• Home
  • About us
  • Our Group
    • BMR INDUSTRIES
    • BMR Exports
    • Iskapos Fresh Chops
    • Claswin Sea Foods
  • SBUS
    • Hatcheries
    • Farms
    • Feeds
    • Processing
    • HCPs
    • BMC
  • News & Events
    • Blog
  • Products
  • Careers
  • BMR Trust
    • BMR Trust Profile
    • BMR Youth Empowermnet
    • Application For Entrepreneurship
  • Stakeholder Info
    • BMR Retail
      • Annul Returns -2021
      • Annul Returns-2022
    • Serene Infrastructure
      • Annul Returns-2021
      • Annul Returns-2022
      • CSR Policy
    • BMR Marine
      • Annul Returns-2021
      • Annul Returns-2022
      • CSR Policy
    • Hybrid EBI
      • Annul Returns-2021
      • Annul Returns-2022
      • CSR Policy
    • BMR Industries
      • Annul Returns-2021
      • Annul Returns-2022
      • CSR Policy
    • CSR Policy
  • Contact Us

Global Aquaculture Industry Overview

by Gurushankar Mohan | Oct 10, 2023 | Hatcheries | 0 comments

According to the recent market report from Techanvio, the world’s total aquaculture seafood production reached over 86 million tons in 2019, while the global aquaculture industry was valued at USD 180.2 billion in the same year, and the figure is anticipated to reach USD 224.2 billion by 2022. UN’s Food and Agriculture Organization also reports that the contribution of aquaculture to the global production of capture fisheries and aquaculture combined has risen continuously, reaching 46.8 percent in 2016, up from 25.7 percent in 2000. With a 5.8 percent annual growth rate during the period 2001–2016, aquaculture continues to grow faster than other major food production sectors

The aquaculture industry around the world makes essential contributions to employment, especially in developing countries. According to the FAO, aquaculture provides employment to more than over 41 million people globally. The vast majority of aquaculture activities are carried out in developing countries working in fish and fisheries production. As most capture fisheries worldwide are considered fully exploited or overexploited, the aquaculture industry has become an important sector to cater to the global seafood demand, which will continue to increase with population growth, rising incomes, and increasing urbanization.

At present, the global aquaculture market is dominated by China, which accounts for nearly three-fourths of the market in terms of both volume and value, according to the report. China’s CAGR from 2017-2022 is predicted to be 3.99 percent. The second-largest market share for aquaculture products is India, followed by Indonesia, Chile, Norway, Japan, South Korea, the United States, and the United Kingdom. Of those countries, Indonesia will see the highest CAGR through 2022 at 17.24 percent; South Korea will experience the second-highest growth rate at 14.77 percent; and the remaining countries will see compound annual growth rates of between four and nine percent, the report predicted. The aquaculture sector in the United States is estimated to have a CAGR of 4.10 percent.

Recent Posts

  • Global Aquaculture Industry Overview
  • A SEA FOOD SAGA
  • Seafood Exports By 2025

Recent Comments

No comments to show.

BMR group of Industries is a vertically integrated group of companies that provides end to end solution to Shrimp farmers with highest degree of transparency and honesty.

Resource

  • Brochure
  • Blogs
  • Newsletter
  • Privacy Policy
  • Annual Return

Annul Returns

  • BMR Retail
  • Serene Infrastructure
  • BMR Marine
  • Hybrid Ebi
  • BMR Industries

Recent Post

A SEA FOOD SAGA

A SEA FOOD SAGA

Oct 10, 2023

No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

Office Address

198A to D-230/2A to DJ, 230/3A to F1 Damavaram Village, Dagadarthi Mandal, SPSR Nellore-524152

Contact Us

customercare@bmrgroups.org

+914424510733

Social Links

  • Follow
  • Follow
  • Follow
  • Follow

Events

© 2023 BMR Group. All rights reserved