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Global Fish Farming Market Research Report: Forecast (2024-2030)

Global Fish Farming Market Report - By Method Type (Extensive Fish Farming, Intensive Fish Farming), By Fish Type (Catfish, Tilapia, Sardines, Salmon, Trout, Tuna, Others (Sea Bass......, Eel, etc.)), By Environment (Brackish Water, Freshwater, Marine Water), and Others Read more

Environment
Jun 2024
Pages 178
Report Format: PDF, Excel, PPT

Market Definition

Fish farming is referred to as the process of raising different species of fish in confined areas like tanks, ponds, etc., for commercial purposes.

Market Insights & Analysis: Global Fish Farming Market (2024-30):

The Global Fish Farming Market size is valued at USD 320 billion in 2023 and is expected to reach USD 552 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.59% during the forecast period, i.e., 2024-30. The rising consumption of fish, increasing launches of seafood-specialized restaurants, extensive utilization of fish in the pharmaceutical & cosmetic industry, and growing trade volumes of the wide variety of marine creatures are positively influencing the market growth.

In recent years, there has been growing awareness regarding the health benefits associated with fish since they are a major source of omega fatty acids & proteins, which help in improving heart & brain health. Based on the National Institutes of Health (NIH) statistics, more than 90% of individuals are aware of the positive health benefits. Along with this, as per research conducted by academic institutions, it is scientifically proven that fish helps to enhance consumers' body vitals. Therefore, consumers are increasingly including fish in their daily diet to maintain their health and adequate protein levels in the body. According to the Sustainable Fisheries Organization, more than 3.1 billion depend upon fish to fulfill their protein requirement. Thus, with the increasing health consciousness & inclination towards a protein-rich diet, the demand for the fishes is also witnessing a rise, enlarging the Global Fish Farming Market size.

Report Coverage	Details
Study Period	Historical Data: 2019-22
	Base Year: 2023
	Forecast Period: 2024-30
CAGR (2024-2030)	6.59%
Regions Covered	North America: The US, Canada, Mexico
	South America: Brazil, Argentina, Rest of South America
	Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
	Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia-Pacific
	Middle East & Africa: The UAE, Saudi Arabia, South Africa, Egypt, Rest of Middle East & Africa
Key Companies Profiled	Bakkafrost, SalMar ASA, Thai Union Group PCL, Cermaq Group AS, Cooke Aquaculture, Leroy Seafood Group ASA, Mowi ASA, Maruha Nichiro Corporation, Tassal Group Limited, Nireus, Stolt Sea Farm, Huon Aqua, Stehr Group, BlueNalu, SalmonChile, AJD Tuna Limited, and Others.
Market Value (2023)	USD 320 Billion
Market Value (2030)	USD 552 Billion

Additionally, several coastal regions across the globe are dependent upon the fish as their livelihood solely depends on it. However, the overfishing in these regions has caused the depletion of the natural stock of fish. In accordance with recent reports, Bangladesh and Cambodia are among the nations witnessing a drastic decline in natural marine life creatures. Thus, to boost the production of the fishes in these nations, the fishmongers are increasingly encouraging the set-up of fish farms to breed fish via artificial means, consequently uplifting the Global Fish Farming Market.

Moreover, the traditional dishes in regions like Asia-Pacific and the Middle East & Africa are based on fish and other marine animals. Therefore, the inhabitants of these regions consume more seafood. According to a study by the Indian Council of Agricultural Research (ICAR), it is found that consumption of seafood has increased by 32% across the country. Thus, to cater to the demand of the consumers relying on seafood, several restaurant groups are establishing specialized cafes & eateries. For instance, in 2024, The China Gate Group launched a Pan-Asian and Seafood restaurant in Mumbai. These eating outlets would continue to generate the demand for the fishes, necessitating fish farming in the forecast years.

