Market Research Report
Global Shark Meat Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||797414|
|Published||Content info||104 Pages
Delivery time: 1-2 business days
|Global Shark Meat Market 2019-2023|
|Published: February 19, 2019||Content info: 104 Pages||
The demand for shark fin soup is rising across the globe, which will drive the market during the forecast period. Most of the shark fins are used to make soups which is a popular dish in China, Thailand, and Singapore. Shark fin soup is a soup or broth of Chinese origin made with shark fin and flavored with chicken or some other stock. The fin itself has very little flavor and it is used primarily to add texture to the dish and because it is seen as a delicacy. It is often served to guests at important events like weddings and business banquets. In addition, shark fin is served at wedding banquets, important business functions, and other special occasions in Asian countries. The consumers in Thailand, especially people living in urban areas, have been developing interests for shark fin soup. Technavio's analysts have predicted that the shark meat market will register a CAGR of almost 6% by 2023.
Shark is nutritious seafood as it has high levels of vitamins, minerals, and healthy fats. The global demand for shark meat has increased as it is a rich source of key nutrients, including trace minerals and omega-3 fatty acids. It is also a good source of magnesium and selenium, an important nutrient for sperm production.
Even though commercial fishing and aquaculture are driving the market, overexploitation and depletion of marine species are the major challenges for the global shark meat market. Commercial fishing has adversely affected the fish stock. Overfishing is a major challenge and a threat to the survival of several shark species.
For the detailed list of factors that will drive and challenge the growth of the shark meat market during the 2019-2023, view our report.
The shark meat market appears to be moderately concentrated and with the presence of few vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.