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Aquaculture is also identified as aqua farming. It is the farming of fish, mollusks, crustaceans, and aquatic plants. Aquaculture is the contradictory of commercial fishing where wild fish is reaped. Aquaculture promotes fresh and saltwater species under controlled conditions.
There are different varieties of aqua culture including fish farming, oyster farming, seaweed farming and shrimp farming. Fish farming is the most common method of aquaculture. Fish raised up in boilers, ponds, and ocean enclosures and are utilized chiefly for food feeding.
Seaweed farming is the reaping of seaweed. Seaweed is frequently used for in medicine, food and fertilizers. A substitute to outdoor aquaculture is indoor fish farming which customs the RAS (recirculation aquaculture system). This system uses tanks and filters allowing the water to be recycled constantly. The system is monitored to maintain near perfect conditions year round. Other treatments are also put into place such as UV sterilization, ozonation and oxygen injection.
Currently, the aquaculture market growth rate is high, and its influence on the global market would upsurge expressively during the forecast period. Governmental provisions, use of new machineries, and enduring infrastructure development in the aquaculture industry accelerate the market growth. The number of companies is on a constant rise in this market with advanced techniques. Growing concern of the consumer globally about the consumption of protein also fuels the market development. Pollution and variation in climatic surroundings globally interrupt the aquatic ecosystem; this positions a huge task and opportunity to the aquaculture industry to overcome this barrier.
The global Aquaculture market is segmented based on environment, product and region.
By environment culture, the market is categorised into Marine water, Fresh water and Brackish water. The environment in aquaculture is the tenure used to considerably differentiate physical environments to complete aquaculture. Various forms of environment that can be used in the aquaculture industry are marine water, fresh water, and brackish water. Every physical environment for aquafarming owns unique methods, infrastructure, and operations. The collective revenue of freshwater and marine water accounts for more than three-fourths of the overall market.
Based on product, the Aquaculture market has been sectioned into Carps, Crustaceans, Mackerel, Milkfish, Mollusks, Salmon, Sea bass, Sea bream, Trout and Others. Carp is one of the principal product segments in this market. Carps are cultured in the fresh water environment and are one of the majorly cultured aquatic species in this market due to their compatibility with smaller ideal environmental circumstances. Crustacean is a high-value product owing to more amount of protein content. This has improved the request of crustacean to fulfil the demand of nutritional seafood. Mackerel is considered as a noteworthy fish food being a rich source of omega-3 fatty acids which is needed to poise metabolism. Salmon is known for its unique properties owing to its high content of protein, vitamin D, and omega-3 fatty acids. Sea bass and sea bream are a rich source of phosphorous, magnesium, vitamin B6 and selenium; having a little content of calorie and hence favored by those who pick low-calorie diet.
Geographically, this market is segmented into North America, Europe, Asia-Pacific and Rest of the World. China is the principal market for aquaculture and is likely to witness rapid growth due to cheap labour, suitable climatic conditions, and accessibility of natural resources in this region. Asia Pacific (excluding China) accounts to be the second largest market and is anticipated to lift demand for aquaculture owing to technical revolutions in this region. Also, development in farming as per regional climatic condition is predictable to fuel the growth of aquaculture market globally.
The major players involved in this market are Blue Ridge Aquaculture, Cermaq ASA, Cooke Aquaculture Inc., Eastern Fish Co., Huon Aquaculture Group Pty Ltd., International Fish Farming Co. – Asmak, RoyMarine Harvest ASA, Nireus Aquaculture S.A., Promarisco, Stehr Group Pty Ltd., Stolt Sea Farm, Tassal Group Ltd. and Thai Union Frozen Products Public Company Ltd. among others.
The global Aquaculture market is segmented by environment, product and geography. Based on environment, this market is classified into Marine water, Fresh water and Brackish water. The environment in aquaculture is the tenure used to considerably differentiate physical environments to complete aquaculture.
By product, the Aquaculture market has been sectioned into Carps, Crustaceans, Mackerel, Milkfish, Mollusks, Salmon, Sea bass, Sea bream, Trout and Others. Carp is one of the principal product segments in this market.
Geographically, this market is segmented into North America, Europe, Asia-Pacific and Rest of the World. China is the principal market for aquaculture and is likely to witness rapid growth due to cheap labour, suitable climatic conditions, and accessibility of natural resources in this region.
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