Rainbow Trout Market in Numbers
- Rainbow trout sales are envisaged to witness an incremental opportunity of ~US$ 2 Bn between 2019 and 2029. With health & wellness trend firming up, seafood consumption is observing a significant rise, thereby contributing to the market value of rainbow trout.
- The rainbow trout market is estimated to register a healthy CAGR of ~5% through 2029.
- Russia will remain the leading market for rainbow trout, with an annual per capita fish consumption of ~22 kg. Being the second leading importer of rainbow trout, Russia continues to remain a mine of opportunities for stakeholders, who are keen on capitalizing on the unmet demand for fish.
- East Asia is expected to remain the high-growth market for rainbow trout, as Japan’s consumption of seafood has progressed drastically over the recent past. Japan is currently the world’s leading importer of seafood, specifically rainbow trout.
Competition Landscape – Rainbow Trout Market
According to the latest Fact.MR study, the competition landscape of rainbow trout market is characterized by a large number of small-scale companies, which collectively hold 3/5th shares in the global market revenues. Market forerunners, such as Cermaq Group AS, Clear Springs Foods, Grieg Seafood ASA, Lerøy Seafood Gropup ASA, and Mowi ASA are emphasizing strategic M&A and expansions. Diversification of the current offerings will be a key differentiating strategy of participants in the rainbow trout market. In an effort to explore multiple facets of the value chain, an increasing number of players are opting for indirect distribution channels to improve sales.
While strategic collaborations/partnerships and joint ventures with local players are likely to remain the primary developmental strategies of leading players, in high-demand regions, a large number of companies dealing in rainbow trout are investing efforts in tapping fish imports of key countries of specific regional markets. Rainbow trout market players are also considering it imperative to establish aquaculture sites in high-demand regions, which is eventually expected to underpin gains, through steady supply of rainbow trout to the seafood processing sector.
Heavy investments in improving fish farming infrastructure and growing focus on revisiting the alignment of core competencies with different regional regulations, are collectively complementing the growth of rainbow trout market. Companies, such as Grieg Seafood ASA are well equipped with the latest digital innovations that are capable of tracking the growth of rainbow trout to help companies arrive at well informed decision regarding farming of rainbow trout.
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Key Determinants Shaping the Rainbow Trout Market
- Growing focus of consumers on healthful ingredients, coupled with grocers’ swimmingly successful merchandising, promotions and sampling, is assisting the sales of rainbow trout.
- A relatively cheaper price point of rainbow trout has been a strong factor accounting for the healthy growth in consumption.
- As ‘protein-rich’ remains a paramount inclusion of dietary recommendations, rainbow trout and other similar fish varieties continue to reflect high sales potential. The revenues of rainbow trout market remain significantly influenced by the sustained consumption registered by consumers as well as food processing companies. The rich protein profile of rainbow trout continues to position it as a viable substitute for protein.
- Digitalisation is enabling the health monitoring of rainbow trout, which is further contributing to improved fish supply. Rainbow trout farming companies have been thus using a range of digital tools to achieve enhanced yield through their health check.
- The seafood processing sector has been expanding at a pace, and is generating significant demand for healthier ingredients, such as rainbow trout fillets.
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Key Challenges Facing Stakeholders in Rainbow Trout Market
- As food processing companies are investing considerable efforts in alignment of their offerings with the vegan trend, vegan substitutes for seafood are gaining ground at a rapid pace. An emerging trend of fish-free seafood is creating significant challenges for the stakeholders in fish farming landscape, including those dealing in rainbow trout.
- High capital investments required for fish farming, coupled with high maintenance and operating costs, continue to forestall new investment projects in the rainbow trout market. Increasing adoption of advanced technologies and the continuing research in non-conventional fish farming practices are however expected to create a novel, economically sustainable market outlook for rainbow trout.
- High vulnerability of rainbow trout to sea lice continues to be a longstanding impedance to high-quality, clean production of rainbow trout, which is among the most concerning factor restricting rapid growth of the rainbow trout market.
- Habitat destruction has been the toughest threat to biodiversity, and rainbow trout is no exception. The market growth thus remains restricted in the long run.
Additional Insights
Indirect Sales- A Vital Revenue Pocket for Rainbow Trout Vendors
There has been a significant surge in the use of indirect distribution channels, such as modern trade, wet market, and speciality food stores, in recent years, which is enhancing the reach of rainbow trout. While this has been a key booster to sales of rainbow trout, indirect sales channels will remain a major contributor. Growing penetration of the indirect channels of distribution as a source of increasing product reach while eliminating distance barriers is creating lucrative growth opportunities for stakeholders.
