Lack of technological development and adverse environmental conditions are anticipated to hamper growth . The market being pregnable to the unfavorable climatic condition has led to the outbreak of several diseases . Additionally , unsustainable development may damage the already stressed coastal areas . The aforementioned factors may hinder production and the overall industry growth over the next seven years .
The industry can be segmented on the basis of culture environment and product . On the basis of culture environment , the market can be segmented into brackish water , fresh water and marine water . Based on product , the market can be segmented into sea bass , mackerel , milkfish , crustaceans , carps , sea bream , trout , salmon , mollusks , catfish , and turbot . Fresh water may emerge as the fastest growing culture environment segment . Factors such as simulation of the culture environment in enclosed areas including concrete raceways , cages and ponds are likely to contribute towards industry growth . Marine water is expected to witness significant growth owing to the increasing consumer demand for fishes breed in sea water .
Carps are expected to emerge as the fastest growing fish species and may account for the largest share over the forecast period . Carps have the ability to breed in less than ideal environmental conditions which have significantly resulted it in being one of the majorly farmed aquatic species in this industry . Carps are also widely used in poly culture systems such as fish and rice farming which may further propel demand .
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Further , mollusks such as clams and mussels being an important food source are expected to witness substantial growth over the next few years . This may be primarily attributed to escalating demand for mollusks owing to increasing consumer awareness pertaining to the health benefits associated with the consumption of mollusks . The increasing use of mollusks in poly culture is intensified by the factor that its presence in water bodies and tanks helps in maintaining a good quality of water by filtering contaminants , sediments and nutrition .
The industry is also anticipated to witness significant demand for products including Crustacean , Salmon , Sea bass and sea bream . Crustacean is expected to witness high demand in nutritional seafood segment owing to its high protein content which appropriately satisfies the customers ’ demand for nutritional seafood . Mackerel being rich in omega-3 fatty acids content is considered a significant sea food which is required for balanced metabolism . In addition , Salmon has a rich content of omega-3 fatty acids , vitamin D and protein and is considered a healthy food . Sea bream and Sea bass have a rich content of selenium , vitamin B6 , magnesium and phosphorous and are thus preferred as a low-calorie diet .
China is expected to account for the largest market share in the global aquaculture market owing to induced conditions , easy availability of natural resources and cheap labor which are presumed to contribute significantly