Global seafood market is expected
to witness robust growth over the forecast period owing to rising global population,
increasing per capita disposable income, rising consumption and changing diet
preferences in developing countries. The technological improvements in
processing, packaging and storage of seafood, development of modern
distribution channels and increasing number of health conscious people are some
other factors anticipating the demand for seafood.
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Seafood such as prawns, can
help in nourishing the kidneys. They are very high in proteins. Prawns also
helps in clearing blood vessels and warm the meridians. It promotes blood
circulation. Hence, people suffering from cold extremities should eat more
prawns. People suffering from post-natal delivery with either lack or none
lactation should drink prawn broth to increase blood calcium level. The
benefits associated with it are expected to witness lucrative growth over the
decade.
The global seafood industry
consists of two distinct production systems which includes wild catch and
aquaculture. Wild catch includes techniques like bottom trawl, dredge,
gillnetting, harpooning, siene net, trolling and many more while aquaculture
includes farming techniques such as hatchery, open net pens, ponds, shellfish
culture, suspended culture etc.
Aquaculture is considered to
be the fastest growing seafood producing segment contributing to the market
growth. According to the FAO data, in 2013, the global fishery production from
aquaculture is estimated to be 160 million tones and the proportion of fish
production traded internationally is around 37%.Greater the quantity of fish,
more are the by-products such as backbones, heads and viscera which can be
potentially turned into valuable products fit for human consumption. This new
emerging market of by-product is expected to boost the market growth. In 2012, more
than 50% of seafood traded globally, comes from developing countries.
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