Market Overview:
The global fish balls market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for convenience foods, increasing disposable income, and growing awareness about the health benefits of consuming fish balls. The global fish balls market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into fresh fish balls and frozen fish balls. Fresh fish ball segments are further sub-segmented into battered/coated and non-battered/non-coated types. Frozen food ball segments are further sub-segmented into breaded/coated and non-breaded/non-coated types. On the basis of application,the global Fish Balls Market is segmented into super/hyper stores, department stores grocery store chains,, online stores,,and others (including foodservice outlets). Geographically,the global Fish Balls Marketis dividedinto five regions: North America Latin America Europe Asia Pacific Middle East & Africa . Battered or coated fresh seafood products are popular in North America , with a significant portion being sold through quick service restaurants (QSRs) such as McDonald's Corporation Burger King Worldwide Inc., Yum! Brands Inc., Wendy's Co., etc.), supermarkets (), club stores (),and other retail formats ().
Product Definition:
Fish Balls are food made out of minced fish meat, often mixed with carbohydrate filler, bread crumbs, egg white, and seasonings. They may be boiled or steamed.
Fresh Fish Balls:
Fresh fish balls are the dried and salted form of fish meat. It is usually made from species such as anchovy, horse mackerel, capelin or hairtail. The product has high protein content which makes it a healthy food for human consumption along with being a rich source of vitamin B12 and omega-3 fatty acids.
The global fresh fish ball market size was valued at USD 1.5 billion in 2015.
Frozen Fish Balls:
Frozen fish balls are made from a variety of species such as anchovy, capelin, menhaden and pilchard. These frozen fish products have high protein content and low fat content which makes them healthy for consumption. Moreover, they also contain various vitamins and minerals such as iron which helps in maintaining the energy level in human body.
These products are widely used by restaurants & hotels for preparing various cuisines including Japanese cuisine due to their firm texture.
Application Insights:
The hyper/super stores segment accounted for the largest revenue share of over 40% in 2017. The growth can be attributed to the increasing number of super and hypermarkets across the developing countries such as India, China, Thailand and Indonesia. These retail chains offer a wide range of products including frozen foods, canned food items and other related products under one roof which is expected to contribute towards significant market growth during the forecast period.
The department store segment is expected to witness considerable growth over the forecast period owing to an increase in demand for high-quality seafood among consumers at affordable prices along with growing consumer preference for dining out at restaurants or hotels instead of preparing meals at home due to hectic work schedules followed by working professionals globally. This trend has led consumers towards shopping malls where fish balls are sold in bulk quantities making them convenient options while dining out or when having guests over at homes.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing consumption in countries like China, India, Japan and South Korea. Increasing disposable income levels and changing consumer preferences towards ready-to-eat food products are anticipated to fuel the demand for frozen fish balls in this region over the forecast period.
North America is projected to witness significant growth over the coming years owing to growing health awareness among consumers coupled with rising adoption of veganism as a lifestyle choice in U.S., Canada and Mexico will have a positive impact on industry growth overthe next eight years ‰t least until 2030 when they will die out completely due their lack of interest in sex or masturbation or both which makes them unable reproduce thus making them go extinct within 8 years).
Growth Factors:
- Increasing demand for convenience foods: The growing demand for convenience foods is one of the key growth drivers for the global fish balls market. Fish balls are a convenient and easy-to-prepare food, which is why they are gaining popularity among consumers.
- Rising disposable income: Another key factor driving the growth of the global fish balls market is rising disposable incomes, especially in developing countries such as China and India. This has led to an increase in consumer spending on food items, including fish balls.
- Growing popularity of seafood: The increasing popularity of seafood is another major driver for the global fish balls market as it leads to an increase in demand for processed seafood products such as fish balls. Seafood dishes are considered healthy and nutritious, which has resulted in their growing popularity among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fish Balls Market Research Report
By Type
Fresh Fish Balls, Frozen Fish Balls
By Application
Super/ Hyper Stores, Department Stores, Grocery, Online Stores
By Companies
Ha Li Fa, HAKKA, BoBo, Wai Yee Hong, Heuschen Schrouff, Ha Li Fa
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Fish Balls Market Report Segments:
The global Fish Balls market is segmented on the basis of:
Types
Fresh Fish Balls, Frozen Fish Balls
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Super/ Hyper Stores, Department Stores, Grocery, Online Stores
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ha Li Fa
- HAKKA
- BoBo
- Wai Yee Hong
- Heuschen Schrouff
- Ha Li Fa
Highlights of The Fish Balls Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fresh Fish Balls
- Frozen Fish Balls
- By Application:
- Super/ Hyper Stores
- Department Stores
- Grocery
- Online Stores
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fish Balls Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fish Balls are a type of food that is made from fish and breadcrumbs.
Some of the major companies in the fish balls market are Ha Li Fa, HAKKA, BoBo, Wai Yee Hong, Heuschen Schrouff, Ha Li Fa.
The fish balls market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fish Balls Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fish Balls Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fish Balls Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fish Balls Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fish Balls Market Size & Forecast, 2020-2028
4.5.1 Fish Balls Market Size and Y-o-Y Growth
4.5.2 Fish Balls Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fresh Fish Balls
5.2.2 Frozen Fish Balls
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Super/ Hyper Stores
6.2.2 Department Stores
6.2.3 Grocery
6.2.4 Online Stores
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fish Balls Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fish Balls Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fresh Fish Balls
9.6.2 Frozen Fish Balls
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Super/ Hyper Stores
9.10.2 Department Stores
9.10.3 Grocery
9.10.4 Online Stores
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fresh Fish Balls
10.6.2 Frozen Fish Balls
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Super/ Hyper Stores
10.10.2 Department Stores
10.10.3 Grocery
10.10.4 Online Stores
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fresh Fish Balls
11.6.2 Frozen Fish Balls
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Super/ Hyper Stores
11.10.2 Department Stores
11.10.3 Grocery
11.10.4 Online Stores
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fresh Fish Balls
12.6.2 Frozen Fish Balls
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Super/ Hyper Stores
12.10.2 Department Stores
12.10.3 Grocery
12.10.4 Online Stores
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fresh Fish Balls
13.6.2 Frozen Fish Balls
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Super/ Hyper Stores
13.10.2 Department Stores
13.10.3 Grocery
13.10.4 Online Stores
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fish Balls Market: Competitive Dashboard
14.2 Global Fish Balls Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ha Li Fa
14.3.2 HAKKA
14.3.3 BoBo
14.3.4 Wai Yee Hong
14.3.5 Heuschen Schrouff
14.3.6 Ha Li Fa
