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According to the latest report by IMARC Group, titled“ Fish Farming Market: Global industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032 ,” offers a comprehensive analysis of the industry, which comprises insights on the
fish farming market trends . The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global fish farming market size reached
US$ 308.1 Billion in 2023 . Looking forward, IMARC Group expects the market to reach
US$ 462.2 Billion by 2032 , exhibiting a growth rate
(CAGR) of 4.47% during 2024-2032 .
Fish Farming Market Overview:
Fish farming, or aquaculture, refers to raising fish in controlled environments such as ponds, tanks, or cages, serving as an alternative to traditional fishing. This helps enabling controlled production of fish for commercial or recreational purposes. It is characterized by the selective stocking of fish species, provision of appropriate feed, disease prevention and control measures, and harvesting of fish at the desired size and weight. The main purpose of fish farming is to create ideal conditions for fish growth by managing water quality, feeding, disease prevention, and minimizing environmental impact by using sustainable practices.
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https://www.imarcgroup.com/fish-farming-market/requestsample
Fish Farming Market Trends:
The global market is primarily driven by the shifting dietary preferences of the consumers leading to an increased demand for animal proteins, such as fish. In line with this, the augmenting demand for more stable and consistent availability of fish due to the shortage caused by overfishing is creating lucrative opportunities in the market. Moreover, continual technological advancements in aquaculture technology, including enhanced breeding techniques, water quality management systems, and better disease control measures are providing an impetus to the market.
In addition to this, the implementation of supportive policies, financial incentives, and regulations encouraging the growth of the fish farming industry by the government is creating a positive market outlook. Some of the other factors contributing to the market include an enhanced focus on marine ecosystem conservation, implementation of traceability and certification tests by manufacturers and extensive research and development (R&D) activities.
Competitive Landscape with Key Players:
Alpha Group Cermaq Group AS (Mitsubishi Corporation) Cooke Aquaculture Inc. Leroy Seafood Group ASA (Austevoll Seafood ASA) Mowi ASA Nippon Suisan Kaisha Ltd. Tassal Group Nireus Aquaculture S.A.
Key Market Segmentation:
Environment Insights:
Marine Water Fresh Water Brackish Water
Fish Type Insights:
Salmon Milkfish Tuna Tilapia Catfish Sea Bass Others
Breakup by Region:
North America (United States, Canada) Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others) Europe (Germany, France, United Kingdom, Italy, Spain, Others) Latin America (Brazil, Mexico, Others) Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
Market Performance Market Outlook Porter's Five Forces Analysis Market Drivers and Success Factors SWOT Analysis Value Chain Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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