Global Aquaculture and Fisheries Industry

Market Overview:

The value of the global aquaculture and fisheries market was $162.68 billion in 2015 and its value has been predicted to be at least $235.64 billion in 2022, growing at a compound rate of 5.5 percent annually. The driving force behind this growth will be the increase in public awareness about the health benefits of eating fish. This factor coupled with the scarcity of fish and other aquatic species in natural habitats because of rampant fishing is forecasted to bring about a steady increase in demand during the forecast period of 2016 to 2022.

Try Sample of Global Aquaculture and Fisheries Market @ https://www.wiseguyreports.com/sample-request/959895-aquaculture-and-fisheries-global-market-outlook-2016-2022

Currently, the greatest challenge faced by this industry is the widespread occurrence of diseases among aquatic organisms. Afflictions such as white spot disease in shrimp and infectious salmon anaemia (ISA) in salmon have affected the global market adversely, resulting in losses for all parties involved.

The most important growth opportunity in the global aquaculture and fisheries market is the rice-fish culture prevalent in many countries, which involves growing fish in rice fields.

Market Segmentation:

Based on market type, the global aquaculture and fisheries market can be segmented into various categories. These include aquarium-aquaculture, bait species, fee-fishing, food fish species, lake stock aquaculture, ornamental species, cage culture, Seine nets, trapping nets, and pair trawls.

From the perspective of individual species, carps have the largest share in the global aquaculture and fisheries market, and the demand for carps will certainly scale new heights since carps are the most commonly cultivated fish, thanks to their incredible adaptability to a variety of habitats and their popularity among fish farmers. Apart from carps, crustaceans, diadromous fish, mackerel, milkfish, molluscs, salmon, sea bass, sea bream, trout, and other species also dominate the market.

Regional Overview:

Geographically, the global aquaculture and fisheries market can be divided into North America, Europe, Asia Pacific, and the rest of the world. Of these regions, Asia Pacific is projected to become the biggest regional market for aquaculture and fisheries, with China leading in market size and taking up a major chunk of the global market. This will be possible because of suitable climatic conditions for aquaculture and fisheries, and the abundance of resources and manpower. South America is likely to carve out its own niche in the global aquaculture industry. Europe and North America too are projected to show further development in aquaculture production, along with a robust growth line.

 Global Aquaculture and Fisheries market is accounted for $162.68 billion in 2015 and is expected to reach $235.64 billion by 2022 growing at a CAGR of 5.5%.

Industry News:

In recent times, consumer preferences are tilting in favour of aquaculture products. Aquaculture and fisheries form an important part of the economic development of many countries. Hygienic products are more in demand now than ever before, and aquaculture is being perceived as a trustworthy industry to satisfy the growing consumer base. This increasing confidence in the aquaculture industry may be a result of improved policies which have been implemented in several countries such as Vietnam and other Asia-Pacific countries, which have enforced policies to monitor the causes of diseases to prevent outbreaks and find cures, thereby reducing health risks and financial losses to a considerable degree.

Some of the key players of the Aquaculture and Fisheries market include American Abalone Farms, Aquacare Environment, Inc., AquaBounty Technologies, Inc., Blue Ridge Aquaculture, Inc., Cermaq ASA, Cooke Aquaculture, Farmocean International A.B., Marine Harvest, Nireus S.A., Royal Greenland A/S, Sea Watch International Ltd., Tassal group Ltd., Taylor Shellfish, Inc. and Unima Group.

For Detailed Reading Please visit WiseGuy Reports @  https://www.wiseguyreports.com/reports/959895-aquaculture-and-fisheries-global-market-outlook-2016-2022

For more information or any query mail at sales@wiseguyreports.com

About Us
Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available.

Contact Us:
Norah Trent
+1 646 845 9349 / +44 208 133 9349
Follow on LinkedIn: https://www.linkedin.com/company/wise-guy-research-consultants-pvt-ltd-?trk=biz-companies-cym

Media Contact
Company Name: Wiseguyreports.com
Contact Person: Norah Trent
Email: Send Email
Phone: +1 646 845 9349, +44 208 133 9349
City: Pune
State: Maharashtra
Country: India
Website: https://www.wiseguyreports.com/sample-request/959895-aquaculture-and-fisheries-global-market-outlook-2016-2022