Global Aquaculture and Fisheries Market to Exceed 123 Million Tons by 2009, According to New Report by Global Industry Analysts, Inc.
The ever-growing population and shift in food habits have resulted in increased demand for fish and related products. Increasing awareness about health benefits offered by fish and aquatic plants against red meat is also a major demand growth driver. The global market for aquaculture and fisheries is projected to maintain a CAGR of about 3% over the ten-year analysis period and exceed 123 million tons by 2009.
About 1.0 billion human beings worldwide depend on fish as their primary means of animal protein, particularly in coastal areas where reliance on fish is normally higher. Fish contributes around 50% of total animal protein in
Asia-Pacific forms the major fisheries and aquaculture market in terms of production. With an estimated share of about 60% for 2006, Asia-Pacific is the leading global region for Aquaculture and Fisheries, as stated by Global Industry Analysts, Inc.
Consumption of both high and low value food fish is expected to grow in developing world. On the other hand, in developed countries, the market is expected to be stagnant. Per capita consumption is expected to remain unchanged in sub-Saharan
The exponential growth of global populace is fueling the market growth of cultured fisheries, particularly in the affluent developed countries. Market growth of seafood is playing an instrumental role in narrowing the gap between supply and demand for these products. However, market for aquaculture products is being challenged by environmental concerns in addition to econ
Fisheries market is the largest segment in the global aquaculture and fisheries market and is projected to cross 67 million tons by 2008.
Aquaculture market is set to witness the fastest growth of about 4% in the global aquaculture and fisheries market.
The report titled "Aquaculture and Fisheries: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a c
The study also analyzes market data and analytics in volume sales for regions such as
Key players d
For more details about this research report, please visit http://www.strategyr.com/MCP-4052.asp