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Shark Meat Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 103
  • SKU: IRTNTR70445
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The shark meat market share is expected to increase by USD 128.96 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 2.44%.

This shark meat market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers shark meat market segmentations by product (shark fin and shark meat) and geography (APAC, Europe, North America, South America, and MEA). The shark meat market report also offers information on several market vendors, including ALL EASY GO FROZEN SEAFOOD CO. Ltd., Aquafin Trade Inc., Citarella, East Coast Seafood LLC, Fujian Haoyuan Food Co. Ltd, Gaudets Seafood, Macs Seafood Ltd, Marder Trawling Inc., Premier Seafood Ltd., and Wenzhou Haideli Shark Products Co., Ltd. among others.

What will the Shark Meat Market Size be During the Forecast Period?

Shark Meat Market Size

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Shark Meat Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The high nutritional value is notably driving the shark meat market growth, although factors such as overexploitation and depletion of fish stocks may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the shark meat industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Shark Meat Market Driver

The high nutritional value is notably driving the shark meat market growth. The global demand for shark meat has increased as it is a rich source of key nutrients, including trace minerals and omega-3 fatty acids. A 3.5-ounce serving of shark can provide 21-gram protein and 4.5 grams of fat. It is also a good source of magnesium and selenium, an important nutrient for sperm production. Some of the primary health benefits of shark meat include boosting the immune system and acting as a powerful antioxidant with vitamin E to prevent cell damage caused by free radicals. Shark meat has a high content of omega-3 fatty acids. Consumption of omega-3 fatty acids helps in promoting cardiovascular and cognitive health and lowers the chances of stroke and heart attacks. These benefis will drive the market growth during the forecast period.

Key Shark Meat Market Trend

The growth prospects in e-commerce is the key trend in shark meat market growth. The growing sales of seafood products such as shark meat through e-commerce channels is an emerging trend. E-commerce platforms such as Amazon.com, Walmart, and Flipkart deliver food items right to the doorstep of the customers. For instance, Sea to Table offers Wild-Caught Atlantic Spiny Dogfish Fillets on its website sea2table.com and Amazon.com. As such, the increasing penetration rate of e-commerce across developed countries such as the US, as well as emerging markets of China and India, is expected to be a positive pointer for the global shark meat market during the forecast period.

Key Shark Meat Market Challenge

Overexploitation and depletion of fish stocks is the major challenge impeding the shart meat market growth. Even though commercial fishing and aquaculture are driving the market, overexploitation and depletion of marine species are the major challenges for the global shark meat market. Commercial fishing has adversely affected fish stock. Overfishing is a major challenge and a threat to the survival of several shark species. International trade of high-value fins, meat, liver oil, cartilage, and skin is mainly resulting in the depletion of fish stocks. Several shark species are particularly vulnerable to overexploitation due to their conservative life. It is estimated that annual fishing mortality exceeds the intrinsic rebound potential of most commercially exploited shark species as they take a long time to mature. 

This shark meat market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global shark meat market is a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the shark meat market during the forecast period.

Who are the Major Shark Meat Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ALL EASY GO FROZEN SEAFOOD CO. Ltd.
  • Aquafin Trade Inc.
  • Citarella
  • East Coast Seafood LLC
  • Fujian Haoyuan Food Co. Ltd
  • Gaudets Seafood
  • Macs Seafood Ltd
  • Marder Trawling Inc.
  • Premier Seafood Ltd.
  • Wenzhou Haideli Shark Products Co., Ltd.

 

This statistical study of the shark meat market encompasses successful business strategies deployed by the key vendors. The shark meat market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Citarella - The company offers lobster, cape shark, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The shark meat market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Shark Meat Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the shark meat market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Shark Meat Market?

Shark Meat Market Market segmentation by region

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45% of the market's growth will originate from APAC during the forecast period. China is the key market for shark meat market in APAC. Market growth in this region will be faster than the growth of the market in Europe, North America and MEA.

Factors such as the expanding population base, growing awareness about the benefits of seafood, and increased disposable income will facilitate the shark meat market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of the COVID-19 pandemic declined the demand for shark meat due to the lockdowns imposed in the region in 2020. The lockdowns disrupted the supply chain and logistics of the market in focus. However, with the initiation of the vaccination drives and resumption of operations by the vendors in 2021, the market in focus will recover and continue to grow during the forecast period.

What are the Revenue-generating Product Segments in the Shark Meat Market?

Shark Meat Market Segmentation

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The shark meat market share growth by the shark fin segment will be significant during the forecast period. The segment is driven by the growing demand for shark fins in Thailand, Vietnam, Indonesia, and Macau. In China, the consumption of shark fin soup has been increasing since the gradual affluence of the middle-class population. This expensive delicacy is often served during celebrations such as weddings, banquets, and important business deals.

This report provides an accurate prediction of the contribution of all the segments to the growth of the shark meat market size and actionable market insights on post COVID-19 impact on each segment.

