Fish Farming Market

Fish Farming Market is projected to reach USD 378 billion by 2027, exhibiting a CAGR of 5.1% during forecast period.

Fish farming is a kind of aquaculture, in which fishes are bred in an enclosed space to be sold as food. Currently, more than half of the fishes consumed globally are raised through the artificial environment. It is one of the fastest-growing areas for the production of animals. Fish farming is carried out in three types of environments, including marine water, freshwater, and brackish.

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The major factors driving the growth of the global fish farming market include continuous technological advancements in the field of fish farming, increasing protein demand from fisheries and livestock, and the growth in the fish production to meet food supply. It has been observed that in comparison to the past 20-30 years, the current population is increasing rapidly due to rapid urbanization. With the ever-growing population, fisheries will always play a major role in the human diet as they produce organic fish products with multiple health benefits and without the usage of antibiotics or additional nutrients. Fish is one of the most cost-effective and reliable meat sources for obtaining animal protein. People living in socio-economic households or poverty are not able to access the required amount of nutritional food for their wellbeing. Mostly, the food consumed has low-cost staple ingredients or cereals as they have budget constraints to purchase fruits or vegetables. Thus, fish produced through aquaculture is comparatively cheaper and is high in protein with some other important vitamins and minerals. Moreover, fish provides multiple health benefits such as reduced risk of heart diseases, lower depression, improves vision, lowers cholesterol, and others. Thus, the growth of fish production in order to meet food supply is catalyzing the growth of the market.

Increasing demand for fish production has put pressure on fisheries and has created the need for using innovative and new technologies for aquaculture. Implementation of technologies such as AI, augmented reality (AR), virtual reality (VR), sensors, drones, robots, and 3D printing are bringing the evolution in the fish farming industry. For instance, a fish robot was oriented by MIT, which almost mimics like an original fish’s movements and motions. These technologies provide opportunities to understand and study about the natural environment of fishes. Such understanding about the environment of fish could help in providing more natural experience to fishes under production. Hence, technological advancements in fish farming would fuel the Fish Farming Market Growth.

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On the basis of the environment, the market is segmented into freshwater, marine water, and brackish water. Among these, freshwater segment is expected to lead the market during the forecast period. This is attributed to the continuous promotion of using freshwater fish farming by the government of multiple countries.

Based on type, the market is segmented into find fish and others. Among these, fin fish segment is expected to witness a higher CAGR during the forecast period. This is due to the high demand for mollusks across the world as luxury pearls. They have a high nutritional value, which further increases their demand in the market.

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On the basis of region, Asia-Pacific would lead the market during the forecast period. Fish is one of the major sources of protein and aquaculture is one of the major occupations of most of the population in the region, which catalyzes the growth of the market in the region.

The major players in the market include Alpha Group Ltd., Fish farming Technologies Asia Limited, Cermaq Group AS, Cooke Aquaculture Inc., Lerøy Seafood Group ASA., Marine Harvest Group, Nippon Suisan Kaisha Ltd., P/F Bakkafrost, Tassal Group Limited, and Thai Union Group PCL, among others.

 The global fish farming market has been segmented on the basis of environment, type, and region. Based on the environment, the market is segmented into freshwater, marine water, and brackish water. Based on type, the market is segmented into fin fish, and others.

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Key questions answered in this research report:

• • At what pace is global fish farming market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in global fish farming market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global fish farming market?
  • Which type generated maximum revenues in 2019 and identify the most promising Fish Farming type during the forecast period?
  • What are the various types of global fish farming market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Fish Farming Market by Environment

• • Freshwater
  • Marine Water
  • Brackish Water

Global Fish Farming Market by Type

• • Fin Fish
    • Pompano
    • Snappers
    • Groupers
    • Salmon
    • Milkfish
    • Tuna
    • Tilapia
    • Catfish
    • Seabass
    • Others
  • Others

Global Fish Farming Market by Region

• • North America Fish Farming Market (Option 1: As a part of the free 25% customization)
    • North America Fish Farming Market by Environment
    • North America Fish Farming Market by Type
    • US Fish Farming Market All-Up
    • Canada Fish Farming Market All-Up
  • Europe Fish Farming Market (Option 2: As a part of the free 25% customization)
    • Europe Fish Farming Market by Environment
    • Europe Fish Farming Market by Type
    • UK Fish Farming Market All-Up
    • Germany Fish Farming Market All-Up
    • France Fish Farming Market All-Up
    • Spain Fish Farming Market All-Up
    • Rest of Europe Fish Farming Market All-Up
  • Asia-Pacific Fish Farming Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Fish Farming Market by Environment
    • Asia-Pacific Fish Farming Market by Type
    • India Fish Farming Market All-Up
    • China Fish Farming Market All-Up
    • Japan Fish Farming Market All-Up
    • Rest of APAC Fish Farming Market All-Up
  • RoW Fish Farming Market (Option 4: As a part of the free 25% customization)
    • RoW Fish Farming Market by Environment
    • RoW Fish Farming Market by Type
    • Brazil Fish Farming Market All-Up
    • South Africa Fish Farming Market All-Up
    • Saudi Arabia Fish Farming Market All-Up
    • UAE Fish Farming Market All-Up
    • Rest of world (remaining countries of the LAMEA region) FISH FARMING Market All-Up

Global Fish Farming Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Alpha Group Ltd.
  • Fish farming Technologies Asia Limited
  • Cermaq Group AS
  • Cooke Aquaculture Inc.
  • Lerøy Seafood Group ASA.
  • Marine Harvest Group
  • Nippon Suisan Kaisha Ltd.
  • P/F Bakkafrost
  • Tassal Group Limited
  • Thai Union Group PCL