[FURL=https://www.industryarc.com/Research/Fin-Fish-Market-Research-507307]Fin Fish Market[/FURL] size in 2019 is estimated to be $103.5 billion, growing at a CAGR of 4.7% during the forecast period 2020-2025. Fins are usually the most distinctive anatomical features of a fish. Aquaculture deals with the farming, breeding, rearing, and harvesting of aquatic organisms, animals, and plants, which includes fin fish, carps, mollusks, crustaceans, and aquatic plants in all types of water environments. Rise in awareness about health benefits and technological advancement in fish farming are the major factors driving the growth of the market. Moreover, changing lifestyle and advancement of R&D activities further enhance the overall market demand for fin fish during the forecast period 2020-2025.Key Takeaways
In 2019, North America dominates the Fin Fish Market owing to increasing population growth, wide base of fish eaters and advancement of efficient fish farming.
Rise in awareness about health benefits and technological advancement in fish farming is driving the market growth of fin fish.
Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Fin Fish Market report.
Increasing water pollution and changes in climatic conditions are challenging the growth of the market.
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Geography - Segment Analysis
Asia Pacific dominated the Fin Fish Market share accounting for 45% of the market in 2019. This is mainly owing to increasing population growth, wide base of fish eaters and advancement of efficient fish farming. According to Asia Pacific Food and Agriculture Organization, the aquaculture sector in Asia Pacific region remained healthy and strong. In 2018, the total production is 92.3 million tonnes which remains the largest contributor in fisher products from aquaculture. China is the largest producing country of aquaculture products contributing 63.7 percent of the total production in the Asia Pacific region.
However, the North America region is projected to be the fastest-growing during the forecast period 2020-2025. This is owing to growing demand of proteins and increasing fitness among consumers.
Drivers – Fin Fish Market
Rise in Awareness About Health Benefits :
Technological Advancement in Fish Farming :
Fin Fish Industry Outlook : Fin Fish top 10 companies are Alpha Group Ltd., Fish farming Technologies Asia Limited, Cermaq Group AS, Cooke Aquaculture Inc., Lerøy Seafood Group ASA., Marine Harvest Group, Nippon Suisan Kaisha Ltd., P/F Bakkafrost, Tassal Group Limited, and Thai Union Group PCL.
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