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Total Views: 90Word Count: 311See All articles From Author Aquaculture Market|Application Estimates & Trend Analysis by 2020
by rajsingh50901 · December 6, 2018
6 Dec 2018 – The global Aquaculture Market is expected to be valued at USD 202.96 billion by 2020. This may be primarily attributed to the growing seafood consumption paired with rising economic importance associated with fisheries. The proportion of aquaculture in the global fisheries industry has so far been small compared to captured fish Camiseta Diego Godin Atletico Madrid , thus, considerable efforts are being made to enhance aquaculture activities worldwide. The aquaculture market is anticipated to surpass the capture fisheries market as the primary source for seafood consumption. Aquaculture is defined as the cultivation of fresh, marine and brackish water species such as oysters, fish Camiseta Blank Atletico Madrid , and shrimp under guided climatic conditions. It includes varied activities such as shrimp farming, oyster farming, and fish farming.
The depleting volume of captured fish in the global reserves due to extensive fishing in the past two to three decades is considered as one of the major driving factors for industry growth. Growing consumer concerns associated with the consumption of fish and other fish products followed by a surge in consumption of fish is expected to spur product demand over the next few years. The enhanced practice of poly-culture systems such as fish and rice farming, designed to increase yield is envisaged to open new avenues for industry growth. Escalating demand for seafood owing to rising population coupled with increasing buyer purchasing power is anticipated to catapult growth. Growing belief of fish being a heart-healthy form of the protein is also expected to drive product demand significantly. Lack of technological development and adverse environmental conditions are anticipated to hamper growth. The market being pregnable to the unfavorable climatic condition has led to the outbreak of several diseases. Additionally Camiseta Vitolo , unsustainable development may damage the already stressed coastal areas. The aforementioned factors may hinder production and the overall industry growth over the next seven years.
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The industry can be segmented on the basis of culture environment and product. On the basis of culture environment, the market can be segmented into brackish water, fresh water and marine water. Based on product, the market can be segmented into sea bass Camiseta Diego Costa , mackerel, milkfish, crustaceans, carps Camiseta Gelson Martins , sea bream, trout, salmon, mollusks Camiseta Rodri , catfish, and turbot. Fresh water may emerge as the fastest growing culture environment segment. Factors such as simulation of the culture environment in enclosed areas including concrete raceways, cages and ponds are likely to contribute towards industry growth. Marine water is expected to witness significant growth owing to the increasing consumer demand for fishes breed in sea water.
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