Asian Sea Bass Market

Asian Sea Bass Industry Outlook

Asian sea bass market size is expected to reach US$ 1,012 million by 2024. Sea bass markets in Asia are trending towards top-notch sea bass as consumers seek sustainably sourced fish.

The Asian sea bass market is predicted to expand at a 4.5% CAGR from 2024 to 2034. It is estimated that the market will be worth US$ 1,567 million by 2034.

Attributes	Key Insights
Asian sea bass Market Size in 2024	US$ 1,012 million
Projected Market Value in 2034	US$ 1,567 million
Value-based CAGR from 2024 to 2034	4.5%

Innovations in Aqua Farming will contribute to the Development of Asian Sea Bass

Technological innovations in Asian sea bass farming have led to improvements in production efficiency, environmental impact reduction, and overall fish health. A CAGR of 5.3% was observed between 2019 and 2023 for Asian sea bass market.

Biological sensing technologies like the Environmental Sample Processor are used in the field to collect and analyze water samples. A DNA-based technology is used to identify tiny species of plankton to improve marine environment monitoring and management.

With the help of modern software and technology, sea bass aquaculture uses precision cultivation techniques. A variety of surface and underwater cameras, data collection tools, and analysis methods can be employed to optimize the feeding and distribution rates to optimize performance.

Onshore, for example, recirculating aquaculture systems provide a sustainable fish farming method that solves environmental problems. Sea bass farming has undergone further technological advancements since Aquabounty Technologies introduced genetically modified salmon.

Onshore fishing systems would be enhanced by a fish farm located in this area, facilitating the decision to locate the fish farm. A CAGR of 4.5% is predicted between 2024 and 2034.

Historical CAGR from 2019 to 2023	5.3%
Asian Sea Bass Market Forecast CAGR from 2024 to 2034	4.5%

Asian Sea Bass Market Growth Factors

As seafood consumption increases over time, Asian sea bass consumption will also increase. Organic sea bass is driving a large portion of the growth of the sea bass market worldwide.

Due to increased awareness of the risks associated with synthetic fertilizers, insecticides, and pesticides, people have become more interested in organically grown food, especially sea bass. In order to optimize the nutritional content of organic sea bass, initiatives are being taken to improve the composition of organic feed and feed ingredients.

Several technological advances in sea bass farming have resulted in increased fish health, sustainability, and production efficiency. Focus on closed systems, genetic modifications, precision farming, and recirculating aquaculture systems (RAS) will drive the market. As a result of these technological advancements, the sea bass market is expanding.

Its nutritional value, including proteins, vitamins, and essential omega-3 fatty acids in Asian sea bass, makes it a popular food among customers. Sea bass' growing popularity as a snack and main dish has increased its demand.

Asian Sea Bass Market Restraints

• Water quality, temperature swings, and disease outbreaks can all affect Asian sea bass aquaculture.
• Several government regulations may affect Asian sea bass supply chains, including fishing limits, aquaculture methods, and food safety regulations.
• Competitors in both local and international markets may impact Asian sea bass demand.
• Other protein sources or fish species may provide comparable nutritional benefits at a lower price.
• Fishmeal and fish oil are two feed materials that can experience fluctuations in price, which can negatively impact Asian sea bass farming economics.
• Changes in the world economy may also impact Asian sea bass prices and export markets.
• Antibiotics, pollution, and pathogens can undermine consumer confidence in Asian sea bass.

Comparative View of Adjacent Asian Sea Bass Market

Listed below are industry comparisons of Asian sea bass, frozen smoked salmon, and surimi. The rise in popularity of Asian sea bass, frozen smoked salmon, and surimi can be attributed to a variety of factors, including health concerns, culinary versatility, affordability, and sustainability.

Consumers can choose from many options based on their dietary needs and preferences, which is why they're all growing.

Health benefits, culinary variety, and sustainable aquaculture operations explain Asian sea bass popularity among health-conscious consumers and chefs. With its robust flavor profile, savory taste, and nutritious properties, frozen smoked salmon is perfect for time-pressed consumers.

The success of surimi can be attributed to its affordability, culinary versatility, and appeal in Asian cuisine. This substitute is cost-effective and can be used in a variety of ways.

