by Aquaculture water treatment systems play a vital role in recirculating aquaculture systems (RAS) by purifying and recycling large volumes of water through mechanical, biological, and chemical processes. RAS allow fish farmers to raise varieties of fish and aquatic animals in land-based tanks with 95-99% less water compared to traditional aquaculture. With steady growing global fish demand and limited resources for capture fisheries, RAS is gaining traction as commercial aquaculture continues to expand rapidly.
The global aquaculture water treatment systems market is estimated to be valued at US$ 1.2 billion in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023-2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Rapidly Growing Recirculating Aquaculture Systems (RAS) Industry: RAS has emerged as a sustainable solution for commercial fish farming by minimizing water usage and waste discharge. The RAS industry is projected to grow at 7% annually due to increasing adoption across regions like Europe, North America, and Asia Pacific. This rising installation of RAS will drive demand for water treatment equipment to clean and refresh the system water.
Growing Fish Consumption and Limited Wild Catch: As world population grows, the need for protein is rising rapidly which increases fish consumption globally. However, limited wild catch capacity along coastal regions has boosted commercial aquaculture. This raises the requirement for sustainable aquaculture methods like RAS and corresponding water treatment solutions.
Segment Analysis
The Global Aquaculture Water Treatment Systems Market Size is segmented into rearing tank water treatment, recirculating water treatment, and culture water treatment. The rearing tank water treatment segment currently dominates the market. This is because water treatment is critical for maintaining healthy growth conditions for the fish in rearing tanks. Failure to treat rearing tank water can harm fish health and lead to reduced yields.
PEST Analysis
Political: Government regulations regarding the discharge of wastewater from aquaculture operations have become more stringent in recent years. This is driving greater adoption of water treatment systems to achieve high quality effluent standards.
Economic: Rising incomes and population growth have increased global demand for aquaculture products like shrimp and salmon. This is fueling investment in intensive aquaculture operations that rely on recirculating aquaculture systems and advanced water treatment technologies.
Social: Consumers are increasingly concerned about the environmental impact and sustainability of the aquaculture industry. Producers are adopting water treatment and recirculation to minimize water usage and discharge in response to consumer preferences.
Technological: Advancements in filtration media, aeration, disinfection techniques and system controls have improved the effectiveness and efficiency of aquaculture water treatment systems. Computerization has also enhanced the ability to monitor water quality parameters remotely.
Key Takeaways
The global aquaculture water treatment systems market is expected to witness high growth over the forecast period driven by factors such as increasing aquaculture production, stringent environmental regulations, and technological improvements. The global aquaculture water treatment systems market is estimated to be valued at US$ 1.2 billion in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023-2031.
Regional analysis
Asia Pacific accounts for the largest share of the global market currently. This is due to the large volume of aquaculture production in the region, especially in China, India, Vietnam, and Thailand. These countries are expected to witness fastest growth in their markets over the coming years as regulations tighten and producers invest further in intensification using RAS technology.
Key players
Key players operating in the aquaculture water treatment systems market are Aquacultural Equipment Ltd, Aquaculture System Technologies, LLC, BioFishency Ltd., Blue Ridge Technology, Inc., RADAQUA, Veolia Group, and Pentair Aquatic Eco-Systems, Inc.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
