An Ultimate PDF Guide to Aquaculture : Future Demand and Trends
Seafood,
specifically fish is the part of traditional food in many regions. Also, fish
is largely consumed owing to its nutritional benefits and several health
benefits. It is considered as a good source of fatty acids, vitamins, minerals,
protein, and essential micronutrients. Increase in disposable income and
spending power of consumer also upsurge their spending on animal proteins such
as seafood as compared to other food categories. Also, the Food and Agriculture
Organization (FAO) has predicted that fish consumption by a human is expected
to increase by 50% in the coming 15 years.
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Currently, high growth in population and growing awareness amongst consumer about the seafood as a healthy source of protein have fueled the growth of aquaculture market. Along with this, the increase in purchasing power of people in developing nations has also supported the market growth. Wild fisheries are not sufficient to meet the global demand for seafood. Thus, aquaculture is a suitable solution, which is the fastest-growing form of food production. Thus, the global increase in fish consumption is driving the growth of the aquaculture Industry.
Aquaculture
can be conducted in completely artificial facilities built on land (onshore
aquaculture), as in the case of fish tank, ponds or raceways, where the living
conditions rely on human control; on well-sheltered shallow waters nearshore of
a body of water (inshore aquaculture), where the cultivated species are
subjected to a relatively more naturalistic environments; or on fenced/enclosed
sections of open water away from the shore (offshore aquaculture), where the species
are exposed to more diverse natural conditions such as ocean currents, diel
vertical migration and nutrient cycles.
The Future of Fish Farming is ‘Indoor’
Advances
in water circulation and filtration have meant that indoor fish farms will grow
at an unprecedented rate, both in terms of production and size. TMR estimates
global sales of aquaculture-produced fish to exceed US$ 480 Mn in 2019,
accounting for a sizeable 60% market share. Fish farming has traditionally been
touted as efficient solution for the production of animal protein, and indoor
aquaculture plays a vital role in meeting the requirement of swelling global
population. Although environmental risks prevail in the indoor approach as
well, however the fact that risks associated with land-based systems is
significantly smaller, than that of outdoor systems, continues to propel
adoption of indoor fish farming.
Key players operating in the aquaculture:
- Bakkafrost
- Blue Ridge Aquaculture, Inc.
- Cermaq Group AS
- Cooke Aquaculture Inc
- Danish Salmon A/S
- Farallon Aquaculture Group
- FIFAX AB
- HESY Aquaculture B.V
- Lerøy
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