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.
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.
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 covered | By Environment, By Type
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| 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:
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By Environment:
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Brackish Water
Marine Water
Fresh Water
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By Fish Type:
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Catfish
Groupers
Milkfish
Pompano
Salmon
Sea bass
Snappers
Tilapia
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By Region:
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Asia-Pacific
Europe
Middle East & Africa
North America
Latin America
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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.
