PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1273580
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1273580
Fish Farming Market Forecasts to 2028 - Global Analysis By Fish Type (Tuna, Sea Bass and Other Types), Environment (Fresh Water, Marine Water and Brackish Water) and By Geography
According to Stratistics MRC, the Global Fish Farming Market is accounted for $288.79 billion in 2022 and is expected to reach $443.22 billion by 2028 growing at a CAGR of 7.4% during the forecast period. Aquaculture, or "fish farming," is the practise of raising fish in enclosures for human use. It is the area of animal food production that is growing the quickest. The production of aquatic animals such fin fish, carp, mollusks, crabs, and aquatic plants are known as aquaculture, also referred to as aqua farming. In order to boost output, this type of farming includes interfering with the animal-production process. Frequent stocking, feeding, and predator protection are some of these measures. The purpose of building these farming structures is to lessen the possibility of a variety of external impacts, such as contaminants and predators, while creating a habitat that is prosperous for the fish.
According to, the world's population surpassing 7.8 billion, the problem of food security is becoming increasingly urgent. According to, World Health Organisation (WHO), Alzheimer's disease and Dementia affect over 55 million individuals worldwide, with over 60% of them residing in low- and middle-income nations.
Market Dynamics:
Driver:
The developing food & beverage industry and increased fish production
The development of the global food and beverage industry over the past few years has been largely attributed to innovations in the food system, better logistics, improving affordability, growing international trade, and rising consumer spending. The food and beverage industry has also been steadily growing in response to customer expectations. The demand for packaged and convenience foods has increased as a result of consumer preference for ready-to-eat and inexpensive foods. Additionally, it is projected that the recent growth in the food processing industry will boost consumer demand for fast food, which will benefit the world market for meat and fish. As a result, these elements help to broaden the global market.
Restraint:
Rising temperature and water pollution
The natural equilibrium of the world's water bodies is disturbed by the 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 areas suffers from increased global warming because temperatures there may be higher than what is suitable for cultured species. Several fish species' reproductive cycles are impacted by these factors. It is projected that these unfavourable circumstances will impede the growth of the fish farming industry. The market for fish farming is further constrained by rising levels of water contamination, which increases the danger of fish illness.
Opportunity:
Growth in inland fishing and other sustainable technology in aquaculture
Recirculating aquaculture systems (RAS) and Aquaponics (the cultivation of plants and animals) are two examples of new technologies that increase production while reducing water pollution. This is more advantageous if they are built to prevent water loss through evaporation and powered by renewable energy. A further opportunity for the aquaculture industry is the incorporation of multi-trophic polyculture technology to decrease organic waste in water and increase fish productivity. Only a small percentage of aquaculture species have been involved in genetic engineering initiatives. However, biotechnology and genetics have a huge potential to increase productivity and enhance ecological sustainability. Fish raised with biotechnology are wholesome, quickly growing, and environmentally friendly.
Threat:
Increasing adoption of vegan diets
A significant barrier to the worldwide fish farming market is the rising popularity of vegan diets and stringent legislation outlawing animal cruelty. The future growth trajectory of this industry may be hampered by growing water pollution and temperatures. The growth of the fish farming sector is hampered by rising water contamination and shifting weather patterns. Additionally, the production of fish in aquaculture is vulnerable to the negative impacts of illnesses like the carp herpes virus, a virus that affects fish production. Recent disease outbreaks have hampered the market's expansion by causing a partial or complete loss of output for Atlantic salmon raised in Chile and numerous other South American, Asian, and African nations.
COVID-19 Impact:
The development of the global market has been significantly impacted by the new coronavirus outbreak. Due to broken supply chains and decreased food intake outside of the home during the COVID-19 pandemic, sales of aquatic items fell marginally. However, domestic fish consumption has increased, and the fish farming sector is expected to become more profitable in the years to come.
The salmon segment is expected to be the largest during the forecast period
The salmon segment is estimated to have a lucrative growth. Salmon is intensively farmed across a number of continents due to increased demand from the food and nutrition industries. Salmon are born in freshwater, migrate to the ocean, then mate and reproduce in freshwater. Salmon is prized for both its flavour and health benefits. Salmon is well-liked seafood among consumers since it is packed with vitamin B, vitamin D, potassium, and lean protein.
