Global Freshwater Fish Market- Market Overview:

The global freshwater fish market is expected to grow from USD 222 billion in 2021 to USD 281 billion by 2029, at a CAGR of 3% during the Projection period 2022-2029. The growth of this market is mainly driven by the growing consumption of fish.

Fish are aquatic vertebrates with gills, however, they lack any limbs with digits like fingers or toes. They are also vertebrates. A vertebrate is any animal with a backbone running through its body. Most fish have bodies that are shaped to be as aerodynamic as possible. The phylum Chordata has over 34,000 different species of fish, which are vertebrate animals that live in fresh and salt water. There are numerous living species, ranging from the cartilaginous sharks, skates, and rays observed in contemporary oceans to the numerous and diverse bony fishes, to the jawless lampreys and hagfishes seen in ancient habitats. The market will be driven by the rising demand for and consumption of fresh fish products in both established and developing nations. The Food and Agriculture Organization (FAO) reports that the global food fish consumption has grown at a rate that is noticeably higher than the rate of population growth. Furthermore, throughout the course of the Projection period, the market is predicted to rise faster due to rising awareness of the health advantages of fresh fish, such as lowering the risk of chronic diseases and regulating hormone levels.

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Market Dynamics:

Drivers:                          

• Increasing Demand

The increased demand for and consumption of goods derived from fresh fish in both developed and developing nations will drive the market. According to data from the Food and Agriculture Organization (FAO), human fish consumption has grown more than twice as quickly as the world's population. The production of fish is rising quickly in developing nations like India and Indonesia, which is the main reason driving the business forward. Due to a number of causes, including increased disposable income levels among the general public and expanding urbanization, the market for fresh fish has been developing. Both have contributed to a rise in the consumption of protein-rich fish meals.

Restraints:                                             

• Government Regulations

The North and South provinces' fisheries policies place a strong emphasis on the "long-term preservation" and "responsible and reasonable exploitation" of fisheries resources. Professional and artisanal fishermen alike must have licenses because recreational fishing is regulated. A few maritime species have regulations on fishing methods, gear, size limits, and conservation measures. Additional control methods include gear restrictions, seasonal closures, region closures, and individual quotas. These rules are projected to restrict market expansion.

Opportunities:

• Health Advantage

Growing awareness about the health advantages of fresh fish, such as lowering the risk of chronic diseases and restoring hormone levels, is projected to offer substantial development prospects during the Projection period. It is one of the aspects that will fuel the market's expansion. Because people are becoming more interested in diets high in protein as alternatives to diets high in calories, demand in the industry is expanding more quickly. Protein included in fish meals is a low-fat, muscle-building source of protein. Additionally, the fish meal provides iron and a number of vitamins, including omega-3 fatty acids, which help the market grow.

Challenges:

• COVID-19 Impact

The COVID-19 outbreak disrupted logistics and temporarily halted the flow of fish food supplies. The COVID-19 restrictions impacted the supply chain for fish products. Due to the pandemic's restrictions and market closures, international trade, which is heavily dependent on these products, was severely harmed relatively early. The production of fresh fish that wasn't sold led to an increase in live fish stocks in aquaculture. Additionally, it has increased fish mortality risks and feeding expenses globally.

Segmentation Analysis:

The global freshwater fish market has been segmented based on product, form, distribution channel and region.

By Product

The product segment is Pelagic and Demersal. The pelagic segment led the largest share of the freshwater fish market with a market share of around 122% in 2021. Over the Projection period, the market will rise due to the rising consumer awareness of health benefits of fish food. Additionally, rising pelagic fish intake has dramatically decreased levels of protein and micronutrient deficiency, spurring the market's expansion. Additionally, this sector is expanding as a result of rising pelagic fish consumption and production in developing nations like China, Indonesia, and India, where prices are more competitive.

By Form

The form segment includes Fresh and Frozen. The frozen segment led the freshwater fish market with a market share of around 130% in 2021. Since eating fresh fish has several health benefits, including lowering the chance of developing chronic diseases, the industry has grown significantly. Additionally, customer preference for protein-rich fish food is greatly boosting category demand.

