Fish Farming Market Growth, Size, Trends, Demand, Revenue, Share, Challenges and Future Outlook

Fish Farming Market Size- By Environment, By Fish Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Fish Farming Market Size- By Environment, By Fish Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Dec 2023 Report ID: AGRI2358 Pages: 1 - 217 Formats*:     
Category : Agriculture
Fish Farming Market Introduction and Overview 

According to SPER Market Research, the Global Fish Farming Market is estimated to reach USD 484.68 billion by 2033 with CAGR of 4.91%.  

The report includes an in-depth analysis of the Global Fish Farming Market, including market size and trends, product mix, applications, and supplier analysis. In "fish farming", it refers to the practice of raising fish. This farming method includes feeding, frequent stocking, and predator protection, among other interventions in the rearing phase to improve productivity. Some farmers in underdeveloped nations and multinational corporations that possess ownership of the stock being raised engage in fish farming. Many individuals have ingested fish as part of their cultural customs, and it has a very good nutritional profile overall. It is a good source of vital micronutrients, vitamins, minerals, fatty acids, and protein.

  • January 2022: The Indonesian government said that it planned to establish a network of dozens of towns with aquaculture farms by the end of the year, in an attempt to expedite the post-pandemic economic recovery.
  • December 2022: The US Department of Energy's (DOE) Water Power Technologies Office (WPTO) declared that it will allocate about USD 16 million towards fresh research and development projects related to hydropower and marine energy.
Fish Farming Market
Market Opportunities and Challenges
Growing public knowledge of aquaculture's advantages is one of the main reasons propelling the growth of market's revenue. Fish and shellfish farming, or aquaculture, has grown quickly to fill the voids left by the depletion of natural fish stocks and the increasing industrialization of fishing. In addition, the food and beverage industry has continuously evolved to meet the needs of its customers. Furthermore, the demand for packaged and convenience foods has increased due to consumer preferences for affordable, ready-to-eat items. Furthermore, it is projected that the recent growth in the food processing industry would boost the demand for fast food, which will support the need for meat and fish worldwide. As a result, these elements support the growth of the world market.

The natural balance of the world's water bodies is upset by effects of climate change, such as rising sea levels and temperatures, modifications to the monsoon and rainfall cycles, and extreme weather events. Aquaculture in temperate zones is negatively impacted by global warming because temperatures can rise above what is suitable for farmed species. Numerous fish species' reproductive cycles are impacted by these factors. It is expected that the expansion of the fish farming industry would be hampered by these unfavourable conditions. Furthermore, the market for fish farming is further constrained by the rising levels of water contamination, which increase the likelihood of fish illness.

Fish Farming Market


Market Competitive Landscape
Prominent entities are putting traceability systems into place to tell customers about the provenance, manufacturing processes, and calibre of their seafood offerings. This strengthens the commitment to moral and sustainable business operations and fosters consumer trust. Working together is another tactic that important players use. They collaborate with academic institutions, governmental bodies, and non-governmental groups to exchange best practices, pool expertise, and tackle industrial problems as a group. Major players are Alpha Group Ltd., Cermaq Group Aas (Mitsubishi corporation), Cooke Fish Farming, Fish Farming technologies Asia limited , Marine Harvest Asa (marine), Nippon Suisan Kaisha ltd., P/f Bakkafrost (Bakkafrost), Thai union group Plc (Thai union) and various others.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Environment, By Type
 Regions coveredNorth America, Asia-Pacific, Latin America, Middle East & Africa and Europe
 Companies Covered
Alpha Group Ltd., Cermaq Group As (Mitsubishi Corporation), Cooke Fish Farming, Fish Farming technologies Asia limited , Marine Harvest Asa (Marine), Nippon Suisan Kaisha ltd., P/f Bakkafrost (Bakkafrost), Thai union group Plc (Thai union), Others
COVID-19 Impact on Global Fish Farming Market 
Fish product sales have slightly decreased as a result of the COVID-19 pandemic's disruption of the supply chain and decrease in food intake outside the home.  Nonetheless, fish consumption at home has grown and is predicted to boost this market's profitability in the upcoming years. Even though aquatic foods are essential to the livelihood, food and nutrition security, and culture of hundreds of millions of people, the COVID-19 epidemic and the lockdowns that followed it caused health and economic crises, which in turn raised the rate of poverty and exacerbated the impending food crisis. In many OECD nations, the demand for fish products comes from the hospitality, restaurant, and catering sector. As a result, the market is adversely affected.

Key Target Audience:
  • Commercial Fishermen
  • Fish Farmers
  • Fish Farmers and Aqua culturists
  • Fishing Gear Manufacturers
  • Boat and Vessel Manufacturers
  • Seafood Processing Companies
  • Seafood Distributors and Wholesalers
  • Retailers and Grocery Stores
  • Restaurants and Food Service Providers
  • Government Fisheries Departments
Our in-depth analysis of the Fish Farming Market includes the following segments:
By Environment:
  • Brackish Water
  • Marine Water
  • Fresh Water
  • By Fish Type:
  • Catfish
  • Groupers
  • Milkfish
  • Pompano
  • Salmon
  • Sea bass
  • Snappers
  • Tilapia
  • By Region:
  • Asia-Pacific
  • Europe
  • Middle East & Africa
  • North America
  • Latin America
  • Key Topics Covered in the Report:
    • Global Fish Farming Market Size (FY’2023-FY’2033)
    • Overview of Global Fish Farming Market
    • Segmentation of Global Fish Farming Market By Fish Type (Brackish Water, Marine Water, Fresh Water)
    • Segmentation of Global Fish Farming Market By Environment (Catfish, Groupers, Milkfish, Pompano, Salmon, Sea bass, Snappers, Tilapia, Tuna, Others)
    • Statistical Snap of Global Fish Farming Market 
    • Expansion Analysis of Global Fish Farming Market 
    • Problems and Obstacles in Global Fish Farming Market 
    • Competitive Landscape in the Global Fish Farming Market 
    • Impact of COVID-19 and Demonetization on Global Fish Farming Market 
    • Details on Current Investment in Global Fish Farming Market 
    • Competitive Analysis of Global Fish Farming Market 
    • Prominent Players in the Global Fish Farming Market 
    • SWOT Analysis of Global Fish Farming Market 
    • Global Fish Farming Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Global Fish Farming Market 

