Bangladesh Aquaculture Market Report 2024 | Upcoming Trends, Demand, Growth and Forecast Till 2032

IMARC Group has published a market research report 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" The Bangladesh aquaculture market size is expected to exhibit a growth rate (CAGR) of 2.07% during 2024-2032.

The focus of the government authority on enhancing fish production to ensure food security and reduce malnutrition is the factor responsible for the growth of the Bangladesh aquaculture market. Additionally, the country has abundant water resources, including rivers, lakes, and ponds, Bangladesh has a natural advantage in developing its aquaculture sector, which. Besides this, the rising domestic demand for fish, attributed to the elevating awareness of its nutritional benefits, is propelling the market. Moreover, the export potential of aquaculture products, particularly shrimp and prawns, to markets in Europe and America, is a significant driver, contributing to the foreign exchange earnings of the country. Apart from this, the government bodies, along with various international organizations, are actively promoting sustainable aquaculture practices, providing training and financial support to farmers, and investing in research and development to improve yield and disease resistance, which is contributing to the expansion of the market.

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Bangladesh Aquaculture Market Trends and Drivers:

The adoption of more sustainable and intensive farming practices, such as biofloc technology and recirculating aquaculture systems (RAS), which minimize environmental impact while maximizing production, is further augmenting the Bangladesh aquaculture market. In addition to this, there is also a growing emphasis on aquaculture diversification, with farmers increasingly cultivating a variety of fish species to meet market demand and ensure ecological balance, which is creating a positive outlook for the market. Moreover, the integration of digital technologies for monitoring water quality and fish health is gaining traction, enhancing the efficiency and productivity of aquaculture operations, which is anticipated to drive the Bangladesh aquaculture market in the coming years.

Report Segmentation:

The report has segmented the market into the following categories:

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
• Specialized Retailers
• Online Stores
• Others
•  

Breakup by Region:

• Barishal
• Chattogram
• Dhaka
• Khulna
• Rajshahi
• Rangpur
• Mymensingh
• Sylhet

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