Fish Farming Market is Expected to Robust Growth, at an Estimated CAGR 4.77% by 2025

Fish Farming Market was estimated at $257.93 billion in 2017, and is anticipated to register $376.48 billion by 2025, registering a CAGR of 4.7% from 2018-2025. The report provides a detailed analysis of the market, including top market strategies, industry drivers and restraints, market size & forecast, market segmentation, competitive landscape, and wavering market trends.

Rise in fish production to meet food supply, technological advancements in the field of fish farming, and increase in global protein demand from livestock & fisheries fuel the growth of the global fish farming market. On the other hand, surge in temperature and water pollution happens to hamper the growth to some extent. Nevertheless, evolution in inland fishing and use of more sustainable technology in fish farming are expected to create multiple opportunities in the market.

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Based on fish type, the fin fish segment accounted for nearly two-thirds of the total market share in 2017 and is anticipated to lead the trail during the study period. The same segment is also predicted to grow at the highest CAGR of 4.5% till 2025.

Based on geography, the Asia-Pacific generated the largest share in 2017, contributing to two-thirds of the total market revenue. The same region is also expected to manifest the fastest CAGR of 4.8% through 2018-2025.

Based on environment, the freshwater segment contributed to nearly two-thirds of the total market in 2017 and is expected to dominate throughout the forecast period. The marine water segment, on the other hand, is projected to showcase the fastest CAGR of 4.9% through 2018-2025.

Major Players: Cermaq Group AS (Mitsubishi Corporation), Cooke Fish Farming Inc., Grupo Farallon Fish Farming, Leroy Sea Food Group, Marine Harvest ASA, P/F Bakkafrost, Fish Farming Technologies Asia Limited, Nippon Suisan Kaisha, Ltd., Tassal Group Limited, and Thai Union Group Public Company Limited.

Key findings of the Fish Farming Market:

o Asia-Pacific is expected to lead the global fish farming market, growing at the highest CAGR of 4.89%, in terms of revenue, from 2018 to 2025.
o Based on environment, the fresh water segment occupied around 61.8% of fish farming market share of the total market in 2017.
o By fish type, the others segment that includes craps mackerels, sea bream, and trout occupied a major share of the global market in 2017, in terms of revenue, followed by salmon.
o China is the largest country, in terms of revenue generation, in the global fish farming market, and is expected to grow at a CAGR of 5.31% from 2018 to 2025.
o The tilapia fish segment is expected to witness significant growth of 4.62%, in terms of revenue, during the fish farming market forecast period.

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