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| 21 August, 2008 |
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| Should other nations follow Alaska's lead in using aquaculture as part of a fishery enhancement programme? |
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Global seafood market to exceed 123 million tons by 2009 30 July, 2007 -
According to Global Industry Analysts, about one billion human beings worldwide depend on fish as their primary means of animal protein, particularly in coastal areas where reliance on fish is normally higher. Fish contributes around 50% of total animal protein in Indonesia, Japan, Sri Lanka, Bangladesh and Cambodia. The growing prices and availability of cheap wild fish has decreased considerably, and farmed fish has emerged as a good substitute to inland capture fish. Asia-Pacific forms the major fisheries and aquaculture market in terms of production. With an estimated share of about 60% for 2006, Asia-Pacific is the leading global region for aquaculture and fisheries. Asia-Pacific is also forecast to maintain leadership position with a CAGR of over 3.3% during the analysis period. Europe and Japan represent the other major regions for aquaculture and fisheries. Europe is projected to account for over 19 million tons by the year 2010. Consumption of both high and low value food fish is expected to grow in the developing world. On the other hand, in developed countries, the market is expected to be stagnant. Per capita consumption is expected to remain unchanged in sub-Saharan Africa and developed countries and is anticipated to increase in many developing countries. Growing domestic demand within developing nations from fish and other animal products, urbanisation, rise in income level and population growth are the primary factors behind the growth of net exports from the developing nations. By 2020, India, Latin America and China are projected to be the net exporters. Latin America's net export is expected to depict a considerable share of domestic production through 2020. The exponential growth of global populace is fuelling the market growth of cultured fisheries, particularly in the affluent developed countries. Market growth of seafood is playing an instrumental role in narrowing the gap between supply and demand for these products. However, the market for aquaculture products is being challenged by environmental concerns in addition to economical and social challenges. The fisheries market is the largest segment in the global aquaculture and fisheries market and is projected to cross 67 million tons by 2008. The aquaculture market is set to witness the fastest growth of about 4% in the global aquaculture and fisheries market. The report, titled "Aquaculture and Fisheries: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, regulatory issues, market dynamics, product overview, competition, product introductions/innovations, and recent industry activity. The study also analyses market data and analytics in volume sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World by the following product segments - aquaculture and fisheries. It identifies key players dominating the global aquaculture and fisheries market as including Aqualma, Kona Bay Marine Resources, Nireus, Nutreco Holding, Royal Greenland, Sea Watch International, Selonda Aquaculture, Starkist Seafood Company, Taylor Shellfish, and US Abalone. www.fishfarmer-magazine.com is published by Special Publications. Special Publications also publishes FISHupdate.com, FISHupdate magazine, Fish Farmer, the Fish Industry Yearbook, the Scottish Seafood Processors Federation Diary, the Fish Farmer Handbook and a range of wallplanners.
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