Philippines Pangasius (Basa) Market (2025-2031) | Companies, Trends, Competitive Landscape, Segmentation, Share, Industry, Analysis, Forecast, Value, Growth, Outlook, Size & Revenue

Philippines Pangasius (Basa) Market Overview

Pangasius, commonly known as basa fish, is a popular affordable seafood option in the Philippines. Its demand is growing among consumers and food service establishments for its mild flavor and versatility. Local aquaculture is developing, but much of the supply is still imported. The market is benefiting from increasing health awareness and the rising demand for lean protein sources.

Drivers of the market

The Pangasius or Basa fish market in the Philippines is experiencing moderate growth, driven by increasing demand for affordable, protein-rich food. Basa’s popularity in foodservice establishments and among health-conscious consumers is boosting imports from Vietnam, the major exporter. The local aquaculture industry is also exploring the feasibility of farming Pangasius domestically to reduce reliance on imports. Market growth is influenced by rising consumption trends in frozen seafood and the expansion of modern retail outlets.

Challenges of the market

The Pangasius market in the Philippines faces challenges due to inconsistent local production, competition with imported fish, and consumer preferences that lean toward traditional varieties like tilapia or bangus. Issues in cold chain logistics, especially for inland areas, hinder effective distribution, while insufficient quality control and certification processes limit the product’s appeal in high-end markets and export potential.

Investment opportunities in the Market

The Pangasius or Basa fish market in the Philippines presents promising investment potential, driven by the growing demand for affordable, protein-rich food alternatives. With increasing consumption of processed and frozen fish products and an expanding middle class, local aquaculture businesses can benefit from investing in hatcheries, feed supply chains, and processing facilities. Opportunities also exist in value-added product lines such as marinated fillets and ready-to-cook options. Government support for sustainable fisheries further encourages investment in this space.

Government Policy of the market

The Department of Agriculture (DA) regulates the importation and distribution of pangasius (basa) fish to ensure a stable supply and prevent price surges in the domestic market. In February 2025, the DA approved guidelines for importing up to 25,000 metric tons of various fish and seafood, including pangasius, starting in March. This initiative aims to diversify market offerings, particularly benefiting the food service industry, while safeguarding local fishermen by focusing on species not commonly caught locally. The Bureau of Fisheries and Aquatic Resources (BFAR) oversees the issuance of sanitary and phytosanitary import clearances, valid for 45 days, ensuring that only accredited importers with a history of compliance participate. ?

Key Highlights of the Report:

• Philippines Pangasius (Basa) Market Outlook
• Market Size of Philippines Pangasius (Basa) Market, 2024
• Forecast of Philippines Pangasius (Basa) Market, 2031
• Historical Data and Forecast of Philippines Pangasius (Basa) Revenues & Volume for the Period 2021- 2031
• Philippines Pangasius (Basa) Market Trend Evolution
• Philippines Pangasius (Basa) Market Drivers and Challenges
• Philippines Pangasius (Basa) Price Trends
• Philippines Pangasius (Basa) Porter's Five Forces
• Philippines Pangasius (Basa) Industry Life Cycle
• Historical Data and Forecast of Philippines Pangasius (Basa) Market Revenues & Volume By Culture Type for the Period 2021- 2031
• Historical Data and Forecast of Philippines Pangasius (Basa) Market Revenues & Volume By Fresh Water for the Period 2021- 2031
• Historical Data and Forecast of Philippines Pangasius (Basa) Market Revenues & Volume By Brackish Water for the Period 2021- 2031
• Historical Data and Forecast of Philippines Pangasius (Basa) Market Revenues & Volume By Feed Type for the Period 2021- 2031
• Historical Data and Forecast of Philippines Pangasius (Basa) Market Revenues & Volume By Commercial Pellets for the Period 2021- 2031
• Historical Data and Forecast of Philippines Pangasius (Basa) Market Revenues & Volume By Home-Made Pellets for the Period 2021- 2031
• Historical Data and Forecast of Philippines Pangasius (Basa) Market Revenues & Volume By Rearing Method for the Period 2021- 2031
• Historical Data and Forecast of Philippines Pangasius (Basa) Market Revenues & Volume By Ponds for the Period 2021- 2031
• Historical Data and Forecast of Philippines Pangasius (Basa) Market Revenues & Volume By Floating Cage for the Period 2021- 2031
• Historical Data and Forecast of Philippines Pangasius (Basa) Market Revenues & Volume By Product Type for the Period 2021- 2031
• Historical Data and Forecast of Philippines Pangasius (Basa) Market Revenues & Volume By Processed for the Period 2021- 2031
• Historical Data and Forecast of Philippines Pangasius (Basa) Market Revenues & Volume By Raw for the Period 2021- 2031
• Historical Data and Forecast of Philippines Pangasius (Basa) Market Revenues & Volume By Value-Added for the Period 2021- 2031
• Philippines Pangasius (Basa) Import Export Trade Statistics
• Market Opportunity Assessment By Culture Type
• Market Opportunity Assessment By Feed Type
• Market Opportunity Assessment By Rearing Method
• Market Opportunity Assessment By Product Type
• Philippines Pangasius (Basa) Top Companies Market Share
• Philippines Pangasius (Basa) Competitive Benchmarking By Technical and Operational Parameters
• Philippines Pangasius (Basa) Company Profiles
• Philippines Pangasius (Basa) Key Strategic Recommendations