An industry market research firm is predicting that worldwide demand for aquaculture supplies and equipment will swell to USD 63.6 billion (EUR 49.6 billion) by 2017.
A new Report, World Aquaculture: Feed, Equipment & Chemicals, released by the Freedonia Group, indicates a transition from extensive to intensive aquaculture production will drive demand, pushing up prices in fish meal and fish oil.
“The continued trend toward intensive aquaculture is also expected to positively affect demand for other aquaculture supplies,” Freedonia said in a release. “More intensive production requires the use of a greater variety of equipment, including pumps, filters, feeders, water quality monitors, and water treatment equipment. As stocking densities rise, demand for feed supplements and pharmaceuticals will benefit.”
The report shows Asia, and specifically China, has been the source of the most growth from 2002 to 2012. As Chile recovers from a salmon disease, the report predicted South America was poised to expand its aquaculture.
