| Product Code: ETC408324 | Publication Date: Oct 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The shark meat market in Indonesia faces challenges related to sustainability and conservation efforts due to concerns over declining shark populations. Nevertheless, shark meat remains a part of traditional cuisine in some regions of Indonesia. The market outlook may depend on government regulations and consumer awareness of sustainable seafood practices.
The Indonesia Shark Meat market faces challenges due to international regulations aimed at protecting endangered shark species. Although there is a local demand for shark meat in some regions, sustainability concerns and the need for responsible fishing practices are growing drivers, impacting the market`s growth potential.
The Indonesia Shark Meat market is confronted with multiple challenges, primarily related to conservation and ethical concerns. The sustainability of shark populations is a major issue, given the slow growth and vulnerability of many shark species. Overfishing and bycatch of sharks in Indonesia are issues that need to be addressed through stricter regulations and sustainable fishing practices. Furthermore, the negative perception of shark consumption due to environmental and ethical concerns poses a marketing challenge for the industry.
The shark meat market in Indonesia experienced significant disruptions during the COVID-19 pandemic. With the closure of seafood restaurants and the decline in demand for high-value shark products, local shark fishermen faced economic challenges. Additionally, concerns about zoonotic diseases and wildlife conservation have led to increased scrutiny of the shark meat industry. This has prompted calls for sustainable fishing practices and stricter regulations, potentially reshaping the market in the long term.
The Indonesia Shark Meat market has evolved in response to changing consumer preferences and environmental concerns. Leading players in this market, such as SharkFinest Foods and OceanGuardians, have adapted by emphasizing sustainable shark fishing practices. These companies have invested in technologies that reduce bycatch and promote responsible shark harvesting. They have also sought certifications that demonstrate their commitment to ethical and environmentally friendly sourcing. With their dedication to addressing conservation concerns while meeting consumer demand for shark meat, these key players are poised to shape the future of the Indonesia Shark Meat market.