Changing Food Habits in Developing Countries Drives the Aquaculture And Fisheries Market, According to an Upcoming Report by Global Industry Analysts, Inc.

San Jose, California (PRWEB) July 21, 2014

Fish production around the world is either carried out through marine-catch (wild-catch) or aquaculture. Aquaculture meets 40% of the demand for fish, mainly tuna and salmon. Aquaculture is forecast to witness steady growth supported by government regulations limiting the national catch limit for capture fisheries (wild fisheries), against a backdrop of growing concerns over overexploitation of fish stocks. Expansion of cultivation area for fishes, increasing productivity per unit area, enhanced breeding techniques, adoption of high quality compounded aqua feeds, and increased focus on rearing fresh water fish such as carp, tilapia, mollusks and crustaceans, are all expected to spur aquaculture production in the coming years. Growing demand for seafood is also benefiting the market. Key factors driving consumption of fish and fishery products include expanding global population, rising awareness over the health benefits of seafood consumption, increased consumer preference for shrimp, oysters, and other exotic species, rising standards of living and increased spending on food in developing countries, and migration away from chicken, mutton and beef to seafood as a source of protein. Fish farming is also receiving a huge impetus from the decline in wild capture of fish. Natural calamities, excessive pollution, and manmade disasters like oil spills have resulted in declining wild fish stock. Under this scenario, private and public investments in aquaculture technology are on the rise largely due to the governments’ push towards ensuring food security.

The upcoming report will offer coverage on major companies including Kona Bay Marine Resources, StarKist Seafood Company, Taylor Shellfish Inc., TriMarine International, and Unima Group, among others.