Shark Meat Market Size Valued at USD 744.1 Million in 2024, Expected to Reach USD 1.2 Billion by 2035, Growing at a CAGR of 4.4% | Forecast 2025–2035

The global shark meat market has shown steady growth as consumers around the world increasingly embrace diverse seafood options. Valued at USD 744.1 million in 2024, the market is projected to reach USD 776.9 million in 2025 and further expand to USD 1,200 million by 2035, exhibiting a compound annual growth rate (CAGR) of 4.4% over the forecast period (2025–2035).

Shark meat, known for its firm texture and mild flavor, has become a valuable source of lean protein in various coastal and Asian cuisines. It is consumed in multiple forms — fresh, dried, salted, and smoked — and is increasingly featured in ethnic dishes, gourmet seafood menus, and export-oriented seafood processing industries.

Key Growth Factors Driving the Market

1. Rising Global Seafood Consumption:

The continued growth of global seafood consumption remains a major driver of the shark meat market. Consumers are prioritizing nutrient-dense and protein-rich foods, and shark meat is gaining attention for its high protein and low-fat profile. As the global population becomes more health-conscious, the demand for alternative seafood proteins continues to rise, creating opportunities for shark meat suppliers.

2. Expanding Culinary Applications and Regional Demand:

Shark meat has long-standing cultural and culinary importance in Asia-Pacific regions, including Japan, South Korea, China, and the Philippines, where it is used in traditional soups, stews, and cured preparations. In Europe and Latin America, shark meat is also consumed as part of local seafood delicacies. The growing popularity of ethnic cuisines in Western countries is further increasing market exposure and cross-border trade.

3. Growth in Processed and Packaged Seafood Products:

The expansion of the seafood processing industry has led to a rise in frozen, canned, and vacuum-packed shark meat products. Improved processing techniques and cold-chain logistics have made shark meat more accessible and shelf-stable for export markets. Consumers’ preference for ready-to-cook and packaged seafood has contributed to the sustained demand for processed shark meat globally.

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Market Trends and Emerging Developments

1. Rising Focus on Sustainable and Regulated Fishing Practices:

With growing awareness about marine biodiversity and overfishing, sustainability is becoming a focal point in the shark meat market. Regulatory authorities and producers are emphasizing traceable sourcing, certified fisheries, and sustainable harvesting methods. Companies adhering to ethical fishing standards are gaining favor among international buyers, particularly in the European Union and North America.

2. Technological Advancements in Processing and Preservation:

The adoption of advanced freezing, drying, and vacuum-sealing technologies has enhanced product quality, reduced spoilage, and extended shelf life. These improvements allow producers to maintain freshness, minimize waste, and ensure consistent taste and texture, even during long-distance transportation. Such innovations are crucial for meeting the quality expectations of global markets.

3. Increasing Popularity of High-Protein Diets:

The global fitness and wellness trend has boosted demand for lean, high-protein food sources, positioning shark meat as a viable alternative to red meat and poultry. Nutrition-conscious consumers, particularly in urban centers, are seeking diverse protein options that align with their dietary goals. This shift is supporting steady market penetration, especially in sports nutrition and health-conscious consumer segments.

Opportunities and Regional Insights

1. Strong Market Growth in Asia-Pacific:

The Asia-Pacific region remains the largest consumer and exporter of shark meat. Countries such as China, Japan, Taiwan, and Indonesia have deep-rooted culinary traditions involving shark-based dishes. Government efforts to regulate fishing and promote value-added seafood products are also contributing to sustainable market growth across the region.

2. Expansion in Latin America and Africa:

Emerging markets such as Brazil, Mexico, and South Africa are showing notable increases in shark meat demand, driven by coastal fisheries, local cuisine trends, and export opportunities. These regions also benefit from lower production costs and the presence of rich marine resources, which support the expansion of shark meat trade.

3. Growth of Online Seafood Retail and Export Trade:

The rise of e-commerce platforms and digital seafood marketplaces has improved the accessibility of shark meat to global consumers. Online retail is allowing small and mid-sized seafood brands to reach international buyers, while logistics improvements and cold storage facilities are making exports more efficient and cost-effective.

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Challenges Impacting Market Growth

Despite steady expansion, the shark meat market faces several challenges. Environmental concerns and restrictions on certain shark species pose ongoing regulatory hurdles. Conservation organizations and policymakers continue to enforce stricter fishing regulations to combat overexploitation and protect endangered species.

Additionally, consumer perception challenges—especially in Western countries where shark conservation awareness is high—can limit market growth. Balancing commercial demand with ecological responsibility remains a critical issue for industry stakeholders.

Future Outlook of the Shark Meat Market

The future outlook for the shark meat market indicates moderate yet consistent growth, underpinned by innovation, regulation, and evolving consumption patterns. As the industry embraces sustainable fishing practices, transparency, and product diversification, shark meat is likely to remain a niche but profitable segment within the global seafood industry.

In the coming decade, emphasis will be placed on value-added product development, such as ready-to-eat meals, shark jerky, and nutritionally fortified seafood snacks. Governments and industry participants are also expected to strengthen partnerships to promote sustainable marine resource management and traceable supply chains.

By 2035, as the market reaches USD 1.2 billion, the shark meat industry will continue to evolve — balancing consumer demand, culinary innovation, and marine sustainability. With rising awareness and improved regulation, the global market is set to achieve steady long-term growth while aligning with the broader goals of responsible seafood consumption.

Key Companies in the Global Shark Meat Market include:

• Mowi ASA

• Nissui

• Guan's Group

• Ocean Quality AS

• Pacific Seafood

• Stari

• K&K Seafood

• Water Street Seafood

• Sushi King

• Nippon Suisan Kaisha

• Thai Union Group

• American Seafoods

• Foran Seafoods

• Seafood International

• Blue Horizon

• Maruha Nichiro Corporation

• Royal Greenland

Explore our Global Report in Regional Languages:

ビーガンプロテインバー市場

Markt für vegane Proteinriegel

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