Fresh Branzino Market size (2023 - 2030)

The Global Fresh Branzino Market is estimated to be worth USD 5.87 Million in 2023 and is projected to reach a value of USD 9.30 Million by 2030, growing at a CAGR of 6.8% during the forecast period 2024-2030.

Branzino (European seabass) is a warm-water marine white fish with a circular shape. Its silvery grey, scaly, elongated body easily distinguishes it. It weighs one and a half to three pounds and contains solid, white, delicately flavored meat with a few little bones. This fresh Mediterranean fish has a pleasantly sweet, delicate flavor and a light, flaky texture that lends itself well to broiling or roasting spices. It is mostly found on Europe’s western and southern coasts as well as the African coast on the North side. It is quite popular in the Italian cuisine. Its flaky sweet flesh appeals to a wide range of palates and lends itself to a variety of recipes and cooking methods. Branzino has been associated with a lot of health benefits. It contains minerals such as selenium, iodine, calcium, zinc, potassium, phosphorus, and magnesium. Branzino is high in important fatty acids, protein, minerals, and fat-soluble vitamins such as vitamins A, E, and D (cholecalciferol). Branzino's lean, white meat has a high amino acid profile. 100g of fish contains 18.43 g/100 g (33% of RDI). Its lean flesh is high in polyunsaturated fatty acids (PUFA) such as omega 3-fatty acids. Eating seafood may reduce the risk of heart attack, stroke, obesity, and hypertension, according to research. The FDA classifies European sea bass as the best choice based on mercury levels in its flesh. These perks help in increasing their demand thereby generating significant revenue for the fresh branzino market.

Global Fresh Branzino Market Drivers:

Increasing demand for the consumption of high-protein and low-calorie food is a major factor in driving the success of the market.

Branzino is extremely rich in protein content. Additionally, it has low calories which attracts a lot of consumers. For every 101g fillet, 23.8 grams of protein is present. Protein-rich foods help in repairing tissues, building bones, muscles, cartilage, and skin, lowering blood pressure, food digestion, regulation, blood circulation, etc. Furthermore, 100 g of branzino holds just 97 calories. Low-calorie seafood help in leading a longer and healthier life, managing blood sugar level, low age-related degeneration of the brain, etc. Therefore, the health benefits of this fish help in boosting the growth of the market.

Technological advancements play a huge role in boosting the growth of the market.

A sustainable water technology company, Ideal Fish implemented the R.A.S. technology (Recirculatory Aquaculture System). In the enormous tanks, the fish spend 12 to 14 months developing to full size while temperature, oxygen, and salinity are monitored. When the fish are fully matured and ready for delivery, they are given a gill tag with a QR code, which allows clients to follow the origins of their fish online. R.A.S. technology avoids many of the issues that plague ocean-based fish farming. The land-based tanks provide quality control and waste filtration. The branzino was introduced in the stores and it was observed that the sales were twice as strong. This technology plays a large role in the development of a robust domestic supply of high-quality seafood.

Global Fresh Branzino Market Challenges:

The growing trend and popularity of adapting to vegan-based diets act as a major hindrance for the market. Veganism is the practice of consuming plant-based products. This benefits the animal population but can cause losses to the meat and seafood industry. Secondly, alternatives are being developed for certain seafood using soy, seaweed, yeast, legumes, vegetable oils, and starches. In the future, there can be plant-based alternatives found for branzino which can shift the public preference. Thirdly, due to overfishing, there has been a decline in the population. Furthermore, one major drawback of branzino consumption can include the accumulation of unsavory and possibly deadly substances found in the ocean like methylmercury, polychlorinated biphenyls (PCBs), and dioxins. This can potentially damage an individual’s central nervous system, brain, and spinal cord.

Global Fresh Branzino Market Opportunities:

Using AI technology, people may measure the health of fisheries and see if such fisheries require time to recover by taking into consideration fish stocks, or the number of fish living in a certain region. Implementing AI has tremendously driven the growth of aquaculture in general. Secondly, there have been a lot of advancements in the features and functionalities of the fishing equipment market. Thirdly, export adoption has helped to generate more revenue for the market.

COVID-19 Impact on the Global Fresh Branzino Market:

The pandemic took a toll on the seafood industry. Factors like lockdown, movement restriction, and social distancing affected the supply chain. A lot of local shops and supermarkets were closed due to rules and guidelines. The import and export trade was affected. Furthermore, mass fear and jargon were instilled in the public regarding various food consumption. A majority of the population was inclined towards eating clean as well as healthy food and incorporating vegan and vegetarian diets. However, post-pandemic, there was more ease in restrictions implemented and the industry started to pick up and saw a growth rate.

Global Fresh Branzino Market Recent Developments:

• In March 2023, a partnership between AquaBioTech Group; the China Agricultural University National Innovation Center for Digital Fishery, and Mingbo Aquatic was formed to enhance the digitalization of the aquaculture industry for better farm management, higher animal welfare, and production growth.

• In July 2022, The Central Institute of Fisheries Technology (ICAR-CIFT) launched the Nationwide Campaign on ‘Fish for Health and Prosperity’ which emphasized the importance of fish as a nutritious food for humans and in reducing societal malnutrition.

• In February 2022, Graintec and ImpactMarine entered into a deal to establish and construct several land-based aquaculture facilities to help facilitate the development of ImpactMarine's aquaculture businesses and enable the installation of Graintec's RAS technology into new markets.

FRESH BRANZINO MARKET REPORT COVERAGE:

Global Fresh Branzino Market Segmentation: By Nature

• Wild

• Farmed

The farmed segment is the largest growing in the global fresh branzino market. This is because it is less pricey and majorly consumed in the USA increasing the revenue. Wild branzino is the fastest growing because of its superior quality and growing demand in European countries. 

Global Fresh Branzino Market Segmentation: By Distribution Channel

• Speciality stores

• Food Service

• Supermarkets

• Online stores

The specialty store is the largest growing in the global fresh branzino market owing to customer service, product specifications, wide varieties, and expert guidance. Online stores are the fastest growing because of comfort, time savings, coupons, discounts, and offers.

Global Fresh Branzino Market Segmentation: By Regional Analysis

• North America

• Europe

• Asia-Pacific

• South America

• Middle East & Africa

Europe dominates the global fresh branzino market. This is the native to branzino thereby increasing the production, consumption, and demand. Research, innovations, and investments further boost growth. Italy, UK, and France are the top consumers. Asia Pacific is the fastest growing because of increasing adaptation of the food in the diet, higher production, new technologies, and Governmental support. Australia, Japan, and China are among the top leading Asian countries for consumption.

Global Fresh Branzino Market Key Players:

1. Amacore Seafood B.V.

2. Barramundi Group

3. Mainstream Aquaculture

4. Blue Ocean Seafood SPA

5. Corfu Sea Farm S.A.

6. Cromaris D.D.

7. Oceanpick

8. Selonda SA.

9. Philosofish S.A.

10. Defne-Tur Aquaculture