Rapidly Depleting Volume of Captured Fish Drives Demand for Aquaculture, Global Market to be worth US$195.1 bn by 2019

The report, titled “Aquaculture Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, recently published by the market research company Transparency Market Research presents a professional analysis of the global aquaculture market. The report forecasts the state of the market over the period between 2013 and 2019 on a global as well as regional level on the basis of revenue and volume.

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The report states that the global aquaculture market, which had a valuation of US$135.1 bn in 2012, will expand at a 5.10% CAGR between 2013 and 2019, and rise to a valuation of US$195.1 bn by 2019. The rapidly depleting volume of captured fish across global reserves is the key factor driving the global aquaculture market. Rising awareness regarding the health benefits of consumption of fish is another factor driving demand for aquaculture fish. However, climatic conditions that do not support the healthy growth of a variety of fish cultures are the key factor restraining the market’s growth to a certain extent.

While the current share of aquaculture in the global fisheries industry is less as compared to capture fisheries, the gap is projected to be overcome at a rapid pace and the market for aquaculture is expected to surpass the market for capture fisheries and become the prime source of consumption by 2015.The report segments the global aquaculture market based on three criteria: product type, culture environment, and geography. On the basis of product type, the market is segmented into carps, mollusks, crustaceans, milkfish, salmon, sea bass, sea bream, mackerel, trout, and others. The types of culture environments studied in the report include brackish water, marine water, and fresh water. On the basis of geography, the market is segmented into North America, Asia Pacific (excluding China), China, Rest of the World (RoW), and Europe.

Of the types of culture environments studied in the report, the market for freshwater aquaculture held over 60% of the overall market in 2012. Of the key product types studied in the report, the market for carps led the overall market owing to their higher compatibility to tough environmental conditions as compared to other fishes. The market segments of clams, mollusks, and mussels are expected to expand at the fastest pace over the report’s forecast period.Geographically, China exhibited a clear dominance on the global aquaculture market in 2012, accounting for over 60% of the market. Apart from being the largest market segment, the report projects that China will also be the fastest developing market segment over the report’s forecast period owing to factors such as easy availability of cheap labor and natural reserves and resources.

With the help of detailed business profiles of the some of the leading vendors in the market and an analysis of recent developments observed in the global aquaculture market, the report presents a detailed overview of the competitive landscape of the market. Some of the companies whose business profiles are included in the report are Asmak, Blue Ridge Aquaculture, Cooke Aquaculture Inc., Cermaq ASA, Eastern Fish Co., Marine Harvest ASA, Huon Aquaculture Group Pty Ltd., Promarisco, Nireus Aquaculture S.A., Stolt Sea Farm, Selonda Aqauculture S.A., Stehr Group Pty Ltd., Thai Union Frozen Products Public Company Ltd., and Tassal Group Ltd.

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)

The report provides a cross-sectional analysis of all the above product

segments with respect to the following regions:

North America
Europe
Asia Pacific (excluding China)
China
Rest of the World (RoW)

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This release was published on openPR.