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WHY APAC HOLDS THE LARGEST SHARE OF THE AQUACULTURE MARKET

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WHY APAC HOLDS THE LARGEST SHARE OF THE AQUACULTURE MARKET

One of the fastest growing food production systems in the world, aquaculture is a blanket term for the rearing and cultivation of aquatic animals and plants. Though ponds were traditionally used for aquaculture, they have given way to raceways, recirculating systems, and net pens. The latest addition to the list is aquaponics, which involves the merging of hydroponics and aquaculture, wherein water is filtered from the aquaculture portion through to the plants in order to obtain the nutrients the plants need for growth.

When seen from a global standpoint, the aquaculture market has witnessed robust growth both in terms of both volume and revenue. According to analysts at Technavio, the global aquaculture market, which stood at $160 billion in 2015, is poised to grow at a CAGR of 4% by 2020. The Asia-pacific countries (APAC) hold the largest share of the aquaculture market, with China leading the pack.

Continued: http://www.technavio.com/blog/why-apac-holds-largest-share-aquaculture-market

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