LONDON--(BUSINESS WIRE)--The global poke foods market size is poised to grow by USD 1.2 billion during 2020-2024, progressing at a CAGR of almost 14% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
Health benefits are among the major reasons for the growth in demand and consumption of poke foods. As they are significantly high in nutrient content such as omega-3 fatty acids and vitamin A, the demand for poke foods has risen in major regions of the world. Some of the advantages include enhancement of cardiovascular health, improvement in blood circulation, and promotion of weight loss. Therefore, with such advantages, the market is expected to witness a positive outlook during the forecast period.
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Report Highlights:
- The major poke foods market growth came from the varieties of tuna segment in 2019, and is expected to account for the highest market growth during the forecast period.
- North America was the largest poke foods market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the influx of new vendors and the growing consumption of raw tuna fish.
- The global poke foods market is fragmented. Ahipoki Bowl, ALOHA POKE Co., ECOO Common Foods GmbH & Co. KG, FRESHFIN POKE, HARTFORD POKE Co., POKED, Pokeworks, Sweetfin, The Fish Bowl, and Western United Fish Co. are some of the major market participants. To help clients improve their market position, this poke foods market forecast report provides a detailed analysis of the market leaders.
- As the business impact of COVID-19 spreads, the global poke foods market 2020-2024 is expected to have positive growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.
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Rising Demand for Organic Seafood and Poke Foods will be a Key Market Trend
Rising demand for organic seafood and poke foods is one of the major trends being witnessed in the global poke foods market. Organic seafood is manufactured from naturally-sourced ingredients and does not contain preservatives. Further, they have low calorie and gluten content compared to seafood prepared using conventional methods. Among organic seafood, demand for finfish, shellfish, shrimps, and scallops is moving forward at a brisk pace. Many vendors in the poke foods market have also started offering poke bowls prepared from organically-sourced raw tuna and other fish species. The growth of the organic seafood market is an encouraging sign for poke food market vendors as they mostly use raw products that are sourced organically. Also, an increase in the number of organized retailing outlets offering organically-sourced poke foods and regular launches of such food products are positive factors that will drive the market during the forecast period.
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Poke Foods Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist poke foods market growth during the next five years
- Estimation of the poke foods market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the poke foods market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of poke foods market vendors
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Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Varieties of tuna - Market size and forecast 2019-2024
- Other species - Market size and forecast 2019-2024
- Market opportunity by Product
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Ahipoki Bowl
- ALOHA POKE Co.
- ECOO Common Foods GmbH & Co. KG
- FRESHFIN POKE
- HARTFORD POKE Co.
- POKED
- Pokeworks
- Sweetfin
- The Fish Bowl
- Western United Fish Co.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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