Global Aquaculture Market: Rising Food Fish Demand

Global Aquaculture market is increasingly expanding on the back of multiple factors such as rising demand for aquatic species for human consumption, penetration of technology in aquaculture, growth of ‘blue economy’, global food security and the government & NGOs support in the increasing the aquaculture potential and achieving global 2030 agenda for Sustainable Development.

“Global Aquaculture Market 2025”

According to Techleagues Research Team, global aquaculture market was estimated to be valued at USD 240.0 billion in 2017, which is anticipated to grow at a CAGR of 5.4% during the forecast period 2017-2025. Global aquaculture market is largely being influenced by the demand for food fish from across the world. Moreover to supplement this demand, inland aquaculture has the major global share i.e. 64.1%.

Global Aquaculture Industry: Asia Pacific Aquaculture Scenario

Asia pacific region has largest market share in world aquaculture industry. Fisheries & aquaculture sector constitutes considerable share of the region’s economy. The climatic change, geographical location of the countries and economic development activities among others is driving the APAC aquaculture sector. Moreover in 2017, FAO-APFIC regional consultation on “Building climate resilient fisheries and aquaculture in Asia Pacific” was convened to support the national & regional partners in taking actions on climate change resilience & impact adaptation.

Sustainable Development of Mediterranean and Black Sea Aquaculture

Witnessing the present trends in the aquaculture production, seafood consumption & national strategies on aquaculture, it is anticipated that demand food fish might shoot up in near future and it will require crucial steps towards social, economic and environmental sustainability of the sector. It is required to promote blue economy in the Black Sea & Mediterranean & develop strategies for food security. The strategies includes, regulatory & administrative framework, environment & animal health & welfare & focusing market oriented aquaculture.

“Global Aquaculture Market 2025” contains detailed overview of the global aquaculture market in terms of market segmentation by culture environment, species type, aquaculture system, end user & geography.

Further the global aquaculture market report is targeted to support the aquaculture producers, suppliers, distributors, importers & exporters. For the in-depth analysis, the report also encompasses the industry growth drivers, opportunities, challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

Aquaculture market report also provides competitive outlook for some of the major players which includes profiling of companies such as Cermaq Group AS (Mitsubishi Corporation), Grupo Farallon Aquaculture, Leroy Sea Food Group, Cooke Aquaculture Inc., Marine Harvest ASA, P/F Bakkafrost, Stolt Sea Farm, Selonda Aquaculture S.A., Tassal Group Limited, Thai Union Group Public Company Limited, Blue Ridge Aquaculture, Eastern Fish Co., International Fish Farming Co.-Asmak, Huon Aquaculture Group Pty Ltd., RoyMarine Harvest ASA, Promarisco, Nireus Aquaculture S.A., Stehr Group Pty Ltd., etc.

The company profiles in the report include business strategies, geographical revenue distribution and key information of the companies that encompasses business outlook, products & services, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the aquaculture market that will help industry consultants, existing players searching for expansion opportunities, new players searching possibilities, traders & suppliers and other stakeholders to align their market centric strategies as per the ongoing market trends and anticipated opportunities in the future.

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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Backed up by reliable research and impactful statistics, our business solutions empower our clients to grow at a fast pace despite unsettling fluctuations in the market. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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Subir May 14, 2020

Effects of COVID 19 on CBD Industry and how to connect with you customer in these stressful times

As the world consumers market joined hands with the stress and chaos of the COVID-19 pandemic and causing a great disruption of daily life, searching for new ideas to unstress has come across even with higher importance.

The result of the outbreak has come amidst a steadily increasing number of legal cannabis products, including its non-intoxicating offshoot CBD.

Many CBD and hemp brands quickly found sales growth as consumers rushed to stockpile goods amidst lockdown, but cannabis suppliers and entrepreneurs are now wondering what and how their industry will look like once the crisis passes.

Sales Grow Amid Lockdown

One of the industry leaders said consumer purchases were up and that there had been a 45% increase in B2B sales between February and March.

In difficult times, whether they be recessions or mass events, things like alcohol, tobacco, and even chewing gum — these categories tend to accelerate rather than retreat. We’ve gone almost full circle in my lifetime from ‘you’ve got to do it in the closet’ to ‘in difficult times, let’s make sure the channels for this market are still open. As some of the people in this industry are still preferring the traditional way of generating sales other in the industry has already taken a leap forward and have created a path for alternate sales channels.

Since the start of the COVID-19 crisis, the cannabis business has maintained an inconsistent signal, however. It has found rapid spikes, which vary by state, according to a market research firm, reflecting the constantly changing nature of the outbreak and its effect on consumer shopping trends.

Consumption types have changed in the COVID-19 era, according to Headset, with edibles emerging as the growth leader during the pandemic, with sales up 28% as of April 2. Beverage — to date has among the slowest growing and smallest sectors in cannabis — has seen sales boom, up 14%. Elsewhere, flower sales have increased by 12% and vape pens were up 9%. Pre-rolls and topicals were down 13% each.

 

Market leaders said the increase in beverage and edible sales could potentially be driven by concerns around COVID-19’s respiratory effects, moving consumers away from smoking during the pandemic. However, while virus-specific stockpiling may be responsible for the sudden surge and volatility of cannabis sales, he noted that the growth is also in line with projections for the industry. It’s difficult, he said, to firmly say what sales have been driven by panic buying and which were to be expected.

“There is definitely an upward slope to the growth curve of the space and there’s going to be an associated curve that shows the growth curve between edibles, drinkables, confections and then combustion,” But to look for the change in that curve as a function of the virus, I think it’s a little too early to extract that kind of a conclusion data review.

Jonathan Eppers, founder and CEO of CBD-infused beverage, however, more readily attributed the virus to a 600% month-over-month increase in online sales for his brand. While the brand’s retail business has taken a hit due to the closure of on-premise accounts and mom-and-pop stores (roughly 65% of its retail business), the company has turned to direct-to-consumer to meet rising demand.

Connecting with the Consumer

Due to the lack of clear federal regulations, CBD products’ ability to advertise health benefits remains unclear. Nevertheless, CBD’s imputed ability to reduce anxiety remains a key selling point. Given the current state of the world, it’s only natural that shoppers would be looking for a remedy for stress.

Your company should aim at business goals that define your business’s guiding principles. In times of crisis, your company’s mission and core values should inform, how and what you communicate to your customers.

Reaching out to consumers can be difficult and websites such as Google and Facebook often block advertisements for hemp products. The company can plan to step up it’s advertising on podcasts, a strategy. Regardless of the tactic used CBD brands to not over-promise in their marketing content.

If the goal of your communication is to let customers know how your business is supporting them through COVID-19, be transparent and clear as to how you’re doing that and what customers need to do (the call to action). Finally, direct the users to the appropriate resources like a page on your website or contact your customer support team, for the user to have an enhanced user experience.

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Subir May 12, 2020