Rainbow Trout Market Research and Forecast 2018

Posted by vakhas on February 11th, 2019

Rainbow Trout Market: Introduction

Rainbow trout is a member of the salmon family. There are about 15 subspecies of rainbow trout, which are native to the western part of North America. Rainbow trout are found across the world. Rainbow trout inhabits in cold streams and river, while other subspecies spend part of their lives in the ocean.  Rainbow trout are popular game fish and are also an important food source for humans. The rainbow trout is an excellent alternative for protein and contains about 19 grams of protein in a three-ounce cooked rainbow trout.  Thus, rainbow trout are often cultivated in commercial farms throughout the globe.

Rainbow Trout Market: Dynamics

The key driving factor for the global rainbow trout market is the growing demand for wild-caught and farmed fish from a growing population. The significant increase in sales of rainbow trout owing to the rise in consumer preference regarding healthy food in developing economies is highly anticipated to drive the global rainbow trout market. Moreover, considerable growth in the consumption of seafood will create a significant opportunity for the global rainbow trout market over the forecast period. Furthermore, the new rule introduced in China regarding rainbow trout can be now labeled and sold domestically as salmon is highly anticipated to boost the demand for rainbow trout. As Rainbow Trout are high in Omega-3 fatty acids, they are gaining huge recognition among the health conscious population across the globe. All the above mentioned major influencing factors are highly anticipated to drive the global rainbow trout market over the forecast period. The key restraining factor such as high fish farming cost coupled with regular high maintenance factor may hinder the global rainbow trout market growth over the forecast period.

Rainbow Trout Market: Regional Outlook

Based on geographies, the global rainbow trout market is segmented into seven regions including North America, Latin America, Europe, CIS & Russia, Japan, APEJ (the Asia Pacific excluding Japan) and MEA. Among the above-mentioned countries, North America is estimated to account for a significant market share due to the presence of leading vendors and producer. APEJ is anticipated to witness a high growth in the global rainbow trout market owing to its growing economy with a huge population base that is ready to spend on healthy seafood. Moreover, Europe is projected to showcase optimistic growth in the global rainbow trout market due to the rise in the fish farming industry along with a boost in the standard of living across the region. MEA is one of the key promising regions which will generate notable opportunity in the global rainbow trout market over the forecast period due to the rise in per capita expenditure and an upsurge in foreign tourist in the region.  

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Rainbow Trout Market: Prominent players

Prominent players for the global rainbow trout market are Marine Harvest ASA, Albury Estate Fisheries, Cermaq Group AS, Lerøy Seafood Group ASA, AQUABEST SEAFOOD LLC., Grieg Seafood ASA, Clear Springs Foods, Torre Trout Farms Ltd, Rushing Waters Fisheries, Specialty Food Association, Inc. and other key market players. Prominent market players are committed to enhancing their rainbow trout farming capabilities to capture maximum market share in the global rainbow trout market. These companies are aiming at the expansion of production and supply capacity of rainbow trout to increase its overall profitability.