By Distribution Channel

The distribution channel segment includes Offline and Online. The offline segment led the freshwater fish market with a market share of around 144% in 2021. Fresh fish suppliers use the conventional retail channel to boost sales. Customers favour offline stores where they can physically see the items, foodstuffs, and fish food supplies before making a purchase. Additionally, the segment is likely to be driven by simple access to and searching for different fish products through retailers. As a result of the expanded distribution channel networks around the world, offline channels are anticipated to continue to dominate during the Projection period.

Global Freshwater Fish Market- Sales Analysis.

The sale of the freshwater fish market has been segmented based on product, form and distribution channel expanded at a CAGR of 1.7% from 2015 to 2021.

Improvements in the cold chain, transportation, and distribution channels, as well as a rise in global fish product output, have all fueled the consumption of fish products. The industry demand is also accelerating due to the growing preference for protein-rich diets over high-calorie foods. Fish food includes a low-fat source of protein, which is important for developing muscle, as well as iron and vitamins like omega-3 fatty acids, which stimulate the market's expansion.

Consumer demand for fish-based products has grown as a result of increased global fish product production as well as advancements in the cold chain, transportation, and distribution systems. The importance of international trade has, however, grown over the past several years as a result of increasing government support and advancements in the transportation system. To ensure the traceability and quality control of the goods from these farms, the Marine Products Export Development Authority (MPEDA) in India has started an initiative to create a GPS-based database of export-oriented aquaculture farms.

Thus, owing to the aforementioned factors, the global freshwater fish market is expected to grow at a CAGR of 3% during the Projection period from 2022 to 2029.

By Regional Analysis:

The regions analyzed for the freshwater fish market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North America region dominated the freshwater fish market and held a 39% share of the market revenue in 2021.

• The North American region witnessed a major share. The increasing demand for ecologically friendly products and the growing understanding of their beneficial impacts on health are driving market expansion in this region. Additionally, there is an increase in demand for products made from fish in the European region due to concerns about early skin ageing, bone health, and the prevalence of cardiovascular disorders. Additionally, it is predicted that the market would rise throughout the Projection period due to the increased demand for premium grade fish products due to their freshness, variety, and ease of use for food safety. It is anticipated that this demand will be the main market driver.
• Asia Pacific is anticipated to experience significant growth during the Projection period. Due to the increased demand for fish products that are high in protein, particularly in nations like China, India, and Indonesia. Fish food products are in more demand as a result of changing eating patterns and consumer preferences for a healthy lifestyle.

Global Freshwater Fish Market- Country Analysis:

• Germany

Germany's freshwater fish market size was valued at USD 2.29 billion in 2021 and is expected to reach USD 2.85 billion by 2029, at a CAGR of 2.8% from 2022 to 2029. The market expansion in this area is being driven by increased sustainability popularity and growing awareness of the health benefits. Furthermore, the increasing frequency of cardiovascular diseases and the growing concerns over premature skin aging, bone health, and other issues are driving up demand for fish products in Germany.

• China

China’s freshwater fish market size was valued at USD 1.7 billion in 2021 and is expected to reach USD 2.07 billion by 2029, at a CAGR of 2.5% from 2022 to 2029. The catches from inland fisheries reached a record high of 12.0 million tonnes in 2018, according to the FAO report 2020. Nearly half of all captures were from the top seven producing nations, with China generating 15% of the total, followed by Indonesia (7%), Peru (7%), and India (6%). However, the country's average fisherman's wage, which was USD 2,685 in 2018, was even lower than the industrial wage, which is restricting aquaculture's ability to become a mainstream industry in the nation. In addition to fish production, China is also by far the greatest fish consumer in the world, supported by rapidly increasing domestic income and wealth.

• India

India's freshwater fish market size was valued at USD 1.4 billion in 2021 and is expected to reach USD 1.66 billion by 2029, at a CAGR of 2.2% from 2022 to 2029. Consumer demand for fish-based products has grown as a result of increased global fish product production as well as advancements in the cold chain, transportation, and distribution systems. The importance of international trade has, however, grown over the past several years as a result of increasing government support and advancements in the transportation system. To ensure the traceability and quality control of the goods from these farms, the Marine Products Export Development Authority (MPEDA) in India has started an initiative to create a GPS-based database of export-oriented aquaculture farms.

Key Industry Players Analysis:  

To increase their market position in the global freshwater fish business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.

