This report provides a comprehensive analysis of the Global Fish Farming Market, including historical market sizes from 2019 to 2022 and forecasts for 2024 to 2031. The market is estimated to be valued at USD 320,000 Million in 2023 and is projected to grow to approximately USD 552,000 Million by 2031, reflecting a compound annual growth rate (CAGR) of 6.59% during the forecast period. This growth underscores the increasing demand for advanced data management solutions and highlights the importance of technological innovations in the sector.
The global fish farming market, also known as aquaculture, is rapidly expanding due to the rising demand for fish products, driven by their high nutritional value, increased global population, and shifting dietary preferences. With fish farming offering an efficient and sustainable alternative to wild-caught fisheries, it has gained traction, especially with the advancement of technology and intensive farming techniques. Key drivers include government initiatives, growing investments, and environmental concerns regarding overfishing. The market is characterized by the adoption of new species, selective breeding, and technological advancements like recirculating aquaculture systems (RAS) to improve efficiency. Major challenges include disease management, regulatory hurdles, and environmental impact. The fish farming market is segmented by type, process, and end-user applications, with significant growth seen in regions like Asia-Pacific, due to high fish consumption and favorable climatic conditions.
For the geography segment, regional supply, demand, major players, and price are presented from 2019 to 2031. This report covers the following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
Segments-
By Type-
Freshwater Aquaculture
Marine Aquaculture
Brackish Water Aquaculture
Others
Fish farming includes various types such as freshwater, marine, and brackish water farming. Freshwater aquaculture dominates, focusing on species like tilapia and catfish, while marine aquaculture involves high-value species like salmon and sea bass. Brackish water farming targets species that can tolerate varying salinity, such as shrimp and crab.
By Process-
Inland Pond Culture
Marine Culture
Recirculating Aquaculture Systems (RAS
Integrated Multitrophic Aquaculture (IMTA)
Others
Fish farming processes are classified into inland pond culture, marine culture, recirculating aquaculture systems (RAS), and integrated multitrophic aquaculture (IMTA). Inland pond culture is traditional and widely used, while marine culture is focused on saltwater species. RAS uses advanced filtration for water recycling, and IMTA incorporates multiple species to optimize ecosystem sustainability.
By End-User
Food Service
Pharmaceutical
Retail
Others
Fish farming serves food service, retail, and pharmaceutical sectors. The food service sector is the largest consumer, driven by restaurants and catering. Retail sees steady demand from supermarkets and specialty stores, while the pharmaceutical sector utilizes fish-derived bioactive compounds for health products and medical applications.
Key Players
Mowi ASA
Cermaq Group AS
Thai Union Group Public Company Limited
Marine Harvest ASA
Grieg Seafood ASA
Huon Aquaculture Group Limited
Tassal Group Limited
AquaBounty Technologies, Inc.
Cooke Aquaculture Inc.
Nippon Suisan Kaisha, Ltd.
For the competitor segment, the report includes global key players and some small players. The information for each competitor includes:
