Fish Pumps Market Size, Share, Analysis, Trends, Growth Report, 2030

Fish Pumps Industry Prospective:

The global fish pumps market size was worth around USD 130 million in 2022 and is predicted to grow to around USD 242 million by 2030 with a compound annual growth rate (CAGR) of roughly 8.1% between 2023 and 2030.       

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Fish Pumps Market: Overview

A fish pump is a pump used for fish-filled flowing water. A fish pump is used in processing facilities to capture fish, remove fish from fishing gear, and transport fish hydraulically. Centrifugal pumps are the most often utilized pumps for capturing fish. The least harmful fish pumps are hydropneumatics ones since they don't have any moving parts. Water-jet pumps work well for huge fish. A fish pump has a lift height of up to 7 meters and can handle 50 tons or more per hour. Typically, 10–30% of the water-fish combination is made up of fish. Fish pumps are not as effective as other fishing equipment; thus, they are typically used in conjunction with other fish-attracting methods like light and electric current. Fish gathered in purse seines, trap nets, and trawls are delivered to capturing and transport vessels using pumps. Fish are removed from beach seines that are towed toward the coast using fish pumps mounted on tractors.

Key Insights

• As per the analysis shared by our research analyst, the global Fish Pumps market is estimated to grow annually at a CAGR of around 8.1% over the forecast period (2023-2030).
• In terms of revenue, the global Fish Pumps market size was valued at around USD 130 million in 2022 and is projected to reach USD 242 million, by 2030.
• The market for Fish Pumps is expanding as a result of the increasing aquaculture industry.
• Based on the size, the 2.5” Pumps segment is expected to hold a significant market share over the forecast period.
• Based on the application, the aquaculture segment is expected to dominate the market over the forecast period.
• Based on region, the Asia Pacific is expected to dominate the market during the forecast period.

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Fish Pumps Market: Growth Drivers

Growth of aquaculture drives market growth

To fulfill the growing demand for fish, the worldwide aquaculture sector has seen significant expansion. Traditional wild fisheries are struggling to remain sustainable, thus aquaculture has taken over as the main method of producing fish and seafood. Within aquaculture facilities, fish pumps are essential for moving fish, allowing for larger stocking densities and more effective operations. For instance, according to a survey by the US Department of Commerce and International Trade Administration, the aquaculture business is expected to expand quickly since there is a growing global preference for seafood over meat. Between 70 and 85 percent of the seafood consumed in the United States is imported, and more than half of this seafood is thought to have been generated through foreign aquaculture. Our country's seafood trade imbalance reached $17 billion in 2020, largely due to imports. Thus, the aforementioned stats drive the global fish pump market growth during the forecast period.

Fish Pumps Market: Restraints

Cavitation's impact on commercial pumps hampers the market growth

The process of creating a vapor phase in a liquid while maintaining constant ambient temperature is known as cavitation. When these bubbles, flakes, and minute particles of metal from impeller surfaces are imposed, they generate low-frequency vibration and noise, which significantly damages these fish pumps. If cavitation occurs, this formation and collapse happen quickly and abruptly. Sales are decreased and replacement expenses are increased as a result of the pumps' decreased performance. Processing lines that are disrupted or improperly carried out face the danger of reducing suction or discharge pressure, which leads to cavitation. The growth of the fish pumps industry may thus be constrained by cavitation and dry-run issues.

Fish Pumps Market: Opportunities

Growing product launch offers an attractive opportunity for market growth

The growing product launch is expected to offer a lucrative opportunity for fish pumps market growth during the forecast period. For instance, in January 2023, the 10-inch fish pump, the Pescamotion 50, is now offered by French aquaculture equipment specialist Faivre. The new pump is perfect for supplying a high-capacity grader or moving fish to a tank or a truck because of its robust performance and 10m TDH (total dynamic head). The Pescamotion 50 can pump at large capacities and handle salmonids up to 3 kg in weight. The Pescamotion 50 meets all pumping demands with minimal maintenance costs provided by a belt drive system, an automated priming system, and an optional remote control. Therefore, this type of product launch is expected to offer a lucrative opportunity for market expansion.

