Aquaculture is commonly known as aqua farming. Aquaculture is the farming of aquatic organisms in both coastal and inland areas under managed and partially controlled conditions. It includes farming of fish, aquatic plants, mollusks, crustaceans, algae, and other organisms. There are two types of aquaculture marine and freshwater. Aquaculture is the world’s fastest increasing food production sector and is essential to sustain food demand for an expanding population.
The global aquaculture market on the basis of cultural environment is segmented into freshwater, brackish water, and marine. The marine segment accounted for the largest share in the global aquaculture market. Marine aquaculture involves the cultivation of marine organisms for food and other products in the open ocean or in tanks and ponds which are filled with seawater. The different type of fishes raised in the marine aquaculture includes finfish and shellfish like prawns, or oysters and seaweed in saltwater ponds. Non-food products produced by include fish meal, nutrient agar, jewelry, and cosmetics. Marine aquaculture has rapidly expanded over the past few years due to improvements in formulated feeds, new technology, growing biological understanding of farmed species, increased water quality within closed farm systems, and greater demand for seafood products. These factors are projected to propel the growth of the aquaculture market over the forecast period.