China’s Rainbow Trout Market Undergoing a Major Unrest
In the backdrop of a recently released proposal that made it justifiable for China’s fishery sector operators to label rainbow trout as salmon, the rainbow trout sales saw a significant plunge owing to a strong disagreement of Chinese consumers. As a result of the plummeting sales of rainbow trout in the country, it was observed that the prices are witnessing a whopping 30-60% fall. Several online sellers are also shuttering their stores, in line with this declining rainbow trout sales scenario. However, on the other hand, companies may also tap the potential opportunities in rainbow trout sales as a cheaper alternative to the traditionally expensive salmon variants.
Rainbow Trout Market – Research Methodology
A holistic approach and a defined methodology form the foundation of exclusive insights provided in the rainbow trout market report. The Fact.MR study offers comprehensive information about the growth forecast of the rainbow trout market, and provides a systematic breakdown of the taxonomy and growth influencers of the rainbow trout market. Comprehensive primary as well as secondary research are employed to present actionable insights into the projection analysis of rainbow trout market. The report on rainbow trout market has gone through several validation tunnels to ensure that rainbow trout market dynamics provided in the are one of its kind.
A recently piloted study of Fact.MR, titled “Rainbow Trout Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019-2029,” offers a detailed analysis on the rainbow trout market worldwide. Size of the rainbow trout market has been analyzed thoroughly and is provided in terms of value (US$ Bn) and volume metric tons. The report also gives a comprehensive analysis and futuristic outlook of the segments and the competitive landscape of the rainbow trout market.
Chapter 1- Rainbow Trout Market Executive Summary
A concise summary of rainbow trout market has been provided in the first chapter of the report, which offers a synopsis of significant findings in the market and information related to the market structure. Opportunity assessment for various companies that are operating in the rainbow trout market has been offered in the report with the aid of Wheel of Fortune.
Chapter 2- Rainbow Trout Market Overview
The report sheds light on the landscape of the rainbow trout market by offering introduction and the definition of the target product. A systematic breakdown of the rainbow trout market has been given in this chapter of the report.
Chapter 3- Rainbow Trout Key Market Trends
In the third chapter of the report, information about the latest trends that are influencing the growth of the market are given. The unique development trends in the rainbow trout market have been provided in the report.
Chapter 4- Rainbow Trout: Countries with Rapid Growth
This chapter sheds light on the various countries that are growing at a rapid place in the rainbow trout market. These countries include, Japan, Australia, Norway, Iran, and Chile.
Chapter 5 - Better Fillet Yield from Selective Breeding Programs
This chapter sheds light on why rainbow trout is important in the European Union, and why the production is still not increasing in the region. Change in trout production trend and various disease and control measure have also been given in the report.
Chapter – 6 Rainbow Trout Trade (Import - Export) by Key Countries / Regions
This chapter provides information about the different countries and regions that are active in rainbow trout trade (import export).
Chapter 7 – Country Wise Rainbow Trout Consumption from Domestic and Import Sources
This chapter talks about the country wise rainbow trout consumption from domestic and import sources. Rainbow trout consumption analysis of different regions has been provided in this chapter.
Chapter 8- Global Rainbow Trout Market - Regulation Analysis
This chapter talks about the different regulations in place across various regions, such as Generally Regarded as Safe (GRAS), FDA regulation, and quality compliances, including kosher certification, halal certification, and organic certification.
Chapter 9 – Market Background
This section of the report on rainbow trout market sheds light on the background of the market, wherein myriad factors that have been influencing the demand for rainbow trout market are discussed.
Chapter 10- Global Rainbow Trout Market Demand Analysis 2014 - 2018 and Forecast, 2019-2029
The detailed analysis and forecast on rainbow trout market has been provided in this chapter. Imperative numbers, including the historical, current and projection size of the rainbow trout market is given in terms of volume (‘000 tonnes).
Chapter 11- Pricing Analysis
This part of the report provides succinct pricing evaluation of the rainbow trout market across various regions. An exhaustive overview of the pricing structure till 2029 and significant factors that are shaping the growth of the market for rainbow trout are given in the report.