Fish Pumps Market: Challenges

The increasing trend of vegan diets poses a challenge to market growth

As awareness of climate change and animal suffering increases, more individuals are making environmentally friendly decisions. As more individuals become aware of the health benefits of following a vegetarian or vegan diet, there is an increase in demand for food manufactured from plants. This understanding is especially evident in industrialized nations like North America and Europe, where individuals consume more vegetarian cuisine in their daily meals. The desire for vegetarian and vegan food among consumers has been seen in other regions as well, including Asia Pacific, where it is projected that it will increase as a consequence of consumers' concerns for their health and the environment.

Fish Pumps Market: Segmentation

The global Fish Pumps industry is segmented based on size, mode of operation, application, and region.

Based on the size, the global market is bifurcated into 2.5” Pumps, 4” Pumps, 6” Pumps, 8” Pumps, 10” Pumps, 12” Pumps and 14” Pumps. The 2.5” Pumps segment is expected to hold a significant market share over the forecast period. These pumps are used to move small species of seafood. These tiny pumps are perfect for hatcheries. Aquaculture goods are bred and raised in hatcheries for at least a portion of their life cycle. For commercial aquaculture grow-out farms, aquarium commerce, and fish stocking programs, aquaculture hatcheries produce seed stock. For instance, FAIVRE (France) can handle fish up to 40g in weight. The pumps are portable and straightforward to operate. Fish aquaculture, which has evolved into the best alternative food source for many people, has improved fish output. 2.5" pumps thus acquire greater significance. The market for 2.5" Pumps is growing as a result of these factors.

Based on the mode of operation, the global Fish pump industry is bifurcated into manual and automatic.

Based on the application, the global Fish Pumps market is bifurcated into aquaculture and fishing. The aquaculture segment is expected to dominate the market over the forecast period. Rising seafood demand worldwide and expanding consumer knowledge of the advantages of seafood intake are both factors contributing to the market's rise. Technological advancements in aquaculture pumps are another element influencing this market's expansion. They are simpler to install and use less energy than water pumps. Thus, this is expected to drive the segment growth.

Fish Pumps Market: Report Scope

Fish Pumps Market: Regional Analysis

Asia Pacific is expected to dominate the market during the forecast period

The Asia Pacific is expected to dominate the global fish pumps market during the forecast period. Fish pumps are becoming more popular as the global middle class rises in nations like China, India, and Indonesia. The aquaculture sector in China has experienced remarkable growth in recent years, making it the world's top producer. The country's demand for fish pumps will be bolstered over the study period by rising seafood and related product demand as well as a stronger focus on boosting aquaculture productivity. For instance, according to the USDA Foreign Agriculture Service, China's seafood output in 2022 is estimated to be 67.5 MMT, up from 66.9 MMT the previous year. Aquaculture output is expected to reach 54.6 MMT, up from 53.9 MMT in 2021.

On the other hand, Europe is expected to grow significantly during the forecast period. Europe's aquaculture business has grown significantly, owing to rising consumer demand for seafood and the need for a sustainable food supply. Fish pumps have become indispensable instruments in European aquaculture operations, allowing for the efficient transportation of fish between tanks, ponds, and processing facilities. For instance, according to the European Commission, aquaculture farming in the EU produced an expected 1.1 million tonnes of aquatic creatures in 2020, accounting for one-fifth of total European fisheries production. This percentage was significantly lower than the worldwide average in 2020 (about 57%), highlighting the EU's growth potential. Thus, this is expected to drive the market growth in the region.

Fish Pumps Market: Competitive Analysis

The global Fish Pumps market is dominated by players like:

• Maskon
• Cflow
• Innovasea
• Faivre
• Acuinuga
• Marel
• Mjos Metallvarefabrikk As
• Sterner
• Smir
• Desmi
• Inventive Marine Products Limited
• Pg Flow Solutions
• Pentair AES
• MMC First Process

The global Fish Pumps market is segmented as follows:

By Size

• 2.5” Pumps
• 4” Pumps
• 6” Pumps
• 8” Pumps
• 10” Pumps
• 12” Pumps
• 14” Pumps

By Mode of Operation

• Manual
• Automatic

By Application

• Aquaculture
• Fishing

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa