Press release
Rainbow Trout Market Projected to Witness a Single-Digit CAGR During 2018 to 2028
Rainbow trout is a member of the salmon family. There are about 15 subspecies of rainbow trout, which are native to the western part of North America. Rainbow trout are found across the world. Rainbow trout inhabits in cold streams and river, while other subspecies spend part of their lives in the ocean. Rainbow trout are popular game fish and are also an important food source for humans. The rainbow trout is an excellent alternative for protein and contains about 19 grams of protein in a three-ounce cooked rainbow trout. Thus, rainbow trout are often cultivated in commercial farms throughout the globe.
Rainbow Trout Market: Dynamics
The key driving factor for the global rainbow trout market is the growing demand for wild-caught and farmed fish from a growing population. The significant increase in sales of rainbow trout owing to the rise in consumer preference regarding healthy food in developing economies is highly anticipated to drive the global rainbow trout market. Moreover, considerable growth in the consumption of seafood will create a significant opportunity for the global rainbow trout market over the forecast period. Furthermore, the new rule introduced in China regarding rainbow trout can be now labeled and sold domestically as salmon is highly anticipated to boost the demand for rainbow trout. As Rainbow Trout are high in Omega-3 fatty acids, they are gaining huge recognition among the health conscious population across the globe. All the above mentioned major influencing factors are highly anticipated to drive the global rainbow trout market over the forecast period. The key restraining factor such as high fish farming cost coupled with regular high maintenance factor may hinder the global rainbow trout market growth over the forecast period.
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Rainbow Trout Market: Segmentation
The global rainbow trout market is segmented on the basis of type, operation, end-use sector and region.
Based on the type, the global rainbow trout market is segmented as:
Farmed
Wild Captured
Based on the distribution channel, the global rainbow trout market is segmented as:
Direct
Indirect
Modern Store Format
Hypermarket/Supermarket
Convenience Store
Others
Specialty Food Stores
E-commerce
Others
Based on the end-product, the global rainbow trout market is segmented as:
Frozen
Fresh
Canned
Others
Farmed rainbow trout is estimated to account for a significant market share over the forecast period due to a significant rise in the rainbow trout aquaculture across the globe. On the other hand, among end-product segments, frozen rainbow trout is anticipated to see rapid market growth over the forecast period, attributed to being one of the most widely consumed product. Whereas for the distribution channel, indirect service currently represents the largest distribution channel.
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Rainbow Trout Market: Regional Outlook
Based on geographies, the global rainbow trout market is segmented into seven regions including North America, Latin America, Europe, CIS & Russia, Japan, APEJ (the Asia Pacific excluding Japan) and MEA. Among the above-mentioned countries, North America is estimated to account for a significant market share due to the presence of leading vendors and producer. APEJ is anticipated to witness a high growth in the global rainbow trout market owing to its growing economy with a huge population base that is ready to spend on healthy seafood. Moreover, Europe is projected to showcase optimistic growth in the global rainbow trout market due to the rise in the fish farming industry along with a boost in the standard of living across the region. MEA is one of the key promising regions which will generate notable opportunity in the global rainbow trout market over the forecast period due to the rise in per capita expenditure and an upsurge in foreign tourist in the region.
Rainbow Trout Market: Prominent players
Prominent players for the global rainbow trout market are Marine Harvest ASA, Albury Estate Fisheries, Cermaq Group AS, Lerøy Seafood Group ASA, AQUABEST SEAFOOD LLC., Grieg Seafood ASA, Clear Springs Foods, Torre Trout Farms Ltd, Rushing Waters Fisheries, Specialty Food Association, Inc. and other key market players. Prominent market players are committed to enhancing their rainbow trout farming capabilities to capture maximum market share in the global rainbow trout market. These companies are aiming at the expansion of production and supply capacity of rainbow trout to increase its overall profitability.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology
Regional Segments Analyzed Include
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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