The report of fish farming market are by environment (freshwater, marine water, brackish water), by fish type (fin fish (pompano, snappers, groupers, salmon, milkfish, tuna, tilapia, sea bream, seabass, other), others (carps, mackerels, sea bream, trout)), by region (North America, Europe, Asia-Pacific, South America, Middle East & Africa).
Fin Fish is expected to hold the maximum market share in Fish Farming Market during the forecast period followed by salmon.
On the basis of fish type, fin fish was the dominating in the fish farming market, in 2017 owing to increase in consumption of mollusks in food with high nutritional value along with an increase in the use of luxury pearls extracted by mollusks across the regions. Moreover, the use of advance and new fishing techniques and innovative technologies in fish farming of mollusks is projected to drive the growth of the market. In addition, supportive and favourable government initiatives toward farming of fin fish species boost the demand for fish type in the global market.
Demanding salmon farming using open-net cages and techniques such as ranching are some major aspects, which are responsible to boost the growth of the overall market. Moreover, advancements in breeding processes as well as to increase in use of technologically modern fishing & fish farming techniques are some of the major factors projected to increase the overall production of milkfish during the forecast period.
Asia-Pacificis expected hold the maximum market share in Fish Farming Market during the forecast period:
In terms of Region, Asia-Pacific was the dominating market in 2017, and it is expected to maintain its dominance over the forecast period. On account of population growth, economic growth, and social factors such as traditional fish consumption patterns. Efficient fish farming technology such as intensive closed systems has helped in increasing profitability and is projected to further drive the market growth. This growth is primarily driven by rapid growth in fishing activities in countries such as Thailand, Japan, China, and India. China was the largest country in the Asia Pacific that accounted for above 58.0% shares of the entire market in 2017. Population growth, economic growth, and social factors such as traditional fish consumption patterns, are driving the market of fish farming companies in Asia-Pacific. The present level of efficient fish farming technology has helped in increasing the productivity and is expected to further lift the fish farming industry growth.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the fish farming market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global fish farming market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Fish Farming market positioning of competitors.
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