Global Sandfish Market to Reach 2,221 Tons by 2028, Facilitated by Thriving F&B Industry

August 28, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “Sandfish Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global sandfish market size reached 857 Tons in 2022. Sandfish is a type of skink lizard that is native to arid and is well-adapted to sandy environments. It is known for its unique ability to swim through sand and has specialized scales and a streamlined body that allows them to move efficiently through loose sand. It uses a combination of body undulation and muscular movement to navigate the sand. It is well-camouflaged with its surroundings, often having a color that matches the sand they live in, which helps them blend in and evade predators. It primarily feeds on insects and small invertebrates that they find in the sandy substrate.

Global Sandfish Market Trends:

The increasing number of commercial spaces, such as cafes, restaurants, quick service restaurants (QSRs), and luxury hotels, is catalyzing the demand for sandfish in sushi, sashimi, sandwiches, pizza, pasta, steaks, burgers, wraps, and salad. This, along with the thriving food and beverage (F&B) sector, represents one of the significant factors supporting the market growth around the world. Moreover, the rising inclination of consumers towards lean meat and protein rich food like sandfish in their daily diets is favoring the growth of the market. In addition, the growing consumption of seafood like sandfish due to the increasing awareness among individuals about the health benefits of sandfish, such as reducing the risk of numerous lifestyle-related disorders, is influencing the market positively. Apart from this, rising preferences for frozen and canned sandfish-based products and increasing consumption of ready to eat (RTE) food products on account of rapid urbanization, hectic schedules, and the expanding purchasing power of individuals are propelling the growth of the market. Furthermore, the growing farming of aquatic animals and significant improvement in seafood productivity is creating a positive outlook for the market. Looking forward, the market volume is projected to reach 2,221 Tons by 2028, expanding at a CAGR of 17.2% during 2023-2028.

Market Summary:

  • Based on the application, the market has been segregated into food service, food processing, medical applications, and others. Food service currently accounts for the biggest share in the market.
  • Region-wise, the market has been segmented into Asia, Oceania, and others. Amongst these, Asia enjoys the leading position in the market.
  • The competitive landscape of the market has also been examined, with some of the key players being Aik Lee Dried Seafood, Indian Ocean Trepang, Joo Hwa Food, National Aquaculture Group, Seawijh Indonesia, Seychelles Aquaculture, Tasmanian Seafoods, and Vietnam Sea Ginseng.

Report Scope:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units Tons
Segment Coverage Application, Region
Region Covered  Asia, Oceania, Others
Companies Covered Aik Lee Dried Seafood, Indian Ocean Trepang, Joo Hwa Food, National Aquaculture Group, Seawijh Indonesia, Seychelles Aquaculture, Tasmanian Seafoods, and Vietnam Sea Ginseng.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Sandfish Market to Reach 2,221 Tons by 2028, Facilitated by Thriving F&B Industry
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