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.
The vacuum skin packaging market comprises of 3 segments that are segmented by material into polyethylene that is further sub-segmented into high density polyethylene, low density polyethylene & linear low density polyethylene and polypropylene, polyvinyl chloride & others, by product into vacuum trays and vacuum bags and by application into meat and meat products, seafood, poultry, cheese, convenience food & others. The global vacuum skin packaging market is estimated to grow at a significant CAGR over the forecast period (2020-2027).
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.
Shrimps Production are increasing on the global level especially in Asia Pacific countries such as India and China. Shrimp farming is gaining popularity for production of shrimp for human consumption. Bacterial and viral infections are a major threat to the shrimp production industry in various countries.
According to the latest report by IMARC Group, titled “China Shrimp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the China shrimp market reached a volume of 1.8 Million Tons in 2017.