Shark Meat Market to increase by USD 149.85 million between 2022 to 2027, APAC is estimated to contribute 46% to the growth of the global market – Technavio

NEW YORK, Sept. 27, 2023 /PRNewswire/ — The shark meat market size is expected to grow by USD 149.85 million from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 2.59% during the forecast period. APAC is estimated to contribute 46% to the growth of the global market during the forecast period. The growth of the global shark meat market in the APAC region is primarily driven by several key factors, including an expanding population base, heightened awareness of seafood benefits, and increased disposable income. Shark meat is notably prominent in dishes like fish and chips, especially in Australia. Additionally, shark fin soup has gained popularity in countries such as Thailand, Malaysia, Vietnam, and Macau. However, it’s worth noting that there is a growing number of campaigns opposing the use and consumption of shark meat and shark fin, which could potentially impede market growth in the region. Among the significant contributors to the market in APAC are countries such as China, Japan, Taiwan, South Korea, Vietnam, Malaysia, Indonesia, and Thailand. As a result of these factors, the global shark meat market is expected to experience growth in the APAC region during the forecast period. High nutritional value is notably driving the shark meat market. However, factors such as overexploitation and depletion of fish stocks may impede market growth. The market is segmented by product (Shark meat and Shark fin), end-user (Commercial and Residential), and geography (APAC, Europe, North America, South America, and Middle East and Africa). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The FREE sample report is available in PDF format 

Key Segment Analysis

  • The shark meat segment is estimated to witness significant growth during the forecast period. There is a rising consumption of shark meat, particularly in Southeast Asia, as well as in certain regions of Africa and South America. Furthermore, shark meat finds extensive use in dishes like fish and chips in countries such as the UK, Australia, and the US. However, it is important to note that shark meat typically undergoes processing before reaching consumers since fresh shark meat tends to have a strong ammonia odor and a very short shelf life, lasting only two days. The meat is commonly processed into fillets and distributed globally. Additionally, shark meat goes by different names in various parts of the world. For instance, in Australia, it is known as flake while in the UK, it is called rock salmon which is widely used in fish and chips. These factors are expected to contribute to the growth of this segment, thereby driving market expansion during the forecast period.

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Company Insights 

The shark meat market is concentrated, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market companies, including Aquafin Trade Inc., Citarella, Crystal Amusements Ltd., East Coast Seafood LLC, Fujian Haoyuan Food Co. Ltd., Gaudets Seafood, Marder Trawling Inc., Premier Seafood Ltd., Talleys, Wellfleet Harbor Seafood Co. Inc., and Wenzhou Haideli Shark Products Co. Ltd.

View the FREE PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.


  • How do the major trends impact the market?
  • How big is the APAC market?
  • How do the key drivers and challenges impact the market?

Related Reports:

The meat market size is estimated to grow at a CAGR of 7% between 2022 and 2027. The market size is forecast to increase by USD 522.63 billion. This report extensively covers market segmentation by product (poultry, pork, beef, and others), type (processed and fresh), and geography (Europe, APAC, North America, South America, and Middle East and Africa). The expansion in the retail landscape is one of the key factors driving the growth of the global meat market.

The camel meat market size is expected to increase by USD 74.5 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.26%. This report extensively covers camel meat market segmentation by product (processed camel meat and fresh camel meat) and geography (Middle East and Africa, Europe, APAC, North America, and South America). A significant growth driver in the camel meat market stems from the numerous health benefits associated with this meat. 


Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by End-user

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis


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SOURCE Technavio