According to the latest report by IMARC Group, titled ” South Korea Aquaculture Market Growth, Size, Industry Trends, Share, Opportunity and Forecast 2022-2027“, the South Korea aquaculture market is expected to exhibit a CAGR of 6.20% during 2022-2027.
Aquaculture is the process of breeding, harvesting and raising aquatic plants, fish and shellfish using numerous freshwater and marine activities. These activities include regular stocking, protecting and feeding aquatic organisms. It involves semi-intensive and intensive farms with modernization and professionalization practices. It reduces waste generation and promotes optimal usage of natural resources.
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.
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South Korea Aquaculture Market Trends and Drivers:
One of the primary factors driving the market is the escalating demand for frozen and ready-to-eat (RTE) food, such as mackerels, salmon, sailfin sandfish, squid and aquaculture products. Besides this, the rising seafood consumption is also strengthening the market growth.
Additionally, the rising demand for organic product variants and the increasing disposable income of the masses is propelling the market growth. Furthermore, the government of South Korea has formed a long-term aquaculture development program to promote aquaculture activities, which is catalyzing the market growth.
Furthermore, the rising focus on sustainable development and the rapid growth of the retail distribution channels are also creating a positive market outlook.
South Korea Aquaculture Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
The report has segmented the market on the basis of fish type, environment and distribution channel.
Breakup by Fish Type:
- Freshwater Fish
Breakup by Environment:
- Fresh Water
- Marine Water
- Brackish Water
Market Breakup by Distribution Channel:
- Traditional Retail
- Supermarkets and Hypermarkets
- Specialized Retailers
- Online Stores
Breakup by Region:
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.