AQUACULTURE MARKET ANALYSIS

Market Challenges And Opportunities

Global Aquaculture Market- Restraints

Low acceptance of the market as it is a new and unconventional technique of fish breeding for consumption is hindering the market growth. This is also attributed to the lack of awareness regarding aquaculture. Hence, low acceptance of the market is expected to restrict the market growth.

 Global Aquaculture Market- Opportunities

• Growth in rice and fish farming

Growth in rice and fish farming is projected to bring new market opportunities in the near future The practise of growing both rice and fish simultaneously is known as "rice and fish farming," and it is one of the newest methods in agriculture. By diversifying farm operations and increasing both yields, this provides more food and revenue. Thus, growing rice and fish farming coupled with the rising demand for food around the globe is expected to foster the global aquaculture market growth.

• Growing demand for aquaponics around the globe

The growing demand for aquaponics around the globe is expected to offer lucrative market growth opportunities in the near future. It is a new technology that incorporates the cultivation of fish and plants together in a controlled environment. By-products of fishes are useful for plant growth when transformed into nitrate by nitrifying bacteria. The rising adoption of aquaponics worldwide due to all these benefits is expected to foster the global aquaculture market growth in the near future.