Market Size of Fish Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.07 Trillion |
| Market Size (2029) | USD 1.22 Trillion |
| CAGR (2024 - 2029) | 2.60 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
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Fish Market Analysis
The Fish Market size is estimated at USD 1.07 trillion in 2024, and is expected to reach USD 1.22 trillion by 2029, growing at a CAGR of 2.60% during the forecast period (2024-2029).
- According to the World Health Organization (WHO), more than one billion people depend on fish and fish products as their primary source of proteins. Fish is processed into various food and non-food products. Advancements in the shipping, cold chain, and distribution channel and increased fish production globally have driven fish consumption.
- Moreover, the rising demand for protein-rich diets as an alternative to high-calorie food products is accelerating the industry's demand. Fish food consists of a low-fat source of protein, which is used for muscle building, and also contains vitamins and iron such as omega-3 fatty acids, thereby accelerating the market growth.
- Furthermore, increased government support and improved transport infrastructure have increased the importance of international trade in past years. For instance, in India, the Marine Products Export Development Authority (MPEDA) has launched an initiative to develop a global positioning system (GPS)-based database of export-oriented aquaculture farms to ensure their traceability and quality control.
- Moreover, exclusive restaurants serving exotic seafood made from fish and changing consumer tastes are other factors contributing to the growth of the fish market. Non-vegetarian consumers are slowly changing their lifestyle and significantly following pescetarianism (Pescetarianism refers to vegetarian food along with seafood but does not include any meat such as beef, pork, poultry, and others).
- In addition, the rising concerns over premature skin aging and bone health and the high prevalence of cardiovascular diseases are accelerating the demand for fish around the globe.
Fish Industry Segmentation
Fish is considered 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 million) and volume (metric ton) for the above-mentioned segments.
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| Freshwater Fish | |
| Marine Water Fish |
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Fish Market Size Summary
The fish market is experiencing significant growth due to factors such as advancements in shipping, cold chain, and distribution channels, increased global fish production, and rising demand for protein-rich diets. Fish, being a low-fat source of protein and rich in vitamins and omega-3 fatty acids, is becoming a preferred alternative to high-calorie food products. Furthermore, government support and improved transport infrastructure are enhancing international trade, while initiatives like GPS-based databases for export-oriented aquaculture farms are ensuring traceability and quality control. The growing popularity of pescetarianism and concerns over skin aging and cardiovascular diseases are also contributing to the market growth. The fish market is also witnessing a rise in export-oriented aquaculture, which is driving fish production. This trend is supported by the rising demand for premium quality fish in the export market, leading to various initiatives to boost the fish export market. Trade agreements are also being made to enhance fish exports. The Asia Pacific region, particularly developing economies like India and China, is becoming a major market for fish due to its strong tradition of consuming and making authentic fish-related dishes. The rising production of fish, urbanization, increasing disposable income, and growing demand for premium quality food products are some of the driving forces in this market. Moreover, the introduction of high-pressure processing technology in fish processing is improving operational efficiency.
Explore MoreFish 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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1.3 Market Restraints
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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 Ivory Coast
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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 1.07 trillion in 2024 and grow at a CAGR of 2.60% to reach USD 1.22 trillion by 2029.
What is the current Fish Market size?
In 2024, the Fish Market size is expected to reach USD 1.07 trillion.
