PUBLISHER: Value Market Research | PRODUCT CODE: 1392368
PUBLISHER: Value Market Research | PRODUCT CODE: 1392368
The global demand for Milkfish Market is presumed to reach the market size of nearly USD 3.69 BN by 2030 from USD 2.28 BN in 2022 with a CAGR of 6.2% under the study period 2023 - 2030.
Milkfish is a good source of animal nutrition and helps provide protein needs, especially for humans. Milkfish have no teeth, which means they live on plants and other soft invertebrates near the shore, where they make their habitats. Milkfish prefer warm, tropical waters that are more than 85 degrees. Milkfish's key characteristics include a lustrous blue and silver colour. Milkfish can reach six feet and weigh 35 pounds or more when fully grown. Milkfish can be pan-fried, braised, or used to make fish balls. It is the most commonly found fish in Taiwanese seafood dishes.
The demand for milkfish is growing due to its high nutrient content. The regular intake of milkfish helps prevent heart disease and improves memory and brain development in children. Furthermore, it promotes eye health, lowers cholesterol levels, and aids in the treatment of depression. As a result, the health benefits of milkfish are propelling the market's growth. Moreover, the expansion and development of distribution channels and increasing investment in aquaculture research and development activities will impact the milkfish market. Additionally, the rise in consumer demand for frozen milkfish is a major factor driving market growth. The changing food habits and rising demand for fish proteins to meet daily nutritional needs are expected to drive the market growth. However, water level, turbidity, heavy rains or no frequent rains, air temperature, etc. are some factors that affect the milkfish market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of milkfish. The growth and trends of milkfish industry provide a holistic approach to this study.
This section of the milkfish market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Milkfish market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the milkfish market include Komira Group, LAND & SEA INTERNATIONAL FOOD SUPPLY, Nireus Aquaculture S.A., Siam Canadian Group Limited, Stehr Group, Kaysaint International Co. Ltd, PT. Fishnesia Mitra Bersama, Liang Shing Frozen Seafoods Co., LTD., W Fresh Supply. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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