Global Fish Market Size and Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Fish Market Report is Segmented by Type (Freshwater Fish and Marine Water Fish) and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The Report Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Report Offers Market Estimation and Forecast in Value (USD) and Volume (metric Tons) for the Above-Mentioned Segments.

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Fish Market Size

Fish Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 1.06 Trillion
Market Size (2029) USD 1.21 Trillion
CAGR (2024 - 2029) 2.60 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific

Major Players

Fish Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Fish Market Analysis

The Fish Market size is estimated at USD 1.06 trillion in 2024, and is expected to reach USD 1.21 trillion by 2029, growing at a CAGR of 2.60% during the forecast period (2024-2029).

  • According to the Food and Agriculture Organization, fish accounted for 20% of the average per capita animal protein intake of more than 3 billion people. Fish is consumed as fresh and processed food in different regions. The growing adoption of healthier diets is driving fish consumption as fish is a preferred source of lean protein and omega-3 fatty acids.
  • Increasing demand for fish in regions like North America and Europe has created significant export opportunities for fish-producing countries like China, India, Indonesia, and Vietnam. In 2023, China exported 102,972 metric tons of fish, driving the global fish exports. The advancements in technology are fueling fish production and logistics, shaping the supply side of fish in the market like mechanized boats and fishing vessels, sonar, and GPS technology aiding fishermen in locating fish followed by refrigerated and cold storage enhancing the shelf life of fish and preventing deterioration in the transit.
  • Many governments promote the fishing industry through subsidies, grants, and supportive regulations to boost domestic production and exports. For instance, in 2022, the Chinese government introduced the 14th Five-Year National Fisheries Development Plan to increase fish production and exports. Similarly, the Indian government is supporting its fisheries industry with Pradhana Mantri Matsya Sampada Yojana.

Fish Market Trends

Technological Advancements in Fish Production and Transportation is Fueling the Supply of Fish

  • Technological advancements have significantly transformed the fish market, enhancing production and distribution efficiency. Artificial intelligence in the fisheries industry is the future of fish farming, which is expected to improve fish breeding, monitoring, and harvesting. The research uses machine learning for data analysis, including water quality, feeding patterns, and the fish's behavior to detect early disease symptoms. These improvements span fishing techniques, aquaculture, and supply chain logistics, leading to increased production of quality fish in the market.
  • Moreover, "Fish-Finder" is an innovation involving sonar and GPS technology to help fishermen locate fish groups more accurately and efficiently, reducing time and fuel costs. The advanced fishing boats have better engines, storage facilities, and processing units, allowing for longer fishing trips and maintaining fish quality. Innovations in fishing gear rods reduce unwanted fish catch and minimize environmental impact. For instance, selective fishing gear targets specific species, allowing non-target species to escape unharmed.
  • According to the World Economic Forum's report titled "Investigating Global Aquatic Food Loss and Waste," the loss or wastage of aquatic food in 2021 is 23.8 million metric tons, accounting for 14.8% of the global aquatic food produced in that year. Therefore, to reduce this wastage in transit, refrigeration and freezing technologies in logistics ensure fish remain fresh from the point of capture to consumption, ultimately reducing fish deterioration in transit.
Fish Market: Export Volume in Metric Tons, Live Fish, China, 2021-2022

Asia-Pacific Dominates the Market

  • Asia Pacific is a significant fish market due to opportunities created by developing economies. Countries like India and China are now culinary hubs for authentic fish-based dishes, which is evident from the diverse offerings on their restaurant menus.
  • Fish production in countries like India and Indonesia is a significant driver of the market's growth. Factors such as urbanization, rising disposable income, and increased demand for protein-rich fish food contribute to this trend. Additionally, consumers' preference for premium-quality products due to freshness and variety is expected to fuel the market's growth during the forecast period.
  • Furthermore, governments in the region are identifying the significance and potential of fisheries and aquaculture. For instance, in February 2023, the Government of India introduced the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) with a targeted investment of USD 726.6 million that aims to formalize the fisheries sector by creating a national registry of stakeholders through the National Fisheries Sector Digital Platform (NFDP). It facilitates access to institutional financing for micro and small enterprises in fisheries, provides incentives for aquaculture insurance, and promotes safety and quality assurance systems.
  • In addition, fish processing establishments in the region are using high-pressure processing (HPP) technology, which is a non-thermal technology in which the fish is submerged in a liquid placed in a pressure vessel and uses pressures of about 6000 times the average air pressure at sea level to pasteurize fish meat to improve operational efficiency. HPP technologies developed by Avure Technologies and Food Science Australia are widely used in fish processing. The Seafood Company, a Singapore-based company, uses HPP technology for seafood processing.
Fish Market: Growth Rate (%) by Region, 2024-2029

