Article -> Article Details
| Title | Turkey Aquaculture Market Size, Share, Trends and Forecast 2025-2033 |
|---|---|
| Category | Business --> Agriculture |
| Meta Keywords | turkey aquaculture market |
| Owner | akshaykumar |
| Description | |
| Market Overview The Turkey aquaculture market size was 1.08 Million Tons in 2024 and is forecasted to grow to 1.62 Million Tons by 2033, at a CAGR of 4.15% during the period 2025-2033. This growth is driven by strong export demand, favorable marine environments, government incentives and subsidies, and investments in modern fish farming infrastructure. The market notably benefits from the success in sea bass and sea bream farming. Study Assumption Years
Turkey Aquaculture Market Key Takeaways
Sample Request Link: https://www.imarcgroup.com/turkey-aquaculture-market/requestsample Market Growth Factors The majority of the aquaculture market in Turkey is export-oriented, and seafood exports are expected to be worth US$2.5 billion by 2027, compared to US$2.02 billion in 2024. Production of salmon for export has developed from 6000 tons to 100,000 tons worth $498 Million in 2024. By the end of 2024 it is expected to be $650 Million. Sales may reach $1 Billion after five years of meeting EU regulations, receiving subsidies, export licensing and trading. The fish is mainly exported to EU member states, with Italy, Spain, and Greece being the leading markets. Other markets include Europe and the Middle East. There are initiatives to reduce waste and become zero-waste. Another contributing factor has been the strong growth of the domestic aquafeed market in Turkey, and investments have been concentrated on high protein and species-specific aquafeeds for trout, sea bass, sea bream and other cultured species. Egyptian feed manufacturers have invested in modernization of production and R&D sometimes in joint ventures with European technology providers. Feed produced in Turkey is cheaper and produced with better technological control and delivery than can be achieved in Egypt. Government incentives through tax exemptions, infrastructure development, and a flourishing aquafeed supply chain have encouraged the aquaculture industry's rapid expansion. The development of modern fish farming facilities and fish farming technology will also lead to further growth in the market. The largest project to date by the Turkish AKVA Group is the delivery of sixteen Polarcirkel 220 meter (720 ft) pens, and three Akvasmart CCS feeding systems to Gümüşdoğa, operator of the largest bass and bream farm in Turkey, located at Güllük Bay. The plant and three others to be built in Muğla by 2026 will improve efficiency and sustainability of aquaculture supported by new technologies and local production capacity, thus increasing Turkey's competitiveness. Market Segmentation
Regional Insights The report covers Turkey’s key regional markets, including Marmara, Central Anatolia, Mediterranean, Aegean, Southeastern Anatolia, Black Sea, and Eastern Anatolia. The dominant region is not explicitly mentioned in the source. However, significant market activities and infrastructure development projects, such as AKVA Group's operations in Muğla (Mediterranean region), emphasize the growing importance of this area within Turkey’s aquaculture sector. Recent Developments & News
Competitive Landscape The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization. About Us IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research. Contact Us IMARC Group, 134 N 4th St. Brooklyn, NY 11249, USA, Email: sales@imarcgroup.com, Tel No: (D) +91 120 433 0800, United States: +1-201971-6302 | |