The global sea bass market size was US$ 4,039.9 million in 2021. The global sea bass market size is forecast to reach US$ 6831.2 million by 2030, growing at a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2022 to 2030.

The family Serranidae (order Perciformes) includes a variety of fishes, the majority of which are marine and found in the shallower parts of warm and tropical oceans. Sea bass refers to the entire family of fish. However, the individual fish are known by a variety of names, including hamlet, hind, cony, graysby, grouper, and jewfish, in addition to sea bass and bass. Sea bass is a fish that looks like a perch. Sea bass range in size from a few centimeters to 2 meters (6 feet) and 225 kilograms (500 pounds).

Factors Influencing Market Growth

• Among the factors driving the global market include growing demand for food with high protein and a low-calorie count. One fillet serving of sea bass, on average, has close to 25 grams of protein. On the other hand, the calories are only about 125. 
• Vegan and vegetarian diets are evolving more popular and more common among people. These diets contain the consumption of animal products, including fish. Thus, this factor may slow down the overall market growth.
• Sustainability is becoming increasingly vital in product purchase decisions, particularly among millennials and generation Z populations of developing and developed nations. Thus, increasing sustainable sea bass farming is forecast to offer lucrative opportunities for market growth.

Impact Analysis of COVID-19

Due to the lockdown imposed by the government during the COVID-19 pandemic, all production facilities that do not fall under the category of vital products had to shut down. It has also caused economic disruption by shutting down shopping malls, restaurants, and other retail and service businesses. The foodservice sector accounts for a large portion of the revenue generated by the sea bass business. The announcement by the government that a significant sector of the hospitality business, including full-service restaurants, caterers, and quick-service restaurants, has to close has slowed the selling of sea bass significantly. Therefore, these factors have a negative impact on the global market. 

Regional Insights

The Asia Pacific region is forecast to have lucrative growth in the sea bass market during the forecast period. As a result of the rising demand for seafood, growing retail penetration, increasing disposable income, and government approval for setting up farms, loans, subsidies, & many other elements. Countries like India and China are likely to witness growth in production capabilities due to the rising demand for seafood products in the coming years. Thus, these factors are forecast to drive market growth in the region.

Leading Competitors

The leading prominent companies profiled in the global sea bass market are:

• Barramundi Group
• Blue Ocean Seafood SPA
• Amacore B.V.
• Corfu Sea Farm S.A.
• Defne-Tur Aquaculture
• Mainstream Aquaculture
• Oceanpick
• Cromaris D.D.
• Selonda SA
• Philosofish S.A. 
• Culmarex, S.A.U.,
• Duntower Corporation
• Luckyfish Co.,
• NHL Fresh Fish,
• Argosaronikos S.A. 
• Fish Farm, 
• Ozsu Fish UK Limited
• Other Prominent Players

Scope of the Report

The global sea bass market segmentation focuses on Type, Nature, Sales Channel, and Region.

Segmentation based on Type

• Fresh
• Processed

Segmentation based on Nature

• Wild
• Farmed

Segmentation based on Sales Channel

• Food Service
• Hypermarket/Supermarket
• Specialty Stores
• Online Channel

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America