Chile Aquaculture Market Report and Forecast 2024-2032

Chile Aquaculture Market Size

The Chile aquaculture market is projected to grow at a CAGR of 4.60% between 2024 and 2032.

Chile Aquaculture Market Outlook

• The Chilean Salmon Council, a trade association of salmon producers, announced that it has established an agreement with Monterey Bay Aquarium for a 50 per cent reduction of antibiotics usage by 2025, to promote sustainability.

• As per the industry reports, Chile was the second-largest producer of mussels in 2021.

• Innovasea, an innovative provider of aquatic solutions, announced in April 2024 that it aims to offer land-based aquaculture services to the Chilean aquaculture sector.

Chile Aquaculture Market Growth

The rising demand for aquaculture food products due to their high nutritional value, promotion of polyculture, and the implementation of organic farming practices are some of the crucial market drivers. Polyculture involves the growth of multiple aquafarming species in the same environment, which can promote a balanced ecosystem.

Moreover, a large number of consumers in the country are willing to pay more price for sustainably sourced seafood which has led the market players to implement sustainable practices and mitigate or eliminate the usage of synthetic pesticides and other harmful chemicals in aqua-farming.

Open aquaculture practices are gaining prominence in the market as they can address the concerns regarding fish health and promote the growth of disease-free fish, hereby eradicating the risk of contamination and disease among consumers. Moreover, there is the growth of digital platforms that offer a one-stop solution to aqua farmers for the profitable marketing of their products.

Chile Aquaculture Industry Segmentation

“Chile Aquaculture Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Environment

• Marine Water

• Fresh Water

• Brackish Water

Market Breakup by Fish Type

• Carps

• Mollusks

• Crustaceans

• Mackerel

• Sea Bream

• Others

Chile Aquaculture Market Share

Based on the environment, the market is divided into marine water, fresh water, and brackish water. The freshwater segment is expected to gain significant growth in the market as several market participants are using freshwater bodies for the production of fish which allows them to stock up on the fish in their aquariums. Due to their widespread appeal and versatility, the particular species of freshwater fish found in carp, catfish, and tilapia are regarded as some of the most desirable. These fish are among the most popular options for aquaculture because of their rapid growth rates, ease of raising, and capacity to flourish in a variety of environmental settings.

Leading Companies in the Chile Aquaculture Market

The market players are implementing organic aqua farming methods amid rising environmental concerns.

• Blumar Seafoods
• Australis Seafoods
• Camanchaca S.A.
• Santa Monica Seafood Company
• AquaChile
• Mowi ASA
• Others

Key Highlights of the Report