Aquaculture Market in Indonesia 2019-2023
About this market
The increasing adoption of polyculture farm practices is one of the key factors expected to trigger the aquaculture market in Indonesia. Polyculture farming practices consist of different methods including multi-cropping, alley cropping, intercropping, and crop rotation. Furthermore, polyculture farming is also an economical and practical approach as multiple crops can be cultivated in one field to irrigate efficiently and provide aquatic feed to aquaculture species resulting in the overall market growth during the next few years. Technavio’s analysts have predicted that the aquaculture market will register a CAGR of almost 18% by 2023.
Presence of rich sources of nutrition in aquaculture products
The demand for aquaculture products is increasing due to the rich source of nutrients in it, which will drive the growth of the aquaculture market in Indonesia during the forecast period. Rising awareness of health benefits of aquaculture products is increasing their consumption, which is driving the growth of the aquaculture market in Indonesia
Increasing prevalence of pathogenic diseases among aquaculture species
Aquaculture diseases are one of the major threats, which cause to a range of problems within aquaculture production systems, including their welfare, losses in productivity, uncertainty in food security, income loss, and poor impact on human health. These factors affect the demand for aquaculture products negatively, which will hinder the market growth in Indonesia.
For the detailed list of factors that will drive and challenge the growth of the aquaculture market during 2019-2023, view our report.
The market appears to be concentrated and with the presence of a few market players. The company develops fish feeders and sensors to track the hunger levels of fish based on their movements. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
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