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The global Halibut market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each Halibut market player in a comprehensive way. Further, the Halibut market report emphasizes the adoption pattern of the Halibut across various industries.
Important regions covered in the Halibut market report include:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
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Pacific Halibut vs. Atlantic Halibut – Fluctuating Supply and Price Fatigue Impact the Market Growth
While the total allowable catch (TAC) for Pacific halibut was high in 2016, the catch volumes were observed to be much lower in 2017. Also, following several years of high prices of Pacific halibuts, leading players in the halibut market observe low demand despite the chances of price softening in the upcoming years. Pricing for Pacific halibut is mainly influenced by the increasing availability and strengthening inventories of Atlantic halibut. Also, the International Pacific Halibut Commission could not come to a consensus to set catch limit for halibut, which results in individual countries promulgating catch levels for halibuts themselves. As a result, the halibut market is likely to witness the emerging trend of a marginal drop in prices of Pacific halibut and a rising number of fresh halibut buyers switching their halibut fishery sources.
If the trend of fluctuating prices of Pacific halibut recurs, buyers in the halibut market may shift their demand to Atlantic halibut. Even though the prices of Pacific halibut are declining with the increasing availability of Atlantic halibut, it still is a more expensive fish than Atlantic halibut. Higher catches of Atlantic halibut and relatively higher prices of Pacific halibut is causing a fatigue in the halibut market. In addition, anticipating the reduction in spawning biomass stock, the International Pacific Halibut Commission may reduce the commercial Pacific halibut fishery in the upcoming years.
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The Halibut market report offers a plethora of insights which include:
- Changing consumption pattern among individuals globally.
- Historical and future progress of the global Halibut market.
- Region-wise and country-wise segmentation of the Halibut market to understand the revenue, and growth lookout in these areas.
- Accurate Year-on-Year growth of the global Halibut market.
- Important trends, including proprietary technologies, ecological conservation, and globalization affecting the global Halibut market.
The Halibut market report answers important questions which include:
- Which regulatory authorities have granted approval to the application of Halibut in food industry?
- How will the global Halibut market grow over the forecast period?
- Which end use industry is set to become the leading consumer of Halibut by 2028?
- What manufacturing techniques are involved in the production of the Halibut?
- Which regions are the Halibut market players targeting to channelize their production portfolio?
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The Halibut market report considers the following years to predict the market growth:
- Forecast Year: 2018 – 2028
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