30-Dec-2019 | Zion Market Research
As per the latest research report published by Zion market research (ZMR), the global aquaculture market is portraying an extremely competitive environment owing to the presence of strong and dominating market contenders. Some of the leading contenders significantly managing the major share of the global aquaculture market are Cooke Aquaculture Inc., Cermaq ASA, Nireus Aquaculture S.A., NSF Certification UK Ltd., Blue Ridge Aquaculture, Zeal Aqua, Tassal Group Ltd., The Waterbase Limited, Carter & Sons Ltd., and Selonda Aquaculture S.A.
Aquaculture, also known as aquafarming, is an activity involving breeding and harvesting of aquatic animals particularly fish. Various species of fish adapt to different surrounding conditions such as fishes surviving in marine water, freshwater, and brackish water. Later the harvested products are further processed to prepare dietary supplements, pharmaceutical products, food items, and many others.
Browse the report titled “Aquaculture Market (Carp, Molluscs, Crustaceans, Salmon, Trout, and Other Fish) by Culture (Marine Water, Fresh Water, and Brackish Water): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015–2021.”- Report at https://www.zionmarketresearch.com/report/aquaculture-market
Fish oil, an important ingredient extracted from fish, has a wide range of applications in many fields including the food industry, healthcare, pharmaceuticals, and dietary supplements. Due to diverse applications, the demand for this product and the global level is expected to propel during the forecast period. Besides this, the rising possibility of approval for rice-fish culture will likely bring new opportunities for the leading contenders of the global aquaculture market in the coming few years.
Based on the culture type, aquaculture is categorized into three segments, named as freshwater, brackish water (a combination of salty and freshwater), and marine water. Freshwater farming was used as a primary culture for the global aquaculture market in 2015. In this farming technique, various species of fish are reared in an artificial concrete pond filled with fresh water. Concerning the comprehensive analysis, the global aquaculture market is likely to propel with a considerable CAGR during the forecast period.
To acquire a significant share in the global aquaculture market, several key contenders are using different strategic approaches such as the launch of various innovative projects that drive the market. For example, Chinese Jin Yu Tang Aquaculture (Cambodia) Co proclaimed last year that the company planned to invest around $100 Million in marine and freshwater aquaculture projects. These projects would be launched in Koh Kong and Preah Sihanouk provinces.
Due to the continuously growing demand for seafood among customers, the marine culture segment is likely to expand in the upcoming years. Even many companies have commercially started carrying out fish farming in the marine environment (such as oceans and seas). Moreover, aquaculture’s brackish water segment is anticipated to expand at a decent rate between 2015 and 2021.
Regionally, Asia Pacific dominated the global aquaculture market in 2015. Among Asian countries, China accounted for more than half of the regional market shares. It is anticipated that several elements such as inexpensive labor costs, adequate natural resources, and favorable climatic conditions would propel the demand for aquaculture in the country during the forecast period. As per the analysts’ prediction stated in the report, the demand for aquaculture in North America and Europe will probably spur at a significant rate due to the innovation and launch of advanced tools and superior techniques in the aquaculture market.
The report segments the global aquaculture market into:
Global Aquaculture Market: Culture Analysis
Global Aquaculture Market: Product Analysis
Global Aquaculture Market: Regional Analysis
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