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.
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