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The Freshwater Fish Industry is undergoing significant expansion, fueled by rising health awareness, growing consumer demand for protein-rich diets, and the rapid development of sustainable aquaculture practices. According to recent market analysis, the industry reached a valuation of USD 241.26 billion in 2023, with projections to grow steadily to USD 292.71 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 2.8% during the forecast period.

Around 51 percent of all fish species are found in freshwater, which is more than 18000 different species. Over the past few years, the demand for freshwater fish has increased steadily due to factors such as the growing population, rising consumer awareness about the health benefits of fish consumption, and growing aquaculture practices. The species that dominate the global market are Salmon, Trout, and Tilapia. During the forecast period, the market is expected to be influenced by rising environmental concerns, consumer preferences, regulations, and emerging trends such as alternative protein sources and technological advancements.

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Segmentation Analysis

According to the latest segmentation, the freshwater fish market is categorized by product type and form:

by Product

Pelagic
Demersal
by Form Fresh
Frozen

by Distribution Channel

Offline
Online

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Regional Insights

Asia Pacific Freshwater Fish Market held the largest share of the global market in 2023. China is a leading player in both freshwater fish production and consumption due to its large-scale aquaculture operations, high levels of domestic consumption, and extensive fish farming practices. The country produces a variety of freshwater fish species such as carp, tilapia, and catfish, among others. Indonesia is the second largest freshwater fish producer after China. The high demand for fish in the local diets and the presence of significant aquaculture activities in countries like India, Thailand, Indonesia, and Vietnam are majorly driving regional market growth.

Key players

Europe
1. Mowi (Norway)
2. Thai Union Group PCL (Thailand)
3. Cermaq Group AS (Norway)
4. Stolt Sea Farm (UK)
5. Stehr Group (Australia)
6. Leigh Fisheries (New Zealand)
7. Priory Fishery Ltd. (UK)

Asia Pacific
1. Hainan Xiangtai Fishery Co., Ltd (China)

Conclusion

The global freshwater fish market is witnessing healthy and sustained growth, anchored by rising global demand for healthy and sustainable protein sources. With strong support from aquaculture innovation, improved distribution systems, and consumer preference for organic and responsibly sourced food, the market is positioned for long-term expansion.

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