Global Aquaculture Market-Outlook, Opportunity, Projects, Application and Company Analysis 2018-2024

According to the Food and Agriculture Organization (FAO), aquaculture means the farming of aquatic organisms including fish, molluscs, crustaceans and aquatic plants. This is also known as aquafarming. Aquaculture includes cultivating saltwater and freshwater populations under controlled conditions and can be compared with commercial fishing that is the harvesting of wild fish. At the village levels, Fish farming has been a traditional means of producing food. Aquaculture includes cultivating saltwater and freshwater populations under controlled conditions and can be compared with commercial fishing that is the harvesting of wild fish. In ideal conditions, different spices of fish are cultivated and harvested through aquaculture farming.

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Rapidly increasing demand for aquaculture across the world drives the growth of the global aquaculture market. Fish and other aquatic animals are the cheapest sources of animal protein. They play a vital role to fulfil the growing demand for protein worldwide. They provide high protein content and nutritional efficiency that increases its popularity in the pharmaceuticals. Aquaculture offers inexpensive and rich in nutrition sea-foods and helps help improve food security and livelihoods for the worlds poorest. In addition, an increase in the usage of fish oil for various uses such as pharmaceutical, dietary supplements, healthcare and food industry is expected to drive the demand for aquaculture in upcoming years.

Market Segmented by Product

On the basis of Product the global aquaculture market is segmented as, Carp, Crustaceans, Trout, and other fish.  Aquaculture production usefully fulfils many governmental development policies including securing supplies of fish for domestic consumption; increasing foreign exchange earnings; increase producers' incomes, and providing employment opportunities. Thus, favourable government policies are contributing to the growth of the aquaculture market.

Regional Analysis

Among the geographies, Asia Pacific is the largest and fastest growing region in the aquaculture market.  The key factors that drive the growth of Asia Pacific aquaculture market include the adoption of rice-fish culture, lavish of natural resources, suitable weather conditions and cheap labours. As per the new World Bank report projects that in 2030, 62% of the seafood that will end up on people’s plates will come from fish farms, which will grow production to meet rising demand, especially from Asia where 70% of fish will be consumed.

Competitive Landscape

The report provides profiles of the companies in the global aquaculture market such as Thai Union Frozen Products Public Company Ltd., Selonda Aquaculture S.A., Nireus Aquaculture S.A., Huon Aquaculture Group Pty Ltd., Cooke Aquaculture Inc., Blue Ridge Aquaculture, Tassal Group Ltd., Stehr Group Pty Ltd. and Promarisco.

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