PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339127
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339127
Sandfish Market Share, Size, Trends, Industry Analysis Report, By Application (Food Service, Food Processing, Medical Applications, and Others); By Region; Segment Forecast, 2023 - 2032
The global sandfish market size is expected to reach USD 4161.79 million by 2032, according to a new study by Polaris Market Research. The report "Sandfish Market Share, Size, Trends, Industry Analysis Report, By Application (Food Service, Food Processing, Medical Applications, and Others); By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Sandfish is considered a superfood due to its high nutritional value and potential health benefits. The health benefits of sandfish are primarily attributed to its high protein content and the presence of bioactive compounds, such as triterpene glycosides, chondroitin sulfate, and other polysaccharides. For example, in July 2022, Sandfish, one of the biggest grazers in the Doring River system of South Africa, maintain the rivers' cleanliness and the balance of the food chain. Additionally, they serve as an umbrella species, so defending them also defends the river ecosystems and the other species that live there. The potential health benefits of sandfish are driving the growth of the global market.
The global demand for seafood is increasing due to the growing population, rising disposable incomes, and changing dietary preferences. This is likely to boom the growth of the market. Sandfish is a popular ingredient in Asian cuisine, which is gaining popularity worldwide, especially in Western countries. Also, it is a natural source of glucosamine, a compound that is commonly used to support joint health and reduce joint pain.
Moreover, the high protein content in sandfish can help to promote wound healing and tissue repair hence it is widely used across medical applications. Further, advancements in aquaculture technologies, such as closed-loop systems, are helping to increase production efficiency, reduce costs, and improve product quality, which is driving the growth of the sandfish market.
Many governments around the world are promoting aquaculture as a sustainable and profitable industry, which is expected to drive the growth of the global market. In June 2022, Aqua farmers requested assistance from the government of India to regulate fish farming in the State so that they are paid fairly for their produce and that fair practices are upheld. Also, in May 2020, the Indian government committed to a financial support program to ensure the survival of its fishing industry. In addition to above-mentioned facts, in January 2022, the green transition in the fish and aquaculture industries is supported by more than 12 million euros from the Portuguese government. Such initiatives taken by government of various governments to promote aquaculture is fundamentally augmenting the growth of sandfish market all over the world.
Sandfish Market Report Highlights
Food processing is accounting larger market share of global revenue in the fiscal year 2022. This is due to the huge use of sandfish for the production of sea cucumber products such as dried sea cucumber, sea cucumber extract, and sea cucumber powder
Asia Pacific held the largest share of the global market by the end of 2022 due to the growing adoption and consumption of sandfish in the region as it is mostly available in the Asia Pacific region
The global sandfish market involves Indian Ocean Trepang, Tasmanian Seafoods, Joo Hwa Food, Aik Lee Dried Seafood, Seawijh Indonesia, Seychelles Aquaculture, National Aquaculture Group, and Vietnam Sea Ginseng and others
Polaris Market Research has segmented the Sandfish market report based on application, and region:
Sandfish, Application Outlook (Revenue - USD Million, 2019-2032)
- Food Service
- Food Processing
- Medical Applications
- Others
Sandfish, Regional Outlook (Revenue - USD Million, 2019-2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Nano Sandfish Market Insights
- 4.1. Nano Sandfish Market - Industry Snapshot
- 4.2. Nano Sandfish Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing demand from rubber and plastics industry
- 4.2.1.2. Growth of construction industry
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Issues pertaining to mining activities
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Value Chain Analysis
- 4.6. Nano Sandfish Industry trends
- 4.7. COVID-19 Impact Analysis
5. Global Nano Sandfish Market, by Application
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 5.3. Food Service
- 5.3.1. Global Nano Sandfish Market, by Food Service, by Region, 2019-2032 (USD Million)
- 5.4. Food Processing
- 5.4.1. Global Nano Sandfish Market, by Food Processing, by Region, 2019-2032 (USD Million)
- 5.5. Medical Applications
- 5.5.1. Global Nano Sandfish Market, by Medical Applications, by Region, 2019-2032 (USD Million)
- 5.6. Others
- 5.6.1. Global Nano Sandfish Market, by Others, by Region, 2019-2032 (USD Million)
6. Global Nano Sandfish Market, by Geography
- 6.1. Key findings
- 6.2. Introduction
- 6.2.1. Nano Sandfish Market Assessment, By Geography, 2019-2032 (USD Million)
- 6.3. Nano Sandfish Market - North America
- 6.3.1. North America: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.3.2. Nano Sandfish Market - U.S.
