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Fish Farming Market by Environment and Fish Type: Global Opportunity Analysis and Industry Forecast, 2018 - 2025

  • ID: 4828496
  • Report
  • April 2019
  • Region: Global
  • 261 pages
  • Allied Analytics LLP
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Fish farming, also known as aqua farming, is a practice of cultivating and harvesting different spices of fishes in an ideal condition. It is performed in different cultures such as marine water, freshwater, and brackish water. These fishes are further commercialized for different applications such as food industry, dietary supplement, and others.

Fish farming procedure facilitates the rearing process to enhance production by regular stocking, feeding, and protection from predators. This procedure is practiced by some farmers in developing countries and by multinational companies that can hold the ownership of the stock being cultivated. Approximately 580 species are currently farmed all over the world, representing a wealth of genetic diversity both within and among species.

Increase in consumption of fishes as a cultural tradition of many people and rise in awareness about the health benefits of fishes are anticipated to boost the growth of the global fish farming market. In addition, increase in application of fish oil across various industries such as dietary supplements, food industry, healthcare, and pharmaceutical boosts the market growth.

Developed countries export their fishes to other developed nations, such as Norway exports salmon to Japan. On the other, developing countries expand their exports by supplying fishes in developed countries such as market without facing prohibitive customs duties; however, they may face market access issues related to non-tariff measures. For some specific products, such as canned tuna, tariff rate quotas are applied, whereby a certain quantity per year can be imported at a reduced tariff. The widespread reduction of import tariffs has been a major driver of the international trade over the past 25 years. Regional trade agreements are reciprocal agreements establishing preferential terms of trade among two or more trading partners in the same region. Thus, regional trade agreement acts as an important driver of the global trade expansion in the past several decades.

The global food supply security issue, owing to increase in global population, and rise in protein demand have fueled the growth of the market. In addition, increase in consumption of zooplanktons, being a major source of proteins, acts as a key factor augmenting the market growth. Technological advancements in the rearing of fish and cultivation of sea plants further supplement the market growth. However, climate change has been recognized as a key concern, and is expected to aggravate predicted shortfalls in coastal fisheries production, thus restraining the market growth. Moreover, evolution of inland fish farming provides numerous opportunities for market expansion. Moreover, adoption of rice fish culture across the globe is expected to open new avenue for the major manufacturers during the forecast period.

The report segments the market on the basis of environment, fish type, and region. The environment segment includes freshwater, marine water, and brackish water. On the basis of fish type, the market is divided into fin fish and others. Based on region, it is analyzed across North America (U.S., Mexico, and Canada), Europe (Russia, Norway, Iceland, and rest of Europe), Asia-Pacific (China, Philippine, Japan, Indonesia, Vietnam, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Recent advancements in the market include a fish farming contract for Norwegian Offshore Company, Farstad Shipping, for its AHTS vessels. The contract was awarded by Ocean Farming AS, a subsidiary of SalMar Group, for the complete mooring installation and hook up of Ocean Farming’s semi-submersible offshore fish farm. Rise in alliances among industry players is expected to boost the market growth.

Key players profiled in this report include 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.

Other major players (not profiled in report) in the value chain are Blue Ridge Fish Farming, Eastern Fish Co., Huon Fish Farming Group Pty Ltd., ASMAK - International Fish Farming Holding Company, RoyMarine Harvest ASA, Nireus Fish Farming S.A., Promarisco, and Stehr Group Pty Ltd.

