The Global Fish Farming Market report provides a detailed analysis of the market's current state, key players, emerging trends, and future growth prospects. The report is divided into several sections, each focusing on different aspects of the market, such as market size, geographical shares, competitive landscape, and market dynamics.
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Global Fish Farming Market Key Points and Findings (2024-2030)
Fish Farming Market Overview: -
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.
Regional Analysis:
- North America
- Europe
- Asia Pacific
- Middle East/Africa
- South America
Among them, the Asia-Pacific experienced considerable growth in the Global Fish Farming Market.
Competitors Analysis: Top 10 Fish Farming Companies
- 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
- Strategic Alliances or Partnershipss
- Huon Aqua
- Stehr Group
- BlueNalu
- SalmonChile
- AJD Tuna Limited
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Market Segmentation:
By Method Type
- Extensive Fish Farming- Market Size & Forecast 2019-2030F, (USD Million)
- Intensive Fish Farming- Market Size & Forecast 2019-2030F, (USD Million)
By Fish Type
- Catfish- Market Size & Forecast 2019-2030F, (USD Million)
- Tilapia- Market Size & Forecast 2019-2030F, (USD Million)
- Sardines- Market Size & Forecast 2019-2030F, (USD Million)
- Salmon- Market Size & Forecast 2019-2030F, (USD Million)
- Trout- Market Size & Forecast 2019-2030F, (USD Million)
- Tuna- Market Size & Forecast 2019-2030F, (USD Million)
- Others (Sea Bass, Eel, etc.)- Market Size & Forecast 2019-2030F, (USD Million)
By Environment
- Brackish Water- Market Size & Forecast 2019-2030F, (USD Million)
- Freshwater- Market Size & Forecast 2019-2030F, (USD Million)
- Marine Water- Market Size & Forecast 2019-2030F, (USD Million)
Fish Farming Market Dynamics:
Key Factor Driving Market–
Increasing Usage of Fishes in Cosmetic & Pharmaceutical Applications – In recent years, the pharmaceutical & cosmetic industries have recognized the importance of fishes to develop several medicines & beauty products. Based on several researches, it is found and validated that the fishes provide essential nutrients when combined with other ingredients of medicinal drugs & cosmetic products like lotions & beauty creams. Therefore, the top companies are necessarily utilizing the fish, its oil, and skin to develop their products. This is amplifying the demand for a wide range of fish and thus highlighting the importance of fish farming across the globe.
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Frequently Asking Questions (FAQ’s):
- Which companies lead the Fish Farming Market?
- How will current trends shape the market in the coming years?
- What opportunities, challenges, and driving forces characterize the Fish Farming Industry?
- Which specific Fish Farming market segments should industry competitor target to capitalize on recent technological advancements?
- What is the projected growth rate of the global Fish Farming market?
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