Market Overview:
The global rainbow trout market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for healthy and nutritious food, increasing awareness about the health benefits of consuming rainbow trout, and growing demand for frozen rainbow trout in developed countries. However, the high price of fresh rainbow trout may restrain the growth of this market during the forecast period. Based on type, fresh rainbow trout is expected to account for a larger share of the global Rainbow Trout Market than frozen Rainbow Trout duringthe forecast period from 2018to 2030. This can be attributed to its high nutritional value and increasing demand from consumers across regions.
Product Definition:
a trout that is a brightly colored, fresh water fish that is related to the salmon and is found in North America, Europe,.
Fresh Rainbow Trout:
Fresh Rainbow Trout is a species of fish in the Salmonid family. It is also known as Pacific trout and Atlantic salmon. Freshly captured fish has more nutrients and proteins than other forms of seafood which makes it taste better, look better, smell better and be more tender when cooked. The best way to keep freshness in this form of seafood is by not freezing it but rather by storing it at a very cold temperature below 0°C (32°F).
Frozen Rainbow Trout:
Frozen Rainbow Trout or sometimes called as Pacific salmon is a species of fish belonging to the Salmon family. It is an important food source in many cultures and has been farmed commercially for thousands of years. The primary reason for its cultivation is its rich content of omega-3 fatty acids, which helps in reducing the risk associated with Cardiovascular Diseases (CVDs) such as arrhythmia and heart failure.
Application Insights:
The market is segmented into direct sales and indirect sales. The former was valued at USD 2.97 billion in 2017 owing to the expansion of retail network by the major brands including Walmart, Target, Amazon and others. The expansion of retail network by these companies is a key factor driving the segment growth as they offer premium quality products through an extensive distribution channel with low prices compared to traditional fish markets.
Indirect sales are expected to witness significant growth over the forecast period due to rising production volume in several countries such as China, Vietnam, Indonesia and others which has resulted in increased utilization of frozen product for food service applications or for use by hotels & restaurants on a budgeting basis (i.e., cost per serving). This trend will benefit Rainbow Trout farmers across the globe as this application requires frozen product only while serving freshness during consumption occasions thus promoting demand from both sides i.e.
Regional Analysis:
North America was the largest regional market in 2017 and accounted for a share of more than 30%. The region is expected to maintain its dominance over the forecast period. Increasing demand for salmon in restaurants, hotels, and food chains is one of the key factors driving industry growth. Moreover, rising awareness regarding healthy eating habits among consumers has resulted in increased consumption of seafood products including salmonid fish such as Oncorhynchus spp., which will drive industry growth over the forecast period.
Asia Pacific is projected to be one of fastest-growing regions with a CAGR exceeding 5% from 2018 to 2030 owing to increasing health consciousness among consumers along with growing income levels especially in China and India will have a positive impact on product sales volume. Furthermore, expansion plans by various companies including Marine Harvest; Farmed Salmon Ireland; Novozymes A/S (Denmark) are anticipated to fuel product demand during the estimated time span.
Growth Factors:
- Increasing demand for healthy and nutritious food products is driving the growth of the rainbow trout market.
- Rainbow trout are a good source of omega-3 fatty acids, which are beneficial for human health. This is fueling the demand for rainbow trout in the global market.
- The increasing popularity of aquaculture is contributing to the growth of the rainbow trout market worldwide.
- The rising disposable income of consumers in developing countries is propelling demand for premium quality seafood products, including rainbow trout.
