Market Size in 2022 | Market Forecast in 2030 | Growth Rate | Base Year |
---|---|---|---|
USD 186.3 Billion | USD 245.2 Billion | CAGR of 4.92% | 2023 |
FrequentlyAsked Questions
A fin fish falls under the aquaculture market which deals with farming, breeding, rearing, and harvesting of fish, and other aquatic products such as plants and animals. Farming of aquatic species such as fin fish, carps, mollusks, crabs, and aquatic plants is known as fin fish farming or aqua farming.
Global demand for fin fish is expected to increase by a whopping 50% due to the growing affluence and populations, to feed the increasing demand for food sources. The rise in food demands, as a result, will fuel fish farming. Government initiatives are also seen to support the fin fish market that in turn will drive the growth.
According to the report by Zion Market Research, the size of the global fin fish was around USD 186.3 billion in 2022 and is estimated to grow to about USD 245.2 billion by 2030.
The global fin fish market is expected to grow at a CAGR of 4.92% during the forecast period 2023-2030.
Asia Pacific region is the current largest market in terms of fin fish. Mostly due to the high population, and cuisine culture that prioritized fisheries as a staple diet, this region is expected to stay dominant during the forecast period as well
Key players in the global fin fish market that are giving tough competition to newcomers are Cermaq Group AS, Marine Harvest ASA, Thai Union Group PLC, Tassal Group Limited, Fin Fish Technologies Asia Limited, Thai Union Group PLC, Leroy Seafood Group ASA, Blue Ridge Aquaculture Inc., Alpha Group Ltd., Cooke Aquaculture, Wanchese Fish Company, and Aquaculture Technologies Asia Limited.
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