Press release
Milkfish Market is estimated to grow at a CAGR of 5.65% during the forecast period 2024-2031 - Siam Canadian Group Limited, Stehr Group, Kaysaint International Co. Ltd.
Milkfish Market
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What is the projected growth rate (CAGR) of the Global Milkfish market from 2024 to 2031, and what is the market value expected to change by 2031?
Milkfish Market is estimated to grow at a CAGR of 5.65% during the forecast period 2024-2031
What is Milkfish Market?
Milkfish (Chanos chanos) is a species of fish native to the Indo-Pacific region, commonly found in coastal areas and brackish waters. Known for its distinctive elongated body and large, forked tail, milkfish is a popular fish in many Southeast Asian cuisines, especially in countries like the Philippines, where it is known as "bangus." Milkfish is primarily farmed for its high nutritional value, rich in omega-3 fatty acids, protein, and vitamins. The fish can be prepared in various ways, including grilling, frying, or as part of stews and soups. One unique feature of milkfish is its abundance of small, fine bones, which requires careful handling during preparation.
Key Players:
Profiles of some of the major players in the global Milkfish market, which include:
Komira Group, LAND & SEA INTERNATIONAL FOOD SUPPLY, Nireus Aquaculture S.A., Siam Canadian Group Limited, Stehr Group, Kaysaint International Co. Ltd, PT. Fishnesia Mitra Bersama, Liang Shing Frozen Seafoods Co.,LTD and W Fresh Supply.
Industry Development:
In 2020, according to SeafoodSource, the Chinese government announced an ambitious initiative to significantly boost seafood consumption among its population over the next decade. This strategy aims to enhance dietary diversity and improve nutrition among citizens, reflecting a growing recognition of the health benefits associated with seafood, such as its high protein content and essential omega-3 fatty acids. By increasing seafood consumption, China intends to support its fishing industry, promote sustainable practices, and meet the rising demand for seafood both domestically and internationally.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Milkfish market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Form: Frozen, Canned.
By Distribution Channel: Offline, Online.
Regional Break out:
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Key Features:
➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.
➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.
➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.
➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.
➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.
➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.
➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.
➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.
➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.
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