Aquaculture Market Analysis By Culture Environment (Fresh Water, Marine Water, Brackish
Water), By Product (Carps, Crustaceans, Mackerel, Milkfish, Mollusks, Salmon,
Sea bass, Sea bream, Trout) And Segment Forecasts To 2020
The global aquaculture market size was 69,230.0 kilo tons in 2013. Rising awareness among consumers pertaining to various health benefits offered by seafood is expected to drive global market demand over the forecast period.
Increased deep sea fishing activities
globally have resulted in limited availability of fresh fish thus fuelling
demand for cultured varieties. The market has witnessed growth due to
urbanization and increasing disposable income of working population leading to
high consumption of protein rich foods. The global market is estimated to
generate revenues worth USD 202.96 billion by 2020.
Rice-fish culture includes fish farming in
rice fields and proves beneficial for both, thus opening new avenues for market
growth. Fish are provided with a safe living environment in these dense rice
plants and simultaneously, protect rice saplings from insects while circulating
oxygen around.
Fresh water was the largest culture
environment accounting for 60% of total production in 2012. Limitation of
actual surroundings in ponds, cages and concrete raceways has resulted in
increasing fish farming activities fresh water. Higher acceptance among
consumers owing to favorable breeding environment is expected to propel demand
for fresh water aquaculture over the forecast period.
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Market @ http://www.grandviewresearch.com/industry-analysis/aquaculture-market
Due to rising consumer demand for sea water
fish, marine water-based aquaculture market is projected to grow at a CAGR of
2.2% by 2020. Rack & line farming along with sea ranching and intensive
aquaculture are methods which are being implemented depending upon the type of
fish or shellfish.
Carp dominated the global aquaculture
industry accounting for over 35% of the market volume in 2013. They are
cultivated in fresh water owing to high environmental compatibility.
Aquaculture for crustacean is expected to grow at a CAGR of 4.9% in terms of
revenue from 2014 to 2020 due to high protein content.
Mackerel is a rich source of omega-3, and
salmon is high in protein and vitamin D content. Sea bream and sea bass are
low-calorie species with rich content of vitamin B6, phosphorous and selenium,
and are preferred as low-calorie diet.
China dominated the global market supplying
over half the quantity of farmed fish. China aquaculture market was valued at
USD 77.90 billion in 2013 and is expected to witness rapid growth over the
forecast period due to low-cost labor, favorable climate and ample availability
of natural resources.
Asia Pacific aquaculture market is expected
to grow on account of higher fish consumption in coastal regions including
Australia, India, Japan and numerous South Eastern countries. Local
civilizations are known to practice small scale aquaculture since ancient times
in South East Asia and Pacific in the form of shellfish, shrimp and sea
cucumbers cultivation and seaweed farms.
The global aquaculture industry is
fragmented in nature owing to the presence of numerous companies. In addition,
the market is highly unorganized, particularly in Asia Pacific, due to the
presence of numerous local small-scale companies practicing aquafarming. Key companies
in the market include Cermaq ASA, Blue Ridge Aquaculture, Cooke Aquaculture
Inc., Nireus Aquaculture S.A, Stehr Group Pty Ltd., Tassal Group Ltd. and
International Fish Farming Co. - Asmak.
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Research at: https://www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods
Grand View Research has
segmented the global aquaculture market on the basis of culture environment,
product and region:
Aquaculture Culture Environment Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
·
Fresh Water
·
Marine Water
·
Brackish Water
Aquaculture Product Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2020)
·
Carps
·
Crustaceans
·
Mackerel
·
Milkfish
·
Mollusks
·
Salmon
·
Sea Bass
·
Sea Bream
·
Trout
·
Other species
Aquaculture Region Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2020)
·
North America
·
Europe
·
Asia Pacific (excluding China)
·
China
·
RoW
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Aquaculture Market@ https://www.grandviewresearch.com/press-release/global-aquaculture-market
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