There are various estimates of the current size of the global aquaculture market, and based on these estimates, it can be assumed that the average size is around US$200 billion. In this method, fish are offered with a safe environment due to the plants and at the same time rice saplings are safeguarded from pests. Rice fish culture, referring to farming of fish in rice fields, is advantageous for both the crop as well as the fish. Emerging trends in the sector such as rice-fish culture are also expected to offer lucrative growth opportunities for the market.
Urban clawfish driver#
Another important growth driver is the significant improvements in distribution, logistics and transportation that is transforming the way aquaculture production is transported. Additional factors poised to benefit the aquaculture market in the short term include spiraling popularity of organic aquaculture, and novel technologies that are advancing the method of fish farming such as Recirculating Aquaculture Systems (RAS) Integrated Multi-Trophic Aquaculture (IMTA) and Large-sized Aquaponics Systems, among others. Global Industry Analysts Inc., in its report named Aquaculture – Global Market Trajectory & Analytics, states that demand in the market is supported by factors such as an expanding global population, growing need for food security, surging demand for animal proteins in many developing countries, and stagnant production of capture fisheries.Īccording to the report, further rising disposable incomes of people and growing urban population are leading to enhanced consumption of fish and fish products. These organisms include plants, fish and shellfish such as oysters, mussels, clams, shrimp, crabs and crawfish. Additional factors poised to benefit the aquaculture market in the short term include spiraling popularity of organic aquaculture, and novel technologies that are advancing the method of fish farming such as RAS and IMTA…Īquaculture, often referred to as the Blue Revolution, is the practice of raising aquatic creatures in a natural or controlled marine water, fresh water or brackish water environment. Further rising disposable incomes of people and growing urban population are leading to enhanced consumption of fish and fish products. It is seen that expectations for the compound annual growth rate (CAGR) in the market for the next 10 years vary between 4 and 6%.
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