The freshwater segment is expected to have the highest CAGR during the forecast period
The freshwater segment is anticipated to witness the highest CAGR growth during the forecast period. Freshwater is found naturally in ice sheets, glaciers, icebergs, bogs, ponds, lakes, rivers, and streams as well as groundwater in aquifers and underground streams. The most prevalent fish species in freshwater habitats are salmon, trout, and tench. Around 95% of all freshwater fish breeding worldwide is done in Asia, where China is the undisputed leader.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to rapid population growth and a sizable fish-eating population. Beginning with intense closed systems, effective fish farming technologies have helped fish farmers increases their profitability, which has had a significant impact on this local market. This growth has primarily been fuelled by a considerable increase in fishing activity in Asian nations.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the increasing demand for dietary products high in protein in this area. Additionally, fish farmers have profited from the development of productive fish farming technologies, such as intensive closed systems, which has increased their profitability in this region and is also accelerating market expansion in this region.
Key players in the market:
Some of the key players profiled in the Fish Farming Market include Grupo Farallon Aquaculture, Tassal Group Limited, Selonda Aquaculture S.A., Cermaq Group AS, Thai Union Group Public Company Limited., Cooke Aquaculture Inc., Marine Harvest ASA, Leroy Sea Food Group, P/F Bakkafrost, Stolt Sea Farm, Fish Farming Technologies, Alpha Group Ltd and Nippon Suisan Kaisha Ltd.
Key Developments:
In September 2019, Cooke Inc. acquired Invergordon fish feed mills and established Northeast Nutrition Scotland Limited. This acquisition will increase salmon production. The mill was previously operated by Skretting but was closed in April of 2019. The new facility will afford Cooke more vertical integration and traceability of its fish feed.
Fish Types Covered:
- Tuna
- Sea Bass
- Pompano
- Salmon
- Snappers
- Catfish
- Groupers
- Sea Bream
- Tilapia
- Milkfish
- Other Types
Environments Covered:
- Fresh Water
- Marine Water
- Brackish Water
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Emerging Markets
- 3.7 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Fish Farming Market, By Fish Type
- 5.1 Introduction
- 5.2 Tuna
- 5.3 Sea Bass
- 5.4 Pompano
- 5.5 Salmon
- 5.6 Snappers
- 5.7 Catfish
- 5.8 Groupers
- 5.9 Sea Bream
- 5.10 Tilapia
- 5.11 Milkfish
- 5.12 Other Types
- 5.12.1 Trout
- 5.12.2 Mackerels
- 5.12.3 Carps
- 5.12.4 Sea Bream
6 Global Fish Farming Market, By Environment
- 6.1 Introduction
- 6.2 Fresh Water
- 6.3 Marine Water
- 6.4 Brackish Water
7 Global Fish Farming Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 Grupo Farallon Aquaculture
- 9.2 Tassal Group Limited
- 9.3 Selonda Aquaculture S.A.
- 9.4 Cermaq Group AS
- 9.5 Thai Union Group Public Company Limited.
- 9.6 Cooke Aquaculture Inc.