Market Segmentation
Introduction
1. Market Definition
2. Research Process
3. Assumptions
Executive Summary
Global Fish Farming Market Trends & Developments
Global Fish Farming Market Dynamics
1. Growth Drivers
2. Challenges
Global Fish Farming Market Hotspots & Opportunities
Global Fish Farming Market Policies & Regulations
Global Fish Farming Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Method Type
    1. Extensive Fish Farming- Market Size & Forecast 2019-2030F, (USD Million)
    2. Intensive Fish Farming- Market Size & Forecast 2019-2030F, (USD Million)
  2. By Fish Type
    1. Catfish- Market Size & Forecast 2019-2030F, (USD Million)
    2. Tilapia- Market Size & Forecast 2019-2030F, (USD Million)
    3. Sardines- Market Size & Forecast 2019-2030F, (USD Million)
    4. Salmon- Market Size & Forecast 2019-2030F, (USD Million)
    5. Trout- Market Size & Forecast 2019-2030F, (USD Million)
    6. Tuna- Market Size & Forecast 2019-2030F, (USD Million)
    7. Others (Sea Bass, Eel, etc.)- Market Size & Forecast 2019-2030F, (USD Million)
  3. By Environment
    1. Brackish Water- Market Size & Forecast 2019-2030F, (USD Million)
    2. Freshwater- Market Size & Forecast 2019-2030F, (USD Million)
    3. Marine Water- Market Size & Forecast 2019-2030F, (USD Million)
  4. By Region
    1. North America
    2. South America
    3. Europe
    4. Middle East & Africa
    5. Asia-Pacific
  5. By Company
    1. Market Share of Top Companies
    2. Competition Characteristics
North America Fish Farming Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
  2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
  3. By Environment- Market Size & Forecast 2019-2030F, (USD Million)
  4. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Fish Farming Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
    2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
4. Canada Fish Farming Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
    2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
5. Mexico Fish Farming Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
    2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
South America Fish Farming Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
  2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
  3. By Environment- Market Size & Forecast 2019-2030F, (USD Million)
  4. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Fish Farming Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
    2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
4. Argentina Fish Farming Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
    2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
Europe Fish Farming Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
  2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
  3. By Environment- Market Size & Forecast 2019-2030F, (USD Million)
  4. By Country
    1. Germany
    2. The UK
    3. France
    4. Italy
    5. Spain
    6. Rest of Europe
3. Germany Fish Farming Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
    2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
4. The UK Fish Farming Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
    2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
5. France Fish Farming Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
    2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
6. Italy Fish Farming Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
    2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
7. Spain Fish Farming Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
    2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
The Middle East & Africa Fish Farming Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
  2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
  3. By Environment- Market Size & Forecast 2019-2030F, (USD Million)
  4. By Country
    1. The UAE
    2. Saudi Arabia
    3. Oman
    4. South Africa
    5. Rest of the Middle East & Africa
3. The UAE Fish Farming Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
    2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
4. Saudi Arabia Fish Farming Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
    2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
5. Oman Fish Farming Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
    2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
6. South Africa Fish Farming Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
    2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
Asia-Pacific Fish Farming Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
  2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
  3. By Environment- Market Size & Forecast 2019-2030F, (USD Million)
  4. By Country
    1. China
    2. Japan
    3. India
    4. South Korea
    5. Australia
    6. Rest of Asia-Pacific
3. China Fish Farming Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
    2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
4. Japan Fish Farming Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
    2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
5. India Fish Farming Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
    2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
6. South Korea Fish Farming Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
    2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
7. Australia Fish Farming Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Method Type- Market Size & Forecast 2019-2030F, (USD Million)
    2. By Fish Type- Market Size & Forecast 2019-2030F, (USD Million)
Global Fish Farming Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Company Profiles
  1. Bakkafrost
    1. Business Description
    2. Technology Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. SalMar ASA
    1. Business Description
    2. Technology Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Thai Union Group PCL
    1. Business Description
    2. Technology Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Cermaq Group AS
    1. Business Description
    2. Technology Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Cooke Aquaculture
    1. Business Description
    2. Technology Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Leroy Seafood Group ASA
    1. Business Description
    2. Technology Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Mowi ASA
    1. Business Description
    2. Technology Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Maruha Nichiro Corporation
    1. Business Description
    2. Technology Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Tassal Group Limited
    1. Business Description
    2. Technology Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Nireus
    1. Business Description
    2. Technology Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Stolt Sea Farm
    1. Business Description
    2. Technology Portfolio
    3. Strategic Alliances or Partnershipss
    4. Recent Developments
    5. Financial Details
    6. Others
  12. Huon Aqua
    1. Business Description
    2. Technology Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  13. Stehr Group
    1. Business Description
    2. Technology Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  14. BlueNalu
    1. Business Description
    2. Technology Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  15. SalmonChile
    1. Business Description
    2. Technology Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  16. AJD Tuna Limited
    1. Business Description
    2. Technology Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  17. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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