• Mowi
• Thai Union Group PCL
• Cermaq Group AS
• Huon Aqua
• Stolt Sea Farm
• Stehr Group
• Leigh Fisheries
• True World Foods
• Priory Fishery Ltd.

Latest Development:

• In November 2021, In order to construct an on-land salmon farm in Japan, Maruha Nichiro and Mitsubishi, which owns the salmon farming behemoth Cermaq, are forming a joint venture.
• In February 2022, Premium salmon brand Mowi debuted its organic lines on Ocado.

Report Metrics

Report Attribute	Details
Study Period	2021-2029
Base year	2021
CAGR (%)	3%
Market Size	222 billion in 2021
Projection period	2022-2029
Projection unit	Value (USD)
Segments covered	By Product, By Form, By Distribution Channel, And By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	Mowi, Thai Union Group PCL, Cermaq Group AS, Huon Aqua, Stolt Sea Farm, Stehr Group, Leigh Fisheries, True World Foods, Priory Fishery Ltd.
By Produt	Pelagic Demersal
By Form	Fresh Frozen
By Distribution Channel	Online Offline
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Freshwater Fish Market By Product:

• Pelagic
• Demersal

Global Freshwater Fish Market By Form:

• Fresh
• Frozen

Global Freshwater Fish Market By Distribution Channel:

• Offline
• Online

Global Freshwater Fish Market By Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Analysis- Currently, internal and external conflicts are causing some political instability in the region where Transforming the fresh fish sale is actively engaged. The corporation may be unable to meet its growth goals if management is unable to comprehend and manage the current political upheaval, and they may be reluctant to spend additional funds. Modernizing the World's Fishing Industry market players should constantly monitor the political landscape to ensure prompt adjustment to evolving policies and adjust the strategic priorities as necessary. shaping the world's fishing industry should take into account these nations since their low tax rates will make it simpler to turn a profit and invest in R&D, innovation, and new product development projects.

Economic Analysis- Monitoring the effectiveness of the financial market, Transforming the Global Fishing Industry can successfully maintain an advantage over the opposition. More options to pursue long-term growth goals exist in nations with high economic growth rates. Consumer spending becomes more cautious when the economy is growing slowly, and this has an immediate impact on the global fishing industry. The growth of Transforming the Global Fishing Industry's revenue may be adversely affected by the rising rate of inflation. Full Sail University's Marine Stewardship Council is against consumer spending on goods and services since it reduces the purchasing power of money.

Social Analysis- Consumption patterns and economic issues are closely related. The global fishing industry has exciting growth potential when customers have more discretionary income and are prepared to spend more on goods and services to better their lifestyle. fresh fish at Full Sail, as it is simpler to introduce new goods and services to these clients, and the likelihood of revenue growth is still still higher. But as contemporary consumers become more demanding, it is critical to transform the world's fishing industry. In order to modify the marketing mix techniques, fresh fish can be carefully examined for their consumption/spending patterns preferences.

Technological Analysis- Modernizing the World's Fishing Industry fresh fish at Full Sail should favour nations with advanced technology infrastructure since these nations make it simpler for businesses to pursue goals like cost reduction, innovation, and value creation. A robust technology infrastructure also illustrates how challenging it will be to transform the global fishing industry. fresh fish used technology at Full Sail to gain a sustainable competitive edge that rivals could easily copy. The research and development trend in the selected industry or region shows how proactive businesses are in introducing cutting-edge solutions for customer needs. Changing the Global Fishing Industry, albeit fresh fish at Full Sail has to improve its comprehension of how new technological advancements can benefit the company in addition to offering customers value.

Environmental Analysis- Businesses are under pressure to lessen environmental harm due to strict environmental legislation in many countries. Transforming the Global Fishing Industry was created in response. In order to avoid receiving serious, reputation-damaging criticism from relevant stakeholders should adopt responsible production practises, promote responsible consumption among its target consumers, work to improve its brand's sustainability reputation and ensure full compliance with local and international environmental regulations.

Legal Analysis- Market players of fresh fish are responsible for ensuring a safe working environment. Appropriate systems must be in place to prevent both direct and indirect discrimination. Effective adherence to employment laws can be beneficial. Modernizing the World's Fishing Industry In the ongoing battle for talent, market players are enhancing their employer brand image, which is crucial for luring and keeping top personnel from the market. Numerous federal and state laws are in place in several nations to safeguard consumers against potential commercial exploitation. The regulations have tightened up much more in the age of information technology to protect consumer privacy.

