Global Fish Farming Market
The GMI Research forecasts that the fish farming market is witnessing an upsurge in demand over the forecast period. This is mainly due to the rapid technological advancements in the field of fish farming and increasing fish production to need food supply.
Introduction of the Fish Farming Market:
Fish farming is a form of aquaculture, in which fishes are bred in an enclosed space or in tanks to be sold in the form of food. Presently, most of the fishes are consumed across the globe that are grown through the artificial environment. Fish farming is the fastest-growing area to produce animals. It is carried out in three different kinds of environments such as freshwater, marine water, and brackish.
Fish Farming Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The rising protein demand from fisheries and livestock, rapid technological advancements in the field of fish farming, and the increasing fish production to meet food supply are the major factors surging the growth of the global fish farming market. The present population is growing continuously as compared to the past 20-30 years, owing to rapid urbanization. Fisheries play a vital role in the human diet as they offer organic fish products with different health benefits and there is no use of antibiotics or additional nutrients. Fish is the most cost-effective and reliable meat sources for deriving animal protein. Individuals residing in socio-economic households or poverty are not able to get the needed amount of nutritional food for their wellbeing. The food consumed by them is low-cost staple ingredients or cereals as they do not have a budget to buy vegetables or fruits. Thereby, fishing produced by aquaculture is relatively cheaper and rich in protein with some other essential vitamins and minerals. As per fish market research, fish offers different health advantages, including reduces the level of depression, decreases risk of heart diseases, lower the cholesterol, enhances vision, and others. Thus, the growth of fish production to meet food supply is propelling the growth of the market.
The rising demand for fish production has laid pressure on fisheries and has brought the requirement for using innovative and new technologies for aquaculture. The application of technologies, including virtual reality (VR), augmented reality (AR), AI, robots, drones, sensors, and 3D printing, are creating the required changes in the fish farming industry. For example, a fish robot was formed by MIT, which almost acts like an original fish’s motions and movements. These sorts of technologies offer opportunities to study and know the natural environment of fishes. Such understanding related to fish environment could support in offering more natural experience to fishes under production. Thus, technological advancements in fish farming will energize the growth of the market.
Key Players of the Global Fish Farming Market:
- Alpha Group Ltd.
- Fish farming Technologies Asia Limited
- Cermaq Group AS
- Cooke Aquaculture Inc.
- Lerøy Seafood Group ASA.
- Marine Harvest Group
- Nippon Suisan Kaisha Ltd.
- P/F Bakkafrost
- Tassal Group Limited
- Thai Union Group PCL
Fish Farming Market Segmentation:
Segmentation by Environment:
- Freshwater
- Marine Water
- Brackish Water
Segmentation by Type:
- Fin Fish
- Pompano
- Snappers
- Groupers
- Salmon
- Milkfish
- Tuna
- Tilapia
- Catfish
- Seabass
- Others
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
