Portland, OR, May 08, 2019 (GLOBE NEWSWIRE) -- According to a recent report published by Allied Market Research, the global Fin Fish Market generated $164.8 billion in 2017 and is projected to garner $238.5 billion by 2025, growing at a CAGR of 4.5% during the forecast period, 2018-2025.
Request Report Sample at: https://www.alliedmarketresearch.com/request-sample/5227
Rise in the production of fish to meet food supply, surge in global protein demand from livestock and fisheries, and rapid technological advancement in the field of fin fish drive the growth of the global fin fish market. Additionally, the evolution in inland fishing and the adoption of sustainable technology is set to provide lucrative opportunities to emerging market players in the near future. However, rise in water temperature and pollution significantly impedes market growth.
Based on environment, the marine water segment is projected to grow at the highest CAGR of 4.7% during the forecast period, on account of it being a favorable environment for rearing fish. However, the freshwater segment is expected to continue its dominance throughout the forecast period and generate almost three-fifths of the global revenue by 2025. This is attributed to the implementation of fisheries policy around the world that have supported the development of freshwater fish cultivation.
By fish type, the salmon segment is not only poised to register the highest growth rate during the forecast period but also remain the largest segment through 2025. The segment is expected to occupy more than a quarter of global shares by 2025, due to the increasing use of modern fishing and fish farming techniques, i.e. intensive salmon farming using open-net cages.
Asia-Pacific is projected to occupy more than two-thirds of the global market shares by 2025. The region is also anticipated to grow at the highest CAGR of 4.6% during the forecast period, due to the development of efficient aquaculture technology to cater to a large fish consumption market.
Do Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/5227
The key players analyzed in the report include Cermaq Group AS (Mitsubishi Corporation), Cooke Fin fish Inc., Grupo Farallon Fin fish, Leroy Sea Food Group, Marine Harvest ASA, P/F Bakkafrost, Selonda Fin fish S.A., Stolt Sea Farm, Tassal Group Limited, and Thai Union Group Public Company Limited. They have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others to gain a strong position in the industry.
About Us:
Allied Market Research (AMR) is a full-service market research and business -consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.