Fish Farming Market - Forecast(2024 - 2030)

Report Code: FBR 77064 Report Format: PDF + Excel

Fish Farming Market Overview

The Fish Farming market size was estimated at $305.43 billion in 2021, growing at a CAGR of 5.1% during the forecast period 2022-2027. Fish farming is a type of aquaculture in which fish is produced in a controlled environment to be sold as food. Aquaculture, often known as pisciculture, is the practice of growing, breeding, and rearing fish species. Fish farming is the process of commercially raising fish in tanks, ponds, or other enclosures. It is a crucial part of the food-producing process. Overfishing has been addressed through fish aquaculture. Many people's cultural traditions include fish. Protein, fatty acids, Omega-3 fatty acids, vitamins, minerals, and critical micronutrients are all abundant in them. Fish farming takes place in three different conditions, depending on the fish's habitat: freshwater, marine water, and brackish water. There are various types of fishes available such as Shellfish, Catfish, Pangasius, and others. The increasing demand for fish farming owing to its profitable business across the globe is one of the major factors driving the growth of the market. Increasing awareness about the health benefits of the consumption of fish is set to further enhance the overall market development of the Fish Farming Market for the period 2022-2027.

Report Coverage

The report: “Fish Farming Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Fish Farming Market.
By Environment: Freshwater, Marine Water, and Brackish Water
By Type: Salmon, Shellfish, Tuna, Fin Fish, Milkfish, Tilapia, and others. 
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa)

Key Takeaways:

  • Asia-Pacific dominated the Fish Farming Market in 2021 owing to the increasing consumption of fish among the people in this region. The Fish Farming Market scope for different regions will be provided in the final report.
  • Technological advancement in fish farming is set to aid the market growth of the Fish Farming Market report. Rising water pollution is poised to create hurdles for the Fish Farming Market.
  • Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Fish Farming Market report.
    Fish Farming Market Revenue Share, By Geography, 2021(%)

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Fish Farming Market Segment Analysis – By Type

Based on the type market for Fish Farming is categorized into Salmon, Shellfish, Tuna, Fin Fish, Milkfish, Tilapia, and others. The finfish segment in the Fish Farming market held the largest share. Finfish are an excellent source of antioxidants and help to prevent cancer. Finfish offers health benefits as they contain high levels of omega-3 fatty acids may assist to lower levels of omega-6 fatty acids and LDL cholesterol that can build up inside the heart's arteries and this is increasing the Fish Farming market. However, Salmon is estimated to register a higher CAGR of 5.8% during the forecast period 2022-2027 owing to the rising demand for salmon fish due to its nutritional benefits such as high-quality protein, vitamins, and minerals.
Fish Farming Market Segment Analysis – By Environment
Based on the environment market, Fish Farming is categorized as Freshwater, Marine Water, and Brackish Water. The freshwater segment in the Fish Farming market held the largest share in 2021, owing to the less reuse of water systems driving the demand for this system. Freshwater aquaculture is the practice of using ponds, reservoirs, lakes, rivers, and other inland waterways to raise and breed aquatic creatures for commercial purposes. Governments around the world are pushing cage and freshwater fish farming to meet rising food demand which is increasing the Fish Farming market. Freshwater aquaculture is also estimated to register the highest CAGR of 5.5% during the forecast period 2022-2027. 

Fish Farming Market Segment Analysis – By Geography

Asia-Pacific dominated the Fish Farming market with a major share of 46% in 2021. This is attributed to the increasing demand for fish farming owing to its profitable business in this region. The aquaculture sector in the Asia Pacific remains robust and strong, according to the Asia Pacific Food and Agriculture Organization. Also, Asia will produce 89% of the world's aquaculture by 2030. China will continue to be the world's top aquaculture producer. Furthermore, growing awareness about the benefits of Fish as it is a good source of protein is contributing to the growth of the market in this region. 
However, North America is estimated to grow at a higher CAGR during the forecast period 2022-2027 owing to the rising preference for protein-rich food products in this region. Also, fish farmers have benefited from the introduction of efficient fish farming technology, such as intensive closed systems, which have helped them boost their profitability in this region and is also increasing the growth of the market in this region. 

Fish Farming Market Drivers

Increasing Consumption of Fish, as a result of The Increasing Prevalence Alzheimer's Disease.

Increasing consumption of fish owing to the rising number of Alzheimer's disease among people across the globe is increasing the growth of the Fish Farming Market. Fish has a variety of health benefits, including reduced depression, improved vision, lower cholesterol, and more. According to, Journal of the American Medical Association, Moderate consumption of seafood such as fish has been related to a lower risk of Alzheimer's disease. Moreover, 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. Additionally, an increase in awareness about a healthy lifestyle is also predicted to increase the growth of the Fish Farming market during the forecast period 2022-2027. 

