Industry Overview of Fin Fish Market
Fin fish refers to a diverse group of aquatic vertebrates that possess fins and scales, distinguishing them from other aquatic organisms. It encompasses a wide array of species, ranging from freshwater varieties like trout, salmon, and catfish, to saltwater inhabitants such as tuna, cod, and snapper. Fin fish plays a crucial role in the global food industry, constituting a significant source of protein and essential nutrients for human consumption. It has substantial economic importance, supporting livelihoods for millions of people worldwide through commercial fishing, aquaculture, and related industries. Due to its high nutritional value and delectable taste, fin fish is a staple in various cuisines and gastronomic cultures around the world.
How Big Is the Fin Fish Market?
The global fin fish market size reached US$ 186.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 242.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
Fin Fish Market Trends and Drivers:
At present, the rising global population and subsequent increase in consumer demand for protein-rich food sources represents one of the key factors supporting the growth of the market. In line with this, commercial fishing and aquaculture operations are expanding to meet this growing appetite, leading to a rise in fish production volumes. Besides this, heightened health consciousness among consumers is propelling the preference for nutritious and lean sources of protein, making fin fish an appealing choice. Moreover, the recognition of the omega-3 fatty acids found abundantly in many fin fish species is bolstering their popularity, as these nutrients are associated with numerous health benefits. Furthermore, technological advancements in fishing techniques, fish handling, and storage practices are improving the efficiency of the supply chain, enabling the delivery of fresh and frozen fin fish products to distant markets.
Global Automotive Upholstery Market 2022-2028 Analysis and Segmentation:
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.).
The report has segmented the market based on region, component, enterprise size and industry.
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
Breakup by Region:
- 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