China Aquaculture Market to Exhibit 3.0% CAGR 2016-2020 owing to Technological Advancements in Aquaculture Engineering

Published Date : Sep 19, 2016

ALBANY, NY, Sep 19, 2016: A new market research study has recently been added by to its vast collection of research reports. The 62-page research study, titled “Aquaculture Market in China 2016-2020,” offers a thorough overview, focusing on the potential opportunities and trends in the market. To provide a clear picture of the China aquaculture market, the research study has taken the help of tables, charts, graphs, and infographics to present the historical data, forecast statistics, and growth rate. Furthermore, the growth drivers, challenges, and the product segmentation of the aquaculture market in China have been discussed in the research report.

According to the research report, the aquaculture market in China is estimated to register a 3.0% CAGR between 2016 and 2020. The introduction of new aquaculture species and technological advancements in aquaculture engineering are expected to generate potential growth opportunities in the next few years.

The favorable geographical environment, polyculture farm practices, and the growing awareness regarding the high nutritional content in seafood are some of the primary factors propelling the aquaculture market in China. In addition, the blue economy vision of this region to enhance their aquaculture infrastructure is projected to encourage the growth of the overall market in the near future. However, the slow growth rate of aquaculture, disease prevalence, and unpredictable weather conditions affecting rivers and oceans are projected to curtail the growth of the China aquaculture market in the next few years.

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Furthermore, the imbalance between quality and quantity of seeds for aquafarming is anticipated to hamper the growth of the market in the forecast period. Nonetheless, the growth of organic aquaculture and improved strains in this field are expected to encourage the growth of the aquaculture market in China in the coming years.

On the basis of application, the aquaculture market in China has been categorized into mollusks, crustaceans, freshwater fish, and marine fish. Among these, the freshwater fish segment is expected to witness robust growth and account for a 57% share in the China aquaculture market by the end of 2020. The market share, size, and consumption of each segment have been presented in the research report to determine the growth opportunities and prospects in the market.

The China aquaculture market is extremely fragmented in nature with a large number of small and medium-sized players operating in the market. Most of these players are self-employed farmers and are making efforts to develop innovative ways to enhance their production systems in terms of efficiency. The leading players in the market are competing on the basis of brand, quality, price, and variety.

The prominent players in the aquaculture market in China include Zhanjiang Guolian, Zoneco, Shandong Homey, and Shandong Oriental. Some of the other players studied in the research report are Liancheng Overseas Fishery, Dahu Aquaculture, Ningde Xiawei, Hubei Wuchangyu, Xunshan, and Baiyang. The competition in the aquaculture market is expected to become intense in the coming few years, thanks to the rising population and the growing demand for seafood across China.

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