Report Ocean has recently published the “Fish Farming Market “ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
According to the Food and Agriculture Organization (FAO), fish farming, also known as aqua farming, is defined as farming of aquatic organisms such as fin fishes, carps, mollusks, crustaceans, and aquatic plants. This farming procedure involves interventions in rearing process to enhance production, such as regular stocking, feeding, and protection from predators. Fish farming farming involves 580 species that are currently farmed all over the world, representing a wealth of genetic diversity both within and among species. Fish farming is practiced by some farmers in developing countries and by multinational companies that can hold ownership of the stock being cultivated.
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Eating fish is part of cultural traditions of many people and in terms of health benefits, it has an excellent nutritional profile. It is a good source of protein, fatty acids, vitamins, minerals, and essential micronutrients. Developed countries are able to export their fish farming fish production to other developed nations and developing countries are able to expand their exports by supplying products in developed countries without facing prohibitive customs duties (although they may face market access issues related to non-tariff measures). For some specific products, such as canned tuna, tariff rate quotas are applied, whereby a certain quantity per year can be imported at a reduced tariff. Widespread reduction of import tariffs has been a major driver for the expansion in international trade over the past 25 years.
Regional trade agreements are reciprocal trade agreements establishing preferential terms of trade among two or more trading partners in the same region. They have been important drivers of global trade expansion in the past several decades and apply to a large proportion of global trade, also for fish and fish products.
The global food supply security issue, owing to increase in global population and rise in protein demand fuels growth of the market. In addition, zooplankton, being a major source of proteins, acts as another factor that propels the market growth. New technological advancements in rearing of fish and cultivation of sea plants also supplement the market growth. External drivers of change, both physical and social, affect production and consumption of food in Pacific Island countries. Among physical drivers, climate change has been recognized as a key concern and is expected to aggravate predicted shortfalls in coastal fisheries production, which, in turn, drives fish farming production. Evolution of inland fish farming provides numerous opportunities for the market expansion. In addition, new advancements in technologies for rearing of fish and cultivation of sea plants also drive growth of the market.
The global fish farming market is segmented into environment, fish type, and region. The environment segment includes marine water, fresh water, and brackish water. On the basis of fish type, the market is divided into pompano, snappers, groupers, salmon, milkfish, tuna, tilapia, catfish, sea bass, and others. Region wise, it is analyzed across North America (the U.S., Mexico, and Canada), Europe (Russia, Norway, Iceland, and rest of Europe), Asia-Pacific (China, the Philippines, Japan, Indonesia, Vietnam, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
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Recent advancements in the market include fish farming contract for Norwegian offshore company, Farstad Shipping, for its Anchor Handling Tug Supply (AHTS) vessels. The contract was awarded by Ocean Farming AS, a subsidiary of SalMar Group, for complete mooring installation and hook up of Ocean Farming’s semi-submersible offshore fish farm. Rise in alliances among industry players is expected to boost the market growth.
Key players profiled in this report include Cermaq Group AS (Mitsubishi Corporation), Cooke Fish farming Inc., Grupo Farallon Fish farming, Leroy Sea Food Group, Marine Harvest ASA, P/F Bakkafrost, Selonda Fish farming S.A., Stolt Sea Farm, Tassal Group Limited, and Thai Union Group Public Company Limited,Blue Ridge Fish farming, Eastern Fish Co., Huon Fish farming Group Pty Ltd., ASMAK – International Fish Farming Holding Company, RoyMarine Harvest ASA, Nireus Fish farming S.A., Promarisco, and Stehr Group Pty Ltd.
KEY BENEFITS FOR STAKEHOLDERS
– The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2019-2027 identify the prevailing fish farming opportunities.
– Porter’s five forces analysis highlights the potency of buyers and supplier’s tenable stakeholder’s make profit-oriented business decisions and strengthen their supplier-buyer network.
– In-depth analysis of the size and segmentation assists to determine the prevailing market opportunities.
– The major countries in each region are mapped according their revenue contribution the industry.
– The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the fish farming industry.
KEY MARKET SEGMENTATION
– Environment
o Marine Water
o Fresh Water
o Brackish Water
– Fish Type
o Pompano
o Snappers
o Groupers
o Salmon
o Milkfish
o Tuna
o Tilapia
o Catfish
o Sea bass
o Others
– By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? Russia
? Norway
? Iceland
? Rest of Europe
o Asia-Pacific
? China
? Philippines
? Japan
? Indonesia
? Vietnam
? Australia
? Rest of Asia-Pacific
o LAMEA
? Latin America
? Middle East
? Africa
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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Product Development and Innovation Teams:
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Key Questions Market Research and Analysis Report
- What is the current market size, both in terms of value and volume?
- What is the historical growth rate of the market, and what are the projected growth rates for the future?
- Who are the major players in the market, and what is their market share?
- What are the market trends and dynamics influencing the industry?
- What are the key drivers of market growth?
- What are the challenges and barriers faced by market participants?
- What are the emerging opportunities in the market?
- What is the competitive landscape of the market?
- What are the consumer preferences, behaviors, and buying patterns within the market?
- What is the market segmentation, and how are different market segments performing?
- What are the pricing trends and strategies in the market?
- What are the distribution channels and their effectiveness in reaching the target audience?
- What are the regulatory and legal factors impacting the market?
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