- 9.7 Marine Harvest ASA
- 9.8 Leroy Sea Food Group
- 9.9 P/F Bakkafrost
- 9.10 Stolt Sea Farm
- 9.11 Fish Farming Technologies
- 9.12 Alpha Group Ltd
- 9.13 Nippon Suisan Kaisha Ltd
List of Tables
- Table 1 Global Fish Farming Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Fish Farming Market Outlook, By Fish Type (2020-2028) ($MN)
- Table 3 Global Fish Farming Market Outlook, By Tuna (2020-2028) ($MN)
- Table 4 Global Fish Farming Market Outlook, By Sea Bass (2020-2028) ($MN)
- Table 5 Global Fish Farming Market Outlook, By Pompano (2020-2028) ($MN)
- Table 6 Global Fish Farming Market Outlook, By Salmon (2020-2028) ($MN)
- Table 7 Global Fish Farming Market Outlook, By Snappers (2020-2028) ($MN)
- Table 8 Global Fish Farming Market Outlook, By Catfish (2020-2028) ($MN)
- Table 9 Global Fish Farming Market Outlook, By Groupers (2020-2028) ($MN)
- Table 10 Global Fish Farming Market Outlook, By Sea Bream (2020-2028) ($MN)
- Table 11 Global Fish Farming Market Outlook, By Tilapia (2020-2028) ($MN)
- Table 12 Global Fish Farming Market Outlook, By Milkfish (2020-2028) ($MN)
- Table 13 Global Fish Farming Market Outlook, By Other Types (2020-2028) ($MN)
- Table 14 Global Fish Farming Market Outlook, By Trout (2020-2028) ($MN)
- Table 15 Global Fish Farming Market Outlook, By Mackerels (2020-2028) ($MN)
- Table 16 Global Fish Farming Market Outlook, By Carps (2020-2028) ($MN)
- Table 17 Global Fish Farming Market Outlook, By Sea Bream (2020-2028) ($MN)
- Table 18 Global Fish Farming Market Outlook, By Environment (2020-2028) ($MN)
- Table 19 Global Fish Farming Market Outlook, By Fresh Water (2020-2028) ($MN)
- Table 20 Global Fish Farming Market Outlook, By Marine Water (2020-2028) ($MN)
- Table 21 Global Fish Farming Market Outlook, By Brackish Water (2020-2028) ($MN)
- Table 22 North America Fish Farming Market Outlook, By Country (2020-2028) ($MN)
- Table 23 North America Fish Farming Market Outlook, By Fish Type (2020-2028) ($MN)
- Table 24 North America Fish Farming Market Outlook, By Tuna (2020-2028) ($MN)
- Table 25 North America Fish Farming Market Outlook, By Sea Bass (2020-2028) ($MN)
- Table 26 North America Fish Farming Market Outlook, By Pompano (2020-2028) ($MN)
- Table 27 North America Fish Farming Market Outlook, By Salmon (2020-2028) ($MN)
- Table 28 North America Fish Farming Market Outlook, By Snappers (2020-2028) ($MN)
- Table 29 North America Fish Farming Market Outlook, By Catfish (2020-2028) ($MN)
- Table 30 North America Fish Farming Market Outlook, By Groupers (2020-2028) ($MN)
- Table 31 North America Fish Farming Market Outlook, By Sea Bream (2020-2028) ($MN)
- Table 32 North America Fish Farming Market Outlook, By Tilapia (2020-2028) ($MN)
- Table 33 North America Fish Farming Market Outlook, By Milkfish (2020-2028) ($MN)
- Table 34 North America Fish Farming Market Outlook, By Other Types (2020-2028) ($MN)
- Table 35 North America Fish Farming Market Outlook, By Trout (2020-2028) ($MN)
- Table 36 North America Fish Farming Market Outlook, By Mackerels (2020-2028) ($MN)
- Table 37 North America Fish Farming Market Outlook, By Carps (2020-2028) ($MN)
- Table 38 North America Fish Farming Market Outlook, By Sea Bream (2020-2028) ($MN)
- Table 39 North America Fish Farming Market Outlook, By Environment (2020-2028) ($MN)
- Table 40 North America Fish Farming Market Outlook, By Fresh Water (2020-2028) ($MN)
- Table 41 North America Fish Farming Market Outlook, By Marine Water (2020-2028) ($MN)
- Table 42 North America Fish Farming Market Outlook, By Brackish Water (2020-2028) ($MN)