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Product
     • 3.2. Market Attractiveness Analysis By Form
     • 3.3. Market Attractiveness Analysis By Distribution Channel
     • 3.4. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Increased Demand
   • 3. Restraints
     • 3.1. Government Regulations
   • 4. Opportunities
     • 4.1. Health Advantage
   • 5. Challenges
     • 5.1. Outbreak of Covid-19

6. Global Fresh Fish Market Analysis and Projection, By Product
   • 1. Segment Overview
   • 2. Pelagic
   • 3. Demersal
7. Global Fresh Fish Market Analysis and Projection, By Form
   • 1. Segment Overview
   • 2. Fresh
   • 3. Frozen
8. Global Fresh Fish Market Analysis and Projection, By Distribution Channel
   • 1. Segment Overview
   • 2. Online
   • 3. Offline
9. Global Fresh Fish Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

10. Global Fresh Fish Market-Competitive Landscape
    • Overview
    • Market Share of Key Players in the Fresh Fish Market
      • 2.1. Global Company Market Share
      • 2.2. North America Company Market Share
      • 2.3. Europe Company Market Share
      • 2.4. APAC Company Market Share
    • Competitive Situations and Trends
      • 3.1. Form Launches and Developments
      • 3.2. Partnerships, Collaborations, and Agreements
      • 3.3. Mergers & Acquisitions
      • 3.4. Expansions

11. Company Profiles
    • Mowi
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Form Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Thai Union Group PCL
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Form Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • Cermaq Group AS
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Form Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • Huon Aqua
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Form Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • Stolt Sea Farm
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Form Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Stehr Group
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Form Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • Leigh Fisheries
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Form Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • True World Foods
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Form Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis

 

