World Aquaculture Market to Grow at 3.75% CAGR to 2020

RnRMarketResearch.com adds Global Aquaculture Market 2016-2020 latest research report, the analysts forecast global aquaculture market to grow at a CAGR of 3.75% during the period 2016-2020.

October 3, 2016 /MarketersMedia/ —

The global aquaculture market analyst says introduction of new aquaculture species will be a key trend for market growth. To further drive market growth, different countries that are mature and well developed in the market like China, Vietnam, the US, Canada, Indonesia, and Norway, are exploring new species, especially those of high value. APAC dominates the practice of introducing high value and low volume species, followed by Europe. By constant practice of providing value-added products in the market, the competitors of the market are diversifying their range of species with economic and biological potential.

Complete report on aquaculture market spread across 76 pages, analyzing 5 major companies and providing 39 data exhibits are now available at http://www.rnrmarketresearch.com/global-aquaculture-market-2016-2020-market-report.html

According to the 2016 aquaculture market report, the increasing awareness of the health benefits associated with seafood escalates the growth in consumption, and thus, serves as a key driver for the development of this market. In today’s world, the deficiency of micronutrients among millions of people, specifically women and children, has an adverse effect on their health. Over 250 million children across the world are vitamin A deficient that leads to blindness, 200 million people suffer from goiter (Out of which, as a result of iodine deficiency, 20 million have learning difficulties), more than 30% of the total world’s population suffers from a deficiency of iron, and 800,000 child deaths annually are due to zinc deficiency.

Mollusks is the fastest-growing aquaculture species in the aquaculture market and is expected to register a CAGR of more than 3% by 2020. The health benefits of mussels and clams, their role in enhancing water quality, and their commercial importance in pearl production and lime manufacturing are leading to an increased demand of mollusks across the globe. China, Indonesia, and Malaysia are the major producers of mollusks. Order a copy of Global Aquaculture Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=704133

The following companies are the key players in the global aquaculture market: Blue Ridge Aquaculture, Cermaq, Cooke Aquaculture, Nireus Aquaculture, Tassal, American Abalone Farms, Dalian Zhangzidao Fishery, Eastern Fish, Huon Aquaculture, International Fish Farming, Marine Harvest, Norway Royal Salmon, Russian Aquaculture, Selonda Aquaculture, Stolt Sea Farm, and Taylor Shellfish Farms.

APAC will continue its dominance in the aquaculture market during the forecast period and is likely to account for more than 77% of the overall market revenue. China, India and Indonesia are the major revenue-contributing countries in the APAC region. A large portion of the market is dominated by China, which accounts for around 70% of the global production of carps and oysters. Vietnamese prefer aquatic food because of its high nutritional value and the easily digestible nature, besides being available at low costs. Much of the region’s growth can be attributed to the high demand for Crustaceans, and the rising domestic consumption of various aquatic species, besides the surging exports.

Global Aquaculture Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report considers the revenue generated from the total market sales of numerous aquaculture products to restaurant owners, as well as retailers and wholesalers.

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