Global Fish Farming Market By Environment And By Region 2023. The GMI Research anticipates that the Fish Farming Market will undergo growth in demand over the forecast period. This is because of the accelerating apprehension towards health and the aggravating demand for fish.
Introduction Of The Global Fish Farming Market
Fish farming refers to a type of aquaculture under which fish are procreated in a confined space to be exchanged as food. Currently, over half of the fish is consumed throughout the world via the synthetic environment. It is considered the fastest-growing area for the fabrication of animals.
Key Players Of the Market:
- Fish farming Technologies Asia Limited
- Alpha Group Ltd.
- Cermaq Group AS
- Lerøy Seafood Group ASA.
- Marine Harvest Group
- Cooke Aquaculture Inc.
- Nippon Suisan Kaisha Ltd.
- Tassal Group Limited
- P/F Bakkafrost
- Thai Union Group PCL
Global Fish Farming Market Dynamics
The ongoing technological progression in fish farming, aggravating demand of protein from fisheries and livestock, as well as the surging production of fish to cater to the food supply, are enlarging the size of the global fish farming market. Also, the acceleration in the current population compared to the last 20-30 years as a result of the increasing rural-to-urban migration is further strengthening the market size.
Further, fisheries play an essential role in the human diet owing to the production of natural fish products with enormous benefits and without the use of extra nutrients ad antibiotics. Thus, fish is considered the most economical and dependable meat source to acquire animal protein which is contributing to the market growth.
Besides this, people living in protein do not have ingress to the required amount of nutritional food for their welfare. They mostly consume cheaper staples or cereals, led by their budget restrictions to purchase vegetables or fruits. Thus, the fish acquired through aquaculture is relatively low cost and has higher protein with other essential minerals and vitamins.
In addition, fish offers enormous health benefits such as less risk of heart disease, enhanced vision, and less depression, and cholesterol, which further stimulate the market growth. Thus, the surge in fish production to serve the food supply is energizing the Fish Farming Market Growth.
Additionally, the rising pressure of fish production on fisheries has supplemented the need to implement inventive and novel technologies for aquaculture. Thereby, the execution of sophisticated technologies such as augmented reality (AR), Sensors, 3D printing, drones, artificial intelligence, and robots are offering enormous growth opportunities.
For instance, a fish robot invented by MIT, almost imitates the movements and motions of an original fish. These technologies offer chances to acknowledge and study the organic environment of fish.
These acknowledgments about the environment of fish assist in offering an enhanced natural experience to fishes beneath production. Hence, continuous technological innovations are projected to supplement the Fish Farming Market Share.
Environment Segment Drivers
In accordance with the environment, the market is subdivided into marine, brackish, and freshwater. Amongst these, the freshwater segment is contemplated to sustain its supremacy over the forecast period. The persistent encouragement of implementing freshwater fish farming by the government of various countries has complemented the Fish Farming Market Size.
Fish Farming Market Segmentation:
Segmentation by Environment
- Marine Water
- Brackish Water
Segmentation by Type
- Fin Fish
Segmentation by Region:
- United Kingdom
- Rest of Europe
- Rest of APAC
- United States of America
- South Africa
- Saudi Arabia
About GMI Research
The research and consulting organization provides research reports and business penetration to various enterprises to help them make prudent business policies and attain viable growth in the specific market domain. Our cosmic team of analysts and experienced researchers proffer a comprehensive solution for the client. The research report provides a comprehensive analysis, including forecasts, a view of the competitive landscape, factors impacting the market growth, and another market acumen to support companies in making judicious decisions.