Fish Farming Market Trends, Size, Share, and Forecast 2023-2028
The “Fish Farming Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” report by IMARC Group offers a detailed analysis of the industry, including fish farming market size, share, demand, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the Fish Farming Market?
The global fish farming market size reached US$ 292.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 401.75 Billion by 2028, exhibiting a growth rate (CAGR) of 5.12% during 2023-2028.
What is Fish Farming?
Fish farming represents the methods used to breed and raise fish in a controlled environment for commercial and domestic purposes. They mostly include cage systems, integrated fish culture, classic fry farming, and pond systems. These fish farming processes help to produce a variety of fish fit for human consumption, including catfish, trout, tilapia, carp, salmon, paddlefish, cod, tuna, sea bass, and sturgeon. They are convenient to practice, cost-effective, and ensure higher profitability and low risk. Fish farming procedures are extremely sustainable and eco-friendly, aid in enhancing fish production and quality, offer freedom to breed fishes with desired characteristics, and provide improved water management. They even aid in restoring the natural ecosystem. Consequently, fish farming systems are extensively practiced across the globe.
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What are the Growth Prospects and Trends in the Fish Farming Market?
The shifting consumer preferences toward consuming fish and seafood across countries, owing to their high nutritional content, such as proteins, omega-3 fatty acids, riboflavin, zinc, vitamin D, calcium, iron, iodine, magnesium, potassium, etc., that offer numerous health benefits, are primarily driving the fish farming market. Additionally, the escalating demand for various fish-based products, which include collagen, gelatin, insulin, albumin, chitin, oil, chitosan, etc., that are utilized in cosmetics, personal care products, plastic surgery, dentistry, biofuel, fertilizers, etc., is acting as another significant growth-inducing factor. Apart from this, the launch of micro-bubble aeration technology that provides a cost-efficient solution to disinfect water, improve dissolved oxygen, eliminate organic pollutants, and enhance the growth rate of fish is also positively influencing the global market growth. Moreover, the emerging trend of integrating artificial intelligence (AI)-based solutions in fish farming for automating feeding systems, facilitating remote monitoring, and offering growth statistics, temperature optimization, predictive measures, and water quality regulation capabilities is expected to bolster the fish farming market in the coming years.
Who are the key Players Operating in the Industry?
- Alpha Group
- Cermaq Group AS (Mitsubishi Corporation)
- Cooke Aquaculture Inc.
- Leroy Seafood Group ASA (Austevoll Seafood ASA)
- Mowi ASA
- Nippon Suisan Kaisha Ltd.
- Tassal Group
- Nireus Aquaculture S.A.
What is included in Market Segmentation?
The report has segmented the market into the following categories:
Environment Insights:
- Marine Water
- Fresh Water
- Brackish Water
Fish Type Insights:
- Salmon
- Milkfish
- Tuna
- Tilapia
- Catfish
- Sea Bass
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: 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.
Who we are:
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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