BOSTON — Lux Research reported the demand for water treatment for aquaculture is expected to nearly double from $7.2 billion in 2014 to 13.3 billion in 2013, according to a press release.
Aquaculture is the farming of fish and other aquatic animals, stated the release.
Advanced reuse systems for aquaculture represent 4.5 percent of the total market currently, noted the report titled, “Blue Revolution: The Fast-growing $7.2 Billion Water Treatment Opportunity in Aquaculture,” however, recirculating aquaculture systems (RAS) will produce more than 40 percent of the total output by 2030, continued the release.
“Aquaculture is leading to a 'blue revolution' as the world shifts from hunting and gathering aquatic resources to farming them,” said Abhirabh Basu, Lux Research associate and lead author of the report. “However, without water treatment, fish populations swim in a putrid cocktail of dead fish, feed, feces and nutrients that breeds disease and endangers entire crops — advanced treatment systems are essential for the market to grow.”
Lux Research, noted the release, “provides strategic advice and ongoing intelligence for emerging technologies.”
You can find the release here.