Philippines Shark Meat Market (2025-2031) Outlook | Analysis, Companies, Revenue, Trends, Size, Value, Forecast, Share, Growth & Industry

philippines shark meat market Synopsis

Shark meat has been consumed in some cultures, the practice has faced significant criticism due to concerns about overfishing, bycatch of endangered species, and the preservation of marine ecosystems. The Philippines` involvement in the shark meat market has prompted discussions about sustainable fishing practices and the need to strike a balance between economic interests and environmental conservation.

Drivers of the Market

The Philippines shark meat market is driven by factors like local consumption preferences, international demand for shark fins, and the utilization of shark meat in traditional dishes. However, the market is also subject to concerns related to overfishing and the conservation of shark species. Sustainable fishing practices, regulations, and awareness campaigns significantly influence the growth and direction of this market.

Challenges of the Market

The Philippines shark meat market faces challenges related to environmental conservation, responsible fishing, and ethical concerns. Sharks are vulnerable to overfishing due to their slow growth and low reproductive rates. Unsustainable shark fishing can disrupt marine ecosystems. Ensuring responsible and regulated shark fishing practices is essential for biodiversity conservation. Additionally, addressing ethical concerns about shark finning and promoting alternative seafood choices can impact market dynamics.

COVID-19 Impact on the Market

The COVID-19 pandemic has had a mixed impact on the Philippines shark meat market. On one hand, restrictions on fishing and reduced seafood demand in restaurants and export markets have led to a decline in shark meat sales. However, the pandemic has also highlighted the need for sustainable practices and responsible fishing, which could encourage a shift away from unsustainable shark fishing. Conservation efforts and increased awareness of the ecological importance of sharks may reshape the market`s dynamics in the post-pandemic period.

Key Players in the Market

The key players operating in the Philippine shark meat market are Lamano Enterprises Co., Oceanwide Seafoods Corp., Sea Pride Fisheries International Corporation (SPFIC), MFL Trading Company Incorporated (MFLTCI), Siam Canadian Foods Group Philippines Inc., San Miguel Purefoods-Maruha Nichiro Corporation (SMPMC), Nissui Sea Products Co. Ltd., Thai Union Frozen Products PCL, Marutama Suisan Co. Ltd., Aqua Best Seafood Corp, and Tekkokan Food Industries Inc. These companies primarily focus on providing high quality of fresh shark meat to retailers as well as foodservice establishments across regions such as Visayas & Mindanao islands of the country.

Key Highlights of the Report:

• Philippines Shark Meat Market Outlook
• Market Size of Philippines Shark Meat Market, 2024
• Forecast of Philippines Shark Meat Market, 2031
• Historical Data and Forecast of Philippines Shark Meat Revenues & Volume for the Period 2021-2031
• Philippines Shark Meat Market Trend Evolution
• Philippines Shark Meat Market Drivers and Challenges
• Philippines Shark Meat Price Trends
• Philippines Shark Meat Porter's Five Forces
• Philippines Shark Meat Industry Life Cycle
• Historical Data and Forecast of Philippines Shark Meat Market Revenues & Volume By Product Type for the Period 2021-2031
• Historical Data and Forecast of Philippines Shark Meat Market Revenues & Volume By Shark Fin for the Period 2021-2031
• Historical Data and Forecast of Philippines Shark Meat Market Revenues & Volume By Shark Meat for the Period 2021-2031
• Philippines Shark Meat Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Philippines Shark Meat Top Companies Market Share
• Philippines Shark Meat Competitive Benchmarking By Technical and Operational Parameters
• Philippines Shark Meat Company Profiles
• Philippines Shark Meat Key Strategic Recommendations