Aquaculture market to witness significant demand for crustacean, salmon, sea bass, sea bream
China is expected to account for the largest market share in the global aquaculture market.
The global aquaculture market is expected to be valued at $202.96 billion by 2020, according to Million Insights, Fenton, Calif. This may be primarily attributed to the growing seafood consumption paired with rising economic importance associated with fisheries.
Aquaculture is defined as the cultivation of fresh, marine and brackish water species such as oysters, fish and shrimp under guided climatic conditions, including varied activities such as shrimp farming, oyster farming, and fish farming. The aquaculture market is anticipated to surpass the capture fisheries market as the primary source for seafood consumption.