Fish Market News

  • April 2024: Silver Bay Seafoods acquired Trident Seafoods’ Ketchikan processing facility. This strategic move enhances Silver Bay’s capacity to support salmon fisheries in the Southeast region.
  • December 2023: Maruha Nichiro Corporation merged its consolidated subsidiaries, Marine Access Corporation and Maruha Nichiro Retail Service Co., Ltd. The merger led to the integration of the tuna fish processing business by constructing a larger processing facility. This has expanded the production capacity of tuna fish products.
  • February 2022: Mowi expanded its range by launching two new organic salmon products on the digital grocery service Ocado.

Fish Market Report - Table of Contents

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
    • 4.2.1 Technological Advancements in Fish Production and Transportation
    • 4.2.2 Rising Demand Due to Health Benefits of Fish Consumption
    • 4.2.3 Government Support and Policies are Driving the Market
  • 4.3 Market Restraints
    • 4.3.1 Major Disease Outbreaks in Fish Farms
    • 4.3.2 Limited Cold Chain Infrastructure for Fish Storage and Transportation
  • 4.4 Value Chain Analysis

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Freshwater Fish
    • 5.1.2 Marine Water Fish
  • 5.2 Geography
    • 5.2.1 North America
    • 5.2.1.1 United States
    • 5.2.1.1.1 Production Analysis
    • 5.2.1.1.2 Consumption Analysis (Value and Volume)
    • 5.2.1.1.3 Import Market Analysis (Value and Volume)
    • 5.2.1.1.4 Export Market Analysis (Value and Volume)
    • 5.2.1.1.5 Price Trend Analysis
    • 5.2.1.2 Canada
    • 5.2.1.2.1 Production Analysis
    • 5.2.1.2.2 Consumption Analysis (Value and Volume)
    • 5.2.1.2.3 Import Market Analysis (Value and Volume)
    • 5.2.1.2.4 Export Market Analysis (Value and Volume)
    • 5.2.1.2.5 Price Trend Analysis
    • 5.2.1.3 Mexico
    • 5.2.1.3.1 Production Analysis
    • 5.2.1.3.2 Consumption Analysis (Value and Volume)
    • 5.2.1.3.3 Import Market Analysis (Value and Volume)
    • 5.2.1.3.4 Export Market Analysis (Value and Volume)
    • 5.2.1.3.5 Price Trend Analysis
    • 5.2.2 Europe
    • 5.2.2.1 France
    • 5.2.2.1.1 Production Analysis
    • 5.2.2.1.2 Consumption Analysis (Value and Volume)
    • 5.2.2.1.3 Import Market Analysis (Value and Volume)
    • 5.2.2.1.4 Export Market Analysis (Value and Volume)
    • 5.2.2.1.5 Price Trend Analysis
    • 5.2.2.2 Spain
    • 5.2.2.2.1 Production Analysis
    • 5.2.2.2.2 Consumption Analysis (Value and Volume)
    • 5.2.2.2.3 Import Market Analysis (Value and Volume)
    • 5.2.2.2.4 Export Market Analysis (Value and Volume)
    • 5.2.2.2.5 Price Trend Analysis
    • 5.2.2.3 United Kingdom
    • 5.2.2.3.1 Production Analysis
    • 5.2.2.3.2 Consumption Analysis (Value and Volume)
    • 5.2.2.3.3 Import Market Analysis (Value and Volume)
    • 5.2.2.3.4 Export Market Analysis (Value and Volume)
    • 5.2.2.3.5 Price Trend Analysis
    • 5.2.2.4 Norway
    • 5.2.2.4.1 Production Analysis
    • 5.2.2.4.2 Consumption Analysis (Value and Volume)
    • 5.2.2.4.3 Import Market Analysis (Value and Volume)
    • 5.2.2.4.4 Export Market Analysis (Value and Volume)
    • 5.2.2.4.5 Price Trend Analysis
    • 5.2.2.5 Sweden
    • 5.2.2.5.1 Production Analysis
    • 5.2.2.5.2 Consumption Analysis (Value and Volume)
    • 5.2.2.5.3 Import Market Analysis (Value and Volume)
