According to the Market Statsville Group (MSG), the Global Recirculating Aquaculture System Market size is expected to grow from USD 2,453.9 million in 2023 to USD 5,347.2 million by 2033, at a CAGR of 10.1% from 2024 to 2033.
A recirculating aquaculture system is an advanced and sustainable method of fish and aquatic organism farming that efficiently manages water resources while maintaining optimal environmental conditions for the growth and well-being of aquatic species. This system minimizes water usage and reduces the environmental impact that is caused due to traditional open-water aquaculture. In recirculating aquaculture systems, water is continually treated and recycled within a closed-loop system, minimizing the demand for volumes of fresh water and reducing the discharge of pollutants into natural water bodies. The system typically consists of tanks for raising aquatic organisms, a water treatment system that removes waste and toxins, and a controlled environment for maintaining oxygen levels, water temperature, and other parameters. Additionally, biological filtration processes, such as the use of beneficial bacteria, help convert harmful substances like ammonia into less harmful forms.
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Report Scope of the Global Recirculating Aquaculture System Market
This market research study categorizes the recirculating aquaculture system market-based on type, and application area at the regional and global levels.
By Type Outlook (Sales, USD Million, 2019-2033)
- Closed Type
- Semi-closed Type
By Application Outlook (Sales, USD Million, 2019-2033)
- Indoor System
- Outdoor System
By Region Outlook (Sales, USD Million, 2019-2033)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Italy
- France
- UK
- Spain
- Poland
- Russia
- The Netherlands
- Norway
- Czech Republic
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Malaysia
- Thailand
- Singapore
- Australia & New Zealand
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Colombia
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Egypt
- Rest of MEA
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Recirculating Aquaculture System Market Key Players, 2023
The Major key players in the global recirculating aquaculture system market are:
- Skretting
- Xylem
- RADAQUA
- PR Aqua
- AquaMaof
- Billund Aquaculture
- AKVA Group
- Hesy Aquaculture
- Aquacare Environment
- Qingdao Haixing
- Clewer Aquaculture
- Sterner
- Veolia
- FRD Japan
- MAT-KULING
- Fox Aquaculture
- Pentair
- Innovasea
- Nocera
- BioFishency
- SENECT
- Alpha Aqua
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Recirculating Aquaculture System Market Segmental Analysis, 2024-2033
Based on type, the market is divided into indoor system and outdoor system. The outdoor system segment accounted for the largest market share in 2023. The outdoor systems provide scalability and flexibility, which is attractive for commercial aquaculture operations. These systems can be altered to various sizes and types of aquatic organisms, including fish, and shrimp, leading to increasing production demands to cater the global hunger. The outdoor RAS systems get natural light that promotes photosynthesis in aquatic plants and phytoplankton, which form an integral part of the aquatic food chain, contributing to the overall ecosystem within the recirculating aquaculture system. It also facilitates waste management and water quality control and enhances the overall water treatment process, leading to better water quality and healthier aquatic organisms.
Based on the regions, the global recirculating aquaculture system market has been segmented across Europe, North America, the Middle East & Africa, Asia-Pacific, and South America. Asia Pacific held a dominant position with 34% share in the global recirculating aquaculture system market in 2023. With the increasing demand for high-quality and organic seafood, the recirculating aquaculture system witnessed significant growth as it offers a sustainable and efficient solution to cater to the huge demand for fish and other aquatic products. Further, the region’s continuous focus on sustainable aquaculture practices to protect ecosystems and conserve natural resources is another factor contributing to the regional growth in the market. The government of various economies initiatives, promotion, and subsidies for recirculating aquaculture system in the region is further boosting the market demand during the forecast period.
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