Global Whale Meat Market, By Type (Minke Whale, Fin Whale, Sei Whale, Bryde’s Whale and Others), Product Type (Eaten fresh, Salted, Wind-dried and Others) - Industry Trends and Forecast to 2031.
Whale Meat Market Analysis and Size
The growth of the whale meat market can be attributed to economic reasons, with some communities relying on the whaling industry for income and employment. This economic aspect has been a driving force in countries where whaling has been historically practiced which propel the market growth in the forecast period.
Data Bridge Market Research analyses that the global whale meat market, which was USD 389.1 million in 2023, is expected to reach USD 549.12 million by 2031, growing at a CAGR of 4.4% during the forecast period of 2024 to 2031. In 2024, the minke whale segment will dominate the market due to its most common demand in countries such as Japan, Norway etc. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Minke Whale, Fin Whale, Sei Whale, Bryde’s Whale and Others), Product Type (Eaten fresh, Salted, Wind-dried and Others)
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Countries Covered
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(U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)
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Market Players Covered
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Maruha Nichiro Corporation (Japan), Kyodo Senpaku Co., Ltd. (Japan) among others.
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Market Opportunities
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Market Definition
Whale meat refers to the flesh of whales that is consumed as food. Whaling, the practice of hunting and killing whales for their meat and other products, has been a source of controversy and debate due to concerns about the conservation of whale populations and ethical considerations.
Global Whale Meat Market Dynamics
Drivers
- Cultural Traditions of Consuming Whale Meat
In certain cultures, particularly in Japan, Norway, and Iceland, there are long-standing traditions of consuming whale meat. It has been part of their culinary heritage, and there has been a demand for whale meat as a traditional food.
- Growing Economic Interests with Relation to Whale Meat
The whaling industry provided economic benefits, including jobs and income from the sale of various whale products, such as meat, blubber, and oil. Economic interests have driven some countries to resist international restrictions on whaling.
Opportunities
- Food Security as Growth Source
In some regions, whale meat has been considered a source of food security, especially in times when other protein sources may be scarce. It has been viewed as a sustainable and reliable food resource in certain communities.
- Domestic Market Demand for Whale Meat
The domestic demand for whale meat in certain countries, particularly Japan, has been a driving factor. Government support and policies have, at times, reflected a desire to maintain a market for whale meat as part of the cultural and economic landscape.
Restraint/Challenge
- Awareness of Conservative Issues
Global awareness of conservation issues, ethical concerns about hunting large marine mammals, and shifting consumer preferences have led to a decline in the demand for whale meat.
- Legal Restrictions
Some countries, including several European nations, have implemented domestic laws that ban the import, sale, and consumption of whale products. This further limits the market for whale meat.
The global whale meat market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global whale meat market contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Whale Meat Market Scope
The global whale meat market is segmented on the basis of type and product type. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Minke Whale
- Fin Whale
- Sei Whale
- Bryde’s Whale
- Others
Product Type
- Eaten fresh
- Salted
- Wind-dried
- Others
Global Whale Meat Market Regional Analysis/Insights
Global whale meat market is analysed and market size insights and trends are provided by country, type and product type as referenced above.
The countries covered in the global whale meat market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
In Asia-Pacific, Japan dominates due to their culinary heritage and tradition of consuming whale meat which propels the demand for the market.
Also, Asia-Pacific is the fastest growing region in this market due to domestic market demand.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Whale Meat Market Share Analysis
The global whale meat market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global whale meat market.
Some of the major players operating in the global whale meat market are:
- Maruha Nichiro Corporation (Japan)
- Kyodo Senpaku Co., Ltd. (Japan)
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