Trout Market to Grow at 6.2% During 2022-2027, Propelled by Significant Growth in the Aquaculture Industry

According to the latest report by IMARC Group, titled "Trout Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global trout market is expected to exhibit a CAGR of 6.2% during 2022-2027. Trout is a species of freshwater fish belonging to the Salmonidae family. Some of the most commonly available trout variants include rainbow trout, golden trout, Ohrid trout, sea trout, brook trout, and brown trout. They are rich in essential nutrients, such as omega-3 fatty acids, protein, niacin, vitamin B12, selenium, calcium, potassium, and healthy fats. They assist in regulating cholesterol levels, building muscular strength, repairing damaged tissues, reducing inflammation, minimizing the risk of cardiovascular diseases, improving metabolism, and enhancing digestive health. As a result, trout has gained immense popularity as a healthy seafood option across the globe due to its nutritional value and taste.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic.

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Global Trout Market Trends:

Significant growth in the aquaculture industry and the rising exports of freshwater fish species represent the primary factors driving the market growth. Additionally, with the surging health consciousness, individuals are replacing high-calorie food products with protein-rich foods in their diet. In line with this, the shifting consumer preferences toward processed, canned, and chilled trout with prolonged shelf life due to sedentary lifestyles and hectic schedules has augmented the product demand. Furthermore, the leading manufacturers are utilizing innovative aquaculture practices to improve productivity and prevent disease outbreaks in trout species. Along with this, the widespread adoption of advanced technologies by key players to improve the trout supply and yield through constant growth and health monitoring has propelled the market growth. Besides this, the increasing number of quick-service restaurants (QSR) and seafood-based eateries that serve gourmet and inter-continental trout dishes is also contributing to the market growth. Other factors, including the launch of new value-added trout products, such as supplements and fillets, improving fish farming practices, stringent seafood safety regulations, changing dietary habits, and ongoing research and development (R&D) activities, are also providing a positive thrust to the market growth.

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Competitive Landscape With Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

• Albury Estate Fisheries
• Aquabest Seafood LLC
• JM Clayton Seafood Company
• Cermaq Group AS
• Clear Springs Foods LLC
• Grieg Seafood ASA
• Lerøy Seafood Group ASA
• Mowi ASA
• Rushing Waters Fisheries LLC
• Sunburst Trout Farms
• Torre Trout Farms Ltd

Key Segmentation:

Breakup by Trout Type:

• Rainbow Trout
• Ohrid Trout
• Sea Trout
• Golden Trout
• Brook Trout
• Others

Breakup by Trout Size:

• Large
• Small

Breakup by Distribution:

• Foodservice
• Retail

o Supermarkets and Hypermarkets
o Convenience Stores
o Specialty Outlets
o Online Channels
o Others

Breakup by Packaging Form:

• Fresh
• Frozen
• Canned
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, 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 (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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.

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This release was published on openPR.