Fin Fish Market Growth Report 2022-2027: Industry Size, Share, Trends And Forecast

 The global fin fish market size reached US$ 176.78 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 233.8 Billion by 2027 exhibiting a growth rate (CAGR) of 4.60% during 2022-2027.

Covid-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.

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


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Fin Fish Market Trends and Drivers: 

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.

Fin Fish Market Report Scope

Report CoverageDetails
Market size value in 2021US$ 176.78 Billion
Market forecast in 2027US$ 233.8 Billion
Growth RateCAGR of 4.60% from 2022 to 2027
Base year for estimation2021
Historical data2016-2021
Forecast period2022-2027
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments coveredFish Type, Environment and Distribution Channel
Regional scopeNorth America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Key companies profiledBlue 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.).
Market DynamicsParent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization previewIf our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

By Geography:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

List of Major Key Players:

The major players in the market are

  • ABB Ltd., Aspen Technology Inc.
  • Azbil Corporation
  • Emerson Electric Co.
  • FLSmidth & Co. A/S
  • General Electric Company
  • Honeywell International Inc.
  • Onto Innovation
  • Panasonic Corporation
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
  • Yokogawa Electric Corporation.

Click here to view detailed information with table of content: https://www.imarcgroup.com/fin-fish-market

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse Other Related Report: 

Omega 3 Ingredients Market Size: https://www.imarcgroup.com/omega-3-ingredients-market

Animal Nutrition Chemicals Market Share: https://www.imarcgroup.com/animal-nutrition-chemicals-market

Packaged Food Market Forecast: https://www.imarcgroup.com/packaged-food-market

Donkey Milk Market Report 2022-2027: https://www.imarcgroup.com/donkey-milk-market

Emergency Food Market Analysis: https://www.imarcgroup.com/emergency-food-market

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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