London, 14 April 2015 – Technavio has announced the publication of a new report on the Aquaculture Market in China, which is expected to grow at a CAGR of 6.31 percent from 2015-2019.
About the Report:
According to the latest report by Technavio, the fish market in China is the largest in the world and is growing rapidly because of the rise in per capita consumption. The emerging middle-class population in China has substantially intensified demand for seafood, thus resulting in the development of the domestic market.
“Increased emphasis on developing aquaculture technology and the enhancement of processing and distribution systems in China bode well for the aquaculture market in the country,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report also draws attention towards the emphasis on organic aquaculture production that has increased because of growing environmental concerns, preference for organic foods and food safety issues. Organic aquaculture has developed significantly in the past couple of years in China and polyculture is also in huge demand as compared to other organic culture techniques.
“Zhejiang, Hainan Inter Mongolia, Jiangsu, Xinjiang, Liaoning, Hunan, Anhui, Fujian and Shandong provinces have all significantly increased production of organic aquaculture since 2003,” says Ghaus.
Key Information Covered in the Report:
- Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Rise in seafood consumption
- For a full detailed list, view our report.
Market Challenges:
- Safety concerns
- For a full detailed list, view our report.
Market Trends:
- Growth of organic aquaculture
- For a full detailed list, view our report.
Key Vendors:
- Shandong Homey Aquatic Development Co. Ltd.
- Shandong Oriental Ocean Sci-Tech Co. Ltd.
- Zhangzidao Group Co. Ltd.
Other Prominent Vendors:
- Baiyang Aquatic Group
- Dahu Aquaculture
- Hubei Wuchangyu
- Liancheng Overseas Fishery
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
