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 : September, 2020 | 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.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?