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Fish farming is a kind of aquaculture, in which fishes are bred in an enclosed space to be sold as food. Currently, more than half of the fishes consumed globally are raised through the artificial environment. It is one of the fastest-growing areas for the production of animals. <br><br>Visit: https://www.gmiresearch.com/report/fish-farming-market/
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This report researches and evaluates the impact of COVID-19 outbreak on the market, including potential opportunities and challenges, drivers, and risks associated with the market. We present a detailed assessment of market growth based on numerous scenarios.
Market Overview The market report offers a detailed analysis of the market size, regional and country-level market size, segmentation, market growth, market share, competitive landscape, and the impact of domestic and global leading players.
Market Drivers The continuous technological advancements in the field of fish farming, rising protein demand from fisheries and livestock, and the growing fish production to meet food supply are the major factors that are surging the growth of the global fish farming market. It has been observed that in comparison to the past 20-30 years, there has been a drastic increase in the population driven by rapid urbanization. With the ever- growing population, the demand for fish-related food products has surged as these products offer exceptional health benefits and without the usage of antibiotics or additional nutrients. People living in socio-economic households or poverty are not able to access the required amount of nutritional food for their wellbeing. The food consumed by them has low-cost staple ingredients or cereals due to budget constraints to purchase fruits or vegetables. Therefore, fish produced through aquaculture is cheaper and contains high amount of protein, vitamins, and minerals. Additionally, fish offers various health benefits such as decreased risk of heart diseases, lower depression, enhances vision, lowers cholesterol, and others. Hence, the growing production of fish to meet food supply is another factor that is surging the growth of the fish farming market size.
The strong demand for fish production has put pressure on fisheries and has created the requirement for using innovative and new technologies for aquaculture. Continuous implementation of technologies including AI, sensors, drones, augmented reality (AR), virtual reality (VR), robots, and 3D printing are creating evolution in the fish farming industry. The introduction of these advanced technologies are opening new doors for the growth of the global fish farming market.
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