According to MarketIntelReports “Aquaculture Market by Environment (Fresh Water, Marine Water, and Brackish Water) and by Fish Type (Carps, Crustaceans, Mackerel, Milkfish, Mollusks, Salmon, Sea Brass, Sea Bream, Trout, and Others) – Global Opportunity Analysis and Industry Forecast, 2014-2022”:
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Aquaculture also called aqua farming, is the farming of aquatic organisms like fish, mollusks, crustaceans, and aquatic plants. It implies intervention in the rearing process for enhancing production like regular stocking, feeding, and protection from predators. Aquaculture systems also imply individual or corporate ownership of the stock being cultivated. The food security supply which is due to increase in the global population drives the demand for aquaculture fish farming. New technological advancement in the rearing of fish and cultivation of sea plants drives the Aquaculture Market. The rise in the concern towards change in the climate and global warming are the factors that restrain the growth of the market.
Scope & Regional Forecast of the Aquaculture Market
Increasing consumer awareness of health benefits associate with seafood and growing consumption serves as a driving factor for the Aquaculture Market. The market is likely to expand due to the lack of natural available varieties due to extensive fishing. Rice fish culture is expected to serve as a growth opportunity for fisheries and aquaculture over the next six years. The demand for carps is expected to grow since it is the prime cultivated fish due to its high compatibility with non-environmental conditions its use in the aquaculture farm.
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Reduction in catchments of aquaculture fish farming across the world is likely to drive the Aquaculture Market. Usage of fish oil for different industries like dietary supplements, food industry, healthcare, and pharmaceutical is likely to boost the demand for the aquaculture farm in the near future. But the adverse climatic conditions restrain the market for sustainable aquaculture. New developing trends in the aquaculture industry like the adoption of rice fish culture will open avenues for manufacturers in marine aquaculture.
Abundance of natural resources, cheap labours, and suitable weather conditions are expected to fuel the demand for the Aquaculture Market in China in the near future. North America and Europe are likely to experience lucrative growth in aquatic farming due to increase in the number of advanced techniques and tools.
Segmentations & Key Players Involved in the Aquaculture Market
The Aquaculture Market can be broken down into various segments as follows:
- Environment- Fresh Water, Marine Water, Brackish Water.
- Fish type- Carps, Crustaceans, Mackerel, Milkfish, Molluscs, Salmon, Sea Brass, Sea Bream, Trout, and others.
- Region- North America, U.S., Mexico, Canada, Europe, Russia, Norway, Iceland, Rest of Europe, Asia-Pacific, China, and India.
Some of the key players involved in the Aquaculture Market are as follows:
- Cermaq Group AS (Mitsubishi Corporation)
- Cooke Aquaculture Inc.
- Grupo Farallon Aquaculture
- Leroy Sea Food Group
- Marine Harvest ASA
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