Monday, November 4, 2013

04/11/13: Aquaculture market is likely to reach US$195 billion by 2019

The current tonnage of  captured fish is depleting and is expected to be one of the primary factors driving global aquaculture production over the coming years, says a new report from Transparency Market Research. 

Alongside this, says the report, is the increasing awareness by consumers regarding health benefits associated with consumption of fish and fish products is expected to boost aquaculture production within the forecast period. 

"Aquaculture is expected to surpass captured fish industry as the major source for human consumption by the end of 2015. 

"However, parameters such as adverse environmental conditions and lack of technology are expected to hamper the growth of the market. Increasing practice of rice and fish farming, which aims at increasing yields of rice grains as well as fishes is expected to open new opportunities for the growth of the market within the near future," it adds.

For the full report …

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