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Global Aquaculture Market Expected High Growth Opportunities in the Future Due to Many Benefits Associated with Consumption of Fish
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The global aquaculture market is segmented on the basis of culture environment, and product.. On the basis of culture environment, the global aquaculture market can be segmented into freshwater, marine water, and brackish water. The market by product segment can be categorized into salmon, milkfish, trout, carps, mollusks, crustaceans, mackerel, sea bass, sea bream, and others.
The growth in aquaculture is also driving the growth in demand for feed, chemicals, and equipment required for aquaculture supply and storage. Large number of farmers have shifted from natural food sources or farm-made products, to commercial feeds over, which is a trend witnessed during the recent period in the aquaculture market. Water enclosing dense populations of fish gets quickly foul, which has amplified the demand for water treatment chemicals. The demand for aqua feed pharmaceuticals and supplements is expected to grow, as fishes are vulnerable to diseases on account of their increasing numbers in water. The ease of accessibility of natural resources, cheap labor, and favorable environment for aquaculture (such as fish vaccination and chemical treatment of water) are some of the important factors, which are anticipated to drive significant growth for the market in the near future.
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South America is expected to develop and expand its presence in the aquaculture industry, as Chile has recovered from the outbreak of salmon anemia infection. The major competitors of the global aquaculture market include Blue Ridge Aquaculture Inc., Cermaq Group AS, Marine Harvest ASA, Huon Aquaculture, Cooke Aquaculture, Eastern Fish Company, and Tassal Group Ltd., among others.
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