The global fish farming market size was accounted for $257.97 billion in 2018 and is expected to reach $376.87 billion by 2026, registering a CAGR of 4.82 % from 2019 to 2026.
Increase in consumption of fishes as a cultural tradition, rise in awareness regarding health benefits of fish consumption, and surge in demand for fish oil across various industries are expected to boost the growth of the global fish farming market. However, water pollution and change in climatic conditions across the globe hampers the aquatic ecosystems, which is the biggest challenge for market growth. On the contrary, technological advancements to check the quality of fish feed and increasing awareness regarding the application of fishes for manufacturing of by-products such as fish albumin, glue, and pearl essence are expected to create lucrative opportunities in the near future.
Freshwater segment holds lion's share
The freshwater segment dominated the market in terms of revenue in 2017, contributing nearly two-thirds of the total market, owing to favorable policies to develop freshwater fish cultivation in various countries such as China and Bangladesh. However, the marine water segment is projected to manifest the fastest CAGR of 4.9% through 2026, owing to favorable environment for rearing fish coupled with smooth trade relations across several countries. The report also analyzes the segment of brackish water.
Fin fish segment to create lucrative opportunities
The fin fish segment is expected to manifest the fastest CAGR of 4.5% during the forecast period. Moreover, the segment held the largest share in 2017, contributing nearly two-thirds of the total market, owing to increased consumption of mollusks to extract luxury pearls across the globe.
Asia-Pacific to dominate the market by 2026
The market in Asia-Pacific region held a lion's share in 2017, contributing about two-thirds of the total market, owing to rise in domestic demand of seafood in the country and growing inclination of government and private sectors to prepare national fisheries development plan to increase fish farming. Moreover, the region is expected to manifest the fastest CAGR of 4.8% during the forecast period. The report also includes analysis of the market in the other regions such as North America, Europe, and LAMEA.
Key market players
The report includes analysis of the major companies in the market including Cooke Fish Farming Inc., Cermaq Group AS (Mitsubishi Corporation), Leroy Sea Food Group, Grupo Farallon Fish Farming, P/F Bakkafrost, Marine Harvest ASA, Nippon Suisan Kaisha, Ltd., Fish Farming Technologies Asia Limited, Tassal Group Limited, and Thai Union Group Public Company Limited.
Segmentation:
By Environment
Freshwater
Marine Water
Brackish Water
By Fish Type
Fin Fish
Pompano
Snappers
Groupers
Salmon
Milkfish
Tuna
Tilapia
Catfish
Seabass
Others (Carps, Mackerels, Sea Bream, and Trout)
Others
The report analyzes and forecasts the fish farming market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global fish farming market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the fish farming market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (in terms of volume and value) of fish farming market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
Report coverage
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
Section 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
Section 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective
Section 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pocket
3.3. Top winning strategies
3.4. Porter's five forces analysis
3.4.1. Bargaining power of suppliers
3.4.2. Bargaining power of buyers
3.4.3. Threat of substitution
3.4.4. Threat of new entrants
3.4.5. Intensity of competitive rivalry
3.5. TOP PLAYER POSITIONING
3.6. Market dynamics
3.6.1. Drivers
3.6.1.1. Rise in fish production to meet food supply:
3.6.1.2. Technological advancements in the field of Fish Farming:
3.6.1.3. Rise in global protein demand from livestock and fisheries:
3.6.2. Restraint
3.6.2.1. Rise in temperature and water pollution:
3.6.3. Opportunity
3.6.3.1. Evolution in inland fishing and use of more sustainable technology in Fish Farming:
3.7. Import and Export of Fish
3.7.1. Per capita consumption
3.8. Pricing Analysis by region
Section 4: FISH FARMING MARKET, BY ENVIRONMENT
4.1. Overview
4.1.1. Market size and forecast, by Environment
4.2. Marine water
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Freshwater
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
4.4. Brackish water
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country
Section 5: FISH FARMING MARKET, BY FISH TYPE
5.1. Overview
5.1.1. Market size and forecast, by fish type
5.2. TROPICAL FIN FISH
5.2.1. Key market trends, Growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market size and forecast, by tropical fin fish type
5.2.4. Market analysis by country
5.2.4.1. Pompano
5.2.4.1.1. Market size and forecast, by region
5.2.4.2. Snappers
5.2.4.2.1. Market size and forecast, by region
5.2.4.3. Groupers
5.2.4.3.1. Market size and forecast, by region
5.2.4.4. Salmon
5.2.4.4.1. Market size and forecast, by region
5.2.4.5. Milkfish
5.2.4.5.1. Market size and forecast, by region
5.2.4.6. Tuna
5.2.4.6.1. Market size and forecast, by region
5.2.4.7. Tilapia
5.2.4.7.1. Market size and forecast, by region
5.2.4.8. Catfish
5.2.4.8.1. Market size and forecast, by region
5.2.4.9. Sea Bass
5.2.4.9.1. Market size and forecast, by region
5.2.4.10. Others
5.2.4.10.1. Market size and forecast, by region
5.3. OTHERS
5.3.1. Key market trends, Growth factors and opportunities
5.3.2. Market size and forecast by region
5.3.3. Market analysis by country
Section 6: FISH FARMING MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast, by region