    • 5.2.2.5.4 Export Market Analysis (Value and Volume)
    • 5.2.2.5.5 Price Trend Analysis
    • 5.2.2.6 Netherlands
    • 5.2.2.6.1 Production Analysis
    • 5.2.2.6.2 Consumption Analysis (Value and Volume)
    • 5.2.2.6.3 Import Market Analysis (Value and Volume)
    • 5.2.2.6.4 Export Market Analysis (Value and Volume)
    • 5.2.2.6.5 Price Trend Analysis
    • 5.2.3 Asia-Pacific
    • 5.2.3.1 China
    • 5.2.3.1.1 Production Analysis
    • 5.2.3.1.2 Consumption Analysis (Value and Volume)
    • 5.2.3.1.3 Import Market Analysis (Value and Volume)
    • 5.2.3.1.4 Export Market Analysis (Value and Volume)
    • 5.2.3.1.5 Price Trend Analysis
    • 5.2.3.2 Japan
    • 5.2.3.2.1 Production Analysis
    • 5.2.3.2.2 Consumption Analysis (Value and Volume)
    • 5.2.3.2.3 Import Market Analysis (Value and Volume)
    • 5.2.3.2.4 Export Market Analysis (Value and Volume)
    • 5.2.3.2.5 Price Trend Analysis
    • 5.2.3.3 Indonesia
    • 5.2.3.3.1 Production Analysis
    • 5.2.3.3.2 Consumption Analysis (Value and Volume)
    • 5.2.3.3.3 Import Market Analysis (Value and Volume)
    • 5.2.3.3.4 Export Market Analysis (Value and Volume)
    • 5.2.3.3.5 Price Trend Analysis
    • 5.2.3.4 Vietnam
    • 5.2.3.4.1 Production Analysis
    • 5.2.3.4.2 Consumption Analysis (Value and Volume)
    • 5.2.3.4.3 Import Market Analysis (Value and Volume)
    • 5.2.3.4.4 Export Market Analysis (Value and Volume)
    • 5.2.3.4.5 Price Trend Analysis
    • 5.2.3.5 India
    • 5.2.3.5.1 Production Analysis
    • 5.2.3.5.2 Consumption Analysis (Value and Volume)
    • 5.2.3.5.3 Import Market Analysis (Value and Volume)
    • 5.2.3.5.4 Export Market Analysis (Value and Volume)
    • 5.2.3.5.5 Price Trend Analysis
    • 5.2.3.6 Myanmar
    • 5.2.3.6.1 Production Analysis
    • 5.2.3.6.2 Consumption Analysis (Value and Volume)
    • 5.2.3.6.3 Import Market Analysis (Value and Volume)
    • 5.2.3.6.4 Export Market Analysis (Value and Volume)
    • 5.2.3.6.5 Price Trend Analysis
    • 5.2.4 South America
    • 5.2.4.1 Brazil
    • 5.2.4.1.1 Production Analysis
    • 5.2.4.1.2 Consumption Analysis (Value and Volume)
    • 5.2.4.1.3 Import Market Analysis (Value and Volume)
    • 5.2.4.1.4 Export Market Analysis (Value and Volume)
    • 5.2.4.1.5 Price Trend Analysis
    • 5.2.4.2 Chile
    • 5.2.4.2.1 Production Analysis
    • 5.2.4.2.2 Consumption Analysis (Value and Volume)
    • 5.2.4.2.3 Import Market Analysis (Value and Volume)
    • 5.2.4.2.4 Export Market Analysis (Value and Volume)
    • 5.2.4.2.5 Price Trend Analysis
    • 5.2.5 Africa
    • 5.2.5.1 Egypt
    • 5.2.5.1.1 Production Analysis
    • 5.2.5.1.2 Consumption Analysis (Value and Volume)
    • 5.2.5.1.3 Import Market Analysis (Value and Volume)
    • 5.2.5.1.4 Export Market Analysis (Value and Volume)
    • 5.2.5.1.5 Price Trend Analysis
    • 5.2.5.2 Nigeria
    • 5.2.5.2.1 Production Analysis
    • 5.2.5.2.2 Consumption Analysis (Value and Volume)
    • 5.2.5.2.3 Import Market Analysis (Value and Volume)
    • 5.2.5.2.4 Export Market Analysis (Value and Volume)
    • 5.2.5.2.5 Price Trend Analysis
    • 5.2.5.3 Côte d'Ivoire
    • 5.2.5.3.1 Production Analysis
    • 5.2.5.3.2 Consumption Analysis (Value and Volume)
    • 5.2.5.3.3 Import Market Analysis (Value and Volume)
    • 5.2.5.3.4 Export Market Analysis (Value and Volume)
    • 5.2.5.3.5 Price Trend Analysis

