Aquaculture Market is Creating Billion-Dollar While No One is Looking Aquaculture Market

MarketResearch.biz announces publication of its most recently generated research
report titled, "Global Aquaculture Market", which offers a holistic view of the
aquaculture market through systematic segmentation that covers every aspect of the
target market. The first five-year cumulative revenue (2017-2021) is projected to
be US$ 961.8 Bn, which is expected to increase rather moderately over the latter
part of the five-year forecast period.
Aquaculture is an occupation in which fishing farming is practiced in the different
cultures such as marine water, freshwater, and brackish water. It is the procedure of
breeding, rearing, and harvesting fish, shellfish, plants, algae, and other aquatic
organisms in various types of water environments. Harvested fish are further used in
various end-use applications such as in the food industry, in dietary supplements,
healthcare and pharmaceutical products, cosmetics, fish meal, etc.
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Global Aquaculture Market: Market Dynamics
Increasing government strategic initiatives is a key factor expected to fuel growth of
the global aquaculture market. For instance, the government
of Australia provided US$ 1.85 Mn to establish two aquaculture development zones
in the Kimberley and Mid-West regions of Western Australia in 2014. On 22 August
2014, the Minister for Fisheries declared the Kimberley Aquaculture Development
Zone in Cone Bay, which was the first aquaculture development zone to be
established in Western Australia, and is an area of 2,000 hectares that can
sustainably produce around 20,000 tons of marine fish per annum.
However, environmental concerns related to aquaculture that include water flow
considerations, pollution from effluents, handling escapees, and unhealthy culture
conditions are expected to restrain market growth over the forecast period. In
addition, disease outbreaks impact production of fish, which in turn leads to low
sales and export activities.
Rice-fish culturing is considered a good way for rice and fish cultivations
cumulatively since fish get a safe living environment in dense rice plants. In
exchange, fish provide protection from insects and circulate oxygen around the farm.
This in turn is expected to create opportunities for players operating in global
aquaculture market.
Adoption of sustainable practices for aquaculture is a key trend observed in the
global aquaculture market. Several certification programs have made progress in
defining key characteristics of sustainable aquaculture. The sustainability of a
species depends on its feeding and lifecycle habits, as well as the farming operation.