Striped Bass Market Size, Share, Growth, and Industry Analysis, By Type (Fresh and Frozen), By Application (Online Sales and Offline Sales) and Regional Insight and Forecast to 2033

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STRIPED BASS MARKET OVERVIEW

The striped bass market, valued at approximately USD 1.27 billion in 2024, is forecasted to grow consistently, reaching USD 1.35 billion in 2025 and ultimately achieving USD 2.23 billion by 2033, at a steady CAGR of 6%.

The striped bass (Morone saxatilis) is one of the most prized and sought after fish species of the Atlantic coast of North America. Often depicted for its easy to spot design shape, the body of this car is sleek with several black lines that cross over the from front to the rear in zigzag manner on its silver to greenish-grey body. The striped bass is famous for its powerful muscle and can swim effectively, advocating the use of this fish amongst recreational fishermen.

COVID-19 IMPACT

Striped Bass Industry Had a Negative Effect Due to Supply Chain Disruptions during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The disruption of the supply chain due to the pandemic limited the harvest and supply of striped bass for purposes of commercial and recreational fishing. Measures that had the impact of limiting fishing activities, transport problems and lack of manpower held back rate in harvesting and distributing the striped bass. This lead to absences of fresh or frozen striped bass products in the markets.

LATEST TRENDS

Sustainable Fishing Practices to Propel Market Growth

The second influential trend in the market for striped bass is sustainable fishing that has become more popular due to consumer concerns about sustainability. Consequently, as consumer awareness regarding the negative effects of excess fishing and destruction of natural breeding grounds rises, the demand for sustainable seafood is rapidly increasing. As a result, fisheries and aquaculture operations are implementing measures that will enhance the survival of striped bass.

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STRIPED BASS MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Fresh and Frozen.

• Fresh- Live or freshly gutted and cleaned striped bass is considered best by many because of its sweet strong fishy flavor and firm, yet tender and scaly texture. Some of this type are highly preferred by chefs and home cooks due to the enhanced taste and quality that accompany the packs.

• Frozen- Frozen striped bass is highly convenient for consumption and easy for the outlets to store, hence straining a huge following locally and internationally. This kind of striped bass is often filleted and flash frozen soon after being caught thereby retaining its taste, quality and nutrients.

By Application

Based on application the global market can be categorized into Online Sales and Offline Sales.

• Online Sales- Fresh or frozen striped bass can be bought online through different online markets such as direct from the producer or from different outlets. This convenience is perfect coupled with the fact that people who want to buy nutritious seafood products do not have to physically go to physical shops.

• Offline Sales- Store bought striped bass is usually found in the freezer sections of grocery stores and supermarkets. Its benefits to human health and especially its versatility in preparing various meals is always a sure sell for the retailers specifically those selling fish.

Driving Factors

Increasing Consumer Awareness of Health Benefits to Drive Market Advancement

One of the key driving factors in the Striped Bass market growth is the Increasing Consumer Awareness of Health Benefits. The global consumption of striped bass has been boosted by the growing consumer concern to health benefits associated with diets, food options hence people are becoming conscious on the nutritional value that come with seafood. Moreover, our target fish, striped bass, is safe for both children and adults because the fish is loaded of protein, omega-3 essential fatty acids, and the mercury level is moderate. With an increase in the food and health conscious consumers, there is a demand for food that supports heart health, help the brain, and include necessary nutrients.

Recreational Fishing Popularity to Expand the Market

With increased leisure fishing activities across the globe, striped bass market continues to experience growth as more people look forward to consuming them. Since the start of the COVID-19 pandemic, people have been searching for outdoor non-contact social recreation and contact with nature, and recreational angling has become a popular pastime. Despite the fact that it may be somewhat difficult to catch and often considered a sporting fish, it is much in demand among fishermen both novice and professional, especially in different conditions, as it is distinguished by its excellent taste.

Restraining Factor

Growing Demand for Sustainable Seafood to Market Growth

These include the market constraints such as the overfishing of the striped bass and regulation restrictions main mainly by the over exploitation of the striped bass stocks. Fish resources have been depleted through over exploitation calling for more and stronger measures that would help to replenish the depleted stocks. Though these measures including catching quotas, closed seasons and minimum size limits are crucial in the conservation of the species they limit the available stock for sale and use from commercial and recreational fishing ventures.

Opportunity

Growing Demand for Sustainable Seafood To Create Opportunity for the Product in the Market

As more people call for seafood that has been sourced sustainably, the market for striped bass offers a immense chance which people can exploit. Since people realize more and more the consequences of overfishing and its negative effects, they are more and more concerned in choosing seafood products labeled sustainable. This is where responsibly harvested striped bass, from fisheries or aquaculture, provides the meat to meet this need.

Challenge

Environmental Changes Could Be a Potential Challenge for Consumers

The raw material for the striped bass market is the striped bass fish and therefore changes in its environment are a threat due to the effect it has on this fish. Global warming is resulting to increased water temperature, changes in water salinity, and varying weather conditions and these aspects affects the breeding as well as the development of striped bass. Also, pollution in the form of agricultural effluent, industrial effluent and urban development, has the potentiality to contaminate the water, off-stripe bass health and their sources of feeding.

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STRIPED BASS MARKET REGIONAL INSIGHTS

• North America

North America has emerged as the most dominant region in the Striped Bass market share due to a convergence of factors that propel its leadership in this dynamic industry. North America controls the striped bass market, mainly because the fish is abundant throughout the Atlantic and, especially, in the United States. Striped bass as rockfish is a famous fish both in commercial and sport fishing in North American waters. Because of the various regulatory policies and conservation measures established in the U.S., striped bass stocks have been sustained and this has lead to active commercial sales of both wild and farmed striped bass.

• Europe

Market growth in Europe is slightly behind than North America but looks like it’s on the rising process. The species is native to the sea around the Mediterranean and is commonly known as the European sea bass. Seafood has become a delicacy to many people and as peoples’ curiosity turns to different types of fish products there is a gradual increase in the demand for striped bass in some European countries.

• Asia

Implementing the same, the Asia Pacific region does not host a similar market place for striped bass because it is not indigenous to many Asiatic seas. Though hatchery production of striped bass has been attempted in aquaculture in some countries, it is not as large scale or as long lived as that witnessed in North America. Hence, the North American region continues to dominate the striped bass market, as the demand and supply forces.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Striped Bass Market Through Innovation and Market Expansion

Key enterprise players are shaping the Striped Bass marketplace through strategic innovation and marketplace growth. 80-90 per cent of the striped bass is consumed as food and many business organizations are currently venturing in the sustainable forms of farming the fish to combat the increasing unemployment of this fish. This is because by adopting better farming practices like the recirculating aquaculture systems (RAS), companies are assured of healthier fish that are produced with minimal resource use thus meeting the needs of the increasing environmentally conscious consumers.

List of Top Striped Bass Companies

●   Euclid Fish Company(U.S.)

●  A&H Seafood Market Partners(U.S.)

●   Allseas Fisheries Corp.(Canada)

●   Aqua Best Seafood Market(U.S.)

KEY INDUSTRY DEVELOPMENTS

2023: Introduction of foods or consumables that are associated with a traceable stripe bass using blockchain technology.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated time frame. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner