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Fish Farming Market By Environment (Freshwater, Marine Water, Brackish Water) By Fish Type (Salmon, Shellfish, Tuna, Tilapia, Milkfish, Others) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The fish farming market research investigates the industry's critical analysis using the crucial factors. The report covers investment tactics, the necessity of investments in the fish farming sector, and the many advantages for investors. This report, which is significant, outlines significant modifications to international technical standards governing the fish farming sector as well as how obstacles of both the economic and non-economic nature are promoting the expansion of the fish farming market. Additionally, the paper examines historical and projected market sizes at the global, regional, and national levels. The report also offers a thorough analysis of the most important investment propositions, the demand and supply gap, the positioning of the competition, and the STAR, SRC, and Tornado analyses. important technological advancements and other assessments, including value chain analysis, PESTEL analysis, and porter's five forces analysis.

REPORT ATTRIBUTE DETAILS

Fish Farming Market by Volume

Yes

Fish Farming Market by Value

Yes

Fish Farming Market, Tornado Analysis

Yes

Fish Farming Market, STAR Analysis

Yes

Fish Farming Market, SRC Analysis

Yes

Fish Farming Market, Import-Export Data

Yes By (On Demand)

Fish Farming Market Pricing Analysis

Yes (On Demand)

Fish Farming Market Segment Analysis

· By Environment (Freshwater, Marine Water, and Brackish Water)

·  By Fish Type (Salmon, Shellfish, Tuna, Tilapia, Milkfish, and Others)

Fish Farming Market, Regional Analysis

· North America (US and Canada)

· Europe (Germany, UK, France, Italy, Spain, and Rest of Europe)

· Asia Pacific (China, India, Japan, South Korea, South East Asia, and Rest of Asia Pacific)

·         Latin America (Brazil, Mexico, and Rest of Latin America)

· Middle East and Africa (GCC Countries, South Africa, and Rest of Middle East and Africa)

Fish Farming Market Key Companies

· Alpha Group Ltd., Cermaq Group AS, Fish farming Technologies Asia Ltd., Cooke Aquaculture, Marine Harvest ASA, Leroy Seafood Group ASA, Nippon Suisan Kaisha Ltd., Tassal Group Ltd., P/F Bakkafrost, and Thai Union Group Plc

Fish Farming Market Competitive Landscape

·         Market Share Analysis

·         Competitive Benchmarking

·         Key Players Market Positioning

·         Geographical Presence Analysis

·         Major Strategies Adopted

Key Highlights of the report

How are the major segments performing in the fish farming market?

  • The freshwater sector had the greatest revenue share of the global fish farming market in 2021 due to expanding government programmes to encourage the use of freshwater in fish farming.
  • The others sector represented a sizeable revenue share in the market in 2021 as a result of the hardiness and adaptability of these fish, which promotes their domestication all over the world.

Which region dominated the fish farming market?

Asia Pacific dominated the global fish farming market in 2021 due to the development of effective fish farming technology. The Asia-Pacific fish farming industry is expected to increase due to a high rate of population growth and a wide range of fish consumers.

What is the competitive environment of the fish farming market?

The competitive environment of the fish farming industry provides data on the total profit made by suppliers and businesses, the sales & revenues produced in this industry, the global market share of fish farming, a summary of the business structure, the introduction of new products, and the opportunities for the fish farming market. Additionally, a well-organized and effective supply chain and a larger distribution network are two of fish farmers' main expansion tactics for reaching consumers.

Executive Summary

How increasing AI adoption transforms the fish farming industry?

The first application of artificial intelligence in fisheries was the automated feeding system. Feeding the fish can be time-consuming even though freshwater aquaculture enables the farmer to remain close to the producing area. By utilising the technology of an automated feeding system, AI can help with automatic fish feeds. AI-powered devices that release a predetermined amount of feed for fish to devour and survive make this possible. This is a fantastic way to maximise animal food intake and minimise food waste. Aquaculture artificial intelligence enables the cultivator to remotely monitor and maintain the agricultural land. Artificial intelligence and machine learning methods that let farmers set their preferences and derive customised models for their agricultural site can be used to optimise temperature. AI, for instance, can help farmers lower the temperature during the day and raise it at night. AI is thus once more helpful in controlling and maintaining the oxygen level in the water used to grow fish. A machine learning algorithm that permits oxygen release at predetermined intervals is used to achieve this. Homeowners, bank officials, and aquaculture farmers have long been alerted to possible issues by smart sensors, a well-known AI use. Intelligent sensors with built-in AI can instantly inform farmers when toxicity levels rise or oxygen levels drop. Additionally, the sensors will immediately alert the user if the oxygen level rises or falls, creating a stable habitat for animals.

Which are the key investments by the fish farming market players?

Leading companies in the fish farming market are concentrating on increasing fish farming production capacity. In addition, players are focusing on strategic alliances, partnerships, and raising consumer awareness through a variety of advertising campaigns to aid manufacturers in promoting the use of fish farming in the industry, which further aids to expand their customer base in fish farming market to gain a competitive edge. Alpha Group Ltd., Cermaq Group AS, Fish farming Technologies Asia Ltd., Cooke Aquaculture, Marine Harvest ASA, Leroy Seafood Group ASA, Nippon Suisan Kaisha Ltd., Tassal Group Ltd., P/F Bakkafrost, and Thai Union Group Plc are some significant market participants in the fish farming industry.

