Aquaculture Market Grows with Rising Acceptance in China:Transparency Market Research
Aquaculture Market (Marine Water, Freshwater and Brackish Water) for Carp, Molluscs, Crustaceans, Salmon, Trout and Other Fishes - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019
Albany, NY -- (SBWire) -- 03/12/2015 --With the volume of captured fish depleting at a rapid pace across global reserves, the demand for aquaculture needed for human consumption is projected to exceed that of captured fish by the end of this year, states a newly released research report by Transparency Market Research. The report is titled "Aquaculture Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" and is available for sale on the company website. According to the publication, the global aquaculture market stands to reach a value of US$195.13 billion in 2019, growing at a 5.1% CAGR from US$135.10 billion in 2012. Volume-wise, the report indicates that the global production of aquaculture stood at 66.5 million tons in 2012 and is projected to rise at a 2.3% CAGR over the course of the forecast period of 2013 to 2019.
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Aquaculture involves the farming of sea bass, sea bream, carps, catfish, trout, mackerel, turbot, mollusks, milkfish, salmon, crustaceans, and other aquatic species under controlled culture environments such as marine water, fresh water, and brackish water. Among the major aquatic species cultivated under aquaculture, carps dominated the market in terms of production, accounting for more than 35% of the global share in 2012 owing to their relatively higher compatibility to drastic environmental conditions. Clams, mussels, and other mollusks have been identified to be the fastest growing product segment due to their growing use in fish and rice farming, and this segment is anticipated to register a 2.6% CAGR during the forecast period. Fresh water has been the most popular culture environment segment for aquaculture, holding a share of more than 60% in 2012. Marine water has also been identified as a strong contender in the aquaculture market as the demand for sea water species increases.
Geographically, the global aquaculture market is dominated by China, holding a massive 60% share in 2012. Apart from being the largest aquaculture market in the world, China will also be the fastest developing regional segment by the end of the report's forecast period in 2019. Factors that contribute to the growth of the China aquaculture market are easy availability of natural reserves and resources, cheap labor, and induced conditions favorable for aquaculture.
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The global aquaculture market has numerous small and large players operating at global as well as domestic levels. These include Marine Harvest ASA, International Fish Farming Co. - Asmak, Blue Ridge Aquaculture, Stolt Sea Farm, Cermaq ASA, Huon Aquaculture Group Pty Ltd., Tassal Group Ltd., Cooke Aquaculture Inc., Promarisco, Thai Union Frozen Products Public Company Ltd., Stehr Group Pty Ltd., Nireus Aquaculture S.A., Eastern Fish Co., and Selonda Aqauculture S.A. Presenting a comprehensive evaluation of the vendor landscape, the report on the aquaculture market discusses key aspects of the aforementioned companies such as company overview, financial position, product portfolio, business strategies, recent developments, and a SWOT analysis.
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About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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