Bangladesh Aquaculture Market to Grow at 2.07% During 2024-2032, Propelled by Escalating Demand for Fish

September 21, 2022 | Agriculture

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The latest report by IMARC Group, titled “Bangladesh Aquaculture Market Report by Fish Type (Freshwater Fish, Molluscs, Crustaceans, and Others), Environment (Fresh Water, Marine Water, Brackish Water), Distribution Channel (Traditional Retail, Supermarkets and Hypermarkets, Specialized Retailers, Online Stores, and Others), and Region 2024-2032,” finds that the Bangladesh aquaculture market is expected to grow at a CAGR of 2.07% during 2024-2032. Aquaculture, or fish farming, refers to the controlled process of breeding, rearing, harvesting, and cultivating fish, shellfish, algae, and other aquatic organisms. It assists in food production, restoration of habitats and endangered species population, and optimum utilization of agricultural and natural resources, while providing a safe and natural breeding environment for the aquatic population. It also includes the production of ornamental fishes to support commercial and recreational marine fisheries.

Bangladesh Aquaculture Market Trends:

The market is primarily driven by the escalating demand for fish across Bangladesh, as it represents a staple food across the country. In addition, the increasing domestic and export demand for aquaculture products represents another major growth-inducing factor. Besides this, individuals are widely adopting frozen and packaged seafood due to hectic lifestyles. This, coupled with the implementation of producer-friendly aquaculture regulations by government bodies, is contributing to market growth. For instance, the Government of Bangladesh is undertaking initiatives for creating full-time employment opportunities in aquaculture farming, which in turn is propelling market growth. Moreover, the growing health consciousness among the masses, the increasing demand for organic aquaculture products, and the shifting consumer focus on sustainable development are some of the other factors creating a positive market outlook across the country.

Market Summary:

Based on the fish type, the market has been classified into freshwater fish, mollusks, crustaceans, and others.
On the basis of the environment, the market has been segmented into fresh, marine, and brackish water.
Based on the distribution channel, the market has been categorized into traditional retail, supermarkets and hypermarkets, specialized retailers, online stores, and others.
Region-wise, the market has been divided into Barishal, Chattogram, Dhak, Khulna, Rajshahi, Rangpur, Mymensingh, and Sylhet.
The competitive landscape of the market has been examined in the report, with detailed profiles of the key players operating in the industry.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	Million Tons
Segment Coverage	Fish Type, Environment, Distribution Channel, Region
Region Covered	Barishal, Chattogram, Dhaka, Khulna, Rajshahi, Rangpur, Mymensingh, Sylhet
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
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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Bangladesh Aquaculture Market to Grow at 2.07% During 2024-2032, Propelled by Escalating Demand for Fish

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