Company Profile
Main Business Information
Financial Analysis
Market Share
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Base Year: 2023
Historical Data: from 2019 to 2022
Forecast Data: from 2024 to 2031
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TABLE OF CONTENTS
Market Taxonomy
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis and Recommendations
1.3. RA Analysis and Recommendations
2. Market Introduction
2.1. Market Definition
3. Market Background
3.1. Market Overview
3.1.1. Global Fish Farming MarketOutlook
3.1.2. Global Fish Farming MarketOverview
3.2. Macro-Economic Overview
3.2.1. GDP Growth
3.2.2. Retail Industry Growth
3.3. Pricing Analysis
3.4. Challenges related to the adoption of Global Fish Farming Market
3.5. Regulations of Global Fish Farming Market
3.6. Forecast Factors: Relevance and Impact
3.7. Market Dynamics
3.7.1. Drivers
3.7.2. Restraints
3.7.3. Opportunity
3.7.4. Trends
3.7.5. SWOT Analysis
4. Market Forecast
4.1. Market Value Projections
4.2. Market Size Projections
4.3. Y-o-Y Projections
4.4. Absolute Opportunity Analysis
5. Global Global Fish Farming Market Analysis By Type
5.1. Introduction
5.1.1. Market Value Share Analysis By Type
5.1.2. Y-o-Y Growth Analysis By Type
5.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Type
5.3. Market Attractiveness Analysis By Type
6. Global Global Fish Farming Market Analysis By Process
6.1. Introduction
6.1.1. Market Value Share Analysis By Process
6.1.2. Y-o-Y Growth Analysis By Process
6.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Process
6.3. Market Attractiveness Analysis By Process
7. Market Structure Analysis
7.1. Market Analysis by Tier of Companies
7.2. Market Concentration
8. Competition Analysis
8.1. Competition Dashboard
8.2. Company Profiles (15 Companies)
8.2.1 Mowi ASA
8.2.1.1. Overview
8.2.1.2. Technology Portfolio
8.2.1.3. Financial Overview
8.2.2. Cermaq Group AS
8.2.2.1. Overview
8.2.2.2. Technology Portfolio
8.2.2.3. Financial Overview
8.2.3. Thai Union Group Public Company Limited
8.2.3.1. Overview
8.2.3.2. Technology Portfolio
8.2.3.3. Financial Overview
8.2.4. Marine Harvest ASA
8.2.4.1. Overview
8.2.4.2. Technology Portfolio
8.2.4.3. Financial Overview
8.2.5. Grieg Seafood ASA
8.2.5.1. Overview
8.2.5.2. Technology Portfolio
8.2.5.3. Financial Overview
8.2.6. Huon Aquaculture Group Limited
8.2.6.1. Overview
8.2.6.2. Technology Portfolio
8.2.6.3. Financial Overview
8.2.7. Tassal Group Limited
8.2.7.1. Overview
8.2.7.2. Technology Portfolio
8.2.7.3. Financial Overview
8.2.8. AquaBounty Technologies, Inc.
8.2.8.1. Overview
8.2.8.2. Technology Portfolio
8.2.8.3. Financial Overview
8.2.9. Cooke Aquaculture Inc.
8.2.9.1. Overview
8.2.8.2. Technology Portfolio
8.2.9.3. Financial Overview
8.2.10. Nippon Suisan Kaisha, Ltd.
8.2.10.1. Overview
8.2.10.2. Technology Portfolio
8.2.10.3. Financial Overview
8.2.11. Company11
8.2.11.1. Overview
8.2.11.2. Technology Portfolio
8.2.11.3. Financial Overview
8.2.12. Company12
8.2.12.1. Overview
8.2.12.2. Technology Portfolio
8.2.12.3. Financial Overview
8.2.13. Company13
8.2.13.1. Overview
8.2.13.2. Technology Portfolio
8.2.13.3. Financial Overview
8.2.14. Company14
8.2.14.1. Overview
8.2.14.2. Technology Portfolio
8.2.14.3. Financial Overview
8.2.15. Company15
8.2.15.1. Overview
8.2.15.2. Technology Portfolio
8.2.15.3. Financial Overview
9. Global Global Fish Farming Market Analysis By Region
9.1. Introduction
9.1.1. Market Value Share Analysis By Region
9.1.2. Y-o-Y Growth Analysis By Region
9.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Region
9.2.1. North America
9.2.2. Middle East and Africa
9.2.3. South America
9.2.4. Asia-Pacific
9.2.5. Others
9.3. Current Market Size (USD Mn) Forecast 2023-2030 By Region
9.3.1. North America
9.3.2. Middle East and Africa
9.3.3. South America
9.3.4. Asia-Pacific
9.3.5. Others
9.4. Market Attractiveness Analysis By Region
10. North America Global Fish Farming MarketAnalysis
10.1. Introduction
10.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.2.4. Rest of North America
10.3. Current Market Size (USD Mn) Forecast 2023-2030 By Country
10.3.1. U.S.
10.3.2. Canada
10.3.3. Mexico
10.3.4. Rest of North America
10.4. Historical Market Size (USD Mn) Analysis 2018-2022 By Type
10.5. Current Market Size (USD Mn) Forecast 2023-2030 By Type
10.6. Historical Market Size (USD Mn) Analysis 2018-2022 By Process
10.7. Current Market Size (USD Mn) Forecast 2023-2030 By Process
11. South America Global Fish Farming MarketAnalysis
11.1. Introduction
11.2. Regional Pricing Analysis
11.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
11.3.1. Brazil
11.3.2. Argentina
11.3.3. Rest of South America
11.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
11.4.1. Brazil
11.4.2. Argentina
11.4.3. Rest of South America
11.5. Historical Market Size (USD Mn) Analysis 2018-2022 By Type
11.6. Current Market Size (USD Mn) Forecast 2023-2030 By Type
11.7. Historical Market Size (USD Mn) Analysis 2018-2022 By Process
11.8. Current Market Size (USD Mn) Forecast 2023-2030 By Process
12. Europe Global Fish Farming MarketAnalysis
12.1. Introduction
12.2. Regional Pricing Analysis
12.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
12.3.1. Germany
12.3.2. Italy
12.3.3. France
12.3.4. Spain
12.3.5. U.K.
12.3.6. Rest of Europe
12.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
12.4.1. Germany
12.4.2. Italy
12.4.3. France
12.4.4. Spain
12.4.5. U.K.
12.4.6. Rest of Europe
12.5. Historical Market Size (USD Mn) Analysis 2018-2022 By Type
12.6. Current Market Size (USD Mn) Forecast 2023-2030 By Type
12.7. Historical Market Size (USD Mn) Analysis 2018-2022 By Process
12.8. Current Market Size (USD Mn) Forecast 2023-2030 By Process
13. Middle East and Africa Global Fish Farming Market Analysis
13.1. Introduction
13.2. Regional Pricing Analysis
13.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
13.3.1. Saudi Arabia
13.3.2. U.A.E.
13.3.3. South Africa
13.3.4. Turkey
13.3.5. Rest of Middle East and Africa
13.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
13.4.1. Saudi Arabia
13.4.2. U.A.E.
13.4.3. South Africa
13.4.4. Turkey
13.4.5. Rest of Middle East and Africa
14. Asia-Pacific Global Fish Farming Market Analysis
14.1. Introduction
14.2. Regional Pricing Analysis
14.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
14.3.1. China
14.3.2. India
14.3.3. Japan
14.3.4. South Korea
14.3.5. Singapore
14.3.6. Australia and New Zealand
14.3.7. Rest of Asia-Pacific
14.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
14.4.1. China
14.4.2. India
14.4.3. Japan
14.4.4. South Korea
14.4.5. Singapore
14.4.6. Australia and New Zealand
14.4.7. Rest of Asia-Pacific
i. Research Methodology
ii. Assumptions & Acronyms
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