- Table 43 Europe Fish Farming Market Outlook, By Country (2020-2028) ($MN)
- Table 44 Europe Fish Farming Market Outlook, By Fish Type (2020-2028) ($MN)
- Table 45 Europe Fish Farming Market Outlook, By Tuna (2020-2028) ($MN)
- Table 46 Europe Fish Farming Market Outlook, By Sea Bass (2020-2028) ($MN)
- Table 47 Europe Fish Farming Market Outlook, By Pompano (2020-2028) ($MN)
- Table 48 Europe Fish Farming Market Outlook, By Salmon (2020-2028) ($MN)
- Table 49 Europe Fish Farming Market Outlook, By Snappers (2020-2028) ($MN)
- Table 50 Europe Fish Farming Market Outlook, By Catfish (2020-2028) ($MN)
- Table 51 Europe Fish Farming Market Outlook, By Groupers (2020-2028) ($MN)
- Table 52 Europe Fish Farming Market Outlook, By Sea Bream (2020-2028) ($MN)
- Table 53 Europe Fish Farming Market Outlook, By Tilapia (2020-2028) ($MN)
- Table 54 Europe Fish Farming Market Outlook, By Milkfish (2020-2028) ($MN)
- Table 55 Europe Fish Farming Market Outlook, By Other Types (2020-2028) ($MN)
- Table 56 Europe Fish Farming Market Outlook, By Trout (2020-2028) ($MN)
- Table 57 Europe Fish Farming Market Outlook, By Mackerels (2020-2028) ($MN)
- Table 58 Europe Fish Farming Market Outlook, By Carps (2020-2028) ($MN)
- Table 59 Europe Fish Farming Market Outlook, By Sea Bream (2020-2028) ($MN)
- Table 60 Europe Fish Farming Market Outlook, By Environment (2020-2028) ($MN)
- Table 61 Europe Fish Farming Market Outlook, By Fresh Water (2020-2028) ($MN)
- Table 62 Europe Fish Farming Market Outlook, By Marine Water (2020-2028) ($MN)
- Table 63 Europe Fish Farming Market Outlook, By Brackish Water (2020-2028) ($MN)
- Table 64 Asia Pacific Fish Farming Market Outlook, By Country (2020-2028) ($MN)
- Table 65 Asia Pacific Fish Farming Market Outlook, By Fish Type (2020-2028) ($MN)
- Table 66 Asia Pacific Fish Farming Market Outlook, By Tuna (2020-2028) ($MN)
- Table 67 Asia Pacific Fish Farming Market Outlook, By Sea Bass (2020-2028) ($MN)
- Table 68 Asia Pacific Fish Farming Market Outlook, By Pompano (2020-2028) ($MN)
- Table 69 Asia Pacific Fish Farming Market Outlook, By Salmon (2020-2028) ($MN)
- Table 70 Asia Pacific Fish Farming Market Outlook, By Snappers (2020-2028) ($MN)
- Table 71 Asia Pacific Fish Farming Market Outlook, By Catfish (2020-2028) ($MN)
- Table 72 Asia Pacific Fish Farming Market Outlook, By Groupers (2020-2028) ($MN)
- Table 73 Asia Pacific Fish Farming Market Outlook, By Sea Bream (2020-2028) ($MN)
- Table 74 Asia Pacific Fish Farming Market Outlook, By Tilapia (2020-2028) ($MN)
- Table 75 Asia Pacific Fish Farming Market Outlook, By Milkfish (2020-2028) ($MN)
- Table 76 Asia Pacific Fish Farming Market Outlook, By Other Types (2020-2028) ($MN)
- Table 77 Asia Pacific Fish Farming Market Outlook, By Trout (2020-2028) ($MN)
- Table 78 Asia Pacific Fish Farming Market Outlook, By Mackerels (2020-2028) ($MN)
- Table 79 Asia Pacific Fish Farming Market Outlook, By Carps (2020-2028) ($MN)
- Table 80 Asia Pacific Fish Farming Market Outlook, By Sea Bream (2020-2028) ($MN)
- Table 81 Asia Pacific Fish Farming Market Outlook, By Environment (2020-2028) ($MN)
- Table 82 Asia Pacific Fish Farming Market Outlook, By Fresh Water (2020-2028) ($MN)
- Table 83 Asia Pacific Fish Farming Market Outlook, By Marine Water (2020-2028) ($MN)
- Table 84 Asia Pacific Fish Farming Market Outlook, By Brackish Water (2020-2028) ($MN)
- Table 85 South America Fish Farming Market Outlook, By Country (2020-2028) ($MN)
- Table 86 South America Fish Farming Market Outlook, By Fish Type (2020-2028) ($MN)
