Global Fish Market (2021 to 2026) - Growth, Trends, COVID-19 Impact and Forecasts - ResearchAndMarkets.com

The "Fish Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The global fish market is projected to register a CAGR of 4.8% during the forecast period (2021-2026).

Key Market Trends

Export Oriented Aquaculture to Drive the Fish Production

Aquaculture expanded steadily in the Asia-Pacific region in the past years, contributing to 40% of the global fishery production. The exports of aquaculture products in many Asian countries are earning half a billion dollars per year, which is primarily contributing to aquaculture growth in the Asia-Pacific region. On the market side, aquaculture export growth in the Asian market is majorly driven by Europe and North American markets. More than half of the domestic production in the countries, such as Vietnam, Thailand, Philippines, India, and Indonesia are destined only for Europe and North American markets, with Vietnam covering nearly three-quarters of production to export share in 2019.

However, increased government support and improved transportation infrastructure increased the importance of international trade in the last ten years. For instance, in India, the Marine Products Export Development Authority (MPEDA) launched an initiative to develop a GPS-based database of export-oriented aquaculture farms in the country to ensure their traceability and quality control. Similarly in Indonesia, the PROTEKAN (Program to Increase Exports of Fisheries) program is aimed at intensifying the fishery exports. Thus the increasing export-oriented production of fish is likely to further enhance the production thereby enhancing the fish consumption in the world.

China to Dominate the Global Fish Production

China is one of the largest producers of fish in the world, peaking at 26.9 million metric ton in 2018, and is expected to witness a nominal CAGR over the forecast period. The freshwater fishes dominated the Chinese fisheries aquaculture sector, accounting for nearly 93.0% of the total aquaculture fish production in the country during 2018-19, followed by marine fished at 5.6% and the rest was garnered by the diadromous fishes during the same period. The country claims to have a total of 18.7 million people who are active in fisheries, including the allied industries. However, the average wage of the fisherman in the country stood at USD 2,685 in 2018, even below the industrial wage, which is thus limiting the mainstream nature of aquaculture in the country.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions and Market Definition

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Value Chain Analysis

5 MARKET SEGMENTATION

5.1 Type

5.1.1 Freshwater Fish

5.1.1.1 Carp, Barbel, and Cyprinid

5.1.1.2 Tilapia

5.1.1.3 Other Freshwater Fish

5.1.2 Marinewater Fish

5.1.2.1 Cod

5.1.2.2 Flounder

5.1.2.3 Tuna

5.1.2.4 Other Marinewater Fish

5.1.3 Diadromous Fish

5.1.3.1 Eel

5.1.3.2 Salmon

5.1.3.3 Trout

5.1.3.4 Smelt

5.1.3.5 Shad

5.1.3.6 Sturgeon

5.1.3.7 Other Diadromous Fish

5.2 Geography (Production Analysis, Consumption Analysis by Value & Volume, Import Analysis by Value & Volume, Export Analysis by Value & Volume and Price Trend Analysis)

5.2.1 China

5.2.2 Myanmar

5.2.3 India

5.2.4 Vietnam

5.2.5 Japan

5.2.6 Malaysia

5.2.7 United States

5.2.8 Mexico

5.2.9 Cote d'Ivoire

5.2.10 Indonesia

5.2.11 Norway

5.2.12 Spain

5.2.13 France

6 MARKET OPPORTUNITIES AND FUTURE TRENDS

7 AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET

For more information about this report visit https://www.researchandmarkets.com/r/5oyt2a

View source version on businesswire.com: https://www.businesswire.com/news/home/20210730005326/en/

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