Market Size of Fish Industry
| 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*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 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.
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| Freshwater Fish | |
| Marine Water Fish |
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Fish Market Size Summary
The global fish market is poised for steady growth, driven by increasing consumption and demand for fish as a primary source of protein. This growth is supported by advancements in shipping, cold chain logistics, and distribution channels, which have facilitated the rise in fish production and consumption worldwide. The shift towards protein-rich diets, coupled with the health benefits of fish, such as omega-3 fatty acids, is further propelling market expansion. Government initiatives and improved transport infrastructure have also bolstered international trade, with countries like India and Indonesia playing significant roles in the export-oriented fish market. The trend towards pescetarianism and the popularity of exotic seafood in restaurants are additional factors contributing to the market's growth.
The Asia Pacific region has emerged as a major market for fish, driven by developing economies like India and China, which have a strong tradition of fish consumption and cuisine. Urbanization and rising disposable incomes in these countries have led to increased demand for protein-rich fish food and premium quality seafood products. Government initiatives, such as India's Pradhan Mantri Matsya Sampada Yojana, aim to promote sustainable fisheries development. The adoption of advanced processing technologies, like high-pressure processing, is enhancing operational efficiency in fish processing establishments. These factors, along with strategic trade agreements and investments in aquaculture, are expected to sustain the growth of the fish market in the region over the forecast period.
Fish Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Technological Advancements in Fish Production and Transportation
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1.2.2 Rising Demand Due to Health Benefits of Fish Consumption
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1.2.3 Government Support and Policies are Driving the Market
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1.3 Market Restraints
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1.3.1 Major Disease Outbreaks in Fish Farms
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1.3.2 Limited Cold Chain Infrastructure for Fish Storage and Transportation
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1.4 Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Freshwater Fish
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2.1.2 Marine Water Fish
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.1.1 Production Analysis
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2.2.1.1.2 Consumption Analysis (Value and Volume)
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2.2.1.1.3 Import Market Analysis (Value and Volume)
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2.2.1.1.4 Export Market Analysis (Value and Volume)
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2.2.1.1.5 Price Trend Analysis
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2.2.1.2 Canada
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2.2.1.2.1 Production Analysis
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2.2.1.2.2 Consumption Analysis (Value and Volume)
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2.2.1.2.3 Import Market Analysis (Value and Volume)
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2.2.1.2.4 Export Market Analysis (Value and Volume)
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2.2.1.2.5 Price Trend Analysis
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2.2.1.3 Mexico
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2.2.1.3.1 Production Analysis
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2.2.1.3.2 Consumption Analysis (Value and Volume)
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2.2.1.3.3 Import Market Analysis (Value and Volume)
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2.2.1.3.4 Export Market Analysis (Value and Volume)
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2.2.1.3.5 Price Trend Analysis
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2.2.2 Europe
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2.2.2.1 France
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2.2.2.1.1 Production Analysis
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2.2.2.1.2 Consumption Analysis (Value and Volume)
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2.2.2.1.3 Import Market Analysis (Value and Volume)
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2.2.2.1.4 Export Market Analysis (Value and Volume)
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2.2.2.1.5 Price Trend Analysis
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2.2.2.2 Spain
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2.2.2.2.1 Production Analysis
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2.2.2.2.2 Consumption Analysis (Value and Volume)
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2.2.2.2.3 Import Market Analysis (Value and Volume)
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2.2.2.2.4 Export Market Analysis (Value and Volume)
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2.2.2.2.5 Price Trend Analysis
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2.2.2.3 United Kingdom
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2.2.2.3.1 Production Analysis
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2.2.2.3.2 Consumption Analysis (Value and Volume)
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2.2.2.3.3 Import Market Analysis (Value and Volume)
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2.2.2.3.4 Export Market Analysis (Value and Volume)
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2.2.2.3.5 Price Trend Analysis
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2.2.2.4 Norway
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2.2.2.4.1 Production Analysis
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2.2.2.4.2 Consumption Analysis (Value and Volume)
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2.2.2.4.3 Import Market Analysis (Value and Volume)
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2.2.2.4.4 Export Market Analysis (Value and Volume)
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2.2.2.4.5 Price Trend Analysis
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2.2.2.5 Sweden
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2.2.2.5.1 Production Analysis
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2.2.2.5.2 Consumption Analysis (Value and Volume)
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2.2.2.5.3 Import Market Analysis (Value and Volume)
