Shark Meat - Global Strategic Business Report

The global market for Shark Meat was estimated at US$1.3 Billion in 2024 and is projected to reach US$1.5 Billion by 2030, growing at a CAGR of 1.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Shark Meat market.

Global Shark Meat Market - Key Trends & Drivers Summarized

How Are Global Consumption Patterns and Trade Dynamics Shaping the Shark Meat Industry?

The shark meat market is undergoing a transformation driven by shifting consumption trends, regulatory intervention, and evolving trade routes. Historically concentrated in East Asian countries such as Japan, Taiwan, and South Korea, consumption is now diversifying across regions including Europe and Latin America. Countries like Spain, Italy, and Brazil have emerged as significant consumers, especially for species such as blue shark and shortfin mako. This broader acceptance is shaped by culinary trends, religious neutrality of shark meat, and protein sourcing diversification in countries facing declining access to traditional marine proteins. Moreover, in coastal economies where shark meat is a staple, rising populations and urbanization are stimulating increased per capita consumption, particularly in processed and dried forms.

Trade dynamics are deeply influenced by environmental regulations and quota systems set by regional fisheries management organizations (RFMOs). The international shark meat trade has seen a relative uptick in volume even as shark fin trade is increasingly restricted. Export hubs like Indonesia, Mexico, and Sri Lanka continue to supply markets in East Asia and Europe, although traceability demands are increasing. Meanwhile, countries with large artisanal fishing sectors, such as Nigeria and India, are seeing growing domestic demand coupled with increasing pressures to formalize value chains. As traceability and sustainability gain traction, digital seafood supply chain platforms are being introduced to track origin and ensure compliance with food safety and conservation standards.

What Role Do Species-Specific Processing and Product Innovations Play in Market Expansion?

The shark meat market is increasingly segmented based on species, processing techniques, and product differentiation. Blue shark, mako shark, and dogfish are among the most traded and processed species, often transformed into steaks, jerky, frozen fillets, and canned meat products. Innovations in brining, freezing, and smoking processes have improved shelf life and appeal for export markets. With growing emphasis on food safety and consumer confidence, high-pressure processing (HPP) and vacuum packaging technologies are becoming more prevalent in commercial shark meat facilities. These developments are particularly vital for cold chain reliability in long-haul shipping.

Value-added product development is also playing a significant role in increasing marketability. Shark meat is being introduced into gourmet categories and ethnic food ranges in premium supermarkets, particularly in European markets. Nutritional profiling that highlights its high protein and low fat content is being used to reposition shark meat as a healthy seafood alternative, while low-mercury certification for specific species is gaining marketing traction. In local markets, shark meat is increasingly incorporated into processed foods such as fish sausages and dried snack items, targeting convenience-oriented consumers. The emergence of sustainability-certified shark meat, backed by marine stewardship councils, is further enabling market access through ethical retail channels and environmentally conscious consumers.

How Are Environmental Concerns, Regulations, and Advocacy Campaigns Affecting the Industry?

The shark meat industry faces significant scrutiny from environmental NGOs, marine biologists, and international conservation frameworks. Overfishing, bycatch, and unsustainable harvesting practices have resulted in several shark species being classified as vulnerable or endangered by IUCN. Consequently, regulatory pressures are mounting. The listing of many species under CITES (Convention on International Trade in Endangered Species of Wild Fauna and Flora) has prompted tighter trade documentation and customs enforcement. These developments have forced producers and exporters to re-evaluate sourcing practices, invest in legal quota systems, and adopt sustainable fisheries certification to maintain market access.

Public backlash against shark meat consumption, fueled by wildlife conservation campaigns and media exposure, is also influencing consumer behavior in some high-income economies. However, in many low- and middle-income coastal regions, shark meat remains a culturally embedded and nutritionally important resource. Governments in these regions are working to balance conservation with food security by promoting regulated, community-based fisheries management models. In parallel, efforts to eliminate illegal, unreported, and unregulated (IUU) fishing are encouraging the development of legal, traceable shark meat supply chains, supported by vessel monitoring systems and blockchain traceability pilots.

Despite these challenges, global shark meat demand continues to be supported by infrastructure upgrades in fish landing centers, improved data collection in artisanal fisheries, and the integration of shark meat into broader seafood development agendas. Continued pressure on tuna and other popular fish species due to climate change and overfishing may inadvertently support shark meat-s inclusion as an alternative protein in certain regional diets-though success will depend on sustainable management and traceability solutions.

What Are the Primary Growth Drivers Sustaining the Shark Meat Market?

The growth in the global shark meat market is driven by several factors that underscore both market opportunity and ecological responsibility. A key driver is the increasing demand for alternative and affordable marine protein sources in food-insecure regions. As fishmeal prices rise and overfishing impacts other stocks, shark meat-s availability and relative affordability in domestic markets is sustaining local consumption. Urbanization and migration to coastal cities in Asia and Africa are also increasing demand for ready-to-cook and dried shark meat products, particularly in culturally aligned communities.

Trade liberalization within regional economic blocs such as ASEAN and MERCOSUR is supporting the intra-regional movement of processed and frozen shark meat, while value addition within the country of origin helps improve earnings and reduce raw commodity dependence. There is also growing demand from restaurants and culinary institutions that seek to innovate menus with lesser-known seafood. In this context, sustainable shark meat-verified through catch documentation schemes and third-party audits-is beginning to enter gourmet and certified supply chains, enabling differentiated pricing.

Furthermore, investments in small-scale fisheries infrastructure, including cold storage, hygiene protocols, and digital platforms for fish auctioning, are improving the quality and marketability of shark meat. Capacity-building initiatives by development agencies and regional fisheries bodies are also promoting legal, sustainable shark harvesting, particularly when focused on species with stable populations. As climate variability continues to alter marine ecosystems and distribution patterns of commercial fish species, the relative resilience of certain shark populations could shift the balance in favor of expanded utilization-provided regulatory safeguards remain intact. The long-term outlook for the shark meat market, therefore, rests on its ability to align economic viability with sustainability imperatives.

Scope Of Study:

The report analyzes the Shark Meat market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments: Product (Shark Meat, Shark Fin); End-Use (Commercial End-Use, Residential End-Use)

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Shark Meat segment, which is expected to reach US$951.8 Million by 2030 with a CAGR of a 2.2%. The Shark Fin segment is also set to grow at 1.1% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $364.8 Million in 2024, and China, forecasted to grow at an impressive 3.6% CAGR to reach $277.5 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Shark Meat Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Shark Meat Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Shark Meat Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Abel Seafoods, ALL EASY GO FROZEN SEAFOOD Co., Ltd, Aquafin Trade Inc., Citarella, Crystal Amusements Ltd. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 34 companies featured in this Shark Meat market report include:

• Abel Seafoods
• ALL EASY GO FROZEN SEAFOOD Co., Ltd
• Aquafin Trade Inc.
• Citarella
• Crystal Amusements Ltd.
• East Coast Seafood, LLC
• Fisherman`s Choice
• Fujian Haoyuan Food Co. Ltd.
• Gaudets Seafood
• HaiDel
• Mac’s Seafood Ltd.
• Marder Trawling Inc.
• Maritime Seafood
• Oceanic Enterprises
• Poseidon Seafood
• Premier Seafood Ltd.
• Sea Harvest Corporation
• Sea to Table, Inc.
• Seabreeze International
• Sustainable Seafood Network
• Talleys
• Wellfleet Harbor Seafood Co. Inc.
• Wenzhou Haideli Shark Products Co. Ltd.

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.