- Table 87 South America Fish Farming Market Outlook, By Tuna (2020-2028) ($MN)
- Table 88 South America Fish Farming Market Outlook, By Sea Bass (2020-2028) ($MN)
- Table 89 South America Fish Farming Market Outlook, By Pompano (2020-2028) ($MN)
- Table 90 South America Fish Farming Market Outlook, By Salmon (2020-2028) ($MN)
- Table 91 South America Fish Farming Market Outlook, By Snappers (2020-2028) ($MN)
- Table 92 South America Fish Farming Market Outlook, By Catfish (2020-2028) ($MN)
- Table 93 South America Fish Farming Market Outlook, By Groupers (2020-2028) ($MN)
- Table 94 South America Fish Farming Market Outlook, By Sea Bream (2020-2028) ($MN)
- Table 95 South America Fish Farming Market Outlook, By Tilapia (2020-2028) ($MN)
- Table 96 South America Fish Farming Market Outlook, By Milkfish (2020-2028) ($MN)
- Table 97 South America Fish Farming Market Outlook, By Other Types (2020-2028) ($MN)
- Table 98 South America Fish Farming Market Outlook, By Trout (2020-2028) ($MN)
- Table 99 South America Fish Farming Market Outlook, By Mackerels (2020-2028) ($MN)
- Table 100 South America Fish Farming Market Outlook, By Carps (2020-2028) ($MN)
- Table 101 South America Fish Farming Market Outlook, By Sea Bream (2020-2028) ($MN)
- Table 102 South America Fish Farming Market Outlook, By Environment (2020-2028) ($MN)
- Table 103 South America Fish Farming Market Outlook, By Fresh Water (2020-2028) ($MN)
- Table 104 South America Fish Farming Market Outlook, By Marine Water (2020-2028) ($MN)
- Table 105 South America Fish Farming Market Outlook, By Brackish Water (2020-2028) ($MN)
- Table 106 Middle East & Africa Fish Farming Market Outlook, By Country (2020-2028) ($MN)
- Table 107 Middle East & Africa Fish Farming Market Outlook, By Fish Type (2020-2028) ($MN)
- Table 108 Middle East & Africa Fish Farming Market Outlook, By Tuna (2020-2028) ($MN)
- Table 109 Middle East & Africa Fish Farming Market Outlook, By Sea Bass (2020-2028) ($MN)
- Table 110 Middle East & Africa Fish Farming Market Outlook, By Pompano (2020-2028) ($MN)
- Table 111 Middle East & Africa Fish Farming Market Outlook, By Salmon (2020-2028) ($MN)
- Table 112 Middle East & Africa Fish Farming Market Outlook, By Snappers (2020-2028) ($MN)
- Table 113 Middle East & Africa Fish Farming Market Outlook, By Catfish (2020-2028) ($MN)
- Table 114 Middle East & Africa Fish Farming Market Outlook, By Groupers (2020-2028) ($MN)
- Table 115 Middle East & Africa Fish Farming Market Outlook, By Sea Bream (2020-2028) ($MN)
- Table 116 Middle East & Africa Fish Farming Market Outlook, By Tilapia (2020-2028) ($MN)
- Table 117 Middle East & Africa Fish Farming Market Outlook, By Milkfish (2020-2028) ($MN)
- Table 118 Middle East & Africa Fish Farming Market Outlook, By Other Types (2020-2028) ($MN)
- Table 119 Middle East & Africa Fish Farming Market Outlook, By Trout (2020-2028) ($MN)
- Table 120 Middle East & Africa Fish Farming Market Outlook, By Mackerels (2020-2028) ($MN)
- Table 121 Middle East & Africa Fish Farming Market Outlook, By Carps (2020-2028) ($MN)
- Table 122 Middle East & Africa Fish Farming Market Outlook, By Sea Bream (2020-2028) ($MN)
- Table 123 Middle East & Africa Fish Farming Market Outlook, By Environment (2020-2028) ($MN)
- Table 124 Middle East & Africa Fish Farming Market Outlook, By Fresh Water (2020-2028) ($MN)
- Table 125 Middle East & Africa Fish Farming Market Outlook, By Marine Water (2020-2028) ($MN)
- Table 126 Middle East & Africa Fish Farming Market Outlook, By Brackish Water (2020-2028) ($MN)
