Global Aquaculture Market

From ancient times, fishing from oceans, lakes and rivers has been a major source of food, provider of employment and other economic benefits for humanity. However, for nearly 4 decades, the dramatic increase of pollution, abusive fishing techniques worldwide, and illegal, unreported and unregulated fishing, has resulted in declining fish stocks, often at alarming rates. More than a billion human beings globally depend on fish as their primary means of animal protein, especially in the coastal areas. The growing prices and availability of cheap wild fish has decreased considerably, and aquaculture fish has emerged as a good substitute to capture fisheries segment.

FAO defines Aquaculture as the farming of aquatic organisms, by intervention in the rearing process to enhance production. Intervention in this case implies regular stocking, feeding, protection from predators, etc. Aquaculture is currently the fastest growing food production systems globally. It remains a vibrant and important production sector for high-protein food. The combined result of the development of aquaculture worldwide and the expansion in global population is that the average annual per capita supply of food fish for human consumption has increased ten times in the past 2 decades.

Despite the long tradition of aquaculture in a few countries, it is still a young food production sector in the global sector and has started growing rapidly in the last 30 years or so. It now accounts for more than a third of the world’s total supply of food fish and undoubtedly the contribution of aquaculture to seafood supplied will increase in the future. Aquaculture has the potential to become the sustainable practice that can supplement capture fisheries and significantly contribute to feeding the world’s growing population. The exponential growth of global populace is fueling the need for cultured fisheries, particularly in affluent developed nations. The growth of aquaculture market is playing its role in bridging the gap between demand and supply of fishery industry products.

The market is, however, challenged by environmental concerns, leading to other economic and social concerns. Instead of helping to ease the crisis in wild fisheries, unsustainable aquaculture development could exacerbate the problems and create new ones, damaging our important and already-stressed coastal areas.

MarketsandMarkets proposes to use secondary as well as primary sources for researching the global markets for aquaculture market in different applications. Various secondary sources such as annual reports, magazines, and databases will be used to identify and collect information useful for this extensive technical and commercial assessment. The primary sources –experts from related industries and suppliers will be interviewed to obtain and verify required information to confirm the accuracy. The collected information will be presented in the form of detailed research report.