Global Fish Farming Product Market Overview:
Fish farming is a type of aquaculture in which fish are raised in enclosed environments for sale as food. It is the fastest growing segment of the animal food industry. Approximately half of the fish consumed globally today is raised in these artificial environments. Salmon, tuna, cod, trout, and halibut are among the most commonly farmed species. Aquafarms can be mesh cages submerged in natural bodies of water or concrete enclosures on land. Some see fish farming as a solution to the overfishing problem. These farms, however, are far from benign and can cause significant harm to ecosystems by introducing diseases, pollutants, and invasive species. The impact of fish farms varies depending on the type of fish, how it is raised and fed, and the size of the farm.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- The Rise, Growth, and Expansion of the Fish Farming Industry are the Primary Factors Driving the Increase in Demand for Fish Farming Equipment.
Roadblocks
- Environmental Concerns Due to Overfishing are Another Major Challenge That the Fish Farming.
Opportunities
- Rising Smart Fishing, Trends Will Create Lucrative and Remunerative Growth Opportunities for the Fish Farming Equipment Market.
Challenges
- Food Safety Concerns Will Slow Down the Fish Farming Equipment Market Growth Rate.
Competitive Landscape:
Market players are focusing on providing Fish Farming Products with higher quality along with complying with all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer advanced Fish Farming Products. The high focus on offering cost-effective products. Besides, the numerous industry profitability has led to the entry of new players, in turn, increasing the level of rivalry in the already competitive market.
Some of the key players profiled in the report are AKVA Group (Norway), Selstad (Norway), Badinotti (Italy), Aquamaof (Israel), Garware Wall Rope (India), Hunan Xinhai (China), Zhejiang Honghai (China), Qingdao Qihang (China), Yuanjiang Fuxin Netting (China) and Xinnong Netting (China). Additionally, following companies can also be profiled that are part of our coverage like Anhui Huyu (China), Shandong Haoyuntong (China) and Qingdao Lidong (China). Analyst at AMA Research see China Vendors to retain maximum share of Global Fish Farming Product market by 2027. Considering Market by Water, the sub-segment i.e. Freshwater will boost the Fish Farming Product market. Considering Market by Sales channel, the sub-segment i.e. Direct Sales will boost the Fish Farming Product market. Considering Market by Fish, the sub-segment i.e. Carps will boost the Fish Farming Product market. Considering Market by Farming System, the sub-segment i.e. Cage system will boost the Fish Farming Product market.
Latest Market Insights:
In February 2021 AKVA group has acquired 33.7% of the shares in Observe Technologies Ltd (Observe) to further strengthen its digital strategy, as presented at the recent Capital Markets Day.
February 2022. AquaMaof Aquaculture Technologies Ltd. - a global pioneer in RAS technology for land-based aquaculture - has signed its first contract in Chile with Atacama Yellowtail SpA (AYT), for the cultivation and production of 900 tons of Yellowtail Kingfish (Seriola lalandi) in the Coquimbo Region. The signing is the result of the dedicated work and effort invested together by AquaMaof, AYT, and Inno-Sea, AquaMaof's partner in Chile and Latin America.
As with any human activity in the U.S., marine aquaculture is regulated by a suite of regulations to protect the environment and human health (e.g. Clean Water Act; Endangered Species Act, National Environmental Policy Act; Marine Mammal Protection Act; Federal Food, Drug, and Cosmetic Act; etc.)
What Can be Explored with the Fish Farming Product Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Fish Farming Product Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Fish Farming Product
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Fish Farming Product market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Fish Farming Product market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Aquaculture Companies, New Entrants and Investors, Legalized Cannabis Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.