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Catching the Tide: Exploring the Asian Sea Bass Market

The market for Asian sea bass market is expected to expand at a rate of 5% per year, from $960 million in 2023 to US$ 1,492 million in 2033. Because of their rapid reproduction and robustness, the supply has increased, allowing producers to expand output.

The global Asian sea bass market is forecast to reach a valuation of US$ 960 million in 2023. From 2023 to 2033, the market is slated to experience a CAGR of 5%, concluding at a valuation of US$ 1,492 million. Consumption of Asia sea bass is inclining, given its enhanced nutritional value, as well as the consistent meaty texture. As of 2022, sales of Asian sea bass reached a valuation of US$ 853.2 million.

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Several innovative projects in production and aquaculture have been unveiled on the innovation front. The aquaculture industry is seeing advancements in output generation, including the automation of production processes and the incorporation of artificial intelligence. This now includes the raising of sea bass.

Key Takeaways from the Market Report

From 2018 to 2022, the Asian sea bass market expanded at a 2% CAGR
By source, farmed Asian sea bass was the most widely consumed, comprising 61.5% of all sales in 2022
More than 37% of Asia sea bass was consumed in the form of fillets in 2022
By distribution channel, 2/3rd of all Asian sea bass sales occurred through retail channels
Competitive Landscape

Prominent players profiled in the Asian sea bass market include Amacore Seafood B.V., Viet Asia Foods (VAFCO), MainStream Aquaculture, Shwe Yamone Manufacturing Co. Ltd., A.O. Kingdom International Co. Ltd., Nghi Son Aquatic Product Exim Co. Ltd, Oceanpick, Barramundi Asia, Allegro Aqua, Mattes Seafood and Ocean Treasure. Specific developments with regard to Asian sea bass are as follows:

In March 2019, Oceanpick Ltd. was awarded the Best Aquaculture Practice (BAP) certification. The receipt of this award led to Sri Lanka becoming a pioneer in aquaculture practices across South Asia. The certification also reinforces the company’s commitment to sustainable farming practices, especially with regard to barramundi production
More Insights Available

Future Market Insights offers an unbiased analysis of the Asian sea bass market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

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Key Segments Profiled in the Asian Sea Bass Industry Survey

By Source:

Farmed
Freshwater
Brakishwater
Wild
By Form:

Whole
Headed and Gutted
Fillet
Frozen
By Sales Channel:

Direct Sales-B2B
Food Service
Retail Sales
Modern Trade
Convenience Store
Specialty Food Stores
Wholesale Store
Discount Stores
Online Retail
Other Retail Stores

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Tapping Nature's Palette: Grape Skin Extracts Unveiled

In 2022, it was predicted that the grape skin extract market would generate US$164.47 million. Consumer preference for clean-label beauty products and nutritional supplements is anticipated to grow, driving sales to US$ 391.37 million by 2033 and registering a CAGR of 8% from 2023 to 2033.

The main factors driving this growth are the rising demand for cosmetic products made with botanical ingredients like grapes (grape skin extract) and the rise in the number of food and beverage producers who use grape skin extracts as organic and safe ingredients in the products they make due to their antioxidant properties.

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These extracts are proven well to support the cardiac health of an individual too. It has been reported that a significant percentage of Americans struggle with heart-related issues. A study by the U.S. Department of Health & Human Services suggests that coronary artery disease accounts for around 620,000 deaths among Americans annually. For instance, coronary heart disease (CHD) accounts for 370,000 annual mortalities. Dietary supplement manufacturers anticipate using grape skin extracts more frequently in the development of health supplements over the next years in an effort to lower the prevalence of heart illnesses.

Key Takeaways from the Market Study

The global market for grape skin is expected to be valued at US$ 177.96 million by 2023
From 2018 to 2022, the market demand expanded at a CAGR of 5.1%
In 2022, the United States market for grape skin extract accounted for about 35% of North American market share.
The Asia Pacific market to experience a rapid CAGR of 9.5% from 2023 to 2033.
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Competitive Landscape

Prominent players in the grape skin extract market are:

Keller Juices S.R.L
GRAP’SUD
Plamed Green Science Group
Nans Product
NFC Industry Co., Limited
Nutra Food Ingredients
Some key developments of the leading companies in this market are:

Vital Herbs has developed into a well-known exporter, producer, dealer, distributor, and supplier of fruit and botanical extracts. Organic herbal extracts, clean herbal extracts, as well as essential oils are among the products they sell. The company’s Grape Skin Extract is especially high in polyphenols like resveratrol along with anthocyanidin, that possess hypolipidemic, antioxidant, as well as anti-cancer advantages.
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Key Segments Profiled in the Global Grape Skin Extract Market

By Nature:

Organic
Conventional
By Product Type:

Red Grapes
White Grapes
By End Use:

Cosmetics and Personal Care
Creams
Lotions
Masks
Shampoos
Food & Beverage Processing
Bakery Products
Confectionery & Snacks
Gums
Meat Products
Beverages
Others

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Revolutionizing Nutrition: Phospholipids' Rise to Prominence

The phospholipid market is expected to increase at a rate of 13.5% per year and reach US$ 4.64 billion by 2033. Customised formulations are revolutionising the medical field by employing genetic profiles to provide phospholipid solutions that are unique to each industry.

By 2023 and 2033, the phospholipid market is expected to be worth US$ 1.55 billion and US$ 4.64 billion, respectively. Sales of phospholipid are anticipated to rise at a CAGR of 13.5% throughout the projection period. The phospholipid market is a quickly expanding industry with numerous uses in industries like food, medicine, and agriculture.

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Using phospholipids in agriculture is another important potential application. It has been demonstrated that phospholipids have a favourable effect on plant growth and can be utilised as a natural substitute for artificial fertilisers. When phospholipids are used in animal feed, digestion and nutrient absorption can be enhanced, which benefits both the health and production of the animals. In the upcoming years, this market segment is anticipated to grow at a faster rate due to rising consumer demand for natural and organic farming methods.

Key Takeaways:

According to FMI research, the United States currently holds a significant market share, accounting for almost 35% of the global market in 2022.
With a 15% market share in 2022, Germany has emerged as a prominent participant in the Phospholipid market.
In 2023, China’s solar pump sector is predicted to have a market share of roughly 25%.
The solar pump sector in Japan is still in its infancy, but it is predicted to develop significantly throughout the projection period.
How Key Players are Revolutionizing the Manufacturing of Phospholipid?

The phospholipid industry has a very competitive environment due to numerous companies that operate globally.

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Key Players:

Avanti Polar Lipids, Inc.
Bunge Ltd.
Cargill, Inc.
DowDuPont, Inc.
Kewpie Corporation
LasenorEmul SL
Lecico GmbH
Lipoid GmbH
Wilmar International Ltd
VAV Life Sciences Pvt. Ltd.
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Prominent players in the phospholipid market are revolutionizing the manufacturing process through various innovations and advancements. Among the significant areas of focus is the use of sustainable and environmentally friendly methods of producing phospholipids. This includes the use of renewable sources such as soybeans, sunflowers, and egg yolks to extract phospholipids, minimizing the impact on the environment.

The advancements in technology have enabled key players to develop more efficient methods of production, reducing costs and increasing production capacity. For instance, the use of supercritical fluid extraction technology allows for the extraction of high-quality phospholipids from a variety of sources, including waste streams from other industries. This not only reduces waste but also provides a cost-effective method of producing phospholipids.

Market Segmentation:

By Source:

Soy
Eggs
Others
By Form:

Powder
Granule
By Application:

Nutrition & supplements
Pharmaceuticals
Others
By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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