Aquaculture and Fisheries: A Global Strategic Business Report
San Jose, California (Vocus) October 12, 2010
The volatile global economy in 2008 and 2009 resulted in an overall slowdown in demand for aquaculture and fisheries. Sales remained sluggish in key markets, and prices for most of the seafood products plunged and margins remained under pressure for manufacturers. Fish prices were down by 3.2% during early 2009, as compared to the same period in 2008. Both value and volume imports of fisheries plunged in both developing and developed countries, including the US, Europe, and Japan. The outlook for the global aquaculture and fisheries market, however, appears to be positive, with several major markets reporting gradual recovery in national trade and subsequent increase in production. With steady growth prospects, aquaculture industry is all geared up to become the major food production systems worldwide.
Developing nations represent the largest fish producers, accounting for over 92.5% of all culture harvest, and 72.6% of capture harvest (by mass), as stated by the new market research report on Aquaculture and Fisheries. China represents the leading producer, exporter, processor, and importer of aquaculture products worldwide. Key factors driving growth include growing affluence, rising consumption of seafood, and robust export industry. In addition, demand is also supported by China’s encouraging governmental policies to provide necessary infrastructure and marketing support, and tax benefits to attract new entrants. Asia-Pacific, therefore, represents the largest and fastest growing market for Aquaculture and Fisheries.
Fisheries market is forecast to grow at a CAGR of 1.5% over the analysis period. The market for Tuna is highly concentrated within the fisheries sectors, typified by the presence of very few companies engaged in global production and trade. Demand for Aquaculture is expected to be propelled by new techniques being developed, and increased education being provided to aquaculturists to transform aquaculture into a profitable and sustainable industry around the world. Aquaculture production is dominated by crustaceans, mollusks and finfish variety. Nevertheless, though aquaculture is rising in stature globally, the industry is a prime target for environmental groups demanding stringent regulations to protect wild fish species.
Growing consumer awareness about environmentally harmful fishing techniques and overfishing, is fueling growth of organic aquaculture. Although accounting for a meager share of the aquaculture production, global production of organic aquaculture is increasing at an exuberant pace, exemplified by stupendous growth of over 900% during the past 25 years. The three major species of organic aquaculture production include carp, salmon and shrimp. Other species such as tilapia, trout, mussels, seabream, seabass, sturgeon, and charr are also produced.
Major players profiled in the report include Kona Bay Marine Resources, Nireus S.A., Nutreco Holding N.V., Royal Greenland, Sea Watch International Ltd., Selonda Aquaculture S.A., StarKist Seafood Company, Taylor Shellfish Inc., TriMarine International, Unima Group, among others.
The report titled “Aquaculture and Fisheries: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the Aquaculture and Fisheries markets; current market trends; key growth drivers; export and import, production and consumption statistics for major countries and species; recent industry activity, and profiles of major/niche global as well as regional market participants. The study analyzes market data and analytics in terms of volume sales for the global market by the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Key segments analyzed in the report include Aquaculture and Fisheries. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Aquaculture_And_Fisheries_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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