6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Fish Industry Segmentation

Fish is a rich source of essential fatty acids, vitamins, and minerals. Therefore, it plays a prominent role in a healthy diet.

The fish market is segmented by type (freshwater fish and marine water fish) and Geography (North America, Europe, Asia Pacific, South America, and Africa). The report includes production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis.

The report offers market estimation and forecast in value (USD) and volume (metric tons) for the above-mentioned segments.

Type Freshwater Fish
Marine Water Fish
Geography North America United States Production Analysis
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Geography North America Canada Production Analysis
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Geography North America Mexico Production Analysis
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Geography Europe France Production Analysis
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Geography Europe Spain Production Analysis
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Geography Europe United Kingdom Production Analysis
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Geography Europe Norway Production Analysis
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Geography Europe Sweden Production Analysis
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Geography Europe Netherlands Production Analysis
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Geography Asia-Pacific China Production Analysis
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Geography Asia-Pacific Japan Production Analysis
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Geography Asia-Pacific Indonesia Production Analysis
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Geography Asia-Pacific Vietnam Production Analysis
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Geography Asia-Pacific India Production Analysis
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Geography Asia-Pacific Myanmar Production Analysis
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Geography South America Brazil Production Analysis
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Geography South America Chile Production Analysis
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Geography Africa Egypt Production Analysis
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Geography Africa Nigeria Production Analysis
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Geography Africa Côte d'Ivoire Production Analysis
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
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Fish Market Research FAQs

The Fish Market size is expected to reach USD 1.06 trillion in 2024 and grow at a CAGR of 2.60% to reach USD 1.21 trillion by 2029.

In 2024, the Fish Market size is expected to reach USD 1.06 trillion.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia-Pacific accounts for the largest market share in Fish Market.

In 2023, the Fish Market size was estimated at USD 1.03 trillion. The report covers the Fish Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Fish Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Fish Industry Report

The Global Fish Market Report provides a comprehensive market review, segmented by type and geography. The report includes detailed industry statistics, offering insights into the market size and market value. It presents a thorough market overview, examining both freshwater fish and marine water fish, and the geographical distribution across North America, Europe, Asia-Pacific, South America, and Africa.

The report includes an in-depth industry analysis, focusing on production analysis, consumption analysis, export and import analysis, and price trend analysis. The market data is presented in both value and volume, providing a clear picture of the market growth and market trends. The market forecast outlook and market predictions are also included, giving an insight into the future market growth rate and industry trends.

The report highlights the market segmentation and the performance of market leaders. It also includes industry information and industry research, providing a detailed industry outlook. The industry reports provide valuable insights into the industry size and industry sales, supported by comprehensive industry statistics.

Additionally, the report includes a report example and a report pdf for further reference. The research companies involved in the study have ensured that the report is a valuable resource for understanding the market structure and market segmentation. The market review and market overview sections provide a detailed analysis of the current market scenario and future market outlook.

Overall, the Global Fish Market Report is a crucial resource for understanding the dynamics of the fish market, offering valuable insights and data for stakeholders and industry participants.

Fish Market Report Snapshots

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Global Fish Market Size and Share Analysis - Growth Trends & Forecasts (2024 - 2029)