Fish farming, also known as pisciculture, is the selective breeding of fish in the sea or artificial enclosures for food production purposes. It includes farming different fish species, including salmon, tuna, cod, trout, and halibut, through extensive, semi-intensive, and intensive methods. It involves the management of ponds, stock and water quality, and analysis of feed quality and quantity to maximize profit. Apart from this, it facilitates the yielding of high-quality fish with specific features for human consumption. It also aids in the sustainable use of water resources and promotes the conservation of biodiversity. At present, fish farming practice is performed in fresh, marine, and brackish water across the globe.
The growing global population, increasing consumption of protein-rich food, and the escalating demand for seafood represent the key factors positively influencing the market. In addition, rising consumer awareness about the health benefits of eating fish is creating a positive market outlook. In line with this, the increasing utilization of fish oil to formulate dietary supplements due to its high omega-3 fatty acid content is propelling the market growth. Moreover, the easy availability of seafood through various offline and online distribution channels that provide doorstep delivery and secured payment gateways is strengthening the market growth. Besides this, the integration of technologically advanced equipment, such as remotely operated vehicles (ROVs) and drones for monitoring fish farms without human intervention, is providing thrust to the market growth. The adoption of innovative solutions for the in-house cultivation of ornamental fish species in artificial environments is driving the market. Additionally, the employment of robotic cages to prevent diseases caused due to the cramped conditions of fish farms is creating a favorable market outlook. Furthermore, the increasing investments in research and development (R&D) activities to achieve a steady supply of fish are positively influencing the market. Moreover, favorable government initiatives to support fisheries are stimulating the market growth.
The report provides a techno-commercial roadmap for setting up an fish farming manufacturing plant. The study covers all the requisite aspects that one needs to know while making a foray into the fish farming industry. This ranges from macro overview of the market to micro details of the industry performance, key success and risk factors, manufacturing requirements, project cost, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the fish farming industry.
The project report covers the following aspects of the fish farming market:
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1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Research Methodology
3 Executive Summary
3.1 Market Scenario
3.2 Raw Material Requirements
3.3 Income Projections
3.4 Expenditure Projections
3.5 Profit Analysis
4 Global Fish Farming Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Market Breakup by Segment
4.4 Market Breakup by Region
4.5 Price Trends
4.5.1 Raw Material Price Trends
4.5.2 Fish Farming Price Trends
4.5.3 Product Margins
4.6 Market Forecast
5 Fish Farming Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Project Details, Requirements and Costs Involved
6.1 Land, Location and Site Development
6.1.1 Overview of Land Location
6.1.2 Project Planning and Phasing of Development
6.1.3 Environmental Impacts
6.1.4 Land Requirement and Expenditure
6.2 Plant Layout
6.3 Plant Machinery
6.3.1 Machinery Requirements and Costs
6.3.2 Machinery Suppliers
6.3.3 Machinery Pictures
6.4 Raw Materials
6.4.1 Raw Material Requirements
6.4.2 Raw Material Procurement
6.4.3 Raw Material Expenditure
6.4.4 Raw Material Suppliers
6.4.5 Raw Material and Final Product Pictures
6.5 Packaging Requirements and Expenditures
6.6 Transportation Requirements and Expenditures
6.7 Utilities Requirements and Expenditures
6.8 Manpower Requirements and Expenditures
7 Loans and Financial Assistance
8 Project Economics
8.1 Capital Cost of the Project
8.2 Operating Expenses
8.3 Expenditure Projections
8.4 Income Projections
8.5 Product Pricing and Margins
8.6 Taxation
8.7 Depreciation
8.8 Financial Analysis
8.8.1 Liquidity Analysis
8.8.2 Profitability Analysis
8.8.2.1 Payback Period
8.8.2.2 Net Present Value
8.8.2.3 Internal Rate of Return
8.8.2.4 Profit and Loss Account
8.8.3 Uncertainty Analysis
8.8.4 Sensitivity Analysis
9 Regulatory Procedures and Approval
10 Key Success and Risk Factors
List of Figures
Figure 1: Global: Fish Farming Market: Major Drivers and Challenges
Figure 2: Global: Fish Farming Market: Value Trends (in Million US$), 2017-2022
Figure 3: Global: Fish Farming Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 4: Global: Fish Farming Market: Breakup by Segment (in %), 2022
Figure 5: Global: Fish Farming Market: Breakup by Region (in %), 2022
Figure 6: Fish Farming Raw Materials: Price Trends, 2017 & 2022
Figure 7: Fish Farming: Price Trends, 2017 & 2022
Figure 8: Fish Farming: Margins Across Various Stages of the Supply Chain
Figure 9: Fish Farming Manufacturing Plant: Breakup of Operational Costs
Figure 10: Fish Farming Price Structure
Figure 11: Fish Farming: Manufacturing Process Flow
Figure 12: Fish Farming: Manufacturing Process: Conversion Rate of Feedstocks
Figure 13: Fish Farming Manufacturing Plant Layout
List of Tables
Table 1: Fish Farming Manufacturing Plant: Raw Material Requirements
Table 2: Fish Farming Manufacturing Plant: Project Planning
Table 3: Fish Farming Manufacturing Plant: Phasing of Development
Table 4: Fish Farming Manufacturing Plant: Environmental Impacts During Construction Phase
Table 5: Fish Farming Manufacturing Plant: Environmental Impacts During Operation Phase
Table 6: Fish Farming Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 7: Fish Farming Manufacturing Plant: Costs Related to Machinery
Table 8: Fish Farming Manufacturing Plant: List of Machinery Suppliers
Table 9: Fish Farming Manufacturing Plant: Costs Related to Raw Materials
Table 10: Fish Farming Manufacturing Plant: List of Raw Material Suppliers
Table 11: Fish Farming Manufacturing Plant: Costs Related to Packaging
Table 12: Fish Farming Manufacturing Plant: Costs Related to Utilities
Table 13: Fish Farming Manufacturing Plant: Costs Related to Salaries and Wages
Table 14: Fish Farming Manufacturing Plant: Capital Costs
Table 15: Fish Farming Manufacturing Plant: Operating Costs
Table 16: Fish Farming Manufacturing Plant: Taxation
Table 17: Fish Farming Manufacturing Plant: Depreciation
Table 18: Fish Farming Manufacturing Plant: Income Projections
Table 19: Fish Farming Manufacturing Plant: Expenditure Projections
Table 20: Fish Farming Manufacturing Plant: Liquidity Analysis Without Considering the Income Tax Liability
Table 21: Fish Farming Manufacturing Plant: Liquidity Analysis on Considering the Income Tax Liability
Table 22: Fish Farming Manufacturing Plant: Profitability Analysis Without Considering the Income Tax Liability
Table 23: Fish Farming Manufacturing Plant: Profitability Analysis on Considering the Income Tax Liability
Table 24: Fish Farming Manufacturing Plant: Profit and Loss Account
Table 25: Fish Farming Manufacturing Plant: Discount Factor Rate
Table 26: Fish Farming Manufacturing Plant: Sensitivity Analysis
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