MARKET REPORT 70 FEED & ADDITIVE MAGAZINE August 2022 Aquaculture, often referred to as the Blue Revolution, is the practice of raising aquatic creatures in a natural or controlled marine water, fresh water or brackish water environment. These organisms include plants, fish and shellfish such as oysters, mussels, clams, shrimp, crabs and crawfish. Global Industry Analysts Inc., in its report named Aquaculture - Global Market Trajectory & Analytics, states that demand in the Global Aquaculture Market There are various estimates of the current size of the global aquaculture market, and based on these estimates, it can be assumed that the average size is around US$200 billion. It is seen that expectations for the compound annual growth rate (CAGR) in the market for the next 10 years vary between 4 and 6%. Further rising disposable incomes of people and growing urban population are leading to enhanced consumption of fish and fish products. Additional factors poised to benefit the aquaculture market in the short term include spiraling popularity of organic aquaculture, and novel technologies that are advancing the method of fish farming such as RAS and IMTA... By Ozlem Akatay
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