Market Revenue Aquaculture Industry Is Displaying A Robust Growth

Aquaculture Industry Is Displaying A Robust Growth Due To
Increasing Product Demand Forecast 2020
“Aquaculture Market is expected to be valued at USD 202.96 billion by 2020.
This may be primarily attributed to the growing seafood consumption paired
with rising economic importance associated with fisheries.”
The global Aquaculture Market is expected to be valued at USD 202.96 billion by 2020. This may be primarily
attributed to the growing seafood consumption paired with rising economic importance associated with
fisheries. The proportion of aquaculture in the global fisheries industry has so far been small compared to
captured fish, thus, considerable efforts are being made to enhance aquaculture activities worldwide. The
aquaculture market is anticipated to surpass the capture fisheries market as the primary source for seafood
consumption. Aquaculture is defined as the cultivation of fresh, marine and brackish water species such as
oysters, fish, and shrimp under guided climatic conditions. It includes varied activities such as shrimp farming,
oyster farming, and fish farming.
The depleting volume of captured fish in the global reserves due to extensive fishing in the past two to three
decades is considered as one of the major driving factors for industry growth. Growing consumer concerns
associated with the consumption of fish and other fish products followed by a surge in consumption of fish is
expected to spur product demand over the next few years. The enhanced practice of poly-culture systems such
as fish and rice farming, designed to increase yield is envisaged to open new avenues for industry growth.
Escalating demand for seafood owing to rising population coupled with increasing buyer purchasing power is
anticipated to catapult growth. Growing belief of fish being a heart-healthy form of the protein is also expected
to drive product demand significantly.
Request Sample Copy of this Market Research @
https://www.millioninsights.com/industry-reports/aquaculture-market/request-sample