Global Fish Farming market - MarkNtel

1. Global Fish Farming Market Research Report: Forecast (2024-2030) • GET SAMPLE REPORT • MARKNTEL ADVISORS

2. Company Overviews • MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others. We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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4. Market Insights 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. The rising consumption of fish, increasing launches of seafood-specialized restaurants, extensive utilization of fish in the pharmaceutical & cosmetic industry, and growing trade volumes of the wide variety of marine creatures are positively influencing the market growth.

5. Market Drivers 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.

6. Market Segments Global Fish Farming Market Report - By Method Type (Extensive Fish Farming, Intensive Fish Farming), By Fish Type (Catfish, Tilapia, Sardines, Salmon, Trout, Tuna, Others (Sea Bass, Eel, etc.)), By Environment (Brackish Water, Freshwater, Marine Water), and Others

7. Top Companies 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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10. MarkNtel Advisors Target Geographies- Focus Areas • MarkNtel has strategically defined its target areas which are based on evaluation by its analysts after analysing the growth potential of various regions. Few of those parameters include: • -Political, Economic, Social, Technological and Environmental Analysis • -Credit Ratings provided by leading institutions • -GDP projections by bodies such as the World Bank, IMF, OECD, etc. • -Market Disruptions and the “Next Big Things”

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