Breeding aquatic
plants and animal for all or some part of their life in a controlled,
supervised environment is known as aquaculture. The practice is
majorly known for its benefits in fisheries and its ability to meet
the ever rising demands for aquatic products from over the world.
It is now a widely
accepted fact that the rising demands for aquatic products have to be
met by aquaculture. The global aquaculture market is already hugely
popular and is observing growth at a steady pace. The share of
aquaculture in the fishery industry has increased from a mere 4% in
1970 to nearly 36% in 2006.
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In China, the
contribution of aquaculture to country’s total fisheries production
in 2004 was nearly 70%. It is expected that by 2020, aquaculture
would contribute nearly 120-130 million tonnes of fish to the world
fisheries market.
Use of aquafeed in
aquaculture:
For the aquatic
creatures in an aquaculture to survive, it is very necessary that it
be fed properly. There are various types of aquaculture feeds,
commonly called aqaufeeds, which are usually fed to creatures in an
aquaculture. The feeds fall in two major categories – natural and
artificial.
Natural feeds
include varieties of naturally occurring or specifically grown/bred
products such as plants, animals, live food organisms and trash fish
(fish that does not have food value). Artificial feeds are substances
compounded artificially in laboratories and fused with additives such
as medicines, vaccines or vitamins.
Cost required for
aquafeeds accounts for more than half the cost required for
establishing and maintaining an aquaculture venture. So, aqaufeed is
something that eventually dictates the economic success of an
aquafeed operation. Similary, the quality of ingredients of the
aquafeed is also a key factor in formulating its superiority.
Quality of aquafeed
also has a huge impact on every aspect of a typical aquaculture, and
impacts the overall consumer acceptance of the final harvest.
The growing
popularity of aquafeed market can be estimated from the fact that
aqaufeed is now one of the fastest growing segments of the global
animal feed market. This obviously follows in close parallel with the
expansion of aquaculture and its ability to sustain the growing world
demands for aquatic products.
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Global Scenario:
It is estimated that
more people in the world, than ever before, have started relying on
fisheries and aquaculture as a source of food and income. In 2012,
the production of global fisheries totaled nearly 158 million tonnes
– nearly 50% of which came from aquaculture. This rapid expansion
of the aquaculture industry is driving the growth of the aquafeed
industry due to close parallels between both.
It is estimated that
the global intake of aquafeed was nearly 35,000 kilo tons in the year
2012. By the year 2019, this is estimated to reach 72,000 kilo tons.
Majority of demand
for aquafeed, mainly including products such as fish meal, fish oil,
soybean meal and wheat, corn and rice based products, comes from the
Asia Pacific and European countries. Market for aquafeed is also
booming in the North America.
The major driver of
this industry is growth in the aquaculture industry. With exponential
growth expected in this industry in the coming years, one can also
expect huge growth opportunities for this industry in the coming time
as well. Other factors such as the rising popularity of fish
aquariums at offices, restaurants, homes, etc., also contribute to
the growth of aquafeed industry in small, but significant quantities.
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