Product Code: ETC13345002 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Pangasius Market was valued at USD 4.5 Billion in 2024 and is expected to reach USD 6.52 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).
The Global Pangasius Market is experiencing steady growth driven by increasing demand for affordable and versatile seafood. Pangasius, also known as basa or swai, is a popular choice due to its mild flavor, low cost, and high protein content. The market is primarily fueled by the rising consumption in countries like the United States, Europe, and Asia, where health-conscious consumers are seeking lean protein sources. Vietnam is the leading producer and exporter of Pangasius globally, benefiting from its favorable aquaculture conditions and competitive pricing. However, sustainability concerns and market competition from other whitefish species pose challenges to the market`s growth. Overall, the Global Pangasius Market is expected to continue expanding as consumer preferences shift towards healthier and more affordable seafood options.
The Global Pangasius Market is experiencing a shift towards sustainable farming practices, driven by increasing consumer demand for responsibly sourced seafood. With a focus on environmental conservation and social responsibility, there is a growing opportunity for producers to differentiate their products through certifications such as ASC and Global GAP. Additionally, the rising popularity of pangasius in Asian markets presents a significant growth opportunity for exporters. Technological advancements in aquaculture practices, such as recirculating aquaculture systems and improved feed formulations, are also contributing to increased efficiency and productivity in pangasius farming. Overall, the market is poised for growth as stakeholders adapt to changing consumer preferences and embrace sustainable practices.
The Global Pangasius Market faces several challenges, including fluctuating prices due to market saturation and competition from other fish species, concerns over environmental sustainability and fish farming practices, as well as issues related to food safety and regulations. Additionally, negative perceptions and misconceptions about pangasius, such as labeling it as a low-quality or inferior fish, have impacted consumer demand. The market also grapples with the impact of natural disasters on production levels and the transportation logistics of exporting the fish globally. Addressing these challenges requires industry players to focus on quality control measures, sustainable farming practices, effective marketing strategies to educate consumers, and compliance with international standards to ensure the long-term growth and stability of the Global Pangasius Market.
The Global Pangasius Market is primarily driven by factors such as the increasing demand for seafood products due to their nutritional benefits and the rising popularity of pangasius fish as a cost-effective protein source. Additionally, the ease of cultivation of pangasius fish in aquaculture systems, which leads to higher production yields, contributes to the market growth. Changing consumer preferences towards healthier food options and the expansion of retail distribution channels also play a significant role in driving the market. Furthermore, government initiatives to promote sustainable aquaculture practices and ensure food security are expected to further propel the growth of the Global Pangasius Market in the coming years.
Government policies related to the Global Pangasius Market vary across countries, with regulations addressing areas such as production standards, environmental sustainability, and trade practices. In major producing countries like Vietnam, government policies aim to promote sustainable farming practices, ensure food safety standards, and regulate exports to key markets like the EU and the US. The European Union, a significant importer of Pangasius, enforces strict regulations on imports to protect consumer health and prevent illegal, unreported, and unregulated fishing practices. Additionally, countries like the US have implemented anti-dumping duties on Pangasius imports to protect domestic producers. Overall, government policies in the Global Pangasius Market play a crucial role in ensuring the quality, sustainability, and fair trade of Pangasius products worldwide.
The Global Pangasius Market is expected to witness steady growth in the coming years due to increasing consumer demand for affordable and nutritious seafood options. Factors such as the rise in health-conscious consumers, growing awareness about the benefits of consuming fish rich in omega-3 fatty acids, and the sustainability of pangasius farming practices are driving market expansion. Additionally, the versatility of pangasius in various cuisines and its competitive pricing compared to other seafood options are further boosting market growth. However, challenges such as fluctuating supply due to weather conditions and environmental concerns related to aquaculture practices may impact market dynamics. Overall, the Global Pangasius Market is poised for consistent growth, with opportunities for market players to innovate and capitalize on the increasing demand for sustainable and affordable seafood choices.
In the global Pangasius market, Asia holds a dominant position, particularly Vietnam, as the largest producer and exporter of Pangasius fish. North America is a key importer of Pangasius products, driven by the increasing demand for affordable seafood options. Europe is also a significant market for Pangasius, with countries like Spain, the Netherlands, and Germany being major importers. In the Middle East and Africa region, the demand for Pangasius is growing steadily due to its cost-effectiveness and versatility in various cuisines. Latin America is emerging as a potential market for Pangasius, with countries like Brazil and Mexico showing increasing interest in importing the product. Overall, the global Pangasius market is witnessing dynamic growth and evolving consumer preferences across different regions.
