Driven by increasing health awareness and technological advancements.
โ Allied Market Research
WILMINGTON,NEW CASTLE, DELAWARE, UNITED STATES, June 28, 2024 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, “Fin Fish Market by Fish Type, Environment, and Region: Global Opportunity Analysis and Industry Forecast, 08 – 05,”The global fin fish market size was valued at $6,86 million in 07, and is expected to reach $8,50 million by 05, growing at a CAGR of .5% from 08 to 05. The others segment consist of carps, mackerels, sea bream, and trout is expected to retain its dominant position, in terms of revenue generation, throughout the forecast period.
๐ ๐๐๐ญ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ
๐๐ฑ๐๐ข๐ญ๐ข๐ง๐ ๐๐๐๐๐ซ ๐๐ฅ๐๐ซ๐ญ! ๐ ๐๐๐ญ ๐ ๐๐๐ฌ๐ฌ๐ข๐ฏ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐๐จ๐ฎ๐ซ ๐๐๐ฑ๐ญ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐! ๐๐ฎ๐ฒ ๐ง๐จ๐ฐ ๐๐ง๐ ๐ญ๐๐ค๐ ๐๐๐ฏ๐๐ง๐ญ๐๐ ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ฅ๐ข๐ฆ๐ข๐ญ๐๐-๐ญ๐ข๐ฆ๐ ๐จ๐๐๐๐ซ. ๐๏ธ
Asia-Pacific held the leading position in the global fin fish market in 07, and is expected to maintain its dominance in the future. The carps segment is expected to retain its dominant position, in terms of revenue generation, throughout the forecast period. Asia-Pacific held the leading position in the global market in 07, and is expected to maintain its dominance in the future as well.
Currently, fin fish is an absolute necessity to meet the food demand and supply. This industry provides high-quality and disease-free fish by rearing fish in an environment that meets the hygiene standards. Fin fish activity is also utilized by industries to conserve the species on the verge of extinction. Moreover, advanced technology enhances the yield of fin fish. The global market is projected to witness significant growth during the forecast period, owing to increased health awareness among consumers about the intake of balanced nutrient quantities. In addition, rise in government rules and regulations in different countries that promote fish farming to meet the growth in demand to cope with food insecurities is expected to further boost the market growth. However, increase in water pollution and changes in climatic conditions hamper the fin fish market growth. Moreover, fin fish production is vulnerable to adverse impacts of disease and environmental conditions. Disease outbreaks in recent years have affected farmed Atlantic salmon in Chile, and in several countries in Asia, South America and Africa, resulting in partial or sometimes total loss of production.
Fresh water was the highest revenue-generating segment, accounting for a major share in 07 in Fin Fish Market. Fresh water segment is expected to witness highest growth of .5% during the forecast period, followed by marine water segment at .7%.
Among all the types of fish, the other segment that includes carps mackerels, sea bream, and trout generated maximum revenue in 07. Carps, belonging to the Cyprinidae family, is a very large group of fish that is native to Asia and Europe. The hardiness and adaptability of carps has encouraged the domestication of this species globally. They are being considered as highly prized coarse fish that are difficult to hook.
๐ ๐๐๐ค๐ ๐ ๐๐ข๐ซ๐๐๐ญ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐
LAMEA was the second largest market in terms of revenue generation, with almost one-fourth share in 07. This region is further expected to expand at a CAGR of .6% during the forecast period. In North America, fin fish has ceased expanding in recent years, however, in South America it has shown strong and continuous growth, particularly in Brazil and Peru. Technological developments in South America and some countries in South Africa are expected to increase the Fin Fish market growth in LAMEA. Moreover, rapid development in the Middle East, in terms of infrastructure and technology result in growth in the LAMEA market. However, weak economies in Africa hamper the growth of the market in this region.
Fin fish, commonly referred to simply as “fish,” are aquatic vertebrates that possess fins and gills. They are a significant source of nutrition and are harvested for consumption, aquaculture, and recreational fishing. Fin fish are categorized into various groups based on their habitat and biological characteristics.