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2.2.2.5.4 Export Market Analysis (Value and Volume)
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2.2.2.5.5 Price Trend Analysis
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2.2.2.6 Netherlands
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2.2.2.6.1 Production Analysis
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2.2.2.6.2 Consumption Analysis (Value and Volume)
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2.2.2.6.3 Import Market Analysis (Value and Volume)
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2.2.2.6.4 Export Market Analysis (Value and Volume)
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2.2.2.6.5 Price Trend Analysis
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.1.1 Production Analysis
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2.2.3.1.2 Consumption Analysis (Value and Volume)
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2.2.3.1.3 Import Market Analysis (Value and Volume)
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2.2.3.1.4 Export Market Analysis (Value and Volume)
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2.2.3.1.5 Price Trend Analysis
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2.2.3.2 Japan
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2.2.3.2.1 Production Analysis
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2.2.3.2.2 Consumption Analysis (Value and Volume)
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2.2.3.2.3 Import Market Analysis (Value and Volume)
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2.2.3.2.4 Export Market Analysis (Value and Volume)
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2.2.3.2.5 Price Trend Analysis
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2.2.3.3 Indonesia
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2.2.3.3.1 Production Analysis
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2.2.3.3.2 Consumption Analysis (Value and Volume)
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2.2.3.3.3 Import Market Analysis (Value and Volume)
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2.2.3.3.4 Export Market Analysis (Value and Volume)
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2.2.3.3.5 Price Trend Analysis
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2.2.3.4 Vietnam
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2.2.3.4.1 Production Analysis
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2.2.3.4.2 Consumption Analysis (Value and Volume)
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2.2.3.4.3 Import Market Analysis (Value and Volume)
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2.2.3.4.4 Export Market Analysis (Value and Volume)
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2.2.3.4.5 Price Trend Analysis
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2.2.3.5 India
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2.2.3.5.1 Production Analysis
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2.2.3.5.2 Consumption Analysis (Value and Volume)
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2.2.3.5.3 Import Market Analysis (Value and Volume)
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2.2.3.5.4 Export Market Analysis (Value and Volume)
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2.2.3.5.5 Price Trend Analysis
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2.2.3.6 Myanmar
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2.2.3.6.1 Production Analysis
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2.2.3.6.2 Consumption Analysis (Value and Volume)
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2.2.3.6.3 Import Market Analysis (Value and Volume)
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2.2.3.6.4 Export Market Analysis (Value and Volume)
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2.2.3.6.5 Price Trend Analysis
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.1.1 Production Analysis
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2.2.4.1.2 Consumption Analysis (Value and Volume)
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2.2.4.1.3 Import Market Analysis (Value and Volume)
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2.2.4.1.4 Export Market Analysis (Value and Volume)
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2.2.4.1.5 Price Trend Analysis
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2.2.4.2 Chile
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2.2.4.2.1 Production Analysis
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2.2.4.2.2 Consumption Analysis (Value and Volume)
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2.2.4.2.3 Import Market Analysis (Value and Volume)
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2.2.4.2.4 Export Market Analysis (Value and Volume)
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2.2.4.2.5 Price Trend Analysis
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2.2.5 Africa
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2.2.5.1 Egypt
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2.2.5.1.1 Production Analysis
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2.2.5.1.2 Consumption Analysis (Value and Volume)
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2.2.5.1.3 Import Market Analysis (Value and Volume)
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2.2.5.1.4 Export Market Analysis (Value and Volume)
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2.2.5.1.5 Price Trend Analysis
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2.2.5.2 Nigeria
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2.2.5.2.1 Production Analysis
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2.2.5.2.2 Consumption Analysis (Value and Volume)
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2.2.5.2.3 Import Market Analysis (Value and Volume)
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2.2.5.2.4 Export Market Analysis (Value and Volume)
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2.2.5.2.5 Price Trend Analysis
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2.2.5.3 Côte d'Ivoire
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2.2.5.3.1 Production Analysis
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2.2.5.3.2 Consumption Analysis (Value and Volume)
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2.2.5.3.3 Import Market Analysis (Value and Volume)
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2.2.5.3.4 Export Market Analysis (Value and Volume)
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2.2.5.3.5 Price Trend Analysis
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Fish Market Size FAQs
How big is the Fish Market?
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.
What is the current Fish Market size?
In 2024, the Fish Market size is expected to reach USD 1.06 trillion.
