About Fish Farming
Fish farming is raising fish in tanks, ponds. The main reason behind it is the purpose of producing food. Fish is a great source of food and protein. Countries with coastal areas are more suitable for a fish farming business. Fish farming business in both large and small scale production purposes. It is also a great source of employment, more than 1 billion people around the world depend on fish. According to the United Nations Food and Agriculture Organization, roughly 32% of world fish stocks are overexploited, depleted or recovering and need of being urgently rebuilt.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
In Jan 2019, the Government of Egypt and Tunisia Announced A Cooperation Agreement to Exchange Expertise and Develop and Expand Their Respective Fish Farming and Fishing Industries. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Fish Farming market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
American Abalone Farms (United States), Bakkafrost (Faroe Islands), Blue Ridge Aquaculture Inc. (United States), Camanchaca (Chile), Cargill Incorporated (United States), Cermaq (Norway), Charoen Pokphand Foods Public Company Limited (Thailand), Cooke Aquaculture (Canada), Dainichi Corporation (Japan) and Dongwon Industries Co. (South Korea) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Grieg Seafood ASA (Norway), Nireus Aquaculture S.A. (Greece) and Royal Greenland A/S (Greenland).
Segmentation Overview
AMA Research has segmented the market of Global Fish Farming market by Type (Intensive Fish Farming System and Extensive Fish Farming System) and Region.
On the basis of geography, the market of Fish Farming 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). If we see Market by Fish Farm, the sub-segment i.e. Cage System will boost the Fish Farming market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fish, the sub-segment i.e. Carps will boost the Fish Farming market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Environment, the sub-segment i.e. Freshwater will boost the Fish Farming market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase Demand of Vertical Underwater Farming and Increase Focus on Environmental Degradation
Market Growth Drivers:
Increase in Demand for Protein, Population Growth, Increasing Nutrients Preference, Increasing Demand in Skin Care Product and Rise in Government Rules and Regulations in Different Countries That Promote Fish Farming
Restraints:
Increase In Water Pollution and Changes in Climatic Conditions Hamper the Fish Farming Market Growth and Fish Farming Production Is Vulnerable To Adverse Impacts of Diseases Such As Koi Herpesvirus A Viral Disease That Hamper the Fish Production
Opportunities:
Strong Opportunity in Food Industry, Due To Increased Use of Fishmeal and Fish Oil
Market Leaders and their expansionary development strategies
In October 2021, Alfa Laval has acquired the Norwegian system manufacturer LiftUP. LiftUP is a market leader in removing waste from fish farms to reduce their impact on the marine environment. The acquisition is part of Alfa Laval’s strategy of building up an attractive aquaculture product portfolio and creating an expanded and sustainable growth platform for the future.
In Mar 2019, The Norwegian Company Planning to Build Europe’s Biggest On-Land Salmon Farm. This Land Based Fish Farm Also Help To Strengthen The Region.
Key Target Audience
Research Orgnization, End User Industry, Goverment Regulatory and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.