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  • 22 April 2019 21:03

Major Producers Of Aquaculture Market Are China, India, Vietnam, Indonesia, And Thailand

Aquaculture Market By Environment (Fresh Water, Marine Water, Brackish Water) By Product (Crap, Crustaceans, Mackerel, Milkfish, Mollusks, Salmon, Sea Bass, Sea Bream, Trout) And Region - Global Forecast To 2026

Introduction:

Aquaculture is the process of breeding, rearing, and harvesting of fish, shellfish, plants, algae, and other organisms in all types of water environments. As per product requirements there are some available water environment options such as fresh, marine, and brackish for aquaculture. At the time of farming, some environmental concerns need to be taken care of such as water flow considerations, parasites, pollution from effluents, handle escapees, and unhealthy culture conditions.

Global Aquaculture Market Dynamics:

Consumption of seafood has been witnessing a steady increase in the recent past, owing to rising awareness regarding health benefits and nutritional value associated with seafood is expected to drive Aquaculture Market growth. Salmon and shrimps are rich nutritional sources comprising proteins, vitamins, minerals, and omega-3 fatty acids.

Natural fisheries have limitations on how many fish can be caught and are only available during certain months/time of the year. As an alternative, aquaculture market can provide large and consistent quantities of seafood in a monitored and maintained environment.

Analysis By Segmentation:

The Others product segment which includes herrings, sardines, anchovies, eels, etc. is expected to be largest segment with a revenue US$ 44.4 Bn in 2017, and is expected to continue its dominance during the forecast period.

The aquaculture market in Asia Pacific is estimated to account for major revenue share of US$ 102.3 Bn in 2017, while the market in Asia Pacific is expected to register a lucrative CAGR in next ten years owing to growing demand for seafood in the region. North America is expected to be second fastest growing region. Increasing government initiatives for development of the aquaculture sector in the US are expected to drive growth of the North America market.

Key players operating in the global aquaculture market include Cermaq Group AS, Cooke Aquaculture Inc., Grupo Farallon Aquaculture, Lerøy Midt AS, Marine Harvest ASA, P/F Bakkafrost, Tassal Group Limited, Thai Union Group Public Company Limited, Blue Ridge Aquaculture, Inc., and Huon Aquaculture Group Limited

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