- . Technological advancements in fish farming and processing are providing a boost to the global rainbow trout market
Scope Of The Report
Report Attributes
Report Details
Report Title
Rainbow Trout Market Research Report
By Type
Fresh Rainbow Trout, Frozen Rainbow Trout
By Application
Direct Sales, Indirect Sales
By Companies
Mowi ASA, Leroy Seafood Group, Cermaq, Grieg Seafood, Clear Springs Foods, Torre Trout Farms, Sunburst Trout Farms, Rushing Waters Fisheries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Rainbow Trout Market Report Segments:
The global Rainbow Trout market is segmented on the basis of:
Types
Fresh Rainbow Trout, Frozen Rainbow Trout
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Direct Sales, Indirect Sales
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mowi ASA
- Leroy Seafood Group
- Cermaq
- Grieg Seafood
- Clear Springs Foods
- Torre Trout Farms
- Sunburst Trout Farms
- Rushing Waters Fisheries
Highlights of The Rainbow Trout Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fresh Rainbow Trout
- Frozen Rainbow Trout
- By Application:
- Direct Sales
- Indirect Sales
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Rainbow Trout Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Rainbow trout are a type of trout that have colorful spots on their bodies.
Some of the major companies in the rainbow trout market are Mowi ASA, Leroy Seafood Group, Cermaq, Grieg Seafood, Clear Springs Foods, Torre Trout Farms, Sunburst Trout Farms, Rushing Waters Fisheries.
The rainbow trout market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rainbow Trout Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Rainbow Trout Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rainbow Trout Market - Supply Chain
4.5. Global Rainbow Trout Market Forecast
4.5.1. Rainbow Trout Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rainbow Trout Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rainbow Trout Market Absolute $ Opportunity
5. Global Rainbow Trout Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Rainbow Trout Market Size and Volume Forecast by Type
5.3.1. Fresh Rainbow Trout
5.3.2. Frozen Rainbow Trout
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rainbow Trout Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Rainbow Trout Market Size and Volume Forecast by Application
6.3.1. Direct Sales
6.3.2. Indirect Sales
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rainbow Trout Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Rainbow Trout Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Rainbow Trout Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Rainbow Trout Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Rainbow Trout Demand Share Forecast, 2019-2026
9. North America Rainbow Trout Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Rainbow Trout Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Rainbow Trout Market Size and Volume Forecast by Application
9.4.1. Direct Sales
9.4.2. Indirect Sales
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rainbow Trout Market Size and Volume Forecast by Type
9.7.1. Fresh Rainbow Trout
9.7.2. Frozen Rainbow Trout
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Rainbow Trout Demand Share Forecast, 2019-2026
10. Latin America Rainbow Trout Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Rainbow Trout Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Rainbow Trout Market Size and Volume Forecast by Application
10.4.1. Direct Sales
10.4.2. Indirect Sales
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rainbow Trout Market Size and Volume Forecast by Type
10.7.1. Fresh Rainbow Trout
10.7.2. Frozen Rainbow Trout
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Rainbow Trout Demand Share Forecast, 2019-2026
11. Europe Rainbow Trout Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Rainbow Trout Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Rainbow Trout Market Size and Volume Forecast by Application
11.4.1. Direct Sales
11.4.2. Indirect Sales
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rainbow Trout Market Size and Volume Forecast by Type
11.7.1. Fresh Rainbow Trout
11.7.2. Frozen Rainbow Trout
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Rainbow Trout Demand Share, 2019-2026
12. Asia Pacific Rainbow Trout Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Rainbow Trout Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Rainbow Trout Market Size and Volume Forecast by Application
12.4.1. Direct Sales
12.4.2. Indirect Sales
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rainbow Trout Market Size and Volume Forecast by Type
12.7.1. Fresh Rainbow Trout
12.7.2. Frozen Rainbow Trout
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Rainbow Trout Demand Share, 2019-2026
13. Middle East & Africa Rainbow Trout Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Rainbow Trout Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Rainbow Trout Market Size and Volume Forecast by Application
13.4.1. Direct Sales
13.4.2. Indirect Sales
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rainbow Trout Market Size and Volume Forecast by Type
13.7.1. Fresh Rainbow Trout
13.7.2. Frozen Rainbow Trout
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Rainbow Trout Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Rainbow Trout Market: Market Share Analysis
14.2. Rainbow Trout Distributors and Customers
14.3. Rainbow Trout Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mowi ASA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Leroy Seafood Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cermaq
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Grieg Seafood
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Clear Springs Foods
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Torre Trout Farms
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sunburst Trout Farms
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Rushing Waters Fisheries
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