6.2. North America
6.2.1. Key market trends, growth factors, opportunities and PESTLE analysis
6.2.2. Market size and forecast, by Environment
6.2.3. Market size and forecast, by fish type
6.2.3.1. Market size and forecast, by tropical fish type
6.2.4. Market size and forecast, by country
6.2.5. U.S.
6.2.5.1. Market size and forecast, by Environment
6.2.5.2. Market size and forecast, by fish type
6.2.6. Canada
6.2.6.1. Market size and forecast, by Environment
6.2.6.2. Market size and forecast, by fish type
6.2.7. Mexico
6.2.7.1. Market size and forecast, by Environment
6.2.7.2. Market size and forecast, by fish type
6.3. Europe
6.3.1. Key market trends, growth factors, and opportunities and PESTLE analysis
6.3.2. Market size and forecast, by Environment
6.3.3. Market size and forecast, by fish type
6.3.4. Market size and forecast, by fish type
6.3.5. Market size and forecast, by country
6.3.6. Russia
6.3.6.1. Market size and forecast, by Environment
6.3.6.2. Market size and forecast, by fish type
6.3.7. Norway
6.3.7.1. Market size and forecast, by Environment
6.3.7.2. Market size and forecast, by fish type
6.3.8. Iceland
6.3.8.1. Market size and forecast, by Environment
6.3.8.2. Market size and forecast, by fish type
6.3.9. Rest of Europe
6.3.9.1. Market size and forecast, by Environment
6.3.9.2. Market size and forecast, by fish type
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors, opportunities, and PESTLE analysis
6.4.2. Market size and forecast, by Environment
6.4.3. Market size and forecast, by fish type
6.4.4. Market size and forecast, by fish type
6.4.5. Market size and forecast, by country
6.4.6. China
6.4.6.1. Market size and forecast, by Environment
6.4.6.2. Market size and forecast, by fish type
6.4.7. Philippines
6.4.7.1. Market size and forecast, by Environment
6.4.7.2. Market size and forecast, by fish type
6.4.8. Japan
6.4.8.1. Market size and forecast, by Environment
6.4.8.2. Market size and forecast, by fish type
6.4.9. Indonesia
6.4.9.1. Market size and forecast, by Environment
6.4.9.2. Market size and forecast, by fish type
6.4.10. Vietnam
6.4.10.1. Market size and forecast, by Environment
6.4.10.2. Market size and forecast, by fish type
6.4.11. Australia
6.4.11.1. Market size and forecast, by Environment
6.4.11.2. Market size and forecast, by fish type
6.4.12. Rest of Asia-Pacific
6.4.12.1. Market size and forecast, by Environment
6.4.12.2. Market size and forecast, by fish type
6.5. LAMEA
6.5.1. Key market trends, growth factors, opportunities, and PESTLE analysis
6.5.2. Market size and forecast, by Environment
6.5.3. Market size and forecast, by fish type
6.5.4. Market size and forecast, by fish type
6.5.5. Market size and forecast, by country
6.5.6. Latin America
6.5.6.1. Market size and forecast, by Environment
6.5.6.2. Market size and forecast, by fish type
6.5.7. Middle East
6.5.7.1. Market size and forecast, by ENVIRONMENT
6.5.7.2. Market size and forecast, by fish type
6.5.8. Africa
6.5.8.1. Market size and forecast, by Environment
6.5.8.2. Market size and forecast, by fish type
Section 7: COMPANY PROFILES
7.1. Alpha Group Ltd.
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Product portfolio
7.1.4. Key strategic moves and developments
7.2. Fish Farming Technologies Asia Limited
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Product portfolio
7.3. Cermaq Group AS (Mitsubishi Corporation)
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.4. Cooke Fish Farming
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Key strategic moves and developments
7.5. Leroy Seafood Group ASA (Leroy)
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.5.6. Key strategic moves and developments
7.6. Marine Harvest ASA (Marine)
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments
7.7. Nippon Suisan Kaisha, Ltd.
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.7.6. Key strategic moves and developments
7.8. P/F Bakkafrost (Bakkafrost)
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves and developments
7.9. Tassal Group Limited (Tassal)
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Product portfolio
7.9.4. Business performance
7.9.5. Key strategic moves and developments
7.10. Thai Union Group PLC (Thai Union)
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Business performance
7.10.6. Key strategic moves and developments
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers