Sarasota, FL, Sept. 28, 2016 (GLOBE NEWSWIRE) -- Zion Research has published a new report titled “Aquaculture Market (Carp, Molluscs, Crustaceans, Salmon, Trout and Other Fish) by Culture (Marine Water, Fresh Water and Brackish Water): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”. According to the report, global demand for aquaculture market was valued at USD 156.27 billion in 2015 and is expected to reach USD 209.42 billion in 2021, growing at a CAGR of 5.0% between 2016 and 2021. In terms of volume, the global demand for aquaculture stood at 71,190-kilo tons in 2015.
Aquaculture is a farming of aquatic animals. It is also called as aqua farming which extensively cultivates the variety of fish such as shrimp, oysters, clams, salmon, mussels and others for various end-uses. The concrete ponds are built for cultivation and harvesting of fish species. New techniques are likely to grow this occupation during the coming years.
Browse through 23 Market Tables and 29 Figures spread through 110 Pages and in-depth TOC on “Aquaculture Market: By Culture, Products, and Geography”.
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Aquaculture production in North America has had a strong growth in the past few decades. The growing population is projected to the increase the annual seafood demand. This, in turn, is expected to grow the market of aquaculture in coming years. Moreover, demand for the aquaculture industry in Canada and the United States is expected to grow at robust CAGR in near future. This growth is attributed to strong institutional support for aquaculture and government commitments to promote industry expansion. For instance, in the United States, the Department of Commerce established an aquaculture policy to foster the progress of a highly competitive and sustainable aquaculture industry.
Fish is an important diet food among the population in Europe. However, Europe is an attractive market for aquaculture over the last two decades. Over coming years a moderate rise in fish consumption is expected in Western Europe. Nonetheless, strong scope exists for a considerable increase in Central and Eastern Europe. The various economic issues that have contributed to low disposable incomes for most countries in Central and Eastern Europe is expected to slow down the growth of aquaculture in near future. Strong support from government and advancing technologies are likely to offer a significant growth in near future.
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Asia Pacific was the market for aquaculture in 2015. China is a major contributor in the region. It is also predicted to continue its dominance over the coming years. Different schemes and promotion activities to accelerate the aquaculture industry by government is likely to boost the demand for aquaculture within the forecast period. Adoption of new trends in aquaculture industry especially in economies such as China, South Korea, Japan and Indonesia is expected to register the lucrative growth during the next few years.
Latin America is a region which has a wide scope of growth for the aquaculture industry. The socio-economic conditions are the major issue in the region. On another hand, Chile, Brazil, and Costa Rica are major countries that are expected to contribute the promising market of aquaculture during the years to come. Salmon and trout are the major products that are cultivated in the region and the increasing demand from other regions are likely to positive impact on aquaculture industry in next few years.
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The Middle East is also predicted to have the good market in near future owing to the increasing population and demand for food consumption. This growth is attributed to penetration of modern techniques, transport & logistics and investment for the fishing industry in the region. This parameter is likely to witness the substantial growth for aquaculture market over the years to come.
Some of the key participants operating in the global aquaculture market include Nireus Aquaculture S.A., Blue Ridge Aquaculture, Cermaq ASA, Cooke Aquaculture Inc., Tassal Group Ltd., The Waterbase Limited, Zeal Aqua, Selonda Aquaculture S.A., Carter & Sons Ltd and NSF Certification UK Ltd among others.
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The report segments the global aquaculture market as:
Global Aquaculture Market: Culture Analysis
- Marine Water
- Brackish Water
Global Aquaculture Market: Product Analysis
- Other Fish
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Global Aquaculture Market: Regional Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East & Africa
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