Market Snapshot:
Rainbow Trout is known as redband trout, are gorgeous fish, with coloring and patterns that vary widely depending on habitat, age, and spawning condition. The rainbow trout is scientifically known as Oncorhynchus mykiss. These are coldwater fish that have long been symbolic of clear, healthy mountain streams and lakes in North America. The American Heart Association has recommended eating a three-ounce serving of cooked fish at least twice a week. Rainbow trout is one of the healthiest fish that can be included in the diet. One can maximize the health benefits of eating rainbow trout by cooking it from a variety of methods like steaming, grilling, broiling, or baking. The increasing people’s interest in hatchery has driven the global rainbow trout market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Albury Estate Fisheries (United Kingdom), Aquabest Seafood LLC (United States), Cermaq Group AS (Norway), Clear Springs Foods, Inc. (United States), Grieg Seafood ASA (Norway), Lerøy Seafood Group ASA (Norway), Mowi ASA (Norway), Rushing Waters Fisheries (United States), Sunburst Trout Farms (United States), Torre Trout Farms Ltd (United Kingdom) and BioMar (Denmark) |
CAGR | 5.1% |
Segment Analysis
AMA Research have segmented the market of Global Rainbow Trout market by Type, Application and Region. On the basis of Type, Small Rainbow Trout are dominating the market in the year 2021 where as Large Rainbow Trout stood as second largest market share.
On the basis of geography, the market of Rainbow Trout has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Trend
Urbanization and Changing diets are increasing demand
Market Drivers
The Popularity of Rainbow Trout Among People, Growing Food Processing Industry and Growing Number of Hatcheries in the United States, Europe, and Japan Region
Opportunities
Increasing Demand through Indirect Distribution of Rainbow Trout Globally, Increasing Health & Wellness Awareness and Cheap Alternative Fish
Restraints
- Reduction of Good Quality Rainbow Trout Habitat
In addition to the aforementioned factor, The Popularity of Rainbow Trout Among People
is expected to propel the growth of the market over the forecast period.
The key Vendors profiled in the study are Albury Estate Fisheries (United Kingdom), Aquabest Seafood LLC (United States), Cermaq Group AS (Norway), Clear Springs Foods, Inc. (United States), Grieg Seafood ASA (Norway), Lerøy Seafood Group ASA (Norway), Mowi ASA (Norway), Rushing Waters Fisheries (United States), Sunburst Trout Farms (United States), Torre Trout Farms Ltd (United Kingdom) and BioMar (Denmark).