PUBLISHER: SkyQuest | PRODUCT CODE: 1345281
PUBLISHER: SkyQuest | PRODUCT CODE: 1345281
Global Milkfish Market Size, Share, Growth Analysis, By Form(Frozen and Canned), By Distribution Channel(Offline and Online) - Industry Forecast 2023-2030
Milkfish Market size was valued at USD 1.2 billion in 2021 and is poised to grow from USD 1.2 billion in 2022 to USD 1.8 billion by 2030, growing at a CAGR of 5% in the forecast period (2023-2030).
Milkfish serves as a comprehensive source of animal-based nutrition, effectively fulfilling protein needs, especially for humans. The escalating global interest in milkfish stems from health-conscious individuals seeking its rich protein content. This fish variety is recognized for its significant protein content and elevated levels of essential omega-3 fatty acids. Both these nutritional elements play vital roles in supporting optimal bodily functions and promoting overall well-being.
The global milkfish market is categorized based on form, distribution channel, and region. In terms of form, the market is segmented into frozen and canned. Based on the distribution channel the market is grouped into offline and online. Region wise, the global milkfish market is widespread into North America, Europe, Asia-Pacific, South America, and MEA. Asia Pacific is projected to maintain its market supremacy with over 65% share in 2022, continuing its growth trajectory at a 5.0% CAGR from 2023 to 2030. This region, where the product originated, possesses substantial manufacturing capabilities, deeply rooted in its historical significance in fishing. China, India, and Indonesia stand as major contributors to fish production, driven by high consumption in populous nations. Latin America, expected to expand at a 6.6% CAGR, benefits from aquaculture's rise, notably in Brazil, facilitated by favorable climate and increased food demand. This growth will likely lead to heightened food processing and elevated consumption, ultimately boosting market revenue.
Top-down and bottom-up approaches were used to estimate and validate the size of the Milkfish Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segmental Analysis
The global milkfish market is categorized based on form, distribution channel, and region. In terms of form, the market is segmented into frozen and canned. Based on the distribution channel the market is grouped into offline and online. Region wise, the global milkfish market is widespread into North America, Europe, Asia-Pacific, South America, and MEA.
Driver:
The surge in demand for seafood, milkfish included, is driven by the recognition of its health advantages and nutritional significance. The growing awareness of its positive impact on well-being has contributed to the heightened consumer interest in incorporating milkfish and other seafood options into their diets. As individuals seek wholesome dietary choices, the appeal of seafood, rich in essential nutrients and health-promoting elements, continues to elevate its popularity in the market.
Restraint:
The potential for elevated production costs associated with milkfish cultivation could impose constraints on market expansion, especially in developing nations where production expenses carry substantial weight. The economic considerations involved in producing milkfish, including factors such as feed, infrastructure, and maintenance, may hinder growth, particularly in regions where cost-effectiveness is pivotal. Addressing these cost-related challenges is crucial to unlocking the full potential of the milkfish market, particularly within developing economies.
Key Market Trends:
The inclination toward sustainable and organic seafood is gaining momentum, and milkfish is aligning with this trend. Increasingly, consumers are attuned to the ecological ramifications of fish cultivation, opting for products that uphold environmental responsibility. As awareness about sustainable practices grows, the demand for seafood, including milkfish, produced in an environmentally conscious manner rises. This shift reflects a broader movement toward ecologically friendly options in response to conscientious consumer preferences.
Table of Contents
- Executive Summary
Market overview
- Exhibit: Executive Summary - Chart on Market Overview
- Exhibit: Executive Summary - Data Table on Market Overview
- Exhibit: Executive Summary - Chart on Global Milkfish Market Characteristics
- Exhibit: Executive Summary - Chart on Market by Geography
- Exhibit: Executive Summary - Chart on Market Segmentation
- Exhibit: Executive Summary - Chart on Incremental Growth
- Exhibit: Executive Summary - Data Table on Incremental Growth
- Exhibit: Executive Summary - Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy-scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Milkfish Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