List of Table

1. Global Fresh Fish Market, By Product, 2021–2029 (USD Billion)
2. Global Pelagic, Fresh Fish Market, By Region, 2021–2029 (USD Billion)
3. Global Demersal, Fresh Fish Market, By Region, 2021–2029 (USD Billion)
4. Global Fresh Fish Market, By Form, 2021–2029 (USD Billion)
5. Global Fresh, Fresh Fish Market, By Region, 2021–2029 (USD Billion)
6. Global Frozen, Fresh Fish Market, By Region, 2021–2029 (USD Billion)
7. Global Fresh Fish Market, By Distribution Channel, 2021–2029 (USD Billion)
8. Global Online, Fresh Fish Market, By Region, 2021–2029 (USD Billion)
9. Global Offline, Fresh Fish Market, By Region, 2021–2029 (USD Billion)
10. North America Fresh Fish Market, By Product, 2021–2029 (USD Billion)
11. North America Fresh Fish Market, By Form, 2021–2029 (USD Billion)
12. North America Fresh Fish Market, By Distribution Channel, 2021–2029 (USD Billion)
13. USA Fresh Fish Market, By Product, 2021–2029 (USD Billion)
14. USA Fresh Fish Market, By Form, 2021–2029 (USD Billion)
15. USA Fresh Fish Market, By Distribution Channel, 2021–2029 (USD Billion)  
16. Canada Fresh Fish Market, By Product, 2021–2029 (USD Billion)
17. Canada Fresh Fish Market, By Form, 2021–2029 (USD Billion)
18. Canada Fresh Fish Market, By Distribution Channel, 2021–2029 (USD Billion)
19. Mexico Fresh Fish Market, By Product, 2021–2029 (USD Billion)
20. Mexico Fresh Fish Market, By Form, 2021–2029 (USD Billion)
21. Mexico Fresh Fish Market, By Distribution Channel, 2021–2029 (USD Billion)
22. Europe Fresh Fish Market, By Product, 2021–2029 (USD Billion)
23. Europe Fresh Fish Market, By Form, 2021–2029 (USD Billion)
24. Europe Fresh Fish Market, By Distribution Channel, 2021–2029 (USD Billion)
25. Germany Fresh Fish Market, By Product, 2021–2029 (USD Billion)
26. Germany Fresh Fish Market, By Form, 2021–2029 (USD Billion)
27. Germany Fresh Fish Market, By Distribution Channel, 2021–2029 (USD Billion)
28. France Fresh Fish Market, By Product, 2021–2029 (USD Billion)
29. France Fresh Fish Market, By Form, 2021–2029 (USD Billion)
30. France Fresh Fish Market, By Distribution Channel, 2021–2029 (USD Billion)
31. UK Fresh Fish Market, By Product, 2021–2029 (USD Billion)
32. UK Fresh Fish Market, By Form, 2021–2029 (USD Billion)
33. UK Fresh Fish Market, By Distribution Channel, 2021–2029 (USD Billion)
34. Italy Fresh Fish Market, By Product, 2021–2029 (USD Billion)
35. Italy Fresh Fish Market, By Form, 2021–2029 (USD Billion)
36. Italy Fresh Fish Market, By Distribution Channel, 2021–2029 (USD Billion)
37. Spain Fresh Fish Market, By Product, 2021–2029 (USD Billion)
38. Spain Fresh Fish Market, By Form, 2021–2029 (USD Billion)
39. Spain Fresh Fish Market, By Distribution Channel, 2021–2029 (USD Billion)
40. Asia Pacific Fresh Fish Market, By Product, 2021–2029 (USD Billion)
41. Asia Pacific Fresh Fish Market, By Form, 2021–2029 (USD Billion)
42. Asia Pacific Fresh Fish Market, By Distribution Channel, 2021–2029 (USD Billion)
43. Japan Fresh Fish Market, By Product, 2021–2029 (USD Billion)
44. Japan Fresh Fish Market, By Form, 2021–2029 (USD Billion)
45. Japan Fresh Fish Market, By Distribution Channel, 2021–2029 (USD Billion)
46. China Fresh Fish Market, By Product, 2021–2029 (USD Billion)
47. China Fresh Fish Market, By Form, 2021–2029 (USD Billion)
48. China Fresh Fish Market, By Distribution Channel, 2021–2029 (USD Billion)
49. India Fresh Fish Market, By Product, 2021–2029 (USD Billion)
50. India Fresh Fish Market, By Form, 2021–2029 (USD Billion)
51. India Fresh Fish Market, By Distribution Channel, 2021–2029 (USD Billion)
52. South America Fresh Fish Market, By Product, 2021–2029 (USD Billion)
53. South America Fresh Fish Market, By Form, 2021–2029 (USD Billion)
54. South America Fresh Fish Market, By Distribution Channel, 2021–2029 (USD Billion)
55. Brazil Fresh Fish Market, By Product, 2021–2029 (USD Billion)
56. Brazil Fresh Fish Market, By Form, 2021–2029 (USD Billion)
57. Brazil Fresh Fish Market, By Distribution Channel, 2021–2029 (USD Billion)
58. Middle East and Africa Fresh Fish Market, By Product, 2021–2029 (USD Billion)
59. Middle East and Africa Fresh Fish Market, By Form, 2021–2029 (USD Billion)
60. Middle East and Africa Fresh Fish Market, By Distribution Channel, 2021–2029 (USD Billion)
61. UAE Fresh Fish Market, By Product, 2021–2029 (USD Billion)
62. UAE Fresh Fish Market, By Form, 2021–2029 (USD Billion)
63. UAE Fresh Fish Market, By Distribution Channel, 2021–2029 (USD Billion)
64. South Africa Fresh Fish Market, By Product, 2021–2029 (USD Billion)
65. South Africa Fresh Fish Market, By Form, 2021–2029 (USD Billion)
66. South Africa Fresh Fish Market, By Distribution Channel, 2021–2029 (USD Billion)

List of Figures 

1. Global Fresh Fish Market Segmentation
2. Fresh Fish Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Fresh Fish Market Attractiveness Analysis By Product
9. Global Fresh Fish Market Attractiveness Analysis By Form
10. Global Fresh Fish Market Attractiveness Analysis By Distribution Channel
11. Global Fresh Fish Market Attractiveness Analysis By Region
12. Global Fresh Fish Market: Dynamics
13. Global Fresh Fish Market Share By Product (2021 & 2029)
14. Global Fresh Fish Market Share By Form (2021 & 2029)
15. Global Fresh Fish Market Share By Distribution Channel (2021 & 2029)
16. Global Fresh Fish Market Share by Regions (2021 & 2029)
17. Global Fresh Fish Market Share by Company (2020)