Growing Awareness About Health Benefits of Fish Among the People Across the Globe.

Increasing awareness about the health benefits of fish among people across the globe increases the growth of the Fish Farming market. Moreover, Fish is a low-fat, high-quality protein. Omega-3 fatty acids, as well as vitamins D and B2, are abundant in fish (riboflavin). Fish is a good source of calcium and phosphorus, as well as minerals like iron, zinc, iodine, magnesium, and potassium as it helps to cure cancer. The American Cancer Society and the American Heart Association (AHA) recommended eating fish at least twice a week. Moreover, In 2020, the International Agency for Research on Cancer (IARC) estimates that 19.29 million new cancer cases will be diagnosed and 9.95 million people will die from cancer. Growing preference for omega 3 as a health supplement increases the growth of the Fish Farming Market during the forecast period 2022-2027.

Fish Farming Market Challenges

Rising Water Pollution Across the Globe and Increasing Preference of the People Towards Veganism.

The major factor that is set to impede the growth of the Fish Farming market is the rising water pollution across the globe. In fish farming, water quality is critical since inadequate water can affect the health and growth of the fish. Water pH, Alkalinity, hardness, salinity is very important in fish farming. Another factor that hampers the growth of the market is the changing preference of the people towards veganism. Veganism is the practice of avoiding the consumption of animal products, notably in the diet, as well as a philosophy that rejects the status of animals as commodities as it offers better health benefits.

Fish Farming Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Fish Farming Market. In 2021, the Fish Farming Market share is consolidated by the top ten players present in the market. The Fish Farming Market, top 10 companies include:
  1. Alpha Group
  2. Cooke Aquaculture Inc.
  3. Lerøy Seafood Group
  4. Mowi ASA
  5. Thai Union Group PCL
  6. Tassal Group.
  7. Nippon Suisan Kaisha Ltd
  8. Marine Harvest Group
  9. Fish farming Technologies Asia Limited,
  10. Cermaq Group AS

Development: 

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.

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Aquafeed Market - Forecast(2021 - 2026)
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Urban Farming Market - Forecast(2021 - 2026)
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1. Fish Farming Market - Overview
    1.1 Definitions and Scope
2. Fish Farming Market - Executive Summary
    2.1 Market Revenue and Key Trends
    2.2 Key trends by Environment
    2.3 Key trends by Type
    2.4 Key trends by Geography
3. Fish Farming Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis- Average Selling Price
4. Fish Farming Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Fish Farming Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Fish Farming Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Fish Farming Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Fish Farming Market – By Environment (Market Size –$Million/$Billion)
    8.1 Freshwater
    8.2 Marine Water
    8.3 Brackish Water
9. Fish Farming Market – By Type (Market Size –$Million/$Billion)
    9.1 Salmon
    9.2 Shellfish
    9.3 Fin Fish
    9.4 Milkfish
    9.5 Tilapia
    9.6 Others
10. Fish Farming Market - By Geography(Market Size –$Million/$Billion)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Mexico
        10.1.3 Canada
    10.2 Europe
        10.2.1 U.K.
        10.2.2 France
        10.2.3 Germany
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Russia
        10.2.7 Rest of Europe
    10.3 Asia Pacific
        10.3.1 China
        10.3.2 India
        10.3.3 Japan
        10.3.4 South Korea
        10.3.5 Australia & New Zealand
        10.3.6 Rest of APAC
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Others
    10.5 Rest of the World
        10.5.1 Middle East
        10.5.2 Africa
11. Fish Farming Market - Entropy
12. Fish Farming Market – Industry/Segment Competition Landscape Premium
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key companies
        12.1.3 Market Share by Countries – Key Companies
        12.1.4 Competition Matrix
        12.1.5 Best Practices for Companies
13. Fish Farming Market – Key Company List by Country Premium Premium
14. Fish Farming Market Company Analysis (Company Revenue, Product, M&A, Developments)
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”. 

LIST OF TABLES

1.Global FISH FARMING MARKET, BY ENVIRONMENT Market 2023-2030 ($M)
1.1 Marine water Market 2023-2030 ($M) - Global Industry Research
1.2 Freshwater Market 2023-2030 ($M) - Global Industry Research
1.3 Brackish water Market 2023-2030 ($M) - Global Industry Research
2.Global FISH FARMING MARKET, BY FISH TYPE Market 2023-2030 ($M)
2.1 TROPICAL FIN FISH Market 2023-2030 ($M) - Global Industry Research
3.Global FISH FARMING MARKET, BY ENVIRONMENT Market 2023-2030 (Volume/Units)
3.1 Marine water Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Freshwater Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Brackish water Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global FISH FARMING MARKET, BY FISH TYPE Market 2023-2030 (Volume/Units)
4.1 TROPICAL FIN FISH Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America FISH FARMING MARKET, BY ENVIRONMENT Market 2023-2030 ($M)
5.1 Marine water Market 2023-2030 ($M) - Regional Industry Research
5.2 Freshwater Market 2023-2030 ($M) - Regional Industry Research
5.3 Brackish water Market 2023-2030 ($M) - Regional Industry Research
6.North America FISH FARMING MARKET, BY FISH TYPE Market 2023-2030 ($M)
6.1 TROPICAL FIN FISH Market 2023-2030 ($M) - Regional Industry Research
7.South America FISH FARMING MARKET, BY ENVIRONMENT Market 2023-2030 ($M)
7.1 Marine water Market 2023-2030 ($M) - Regional Industry Research
7.2 Freshwater Market 2023-2030 ($M) - Regional Industry Research
7.3 Brackish water Market 2023-2030 ($M) - Regional Industry Research
8.South America FISH FARMING MARKET, BY FISH TYPE Market 2023-2030 ($M)
8.1 TROPICAL FIN FISH Market 2023-2030 ($M) - Regional Industry Research
9.Europe FISH FARMING MARKET, BY ENVIRONMENT Market 2023-2030 ($M)
9.1 Marine water Market 2023-2030 ($M) - Regional Industry Research
9.2 Freshwater Market 2023-2030 ($M) - Regional Industry Research
9.3 Brackish water Market 2023-2030 ($M) - Regional Industry Research
10.Europe FISH FARMING MARKET, BY FISH TYPE Market 2023-2030 ($M)
10.1 TROPICAL FIN FISH Market 2023-2030 ($M) - Regional Industry Research
11.APAC FISH FARMING MARKET, BY ENVIRONMENT Market 2023-2030 ($M)
11.1 Marine water Market 2023-2030 ($M) - Regional Industry Research
11.2 Freshwater Market 2023-2030 ($M) - Regional Industry Research
11.3 Brackish water Market 2023-2030 ($M) - Regional Industry Research
12.APAC FISH FARMING MARKET, BY FISH TYPE Market 2023-2030 ($M)
12.1 TROPICAL FIN FISH Market 2023-2030 ($M) - Regional Industry Research
13.MENA FISH FARMING MARKET, BY ENVIRONMENT Market 2023-2030 ($M)
13.1 Marine water Market 2023-2030 ($M) - Regional Industry Research
13.2 Freshwater Market 2023-2030 ($M) - Regional Industry Research
13.3 Brackish water Market 2023-2030 ($M) - Regional Industry Research
14.MENA FISH FARMING MARKET, BY FISH TYPE Market 2023-2030 ($M)
14.1 TROPICAL FIN FISH Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Fish Farming Market Revenue, 2023-2030 ($M)
2.Canada Fish Farming Market Revenue, 2023-2030 ($M)
3.Mexico Fish Farming Market Revenue, 2023-2030 ($M)
4.Brazil Fish Farming Market Revenue, 2023-2030 ($M)
5.Argentina Fish Farming Market Revenue, 2023-2030 ($M)
6.Peru Fish Farming Market Revenue, 2023-2030 ($M)
7.Colombia Fish Farming Market Revenue, 2023-2030 ($M)
8.Chile Fish Farming Market Revenue, 2023-2030 ($M)
9.Rest of South America Fish Farming Market Revenue, 2023-2030 ($M)
10.UK Fish Farming Market Revenue, 2023-2030 ($M)
11.Germany Fish Farming Market Revenue, 2023-2030 ($M)
12.France Fish Farming Market Revenue, 2023-2030 ($M)
13.Italy Fish Farming Market Revenue, 2023-2030 ($M)
14.Spain Fish Farming Market Revenue, 2023-2030 ($M)
15.Rest of Europe Fish Farming Market Revenue, 2023-2030 ($M)
16.China Fish Farming Market Revenue, 2023-2030 ($M)
17.India Fish Farming Market Revenue, 2023-2030 ($M)
18.Japan Fish Farming Market Revenue, 2023-2030 ($M)
19.South Korea Fish Farming Market Revenue, 2023-2030 ($M)
20.South Africa Fish Farming Market Revenue, 2023-2030 ($M)
21.North America Fish Farming By Application
22.South America Fish Farming By Application
23.Europe Fish Farming By Application
24.APAC Fish Farming By Application
25.MENA Fish Farming By Application
26.Alpha Group Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Fish Farming Technologies Asia Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Cermaq Group AS, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Cooke Fish Farming, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Leroy Seafood Group ASA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Marine Harvest ASA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Nippon Suisan Kaisha, Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.P/F Bakkafrost, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Tassal Group Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Thai Union Group PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)