Chapter 12- Global Rainbow Trout Market Demand (in Value or Size in US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029
The detailed analysis and forecast on rainbow trout market has been provided in this chapter. Imperative numbers, including the historical, current and projection size of the rainbow trout market is given in terms of value (US$ Mn).
Chapter 13- Global Rainbow Trout Market Analysis 2014-2018 and Forecast 2019-2029, By Product Type
This section of the report on rainbow trout market offers laser sharp information about the key market particulars, breakdown and projection of the market based on product type.
Chapter 14- Global Rainbow Trout Market Analysis 2014-2018 and Forecast 2019-2029, By Catch Type
This section of the report on rainbow trout market offers laser sharp information about the key market particulars, breakdown and projection of the market based on catch type. Based on catch type the market is segmented into aqua-cultured and wild-captured.
Chapter 15- Global Rainbow Trout Market Analysis 2014-2018 and Forecast 2019-2029, By Form
This part of the report on rainbow trout market offers laser sharp information about the key market particulars, breakdown and projection of the market based on form.
Chapter 16- Global Rainbow Trout Market Analysis 2014-2018 and Forecast 2019-2029, By Sales Channel
This chapter of the report on rainbow trout market offers authentic information about the key market particulars, breakdown and projection of the market on the basis of sales channel.
Chapter 17 – Global Rainbow Trout Market Analysis 2014-2018 and Forecast 2019-2029, by Region
This part of the report on rainbow trout market provides information pertaining to the significant market particulars, breakdown and forecast of the market across various regions,
Chapter 18 - North America Rainbow Trout Market Analysis 2014 - 2018 and Forecast 2019-2029
This chapter of the report on rainbow trout market provides insights pertaining to North America rainbow trout market, and the regional trends that are impacting the growth of the market in this region.
Chapter 19 – Latin America Rainbow Trout Market Analysis 2014 - 2018 and Forecast 2019-2029
This chapter of the report on rainbow trout market provides insights pertaining to Latin America rainbow trout market, and the regional trends that are impacting the growth of the market in this region.
Chapter 20 – Europe Rainbow Trout Market Analysis 2014 - 2018 and Forecast 2019-2029
This section of the report on rainbow trout market provides insights pertaining to Europe rainbow trout market, and the regional trends that are impacting the growth of the market in this region.
Chapter 21 – South Asia Trout Market Analysis 2014 - 2018 and Forecast 2019-2029
This section of the report on rainbow trout market provides insights pertaining to South Asia rainbow trout market, and the regional trends that are impacting the growth of the market in this region.
Chapter 22 – East Asia Trout Market Analysis 2014 - 2018 and Forecast 2019-2029
This section of the report on rainbow trout market provides insights pertaining to East Asia rainbow trout market, and the regional trends that are impacting the growth of the market in this region.
Chapter 23 – Oceania Trout Market Analysis 2014 - 2018 and Forecast 2019-2029
This chapter of the report on rainbow trout market offers insights related to Oceania rainbow trout market, and the regional trends that are shaping the growth of the market in this region.
Chapter 24 – Middle East & Africa Market Analysis 2014 - 2018 and Forecast 2019-2029
This chapter of the report on rainbow trout market offers insights related to Middle East & Africa rainbow trout market, and the regional trends that are shaping the growth of the market in this region.
Chapter 25 - Emerging Countries Rainbow Trout Market Analysis 2014-2018 and Forecast 2019-2029
This part of the report sheds light on the key dynamics related to emerging countries rainbow trout market. In this chapter information about the market performance has been provided for the regions, including Turkey and India.
Chapter 26 – Market Structure Analysis
This section of the report on the market structure analysis of rainbow trout market provides detailed outlook of the competition dashboard along with market structure, and company share analysis, apart from the enlisting the players operating in the rainbow trout market.
Chapter 27 - Competition Analysis
This significant chapter provides exhaustive assessment on the rainbow trout market’s structure, and encompasses company profiles of all key players in this market. Some of the companies profiled in this report are
- Albury Estate Fisheries
- Lerøy Seafood Group ASA
- Torre Trout Farms Ltd
- Aquabest Seafood LLC
- Rushing Waters Fisheries
- Grieg Seafood ASA
- Specialty Food Association, Inc.
- Marine Harvest ASA
- Clear Springs Foods
- Cermaq Group AS
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Rainbow Trout Market Forecast, Trend Analysis & Competition Tracking: Global Market Insights 2019 to 2029