The purpose of the study is to give an exhaustive outlook of the global Aquaculture Industry. Aquaculture is gaining prominence in the animal farming market due to the rising demand for seafood globally. Fishes are recognized as the most protein rich food containing high amounts of Omega 3. This has resulted in a rising demand for seafood among health conscious population, thereby driving the demand for seafood. Developing countries are engaging in aquaculture to increase their foreign exchange reserves by importing to developed countries, where the demand for seafood is the highest.
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Increasing fishing activities across the globe has resulted in the depletion of aquatic ecosystem. Therefore, the demand for aquaculture as a substitute to natural fishing is witnessing a substantial growth. Aquaculture or aqua farming is the farming of crustaceans, fishes, mollusks, and other organisms under controlled conditions. It includes breeding, rearing and harvesting of fishes in every type of water environments.
There has been a strong demand for high cost species like oysters, shrimps and prawns in most of the developed countries. This has encouraged countries to engage in aquaculture to bridge the demand supply gap and increase their overall foreign exchange
By Water Source, 2015 – 2025 (Revenue)
· Fresh Water
· Brackish Water
· Marine water
By Fish Type, 2015 – 2025 (Revenue)
· Fin Fish
· Shell Fish
By Consumption, 2015 – 2025 (Revenue)
· Food Use
· Non Food Use
With the development of Internet of things (IoT), the use of devices such as the smart sensor to monitor water quality and make real time adjustment to maintain optimal conditions has been triggered. The major driver of seafood industry is the rise in global demand for seafood, resulting in overexploitation of natural resources from captured fisheries. To reduce over-fishing and prevent the extinction of endangered fish species, governments across the globe are implementing several restrictive regulations on fishing.
In terms of regional demand for aquaculture market growth, Asia Pacific is the dominant region with China leading the production in this region. According to the United Nation’s Food and Agriculture Organization, China’s aquaculture output accounted for more than 60% of the total global output. Aqua feed in this region is carried out in state farms, communes or through cooperative endeavor.
The developing countries in this region are taking up aquaculture in order to increase their economic health via seafood imports to the developed countries, where its demand is rising continuously. The industrially developed regions such as North America and Europe, aquaculture is carried out by private companies. These regions are expected to show a healthy growth with modest expansions during the forecast period.
Majority of the aquacultured fishes are consumed for food owing to the ever increasing food demand globally. The consumer shift towards seafood as a protein source has increased the demand for exotic fish species such as oysters, thereby increasing the demand for seafood.
Table of Content (TOC):
Chapter 1 Introduction and Overview
Chapter 2 Industry Cost Structure and Economic Impact
Chapter 3 Rising Trends and New Technologies with key players
Chapter 4 Global Aquaculture Market Analysis, Trends, Growth
Chapter 5 Aquaculture Market Application and Business with Potential Analysis
Chapter 6 Global Aquaculture Market Segment, Type, Manufacturers
Chapter 7 Global Mobile Phones Segment Market Analysis (by Application)
Chapter 8 Major Key Vendors Analysis of Aquaculture Market
Chapter 9 Development Trend of Analysis
Chapter 10 Conclusion
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