Pangasius Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
According to the National Fisheries Institute, Pangasius is the 10th most popular fish consumed. Pangasius is primarily found in Vietnam, Cambodia and neighboring nation. The aquaculture was in Vietnam to enhance the production of fishes to cope up with the global demand. The largest exporter of pangasius is Vietnam, exports more than 50% of its production. New market entrants Russia, Middle East and some Asian countries have demonstrated a growing demand for pangasius, imports from the Vietnam. Pangasius fish has low to medium fat content with high levels of protein. Pangasius is rich in omega-3 fatty acid which has many health benefits. Pangasius has wide range of application like in pharmaceutical industry, dietary supplements and other.
Global Pangasius market is expected to increase with significant value CAGR over the forecast period, owing to increasing application of Pangasius in various industries among which, food industry holds the majority of the share.
Pangasius Market: Segmentation
Pangasius market can be segmented on the basis of product type, species, application and sales channel.
On the basis of product type, Pangasius market can be segmented into fresh whole fish, frozen whole fish, fresh fillet and frozen fillet. Vietnam exports the frozen product in different part of the globe.
On the basis of species, there are basically three types of species which are commercially available Ictalurus Punctatus(catfish), Pangasius bocourti(Basa),Pangasius hypopthalmus, out of which Pangasius bocourti(Basa) and Pangasius hypopthalmus are found in Vietnam, china and neighboring countries. All the three species are produced by aquaculture technique.
On the basis of application, Pangasius market is segmented into dietary supplements, pharmaceutical industry and food industry. Pangasius fish is rich in omega-3 fatty acid which is taken as dietary supplements. As pengasius provides healthy functioning of heart, kidney and liver, it is highly applicable in pharmaceutical industries.
Pangasius products market is further segmented on the basis of distribution channel into direct and indirect channel. Indirect channel is further sub-segmented into modern grocery stores and traditional grocery stores. Modern grocery includes hypermarket or supermarket, convenience store and discount stores whereas traditional grocery includes independent small vendors. Indirect segment also includes online platform.
Pangasius market: Drivers, Restraints, and Trends
Innovative farming technique has been applied in china, Cambodia and Thailand to complete the demand of Pangasius in global market. Pangasius bocourti variety is driving the market due to its mild to a sweet flavor, whiter meat color and somewhat flaky cooked texture. In Vietnam, to upgrade the cold storage capacity to accelerate the market, aquaculture companies have invested in improving their material storage place. Approximately all the running dines in European nation and America now feature Pangasius food on their menus. Different types of packaged food in retail store or hypermarket giving multiple option to the consumers consolidating the market growth.
Despite this phenomenal growth, Pangasius market in Vietnam is facing enormous loss because of short storage area. On the other side, climatic conditions could possibly affect the yield of Pangasius, hence could be considered as a restraint, impeding the market’s trajectory over the forecast period and affecting the growth of Pangasius market.
Pangasius Market: Regional Outlook
On the basis of the regional segment, the market of pangasius product can be segmented by five different regions. Regional segment includes North America, Latin America, Europe, APAC, and MEA. On analyzing the production of pangasius in the global market, primary demand for pangasius in the global market is from China, Russian, European and American countries due to its wide application in food and pharmaceutical industry.
Pangasius Market: Key Players
Some of the key players in Pangasius market are High Liner Foods, Iglo Group, Leroy Seafood Group, Marine Harvest, Thai Union Frozen Products Beijing Princess Seafood International Trading, Dong Won Fisheries, Empresas AquaChile, Faroe Seafood, Findus Group, Hansung Enterprise, Kverva, Labeyrie Fine Foods, Marine Harvest, Mogster Group, Princes Group, Sajo Industries, Stolt Sea Farm, Surapon Foods, Tassal Group and other.
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
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.