Rapidly Depleting Volume of Captured Fish Drives Demand for Aquaculture, Global Market to Be Worth Us$195.1 Bn by 2019

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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Rapidly Depleting Volume of Captured Fish Drives Demand for

Aquaculture, Global Market to be worth US$195.1 bn by 2019

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Aquaculture Market

REPORT DESCRIPTION

The global aquaculture market is experiencing a surge in its overall demand owing to the increase in

consumer awareness about health benefits associated with the regular consumption of fish or sea-food.

Aquaculture is the collective name given to different kinds of marine farming that includes shrimp farming,

oyster farming, and fish farming. At present the global market for aquaculture has a smaller share

compared to the captured fish market in the fisheries industry. But according to the Organization of

Economic Co-operation Development (OECD), the market share for aquaculture is expected to grow

exponentially and increase by 35% by the end of 2022. The market for capture fisheries, on the other

hand, is expected to rise by 5% during the same period. Additionally, market experts are foreseeing great

potential for the aquaculture market in the future.

The aquaculture market is expected to surpass the market for capture fisheries and emerge as the main

source of human seafood consumption before the end of 2015. A recent report published on the global

aquaculture market reveals that the market, valued at US$135.10 billion in 2012, is expected to be worth

US$195.15 billion by the end of 2019, registering growth at a CAGR of 5.1%. In terms of volume, the

production of aquaculture fish and seafood is expected to grow at a CAGR of 2.3% between 2013 and

2019.

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