Aquaculture Market Size , Share , Trends , Analysis and Forecasts To 2022
Global Aquaculture Market is estimated at $ 160.8 billion in 2015 and is expected to reach $ 242.9 billion by 2022 growing at a CAGR of 6.0 % during the forecast period . Rising practice of fish farming and rice , which aims at growing yields of rice grains and fishes is likely to open new opportunities for the development of the market in the future . Increasing awareness of physical condition is the major opportunity , whereas unfavourable climatic conditions are hampering the market growth . Aquaculture is presently the highest growing food production system worldwide . It remains a lively and essential production sector for protein food . The increasing prices and convenience of lowpriced wild fish has decreased very much and aquaculture has emerged as a good alternative to confine fisheries segment .
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Carps were the major product segment within the marketplace and estimated for more than 30 % of the global production in 2015 . Molluscs such as mussels and clams have been an essential food resource and are likely to observe the maximum growth . China commanded aquaculture manufacturing and accounted for more than 44 % of the global share in 2015 . In addition , this region is expected to observe the fastest growth during the forecast period . Ease of accessibility of resources and induced environment for aquaculture are some of the factors which are estimated to contribute for the market growth .
Some of the key players in the market include , Cermaq , Huon Aquaculture , Quadra Pacific Netloft , Marine Harvest , Eastern Fish , quabounty Technologies , Taylor Shellfish , Nireus Aquaculture , Stolt Sea Farm , Selonda Aquaculture , Blue Ridge Aquaculture , Cooke Aquaculture and Tassal group Ltd .
Type of Environment : Inland Brackish water Freshwater Marine
Type of Utilization Covered : Non-food uses Human consumption Freezing Fresh produce Canning Curing
Products Covered : Salmon Trout Molluscs