The Norway aquaculture market size reached 1.8 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 2.5 Million Tons by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Norway Aquaculture
Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast
2023-2028," the Norway aquaculture market size reached 1.8 Million Tons in
2022.
Factors Affecting the Growth of the Norway Aquaculture Industry:
Increasing Demand for Seafood:
Norway's aquaculture market benefits greatly from the increasing global
demand for seafood. As one of the world's largest exporters of seafood,
Norway has a significant advantage due to its pristine marine environment,
ideal for fish farming. The demand for high-quality, sustainable seafood is
rising, particularly in markets like Asia and North America.
Norwegian salmon, trout, and other seafood products are renowned for their
quality, driving export growth. This strong demand, coupled with Norway's
reputation for quality and sustainability, positions the country to capitalize on
global seafood market trends, underpinning the expansion of its aquaculture
industry.
4. Report Highlight
and Description
Favorable Government Policies:
The Norwegian government plays a crucial role in the growth of the
aquaculture industry through supportive policies and regulations. The
government's approach balances industry growth with environmental
sustainability and fish welfare. Regulations are in place to ensure responsible
farming practices, which include limits on production to prevent over-fishing
and strict guidelines on feed quality and disease control.
Additionally, the government invests in research and development, aiding the
industry in adopting innovative practices. This regulatory framework not only
fosters a stable and predictable business environment but also boosts investor
confidence, further driving the market.
Technological Advancements:
Norway's aquaculture market is significantly driven by the country's
commitment to advanced technology and innovation. This includes cutting-edge
systems for fish farming, monitoring, and feed management. Norwegian
companies are pioneers in developing sustainable fish farming technologies,
such as recirculating aquaculture systems (RAS) and offshore fish farming.
5. Report Highlight
and Description
These technologies not only increase production efficiency but also address
environmental concerns like reducing the escape of farmed fish into the wild
and controlling the spread of diseases. W ith a focus on sustainable and eco-
friendly practices, Norway sets a global standard for aquaculture, making it a
leading player in the industry.
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6. Report Description
Norway Aquaculture Market Trends:
Sustainability is a paramount trend in the Norway Aquaculture Market. Norway is committed to responsible
aquaculture practices, with a strong focus on minimizing environmental impacts. This includes the adoption of
closed containment systems, reduced antibiotic use, and measures to protect local ecosystems.
Besides, Norway is a global leader in salmon farming. The market continues to be dominated by salmon
production, with a focus on maintaining high-quality standards and meeting the increasing global demand for
Norwegian salmon. Continuous efforts are made to improve feed efficiency, reduce disease outbreaks, and
enhance salmon health.
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7. Report
Segmentation
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
9. Key Questions
Answered in
the 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?
10. Key Questions
Answered in
the Report
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?
11. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Norway Aquaculture Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Fish Type
6.1 Freshwater Fish
6.1.1 Mark et Trends
6.1.2 Mark et Forecast
6.2 Molluscs
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Crustaceans
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
12. Table of
Contents
6.4 Others
6.4.1 Mark et Trends
6.4.2 Mark et Forecast
7 Market Breakup by Environment
7.1 Fresh W ater
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 Marine W ater
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
7.3 Brackish W ater
7.3.1 Mark et Trends
7.3.2 Mark et Forecast
8 Breakup by Distribution Channel
8.1 Traditional Retail
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
8.2 Supermarkets and Hypermarkets
8.2.1 Mark et Trends
8.2.2 Mark et Forecast
8.3 Specialized Retailers
8.3.1 Mark et Trends
8.3.2 Mark et Forecast
8.4 Online Stores
8.4.1 Mark et Trends
8.4.2 Mark et Forecast
8.5 Others
8.5.1 Mark et Trends
8.5.2 Mark et Forecast
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