Asian Sea Bass Market:

Attributes	Asian Sea Bass Market
CAGR from 2024 to 2034	4.5%
Opportunities	Innovative ideas in the Asian sea bass industry can be fostered by implementing sustainable fishing practices.
Key Trends	Nutritional values and organic aqua farming are market trends.

Frozen Smoked Salmon Market:

Attributes	Frozen Smoked Salmon Market
CAGR from 2023 to 2033	6.9%
Opportunities	The influence of social media and consumer awareness of health benefits will provide lucrative opportunities.
Key Trends	Trends in online delivery systems and doorstep deliveries are on the rise.

Surimi Market:

Attributes	Surimi Market
CAGR from 2023 to 2033	6.1%
Opportunities	Continuing advancements in chemical processing methods and washing processes will produce lucrative opportunities.
Key Trends	Manufacturing processes that are sustainable and the increasing consumption of functional food ingredients are key trends.

Country-wise Analysis

The following table shows the adoption rates of Asian sea bass in different countries. Applications of Asian sea bass products in culinary and foodservice sectors have grown significantly. Innovation and technology advancements in Asian sea bass farming will support market growth.

Forecasts indicate growth in the United Kingdom, Germany, India, China, and Japan. Europe will have a significant impact on the global economy. The Asia Pacific region accounts for a significant portion of the market size.

Countries	Forecast CAGRs from 2024 to 2034
Japan	6.6%
China	3.4%
India	4.2%
Germany	7.6%
United Kingdom	9.3%

Healthy Sources of Protein to Drive Demand in the United Kingdom

Seafood is becoming increasingly popular among customers as a sustainable and healthy source of protein. Its mild flavor and firm texture make it a perfect choice for health-conscious customers looking for a delicious and nutritious alternative to supper. A CAGR of 9.3% is expected from the United Kingdom over the next ten years.

Increasing demand for Asian-inspired meals has further enhanced Asian sea bass's appeal in the United Kingdom market. Sustainable and ethical sourcing practices are also highly influential on customers' purchasing decisions. By 2024, the market is estimated to hold 3.1% of the market.

Increasing demand for responsibly harvested Asian sea bass is attributed to consumers' preference for seafood from certified and environmentally sustainable fisheries. Food diversity in the United Kingdom encourages culinary diversity, which further propels market expansion.

Demand for Top-notch Seafood in Germany will Boost Asian Sea Bass Growth

Consumers' preferences for healthy foods and a variety of seafood products are driving the growing demand for seafood products in the industry. In search of high-end seafood selections, German consumers are attracted to Asian sea bass's mild flavor and variety of culinary uses. It is estimated that the market will expand at a CAGR of 7.6% over the next few decades.

In addition, German consumers are becoming more eco-conscious and ethical in their purchasing decisions. Authentic Asian sea bass is in high demand from customers who prefer products from trusted fisheries that adhere to ethical and environmental standards. Tourism is expected to grow in the future, which will present market opportunities for businesses.

Increasing Aqua Farming in India Boosts Asian Sea Bass Production

Asian sea bass markets are expected to expand at the fastest rate in the upcoming years. A 4.2% CAGR is expected from India during the forecast period. A huge fishing industry and a growing need for products made from Asian sea bass farming are the primary factors driving Asian sea bass demand in India. An estimated 18.4% market share is expected by 2024.

As the Indian aquaculture industry emphasizes ethical farming practices and uses saline areas for aquaculture, it is expected to contribute significantly to the expansion of the Asian sea bass market. Increasing seafood production and consumption capacities in India will lead to a dramatic increase in the nation's market value for Asian sea bass.

Increasing Trade will contribute to Asian Sea Bass Growth in China

China is expected to be a lucrative market for the Asian sea bass market. In the Asian sea bass market, China is home to over 75% of farms that are recognized by Best Aquaculture Practices (BAP).

Developing countries in Asia have become leaders in fish production due to the nutritional value of Asian sea bass. The market is predicted to hold a market share of 21.1% by 2024.

Over 75% of the BAP-certified farms in China are located on 200,000 hectares of land that are suitable for seabass farming. Seabass is particularly well-suited to the aquaculture zones of Guangdong, Guangxi, and Hainan. As a result of an increase in international trade and the widespread availability of Asian sea bass in China, Asian sea bass are also driving demand in the country.

Rising Food Cultures in Japan will boost the Market Share in the Future

Asian sea bass is expected to be the fastest-growing market in Japan in the near future. Japan is predicted to account for a 6.6% CAGR between 2024 and 2034. A 15.4% share of the market is expected to be recorded during the forecast period.

Asian sea bass, or Suzuki, is a popular fish in Japan. Due to the deep culture of seafood in Japan, especially in coastal areas and major cities like Tokyo and Osaka, fresh Asian sea bass is always in demand in Japanese markets. It is widely used in Japanese cuisine, especially grilled food, sushi, and sashimi.

Bass fishing has become more popular in Japan due to improved fishing equipment and social media trends. Markets and cultures have changed dramatically, and with drop-shotting in particular becoming more popular, specialist tackle has become more important than ever. All these factors are driving demand for the Asian sea bass market in Japan.

Category-wise Insights

The following segment provides detailed information on the leading segment. According to the source, the framed segment is expected to hold 45% of the market in 2024. Based on the form, 25% of the market share is expected in 2024 for the whole segment.

Categories	Market Share 2024
Framed	45%
Whole	25%

Framed Sourcing to Benefit from Sustainability Demand

Based on source, the framed segment is expected to drive the Asian sea bass market demand. With framed sourcing, sustainable techniques are strongly emphasized to protect marine ecosystems and guarantee Asian sea bass' long-term survival. With consumers becoming more concerned about the impact of seafood on the environment, sustainable sourcing can attract this expanding market sector.

Asian sea bass origins can be better traced through framed sourcing, which provides comprehensive information about where and how it was farmed. By assuring ethical shoppers of the product's purity and quality, this openness fosters consumer confidence in the brand.

Regulatory requirements for sustainable seafood may be met through structured sourcing. By adopting sustainable practices and transparency in supply chains, companies can maintain access to important markets.

Sea Bass in Whole Form is expected to be Most Preferred by Consumers

By form, the whole segment will have a higher consumption share than other segments. A whole farm approach maintains quality throughout the entire production process, from hatchery to harvest.

Sustainability strategies like reducing waste, improving resource efficiency, and reducing environmental impact could attract environmentally conscious consumers willing to pay more for ethically produced seafood.

Asian sea bass may increase demand and broaden its market by educating customers about its health benefits, gastronomic adaptability, and sustainability.

Competitive landscape of the Asian sea bass industry

Key players in the Asian sea bass industry strive to expand their business through mergers and acquisitions. Research and development on Asian sea bass is being undertaken by major producers.

Developing farming techniques that increase yields and nutritional content is the goal of research and development. The impact of economic factors on the Asian sea bass market will drive demand.

• In February 2024, Barramundi Group raised £8.8 million to expand its Brunei operations. Bruneian financial institutions provided the company with a credit facility worth BND 15 million.

Report Scope

Attributes	Details
Estimated Market Size in 2024	US$ 1,012 million
Projected Market Valuation in 2034	US$ 1,567 million
Value-based CAGR 2024 to 2034	4.5%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in US$ million
Key Regions Covered	North America; Latin America; Western Europe; Eastern Europe; South Asia; East Asia; The Middle East and Africa
Key Market Segments Covered	Source, Form, Sales Channel, Region
Key Countries Profiled	The United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New, Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel
Key Companies Profiled	Amacore Seafood B.V.; Viet Asia Foods (VAFCO); MainStream Aquaculture; Shwe Yamone Manufacturing Co. Ltd.; A.O. Kingdom International Co. Ltd.; Nghi Son Aquatic Product Exim Co. Ltd; Oceanpick Pvt. Ltd; Barramundi Group; Allegro Aqua; Mattes Seafood; Ocean Treasure

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.

Frequently Asked Questions

What is the market size of Asian sea bass in 2024?

A market worth of US$ 1,012 million is anticipated for the Asian sea bass market in 2024.

How will the market for Asian sea bass look in 2034?

By 2034, the market is likely to be worth US$ 1,567 million.

What is the Asian sea bass market's growth outlook until 2034?

A 4.5% CAGR is predicted from 2024 to 2034 for the Asian sea bass industry.

What is China’s expected share in Asian sea bass demand in 2024?

A share of 21.1% is expected from China in 2024.

Which country holds high lucrativeness?

The United Kingdom is expected to be a lucrative market.