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Global Whale Meat Market – Industry Trends and Forecast to 2031

Food & Beverage

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Global Whale Meat Market – Industry Trends and Forecast to 2031

  • Food & Beverage
  • Upcoming Report
  • Mar 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Whale Meat Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 389.10 USD Million
Diagram Market Size (Forecast Year) USD 549.12 USD Million
Diagram CAGR %

Major Markets Players

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Global Whale Meat Market, By Type (Minke Whale, Fin Whale, Sei Whale, Bryde’s Whale and Others),  Product Type (Eaten fresh, Salted, Wind-dried and Others) - Industry Trends and Forecast to 2031.

Whale Meat Market

Whale Meat Market Analysis and Size

The growth of the whale meat market can be attributed to economic reasons, with some communities relying on the whaling industry for income and employment. This economic aspect has been a driving force in countries where whaling has been historically practiced which propel the market growth in the forecast period.

Data Bridge Market Research analyses that the global whale meat market, which was USD 389.1 million in 2023, is expected to reach USD 549.12 million by 2031, growing at a CAGR of 4.4% during the forecast period of 2024 to 2031. In 2024, the minke whale segment will dominate the market due to its most common demand in countries such as Japan, Norway etc. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

 Type (Minke Whale, Fin Whale, Sei Whale, Bryde’s Whale and Others),  Product Type (Eaten fresh, Salted, Wind-dried and Others)

Countries Covered

(U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)

Market Players Covered

Maruha Nichiro Corporation (Japan), Kyodo Senpaku Co., Ltd. (Japan) among others.

Market Opportunities

  • Food Security as Growth Source
  • Domestic Market Demand for Whale Meat

Market Definition

Whale meat refers to the flesh of whales that is consumed as food. Whaling, the practice of hunting and killing whales for their meat and other products, has been a source of controversy and debate due to concerns about the conservation of whale populations and ethical considerations.

Global Whale Meat Market Dynamics

Drivers

  • Cultural Traditions of Consuming Whale Meat

In certain cultures, particularly in Japan, Norway, and Iceland, there are long-standing traditions of consuming whale meat. It has been part of their culinary heritage, and there has been a demand for whale meat as a traditional food.

  • Growing Economic Interests with Relation to Whale Meat

The whaling industry provided economic benefits, including jobs and income from the sale of various whale products, such as meat, blubber, and oil. Economic interests have driven some countries to resist international restrictions on whaling.

Opportunities

  • Food Security as Growth Source

In some regions, whale meat has been considered a source of food security, especially in times when other protein sources may be scarce. It has been viewed as a sustainable and reliable food resource in certain communities.

  • Domestic Market Demand for Whale Meat

The domestic demand for whale meat in certain countries, particularly Japan, has been a driving factor. Government support and policies have, at times, reflected a desire to maintain a market for whale meat as part of the cultural and economic landscape.

Restraint/Challenge

  • Awareness of Conservative Issues

Global awareness of conservation issues, ethical concerns about hunting large marine mammals, and shifting consumer preferences have led to a decline in the demand for whale meat.

  • Legal Restrictions

Some countries, including several European nations, have implemented domestic laws that ban the import, sale, and consumption of whale products. This further limits the market for whale meat.

The global whale meat market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global whale meat market contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Whale Meat Market Scope     

The global whale meat market is segmented on the basis of type and product type. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Minke Whale
  • Fin Whale
  • Sei Whale
  • Bryde’s Whale
  • Others

Product Type

  • Eaten fresh
  • Salted
  • Wind-dried
  • Others

Global Whale Meat Market Regional Analysis/Insights

Global whale meat market is analysed and market size insights and trends are provided by country, type and product type as referenced above.

The countries covered in the global whale meat market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.

In Asia-Pacific, Japan dominates due to their culinary heritage and tradition of consuming whale meat which propels the demand for the market.

Also, Asia-Pacific is the fastest growing region in this market due to domestic market demand.

The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Whale Meat Market Share Analysis

The global whale meat market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global whale meat market.

Some of the major players operating in the global whale meat market are:

  • Maruha Nichiro Corporation (Japan)
  • Kyodo Senpaku Co., Ltd. (Japan)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Whale Meat Market size will be worth USD 549.12 million by 2031.
The Whale Meat Market growth rate is 4.4% by 2031
The Cultural Traditions of Consuming Whale Meat and Growing Economic Interests with Relation to Whale Meat are the growth drivers of the Whale Meat Market.
The type and product type are the factors on which the Whale Meat Market research is based.
The Maruha Nichiro Corporation (Japan), Kyodo Senpaku Co., Ltd. (Japan) are the major companies in the Whale Meat Market.
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