Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Fish Farming Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Fish Farming Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Fish
Farming Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Fish Farming Market is offered. In accordance with the report, the global
Fish Farming Market is projected to
expand by healthy CAGR over the period
of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Fish
Farming is a sort of Aquaculture. The act of raising fishes economically in
tanks and other enclosed areas like fish ponds to serve fish as a consumable
food item is called fish farming or pisciculture. The problem of overfishing
can be well dealt by the adoption of fish farming. At present almost 580 fish
species are being reared in the process of fish farming around the globe. The
fish farming practice also aid in the protection of fishes from predators.
Market Drivers
The
soaring health consciousness among the consumers globally is driving the demand
for fish and fueling the fish farming market. Fishes are rich source of animal
protein and is affordable by the lower income population. The consumption of
fish provides numerous health benefits including lowering cholesterol and
depression, improving vision and lowering the risk of heart diseases.
Transition
in the consumption patterns coupled with the rising population and the need for
protein rich diet is positively affecting the growth of the fish farming
market. Rapid urbanization and increasing population is driving consumers for
fish consumption and in turn providing impetus to the fish farming market.
The favoring
policies of the governments of different nation and the supportive actions of
the regulatory bodies is bolstering the growth of this market. Fish farming in
fresh water and cage is being increasingly promoted by the governments of many
nations. The Bureau of Fisheries and Aquatic Resources (BFAR) made an
announcement for promoting cage method in fish farming with the objective of
enhancing fish production and fishermen’s income. These factors are positively
affecting this market.
The
application of technological advancement in fish farming is augmenting the
growth of the fish farming market. Deployment of robots, drones, sensors,
virtual reality (VR), augmented reality (AR), and AI has empowered the
development of this market. For example, MIT initiated a fish-robots that
copies the original behavior, motions and movements of fishes. This technology
helps in better understanding the natural environment of fishes that are placed
under production.
Market Restraints
The
upsurge in vegan population around the globe is lowering the demand for fishes
for consumptions and cumbering the fish farming market.
Concerns
with regard to animal cruelty complementary to the hard and fast directives of
the governments and various regulatory bodies to fight back animal cruelty is
threatening the growth of this market.
Environmental
concerns are hindering the growth prospects of the fish farming market. Rising
global temperatures and the melting of glaciers and rapid increment in water
pollution owing to a variety of reasons including industrialization at a
lightening pace is impeding the growth of this market.
Opportunities
The
rising population and health consciousness among the population across the
globe skyrocketing the demand for fishes as a part of healthy diet which is
expected to open up the market for fish farming by many folds.
Biological
developments like genetic improvement of finfish, manipulating the chromosome
sets of shellfishes, and controlled fish reproduction is expected to provide
lucrative opportunities to the fish farming market.
Trends
At
present Asia Pacific dominates the market for Fish farming and is expected to
continue its domination in the forecast period. The rapid growth of population
demographics and the rising number of fish eaters in this region are some
factors behind the growth of this market in this region. The adoption of advanced
techniques like intensive closed systems plays a pivotal role in increasing the
income of the producers and farmers and significant increase in fishing
activities are other factors augmenting the growth of the fish farming market
in this region. Globally, the fish farming market is expected to grow at a CAGR
of 5.8% in the forecast period.
Segment Covered:
This market
intelligence report on the global Fish Farming Market encompasses market segments based on type, environment and
country.
By
Product Type the global Fish Farming Market has been divided into:
q Fin
Fish
o Pompano
o Snappers
o Groupers
o Salmon
o Milkfish
o Tuna
o Tilapia
o Catfish
o Seabass
o Others
q Others
By Environment the global Fish
Farming Market has been divided into:
q Brackish
Water
q Marine
Water
q Fresh
Water
By country/region,
the global Fish Farming Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Marine
Harvest Group
q Cooke
Aquaculture Inc
q Tassal
Group Limited
q Alpha
Group Ltd
q Fish
Farming Technologies Asia Limited
q Cermaq
Group AS
q P/F
Bakkafrost
q Thai
Union Group PCL
q Leroy
Seafood Group ASA
q Mowi
ASA
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Fish Farming Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Marine Harvest Group
In December
2017, an agreement was signed by Marine Harvest for the procurement of Northern
Harvest. The price of the acquisition was CAD 315 million.
Cooke Aquaculture Inc
In October 2020,
Cooke Aquaculture’s subsidiary True North Seafood acquired a frozen and fresh
seafood company which is US based at USD 2.75 million.
Tassal Group Limited
In September
2018, the inventory, land and assets of Fortune Group Prawn Aquaculture
business was acquired by Tassal Group Limited.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Fish Farming
Market, size of the market (US$ Mn), and Compound
Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking
into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Fish Farming Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Fish Farming caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Fish
Farming Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Fish Farming Market
v
Identification
of key factors driving investment opportunities in the Fish Farming
Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants