Fish Balls Market is expected to reach USD 697.63 million by 2029 : Cognitive Market Research

As per Cognitive Market Research analysis, the global Fish Balls market size was valued at 465.40 Million in 2021 and is expected to grow at a CAGR of 5.19 % during the forecast period, reaching 697.63 Million by 2029.

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Fish ball is a ball-shaped patty made of pulverized fish. These fish meatballs are white or yellow in colour, and made by pounding rather than grounding. Fish Ball is a popular snack with fish as the main ingredient. These balls is made the fish meat which is processed and mixed with other spices to form a fish paste. They can be served as toppings in noodle soup or as a tasty snack with dipping sauce as delicious food. Fish balls are essential components in Asian cuisine, particularly in Chinese, Filipino, Hong Kong and other regions of East Asia and Southeast Asia. The rising popularity of sea food due to its high nutritional value is a key driving factor responsible for the growth of the fish balls market over the forecast period. Fish balls are a popular street foods commonly found in noodle bowls and skewers, as fish is a good source of vitamin B12, phosphorus, vitamins A and D3, omega-3 fatty acids, and wholesome protein. Additionally, consumers are increasingly shifted towards ready to eat food options in street stalls are another factor that boosts the growth of this market. However, fish is getting expensive may limit the growth of this market. Furthermore, The food companies in this industry is developing proprietary, non-GMO process for producing fish muscle, fat, and connective tissue from a single stem cell that will enable production of cultivated seafood products. This is expected to provide new opportunities for the fish balls market in near future.

Regional Analysis of the Fish Balls Market:
• Asia pacific is expected to account for a considerable revenue share in the Fish Balls market during the forecast period, 2022-2029. The growth of the market is mainly attributed to the increasing demand for frozen fish balls which are an addition to many Asian dishes and can be used in stir fries, hot pots, soups, or served with a dipping sauce. Fish balls are a popular food item in Asia, consisting of a ball made from flaked fish and other ingredients. Asian fish balls are found in variety of flavours and cooked in different ways across Asia. Fish balls-on-a-stick and fish ball soup are the typical street foods in many parts of Asia.

Top players involved in the Global Fish Balls Market:
- The market involves key players such as
• Ha Li Fa
• HAKKA
• BoBo
• Wai Yee Hong
• Heuschen Schrouff
• Others.

Lab-grown 'fish balls' are ready for market
• In August 2022; Bluu Seafood said its products made from cultivated fish cells are now available in market and will begin the regulatory approval process. The company became the first in Europe to sell cell-cultured seafood products. Bluu Seafood grows products from non-GMO and salmon cells.

Ha Li Fa introduced plant-based fish ball noodles under Eat Plant Love brand
• In December 2022; Singapore-based Ha Li Fa launched its first plant-based seafood analog product under its Eat Plant Love brand. This product is collaboration between Eat Plant Love and the street food vendor LiXin Teochew, renowned for its fishball noodles. The most-popular seafood product is BoBo Fishballs, has said it will be increasing its focus on manufacturing plant-based seafood products for Asian region. The company launched its Eat Plant Love brand with the mission of creating healthy food made from meat-free ingredients in balanced combinations.

Segment Analysis:
• Based on the Type, the market is segmented into fresh fish balls and frozen fish balls. The fresh fish balls segment led the global fish balls market and is expected to remain in the leading position throughout the forecast period. Fresh fish balls increasingly preferred by consumers as it look into storage stability. Fresh fish balls may also be vacuum packed to extend shelf life according to the consumer's demand.

• Based on the Distribution channel, the market is segmented into super/ hyper stores, department stores, grocery, online retailers and others. Supermarket have dominated the distribution channel segment owing to this markets have a wide range of fish balls and frozen fish products for consumers, including fried fish balls, lobster balls, crab balls, cuttlefish buns, fishcakes, and seafood tofu.

Related Report:
• Meat Meal market - https://www.cognitivemarketresearch.com/meat-meal-market-report
• Health Food Market - https://www.cognitivemarketresearch.com/Health-Food-market-report
• Organic Food Market - https://www.cognitivemarketresearch.com/Organic-Food-market-report

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