KEY BENEFITS FOR STAKEHOLDERS
  • This report provides a quantitative analysis of the current fish farming market trends, estimations, and dynamics of the global fish farming market from 2018 to 2025 to identify the prevailing market opportunities.
  • The key countries in all the major regions are mapped based on their fish farming market share.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the fish farming market segmentation assists to determine the prevailing fish farming market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global industry.
  • Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
  • The report includes the analysis of the regional as well as global fish farming market, key players, market segments, fish types, and growth strategies.
KEY MARKET SEGMENTS
  • By Environment
o Freshwater
o Marine Water
o Brackish Water
  • By Fish Type
o Fin Fish
Pompano
Snappers
Groupers
Salmon
Milkfish
Tuna
Tilapia
Catfish
Seabass
Other (Carps, Mackerels, Sea Bream, and Trout)
o Others
  • By Region
o North America
U.S.
Canada
Mexico
o Europe
Russia
Norway
Iceland
Rest of Europe
o Asia-Pacific
China
Philippine
Japan
Indonesia
Vietnam
Australia
Rest of Asia-Pacific
o LAMEA
Latin America
Middle East
Africa
Note: Product cover images may vary from those shown
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Chapter: 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models

Chapter: 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective

Chapter: 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pocket
3.3. Top winning strategies
3.4. Porter's five forces analysis
3.4.1. Bargaining power of suppliers
3.4.2. Bargaining power of buyers
3.4.3. Threat of substitution
3.4.4. Threat of new entrants
3.4.5. Intensity of competitive rivalry
3.5. TOP PLAYER POSITIONING
3.6. Market dynamics
3.6.1. Drivers
3.6.1.1. Rise in fish production to meet food supply:
3.6.1.2. Technological advancements in the field of Fish Farming:
3.6.1.3. Rise in global protein demand from livestock and fisheries:
3.6.2. Restraint
3.6.2.1. Rise in temperature and water pollution:
3.6.3. Opportunity
3.6.3.1. Evolution in inland fishing and use of more sustainable technology in Fish Farming:
3.7. Import and Export of Fish
3.7.1. Per capita consumption
3.8. Pricing Analysis by region

Chapter: 4: FISH FARMING MARKET, BY ENVIRONMENT
4.1. Overview
4.1.1. Market size and forecast, by Environment
4.2. Marine water
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Freshwater
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
4.4. Brackish water
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

Chapter: 5: FISH FARMING MARKET, BY FISH TYPE
5.1. Overview
5.1.1. Market size and forecast, by fish type
5.2. TROPICAL FIN FISH
5.2.1. Key market trends, Growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market size and forecast, by tropical fin fish type
5.2.4. Market analysis by country
5.2.4.1. Pompano
5.2.4.1.1. Market size and forecast, by region
5.2.4.2. Snappers
5.2.4.2.1. Market size and forecast, by region
5.2.4.3. Groupers
5.2.4.3.1. Market size and forecast, by region
5.2.4.4. Salmon
5.2.4.4.1. Market size and forecast, by region
5.2.4.5. Milkfish
5.2.4.5.1. Market size and forecast, by region
5.2.4.6. Tuna
5.2.4.6.1. Market size and forecast, by region
5.2.4.7. Tilapia
5.2.4.7.1. Market size and forecast, by region
5.2.4.8. Catfish
5.2.4.8.1. Market size and forecast, by region
5.2.4.9. Sea Bass
5.2.4.9.1. Market size and forecast, by region
5.2.4.10. Others
5.2.4.10.1. Market size and forecast, by region
5.3. OTHERS
5.3.1. Key market trends, Growth factors and opportunities
5.3.2. Market size and forecast by region
5.3.3. Market analysis by country

