MarkNtel Advisors has recently published a research report that delves into the Global Fish Farming Market Research Report: Forecast (2024-2030). This report aims to improve user comprehension and facilitate informed decision-making by thoroughly examining significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges. Utilizing both qualitative and quantitative data, the report provides a comprehensive overview, offering detailed growth prospects and succinct insights into competitors to familiarize both established businesses and newcomers with the current market scenario.
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Fish Farming Market Insight and Analysis:
The Global Fish Farming Market size is valued at USD 320 billion in 2023 and is expected to reach USD 552 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.59% during the forecast period, i.e., 2024-30
Global Fish Farming Market Driver:
Increasing Usage of Fishes in Cosmetic & Pharmaceutical Applications – In recent years, the pharmaceutical & cosmetic industries have recognized the importance of fishes to develop several medicines & beauty products. Based on several researches, it is found and validated that the fishes provide essential nutrients when combined with other ingredients of medicinal drugs & cosmetic products like lotions & beauty creams. Therefore, the top companies are necessarily utilizing the fish, its oil, and skin to develop their products. This is amplifying the demand for a wide range of fish and thus highlighting the importance of fish farming across the globe.
Additionally, both pharma & cosmetic companies are actively working on developing a new & innovative range of products. As a result, they are increasingly conducting clinical trials. As of 2023, more than 4,52,604 clinical trials were registered worldwide as per the government organization. During the clinical trials, fish are extensively utilized to test the efficacy of the products. Thus, the increasing R&D within the pharma & cosmetic industry would continue to raise the demand for fish, enhancing the Global Fish Farming market size.
Fish Farming Industry Segmentation:
-By Method Type
-Extensive Fish Farming- Market Size & Forecast 2019-2030F, (USD Million)
-Intensive Fish Farming- Market Size & Forecast 2019-2030F, (USD Million)
– By Fish Type
-Catfish- Market Size & Forecast 2019-2030F, (USD Million)
-Tilapia- Market Size & Forecast 2019-2030F, (USD Million)
-Sardines- Market Size & Forecast 2019-2030F, (USD Million)
-Salmon- Market Size & Forecast 2019-2030F, (USD Million)
-Trout- Market Size & Forecast 2019-2030F, (USD Million)
-Tuna- Market Size & Forecast 2019-2030F, (USD Million)
-Others (Sea Bass, Eel, etc.)- Market Size & Forecast 2019-2030F, (USD Million)
-By Environment
-Brackish Water- Market Size & Forecast 2019-2030F, (USD Million)
-Freshwater- Market Size & Forecast 2019-2030F, (USD Million)
-Marine Water- Market Size & Forecast 2019-2030F, (USD Million)
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Geographically Analysis:
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
A thorough examination of the competitive landscape of the market involves a comprehensive analysis of its key competitors. This analysis delves deep into each company’s profile, financial achievements, market presence, potential, Research and Development (R&D) expenditures, recent strategic initiatives in the market, footprint, strengths, weaknesses, and market dominance. The information provided offers a comprehensive overview of the leading market players, including Bakkafrost, SalMar ASA, Thai Union Group PCL, Cermaq Group AS, Cooke Aquaculture, Leroy Seafood Group ASA, Mowi ASA, Maruha Nichiro Corporation, Tassal Group Limited, Nireus, Stolt Sea Farm, Huon Aqua, Stehr Group, BlueNalu, SalmonChile, AJD Tuna Limited, and Others.
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