Growing Awareness About Health Benefits of Fish Products Drives the Aquaculture and Fisheries Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Aquaculture and Fisheries markets. The global market for Aquaculture and Fisheries is forecast to reach 155 million tons by 2018, driven primarily by the rapidly expanding global population, growing awareness about health benefits of fish products, and shrinking wild capture market. Further, the industry is also expected to reap benefits from the various developmental activities being undertaken across countries, focusing on increasing the fish supply through Aquaculture.

Aquaculture and Fisheries: A Global Strategic Business Report

Follow us on LinkedIn – Demand for fish and related products worldwide is increasing and is projected to grow with the growing population. Approximately one billion people worldwide depend on fish as their primary source of animal protein, particularly in the coastal areas. The ever-growing population, coupled with a shift in food habits have resulted in increased demand for fish and related products. Increasing awareness about health benefits offered by fish and aquatic plants against red meat is also a major growth driver in the developed countries for fish-based products. Also, wild capture of fish for human consumption has declined significantly in the recent years due to increased pollution and unexpected natural calamities, paving the way for fish farming to meet the ever-increasing fish demand. Given this backdrop, the aquaculture and fisheries market outlook appears to be positive, with several major markets reporting gradual recovery in national trade and subsequent increase in production from the year 2010, after the sluggish sales witnessed in the years 2008 and 2009, due to the volatile global economy.

In the coming years, shrinking wild capture market is expected to heighten the demand for aquaculture across various regions. Also, development plans of several countries are aimed at increasing fish supplies from aquaculture for local and export markets, and increasing the sector’s contribution to food security in the rural areas, which is further expected to spearhead growth in the industry. However, despite the fact that aquaculture industry is rising in stature globally, the industry is increasingly targeted by environmental groups demanding stringent regulations to protect wild fish species. In order to address these issues, the industry is presently working on developing new techniques that can significantly improve depleted stocks, minimize pressure over exploited wild stocks, and improve natural fish production. Additionally, the formation of a healthy relationship between companies and Government is expected to enhance affluence of aquaculture industry, further fueling growth of the aquaculture industry.

Regionally, the global aquaculture and fisheries industry was dominated by developed nations in the early 1990s, which sustained until the early 2000 due to their rapid growth rate. However, the industry is currently dominated by developing countries and this trend is expected to continue in the coming years. Aquaculture is gaining immense preeminence in developing economies, which are increasingly turning to aquaculture to survive third world food crisis. Being a key source of food and income, aquaculture is helping developing countries address the challenges posed in terms of food security, and soaring food prices that are resulting in a whopping number of undernourished people, having totaled 962.5 million in 2008. Fish products are in great demand in developing countries to ward off malnutrition. Heavy investment and attractive Government schemes are further drawing the attention of new farmers towards aquaculture in several countries.

Asia-Pacific represents the largest and the fastest growing region for aquaculture and fisheries globally, as stated by the new market research report on Aquaculture and Fisheries. Asia-Pacific is also a major producer of aquaculture and fisheries, with China leading the global fish production. China is fast becoming a major producer, exporter, processor, and importer of aquaculture products with fast economic growth, increasing level of disposable income, and rising consumption of seafood. China has developed a significant production base for diverse species of fish in the recent years. The Chinese Government introduced encouraging policies to expand aquaculture output, and for enhanced stability of the industry by providing necessary infrastructure and marketing support and tax benefits to attract new entrants.

The most notable species to have exhibited a tremendous growth in the past couple of years is Salmon. Being a rich source of omega-3 fatty acids, farmed salmon emerges as the most preferred form of animal protein. Although at present salmon accounts for a mere 2.0% share of the overall seafood supply, the market is expected to continue forging ahead in the coming years, emerging as one of the prominent animal species in the aquaculture market.

Major players profiled in the report include Kona Bay Marine Resources, Nireus S.A., Nutreco Holding N.V., Royal Greenland A/S, 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; production statistics for major countries and species; export and import statistics across the global and regional markets, 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 consumption for the global market and 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 six-year (2004-2009) 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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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