- 6.3.2.1. U.S.: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.3.3. Nano Sandfish Market - Canada
- 6.3.3.1. Canada: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.4. Nano Sandfish Market - Europe
- 6.4.1. Europe: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.4.2. Nano Sandfish Market - UK
- 6.4.2.1. UK: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.4.3. Nano Sandfish Market - France
- 6.4.3.1. France: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.4.4. Nano Sandfish Market - Germany
- 6.4.4.1. Germany: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.4.5. Nano Sandfish Market - Italy
- 6.4.5.1. Italy: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.4.6. Nano Sandfish Market - Spain
- 6.4.6.1. Spain: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.4.7. Nano Sandfish Market - Netherlands
- 6.4.7.1. Netherlands: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.4.8. Nano Sandfish Market - Austria
- 6.4.8.1. Austria: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.5. Nano Sandfish Market - Asia Pacific
- 6.5.1. Asia Pacific: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.5.2. Nano Sandfish Market - China
- 6.5.2.1. China: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.5.3. Nano Sandfish Market - India
- 6.5.3.1. India: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.5.4. Nano Sandfish Market - Malaysia
- 6.5.4.1. Malaysia: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.5.5. Nano Sandfish Market - Japan
- 6.5.5.1. Japan: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.5.6. Nano Sandfish Market - Indonesia
- 6.5.6.1. Indonesia: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.5.7. Nano Sandfish Market - South Korea
- 6.5.7.1. South Korea: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.6. Nano Sandfish Market - Middle East & Africa
- 6.6.1. Middle East & Africa: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.6.2. Nano Sandfish Market - Saudi Arabia
- 6.6.2.1. Saudi Arabia: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.6.3. Nano Sandfish Market - UAE
- 6.6.3.1. UAE: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.6.4. Nano Sandfish Market - Israel
- 6.6.4.1. Israel: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.6.5. Nano Sandfish Market - South Africa
- 6.6.5.1. South Africa: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.7. Nano Sandfish Market - Latin America
- 6.7.1. Latin America: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.7.2. Nano Sandfish Market - Mexico
- 6.7.2.1. Mexico: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.7.3. Nano Sandfish Market - Brazil
- 6.7.3.1. Brazil: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- 6.7.4. Nano Sandfish Market - Argentina
- 6.7.4.1. Argentina: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
7. Competitive Landscape
- 7.1. Expansion and Acquisition Analysis
- 7.1.1. Expansion
- 7.1.2. Acquisitions
- 7.2. Partnerships/Collaborations/Agreements/Exhibitions
8. Company Profiles
- 8.1. Indian Ocean Trepang.
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Recent Development
- 8.2. Tasmanian Seafoods
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Recent Development
- 8.3. Joo Hwa Food
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Recent Development
- 8.4. Aik Lee Dried Seafood
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Recent Development
- 8.5. Seawijh Indonesia
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Recent Development
- 8.6. Seychelles Aquaculture
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Recent Development
- 8.7. National Aquaculture Group
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Recent Development
- 8.8. Vietnam Sea Ginseng
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Recent Development
List of Tables
- Table 1 Global Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 2 Nano Sandfish Market Assessment, By Geography, 2019-2032 (USD Million)
- Table 3 North America: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 4 U.S.: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 5 Canada: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 6 Canada: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 7 Europe: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 8 Spain: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 9 Netherlands: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 10 Austria: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 11 Germany: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 12 Italy: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 13 France: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 14 Asia Pacific: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 15 China: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 16 Japan: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 17 India: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 18 Indonesia: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 19 South Korea: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 20 Malaysia: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 21 Latin America: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 22 Brazil: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 23 Mexico: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 24 Argentina: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 25 Middle East & Africa: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 26 South Africa: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 27 Israel: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 28 Saudi Arabia: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
- Table 29 UAE: Nano Sandfish Market, by Application, 2019-2032 (USD Million)
List of Figures
- Figure 1 Global Nano Sandfish Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Nano Sandfish Market, by Application, 2022 & 2032 (USD Million)
- Figure 8 Nano Sandfish Market Assessment, By Geography, 2019-2032 (USD Million)
- Figure 9 Strategic Analysis - Nano Sandfish Market
