The Fish Market size is expected to grow from USD 1.04 trillion in 2023 to USD 1.19 trillion by 2028, at a CAGR of 2.60% during the forecast period (2023-2028). Key Highlights.
New York, Aug. 10, 2023 (GLOBE NEWSWIRE) — announces the release of the report "Global Fish Market Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)" –
The Fish Market size is expected to grow from USD 1.04 trillion in 2023 to USD 1.19 trillion by 2028, at a CAGR of 2.60% during the forecast period (2023-2028).

Key Highlights
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 Market Trends

Export-oriented Aquaculture to Drive the Fish Production

Fish are increasingly becoming a primary source of protein, livelihoods, foreign exchange, and well-being of the population around the globe. Aquaculture has expanded steadily in the past few years. According to the Food and Agriculture Organization (FAO), global fish consumption has increased at a growth rate significantly above that of the world population.
The growing demand for fish in the export market directly relates to producing premium quality fish. Governments and several players in the market are taking various initiatives to boost the fish export market. For instance, in Indonesia, the Program to Increase Fisheries Exports (PROTEKAN) aims to strengthen fisheries exports. Therefore, increasing export-oriented fish production will likely increase global fish production and consumption further.
Moreover, many countries are doing trade agreements to boost fish export. For instance, as a member of ASEAN, Vietnam is involved in several bilateral and free trade agreements, which created a huge demand for Vietnamese aquaculture products, including fish, in major economies, such as the United States, North America, China, and India. Likewise, in 2020, the European Union and Vietnam signed a free trade agreement that opened the way for more seafood products such as fish to flow into the European Union (EU).
As per Ineternational Trade Center (ITC) Trademap, the total global exports of live fish in 2020 was USD 1.80 billion, which increased by 24.9% and reached USD 2.25 billion in 2021.. Since there is export-oriented cultivation happening around the globe, there is more likelihood of the market expanding because more and more people will invest in the fish market, hence the quality of the fish that will be produced will be better, and this is expected to boost the fish demand considerably around the globe during the forecast period.

Asia Pacific Dominates the Market

Asia Pacific has grown to be one of the major markets for fish, owing to opportunities facilitated by the developing economies in this region. Across the region, developing economies such as India and China are becoming the centers of some of the most popular fish-related cuisines in the world. The region has a strong tradition of consuming and making authentic fish-related dishes, which can be witnessed by the level of offerings across their restaurants’ menus.
The rising production of fish in the countries, namely India and Indonesia, is one of the major driving forces in the market. The fish market has been witnessing growth due to factors such as growing urbanization and increasing disposable income the people, which has led to a rise in the consumption of protein-rich fish food. Moreover, the growing demand for premium quality food products due to the freshness and diversity of the products is expected to boost the market growth over the forecast period.
Furthermore, governments in the region are identifying the significance and potential of fisheries and aquaculture. For instance, in May 2020, the GOI approved the Pradhan Mantri Matsya Sampada Yojana (PMMSY) in India with an aim of sustainable and responsible fisheries sector development.
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 being widely used in fish processing. The Seafood Company, a Singapore-based company, uses HPP technology for seafood processing.
Therefore, with the growing urbanization and increasing disposable income of the people, along with various initiatives taken by the regional governments and considering the aforementioned factors, the fish market is anticipated to grow during the coming years in the region.

Fish Industry Overview

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report:

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.


