London, 01 April 2015: Technavio, the independent tech-focused global research firm, has published a report on the Global Aquaculture Market 2015-2019, which is expected to grow at a CAGR of 6.83 percent and 3.1 percent in terms of revenue and volume, respectively, during 2014-2019.
Increased demand for seafood is expected to drive demand in aquaculture, and overtake the Captured Fish market in future. The market is witnessing changes in consumption preferences. Also, vendors in the market are catering to the demand for good quality and safe products.
“As demand for seafood increases and sites become increasingly limited, players are introducing intensification to aquaculture systems to sustain production and profitability,” says Faisal Ghaus, Vice President of TechNavio.
“The intensification of aquaculture is especially prominent in the APAC region wherein efforts are being made to develop a strategy for the sustainable intensification of aquaculture.”
Key Market Drivers
- Population Growth and Urbanization
- Constant Decline in Natural Fish Stock
- Rise in Seafood Consumption
- Health Benefits of Seafood
Key Market Trends
- Sustainable Practices
- Enhanced Logistics
- Intensification of Aquaculture Production
- Introduction of New Species
Key Market Vendors
- Blue Ridge Aquaculture Inc.
- Cermaq ASA
- Cooke Aquaculture Inc.
- Nireus Aquaculture SA
- Tassal Group Ltd.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
