Shark Meat Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Shark Meat Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : October, 2019 | Food and Beverages | PPT format

Report Digest


Global Shark Meat Market: An Overview

The global shark meat is expected to register a robust growth in the near future, thanks to rising fresh supply of sea food and changing food preferences in non-coastal regions of the globe. Shark is a seafood delicacy in many coastal regions of the world. Earlier, the food was considered a taboo in many non-coastal parts of the world. However, increasing convergence of cultures and growing demand for exquisite cuisines from other parts of the world have changed this perception. Today, regions like Europe which held the earlier perception witness one of the highest demand for shark meat. 

Shark meat in its salted, smoked, and dried variety are extremely popular in the region. Additionally, shark meat is consumed regularly in parts of Canada, Scandivania, Japan, India, Mexico, and several countries in Africa. Moreover, several varieties of shark like requiem shark, shortfin mako shark, porbeagles, and thresher shark are available in all parts of the world, due to fresh food supply logistics, and advances in preservation techniques. The growing advances and continuous demand are expected to result in increased gains for players in the global shark meat market in the near future. 

Global Shark Meat Market: Notable Developments 

  • Seals, the favourite shark diet is making a comeback in the US ocean waters. According to recent estimates by the National Oceanic and Atmospheric Adminstration, 75,000 harbor seals and 27,000 gray seals reside in US waters during breeding seasons. In 1700, the seal population had dropped below 500 in total, due to bounties and lucrative demand for sea pelts. The rise in number of seals, and growing conservation regulations like the one in Florida senate currently. It proposes to ban trade of shark fins which can be both a major opportunity and challenge in the shark meat market in the near future. Shark fin trade is already banned in over 12 states in the United States. Additionally, shark fins are not conventionally considered a delicacy in many European and North American regions. Hence, such legislations can promise heavy rise in numbers of sharks in line with the seals. 

Global Shark Meat Market: Key Trends 

Earlier shark meat was considered a taboo as it displayed a strong odor of ammonia. The meat contained high contents of urea and decomposition of seafood was rampant without adequate cold storage facilities. Today, various techniques involving the use of saltwater, vinegar, lemon juice, and milk can reduce the urea content in a cost-effective manner. Additionally, popular new recipes like shark fillets and steaks are making their way into mainstream to create more growth for the shark meat market. Shark meat market is expected to witness major growth in Asia region, wherein high demand and shark fishing is rampant. The dwindling population of sharks, and negative health impacts associated with shark meats such as increased metallic intake can limit the expansion of the shark meat market. 

Conventionally, Asia Pacific region has registered higher number of shark catches, thanks to its widespread practice in countries like Japan. Japan is home to several shark-based cuisines widely popular around the world including fish balls, surimi, fish sausage, and other products. Schillerlocken or smoked belly flaps are extremely popular in Germany. The shark meat market has witnessed a major turnaround as Europe region, wherein shark meat was once a taboo is a major avenue for growth in the world today.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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