Sustainable Seafood Market - Global Forecast to 2025
Sustainable seafood refers to marketing and distribution of seafood through aqua farming or through wild catch in ways that would not harm the long term sustainability of species while also securing the future of the marine ecosystem. The close connection between seafood industry and global sustainability has resulted in developing different sustainability principles to seek and maintain ecological practices in this industry. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/1668 Owing to annual rate of catch being too high and overfished, it has been witnessed that several species are on the verge of extinction. According to a report released by the World Wildlife Fund (WWF), it was reported that global population of the Scombridae family of food fish that includes tuna, bonitos reduced by 74% in 2015. Similarly, according to the International Union for Conservation of Nature (IUCN), the Cassava croaker is estimated to decline by 30%-60% over the past several years affecting the marine ecosystem as well as impacting the local fisheries with the decline of local stocks. Furthermore, illegal fishing techniques carried by local fisheries have also impacted the marine biodiversity since recent past. Some of these fishing techniques used include bottom trawling, bycatch, cyanide fishing, dynamite fishing, and ghost fishing. For instance, in bottom trawling, considered one of the most harmful techniques is basically an industrial method where enormous nets are weighed down with heavy ballast and are dragged along the sea floor, thereby damaging the marine life. As a result, in heavily fished areas such as around coral seamounts of Southern Australia, around 90% of the corals have been found to be damaged. Hence, to maintain a sustainable ecosystem, several countries have banned this technique. For instance, in 2017, the EU implemented the ban on deep-sea bottom trawling beyond 800 meters in a move to protect the ocean ecosystem from industrial fishing. Similarly, bycatch in which the incidental capture of non-target marine species such as dolphins and turtles results in discarding of fishes and resulting in polluting the marine life. According to the WWF, bycatches represents around 40% of the global marine catches leading to high waste of food for both humans and marine species.