Fin Fish Market Size, Share, opportunity, Geographic Scope And Forecast 2023-2028

IMARC Group has recently released a new research study “Fin Fish Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

At 4.3% CAGR, Global Fin Fish Market Size & Share to Surpass US$ 242.4 Billion by 2028 | Industry Trends, Growth, Share, Opportunities, Statistics, Analysis & Forecast Report by IMARC

Covied-19 Impact

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Fin Fish Market Overview

A fin fish represents a species of cartilaginous fish characterized by bony spines or rays protruding from the body. It is a rich source of phosphorus, calcium, and other minerals, such as iron, zinc, iodine, magnesium, potassium, etc. Some of the commonly available variants include snappers, milkfish, pompano, seabass, catfish, groupers, tilapia, sea bass, etc. Their production involves regular stocking, feeding, conservation of aquatic life, etc.

In line with this, they also assist in improving cardiovascular health, eyesight, brain function, and skin, preventing oxidative stress to the thyroid gland, repairing damaged tissues, etc. A fin fish is cultivated in three types of environments, such as marine water, brackish, and freshwater.

Major Market Trends in the Fin Fish Market

The widespread product adoption for preparing several dishes, such as sandwiches, rice dishes, pasta, etc., is primarily driving the fin fish market. Additionally, the growing consumer health consciousness and the escalating demand for a protein-rich diet are further catalyzing the market growth.

Besides this, numerous technological advancements in fishing equipment that aid in minimizing the complexities in aquafarming are acting as significant growth-inducing factors.

Moreover, the rising utilization of various types of fin fish, including salmon, tuna, mackerel, etc., in ready-to-eat (RTE) meals is positively influencing the global market. Apart from this, the increasing popularity of seafood cuisines and the inflating per capita income levels of individuals are anticipated to fuel the fin fish market over the forecasted period.

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Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Fish Type:

Tropical Fin Fish

Pompano

Snappers

Groupers

Salmon

Milkfish

Tuna

Tilapia

Catfish

Seabass

Others

Breakup by Environment:

Freshwater

Marine Water

Brackish Water

Breakup by Distribution Channel:

Supermarkets and Hypermarkets

Convenience Stores

Specialty Stores

Online Stores

Others 

Regional Insights:

Asia Pacific

North America

Europe

Middle East and Africa

Latin America

On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Blue Ridge Aquaculture Inc., Cermaq Group AS (Mitsubishi Corporation), Eastern Fish Company, Leroy Seafood Group ASA (Austevoll Seafood ASA), Mowi ASA, P/F Bakkafrost, Stehr Group Pty Ltd., Tassal Group Limited, Thai Union Group PCL and Wanchese Fish Company (Cooke Inc.).

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