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Aquaculture Market Poised to Grow at a CAGR of 4% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Aquaculture Market. The report presents analysis of global as well as regional markets of aquaculture market over the period of 2016 to 2024. Aquaculture is also known as aquafarming. Aquaculture is the farming of fish, aquatic plants, crustaceans, algae, molluscs and other organisms. It is an occupation in which fishing farming, is accomplished in the different cultures such as freshwater, brackish water and marine water. 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. Furthermore, these fish are commercialized for different uses such as dietary supplement, food industry and others. Increasing consciousness about the benefits of consuming sea-foods is providing a motivation for the growth in the global aquaculture market. Further, aquaculture can help meet the growing demand for protein worldwide, 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. Moreover, distant from being a noticeable food source, aquaculture is extensively used for decoration by setting up aquariums, indoor waterfalls and other water-based systems for attractive and charming look of the house.



Thus increasing demand for aquaculture for beutification to enhance to the global aquaculture market. Besides, by producing more seafood that is inexpensive and rich in nutrition, aquaculture can help improve food security and livelihoods for the worlds poorest. However, the opposing climatic conditions and lack of necessary technology in underdeveloped and in some developed areas are hampering the market growth. Additionally, new developing trends such as adoption of rice-fish culture, in aquaculture is expected to create new opportunities for the major manufacturer of the global aquaculture market in upcoming future. In terms of geographic, Asia Pacific accounted the maximum growth of the aquaculture products market. In Asia Pacific region the factors such as lavish of natural resources, suitable weather conditions and cheap labors are likely to prompt the demand of aquaculture in this region. 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. In 2030 emerging middle class in China will become a large market for fish. With increased investment in aquaculture, China will produce 37% of the world’s fish and consume 38% of the fish the world eats. Furthermore, North America and Europe is possibility to have lucrative growth over upcoming years owing to the high perception of advanced techniques and tools helps in driving the growth of the market, Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global aquaculture market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

 

Get 15% discount for early purchase of global aquaculture market report by clicking the following link, Use code IGRD15 to request the discount in the given form


https://www.infiniumglobalresearch.com/reports/request-discount/1797

 

 

The recent report identified that Asia Pacific dominated the global aquaculture market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the aquaculture market worldwide.

 

The report segments the global aquaculture market on the basis of Culture Analysis and Product Analysis.

 

Global Aquaculture Market by Culture Analysis

·         Freshwater

·         Marine Water

·         Brackish Water

 

Global Aquaculture Market by Product Analysis

·         Salmon

·         Carp

·         Crustaceans

·         Trout 

·         Other Fish

 

Companies Profiled in the Report

·         Thai Union Frozen Products Public Company Ltd.

·         Selonda Aqauculture S.A.

·         Nireus Aquaculture S.A.

·         Huon Aquaculture Group Pty Ltd.

·         Cooke Aquaculture Inc.

·         Blue Ridge Aquaculture

·         Tassal Group Ltd.

·         Stehr Group Pty Ltd.

·         Promarisco

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.