Fresh Fish Market Size is projected to reach USD 276.66

New York, United States, Sept. 28, 2022 (GLOBE NEWSWIRE) — Fresh Fish are aquatic vertebrates lacking limbs with digits like fingers or toes but have gills. Animals with internal backbones are known as vertebrates. Most fish have streamlined bodies—any of the approximately 34,000 species of fish found worldwide in freshwater and saltwater. From the earliest jawless lampreys and hagfishes to the cartilaginous sharks, skates, and rays, the diversity and abundance of living species are astounding.

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Increasing Demand from Developed and Developing Economies Is Driving Market Growth

The market will be driven by the rising demand for and consumption of fresh fish products in established and developing nations. The Food and Agriculture Organization (FAO) reports that global food fish consumption has grown at a rate that is noticeably higher than the rate of population growth. The primary driver of the market is the increased fish production in developing nations like India and Indonesia. A rise in the consumption of fish meals high in protein has resulted in a boom in the market for fresh fish due to growing urbanization and the rising disposable income of the populace. Additionally, the variety of goods and increasing demand for high-quality food are anticipated to drive market expansion over the following years.

Increasing Export-Based Fish Production Due to Government Support Is Driving the Market Growth

Improvements in the cold chain, transportation, and distribution channels, as well as a rise in global fish product output, have all fueled the consumption of fish products. However, in recent years, the importance of foreign trade has increased due to better transportation infrastructure and increasing government assistance. For instance, the Marine Products Export Development Authority (MPEDA) in India has started a project to create a…