The global trout market is growing

Credit: Adobe stock
Credit: Adobe stock

According to the latest report by IMARC Group, titled "Trout Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global trout market is expected to exhibit a CAGR of 6.2% during 2022-2027.

Significant growth in the aquaculture industry and the rising exports of freshwater fish species represent the primary factors driving the market growth. Additionally, with the surging health consciousness, individuals are replacing high-calorie food products with protein-rich foods in their diet. In line with this, the shifting consumer preferences toward processed, canned, and chilled trout with prolonged shelf life due to sedentary lifestyles and hectic schedules has augmented the product demand.

Furthermore, the leading manufacturers are utilizing innovative aquaculture practices to improve productivity and prevent disease outbreaks in trout species. Along with this, the widespread adoption of advanced technologies by key players to improve the trout supply and yield through constant growth and health monitoring has propelled the market growth.

Besides this, the increasing number of quick-service restaurants (QSR) and seafood-based eateries that serve gourmet and inter-continental trout dishes is also contributing to the market growth.

Other factors, including the launch of new value-added trout products, such as supplements and fillets, improving fish farming practices, stringent seafood safety regulations, changing dietary habits, and ongoing research and development (R&D) activities, are also providing a positive thrust to the market growth.

The competitive landscape of the industry has also been examined along with the profiles of the key players such as:

  • Cermaq Group AS
  • Grieg Seafood ASA
  • Mowi ASA
  • Lerøy Seafood Group ASA

Trout is a species of freshwater fish belonging to the Salmonidae family. Some of the most commonly available trout variants include rainbow trout, golden trout, Ohrid trout, sea trout, brook trout, and brown trout. They are rich in essential nutrients, such as omega-3 fatty acids, protein, niacin, vitamin B12, selenium, calcium, potassium, and healthy fats.

They assist in regulating cholesterol levels, building muscular strength, repairing damaged tissues, reducing inflammation, minimizing the risk of cardiovascular diseases, improving metabolism, and enhancing digestive health. As a result, trout has gained immense popularity as a healthy seafood option across the globe due to its nutritional value and taste.

About IMARC Group

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Related Stories

No stories found.