Fin Fish Market Size, Share, Revenue, Industry Analysis & Forecast 2023-2028
IMARC Group has recently released a new research study “Fin Fish Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of the Fin Fish Industry ?
The global fin fish market size reached US$ 186.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 242.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
Covied-19 Impact
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What is a Fin Fish Market ?
A fin fish represents a species of cartilaginous fish characterized by bony spines or rays protruding from the body. It is a rich source of phosphorus, calcium, and other minerals, such as iron, zinc, iodine, magnesium, potassium, etc. Some of the commonly available variants include snappers, milkfish, pompano, seabass, catfish, groupers, tilapia, sea bass, etc. Their production involves regular stocking, feeding, conservation of aquatic life, etc. In line with this, they also assist in improving cardiovascular health, eyesight, brain function, and skin, preventing oxidative stress to the thyroid gland, repairing damaged tissues, etc. A fin fish is cultivated in three types of environments, such as marine water, brackish, and freshwater.
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What are the major market drivers in the Fin Fish Market ?
The widespread product adoption for preparing several dishes, such as sandwiches, rice dishes, pasta, etc., is primarily driving the fin fish market. Additionally, the growing consumer health consciousness and the escalating demand for a protein-rich diet are further catalyzing the market growth. Besides this, numerous technological advancements in fishing equipment that aid in minimizing the complexities in aquafarming are acting as significant growth-inducing factors.
Moreover, the rising utilization of various types of fin fish, including salmon, tuna, mackerel, etc., in ready-to-eat (RTE) meals is positively influencing the global market. Apart from this, the increasing popularity of seafood cuisines and the inflating per capita income levels of individuals are anticipated to fuel the fin fish market over the forecasted period.
Who are the leading players in the Fin Fish Market?
Blue Ridge Aquaculture Inc., Cermaq Group AS (Mitsubishi Corporation), Eastern Fish Company, Leroy Seafood Group ASA (Austevoll Seafood ASA), Mowi ASA, P/F Bakkafrost, Stehr Group Pty Ltd., Tassal Group Limited, Thai Union Group PCL and Wanchese Fish Company (Cooke Inc.).
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Fin Fish market Report Scope |
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Report Coverage |
Details |
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Market size value in 2022 |
US$ 186.1 Billion |
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Market forecast in 2028 |
US$ 242.4 Billion |
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Growth Rate |
CAGR of 4.3% from 2023 to 2028 |
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Base year for estimation |
2021 |
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Historical data |
2017-2022 |
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Forecast period |
2023-2028 |
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Report coverage |
Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, And Trends |
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Segments covered |
Fish Type, Environment And Distribution Channel |
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Regional scope |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
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Key companies profiled |
Blue Ridge Aquaculture Inc., Cermaq Group AS (Mitsubishi Corporation), Eastern Fish Company, Leroy Seafood Group ASA (Austevoll Seafood ASA), Mowi ASA, P/F Bakkafrost, Stehr Group Pty Ltd., Tassal Group Limited, Thai Union Group PCL and Wanchese Fish Company (Cooke Inc.). |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Fish Type:
· Tropical Fin Fish
o Pompano
o Snappers
o Groupers
o Salmon
o Milkfish
o Tuna
o Tilapia
o Catfish
o Seabass
· Others
Breakup by Environment:
· Freshwater
· Marine Water
· Brackish Water
Breakup by Distribution Channel:
· Supermarkets and Hypermarkets
· Convenience Stores
· Specialty Stores
· Online Stores
· Others
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=5914&flag=C
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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