Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.8 Billion | USD 12.8 Billion | 5.66% | 2023 |
The global poke food market size was evaluated at $7.8 billion in 2023 and is slated to hit $12.8 billion by the end of 2032 with a CAGR of nearly 5.66% between 2024 and 2032.
Poke food is a conventional Hawaiian dish that makes use of diced raw fish that is consumed as an appetizer. Furthermore, poke is made by using various varieties of fish that can substitute octopus or shellfish. Reportedly, the product consists of high omega-3 fatty acids and proteins. Moreover, a growing preference for healthy fusion-flavored food products is anticipated to spearhead the expansion of the global market.
Escalating demand for the product owing to its nutritive contents will help the global market reach new heights of growth by 2032
Growing demand for creating new poke bowls with various ingredients & flavors will steer the global poke food market trends. Surging intake of grab-and-go diet due to hectic life schedule can pave the way for humungous expansion of the global market. Moreover, consumers prefer healthy & convenient diet and hence it is likely that the demand for pole food will increase leaps & bounds in the coming years. A humongous intake of healthy snacks will expand the scope of the global market demand in the years ahead.
New product launches will contribute majorly towards the growth of the global market. For instance, in February 2024, Pokeworks, a leading premium fast-casual Poke manufacturing firm, introduced plant-based tuna. The move is aimed at creating food dishes for people opting for a vegan diet.
Availability of low tuna fish stock owing to massive intake of the fish can put brakes on the global industry expansion over the forecast period
Reduction in the fish stock, particularly tuna fish, can restrict the expansion of the global poke food industry. Apart from this, high product demand and its lesser supply can increase the cost of the product, thereby restraining the global industry growth.
Rise in the online retail activities are likely to open new growth avenues for the global market
An increase in the online retail sales of the product along with a thriving e-commerce sector will open new growth opportunities for the global poke food market. In addition to this, rise in the web penetration and the growing trend of online shopping among end-users will scale up the growth of the market globally.
Surge in import duties & supply chain oscillations can challenge the growth of the industry globally
A rise in import and export costs along with supply chain disruptions can prove to be a big challenge in the expansion of the global poke food industry in the years to come.
The global poke food market is sectored into type, end-use, and region.
In terms of type, the poke food market across the globe is segregated into tuna, shellfish, salmon, octopus, and other segments. Furthermore, the tuna segment, which acquired nearly 55% of the global market earnings in 2023, is projected to record the highest gains in the ensuing years. The progression of the segment from 2024 to 2032 can be attributed to a rise in the use of raw fish for preparing poke foods. Additionally, the huge nutritive contents of tuna help in making poke food a healthy diet.
Based on the end-use, the global poke food industry is sectored into household and commercial segments. Additionally, the commercial segment, which gathered a key share of the global industry in 2023, is forecast to lead the segmental hemisphere in the years to come. The segmental progression from 2024 to 2032 can be owing to the surging trend of dining in restaurants & hotels among the millennial population and youth. Additionally, ready-to-eat poke helps save time for cooking and hence has gained enormous popularity among consumers across the globe, thereby spurring the growth of the segment.
Report Attributes | Report Details |
---|---|
Report Name | Poke Food Market |
Market Size in 2023 | USD 7.8 Billion |
Market Forecast in 2032 | USD 12.8 Billion |
Growth Rate | CAGR of 5.66% |
Number of Pages | 205 |
Key Companies Covered | Ahi Pokeand Island Fin Poke Co., Pokeworks, Aloha Poke, Double Seven Hospitality, Island Poke, Western United Fish Co., ECOO Common Food GmbH and Co., Ginger Sushi Boutique Franchise, AnnaSea Foods Group, The Poke Company, Sweet fin Poke, Freshfin Poke., and others. |
Segments Covered | By Type, By End-Use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific is predicted to maintain the leading position in the global Poke Food market in the upcoming years
North America, which accounted for nearly two-thirds of the global poke food market earnings in 2023, is projected to be a dominating region in the next couple of years. In addition to this, the growth of the market in the region over the assessment period can be subject to a rise in the consumption and demand for nutritive diets among the population of the U.S. and Canada. An increase in the number of hotels & restaurants offering poke foods in the region will embellish the growth of the market in North America.
The European poke food industry is set to register the fastest annual growth rate in the forecast timeline. The expansion of the industry in Europe can be due to the escalating intake of convenience foods in European countries such as Italy, Russia, Estonia, Germany, the UK, and France. A surge in the working populace in the continent has translated into huge demand for the product in Europe due to their hectic work schedule leading to the intake of a convenience diet.
The global poke food market profiles key players such as:
By Type
By End-Use
FrequentlyAsked Questions
Poke food is a conventional Hawaiian dish that makes use of diced raw fish that is consumed as an appetizer. Furthermore, poke is made by using various varieties of fish that can substitute octopus or shellfish.
The global poke food market growth over forecast period can be owing to consumers prefer healthy & convenient diet and hence it is likely that the demand for pole food will increase leaps & bounds in the coming years.
According to a study, the global poke food industry size was $7.8 billion in 2023 and is projected to reach $12.8 billion by the end of 2032.
The global poke food market is anticipated to record a CAGR of nearly 5.66% from 2024 to 2032.
The European poke food industry is set to register the fastest CAGR over the forecasting timeline owing to escalating intake of convenience foods in the European countries such as Italy, Russia, Estonia, Germany, the UK, and France. A surge in the working populace in the continent has translated into huge demand for the product in Europe due to their hectic work schedule leading to intake of convenience diet.
The global poke food market is led by players such as Ahi Pokeand Island Fin Poke Co., Pokeworks, Aloha Poke, Double Seven Hospitality, Island Poke, Western United Fish Co., ECOO Common Food GmbH and Co., Ginger Sushi Boutique Franchise, AnnaSea Foods Group, The Poke Company, Sweet fin Poke, and Freshfin Poke.
The global poke food market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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