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.
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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.
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.
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.
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.
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