Chapter: 6: FISH FARMING MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast, by region
6.2. North America
6.2.1. Key market trends, growth factors, opportunities and PESTLE analysis
6.2.2. Market size and forecast, by Environment
6.2.3. Market size and forecast, by fish type
6.2.3.1. Market size and forecast, by tropical fish type
6.2.4. Market size and forecast, by country
6.2.5. U.S.
6.2.5.1. Market size and forecast, by Environment
6.2.5.2. Market size and forecast, by fish type
6.2.6. Canada
6.2.6.1. Market size and forecast, by Environment
6.2.6.2. Market size and forecast, by fish type
6.2.7. Mexico
6.2.7.1. Market size and forecast, by Environment
6.2.7.2. Market size and forecast, by fish type
6.3. Europe
6.3.1. Key market trends, growth factors, and opportunities and PESTLE analysis
6.3.2. Market size and forecast, by Environment
6.3.3. Market size and forecast, by fish type
6.3.4. Market size and forecast, by fish type
6.3.5. Market size and forecast, by country
6.3.6. Russia
6.3.6.1. Market size and forecast, by Environment
6.3.6.2. Market size and forecast, by fish type
6.3.7. Norway
6.3.7.1. Market size and forecast, by Environment
6.3.7.2. Market size and forecast, by fish type
6.3.8. Iceland
6.3.8.1. Market size and forecast, by Environment
6.3.8.2. Market size and forecast, by fish type
6.3.9. Rest of Europe
6.3.9.1. Market size and forecast, by Environment
6.3.9.2. Market size and forecast, by fish type
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors, opportunities, and PESTLE analysis
6.4.2. Market size and forecast, by Environment
6.4.3. Market size and forecast, by fish type
6.4.4. Market size and forecast, by fish type
6.4.5. Market size and forecast, by country
6.4.6. China
6.4.6.1. Market size and forecast, by Environment
6.4.6.2. Market size and forecast, by fish type
6.4.7. Philippines
6.4.7.1. Market size and forecast, by Environment
6.4.7.2. Market size and forecast, by fish type
6.4.8. Japan
6.4.8.1. Market size and forecast, by Environment
6.4.8.2. Market size and forecast, by fish type
6.4.9. Indonesia
6.4.9.1. Market size and forecast, by Environment
6.4.9.2. Market size and forecast, by fish type
6.4.10. Vietnam
6.4.10.1. Market size and forecast, by Environment
6.4.10.2. Market size and forecast, by fish type
6.4.11. Australia
6.4.11.1. Market size and forecast, by Environment
6.4.11.2. Market size and forecast, by fish type
6.4.12. Rest of Asia-Pacific
6.4.12.1. Market size and forecast, by Environment
6.4.12.2. Market size and forecast, by fish type
6.5. LAMEA
6.5.1. Key market trends, growth factors, opportunities, and PESTLE analysis
6.5.2. Market size and forecast, by Environment
6.5.3. Market size and forecast, by fish type
6.5.4. Market size and forecast, by fish type
6.5.5. Market size and forecast, by country
6.5.6. Latin America
6.5.6.1. Market size and forecast, by Environment
6.5.6.2. Market size and forecast, by fish type
6.5.7. Middle East
6.5.7.1. Market size and forecast, by ENVIRONMENT
6.5.7.2. Market size and forecast, by fish type
6.5.8. Africa
6.5.8.1. Market size and forecast, by Environment
6.5.8.2. Market size and forecast, by fish type

Chapter: 7: COMPANY PROFILES
7.1. Alpha Group Ltd.
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Product portfolio
7.1.4. Key strategic moves and developments
7.2. Fish Farming Technologies Asia Limited
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Product portfolio
7.3. Cermaq Group AS (Mitsubishi Corporation)
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.4. Cooke Fish Farming
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Key strategic moves and developments
7.5. Leroy Seafood Group ASA (Leroy)
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.5.6. Key strategic moves and developments
7.6. Marine Harvest ASA (Marine)
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments
7.7. Nippon Suisan Kaisha, Ltd.
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.7.6. Key strategic moves and developments
7.8. P/F Bakkafrost (Bakkafrost)
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves and developments
7.9. Tassal Group Limited (Tassal)
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Product portfolio
7.9.4. Business performance
7.9.5. Key strategic moves and developments
7.10. Thai Union Group PLC (Thai Union)
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Business performance
7.10.6. Key strategic moves and developments
Note: Product cover images may vary from those shown
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According to this report titled 'Global Fish Farming Market by Environment, Fish Type, Distribution Channel, and Region: Global Opportunity Analysis and Industry Forecast, 2018 - 2025' the global fish farming market size was valued at $257,936 million in 2017, and is expected to reach $376,485 million by 2025, growing at a CAGR of 4.77% from 2018 to 2025. The others segment consists of carps, mackerels, sea bream, and trout is expected to retain its dominant position, in terms of revenue generation, throughout the forecast period.

