Aquaculture Market Introduction
On the basis of species, the global aquaculture market has been
segmented into aquatic plants, fish, crustaceans, molluscs, and others.
Under the species segment, the fish market led the global aquaculture
market. Moreover, the aquatic plant's segment is anticipated to register
the fastest CAGR over the projected period. Aquatic plants are used as
food and raw materials for building materials, industrial processes, and
manure in agriculture. These plants absorb minerals and enrich the water
with oxygen produced during photosynthesis. These property of aquatic
plants are beneficial as they assist in the maintenance of clean water and
also help in preventing water pollution. They are also a source of
bioenergy, biomass, and human & animal food. Moreover, marine and
freshwater aquatic plants are extensively used as livestock fodder,
fertilizer, compost, mulch, and bioremediation. Therefore a wide range of
application and extensive research to find a new application for aquatic
plants are the major factors boosting the aquatic plant's markets. This
further boost the overall aquaculture market globally.