What are the major driving factors for the fish farming market?

The expansion of the fish farming industry can be attributed to shifts in the patterns of world food consumption. At the moment, fish farming is absolutely necessary to meet the demand and supply for food. The expansion of the retail industry and the ease of obtaining goods through various sales channels have made it easier for consumers to purchase packaged fish, which has increased market product sales. Fish aquaculture is another way that business protects endangered animals. This industry has grown significantly as a result of the rising acceptance of high-protein diets. Governments from several countries are working with us to support freshwater aquaculture and have a beneficial impact on this industry in response to the growing demand for food. In many areas, fish is an essential component of the typical diet. In other places, this industry has been greatly boosted by awareness of fish's health benefits. The rise of the market, which will have a substantial impact on aquaculture, will be reflected in the rising consumption of omega 3 as a nutritional supplement in the coming years. The category of goods that the majority of people purchase includes fish. Additionally, the market for fish farming will rise in the next years due to measures to revive aquaculture and ongoing technological developments in fishing gear.

fish-farming-market

What are the major risks for the fish farming market?

Water contamination is the main problem impeding the growth of the fish farming industry globally. Since insufficient water can impair the health and development of fish, water quality is essential in fish farming. Fish farming depends heavily on the pH, alkalinity, hardness, and salinity of the water.

Which is the key application in the fish farming market?

Due to expanding government programmes to encourage the use of freshwater in fish farming, the freshwater sector accounted for the biggest revenue share of the worldwide fish farming market. The main factor fueling the segment's expansion is the rising acceptance of aquaculture as a sustainable alternative to wild fishing. Freshwater aquaculture is the practise of commercially breeding and growing aquatic organisms in ponds, lakes, rivers, reservoirs, and other inland waterways. To meet the growing demand for food, governments around the world are pushing cage and freshwater fish farming, which is growing the fish farming sector.

How is the fish farming market performing in regions?

In 2021, Asia-Pacific had the biggest market share for fish farming, and it is anticipated that it will maintain this dominance going forward. This expansion is attributed to both the rapid population growth and the wide variety of fish eaters. This local market has benefited from the advent of efficient fish farming equipment, such as intensive closed systems, which has assisted fish farmers in increasing their profitability. Major expansions in fishing activities in Asian nations including Thailand, India, Japan, and China are mostly to blame for this surge. In the coming years, if this pattern holds, it is expected that this regional market would continue to dominate the global fish farming sector.

What is the regulatory landscape for the fish farming market?

Fish producers can follow FDA regulations and a set of guidelines known as Best Aquaculture Practices (BAP) since fish need clean water to develop (FDA). Specific aquaculture legislation may also apply to foreign authorities. Importers of seafood from the United States frequently visit local farms. Hazard Analysis and Critical Control Point (HACCP) guidelines are followed when processing fish in the United States. Processors are required to adhere to current good manufacturing standards and BAP regulations (cGMP). Only seafood from foreign processors that adhere to FDA Seafood HACCP requirements may be imported by importers. All imported seafood must adhere to US safety, wholesomeness, and "zero tolerance" policies for banned substances.

What is the market size of fish farming regarding value?

The fish farming market is predicted to rise at a significant CAGR of 4.8% during the forecastperiod. The fish farming industry was estimated to be worth USD 301.5 billion in 2021 and wasexpected to be worth USD 399.4 billion by 2028.

What are the major players planning for the future of the fish farming market?

It is envisaged that investing in downstream applications and expanding regional presence will give businesses a competitive edge. For example, in March 2022, Cermaq Group AS founded iFarm in partnership with BioSort to enhance fish health and wellness using AI and machine learning. In order to provide the fish with individualised follow-up, BioSort and Cermaq tested a sorting system that will sort the fish in a net pen. Understanding the variations between fish is essential for improving fish health and wellbeing in net pens and will be a game-changer for the viability of salmon farming.

Segmentation of Fish Farming Market-

Fish Farming Market – By Environment

  • Freshwater
  • Marine Water
  • Brackish Water

Fish Farming Market – By Fish Type

  • Salmon
  • Shellfish
  • Tuna
  • Tilapia
  • Milkfish
  • Others

Fish Farming Market – By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the fish farming market

Since people were kept inside their houses during Covid-19 and governments declared total lockdown, the fish farming business suffered.

The majority of the Fish Farming market's revenue was generated in Asia-Pacific.

Growing consumer health consciousness, an increase in fishing activities throughout Asia, and rising protein demand from cattle and fisheries all over the world are the main factors driving the market's expansion.

In 2021, the others market sector held a sizable portion of the overall market.

In 2021, the freshwater market had a sizable market share.

Fish Farming Market Scope

Report Attribute Details
Market Value in 2021 USD 301.5 billion
Market Value in 2028 USD 399.4 billion
CAGR 4.8%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Nov 2022
Category:  Consumer Goods
Report ID:   60777
Report Format:   PDF
Pages:   120
Rating:    4.4 (40)
Delivery Time: 24 Hours to 48 Hours   
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