Organic Fish Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.80 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Organic Fish Market Analysis
The organic fish market is projected to register a CAGR of 6.8% over the forecast period.
- The increasing adoption of organic farming by aquaculture farmers to improve productivity and nutritional content of products is positively influencing market growth. Furthermore, the shifting consumer preference for organic fish due to increased food-borne illnesses caused by pathogens such as salmonella and calicivirus found in conventionally cultured fish has increased product demand. Aside from that, there has been a significant shift from high-calorie foods to protein-rich diets due to increased awareness of their health benefits.
- Furthermore, the growing emphasis on sustainable development and rising consumer disposable incomes contribute to market growth. Moreover, governments in several countries are taking positive steps to encourage farmers to practice organic fish farming and, for example, starting campaigns to educate farmers about the benefits of organic farming.
- Other factors, including the growing health consciousness among consumers, easy availability of organic fish via online and offline retail channels, elevating sales of frozen organic fish products, and rapid growth in the food industry, are also anticipated to create a favorable market outlook.
Organic Fish Market Trends
Rising Health Awareness Promoting Demand
- Fish is an excellent source of protein, omega-3, omega-6 fatty acids, and several minerals and vitamins (including vitamin D). The American Heart Association recommends eating fish at least twice weekly as a healthy diet. It helps in healthy brain function and infant development of vision and nerves during pregnancy. Omega-3 fatty acids are abundant in oily fish, such as salmon and mackerel. Fish contains vitamin D. Thus, people living in areas above the arctic circle that do not receive adequate sunlight depend on fish for their daily vitamin D. These factors have driven the demand for fish.
- However, the conventional ways of farming fish are overcrowded and unhygienic ways can cause fish to accumulate toxins such as polychlorinated biphenyls (PCB), polybrominated diphenyl ethers (PBDEs), mercury, cadmium, dioxins, chlorinated pesticides and organophosphates from water. Fishes are susceptible to bioaccumulation, where heavy metal contaminants and toxins tend to concentrate in the upper levels of the food chain.
- Organic fish is packed with protein, vitamins, and nutrients that can lower blood pressure and help reduce the risk of a heart attack or stroke. Also, organically sourced fish are free from harmful chemicals, pesticides, and other toxins. Such factors have helped drive the demand for organic fish over the recent past.
- For instance, according to the Federal Ministry of Food and Agriculture survey, 29% of respondents in Germany most frequently bought organic fish from December 2022 to January 2023. Given the numerous benefits and potential risks, the demand for organically sourced fish is expected to rise.
Asia-Pacific Holds a Prominent Share in the Market
- Asia Pacific has emerged as a significant market for organic fish due to the increasing opportunities created by the developing economies in the region. As per the China Green Food Development Center, in 2021, the total area of organic aquaculture in China was estimated to be around 390.54 thousand hectares. The region also has a strong culture of consuming and preparing authentic fish-based dishes, which can be observed through the diverse offerings on restaurant menus.
- According to the National Bureau of Statistics of China, the average per capita consumption of aquatic products was about 16.7 kilograms in urban China in 2021. Moreover, developing economies such as India and China have become centers of some of the most popular fish-based cuisines globally.
- Furthermore, the increasing awareness about health and wellness has led to a rise in demand for clean-labeled fish products that are free from toxins, harmful chemicals, pesticides, and other contaminants. Fish is known to reduce the risk of chronic diseases and is a good source of omega fatty acids.
- With the growing urbanization and rising disposable income levels, along with various initiatives undertaken by regional governments, the organic fish market is expected to experience significant growth in the region in the coming years.
Organic Fish Industry Overview
The organic fish market is fragmented with the presence of many players. The major players focus on product development, mergers and acquisitions, partnerships, and expansion to strengthen their position in the market. High investments in research and development activities and product innovations have led them to gain a major market share. The major players are Anova Seafood B.V., Glenarm Organic Salmon Ltd., Royal Greenland A/S, The Irish Organic Salmon Co., and Dom International Limited.
Organic Fish Market Leaders
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Anova Seafood B.V.
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Glenarm Organic Salmon Ltd.
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Royal Greenland A/S
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The Irish Organic Salmon Co.
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Dom International Limited
*Disclaimer: Major Players sorted in no particular order
Organic Fish Market News
- February 2022: MOWI launched new organic Scottish salmon on Ocado. MOWI expanded its range of products by launching two new organic salmon products independently verified by the Soil Association. The new MOWI Scottish salmon fillets (240g) and mild smoked Scottish salmon slices (100g) are available on Ocado.com.
- January 2022: Organic Sea Harvest, a Skye-based organic salmon producer, launched a newly created plastic-free, compostable packaging solution for the packaging of organic salmon.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Salmon
5.1.2 Tuna
5.1.3 Other Types
5.2 Form
5.2.1 Fresh/Chilled
5.2.2 Frozen/Canned
5.2.3 Processed
5.3 Distribution Channel
5.3.1 On-Trade
5.3.2 Off-Trade
5.3.2.1 Convenience/Grocery Stores
5.3.2.2 Online Retail Stores
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Spain
5.4.2.2 United Kingdom
5.4.2.3 Germany
5.4.2.4 France
5.4.2.5 Italy
5.4.2.6 Russia
5.4.2.7 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East and Africa
5.4.5.1 South Africa
5.4.5.2 Saudi Arabia
5.4.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Anova Seafood B.V.
6.3.2 Artisanfish LLC
6.3.3 Dom International Limited
6.3.4 Glenarm Organic Salmon Ltd.
6.3.5 Royal Greenland A/S
6.3.6 Coombe Farm Organic
6.3.7 Mowi ASA
6.3.8 The Irish Organic Salmon Co.
6.3.9 Indigofish Eco Farms Private Limited
6.3.10 Global Union Agro & IT Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Organic Fish Industry Segmentation
Organic fish is produced by organic aquaculture methods. It is grown without chemicals, such as human-made pesticides, antibiotics, fertilizers, and genetically modified organisms (GMOs).
The organic fish market is segmented by type, form, distribution channel, and geography. Based on the type, the market is segmented into salmon, tuna, and others. Based on the form, the market is segmented into fresh/chilled, frozen/canned, and processed. Based on the distribution channel, the market is segmented into on-trade and off-trade. Off-trade is further segmented into convenience/grocery stores and online retail stores. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East&Africa).
The report offers market size and forecasts in value (USD million) for the above segments.
| Type | |
| Salmon | |
| Tuna | |
| Other Types |
| Form | |
| Fresh/Chilled | |
| Frozen/Canned | |
| Processed |
| Distribution Channel | ||||
| On-Trade | ||||
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| Geography | |||||||||
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Frequently Asked Questions
What is the current Organic Fish Market size?
The Organic Fish Market is projected to register a CAGR of 6.80% during the forecast period (2024-2029)
Who are the key players in Organic Fish Market?
Anova Seafood B.V., Glenarm Organic Salmon Ltd., Royal Greenland A/S, The Irish Organic Salmon Co. and Dom International Limited are the major companies operating in the Organic Fish Market.
Which is the fastest growing region in Organic Fish Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Organic Fish Market?
In 2024, the Asia-Pacific accounts for the largest market share in Organic Fish Market.
What years does this Organic Fish Market cover?
The report covers the Organic Fish Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Organic Fish Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Organic Fish Industry Report
Statistics for the 2024 Organic Fish market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Organic Fish analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