๐๐๐ฒ๐ฉ๐๐ฌ ๐จ๐ ๐ ๐ข๐ง ๐ ๐ข๐ฌ๐ก:
โก๐
๐ซ๐๐ฌ๐ก๐ฐ๐๐ญ๐๐ซ ๐
๐ข๐ฌ๐ก:
– Inhabit rivers, lakes, and ponds.
– Examples: Salmon, Trout, Catfish, Bass, Tilapia.
โก๐๐๐ฅ๐ญ๐ฐ๐๐ญ๐๐ซ ๐
๐ข๐ฌ๐ก:
– Live in oceans and seas.
– Examples: Tuna, Cod, Mackerel, Snapper, Halibut.
โก๐๐ง๐๐๐ซ๐จ๐ฆ๐จ๐ฎ๐ฌ ๐
๐ข๐ฌ๐ก:
– Spend most of their lives in saltwater but migrate to freshwater to spawn.
โก๐๐๐ญ๐๐๐ซ๐จ๐ฆ๐จ๐ฎ๐ฌ ๐
๐ข๐ฌ๐ก:
– Live in freshwater but migrate to the ocean to spawn.
– Examples: Eels.
๐๐๐ฎ๐ญ๐ซ๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ง๐๐๐ข๐ญ๐ฌ ๐จ๐ ๐ ๐ข๐ง ๐ ๐ข๐ฌ๐ก:
โก๐๐ข๐ ๐ก-๐๐ฎ๐๐ฅ๐ข๐ญ๐ฒ ๐๐ซ๐จ๐ญ๐๐ข๐ง:
– Rich source of complete protein, containing all essential amino acids.
โก๐๐ฆ๐๐ ๐- ๐
๐๐ญ๐ญ๐ฒ ๐๐๐ข๐๐ฌ:
– Fatty fish like salmon, mackerel, and sardines are high in omega- fatty acids, which are beneficial for heart health and brain function.
โก๐๐ข๐ญ๐๐ฆ๐ข๐ง๐ฌ ๐๐ง๐ ๐๐ข๐ง๐๐ซ๐๐ฅ๐ฌ:
– Good source of vitamins D and B (riboflavin), calcium, phosphorus, iron, zinc, iodine, magnesium, and potassium.
๐๐๐๐๐ฅ๐ญ๐ก ๐๐๐ง๐๐๐ข๐ญ๐ฌ:
โก๐๐๐ซ๐๐ข๐จ๐ฏ๐๐ฌ๐๐ฎ๐ฅ๐๐ซ ๐๐๐๐ฅ๐ญ๐ก:
– Regular consumption of fish, particularly those high in omega- fatty acids, is associated with a reduced risk of heart disease, stroke, and high blood pressure.
โก๐๐ซ๐๐ข๐ง ๐๐๐๐ฅ๐ญ๐ก:
– Omega- fatty acids in fish support cognitive function and may reduce the risk of neurodegenerative diseases.
โก๐๐จ๐ง๐ ๐๐๐๐ฅ๐ญ๐ก:
– Fish provides calcium and vitamin D, essential for maintaining strong bones.
โก๐๐ง๐ญ๐ข-๐๐ง๐๐ฅ๐๐ฆ๐ฆ๐๐ญ๐จ๐ซ๐ฒ ๐๐ซ๐จ๐ฉ๐๐ซ๐ญ๐ข๐๐ฌ:
– Omega- fatty acids help reduce inflammation, which is beneficial for conditions like arthritis.
๐๐๐ง๐ฏ๐ข๐ซ๐จ๐ง๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ง๐ ๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐จ๐ง๐ฌ๐ข๐๐๐ซ๐๐ญ๐ข๐จ๐ง๐ฌ:
โก๐๐ฏ๐๐ซ๐๐ข๐ฌ๐ก๐ข๐ง๐ :
– Overfishing is a significant concern, leading to the depletion of fish populations and disruption of marine ecosystems.
