Fish Farming Market Is Growing at 4.8% CAGR to Hit USD 399.4 BN: Statistics Report By Credence Research

Fish Farming Market Is Growing at 4.8% CAGR to Hit USD 399.4 BN: Statistics Report By Credence Research
Key players covered into report are 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

The global fish farming market had sales of about USD 301.5 billion in 2021, and it is projected that it would rise at a CAGR of more than 4.8% from 2022 to 2028, reaching about USD 399.4 billion.

The increase of the fish farming sector during the anticipated period can be ascribed to changing trends in food consumption. Fish aquaculture is currently essential to balancing the supply and demand for food. Due to the expansion of the retail industry and consumers’ increased ease of access to goods through various sales channels, packaged fish sales have increased in recent years. The industry also uses fish farming to protect endangered species. The rise in popularity of high-protein diets has made a substantial contribution to the expansion of this sector. Governments from several countries are supporting freshwater aquaculture alongside us and having a positive impact on this industry in response to the growing demand for food. In many areas, fish is an essential component of the typical diet. 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.

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The global fish farming market is bifurcated into Environment, Fish Type, and Geography. Based on environment, the market is segmented into freshwater, marine water, and brackish water. Based on fish type, the market is categorized into salmon, shellfish, tuna, tilapia, milkfish, and others. Based on geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Asia-Pacific was the region with the biggest revenue share in the global fish farming market in 2021, and it is anticipated that it will sustain to hold this position in the years to come. The high rate of population increase and the variety of fish consumers are the main causes of this expansion. 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. However, due to a rising consumer preference for protein-rich foods, North America is anticipated to rise at the higher CAGR over the forecast period. Additionally, the development of effective fish farming methods such intensive closed systems has benefited fish farmers by allowing them to increase their market share and profitability in this region.

Why to Buy This Report-

With a historical period from 2016 to 2020, a base year of 2021, and a forecast period from 2022 to 2028, the research provides a qualitative and quantitative analysis of the worldwide fish farming market by segments, current trends, drivers, constraints, opportunities, challenges, and market dynamics.

The study includes details about the competitive environment, such as how the major market players conduct their business on a global, regional, and national scale.

Detailed examination of the worldwide fish farming market’s division by environment and fish species.

Major nations in each region, together with information on imports and exports.

The worldwide fish farming market study also examines key market trends, significant players, market growth strategies, and important application areas at the international, regional, and national levels.

Table of content:

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Category I – Secondary Research

1.3.2. Category II – Primary Research

1.3.3. Category III – Expert Panel Review

1.3.4. Approach Adopted Top-Down Approach Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation


2. Executive Summary

2.1. Market Snapshot: Global Fish Farming Market

2.2. Global Fish Farming Market, By Environment

2.3. Global Fish Farming Market, By Fish Type

2.4. Global Fish Farming Market, By Region


3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Fish Farming Market Value, 2016-2028, (US$ Bn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Market Drivers

3.2.3. Market Restraints

3.2.4. Market Opportunities

3.2.5. Major Industry Challenges

3.3. Attractive Investment Proposition,2021

3.3.1. Environment

3.3.2. Fish Type

3.3.3. Geography


4. Premium Insights

4.1. STAR (Situation, Task, Action, Results) Analysis

4.2. Porter’s Five Forces Analysis

4.2.1. Threat of New Entrants

4.2.2. Bargaining Power of Buyers/Consumers

4.2.3. Bargaining Power of Suppliers

4.2.4. Threat of Substitute Types

4.2.5. Intensity of Competitive Rivalry

4.3. Value Chain Analysis

4.4. Technology Analysis

4.5. Marketing Strategy Analysis

4.5.1. Direct Marketing

4.5.2. Indirect Marketing

4.5.3. Marketing Channel Development Trend


5. Market Positioning of Key Players, 2021

5.1. Company market share of key players, 2021

5.2. Competitive Benchmarking

5.3. Market Positioning of Key Vendors

5.4. Geographical Presence Analysis

5.5. Major Strategies Adopted by Key Players

5.5.1. Key Strategies Analysis

5.5.2. Mergers and Acquisitions

5.5.3. Partnerships

5.5.4. Product Launch

5.5.5. Geographical Expansion

5.5.6. Others


6. COVID 19 Impact Analysis

6.1. Global Fish Farming Market Pre Vs Post COVID 19, 2019 – 2028

6.2. Impact on Import & Export

6.3. Impact on Demand & Supply


7. Global Internet of Things Market

7.1. Global Fish Farming Market, By Environment, 2016-2028(US$ Bn)

7.1.1. Overview

7.1.2. Global Fish Farming Market, By Environment, 2021 vs 2028 (in%)

7.1.3. Global Fish Farming Market, By Freshwater, 2016-2028 (US$ Bn)

7.1.4. Global Fish Farming Market, By Marine Water, 2016-2028 (US$ Bn)

7.1.5. Global Fish Farming Market, By Brackish Water, 2016-2028 (US$ Bn)

7.2. Global Fish Farming Market, By Fish Type, 2016-2028(US$ Bn)

7.2.1. Overview

7.2.2. Global Fish Farming Market, By Fish Type, 2021 vs 2028 (in%)

7.2.3. Global Fish Farming Market, By Salmon, 2016-2028 (US$ Bn)

7.2.4. Global Fish Farming Market, By Shellfish, 2016-2028 (US$ Bn)

7.2.5. Global Fish Farming Market, By Tuna, 2016-2028 (US$ Bn)

7.2.6. Global Fish Farming Market, By Tilapia, 2016-2028 (US$ Bn)

7.2.7. Global Fish Farming Market, By Milkfish, 2016-2028 (US$ Bn)

7.2.8. Global Fish Farming Market, By Others, 2016-2028 (US$ Bn)


Toc Continued 

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