The Sea Bream Market is valued at USD 834.5 million in 2023 and is projected to register at a CAGR of 9.4% during the forecast period to reach a value of USD 2057.2 million by 2033. Newly released data from Future Market Insights sea bream market analysis shows that global demand for sea bream is projected to grow year-on-year (Y-o-Y) growth of 6.1% in 2023.
| Attributes | Value |
|---|---|
| Sea Bream Market Size Value in 2023 | USD 834.5 million |
| Sea Bream Market Forecast Value by 2033 | USD 2057.2 million |
| Global Sea Bream Market Growth Rate (2023 to 2033) | 9.4% CAGR |
| Forecast Period | 2023 to 2033 |
| Collective Value Share: Top 3 Countries (2023A) | 49% |
Sea bream is a group of medium-sized, compact fish, which is also known as Sparidae. Fish is often underrated and is a recent addition to dinner tables at home or on restaurant menus. With juicy and dense white flesh, the product is sold in fillets or as a whole product usually, which takes just a few minutes to make a mouth-watering dish with a handful of simple ingredients.
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Sea bream demand grew at 1.3% CAGR between 2018 and 2022. With a clean taste, a satisfying meaty texture, and a delicate flavor, sea bream is any day, a better choice to opt for a whole fish cooked on a grilled way, for cooking fillets, or barbecued and baked in salt. The farm-gate price and retail price for fresh and whole gilthead sea bream range from USD 6.5 to 9.5 per kg and USD 8 to 17 per kg, respectively.
Recent research has revolutionized the industry over the period and is further projected to grow at a CAGR worth 9.4% through 2033. The Sea bream market, along with organic sea bream, gilthead sea bream, large-sized sea bream, fresh sea bream, B2C sales channel, and the food industry as end-use segments, is projected to reflect a favorable growth outlook in terms of revenue, according to the annual market analysis conducted by Future Market Insights.
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Commonly available United States sea bream are generally found on the coasts of the United States along with in the western Atlantic and the Caribbean. The western Atlantic sea bream, also known as Archosargus rhomboidalis, and the other species commonly identified as the sheepshead are growing in demand in the United States. They are found in plenty of covered areas, such as under bridge pilings or reefs, and prefer subtropical waters to grow.
Gilthead sea bream, often found in bays and estuaries, are predatory coastal fish (areas that have depths of almost 150m and not more than that), which may live for 11 years along with lengths up to 70cm, are growing in demand in the UK. Spawning of this species occurs in November and December mainly, when a bulk sea bream is sold in the country, which can be sourced from the Mediterranean region (Sparus aurata) as well.
Greek waters are said to be perfect for top-quality sea bream as it thrives in blue and clear water, and the supportive environment gives it great tasting, velvety texture and nutritious elements like Omega-3 fatty acids. Greek aquaculture experts grow the fish with GMO-free and certified feed, resulting in the flesh becoming tender, juicy, and white with a savoury taste, and considered the tastiest one among all the Sparidae family.
High textured meat-like product with juicy profile and widespread usage in food industry are the factors driving the growth of sea bream market.
Demand for organic sea bream is growing rapidly due to the benefits such as low liver lipid content, low-fat content, and high hepatosomatic index. Though conventional items are high in sales yet, the healthy pace of growth in the organic segment may soon catch up with the conventional counterparts. However, the growth is also boosted by the booming e-retail ecosystem, as manufacturers are offering organic products through established e-retailing channels, like Amazon or Walmart.
Furthermore, the rapid and higher revenue generation from e-commerce channels in the past few years has set fast-paced development in the organic sea bream segment, as technology improvements are happening with integrated logistics and e-retailing platforms, a wider range of online payment systems, and improvements in the online buying experience.
The food industry, especially the food processing industry, is set to emerge as a predominant revenue stream of sea bream, along with sea bass, while a maximum of those revenues will be generated via food service providers in the near future. The fish's sizes range from 300g to 1kg, with an average weight of around 450g, making s the product a great fish for serving as a whole item.
Among the best white meat fish, the large-sized (800g+) items are good for fillets and may be baked, grilled, poached, steamed, or pan-fried for consuming, with a mild taste, or with subtler and lighter Mediterranean flavors.
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Key sea bream manufacturers are looking to capture the market with joint ventures, partnerships, mergers, and acquisitions while keeping up with research for innovative product lines, and top sea bream brands are focusing on upgraded and modified products with rising demand for new formulations from food and beverage industry, which has increased over time with Sea Bream consumption among all population.
As a result of the rising need for processed, canned, and frozen sea bass and sea bream. The rise in fast-service restaurants and seafood eateries selling international cuisines created with sea bream is a major opportunity for the sea bream market players to expand their business.
Recent Developments in the Global Sea Bream Market
Key Players Profiled in the Sea Bream Market Report
| Attribute | Details |
|---|---|
| Market Size Value in 2023 | USD 834.5 million |
| Market Forecast Value in 2033 | USD 2057.2 million |
| Global Growth Rate | 9.4% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | MT for Volume and USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania and MEA |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, Italy, Spain, UK, Netherlands, Belgium, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others |
| Key Market Segments Covered | Nature, Product Type, Size, Packaging Type, Sales Channel, end Use, and Regions |
| Key Companies Profiled | HESY Aquaculture B.V.; Corfu Sea Farm S.A; Avramar; The Nissui Group; Philosofish S.A.; Pinar Balik; Kemal Balikcilik; Noordzee Su Ürünleri A.S.; Cromaris; Ozsu Fish; Gloria Maris Groupe; Others |
The sea bream industry is projected to grow at a CAGR of 9.4% through 2033.
The sea bream industry has grown at an annual rate of 5% over the past half-decade.
The global sea bream market is expected to be worth USD 2057.2 million by 2033.
The top countries driving the sea bream market demand are the United States, Germany, China, India, and Japan.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Nature 5.1. Organic 5.2. Conventional 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 6.1. Red Bream 6.2. Gilt-head Bream 6.3. Black Bream 6.4. Pandora Bream 6.5. White Bream 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Size 7.1. Large 7.2. Medium 7.3. Small 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Packaging Type 8.1. Fresh 8.2. Frozen 8.3. Canned 8.4. Others 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 9.1. B2B / HoReCa 9.2. B2C 9.2.1. Hypermarkets / Supermarkets 9.2.2. Convenience Stores 9.2.3. Mom and Pop Stores 9.2.4. Discount Stores 9.2.5. Food & Drink Specialty Stores 9.2.6. Independent Small Groceries 9.2.7. Online Retail 9.2.8. Others 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 10.1. Food Industry 10.2. Retail Industry 10.3. Pet Food Industry 10.4. Others 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. South Asia and Pacific 11.6. East Asia 11.7. Middle East and Africa 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 19. Key Countries Market Analysis 20. Market Structure Analysis 21. Competition Analysis 21.1. HESY Aquaculture B.V. 21.2. Corfu Sea Farm S.A 21.3. Avramar 21.4. The Nissui Group 21.5. Philosofish S.A. 21.6. Pinar Balik 21.7. Kemal Balikcilik 21.8. Noordzee Su Ürünleri A.S. 21.9. Cromaris 21.10. Ozsu Fish 21.11. Gloria Maris Groupe 22. Assumptions & Acronyms Used 23. Research Methodology
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Sea Bream Market
