Market Introduction:

According to the National Fisheries Institute, Pangasius is the 10th most popular fish consumed. Pangasius is primarily found in Vietnam, Cambodia and neighboring nation. The aquaculture was in Vietnam to enhance the production of fishes to cope up with the global demand. The largest exporter of pangasius is Vietnam, exports more than 50% of its production. New market entrants Russia, Middle East and some Asian countries have demonstrated a growing demand for pangasius, imports from the Vietnam. Pangasius fish has low to medium fat content with high levels of protein. Pangasius is rich in omega-3 fatty acid which has many health benefits. Pangasius has wide range of application like in pharmaceutical industry, dietary supplements and other.

Global Pangasius market is expected to increase with significant value CAGR over the forecast period, owing to increasing application of Pangasius in various industries among which, food industry holds the majority of the share.

Pangasius Market: Segmentation

Pangasius market can be segmented on the basis of product type, species, application and sales channel.

On the basis of product type, Pangasius market can be segmented into fresh whole fish, frozen whole fish, fresh fillet and frozen fillet. Vietnam exports the frozen product in different part of the globe.

On the basis of species, there are basically three types of species which are commercially available Ictalurus Punctatus(catfish), Pangasius bocourti(Basa),Pangasius hypopthalmus, out of which Pangasius bocourti(Basa) and Pangasius hypopthalmus are found in Vietnam, china and neighboring countries. All the three species are produced by aquaculture technique.

On the basis of application, Pangasius market is segmented into dietary supplements, pharmaceutical industry and food industry. Pangasius fish is rich in omega-3 fatty acid which is taken as dietary supplements. As pengasius provides healthy functioning of heart, kidney and liver, it is highly applicable in pharmaceutical industries.

Pangasius products market is further segmented on the basis of distribution channel into direct and indirect channel. Indirect channel is further sub-segmented into modern grocery stores and traditional grocery stores. Modern grocery includes hypermarket or supermarket, convenience store and discount stores whereas traditional grocery includes independent small vendors. Indirect segment also includes online platform.

Pangasius market: Drivers, Restraints, and Trends

Innovative farming technique has been applied in china, Cambodia and Thailand to complete the demand of Pangasius in global market. Pangasius bocourti variety is driving the market due to its mild to a sweet flavor, whiter meat color and somewhat flaky cooked texture. In Vietnam, to upgrade the cold storage capacity to accelerate the market, aquaculture companies have invested in improving their material storage place. Approximately all the running dines in European nation and America now feature Pangasius food on their menus. Different types of packaged food in retail store or hypermarket giving multiple option to the consumers consolidating the market growth.

Despite this phenomenal growth, Pangasius market in Vietnam is facing enormous loss because of short storage area. On the other side, climatic conditions could possibly affect the yield of Pangasius, hence could be considered as a restraint, impeding the market’s trajectory over the forecast period and affecting the growth of Pangasius market.

Pangasius Market: Regional Outlook

On the basis of the regional segment, the market of pangasius product can be segmented by five different regions. Regional segment includes North America, Latin America, Europe, APAC, and MEA. On analyzing the production of pangasius in the global market, primary demand for pangasius in the global market is from China, Russian, European and American countries due to its wide application in food and pharmaceutical industry.

Pangasius Market: Key Players

Some of the key players in Pangasius market are High Liner Foods, Iglo Group, Leroy Seafood Group, Marine Harvest, Thai Union Frozen Products Beijing Princess Seafood International Trading, Dong Won Fisheries, Empresas AquaChile, Faroe Seafood, Findus Group, Hansung Enterprise, Kverva, Labeyrie Fine Foods, Marine Harvest, Mogster Group, Princes Group, Sajo Industries, Stolt Sea Farm, Surapon Foods, Tassal Group and other.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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