Global Fish Balls Market Size To Exceed USD 903.14 Million By 2033 | CAGR of 5.59%
Category: Food & BeveragesGlobal Fish Balls Market Size To Exceed USD 903.14 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Fish Balls Market Size is Expected to Grow from 524.18 Million in 2023 to USD 903.14 Million by 2033, at a CAGR of 5.59% during the forecast period 2023-2033.
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Browse key industry insights spread across 257 pages with 111 Market data tables and figures & charts from the report on the "Global Fish Balls Market Size, Share, and COVID-19 Impact Analysis, By Packaging Type (Fresh Fish Balls, Frozen Fish Balls, and Canned Fish Balls), By Fish Type (Tuna, Mackerel, Salmon, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/fish-balls-market
Fish balls are made from finely chopped fish meat and mixed with various flavors and binders. The industry that makes, sells, and distributes these balls is called the "fish balls market." After that, the balls are shaped into rounds and fried. Although they are high in lean protein and omega-3 fatty acids, fish balls satisfy the nutritional requirements of consumers concerned about their health. This promotes market expansion and aids in maintaining a balanced diet. The strong preference for seafood products among consumers is driving the global market for fish balls. Packed with omega-3 fatty acids and protein, these little treats have become staples in many different cuisines around the world. The global fish ball market is driven by consumers' increasing appetite for seafood. As an illustration of the substantial consumer preference for seafood, particularly fish balls, a 2020 study conducted by the Food and Agriculture Organization (FAO) found that the world's per capita annual consumption of fish was 20.5 kg. According to a recent estimate, aquaculture will account for a growing percentage of the total amount of fish produced, currently at 46%, with a projected total of 204 million tons by 2030 a 15% increase from 2018. However, high production costs are impeding the market's growth. The worldwide market for fish balls faces challenges due to high cost of raw material.
The fresh fish balls segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on packaging type, the global fish balls market is categorized as fresh fish balls, frozen fish balls, and canned fish balls. Among these, the fresh fish balls segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. This is a result of frozen foods' convenience and extended shelf life, which accommodate busy schedules worldwide. The year-round availability and steady quality of the products, despite seasonal fluctuations in the supply of fresh fish, were credited with the frozen category's success.
The tuna segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the fish type, the global fish balls market is categorized as tuna, mackerel, salmon, and others. Among these, the tuna segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. This is because tuna is a popular choice among consumers worldwide because of its great nutritional value and delicious flavor. Additionally, tuna's low price and broad availability have contributed to its continued dominance in the market.
Asia Pacific is projected to hold the largest share of the global fish balls market over the forecast period.
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Asia Pacific is projected to hold the largest share of the global fish balls market over the forecast period. The long-standing culinary traditions in these regions, where fish balls are frequently used as a component in local cuisine. The size of the Asia Pacific area, particularly China, is one reason driving up demand for these products. The availability of numerous regional producers that offer a variety of fish balls to suit different palates is another factor propelling the market rise in this area.
North America is expected to grow at the fastest CAGR growth of the global fish balls market during the forecast period. The primary driver of this anticipated expansion is the rising consumer appetite for seafood, which is driven by its unique flavor and health benefits. The rising popularity of foreign cuisines and the growing trend of home cooking are predicted to fuel the demand for fish balls in North America.
Major vendors in the global fish balls market are BoBo, Bechtel Fisheries, Charoen Pokphand Foods PCL, Pacific Seafood Group, HAKKA, Heuschen Schrouff, Wai Yee Hong, High Liner Foods Inc., Thai Union Group PCL, and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Developments
- In December 2024, Together, Trident Seafoods and Pacific Seafoods declared that Pacific had bought Trident's Kodiak, Alaska, processing facility.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global fish balls market based on the below-mentioned segments:
Global Fish Balls Market, By Packaging Type
- Fresh Fish Balls
- Frozen Fish Balls
- Canned Fish Balls
Global Fish Balls Market, By Fish Type
- Tuna
- Mackerel
- Salmon
- Others
Global Fish Balls Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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