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Aquaculture
First Research, March 2012, Pages: 10
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Executive Summary
Brief Excerpt from Industry Overview Chapter:
The US aquaculture industry includes about 6,400 farms with combined annual revenue of more than $1 billion. No major companies dominate the industry, which is fragmented.
Aquaculture is the farm-raising of fish, shellfish, and other aquatic animals. Aquaculture farms raise animals in captivity, stock and feed animals, and protect stock from predators. Fishing in natural aquatic habitats is covered in the Commercial Fishing profile. Fish processing and distribution is covered in the Seafood Processing profile.
COMPETITIVE LANDSCAPE
Demand is driven primarily by domestic trends in fish consumption and competition from imports. The profitability of individual companies depends on efficient operations and protecting fish stock from death and disease. Large companies have advantages in vertically integrating operations from breeding to processing and packaging. Small farms, typically those that are family-owned, can compete effectively by specializing in unusual and high-end products or offering onsite fee-fishing.
Aquaculture competes with US livestock, poultry, and traditional fishing operations, as well as with foreign aquaculture and fishing operations that export to the US.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major products include catfish; mollusks, such as clams and oysters; and trout. Other products include freshwater shrimp, salmon, ornamental tropical fish, and baitfish. Some farms specialize in fee-fishing, allowing fishing enthusiasts to catch and pay for pond-caught fish.
Farm-raised catfish are grown in open freshwater production systems, typically earthen ponds fed by groundwater. Salmon are hatched in fresh water and transferred to saltwater pens for final growout. Mollusk aquaculture is carried...
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