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Global Fish Farming Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Fish Farming Market

    7. Global Fish Farming Market, By Environment (USD Million)
    7.1. Global Fish Farming Market Value Share and Forecast, By Environment, 2023-2033
    7.2. Brackish Water
    7.3. Marine Water
    7.4. Fresh Water

    8. Global Fish Farming Market, By Fish Type (USD Million)
    8.1. Global Fish Farming Market Value Share and Forecast, By Fish Type, 2023-2033
    8.2. Catfish
    8.3. Groupers
    8.4. Milkfish
    8.5. Pompano
    8.6. Salmon
    8.7. Sea bass
    8.8. Snappers
    8.9. Tilapia
    8.10. Tuna
    8.11. Others

    9. Global Fish Farming Market Forecast, 2019-2033 (USD Million)
    9.1. Global Fish Farming Market Size and Market Share

    10. Global Fish Farming Market, By Environment, 2019-2033 (USD Million)
    10.1. Global Fish Farming Market Size and Market Share By Environment (2019-2026)
    10.2. Global Fish Farming Market Size and Market Share By Environment(2027-2033)

    11. Global Fish Farming Market, By Fish Type, 2019-2033 (USD Million)
    11.1. Global Fish Farming Market Size and Market Share By Fish Type (2019-2026)
    11.2. Global Fish Farming Market Size and Market Share By Fish Type (2027-2033)

    12. Global Fish Farming Market, By Region, 2019-2033 (USD Million)
    12.1. Global Fish Farming Market Size and Market Share By Region (2019-2026)
    12.2. Global Fish Farming Market Size and Market Share By Region (2027-2033) 
    12.3. Asia-Pacific
    12.3.1. Australia
    12.3.2. China
    12.3.3. India
    12.3.4. Japan
    12.3.5. South Korea
    12.3.6. Rest of Asia-Pacific
    12.4. Europe
    12.4.1. France
    12.4.2. Germany
    12.4.3. Italy
    12.4.4. Spain
    12.4.5. United Kingdom
    12.4.6. Rest of Europe
    12.5. Middle East and Africa
    12.5.1. Kingdom of Saudi Arabia 
    12.5.2. United Arab Emirates
    12.5.3. Rest of Middle East & Africa
    12.6. North America
    12.6.1. Canada
    12.6.2. Mexico
    12.6.3. United States
    12.7. Latin America
    12.7.1. Argentina
    12.7.2. Brazil
    12.7.3. Rest of Latin America

    13. Company Profile
    13.1. Alpha Group Ltd.
    13.1.1. Company details
    13.1.2. Financial outlook
    13.1.3. Product summary 
    13.1.4. Recent developments
    13.2. Cermaq Group As (Mitsubishi Corporation)
    13.2.1. Company details
    13.2.2. Financial outlook
    13.2.3. Product summary 
    13.2.4. Recent developments
    13.3. Cooke Fish Farming
    13.3.1. Company details
    13.3.2. Financial outlook
    13.3.3. Product summary 
    13.3.4. Recent developments
    13.4. Fish Farming Technologies Asia Limited
    13.4.1. Company details
    13.4.2. Financial outlook
    13.4.3. Product summary 
    13.4.4. Recent developments
    13.5. Marine Harvest Asa (marine)
    13.5.1. Company details
    13.5.2. Financial outlook
    13.5.3. Product summary 
    13.5.4. Recent developments
    13.6. Nippon Suisan Kaisha
    13.6.1. Company details
    13.6.2. Financial outlook
    13.6.3. Product summary 
    13.6.4. Recent developments
    13.7. P/f Bakkafrost (Bakkafrost)
    13.7.1. Company details
    13.7.2. Financial outlook
    13.7.3. Product summary 
    13.7.4. Recent developments
    13.8. Thai Union Group Plc (Thai union)
    13.8.1. Company details
    13.8.2. Financial outlook
    13.8.3. Product summary 
    13.8.4. Recent developments
    13.9. Others
     
    14. List of Abbreviations

    15. Reference Links

    16. Conclusion

    17. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Fish Farming Market is projected to reach USD 484.68 billion by 2033, growing at a CAGR of 4.91% during the forecast period.
    Fish Farming Market grew in market size from 2023. The Market is expected to reach USD 484.68 billion by 2033, at a CAGR of 4.91% during the forecast period.
    Fish Farming Market CAGR of 4.91% during the forecast period.
    "You can get the sample pages by clicking the link -Click Here"
    Fish Farming Market size is USD 484.68 billion from 2023 to 2033.
    Fish Farming Market Segment is Covered By Environment, By Type
    The North America region is anticipated to have the highest market share in Fish Farming Market.
    The key players in the market include Companies Covered Alpha Group Ltd., Cermaq Group As (Mitsubishi Corporation), Cooke Fish Farming, Fish Farming technologies Asia limited , Marine Harvest Asa (Marine), Nippon Suisan Kaisha ltd., P/f Bakkafrost (Bakkafrost), Thai union group Plc (Thai union), Others
    This farming method includes feeding, frequent stocking, and predator protection, among other interventions in the rearing phase to improve productivity.
    Not able to find what you are looking for? Need customization in the existing report?
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