Global Asian Sea Bass Market to total USD 1,567 million by 2034, rising at a 4.5% CAGR- FMI Report

The market for Asian sea bass is estimated to reach US$ 1,012 million by 2024. A CAGR of 4.5% will be achieved by 2034, bringing sales to US$ 1,567 million. Lates calcarifer, also known as giant perch or barramundi, is commonly known as Asian sea bass. Among the Indo-Pacific nations, it is one of the most valuable fish cultivated in the country.

Various studies reveal that sea bass is an excellent source of omega-3 fatty acids, which is one of the most important nutrients to maintain cardiovascular health, as it decreases inflammation, lowers blood pressure, and lowers the risk of heart disease. Its nutritional content makes sea bass an excellent source of health benefits.

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Sea bass contains a high amount of protein, which supports a healthy immune system, prevents imbalances in hormone levels, and supports the functioning of the body’s tissues. In addition to Omega 3 and Omega 6 vitamins, sea bass also contains minerals like magnesium and selenium, which are essential for healthy bones, strong immune systems, and energy production.

The omega-3 fatty acids present in sea bass may also enhance memory and focus in addition to enhancing the brain health and cognitive function of the fish. With its anti-inflammatory properties, sea bass might lower the risk of conditions such as arthritis, cardiovascular disease, and some types of cancer by aiding in the body’s fight against chronic inflammation.

In terms of eye health, sea bass is a good choice. As a great source of vitamins and nutrients, it contains important nutrients like vitamin A, and omega-3 fatty acids, and it protects the retina from damage, thus preventing age-related macular degeneration and supporting healthy eyes.

Key Takeaways from the Market Study

  • 45% of the market is expected to be occupied by farmed products in 2024.
  • Based on form, the whole segment market share is expected to reach 25% in 2024.
  • India is predicted to experience a 4.2% CAGR during the forecast period.
  • The United Kingdom is expected to drive Asian sea bass demand by 9.3% CAGR during the forecast period.
  • With 3.4% of the market, China will become a lucrative market for Asian sea bass.

“Increasing awareness about the nutritional value of sea food among consumers and advances in aqua farming are likely to drive demand for Asian sea bass. Increasing regulations and consumer demand for organic farming will drive demand for the market in the future,” comments a Future Market Insights analyst.

Competitive Landscape

Asian sea bass products are effective at increasing consumer awareness and driving demand through a variety of marketing techniques. Partnerships with businesses and food outlets, as well as participation in seafood trade shows, are all contributing to higher brand awareness.

  • In December 2022, Singapore-based Barramundi Group formed a partnership with Wild Ocean Australia. The Barramundi Group developed the Kimberley Ocean Barramundi Project following its partnership with Wild Ocean.

More Valuable Insights Available

Future Market Insights offers an unbiased global Asian sea bass market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034

To understand market opportunities, the Asian sea bass market is segmented based on the source (farmed (freshwater, brakishwater) and wild)), form (whole, headed and gutted, fillet, and frozen), sales channel (direct sales-B2B, and retail sales (modern trade, convenience store, specialty food stores, online retail, and others)) and region (North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe, Middle East and Africa).

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Asian Sea Bass – Key Segments

By Source:

Market segments include farmed (freshwater, brakishwater) and wild.

By Form:

Key sourcing data is in the report, such as whole, headed and gutted, fillet, and frozen.

By Sales Channel:

Formats are further divided into direct sales-B2B and retail sales (modern trade, convenience store, specialty food stores, online retail, and other).

By Region:

The market has been analyzed in the major markets of North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe, and Middle East & Africa.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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