Reports
Global Fish Farming Market Size, Share, Trends, Forecast: By Environment: Marine Water, Fresh Water, Brackish Water; By Fish Type: Salmon, Milkfish, Tuna, Tilapia, Catfish, Sea Bass, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Fish Farming Market Outlook
The global fish farming market attained a value of USD 306.88 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.7% to reach USD 504.80 billion by 2032.
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The Asia Pacific to Dominate the Global Fish Farming Industry
The Asia Pacific region dominated the global market and is projected to continue to do so in the forecast period. The Asia Pacific fish farming industry is growing due to the presence of a large population and the increasing consumption of fish and seafood in the region. This expansion has been fuelled mostly by an increase in fishing operations in Asian countries such as Thailand, India, Japan, and China.
Increasing Demand for Fresh Water Fish to Augment the Growth of the Global Fish Farming Industry
Fresh water was the most significant revenue-generating segment in terms of the environment, accounting for a considerable market share in the historical period. Furthermore, the segment is projected to expand at a faster rate over the forecast period. The increasing popularity of aquaculture as a viable alternative to wild fishing is the major factor driving the growth of the segment.
Global Fish Farming Industry: Definition and Segmentation
Fish farming is a type of aqua farming that comprises interventions in the raising process to improve output, such as regular stocking, feeding, and predator protection, according to the Food and Agriculture Organization (FAO). Fish farming encompasses a wide range of species that are being farmed around the world. Eating fish is a part of many people's cultural customs, and it has a high nutritional profile in terms of health advantages. It is a rich source of protein, fatty acids, vitamins, minerals, and critical micronutrients.
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By environment, the industry is segmented into:
- Marine Water
- Fresh Water
- Brackish Water
The market can be broadly categorised on the basis of fish type into:
- Salmon
- Milkfish
- Tuna
- Tilapia
- Catfish
- Sea Bass
- Others
The EMR report looks into the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Food Requirements to Bolster the Growth of the Global Fish Farming Industry
Fish farming is currently a requirement to meet the rising global food demand. The worldwide fish farming industry has been growing owing to dramatically expanding food requirements and changes in people's food consumption patterns all over the world. The governments across various nations are pushing cage and freshwater fish farming to meet the rising food demand, which is favourably impacting the industry growth. Furthermore, the ongoing technological improvements in fishing equipment, as well as increased initiatives to boost aqua farming, are supporting the global fish farming industry. Import tariff reductions have been a primary driver for international trade expansion and, as a result, the market for fish and fish products. In addition, the growing health consciousness among consumers and the increased consumption of fish as a key source of protein are also expected to boost the market growth in the forecast period. Consumers find it convenient to purchase packaged fish products due to the easy availability of the product through multiple sales channels, which further drives product sales.
Key Industry Players in the Global Fish Farming Market
The report presents a detailed analysis of the following key players in the global fish farming market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Alpha Group Ltd.
- Cermaq Group AS
- Cooke Aquaculture Inc.
- Leroy Seafood Group ASA
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Environment, Fish Type, Region |
| Breakup by Environment | Marine Water, Fresh Water, Brackish Water |
| Breakup by Fish Type | Salmon, Milkfish, Tuna, Tilapia, Catfish, Sea Bass, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Alpha Group Ltd., Cermaq Group AS, Cooke Aquaculture Inc., Leroy Seafood Group ASA, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Fish Farming Market Analysis
8.1 Key Industry Highlights
8.2 Global Fish Farming Historical Market (2018-2023)
8.3 Global Fish Farming Market Forecast (2024-2032)
8.4 Global Fish Farming Market by Environment
8.4.1 Marine Water
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Fresh Water
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Brackish Water
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Fish Farming Market by Fish Type
8.5.1 Salmon
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Milkfish
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Tuna
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Tilapia
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Catfish
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Sea Bass
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Fish Farming Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Fish Farming Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Fish Farming Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Fish Farming Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Fish Farming Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Fish Farming Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Alpha Group Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Cermaq Group AS
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Cooke Aquaculture Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Leroy Seafood Group ASA
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Fish Farming Market: Key Industry Highlights, 2018 and 2032
2. Global Fish Farming Historical Market: Breakup by Environment (USD Billion), 2018-2023
3. Global Fish Farming Market Forecast: Breakup by Environment (USD Billion), 2024-2032
4. Global Fish Farming Historical Market: Breakup by Fish Type (USD Billion), 2018-2023
5. Global Fish Farming Market Forecast: Breakup by Fish Type (USD Billion), 2024-2032
6. Global Fish Farming Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Fish Farming Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Fish Farming Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Fish Farming Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Fish Farming Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Fish Farming Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Fish Farming Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Fish Farming Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Fish Farming Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Fish Farming Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Fish Farming Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Fish Farming Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Fish Farming Market Structure
Key Questions Answered in the Report
In 2023, the global fish farming market attained a value of nearly USD 306.88 billion.
The market is projected to grow at a CAGR of 5.7% between 2024 and 2032.
The major market drivers are technological advancements in fishing equipment, increased initiatives to boost aqua farming, growing health consciousness among consumers, and the surging protein demand from livestock and fisheries across the world.
The key trends of the market are the rising global food demand, increasing fishing operations in Asian countries, and changes in people's food consumption patterns.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The environments of fish farming in the market are marine water, fresh water, and brackish water.
The fish types in the market are salmon, milkfish, tuna, tilapia, catfish, and sea bass, among others.
The key players in the global fish farming market are Alpha Group Ltd., Cermaq Group AS, Cooke Aquaculture Inc., and Leroy Seafood Group ASA, among others.
Analyst Review
The global fish farming market attained a value of USD 306.88 billion in 2023, driven by rising health consciousness among people. Aided by an increase in fishing operations in Asian countries and rising global food demand, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.7%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on environment, the industry can be segmented into marine water, fresh water, and brackish water. On the basis of fish type, the market is divided into salmon, milkfish, tuna, tilapia, catfish, and sea bass, among others. The major regional markets for fish farming are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Alpha Group Ltd., Cermaq Group AS, Cooke Aquaculture Inc., Leroy and Seafood Group ASA, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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