Product Code: ETC408565 | 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 Philippines frozen catfish market has witnessed steady growth as catfish remains a popular seafood choice for consumers. Frozen catfish offers convenience and a longer shelf life, making it a staple in households and restaurants. The market`s expansion is also influenced by the affordability of catfish compared to some other seafood options. With proper branding and quality assurance, the Philippines frozen catfish market can continue to thrive, catering to both domestic consumption and potential export opportunities.
The Philippines frozen catfish market`s growth is propelled by factors such as the versatility of catfish in various cuisines, the convenience of frozen products, and the development of catfish farming. Catfish are well-suited for aquaculture, and their relatively quick growth contributes to increased production. Domestic consumption and export opportunities also play a role in shaping the market.
The Philippines frozen catfish market is challenged by competition from imported catfish products, often offered at lower prices due to economies of scale in other production regions. Ensuring consistent product quality and safety standards while remaining competitive can be difficult for local producers. Additionally, fluctuations in demand and supply, as well as transportation and storage issues for frozen products, impact the market`s stability.
The Philippines frozen catfish market experienced disruptions due to the pandemic`s impact on both supply and demand. On the supply side, disruptions in transportation and processing facilities led to challenges in maintaining the supply chain. On the demand side, reduced consumer spending and shifts in consumption patterns affected sales. Recovery depends on the reopening of food service establishments and the gradual return of consumer confidence.
Blue Nile Group, Fisher Farms Inc., Philfresh Corporation, and Jam Seafoods Inc. are some major players operating in the country.