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Whitefish Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

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Market Introduction:

Whitefish is a commercial fisheries term which is used to denote various edible fish species that possess pure white meat. The whitefish differs from oily fish as it possess oils only in liver while oily fishes also possess oil in gut as well. Whitefish includes various species such as Tilapia, Catfish, Haddock, Cod, Seabass and others which are used in preparing variety of dishes and salads. Asia accounts for approximately 87% of the global production of freshwater whitefish owing to China’s largest contribution in world production. Owing to increasing awareness of health benefits of fishes and taste developed for whitefishes among individuals across the globe is expected to increase the demand for whitefish over the forecast period. Owing to relatively longer shelf life of whitefish species than that of oily fishes, the whitefish market is expected to expand with relatively high CAGR over the forecast period.

Owing to increasing demand for seafood domestically as well as globally, the producers finds a robust opportunity of growth of whitefish market over the forecast period.

Whitefish Market: Segmentation

Whitefish market is segmented on the basis of species, product type, sales channel and region.

On the basis of species, whitefish market is segmented into Tilapia, Catfish, Haddock, Cod, Seabass and others. Tilapia, Cod and Seabass collectively holds the relatively high share and expected to dominate the market over the forecast period.

Whitefish market is segmented on the basis of product type into fresh and processed. The processed segment is further sub-segmented into frozen, canned, smoked and others. The smoked whitefish is exclusively used for salads and dressings.

Whitefish market is further segmented on the basis of sales channel into direct sales and retail sales. Retail sales is further sub-segmented into modern trade, convenience stores, specialty outlets, modern grocery stores, online retailing and other retailing formats. Modern trade segment is expected to exhibit relatively high value CAGR over the forecast period.

Whitefish market: Drivers, Restraints, and Trends

Increasing health consciousness and developing interest for seafood and whitefish among individuals across the globe is expected to drive the growth of whitefish market across the globe. Whitefish possess multiple vitamins, proteins as well as essential fatty acids, owing to which it is preferred by individuals. Whitefish also possess low content of fat and oils which are mainly concentrated in the liver, hence it is an excellent option for individuals looking for healthy food. Millennial demographic of the world is increasingly inclined towards natural source of proteins and snacks which are clean label, which is a factor driving growth of whitefish market. Increasing use of whitefish in salads, stews etc. is also expected to boost the sales of whitefish over the forecast period. Because of all these factors, people are preferring to consume whitefish, which is driving growth of the whitefish market and this is expected to continue over the forecast period.

On the other side, climatic conditions could possibly affect the production of whitefish, hence could be considered as a restraint, impeding the market’s trajectory over the forecast period and affecting the growth of whitefish market.

Whitefish Market: Regional Outlook

On the basis of region, Whitefish market is segmented into five different regions: North America, Latin America, Europe, Asia Pacific and MEA. Among these regions, Asia-Pacific Whitefish market is expected to dominate with relatively high value and volume share. China holds relatively high value share of whitefish market among the Asia-Pacific as well as global whitefish market. Europe and the U.S. is also expected to have the significant value share of whitefish market, as both of these regions accounts for significant consumption of whitefish. The Latin America whitefish market is expected to grow significantly over the forecast period. The MEA whitefish market is also expected to increase with substantial value CAGR over the forecast period.

Whitefish Market: Key Players

Some of the key players in Whitefish market are Selonda Aquaculture S.A., Amacore B.V., Leroy Seafood, American Seafoods Group, Belardi Food Trading, Vinh hoan, Bien dong seafood, Navico, Hung Vuong Corp, Seafood Denmark, Scanfish Danmark A/s, Marine Foods (NZ) Ltd and others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

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