Scope of the Study
Growing awareness about protein produces will help to boost global finfish market. Finfish refers to bony fish such as a salmon. Finfish also includes cartilaginous fish, such as a shark, particularly in contrast to a shellfish or other aquatic animal. The global market is projected to witness significant growth during the forecast period, owing to advanced technology develops the yield of finfish, upsurge in government rules and regulations in different nations that encourage fish farming. Finfish are cultivated in three types of environment, such as freshwater, brackish, and marine water.
The market study is being classified, by Application (Food and Non-Food) and major geographies with country level break-up. According to AMA, the Global Fin Fish market is expected to see growth rate of 4.5%
Alpha Group Ltd. (Kenya), Aquaculture Technologies Asia Limited (Hong Kong), Cermaq Group AS (Norway), Cooke Aquaculture (Canada), Leroy Seafood Group ASA (Norway), Marine Harvest ASA (Norway), Nippon Suisan Kaisha, Ltd. (Japan), P/F Bakkafrost (Denmark), Tassal Group Limited (Australia) and Thai Union Group PLC. (Thailand) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Empresas AquaChile S.A. (Chile) and Beijing Princess Seafood International Trading (China).
Research Analyst at AMA predicts that Norway Vendors will contribute to the maximum growth of Global Fin Fish market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Fin Fish market by Type, Application and Region.
On the basis of geography, the market of Fin Fish has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Fin Fish market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Environment, the sub-segment i.e. Freshwater will boost the Fin Fish market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fish, the sub-segment i.e. Pompano will boost the Fin Fish market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Changing Consumer Preference towards Protein Products
- Growing Technological Revolution in Fishing Equipment
- Rising Government Supports For Fish Farming and Aquaculture
- High Demand Due To Intensive Salmon Farming Using Open-Net Cages
- Increase in the Temperature
- Advancement in Inland Fishing and Use of More Sustainable Technology In Aquaculture
- Hug Demand Due To Innovations in Breeding Processes
- The Upsurge in Use of Technologically In Modern Fishing and Fish Farming
- Growing Concern about Water Pollution
Market Leaders and their expansionary development strategies
On 19th March 2019, Cooke Inc. a New Brunswick company and parent of Cooke Aquaculture Inc., has acquired All Seas Wholesale, Inc. of California, a distributor of up to forty species of fresh seafood, live shellfish, and frozen seafood products.
The Food and Drug Administration (FDA) is adopting final regulations to ensure the safe and sanitary processing of fish and fishery products (hereinafter referred to as seafood), including imported seafood. The regulations mandate the application of Hazard Analysis Critical Control Point (HACCP) principles to the processing of seafood. HACCP is a preventive system of hazard control that can be used by processors to ensure the safety of their products to consumers. FDA is issuing these regulations because a system of preventive controls is the most effective and efficient way to ensure that these products are safe.
Key Target AudienceSeafood Producers/ Processors, Commercial Research & Development (R&D) Institutions, Associations and Industrial Bodies, Hotels and Restaurants, Retailers, Supermarket, and Hypermarket, Traders, Exporters, and Importers, Government Regulatory Bodies, Government and Private Research Institutes and Others
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase