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Sandfish Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units Tons
Segment Coverage Application, Region
Region Covered  Asia, Oceania
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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Sandfish Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Application
    6.1    Food Service
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Food Processing
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Medical Applications
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Region
    7.1    Asia
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Oceania
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Others
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    SWOT Analysis
    8.1    Overview
    8.2    Strengths
    8.3    Weaknesses
    8.4    Opportunities
    8.5    Threats
9    Value Chain Analysis
10    Porters Five Forces Analysis

    10.1    Overview
    10.2    Bargaining Power of Buyers
    10.3    Bargaining Power of Suppliers
    10.4    Degree of Competition
    10.5    Threat of New Entrants
    10.6    Threat of Substitutes
11    Price Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Key Players
    12.3    Profiles of Key Players
        12.3.1    Aik Lee Dried Seafood
           12.3.1.1 Company Overview
           12.3.1.2 Product Portfolio
        12.3.2    Indian Ocean Trepang
           12.3.2.1 Company Overview
           12.3.2.2 Product Portfolio
        12.3.3    Joo Hwa Food
           12.3.3.1 Company Overview
           12.3.3.2 Product Portfolio
        12.3.4    National Aquaculture Group
           12.3.4.1 Company Overview
           12.3.4.2 Product Portfolio
        12.3.5    Seawijh Indonesia
           12.3.5.1 Company Overview
           12.3.5.2 Product Portfolio
        12.3.6    Seychelles Aquaculture
           12.3.6.1 Company Overview
           12.3.6.2 Product Portfolio
        12.3.7    Tasmanian Seafoods
           12.3.7.1 Company Overview
           12.3.7.2 Product Portfolio
        12.3.8    Vietnam Sea Ginseng
           12.3.8.1 Company Overview
           12.3.8.2 Product Portfolio

List of Figures

Figure 1: Global: Sandfish Market: Major Drivers and Challenges
Figure 2: Global: Sandfish Market: Sales Volume (in Tons), 2016-2021 
Figure 3: Global: Sandfish Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 4: Global: Sandfish Market: Breakup by Application (in %), 2021
Figure 5: Global: Sandfish (Food Service) Market: Sales Volume (in Tons), 2016 & 2021
Figure 6: Global: Sandfish (Food Service) Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 7: Global: Sandfish (Food Processing) Market: Sales Volume (in Tons), 2016 & 2021
Figure 8: Global: Sandfish (Food Processing) Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 9: Global: Sandfish (Medical Applications) Market: Sales Volume (in Tons), 2016 & 2021
Figure 10: Global: Sandfish (Medical Applications) Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 11: Global: Sandfish (Other Applications) Market: Sales Volume (in Tons), 2016 & 2021
Figure 12: Global: Sandfish (Other Applications) Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 13: Global: Sandfish Market: Breakup by Region (in %), 2021
Figure 14: Asia: Sandfish Market: Sales Volume (in Tons), 2016 & 2021
Figure 15: Asia: Sandfish Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 16: Oceania: Sandfish Market: Sales Volume (in Tons), 2016 & 2021
Figure 17: Oceania: Sandfish Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 18: Others: Sandfish Market: Sales Volume (in Tons), 2016 & 2021
Figure 19: Others: Sandfish Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 20: Global: Sandfish Market: SWOT Analysis
Figure 21: Global: Sandfish Industry: Value Chain Analysis
Figure 22: Global: Sandfish Industry: Porter’s Five Forces Analysis
Figure 23: Global: Sandfish Market: Average Production Level Price, 2016-2027

List of Tables

Table 1: Global: Sandfish Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Sandfish Market: Breakup by Application (in Tons), 2016 & 2021
Table 3: Global: Sandfish Market Forecast: Breakup by Application (in Tons), 2022-2027
Table 4: Global: Sandfish Market: Breakup by Region (in Tons), 2016 & 2021
Table 5: Global: Sandfish Market Forecast: Breakup by Region (in Tons), 2022-2027
Table 6: Global: Sandfish Market: Competitive Structure 
Table 7: Global: Sandfish Market: Key Players


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