Integrated Recirculating Aquaculture System (RAS) Market Size is valued at USD 4.42 Bn in 2022 and is predicted to reach USD 9.80 Bn by the year 2031 at a 9.57% CAGR during the forecast period for 2023-2031.
Integrated Recirculating Aquaculture Systems (RAS) have become prominent in the aquaculture industry, propelled by various factors that enhance their appeal. A significant driver is the growing emphasis on sustainability in the fisheries sector. RAS achieves this by continuously filtering and recirculating water within the system, thereby minimizing water usage and reducing the environmental impact of traditional open-loop aquaculture. Moreover, the adaptability of RAS facilities to operate in land-locked areas or urban settings is a crucial factor. This capability overcomes geographical limitations and brings aquaculture production closer to consumer markets. Another driving force is improved biosecurity, as RAS provides better control over water quality, lowering the risk of disease outbreaks and enhancing overall fish health.
Additionally, technological advancements in monitoring and automation further contribute to the efficiency and profitability of RAS. These technologies optimize feeding, waste management, and environmental parameters. The increasing demand for high-quality, locally sourced seafood is also a driving factor for adopting RAS. It offers a reliable and controlled environment for producing fish with consistent quality throughout the year. However, it's important to note that RAS has economic challenges. Operational costs, particularly energy consumption and system maintenance, can be relatively high, posing challenges to sustained profitability. Despite these challenges, the overall benefits and drivers contribute to the continued expansion and adoption of integrated recirculating aquaculture systems in the aquaculture sector.
Competitive Landscape
Some Major Key Players In The Integrated Recirculating Aquaculture System (RAS) Market:
- Skretting
- Xylem
- RADAQUA
- PR Aqua
- AquaMaof
- Billund Aquaculture
- AKVA Group
- Hesy Aquaculture
- Aquacare Environment
- Qingdao Haixing
- Clewer Aquaculture
- Sterner
- Veolia
- MAT-KULING
- Pentair
- Innovasea
- Nocera
- BioFishency
- SENECT
- Alpha Aqua
- Diamond Water Systems
- Water Management Technologies Inc.
- Lifegard Aquatics
- Integrated Aqua Systems Inc.
- Arvo-Tec
- Aquatic Enterprises, Inc.
- Blue Ridge Aquaculture
- Other prominent players
Market Segmentation:
The Integrated recirculating aquaculture system (RAS) market is segmented based on grade and application. The grade segment consists of closed type and semi-closed type. The application segment comprises outdoor systems and indoor systems.
Based On Application, The Indoor System Segment Is A Major Contributor To The Integrated Recirculating Aquaculture System (RAS) Market.
The indoor system category is expected to hold a major share in the global Integrated recirculating aquaculture system (RAS) market. Indoor RAS provides a means to meet this demand by offering a controlled and traceable environment for fish production. Indoor RAS facilities can be strategically located closer to consumer markets, reducing transportation costs and ensuring a more reliable and timely supply of fresh seafood products. Indoor systems provide better biosecurity by isolating the aquaculture facility from external contaminants and potential disease vectors. This controlled environment minimizes the risk of disease outbreaks, contributing to higher fish health and reducing the need for antibiotics or other treatments.
The Closed-Type Segment Witnessed Growth At A Rapid Rate.
The closed-type segment is projected to grow at a rapid rate in the global Integrated recirculating aquaculture system (RAS) market. Closed-type RAS facilitates year-round production by providing a controlled environment unaffected by external weather conditions. This consistency is beneficial for meeting market demand and reducing the impact of seasonal variations. Closed-type RAS minimizes the risk of external contaminants entering the system, providing a high level of biosecurity. This closed-loop design helps prevent the introduction of diseases into the aquaculture facility, contributing to improved fish health and reducing the need for disease treatments.
In The Region, The North American Integrated Recirculating Aquaculture System (RAS) Market Holds A Significant Revenue Share.
The North American market for integrated recirculating aquaculture systems (RAS) is projected to soon achieve the highest market revenue share. Advancements in technology play a important role in driving the adoption of RAS in North America. Automation, real-time monitoring systems, and sensor technologies contribute to the efficiency and profitability of RAS operations by optimizing feeding, waste management, and overall environmental parameters. This technological integration aligns with the region's reputation for innovation and efficiency in various industries. In addition, Europe is estimated to grow at a rapid rate in the global Integrated recirculating aquaculture system (RAS) market. The significant market growth driver is the increasing demand for sustainable and locally sourced seafood. Consumers are increasingly aware of the ecological consequences of conventional open-loop aquaculture, resulting in a greater interest in RAS, which provides a more eco-friendly and regulated method of fish production.
Recent Developments
- In Dec 2023, Aquapurna and Billund Aquaculture have commenced construction of the largest shrimp farm in the world, featuring a high-intensity recirculating aquaculture system. The farm's design is progressing, and building is scheduled to commence in January 2024 on the 18,000-square-meter facility located at the Sigmundshall Industrial Site near Wunstorf, Germany.
- In Sept 2022,Nocera has declared the acquisition of a 229-acre plot of farmland in Montgomery, Alabama, with the purpose of establishing land-based fish farms in the United States. The lot was acquired for a sum of US $865,000, and the transaction was completed in 2022.
Integrated Recirculating Aquaculture System (RAS) Market Report Scope
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Report Attribute |
Specifications |
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Market Size Value In 2022 |
USD 4.42 Bn |
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Revenue Forecast In 2031 |
USD 9.80 Bn |
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Growth Rate CAGR |
CAGR of 9.57% from 2023 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Grade, Application |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Skretting, Xylem, RADAQUA, PR Aqua, AquaMaof, Billund Aquaculture, AKVA Group, Hesy Aquaculture, Aquacare Environment, Qingdao Haixing, Clewer Aquaculture, Sterner, Veolia, MAT-KULING, Pentair, Innovasea, Nocera, BioFishency, SENECT, Alpha Aqua, Diamond Water Systems, Water Management Technologies Inc., Lifegard Aquatics, Integrated Aqua Systems Inc., Arvo-Tec, Aquatic Enterprises, Inc., Blue Ridge Aquaculture, Other prominent players |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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