Portland, OR -- (SBWIRE) -- 09/21/2017 -- Aquaculture Market Report, published by Allied Market Research, forecasts that the market was valued $169 billion in 2015, and is expected to reach $242 billion by 2022, supported by a CAGR of 5.3% during the forecast period 2016 - 2022.Carps segment is expected to retain its dominant position, in terms of revenue generation, throughout the forecast period. Asia-Pacific held the leading position in the global market in 2015, and is expected to maintain its lead ahead as well.
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Based on fish type, the market is categorized into carps, crustaceans, mackerel, milkfish, mollusks, salmon, sea brass, sea bream, trout, and others. Based on geography, it is analyzed across North A merica, Europe, Asia-Pacific, and LAMEA. Further, the report also covers aquaculture market trends and the strategies adopted by key players to sustain the competitive environment and increase their market share.
Ongoing advancements in aquaculture owing to innovative efforts further enhance the efficiency and productivity of the aquaculture industry. The competitive advantages of aquaculture over traditional fish c catching are also described in the report. To understand the market, drivers, restraints, and opportunities are explained. Further, key strategies adopted by potential market leaders to facilitate effective planning are discussed under the scope of this report.
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Based on type of environments, the aquaculture market is segmented into fresh water, marine water, and brackish water. Fresh water was the highest revenue-generating segment, accounting for about two-thirds share by revenue in 2015. Fresh water segment is expected to witness highest CAGR of 5.5% during the forecast period, followed by marine water segment at 5.1%.
Key Findings of the Aquaculture Market Study:
- Asia-Pacific is expected to continue to lead the global aquaculture market, growing at the highest CAGR of 5.5%, in terms of revenue, from 2016 to 2022.
- Fresh water occupied around two-thirds share of the total market value in 2015.
- In 2015, the carps segment occupied around one-fourth share of the global market, in terms of revenue.
- China is the largest country, in terms of revenue, in the global aquaculture market.
- Mollusks fish type is expected to witness significant growth of 5.5%, in terms of revenue, during the forecast period.
Key players profiled in this report include Cermaq Group AS (Mitsubishi Corporation), Cooke Aquaculture Inc., Grupo Farallon Aquaculture, Leroy Sea Food Group, Marine Harvest ASA, P/F Bakkafrost, Selonda Aquaculture S.A., Stolt Sea Farm, Tassal Group Limited, and Thai Union Group Public Company Limited.