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We expect the South Korea aquaculture market to exhibit a CAGR of 6.20% during 2022-2027.
The expanding aquaculture sector, growing consumer preferences for a high-protein diet, and rising demand for frozen and ready-to-eat aquaculture products, such as squid, mackerels, sailfin sandfish, etc., are primarily driving the South Korea aquaculture market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation resulting in a temporary halt in numerous aquaculture activities and restriction on the export and import of seafood products.
Based on the fish type, the South Korea aquaculture market can be categorized into freshwater fish, molluscs, crustaceans, and others. Currently, freshwater fish accounts for the majority of the total market share.
Based on the environment, the South Korea aquaculture market has been segregated into fresh water, marine water, and brackish water. Among these, fresh water currently holds the largest market share.
Based on the distribution channel, the South Korea aquaculture market can be bifurcated into traditional retail, supermarkets and hypermarkets, specialized retailers, online stores, and others. Currently, traditional retail exhibits a clear dominance in the market.
On a regional level, the market has been classified into East, West, Southwest, and Southeast, where Southwest currently dominates the South Korea aquaculture market.
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