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The surface temperature on Earth was around 0.98 degree Celsius warmer than the 20th century average in 2020. Ocean farming also known as marine farming or mariculture is a branch of aquaculture which involves the cultivation of mollusks, marine fishes, crustaceans, algae, aquatic plants, and other organisms. The increasing awareness about the ocean farming method and growing adoption of sustainable methods of farming are expected to drive the growth of global ocean farming market during the forecast period. Besides, growing investments in technological research and product innovation, lifestyle changes, increasing demand for nutritious food, surge in number of start-ups, and rising support from governments are some of the other factors which support the growth of global ocean farming market. 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In addition, these technologies help in minimizing potential environmental impacts, and provide complete information about habitats and species present in the ocean, industries in the area, and hazards to aquaculture (such as shipwrecks or undersea cables). Recent Developments •Ocean Reef Group, an Italian ocean diving company has been experimenting since 2012 with cultivating orchids, strawberries, lettuce, and basil in pods on the ocean floor under the project called “The Nemo’s Garden Project”. Ocean farmers have discovered a way to grow land-based crops on the surface of the ocean floor. It is the first underwater cultivation place of terrestrial plants. •In 2019, the start-up Alora (formerly known as Agrisea) has developed a salt-tolerant growing aquaculture technology which is used to expand food production into salinated bodies of water. Alora raised a $1.4 million seed round, controlled by Mistletoe Singapore, and Toyota Ventures. •Since May 2019, Floating Farm are operational in Rotterdam which was created by Dutch farmers. It is a first floating farm in the world and produces fresh food in the city, in a sustainable, transparent way, along with animal welfare as a topmost priority. Market Segmentation Global ocean farming market is segmented into product type, and culture system. Based on product type, the market is divided into aquatic animals, aquatic plants, and land base plants. Aquatic animals are further subcategorized into marine fish, shrimps, tilapia, crustaceans, molluscs, and others. Aquatic plants are further categorized into seaweeds, microalgae, and others. Land based plants segment are further bifurcated into strawberries, orchids, basil, lettuce, and others. Based on culture system, the market is categorized into enclosed sections of the open ocean, farms built on coastal waters, and artificial tanks or ponds. In terms of country, the United States is expected to be a lucrative market in the forecast period due to the rising demand of seafood in the country. Market Players Ocean Reef Group, Alora (Agrisea), Innovasea Systems Inc., Open Ocean Farming, Ocean Farming AS, (SalMar Group), Sea6 Energy Pvt. Ltd., Atlantic Ocean Aquaculture (AOA), Coastal Shellfish Corporation, Ocean Rainforest, and SalMar Aker Ocean are some of the leading companies operating in the market. Report Scope: In this report, global ocean farming market has been segmented into following categories, in addition to the industry trends which have also been detailed below: •Ocean Farming Market, By Product Type: oAquatic Animals §Marine Fish §Shrimps §Tilapia §Crustaceans §Molluscs §Others oAquatic Plants §Seaweeds §Microalgae §Others oLand Based Plants §Strawberries §Orchids §Basil §Lettuce §Others •Ocean Farming Market, By Cultural System: oEnclosed Sections of the Open Ocean oFarms Built on Coastal Waters oArtificial Tanks or Ponds •Ocean Farming Market, By Region: oNorth America §United States §Canada §Mexico oEurope §Germany §France §United Kingdom §Spain §Italy oAsia-Pacific §China §India §Japan §Australia §South Korea oSouth America §Brazil §Argentina §Colombia oMiddle East & Africa §South Africa §Saudi Arabia §UAE Competitive Landscape Company Profiles: Detailed analysis of the major companies present in ocean farming market Available Customizations: With the given market data, offers customizations according to a company’s specific needs. The following customization options are available for the report: Company Information •Detailed analysis and profiling of additional market players (up to five). Browse our full report with Table of Content: https://www.bharatbook.com/report/1391674/ocean-farming-market-global-industry-size-share-trends-opportunity-and-forecast-segmented-by-product-type-aquatic-animals-aquatic-plants-land-base-plants-by-culture-system-enclosed-sections-of-the-open-ocean-farms-built-on-coastal-waters-artificial-tanks-or-ponds-by-region-and-competition About Bharat Book Bureau: Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,00,000 reports and insights that includes latest Market Study, Market Trends & Analysis, Forecasts Customized Intelligence, Newsletters and Online Databases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors. 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