According
to a recent market study published by Transparency Market Research,
the global
aquaculture market is poised to rise at a CAGR of 5.10% between
2013 and 2019. This will result in the market’s valuation
increasing from US$135.1 bn in 2012 to US$195.1 bn by 2019. The
report, titled “Aquaculture Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast, 2013 - 2019,” is
available for sale on the company’s website.
Aquaculture
comprises a range of activities such as fish farming, shrimp farming,
and oyster farming among others. It could be carried out in brackish
water, marine water, or freshwater depending on the needs of the
species being bred.
Across
the world, the rapid depletion of fish in their natural habitats is
the primary factor fueling the growth of the global aquaculture
market. This has led the aquaculture market to account for 50% of all
fish consumed as food worldwide in 2012. The increasing awareness
about the health benefits of fish consumption is also significantly
contributing to the market’s growth. However, the deterioration of
aquatic ecosystems and unforeseen weather changes are key factors
restraining the market’s growth.
The
rising adoption of poly-culture practices, wherein fish farming is
alternated with crop cultivation, will open new opportunities for the
market’s growth. This will also help to provide additional food and
income to farmers by diversifying farm activities.
Presently,
aquaculture accounts for a smaller share than capture fisheries in
the global fisheries industry. Nevertheless, aquaculture is expected
to surpass the capture fisheries market and become the prime source
of fish food in the years to come. As per data released by the
Organization of Economic Co-operation Development (OECD), capture
fisheries’ output is expected to grow by 5% by 2022. On the other
hand, aquaculture is expected to rise by a whopping 35% by the end of
2022.
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a Brochure of this Report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=773
By
product type, carps, crustaceans, salmon, sea bream, trout, mollusks,
milkfish, sea bass, mackerel, and others are the segments of this
market. Of these, the carps segment currently leads due to carps’
higher resistance to unfavorable environmental conditions as compared
to other aquaculture species. In the coming years, clams, mussels,
and mollusks will display the fastest growth rate during the forecast
period. This is mainly due to the rising awareness about the health
benefits of these fishes. Mollusks will display the fastest growth
rate at a CAGR of 2.6% from 2013 to 2019.
On
the basis of culture environments, this report divides the market
into brackish water, freshwater, and marine water. In 2012,
freshwater aquaculture was registered as the largest culture
environment segment and held a share of more than 60% in the global
market.
Geographically,
in 2012, China held a clear lead with a share of more than 60% in the
global aquaculture market. In the 2013-2019 period, China will
display the fastest growth rate due to the easy availability of labor
at low wages and abundance of natural reserves for aquaculture
farming.
Global
aquaculture market is segmented as:
Aquaculture
Market: Culture Environment Segment Analysis
- Freshwater
- Marine water
- Brackish water
Aquaculture
Market: Product Segment Analysis
- Carps
- Mollusks
- Crustaceans
- Salmon
- Milkfish
- Trout
- Mackerel
- Sea Bream
- Sea Bass
- Others (Catfish and turbot)
Aquaculture
Market: by Region
- North America
- Europe
- Asia Pacific (excluding China)
- China
- Rest of the World (RoW)
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