Global Fish Farming Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Stolt Sea Farm and Selonda Aquaculture SA are Key Players.

The global fish farming market is expected to grow at a CAGR of 4.86% to reach a market size worth US$396.312 billion by 2028.

The rising demand for fish protein is the prime factor propelling the global fish farming market growth.

As per the report, the global fish farming market is expected to grow steadily over the forecast period.

Aquaculture practices such as regular stocking, feeding, and predator protection are included in fish farming practices to increase output. However, commercial fish breeding, also known as pisciculture, is mainly done for food in fish tanks or other artificial tanks such as ponds.

Globally, there is an increasing demand for dietary fish protein, which has resulted in pervasive overfishing in wild fisheries, leading to the expansion of the fish farming market. Consequently, this market will expand during the forecast period due to the rising demand for fish protein and a growing seafood sector. The use of advanced technologies such as advancing integrated agriculture-aquaculture, recirculating aquaculture systems, and genetics and genomics tools has improved the efficiency and productivity of fish farming, propelling the global fish farming market growth.

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The global fish farming market has been categorized based on environment, fish type, and geography.

The market has been segmented by environment into freshwater, marine water, and brackish water. The freshwater segment will witness a notable CAGR due to increased aquaculture production. According to the Indian Ministry of Fisheries, Animal Husbandry and Dairying, the Inland Fisheries' share of freshwater aquaculture, which was 34% in mid-1980, grew to about 76% in 2021-22.

Based on fish type, the segmentation has been done into salmon, shellfish, tuna, tilapia, milkfish, and others. Salmon will hold a significant market share in 2028 as it is one of the most popular fish species farmed globally. As per the USDA data, in 2020, Chile, the second largest producer of salmon, produced around 1,079,595 metric tonnes of salmon, where coho salmon accounted for 204,740 MT volume of the total output, and Atlantic salmon accounted for 787,131 MT.

By region, Asia Pacific is expected to retain a significant market share during the projected timeframe as it is the world'sworld's largest aquaculture region with high fish farming production. According to FAO, in 2020, around 77 million tonnes of fish were produced for human consumption in Asia, accounting for 88.4% of the world's total output. The regional growth is also fueled by well-established seafood industries in nations like China and India.

The major global fish farming market players covered in the report are Alpha Group, Cooke Aquaculture Inc., Leroy Seafood Group, Mowi ASA, Thai Union Group PCL, Stolt Sea Farm, Selonda Aquaculture SA, Nireus Aquaculture S.A., Marine Harvest ASA, and Blue Ridge Aquaculture.
This global fish farming market has been analyzed into the following segments:

• By Environment

o Freshwater
o Marine water
o Brackish water

• By Fish Type

o Salmon
o Shellfish
o Tuna
o Tilapia
o Milkfish
o Others

• By Geography

o North America

• USA
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• Germany
• France
• United Kingdom
• Others

o Middle East and Africa

• Saudi Arabia
• UAE
• Others

o Asia Pacific

• China
• India
• Japan
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

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• https://www.knowledge-sourcing.com/report/indoor-farming-technology-market

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