Sandfish Market

Market Overview:

The global sandfish market size reached 727 Tons in 2021. Looking forward, IMARC Group expects the market to reach 2,010 Tons by 2027, exhibiting a growth rate (CAGR) of 17.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Sandfish, also known as Holothuria scabra, refers to a fish species of sea cucumber that is commonly found in the Asia-Pacific region. It mainly inhabits in shallow tropical waters. Sandfish is either consumed raw or in a processed dried form called bêche-de-mer. It acts as a rich source of numerous vitamins and minerals, such as zinc, protein, calcium, magnesium, etc. As a result, sandfish finds widespread applications in dietary supplements, cuisines, functional food and beverages, pharmaceutical products, etc.

Sandfish Market Trends:

The rising consumer health consciousness along with the escalating demand for protein-rich food products is primarily driving the global sandfish market. Sandfish contains a high amount of essential amino acids and bioactive components, such as mucopolysaccharides and chondroitin sulfate, which aid in reducing the risk of numerous lifestyle-related disorders. Additionally, the growing utilization of sandfish in traditional medicines to treat a variety of diseases, such as cancer, joint ailments, liver-related disorders, etc., is creating a positive outlook for the market. Besides this, the emerging popularity of inter-continental dishes and the inflating preferences for gourmet seafood cuisines are further bolstering the market growth. Moreover, the increasing demand for organic sandfish owing to the rising incidences of food-borne illnesses caused by pathogens commonly found in conventionally-cultured seafood products is acting as another significant growth-inducing factor. In line with this, the introduction of numerous favorable government initiatives to promote sandfish farming practices is further catalyzing the global market. Various government bodies are also offering attractive incentives and launching campaigns to educate the farmers regarding the benefits of organic farming. Numerous other factors, including the continous upgradation of cold chain and distribution network infrastructures, growing popularity of canned and frozen product variants, and elevating number of aquaculture-based trade activities, are further expected to drive the global sandfish market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global sandfish market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on application.

Breakup by Application:

• Food Service
• Food Processing
• Medical Applications
• Others
   

Breakup by Region:

• Asia
• Oceania
• Others
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles 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 Coverage:

Key Questions Answered in This Report:

• How has the global sandfish market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global sandfish market?
• What are the key regional markets?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the market?
• What is the structure of the global sandfish market and who are the key players?
• What is the degree of competition in the market?