Global Pangasius Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Pangasius Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Pangasius Market Revenues & Volume, 2021 & 2031F |
3.3 Global Pangasius Market - Industry Life Cycle |
3.4 Global Pangasius Market - Porter's Five Forces |
3.5 Global Pangasius Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Pangasius Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Pangasius Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 Global Pangasius Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.9 Global Pangasius Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Global Pangasius Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Pangasius Market Trends |
6 Global Pangasius Market, 2021 - 2031 |
6.1 Global Pangasius Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Pangasius Market, Revenues & Volume, By Fresh, 2021 - 2031 |
6.1.3 Global Pangasius Market, Revenues & Volume, By Frozen, 2021 - 2031 |
6.1.4 Global Pangasius Market, Revenues & Volume, By Processed, 2021 - 2031 |
6.1.5 Global Pangasius Market, Revenues & Volume, By Canned, 2021 - 2031 |
6.2 Global Pangasius Market, Revenues & Volume, By Form, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Pangasius Market, Revenues & Volume, By Whole, 2021 - 2031 |
6.2.3 Global Pangasius Market, Revenues & Volume, By Fillets, 2021 - 2031 |
6.2.4 Global Pangasius Market, Revenues & Volume, By Nuggets, 2021 - 2031 |
6.2.5 Global Pangasius Market, Revenues & Volume, By Marinated, 2021 - 2031 |
6.3 Global Pangasius Market, Revenues & Volume, By End Use, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Pangasius Market, Revenues & Volume, By Food Industry, 2021 - 2031 |
6.3.3 Global Pangasius Market, Revenues & Volume, By Restaurants & Hotels, 2021 - 2031 |
6.3.4 Global Pangasius Market, Revenues & Volume, By Household Consumption, 2021 - 2031 |
6.3.5 Global Pangasius Market, Revenues & Volume, By Institutional Use, 2021 - 2031 |
6.4 Global Pangasius Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Pangasius Market, Revenues & Volume, By Supermarkets & Hypermarkets, 2021 - 2031 |
6.4.3 Global Pangasius Market, Revenues & Volume, By Online Retail, 2021 - 2031 |
6.4.4 Global Pangasius Market, Revenues & Volume, By Specialty Stores, 2021 - 2031 |
6.4.5 Global Pangasius Market, Revenues & Volume, By Direct Sales, 2021 - 2031 |
7 North America Pangasius Market, Overview & Analysis |
7.1 North America Pangasius Market Revenues & Volume, 2021 - 2031 |
7.2 North America Pangasius Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Pangasius Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Pangasius Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Pangasius Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Pangasius Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Pangasius Market, Revenues & Volume, By Form, 2021 - 2031 |
7.5 North America Pangasius Market, Revenues & Volume, By End Use, 2021 - 2031 |
7.6 North America Pangasius Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
8 Latin America (LATAM) Pangasius Market, Overview & Analysis |
8.1 Latin America (LATAM) Pangasius Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Pangasius Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Pangasius Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Pangasius Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Pangasius Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Pangasius Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Pangasius Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Pangasius Market, Revenues & Volume, By Form, 2021 - 2031 |
8.5 Latin America (LATAM) Pangasius Market, Revenues & Volume, By End Use, 2021 - 2031 |
8.6 Latin America (LATAM) Pangasius Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
9 Asia Pangasius Market, Overview & Analysis |
9.1 Asia Pangasius Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Pangasius Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Pangasius Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Pangasius Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Pangasius Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Pangasius Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Pangasius Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Pangasius Market, Revenues & Volume, By Form, 2021 - 2031 |
9.5 Asia Pangasius Market, Revenues & Volume, By End Use, 2021 - 2031 |
9.6 Asia Pangasius Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
10 Africa Pangasius Market, Overview & Analysis |
10.1 Africa Pangasius Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Pangasius Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Pangasius Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Pangasius Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Pangasius Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Pangasius Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Pangasius Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Pangasius Market, Revenues & Volume, By Form, 2021 - 2031 |
10.5 Africa Pangasius Market, Revenues & Volume, By End Use, 2021 - 2031 |
10.6 Africa Pangasius Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
11 Europe Pangasius Market, Overview & Analysis |
11.1 Europe Pangasius Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Pangasius Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Pangasius Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Pangasius Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Pangasius Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Pangasius Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Pangasius Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Pangasius Market, Revenues & Volume, By Form, 2021 - 2031 |
11.5 Europe Pangasius Market, Revenues & Volume, By End Use, 2021 - 2031 |
11.6 Europe Pangasius Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
12 Middle East Pangasius Market, Overview & Analysis |
12.1 Middle East Pangasius Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Pangasius Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Pangasius Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Pangasius Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Pangasius Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Pangasius Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Pangasius Market, Revenues & Volume, By Form, 2021 - 2031 |
12.5 Middle East Pangasius Market, Revenues & Volume, By End Use, 2021 - 2031 |
12.6 Middle East Pangasius Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
13 Global Pangasius Market Key Performance Indicators |
14 Global Pangasius Market - Export/Import By Countries Assessment |
15 Global Pangasius Market - Opportunity Assessment |
15.1 Global Pangasius Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Pangasius Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Pangasius Market Opportunity Assessment, By Form, 2021 & 2031F |
15.4 Global Pangasius Market Opportunity Assessment, By End Use, 2021 & 2031F |
15.5 Global Pangasius Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
16 Global Pangasius Market - Competitive Landscape |
16.1 Global Pangasius Market Revenue Share, By Companies, 2024 |
16.2 Global Pangasius Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |