Sea Bass Market worth USD 6821.2 million by 2030

The Market Statsville Group (MSG) publishes the new report on the "Sea Bass Market by Type (Fresh and Processed), by Nature (Wild and Farmed), by Sales Channel (Hypermarket/Supermarket, Specialty Stores, Food Service, and Online Channel), by Region – Global Share and Forecast to 2030". The global sea bass market size is expected to grow USD 6821.2 million by 2030 from USD 4,029.9 million in 2021 and grow at a CAGR of 6.8% during the forecast period. Flavor plays a crucial role in accepting any food into people's lives. Sea bass has a buttery, moist, meaty, and tender flesh with medium-sized, firm flakes. The flavor is mild and delicate, with a subtle sweetness that blends into any dish of which it becomes a part. In addition, it can prove to be a gateway fish for people who are just foraging into the world of seafood. The use of this fish in top-class, gourmet dishes and everyday household meals is proof of its versatility and boosts its popularity. The white flesh of the fish is very appealing to the eyes and compliments the other colors present in the dish. Superior taste and versatile usage of sea bass are driving the market's growth.

Global Sea Bass Market Segmentation

The sea bass market has been segmented into type, nature, sales channel, and region.

• By Type (Fresh and Processed)
• By Nature (Wild and Farmed)
• By Sales Channel (Hypermarket/Supermarket, Specialty Stores, Food Service, and Online Channel)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Fresh, by type, is estimated to hold the largest market share during the forecast period

The global market is segregated into fresh and processed depending on the type. The fresh segment leads in terms of market share. The fresh segment had a market share of 84.6% in 2021. Fresh fish is caught and then directly sold at the market. It does not undergo any processing or changes before being sold. This fish retains utmost freshness and is available near oceans or aquaculture farms. Fresh fish are exported to countries and are easily available in specialty stores and hypermarkets/supermarkets.

The demand for fresh food with no processing has gained traction in the last few years. Many people are widely adopting the farm-to-table approach worldwide, which notably contributes to market growth. In addition, the rise in awareness about the health benefits of eating fresh is helping to bring this change and prompting people to buy fresh food, including seafood. With the general consumer perception of fresher food, the better it tastes, the fresh segment of the sea bass market dominates globally. It is likely to retain its dominance throughout the forecast period.

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Europe accounts for the largest market share in the sea bass market in 2021

Based on the regions, the global sea bass market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, Europe accounted for the highest market share of 42.2% in the global sea bass market and was anticipated to maintain its dominance throughout the forecast period. Europe serves as the largest market for sea bass. Countries such as France, Italy, Greece, Spain, and Belgium are major contributors to the revenue of this region. The region withholds huge demand for seafood products due to their use in delicacies. Farmed sea bass are majorly consumed in the European market due to the presence of many farms in the region.

Sea bass farming is becoming more prevalent as large space in the ocean has been used to set up sea farms. Many produce is circulated within Europe, with Italy, Spain, France, and the UK being top consumers. A rise in demand and intense competition are compelling the European market to put more effort into innovation and research to improve the supply chain. Special efforts are further being made to help the Greek aquaculture companies. The European Commission plans to invest in sister projects MedAID and PerformFISH, which will help create a shared knowledge base and expand the European aquaculture industry.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the sea bass market. It also consists of the profiles of leading companies such as Blue Ocean Seafood SPA, Amacore B.V., Barramundi Group, Corfu Sea Farm S.A. Defne-Tur Aquaculture, Mainstream Aquaculture, Selonda SA, Oceanpick, Cromaris D.D., and Philosofish S.A. Other prominent players analyzed in the report are Duntower Corporation, Luckyfish Co., Culmarex, S.A.U., NHL Fresh Fish, Argosaronikos S.A. Fish Farm, and Ozsu Fish UK Limited. These market players have focused on acquisitions and expansion to gain a larger market share in the sea bass market.

Browse complete report: https://www.marketstatsville.com/sea-bass-market

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