Global Aquaculture Market Analysis Global Growth, Trends & Forecast to 2036

Global Aquaculture Market is valued approximately at USD 31.94 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.1% over the forecast period 2026-2036. Aquaculture is the method of farming aquatic species such as fish, mollusks, crustaceans and other aquatic flora and fauna. Farming requires special interventions in the breeding process, such as feeding, routine storage, protection from predators, etc. in order to maximize yield. As per product requirements, natural, coastal and brackish water ecosystems are some of the choices available for aquaculture. The aquaculture industry has seen growth in terms of rising urbanization and rising the income of individuals, which has contributed to an increase in the consumption of protein-rich meat. For instance, according to the Food and Agriculture Organization of the UN, In 2018, total global capture fisheries production reached the highest level ever recorded at 96.4 million tons - an increase of 5.4 percent from the average of the previous three years. The increase in 2018 was mostly driven by marine capture fisheries, with production from marine areas increasing to 84.4 million tons in 2018