Asia-Pacific held the leading position in the global fish farming market in 2017 and is expected to maintain its dominance in the future. The fin fish segment is expected to retain its dominant position, in terms of revenue generation, throughout the forecast period.

Currently, fish farming is an absolute necessity to meet the food demand and supply. This industry provides high-quality and disease-free fishes by rearing fishes in an environment that meets the hygiene standards. In addition, fish farming activity is utilized to conserve the species on the verge of extinction.

The global fish farming market is projected to witness significant growth during the forecast period, owing to increased health awareness among consumers about the intake of balanced nutrient quantities. In addition, rise in government rules and regulations in different countries that promote fish farming to meet the growth in demand to cope with food insecurities is expected to boost the fish farming market size. However, increase in water pollution and changes in climatic conditions hamper the fish farming market growth. Moreover, fish farming production is vulnerable to adverse impacts of diseases such as koi herpesvirus a viral disease that hamper the fish production. Disease outbreaks in recent years have affected farmed Atlantic salmon in Chile, and in several countries in Asia, South America, and Africa, resulting in partial or total loss of production, which restrained the of market growth.

The report segments the market on the basis of environment, fish type, and region. The environment segment includes freshwater, marine water, and brackish water. On the basis of fish type, the market is divided into fin fish and others. Region wise, it is analyzed across North America (U.S., Mexico, and Canada), Europe (Russia, Norway, Iceland, and rest of Europe), Asia-Pacific (China, Philippine, Japan, Indonesia, Vietnam, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Freshwater was the highest revenue generator, and is expected to witness highest CAGR of 4.74% during the forecast period, followed by marine water segment at 4.89%.

Among all the types of fishes, the other segment that includes carps mackerels, sea bream, and trout generated maximum revenue in 2017. Carps, belonging to the Cyprinidae family, is an extremely large group of fish that is native to Asia and Europe. The hardiness and adaptability of carps have encouraged the domestication of this species globally. They are being considered as highly prized coarse fish that are difficult to hook.

Others segment comprises mollusks, crustaceans, crabs, octopus, prawns & seals, dolphins, and turtles as well as a diverse group of aquatic animals that dwell in oceans and in freshwater. Seals, dolphins, and turtles are widely reared using fish farming techniques, owing to their high commercial and nutritional values. However, disturbance in natural habitat is causing an adverse effect on these species. Thus, use of recirculating aquaculture technology in an efficient way to increase their population and government regulations promoting conservation of this species are some factors driving this segment.

LAMEA was the second largest market in terms of revenue generation, with almost one-fourth share in 2017, and is expected to register a CAGR of 4.55% during the forecast period. In North America, fish farming has ceased expanding in recent years, however, in South America it has shown strong and continuous growth, particularly in Brazil and Peru. This is attributed to technological developments in South America. Moreover, rapid development in the Middle East, in terms of infrastructure and technology, drives the growth of the LAMEA fish farming market. However, weak economies in Africa hamper the spending of consumers, which in turn limits the growth of the market.

Key Findings of the Fish Farming Market:

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.
Based on environment, the fresh water segment occupied around 61.8% of fish farming market share of the total market in 2017.
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.
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.
The tilapia fish segment is expected to witness significant growth of 4.62%, in terms of revenue, during the fish farming market forecast period.

Major players in the industry have adopted strategies such as acquisition, partnership & agreement, merger, and geographical expansion, to expand their market share and increase profitability. The key player in the fish farming industry are 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.
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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