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. 

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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Fish Farming Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2023

-Historical Period: 2019 to 2022

-Forecast Period: 2024 to 2030

• 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)
• By Region
  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, 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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