The worldwide aquaculture market is estimated to attain a size of more than USD 200 by 2020. Aquaculture refers to farming of fish and other aquatic animals. Increased consumption of sea food and understanding of health benefits with regard to sea food among clients is one of the key factors that drives the aquaculture market. Furthermore, the demand of the aquaculture market will increase further by the absence of naturally accessible varieties due to widespread fishing.
Fish-rice culture will act as a vital prospect, driving the growth of the market in the next 6 years. Aquaculture involves handling brackish water, marine water and fresh water species, like mollusks, carps, salmons and crustaceans in artificial conditions. The aquaculture market has been expanding in relation to modernization and rising income of individuals.
The demand for aquaculture across the world was more than 69, 000 kilotons in 2013. This demand is likely to increase from 2014 to 2020, at a CAGR of 2 percent and will reach more than 80, 000 kilotons by 2020. Management of diseases and feed supply are some of the difficulties faced by the aquaculture market. The fish-rice culture is deemed fit for cultivating fish and rice and is something that will improve the aquaculture market conditions.
Carps were the biggest product sector in 2013 and made up for more than 25, 000 kilotons of the aquaculture demand across the globe. They are growing from 2014 to 2020, at a CAGR of more than 2 percent, and will reach more than 29, 000 kilotons by 2020.
Mollusks were the second biggest product sector. They had an aquaculture market demand of more than 16, 000 kilotons in 2013, as they were very advantageous to health. The other products are crustaceans, milkfish, salmon, mackerel, trout, sea bass, sea bream and others. Crustaceans are rich in proteins and good for health. Mackerels contain omega 3 fatty acids.
These acids bring about equilibrium in the metabolism. Salmons are rich in vitamin D, proteins and omega 3 fatty acids. Sea bass and sea bream are rich in magnesium, phosphorous, selenium and Vitamin B6.
Culture Environment Overview
Fresh water was the biggest culture environment for aquaculture, occupying a share of more than 60 percent in the auqaculture market in 2013. It will rise fast, from 2014 to 2020, at a CAGR of more than 2 percent and has been analyzed on local and global levels.
China was the biggest aquaculture market, making up for around 53 percent of the share in the worldwide market. It was worth near about USD 78, 000 million in 2013.
This market will expand fast due to favorable circumstances. Asia Pacific was the second biggest aquaculture market with a demand of almost 18 kilotons in 2013. It will grow from 2014 to 2020, at a CAGR of around 2 percent. The other regions of the aquaculture market are Europe, North America and rest of the world. The link, http://www.grandviewresearch.com/industry-analysis/aquaculture-market is very useful in exploring the aquaculture market further and needs to be checked outo for reference purposes.