 

Shark Meat Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2.44%

Market growth 2021-2025

$ 128.96 million

Market structure

Fragmented

YoY growth (%)

1.60

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 45%

Key consumer countries

China, US, Italy, UK, Brazil, and Spain

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ALL EASY GO FROZEN SEAFOOD CO. Ltd., Aquafin Trade Inc., Citarella, East Coast Seafood LLC, Fujian Haoyuan Food Co. Ltd, Gaudets Seafood, Macs Seafood Ltd, Marder Trawling Inc., Premier Seafood Ltd., and Wenzhou Haideli Shark Products Co., Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Shark Meat Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive shark meat market growth during the next five years
  • Precise estimation of the shark meat market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the shark meat industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of shark meat market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Packaged Foods and Meats

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 Shark fin - Market size and forecast 2020-2025
      • Exhibit 17: Shark fin - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Shark fin - Year-over-year growth 2020-2025 (%)
    • 5.4 Shark meat - Market size and forecast 2020-2025
      • Exhibit 19: Shark meat - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Shark meat - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 21: Market opportunity by Product

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 23: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 24: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 25: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 North America - Market size and forecast 2020-2025
      • Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 31: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 35: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 36: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 37: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Vendor Landscape
          • Exhibit 38: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 39: Landscape disruption
          • Exhibit 40: Industry risks

        10 Vendor Analysis

        • 10.1 Vendors covered
          • Exhibit 41: Vendors covered
        • 10.2 Market positioning of vendors
          • Exhibit 42: Market positioning of vendors
        • 10.3 ALL EASY GO FROZEN SEAFOOD CO. Ltd.
          • Exhibit 43: ALL EASY GO FROZEN SEAFOOD CO. Ltd. - Overview
          • Exhibit 44: ALL EASY GO FROZEN SEAFOOD CO. Ltd. - Product and service
          • Exhibit 45: ALL EASY GO FROZEN SEAFOOD CO. Ltd. - Key offerings
        • 10.4 Aquafin Trade Inc.
          • Exhibit 46: Aquafin Trade Inc. - Overview
          • Exhibit 47: Aquafin Trade Inc. - Product and service
          • Exhibit 48: Aquafin Trade Inc. - Key offerings
        • 10.5 Citarella
          • Exhibit 49: Citarella - Overview
          • Exhibit 50: Citarella - Product and service
          • Exhibit 51: Citarella - Key offerings
        • 10.6 East Coast Seafood LLC
          • Exhibit 52: East Coast Seafood LLC - Overview
          • Exhibit 53: East Coast Seafood LLC - Product and service
          • Exhibit 54: East Coast Seafood LLC - Key offerings
        • 10.7 Fujian Haoyuan Food Co. Ltd
          • Exhibit 55: Fujian Haoyuan Food Co. Ltd - Overview
          • Exhibit 56: Fujian Haoyuan Food Co. Ltd - Product and service
          • Exhibit 57: Fujian Haoyuan Food Co. Ltd - Key offerings
        • 10.8 Gaudets Seafood
          • Exhibit 58: Gaudets Seafood - Overview
          • Exhibit 59: Gaudets Seafood - Product and service
          • Exhibit 60: Gaudets Seafood - Key offerings
        • 10.9 Macs Seafood Ltd
          • Exhibit 61: Macs Seafood Ltd - Overview
          • Exhibit 62: Macs Seafood Ltd - Product and service
          • Exhibit 63: Macs Seafood Ltd - Key offerings
        • 10.10 Marder Trawling Inc.
          • Exhibit 64: Marder Trawling Inc. - Overview
          • Exhibit 65: Marder Trawling Inc. - Product and service
          • Exhibit 66: Marder Trawling Inc. - Key offerings
        • 10.11 Premier Seafood Ltd.
          • Exhibit 67: Premier Seafood Ltd. - Overview
          • Exhibit 68: Premier Seafood Ltd. - Product and service
          • Exhibit 69: Premier Seafood Ltd. - Key offerings
        • 10.12 Wenzhou Haideli Shark Products Co., Ltd.
          • Exhibit 70: Wenzhou Haideli Shark Products Co., Ltd. - Overview
          • Exhibit 71: Wenzhou Haideli Shark Products Co., Ltd. - Product and service
          • Exhibit 72: Wenzhou Haideli Shark Products Co., Ltd. - Key offerings

        11 Appendix

        • 11.1 Scope of the report
          • 11.2 Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 74: Research Methodology
              • Exhibit 75: Validation techniques employed for market sizing
              • Exhibit 76: Information sources
            • 11.4 List of abbreviations
              • Exhibit 73: Currency conversion rates for US$
              • Exhibit 77: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
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            Shark Meat market growth will increase by $128.96 million during 2021-2025.
            The shark meat market is expected to grow at a CAGR of 2.44% during 2021-2025.
            Technavio has segmented the shark meat market by product (Shark fin and Shark meat) and geographic (APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA).
            ALL EASY GO FROZEN SEAFOOD CO. Ltd., Aquafin Trade Inc., Citarella, East Coast Seafood LLC, Fujian Haoyuan Food Co. Ltd, Gaudets Seafood, Macs Seafood Ltd, Marder Trawling Inc., Premier Seafood Ltd., Wenzhou Haideli Shark Products Co., Ltd. are a few of the key vendors in the shark meat market.
            APAC will register the highest growth rate of 44.91% among the other regions. Therefore, the shark meat market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            • China
            • US
            • Italy
            • UK
            • Brazil
            • Spain
            The key factors driving the shark meat market growth are:
            • High nutritional value
            • Growing applications of shark parts
            The shark meat market vendors should focus on grabbing business opportunities from the shark fin segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
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            • Covid-19 impact and recovery analysis
            • Data on revenue-generating market segments
            • Details on the market shares of various regions
            • Five-force market analysis

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