Global Sea Cucumber Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Sea Cucumber Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Sea cucumbers are marine invertebrates that live on the seafloor. They're named for their unusual oblong shape that resembles a fat cucumber. Sea cucumbers range in size from about three-quarters of an inch (1.9 centimeters) to more than 6 feet long (1.8 meters) and live throughout the world's oceans, from nearshore shallow waters to the ocean's deepest trenches, according to the National Wildlife Federation. No matter the depth, their main residence is on the ocean floor, often partially buried in sand. At present, the sea cucumber products on the market are mainly cultured sea cucumbers.

Market Overview:

The latest research study on the global Sea Cucumber market finds that the global Sea Cucumber market reached a value of USD 10578.61 million in 2022. It’s expected that the market will achieve USD 14033.75 million by 2028, exhibiting a CAGR of 4.82% during the forecast period.

Assessment of the Overall Impact of COVID-19 on the Industry

Like many other industries, the sea cucumber industry has also been hit hard by the epidemic, and Covid-19 will have a great impact on the entire sea cucumber industry.

Fishery products are among the most traded commodities globally, and the disruption to supply chains caused by the COVID-19 pandemic has already had serious social and economic consequences. According to the International Institute for Environment and Development (IIED), the main factors contributing to the economic losses of small-scale fisheries in developing countries include the closure of food services and hotels in Europe and the United States, bans on seafood imports to China (fears of COVID-19 contamination) and A decline in global tourism. COVID-19 has led to restrictions on the transportation, sales and circulation of sea cucumbers, which is not conducive to farmers' release of seedlings and affects the acquisition of sea cucumbers.

In addition, sea cucumbers have been gradually recognized by consumers for enhancing immunity and inhibiting the activity of the COVID-19 virus. Sea cucumber is still a high-quality and scarce tonic. Sea cucumber practitioners should actively promote the nutritional value and scarcity of sea cucumber, seize the business opportunity of the normalization of the epidemic, and do a good job in market sales on the premise of continuously improving the quality of sea cucumber, so that sea cucumber can enhance the immunity of the people.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Haodangjia is one of the major players operating in the Sea Cucumber market, holding a share of 1% in 2022. The leading industry of the company is seawater seedling and cultivation, adopting the breeding and conservation mode to carry out aquaculture of organic sea cucumber, jellyfish, kelp, oyster, shrimp, crab, fish, shellfish and other aquatic products, forming the integration of seedling cultivation and cultivation. Frozen conditioning, ready-to-eat leisure, canned food produced by the company's subordinate enterprises.

ZONECO

The company is a comprehensive Marine enterprise mainly engaged in Marine treasures seed industry, seawater breeding and Marine food, integrating cold chain logistics, Marine leisure, fishery equipment and other related diversified industries.

Segmentation Overview:

Among different product types, Japanese Sea Cucumber segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Food Service segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Sea Cucumber market covered in Chapter 3:

Xiaoqin
Bangchuidao
Laoyinjia
Oriental Ocean
Shangpintang
Haodangjia
Shuangju
ZONECO
Aquatic

In Chapter 4 and Chapter 14.2, on the basis of types, the Sea Cucumber market from 2018 to 2029 is primarily split into:

Sandfish
Spiny Sea Cucumber
Japanese Sea Cucumber
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Sea Cucumber market from 2018 to 2029 covers:

Food Service
Food Processing
Medical Application

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)