Global Aquaculture Market is expected to demonstrate lucrative growth opportunities for the key players during the forecast period due to the technological advancements in aquatic farming and harvesting. Additionally, the wide applications of aquatic species in agriculture, pharmaceutical industry, and the personal care industry are further fueling the growth of the global aquaculture market which is projected to register a significant growth rate of 5.1% from 2019 to 2024 and reach a market value of $207 billion by the end of 2024.
Salmon is a species of ray-finned fish that belongs to the Salmonidae family and is generally found in the northern Atlantic and Pacific oceans. It currently represents one of the most traded seafood species as it is rich in zinc, protein, calcium, iodine, vitamin D, vitamin B3, cholesterol and omega-3 but low in saturated fats.
At present aquaculture industries are one of the fastest growing industries in the globe. Unlike other livestock animals, aquatic animals also require proper attention in order to maintain their sound health.
Future Market Insights (FMI), in its new research study, underlines the key elements shaping growth of fish protein concentrate market for the assessment period of 2019-2029. According to the research study, sales of fish protein concentrate touched ~ 57,466 MT in 2018, and are likely to grow by 5.5% YOY in 2019. As fish protein concentrate goes up the popularity scale as a viable ingredient for value-addition, market players are looking for ways to enable a production ramp-up in a bid to bridge the supply-demand gap.