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Global aquaculture products market is valued approximately USD 28.09 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 7.2 % over the forecast period 2018-2025. Rising income levels and growing consumption of fish are some key trends that are responsible for the wide adoption of aquaculture products globally.
Global aquaculture products market is significantly driven by growth in aquaculture industry. According to the U.S. Soybean Export Council in July 2018, the United Nations Food and Agriculture Organization reveals that with 5.8% growth rate since 2010, aquaculture continues to grow faster as compared to other food production sectors. In 2016, aquaculture production increase by approximately 4 million tons as compared to 2015 and it expected to reach to around 109 tons by 2030, a growth rate of 37% over 2016. Thus, growth in aquaculture would increase the demand and adoption of aquaculture products thereby, aiding the growth of the market over the forecast period of 2018-2025. Further, government efforts to support aquaculture products offers lucrative growth opportunities for the global Aquaculture products market globally over the forecast period. However, harmful impact on the environment along with the concerns related to food safety are the major factors that impede the growth of global Aquaculture products market.