Adverse Climate Changes Threaten Breeding of Salmon, Sardines, and Clams in Aquaculture

Transparency Market
Research

Aquaculture Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2013 – 2019

Published Date
24-10-2013

85 Page Report

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Press Release
Global Aquaculture Market to Expand with Increasing Consumption of Fish
as Food for Health Benefits

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Aquaculture Market

REPORT DESCRIPTION

The growing awareness about the health benefits offered by the consumption of fish has propelled the
growth of the global aquaculture market.The global aquaculture market is anticipated to expand at a CAGR
of 5.10% during the period from 2013 to 2019. The overall market stood at a valuation of US$135.1 bn in
2012 and is expected to be worth US$195.1 bn by 2019.
How is China emerging as the fastest growing market for aquaculture?
Since 2012, China has been the dominant region in the global aquaculture market. The presence of natural
reserves and easy availability of cheap labour have propelled the growth of the aquaculture market in
China. The domestic aquaculture companies in China are looking for partnerships to boost the cultivation
and export of fishes. For example, China-based Guangxi Hiseaton Foods has recently established a joint
venture in Brunei for the cultivation and export of golden pompano fish.
While the juvenile pompano fish will be brought from China, it will be raised and processed in Brunei. The
U.S. and the Middle East are the key export markets for aquaculture products reared in China. Though the
economic slowdown in China has hit the domestic aquaculture market, the region is anticipated to lead the
overall market in the near future. The lake farmed salmon from the Qinghai region has witnessed an
increasing demand and has accounted for over 60% of China’s online seafood market....