7 Fish Farming Business Success Stories [2023]

Pat Walls

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Updated: July 24th, 2023

Start A Fish Farming Business

Fish farming, also known as aquaculture, is the practice of breeding, raising, and harvesting fish and other aquatic animals for food or other products. It is an increasingly popular and sustainable way to produce protein-rich food. It allows cultivating fish in a controlled environment, reducing the need to overfish wild populations.

To start a fish farming business, you will need a few key things:

A suitable location: You will need a location with access to water, either a pond or a tank. The water should be clean and have a consistent temperature.
Fish and other aquatic animals: You will need to decide what type of fish or marine animals you want to raise. Some popular choices include tilapia, catfish, and trout.
Equipment: You will need equipment such as tanks or ponds, pumps and filters to keep the water clean and oxygenated, and feeders to dispense food.
Expertise: It is helpful to have some knowledge of fish biology and aquaculture practices. You may want to consider taking courses or getting a degree in aquaculture or a related field.

Research the local regulations and obtain any necessary permits. It is essential to carefully plan and manage the operation to ensure the fish’s health and well-being and maximize your profits. Marketing and selling your products will also be necessary to run a successful fish farming business.

Here are some real life success stories of starting a fish farming business:

1. Malik's Fishand Water Garden ($45K/year)

Revenue

$3.75K / month

View case study

Team

1 founders / employees

Case Study

Malik King is the founder of Malik’s Fish Garden and a fish influencer from Toronto, Canada. He raises and sells uncommon and exotic fish as a side business while working as a freelance background artist in television & cinema.
Malik sells his fish to local people and wholesales it to retailers. He mainly obtains unusual fish from other collectors and certain well-known South American fishermen.
He breeds them for around one year and provides them per the customer’s need. He lives in one building flat, where he has 55 to 60 tanks for farming.
Malik is of Sri Lankan ancestry, and after suffering in the war-torn political environment, he & his family immigrated to Canada as political refugees when he was 12. He began growing fish at seven, motivated by his father.
Every month, he spends about $500 on fish meals and $100 on medicine. Aquamalik is his YouTube channel, where he gives fish farming guidance in live sessions.
He makes roughly $5000 per tank by selling the fish. His annual net revenue from this side activity is roughly $45,000.