Striped bass Market Forecast By End-use Industry 2018-2028

Posted by vakhas on February 8th, 2019

Striped bass Market Introduction

A striped bass has a silvery body marked with many dark stripes. It has a wide range of other names such as Atlantic striped bass, linesider, striper, rock and rockfish. It belongs to the Moronidae family and is primarily found in the Atlantic coast of North America. Consumption of striped bass is beneficial for health purposes as it consists of a lot of essential nutrients, which are necessary for the body.

It is a low calorie and contains a high amount of protein along with high omega-3 fatty acid, vitamin B-12, magnesium, phosphorous and selenium. It protects from diseases such as arthritis, immune deficiencies, fatigue, heart problems and others. Striped bass has white meat, medium texture, mild flavor and high oil content. It also serves as an alternative for red meats and poultry. All the parts of striped bass such as skin, roe, liver and cheeks are edible. These striped bass can be grilled, roasted, boiled, sautéed, pan-seared, poached, deep fried and even it can be eaten raw.

Additionally, striped bass is also significant for sports fishing, various angling methods such as trolling, surf casting and others for fishing purposes. Striped bass is much famous in the beach areas and communities and the global striped bass market is likely to have a moderate growth over the forecast period.

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Striped bass Market Dynamics

The primary factor such as significantly growing demand for seafood among consumers predominantly drives the market over the forecast period. The macroeconomic factors such as increasing per capita income, increasing global fish production in countries such as the U.S., China, India and Russia will push the demand for the global market over the forecast period. Consumers have become more health conscious in their food choices, as the striped bass have many health benefits. It is anticipated to experience significant growth.

Low calories, high nutrition, vitamin B, high omega-3 fatty acids and many others are the primary health benefiting agents that are present in the striped bass, which drives the global striped bass market. Manufacturers are selling two types of striped bass, fresh and frozen type of striped bass, and the frozen striped bass has a better shelf life. Moreover, there is an approximately 2.3% hike in the global fish production market, in which the striped bass holds a significant share. Due to the rise in the fish market, in turn, increases the demand for the striped bass.

Stringent rules and regulations on the commercial harvesting of the striped bass act as a significant restraint in the global market.