Fish farming has made a lot of progress in the last few years. It has already been honored as one of the lucrative businesses all across the world. The nutrition-conscious world is highly in demand for fishes as it is a great source of food as well as protein. Along with this, the growing population is further leading to a growing appetite for fish all over the world. Undeniably the world has entered a different and quite restrictive phase after the outburst of the pandemic. And meeting the growing demand for fish in such circumstances has created massive challenges for the suppliers.
The feeling of déjà vu is real, as most of the
countries have certainly become the victim of the second wave of covid-19. The
phase of lockdown has tightened up the situations for the industry in a
different and challenging manner. Where on one hand the vaccination campaigns
are providing hope, on the other hand, the devastating situation due to the
second wave is wreaking havoc in several regions.
In the past 12 months however, industries have
learned the act of tackling these challenges. And in such a manner, the fish
farming industry is no exception. With a focus on sustainability, the fish
farming industry has implemented several new technologies to augment efficiency
as well as productivity.
Other than this, people all across the world
are highly concentrating on food consumption patterns. The awareness regarding
the benefits of a protein-rich diet has boosted the adoption of seafood
globally. Owing to all these, the fish farming industry has adopted numerous
trends and undergone several alterations.
Digital Transformation and
E-Commerce Platforms to Help Aqua Farmers
Technology and digitization have immensely
supported the industry in the times of covid-19. With advanced solutions and
functions such as monitoring of the aqua environment to collect data regarding
the wellbeing of fishes. Along with this, the integration of automatic feeding
systems, underwater lighting, and other data analysis tools further assists the
industry.
Other than this, in various regions, the
government bodies are also initiating to provide a helping hand. For instance,
the Indian government has recently introduced an e-commerce platform, e-SANTA for
marine products. The platform directly connects farmers and exporters and
enables the farmers to get a better price along with offering better quality
products to the exporters.
Supply Chain and
Distribution Channels during the Second Phase
The first phase of covid-19 has immensely
affected the supply chain and production facility. However, the impacts on the
global economy have led the government to design policies to assist the growth
of industries along with managing economic stability.
The relaxations on certain regulations in
various regions have helped the industries to continue their processes. Also,
the industry is coming up with numerous measures to tackle the situation. As
the supply of essential goods has been approved everywhere, the industry is
quite successful in fulfilling the demand for fish among the people. In
addition, the ban on exports and imports has augmented the opportunities for
local fish farmers. At the same time, fish farming is coming to the focus as a chance
for commercial business.
Future Holds Countless
Opportunities
Undeniably Covid-19 has massively impacted the
world. And several industries are yet to be recovered. However, the fish
farming industry has already started to recover at a significant pace.
According to a report published by Allied Market Research, the global fish
farming market is anticipated to hit $378 billion by 2027. The
expansion of the food and beverages industry is leading to augment fish
production. Also, the growing populations and high demand for fish further
boost the growth of the market. On the other hand, the changing lifestyle and
increasing adoption of protein-rich diet owing to growing health awareness is
another major factor that contributes to the growth. Moreover, the industry is shifting
towards further technological advancements. At the same time, the sector of the
retail market is expanding thereby proliferating the growth of fish farming
industry.
Simultaneously, there are other food trends
such as the adoption of veganism that are highly gaining popularity. Also, the
regulations based on animal cruelty, in turn, act as constraint for the
industry players. Nevertheless, government organizations are introducing
several favorable regulations to promote the growth of the industry. Moreover,
fish is the major source of protein and various other crucial nutrients. And
people are highly investing in nutritious and protein-rich food, owing to which
the requirement for fishes can be foreseen to be never-ending. Likewise, inland
fishing operations are evolving along with the utilization of sustainable
technology to expand fish farming. All these aspects are majorly adding up to
the growth thereby unfolding an array of prospects for the fish farming
industry in the near future.
Author
Bio
Akshita Pacholi has accomplished a Masters degree in English Literature and is presently working as a content writer with Allied Market Research. She loves reading, writing short stories, poems, and blogs. She is a selective sports admirer and is curious to learn new things.
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