โก๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ฅ๐ ๐
๐ข๐ฌ๐ก๐ข๐ง๐ ๐๐ซ๐๐๐ญ๐ข๐๐๐ฌ:
– Sustainable practices include quotas, protected areas, and selective fishing gear to minimize bycatch.
โก๐๐ช๐ฎ๐๐๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐:
– Fish farming (aquaculture) is increasingly used to meet the demand for fish. Sustainable aquaculture practices aim to reduce environmental impact and ensure fish welfare.
๐๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
โก๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐๐ฆ๐๐ง๐:
– Global demand for fish is rising due to growing awareness of its health benefits and the popularity of seafood cuisines.
โก๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐๐ฏ๐๐ง๐๐๐ฌ ๐ข๐ง ๐๐ช๐ฎ๐๐๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐:
– Innovations in aquaculture technology are improving the efficiency and sustainability of fish farming.
โก๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ ๐๐ซ๐๐๐๐ซ๐๐ง๐๐ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ฅ๐ ๐๐๐๐๐จ๐จ๐:
– There is a growing preference for sustainably sourced seafood, with consumers looking for certifications like MSC (Marine Stewardship Council) and ASC (Aquaculture Stewardship Council).
โก๐๐๐ฅ๐ฎ๐-๐๐๐๐๐ ๐
๐ข๐ฌ๐ก ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ:
– The market for value-added fish products, such as ready-to-eat meals, marinated fillets, and fish snacks, is expanding.
๐๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ:
โก๐๐ฅ๐ข๐ฆ๐๐ญ๐ ๐๐ก๐๐ง๐ ๐:
– Changes in sea temperature and acidification affect fish habitats and migration patterns.
โก๐๐ข๐ฌ๐๐๐ฌ๐ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐ข๐ง ๐๐ช๐ฎ๐๐๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐:
– Preventing and managing diseases in farmed fish is crucial for maintaining healthy stocks.
โก๐๐จ๐ฅ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐๐๐ข๐ญ๐๐ญ ๐๐๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง:
– Pollution and habitat destruction, such as coral reef damage, threaten fish populations.
Fin fish are a vital part of the global diet and economy, providing essential nutrients and supporting livelihoods. Sustainable fishing and aquaculture practices are crucial to ensuring the long-term availability of these resources. Advances in technology and a focus on sustainability are key to addressing the challenges faced by the fin fish industry. If you need more specific information or data on fin fish, feel free to ask!
๐๐๐๐ฒ ๐๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ ๐ข๐ง ๐ ๐ข๐ฌ๐ก ๐๐๐ซ๐ค๐๐ญ:
โ Asia-Pacific is expected to continue to lead the global market, growing at the highest CAGR of .68%, in terms of revenue, from 08 to 05.
โ Based on environment, the fresh water segment occupied around 60.0% of fin fish market share of the total market in 07.
โ Based on fish type, the others segment that includes craps mackerels, sea bream, and trout occupied a major share of the global market in 07, in terms of revenue followed by salmon.
โ China is the largest country, in terms of revenue, in the global market, and is expected to grow at a CAGR of 5.% from 08 to 05.
โ Tilapia fish type is expected to witness significant growth of .6%, in terms of revenue, in the fin fish market forecast period.
Major players in the industry have adopted strategies such as acquisition, partnership & agreement, merger, and geographical expansion, to expand their market share and increase profitability.
๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐
๐๐๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ ๐ข๐ง ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐:
. Cermaq Group AS (Mitsubishi Corporation)
. Cooke Fin Fish Inc.
. Grupo Farallon Fin Fish
. Leroy Seafood Group
. Marine Harvest ASA
. P/F Bakkafrost
. Selonda Fin Fish S.A.
. Stolt Sea Farm
. Tassal Group Limited
. Thai Union Group Public Company Limited
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.Fin Fish Market
David Correa
Allied Market Research
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Article originally published on www.einpresswire.com as Fin Fish Market to Reach $8.50 Billion by 2025, Says Allied Market Research