly by the aquaculture sector, which is expected to grow by 62% over the same time.

The following three trends are likely to boost aquaculture healthcare market growth over 2022-2028:

Bacterial infections: A rising worry

According to World Health Organization (WHO) estimates, foodborne trematode infections cost the world 2 million lives years each year, either via disability or death. Consumption of uncooked fish, crustaceans, or vegetables with parasite larvae might result in these diseases. According to the same source, East Asia and South America have the highest frequency of foodborne trematodes. Given the increasing demand for a variety of fish throughout Asia Pacific, adequate medication and vaccinations have gained significance as a means of ensuring food safety.

Highlighting the importance of sustainable aquaculture & food security

Feeding a rapidly growing human population while reducing its negative impact on food production is likely to be a major problem in the upcoming years. This is especially true for low- and middle-income nations, where demand for animal protein is expected to grow considerably. According to FAO figures, the total edible fish consumption increased by 122% between 1990 and 2018.

The same report also states that 90% of the fish population was deemed to be biologically sustainable in 1990. In 2017, however, that percentage went down to just 65.8%. This shows that the state of fish stock is deteriorating in areas where fisheries management is absent or inefficient, proving to be a threat to food safety.

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Offering a solution to this problem, last year, the Fish Innovation Lab took another step toward food security with a $1.15 million grant financing six aquaculture-related activities in Ghana, Bangladesh, Malawi, and Zambia as part of the U.S. government's Feed the Future program. These new initiatives complement the Fish Innovation Lab's efforts to ensure food safety while also creating new jobs in the aquaculture and fisheries industries.

Asia to emerge as a global leader in aquaculture output

Quoting statistics from the FAO, Asia has dominated global aquaculture output of farmed aquatic animals, with an 89% share in the previous two decades or so. The worldwide aquaculture production increased by +527% from 1990 to 2018. India, China, Indonesia, Bangladesh, Vietnam, Egypt, and Chile have solidified their regional or global production shares to varied degrees during the last two decades. It is expected that by 2030, China will account for 38% of global fish consumption.

To keep this trend going, sustainable aquaculture growth and competent fisheries management are essential. To get to this goal, leading companies such as Zoetis, Merck, Elanco, Vetoquinol, and Benchmark PLC are embracing a diverse range of activities that stimulate innovation and accelerate cross-sector collaboration.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Vinayak Shinde

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HealthCare | Nutrition


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