Whale Meat Market Size, Share, Trends, Growth 2032

Whale Meat Industry Prospective:

The global whale meat market size was evaluated at $387 billion in 2023 and is slated to hit $548 billion by the end of 2032 with a CAGR of nearly 4.45% between 2024 and 2032.

Request Free Sample

Whale Meat Market: Overview

Whale meat is a conventional source of food in many cultures and is most popular among people in the sub-Arctic and Arctic regions. It possesses high nutritive value and contains vitamins, minerals, and proteins.

Key Insights

• As per the analysis shared by our research analyst, the global whale meat market is projected to expand annually at the annual growth rate of around 4.45% over the forecast timespan (2024-2032)
• In terms of revenue, the global whale meat market size was evaluated at nearly $387 billion in 2023 and is expected to reach $548 billion by 2032.
• The global whale meat market is anticipated to grow rapidly over the forecast timeline owing to the escalating demand for fresh foods and the use of new preservation systems in ensuring the safety & quality of whale meat products.
• In terms of whale species, the minke whale segment is slated to register the highest CAGR over the forecast period.
• Based on product type, the fresh whale meat segment is predicted to contribute majorly towards global industry surge in the ensuing years.
• On the basis of distribution channel, the supermarkets segment is likely to maintain segmental domination in the forthcoming years.
• Region-wise, the North American whale meat industry is projected to register the fastest CAGR during the assessment timespan.

Whale Meat Market: Growth Factors

Large-scale intake of fresh diet and preserving of meat products can scale up the global market expansion by 2032

Escalating demand for fresh foods and the use of new preservation systems in ensuring the safety & quality of whale meat products are expected to boost the global whale meat market expansion. Furthermore, cultural traditions of whale meat consumption in countries such as Iceland, Japan, and Norway will proliferate the market size globally.

Surging economic benefits such as income derived from the sale of whale meat products such as oil, meat, and blubber will drive the global market trends. In addition, Growing intake of high-quality and minimally processed food products will embellish the expansion of the global market.      

Whale Meat Market: Restraints

A rise in the restrictions over whale hunting across the globe can retard the global industry surge by 2032

Growing awareness about marine mammal conservation, along with shifting customer preference towards plant-based diets, has restricted the expansion of the global whale meat industry. Furthermore, legal restrictions in several European countries banning hunting, sale, import, and intake of whale meat products can hamper the global industry surge.

Whale Meat Market: Opportunities

Thriving tourist activities globally to open new growth avenues for the market globally over forecast period

Flourishing tourism sector and scientific research will proliferate the growth of the global whale meat market. Moreover, swiftly expanding distribution channels and technological breakthroughs are likely to embellish the growth of the market globally. Improvement in supply chain logistics to improve product freshness will generate new vistas of growth for the global market.

Whale Meat Market: Challenges

Health hazards related to intake of whale meat can obstruct the global industry in coming eight years

Health risks and allergies related to whale meat intake can challenge the growth of the whale meat industry across the globe. High product costs can also deter the expansion of the industry globally. Geopolitical tensions occurring in the trade relations between countries aiding whale meat sale are likely to obstruct the growth of the industry globally.

Whale Meat Market: Report Scope

Whale Meat Market: Segmentation

The global whale meat market is divided into whale species, product type, distribution channel, and region.                  

In terms of whale species, the whale meat market across the globe is segmented into minke whale, sei whale, and fin whale segments. Apparently, the minke whale segment, which garnered nearly half of the global market earnings in 2023, is projected to record the fastest CAGR in the next couple of years, subject to the abundant population of minke whales and the high meat quality of these whales.

Based on product type, the global whale meat industry is sectored into dried whale meat, fresh whale meat, canned whale meat, and frozen whale meat segments. Furthermore, the fresh whale meat segment, which dominated the global industry share in 2023, is set to contribute notably towards the global industry progress over 2024-2032, and this can be due to superior meat taste and freshness in comparison to dry, canned, and frozen meat. 

On the basis of distribution channel, the global whale meat market is segregated into online retail, conventional regions, and supermarkets segments. Moreover, the conventional regions segment, which led the segmental growth in 2023, is likely to retain its segmental dominance in the forecasting years as a result of conventional regions offering direct product access to customers as well as erecting a strong platform for local fishermen & fisherwomen in selling their fishes.

Whale Meat Market: Regional Insights

Asia-Pacific is likely to maintain leading position in the global market over the assessment timeframe

Asia-Pacific, which accounted for about 45% of the global whale meat market size in 2023, is expected to establish a stronghold in the global market during the forecasting years. Additionally, the regional market elevation in the coming few years can be due to a prominent increase in the intake of whale meat in countries such as South Korea and Japan. Apart from this, the presence of key players in the region will push the growth of the market in the region.

The North American whale meat industry is anticipated to register the highest CAGR in the expected timeframe. The rapid progression of the industry in North America can be credited to rising customer preference for conventional diets along with the easy availability of whale meat in packaged forms in supermarket stores in the countries such as Canada and the U.S.

Whale Meat Market: Competitive Space

The global whale meat market profiles key players such as:

• Thai Union Group
• Trident Seafoods Corporation
• High Liner Foods
• Kyodo Senpaku Co. Ltd.
• Nippon Suisan Kaisha Ltd.
• Toyo Suisan Kaisha Ltd.
• Aquachile
• Nippon Suisan Kaisha Ltd.
• Maruha Nichiro Corporation
• Clearwater Seafoods
• Kyokuyo Co. Ltd.

The global whale meat market is segmented as follows:

By Whale Species

• Minke Whale
• Sei Whale
• Fin Whale

 By Product Type

• Dried Whale Meat
• Fresh Whale Meat
• Canned Whale Meat
• Frozen Whale Meat

By Distribution Channel 

• Online Retail
• Conventional Regions
• Supermarkets

By Region

• North America

  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa