SOURCE: Lux Research

Lux Research

March 10, 2015 07:30 ET

Aquaculture Boom Creates $13.3 Billion Water Treatment Market in 2030

Already $7.2 Billion, the Market for Water Treatment in Aquaculture Will Expand Rapidly as Aquaculture Rises to Meet 62% of Global Fish Demand in 2030, Says Lux Research

BOSTON, MA--(Marketwired - Mar 10, 2015) - Aquaculture -- the farming of fish and other aquatic animals -- is an increasingly vital means of supplying demand for seafood, as wild fisheries suffer from stress and collapse. Water treatment is essential to successful aquaculture, and demand for water treatment is expected to nearly double from $7.2 billion in 2014 to $13.3 billion in 2030, according to Lux Research.

"Aquaculture is leading to a 'Blue Revolution' as the world shifts from hunting and gathering aquatic resources to farming them," said Abhirabh Basu, Lux Research Associate and the lead author of the report titled, "Blue Revolution: The Fast-growing $7.2 Billion Water Treatment Opportunity in Aquaculture."

"However, without water treatment, fish populations swim in a putrid cocktail of dead fish, feed, feces, and nutrients that breeds disease and endangers entire crops -- advanced treatment systems are essential for the market to grow," he added.

Lux Researchers evaluated opportunities in the rapidly growing market for advanced water treatment in aquaculture. Among their findings:

  • Recirculating aquaculture systems (RAS) enjoy many advantages. Currently, advanced reuse systems represent only 4.5% of the total aquaculture market, with pond culture the dominant means of production. However, by 2030, RAS will produce over 40% of the total aquaculture output.

  • Europe poised to be a leader in water reuse systems. Between 2000 and 2013, the U.K. added 25 RAS facilities; Norway's Nofima, the largest aquaculture research facility in Europe, has installed over 1,000 tanks and hatcheries; and Denmark expects 90% of its aquaculture production to come from recirculating systems.

  • Wastewater companies leveraging expertise to tap RAS market. Kruger Kaldnes, a Veolia subsidiary, has tapped its traditional moving bed biofilm reactor for aquaculture. Among promising start-ups, BioGill uses vertical membrane sheets, and BioFishency has built an "all-in-one" plug-and-play solution.

The report, titled "Blue Revolution: The Fast-growing $7.2 Billion Water Treatment Opportunity in Aquaculture," is part of the Lux Research Water Intelligence service.

About Lux Research

Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.

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