Norway Aquaculture Market

Market Overview:

The Norway aquaculture market is expected to exhibit a CAGR of 3.54% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Aquaculture refers to the cultivation of aquatic animals and plants in a tank, floating cage, pond, or other water bodies. It maintains stocks of existing fish in water bodies through artificial recruitment and transplantation. Aquaculture also includes the production of baitfish for commercial and sport fishery as well as ornamental fish for recreational purposes.

Norway Aquaculture Market Trends:

The market in Norway is primarily driven by the increasing consumption of seafood due to the rising awareness regarding the various health benefits associated with it. This, coupled with the inflating disposable income levels and the shifting dietary preferences of individuals, is significantly contributing to the market growth. Furthermore, the availability of the ideal climatic conditions for aquaculture production in the country is propelling the market growth. Besides this, the escalating demand for exporting seafood to other countries is escalating the demand for aquaculture production. Moreover, the deployment of innovative technologies by key market players to ensure sustainable growth is creating a positive outlook for the market. Other factors, including the increasing support by the government of Norway to promote aquaculture and the rising expenditure on research & development (R&D) activities, are anticipated to contribute to the market growth further across the country.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Norway aquaculture market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on fish type, environment and distribution channel.

Breakup by Fish Type:

• Freshwater Fish
• Molluscs
• Crustaceans
• Others
   

Breakup by Environment:

• Fresh Water
• Marine Water
• Brackish Water
   

Breakup by Distribution Channel:

• Traditional Retail
• Supermarkets and Hypermarkets
• Specialized Retailers
• Online Stores
• Others
   

Breakup by Region:

• Eastern Norway
• Fjord Norway
• Northern Norway
• Southern Norway
• Trøndelag
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Key Questions Answered in This Report:

• How has the Norway aquaculture market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Norway aquaculture market?
• What are the key regional markets?
• What is the breakup of the market based on the fish type?
• What is the breakup of the market based on the environment?
• What is the breakup of the market based on the distribution channel?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the Norway aquaculture market and who are the key players?
• What is the degree of competition in the industry?