When it comes time to start taking your retirement income, you'll hopefully have an array of options available to you. Just be sure to avoid these mistakes.
There's little consensus on Wall Street as to where Tesla stock goes heading into the fall.
(Bloomberg) — The history of commodity markets is littered with fraud and risk, and the opaque trade in scrap metal is no exception. But even veterans with decades of experience say they’ve never seen anything like the scam now rocking one of the world’s top copper recyclers.Most Read from BloombergTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted GoneSaola Departs Hong Kong After Bringing Destructive WindsMohamed Al Fayed, Tycoon Who Clashed With Royals, Dies at 94Tesla Refreshes
(Bloomberg) — Europe’s top copper producer Aurubis AG warned it may face losses in the hundreds of millions of euros after being hit by a massive scam involving shipments of scrap metal that it uses in its recycling business.Most Read from BloombergEurope's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon FootprintHong Kong Slammed by Saola, Biggest Typhoon Since 2018Hong Kong Shuts Down City Before Super Typhoon Saola HitsFake Spare Parts Were Supplied to Fix Top-Selling
(Bloomberg) — Oil prices surged above $85 as a monthslong effort by OPEC+ to reduce supplies gripped the physical market and China showed a new resolve to bolster its economy, a key engine of global crude consumption.Most Read from BloombergTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted GoneSaola Departs Hong Kong After Bringing Destructive WindsMohamed Al Fayed, Tycoon Who Clashed With Royals, Dies at 94Tesla Refreshes Model 3 and Slashes Prices of Top-End CarsFake Spare Parts
The San Francisco bank is tight-lipped on what the layoffs mean for the company's recovery from a series of scandals.
After years of scrimping and saving, investing wisely and working diligently your reward could be the luxury of an early retirement – and a big drop in your IQ. New research conducted by faculty at Binghamton University, State University of New … Continue reading → The post Will Early Retirement Rot Your Brain? appeared first on SmartAsset Blog.
Energy stocks may be poised to have a moment in 2023 with U.S. oil prices settling above $80 per barrel.
For some people, retirement can feel a bit like the dog that caught the car. You've prepared for this moment your entire adult life, and you're certainly very happy to have gotten here but … well, now what? You've spent … Continue reading → The post Five Tips to Enjoy Life After Retirement appeared first on SmartAsset Blog.
Long before quiet quitting, boomers rejected "working for the man," says UNC sociologist Arne Kalleberg, "which is exactly what’s happening now."
Todd Dunn hasn’t seen a strike since he became a vehicle assembly technician at Ford Motor Co.'s Kentucky Truck Plant 28 years ago — but two weeks from now, he could be leading a picket line. That brings a little bit of, not nervousness, but anxiety because you want to be there for your members.
People following early retirement plans like the popular Financial Independence, Retire Early (FIRE) approach have a new ally in their arsenal — ChatGPT. The leading artificial intelligence (AI) language model gives people an array of personalized tools to help them prepare for early retirement. It also can guide them on where to live and how to stay engaged during their lengthy golden years. If someone needs some extra cash to fund their lifestyle, they can also use ChatGPT to make some side mo
Kevin Meyersburg, who is white, says in a lawsuit that the Wall Street investment bank terminated his employment and replaced him with a Black woman who is less qualified for the position. Morgan Stanley declined to comment.
Retiring at age 50 would be a dream for most people, as it would leave you with a few decades of time and, hopefully, health, to enjoy your life. The key to achieving this dream, though, is to put aside … Continue reading → The post Can I Retire at 50 With $1.5 Million? appeared first on SmartAsset Blog.
As oil prices rallied to 2023 highs Friday, oil stock Baker Hughes scored a breakout from this buy point.
Coyote, a $5.2 billion freight broker, just announced layoffs for the second time this year. The trucking industry is in a recession. The post Coyote Logistics restructures, lays off unspecified number appeared first on FreightWaves.
New drug approvals and pipeline progress are likely to help maintain momentum for the Zacks Biomedical and Genetics industry. A strong portfolio and a solid pipeline progress position EXEL, DVAX, ACLX, ANIP and VNDA well amid volatility.
America's biggest retailer is gaining momentum despite inflation.
Amazon (AMZN) introduces the Buy with Prime app for Shopify, which lets Prime members avail Prime benefits while shopping from Shopify stores or merchants.
Pop quiz: True or False – Social Security retirement benefits are subject to income tax just like withdrawals from a traditional IRA account. If you answered "False," you're smarter than more than 60% of your fellow Americans nearing retirement. In … Continue reading → The post Can You Pass This Social Security Quiz? Nearly 7 in 10 People Struggle With These Basic Questions appeared first on SmartAsset Blog.