Fish Farming Market Size & Share to Surpass $471.7 Billion by 2030 | Vantage Market Research
Rising Consumer Demand for the Fish- based Protein Products will Enhance Market Value to USD 471.7 Billion by 2030
WASHINGTON, D.C, DISTRICT OF COLUMBIA, UNITED STATES, January 25, 2024 /EINPresswire.com/ -- According to Vantage Market Research, the Global Fish Farming Market Size is estimated to be valued at USD 471.7 Billion by 2030 at an exponential growth of 5.8% in the next seven years. The growth of the fish farming industry is driven by major factors such as the rising prevalence of Alzheimer's disease worldwide, leading to a significant increase in fish consumption.๐๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ซ๐จ๐ฏ๐ข๐๐๐ฌ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ง ๐ญ๐ก๐ ๐ ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐๐จ๐ข๐ง๐ญ๐๐ซ๐ฌ
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Rising consumer demand for fish-based protein products due to their rich nutritional value offers a profitable opportunity to companies. Furthermore, the industry is also expected to receive a boost from rising health consciousness and rising consumer awareness of the benefits of fish consumption, as well as ongoing advancements in fishing equipment and efforts to enhance aqua farming.
๐๐๐ญ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐ญ๐๐ฌ๐ญ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ @ https://www.vantagemarketresearch.com/fish-farming-market-2357/request-sample
๐ ๐๐๐ญ๐จ๐ซ๐ฌ ๐๐๐๐๐๐ญ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ ๐ญ๐ก๐ ๐ ๐ข๐ฌ๐ก ๐ ๐๐ซ๐ฆ๐ข๐ง๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
โข The rising demand for fish and fish-based products is the most significant factor boosting the growth of the fish farming industry. The rising population, increasing awareness of the health benefits of fish products, and consumer preferences for healthy and sustainable food choices have also increased the demand for farmed fish.
โข Fish farming offers a sustainable alternative to wild fish harvesting, which can lead to ecological imbalance. As consumers become more environmentally conscious, they are seeking sustainable fish products. This has increased demand for environmentally friendly fish farming practices such as recirculating aquaculture systems (RAS) and integrated multi-trophic aquaculture (IMTA).
โข Supportive government policies promote aquaculture development by providing financial incentives and setting guidelines for responsible farming practices promoting industry growth.
๐๐๐ฒ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
โข Based on the Environment segmentation, the Fresh Water segment is anticipated to register the fastest growth of the market during the forecast period.
โข Furthermore, based on the Fish Type segmentation, the Salmon segment is expected to witness maximum market growth over the projected period.
โข The market was ruled by Asia Pacific in 2022 with a revenue share of 38.9%.
โข The Asia Pacific region is expected to witness maximum market growth during the forecast period.
๐๐จ๐ฉ ๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐ ๐ข๐ฌ๐ก ๐ ๐๐ซ๐ฆ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐จ๐ฉ๐:
โข Cooke Fish Farming
โข Alpha Group Co.
โข Thai Union Group PLC
โข Tassal Group Ltd.
โข Marine Harvest ASA
โข Nippon Suisan Kaisha Ltd.
โข P/F Bakkafrost
โข Leroy Seafood Group ASA
โข Fish Farming Technologies Asia Ltd.
โข Cermaq Group AS
๐๐จ ๐๐ง๐จ๐ฐ ๐๐ง ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ, ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ซ๐ ๐ญ๐จ ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ ๐ซ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐: https://www.vantagemarketresearch.com/fish-farming-market-2357/request-sample
๐๐๐ฒ ๐๐ซ๐๐ง๐๐ฌ
โข As the global population rises, the demand for seafood also grows. Fish farming allows for producing superior-quality fish products in a controlled environment, making it a choice solution to meet this increasing demand.
โข The fish farming industry is adopting various technological advancements to enhance efficiency and sustainability. These include advanced water filtration systems, automated feeding systems, and the use of AI to control fish health and welfare.
โข While salmon and trout have traditionally been the most popular species in fish farming, there is a rising interest in farming other species, such as tilapia, catfish, and shrimp. This diversification allows for a broader range of products and industry opportunities.
๐๐๐ฒ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ ๐ข๐ฌ๐ก ๐ ๐๐ซ๐ฆ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
โข Companies are engaging in vertical integration by owning and commanding multiple stages of the fish farming producers, from catching to distribution, which helps to improve quality control and cost efficiency.
โข Various fish farming technologies are becoming popular as companies adopt advanced breeding techniques and automated feeding systems.
โข Most of the significant fish farming players are adopting sustainable practices to minimize the environmental impact, which includes environmentally friendly feed, reducing waste, etc.
โข Companies invest in effective and attractive branding and packaging to gain consumer traction.
โข Companies are differentiating their products by promoting the nutritional content of their product and by offering unique processing methods.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ | ๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ @ https://www.vantagemarketresearch.com/buy-now/fish-farming-market-2357/0
๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ ๐จ๐ ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐ ๐ข๐ฌ๐ก ๐ ๐๐ซ๐ฆ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
โข In March 2022, in order to give the fish individualized follow-up, BioSort and Cermaq tested for the first time a sorting mechanism that will sort the fish in a net pen. To improve fish health and welfare in net pens and to boost survival in salmon farming, it is essential to be able to distinguish between different species.
โข In September 2022, to support an ambitious expansion plan, the Lery Seafood group intended to invest more than NOK 3 billion (ยฃ260 million) in its value chain.
๐ ๐ข๐ฌ๐ก ๐ ๐๐ซ๐ฆ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
By Environment
โข Marine Water
โข Fresh Water
โข Brackish Water
By Fish Type
โข Pompano
โข Snappers
โข Groupers
โข Salmon
โข Milkfish
โข Tuna
โข Tilapia
โข Catfish
โข Sea Bass
โข Other Fish Types
By Region
โข North America
โข Europe
โข Asia Pacific
โข Latin America
โข Middle East & Africa
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐๐ญ๐ ๐๐๐๐ฅ๐๐ฌ ๐๐ง๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ ๐ฌ๐ฉ๐ซ๐๐๐ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐๐๐ ๐๐๐ ๐๐ฌ ๐๐ง๐ ๐ข๐ง-๐๐๐ฉ๐ญ๐ก ๐๐๐ ๐จ๐ง ๐ ๐ข๐ฌ๐ก ๐ ๐๐ซ๐ฆ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ@ https://www.vantagemarketresearch.com/press-release/fish-farming-market-63676
๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐ ๐ซ๐จ๐ฆ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ
Environment Analysis
โข Fresh Water market segment accounted for the most considerable revenue share in 2022.
โข Freshwater farming is comparatively less complex and cost-effective than marine water fish farming, which drives its demand in the fish farming industry.
โข One of the significant benefits of freshwater fishing is that it can be practiced around the globe and helps improve the economy of regions that don't have a coastline.
Fish Type Analysis
โข Salmon is anticipated to have maximum market growth during the projected timeframe.
โข One of the key drivers of the growth in salmon is the growing demand for healthy seafood and the rise in production of farmed salmon.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
โข The Asia Pacific area led the Fish Farming market in 2022 with 40.9% of revenue share.
โข Favorable climatic conditions, increasing demand for seafood products, and helpful government policies are the major factors driving demand for the fish farming market.
โข China is the world leader in the fish farming industry, with one-third of the world's fish production, followed by India and Vietnam.
๐๐๐๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐ @ https://www.vantagemarketresearch.com/industry-report/fish-farming-market-2357
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