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The South Korea aquaculture market is expected to exhibit a CAGR of 6.20% 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 includes cultivating fish, shellfish, algae, and other aquatic organisms. It involves various marine and freshwater activities, including regular stocking, feeding and protecting aquatic organisms from predators. It provides an efficient solution to meet the growing need for the increased production of animal protein while playing a vital role in meeting the global food requirement. It includes several semi-intensive and intensive farms with professionalization and modernization practices to increase the overall production in a sustainable manner. It also minimizes waste generation and ensures optimum utilization of agricultural and natural resources.
The market in South Korea is primarily driven by the significantly increasing consumption of seafood. Furthermore, the rising demand for frozen and ready-to-eat aquaculture products, such as squid, mackerels, sailfin sandfish, and salmon, across the country is providing a boost to the market growth. Besides this, the government of South Korea has prepared a long-term aquaculture development program to provide a thrust to aquaculture activities, thus creating a positive outlook for the market. Additionally, the growing demand for organic product variants and inflating disposable income levels of the masses are further bolstering the market growth. Other factors, including the rapid expansion of the retail distribution channels and an enhanced focus on sustainable development, are also providing an impetus to market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the South Korea 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:
Breakup by Environment:
Breakup by Distribution Channel:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Fish Type, Environment, Distribution Channel, Region|
|Region Covered||East, West, Southwest, Southeast|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
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Corporate License: US$ 4699
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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