Want to Start Business in Fisheries and Aquaculture Sector.

Description:

Want to Start Business in Fisheries and Aquaculture Sector? Here are few Good Profitable Ideas for You. Selected Projects on Fish and Marine Products, Fish farming, Processing and value added Products

Aquaculture -- also known as fish or shellfish farming -- refers to the breeding, rearing, and harvesting of plants and 

animals in all types of water environments including ponds, rivers, lakes, and the ocean. Aquaculture produces food fish, sport fish, bait fish, ornamental fish, crustaceans, mollusks, algae, sea vegetables, and fish eggs. Aquaculture includes the production of seafood from hatchery fish and shellfish which are grown to market size in ponds, tanks, cages, or raceways. Basically, it’s farming in water. U.S. aquaculture is an environmentally responsible source of food and commercial products, helps to create healthier habitats, and is used to rebuild stocks of threatened or endangered species.

Indian fisheries and aquaculture is an important sector of food production, providing nutritional security to the food basket, contributing to the agricultural exports and engaging about fourteen million people in different activities. With diverse resources ranging from deep seas to lakes in the mountains and more than 10% of the global biodiversity in terms of fish and shellfish species, the country has shown continuous and sustained increments in fish production since independence. Constituting about 6.3% of the global fish production, the sector contributes to 1.1% of the GDP and 5.15% of the agricultural GDP. The total fish production of 10.07 million metric tonnes presently has nearly 65% contribution from the inland sector and nearly the same from culture fisheries.

Global aquaculture demand was 69,230 kilo tons in 2013 and is expected to reach 80,400 kilo tons by 2020, growing at a CAGR of 2.0% from 2014 to 2020. The global aquaculture market is segmented into carp, mollusks, crustaceans, salmon, trout and other fish.

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