Mackerel Market Trends, Share, Growth Rate and Forecast 2024-2032

Mackerel Market 2024 to 2032 (USD 1,486.8 Million

IMARC Group’s report titled ”  by Form (Frozen, Canned), Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Online, and Others), and Region 2024-2032 “, The global mackerel market size reached US$ 1,071.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,486.8 Million by 2032, exhibiting a growth rate (CAGR) of 3.71% during 2024-2032.

Mackerel Market 2024 to 2032 (USD 1,486.8 Million

 

For an in-depth analysis, you can refer sample copy of the report:  https://www.imarcgroup.com/mackerel-market/requestsample

Factors Affecting the Growth of the Mackerel Industry:

  • Rising Consumer Awareness of Health Benefits:

Mackerel is increasingly recognized for its nutritional benefits, including high levels of omega-3 fatty acids, protein, and essential vitamins like D and B12. This growing awareness, fueled by a global shift towards healthier eating, is driving the demand for mackerel. Consumers are more informed about the benefits of omega-3s in reducing heart disease, improving brain function, and supporting overall wellness. This shift is particularly noticeable in developed markets where dietary supplements and functional foods are on the rise. Mackerel, as a natural source of these nutrients, is seen as a healthier and more sustainable option compared to red meat and processed foods, leading to increased consumption.

  • Expansion of Sustainable Fishing Practices:

Sustainability is becoming a critical factor in the seafood industry, with both consumers and governments pushing for responsible fishing practices. The mackerel market benefits from this trend as many mackerel fisheries have adopted sustainable practices, such as quota systems and reduced by catch. Certifications from organizations are enhancing the marketability of sustainably sourced mackerel, particularly in regions where consumers are willing to pay a premium for eco-friendly products. This trend not only supports the health of marine ecosystems but also ensures long-term availability, thereby stabilizing supply.

  • Growth in Global Aquaculture:

The increasing investment in aquaculture is supporting the market growth. As wild fish stocks become strained, aquaculture offers a sustainable solution to meet the rising demand for seafood. Mackerel is particularly well-suited to aquaculture due to its fast growth rate and adaptability to different farming conditions. This growth in aquaculture is especially prominent in Asia, where countries like China, Japan, and South Korea are expanding their aquaculture operations. The ability to produce mackerel on a large scale through aquaculture not only meets demand but also provides a more consistent supply, helping to stabilize prices and make mackerel more accessible to a broader range of consumers globally.

Leading Companies Operating in the Global Mackerel Industry: 

  • Bolton Group Sr
  • Bumble Bee Foods LLC (FCF Co Ltd)
  • Cornelis Vrolijk BV
  • Etosha Fishing Corp. (Oceana Namibia)
  • Iceland Foods Ltd., Killybegs Seafood
  • Ocean More Foods Co. Limited
  • Ocean Treasure World Foods Limited
  • Pinetree Vietnam Company Limited
  • Sea Harvest Group
  • Thai Union Group Public Company Ltd
  • Viet Ocean Seafood Vietnam

Mackerel Market Report Segmentation:

By Form:

  • Frozen
  • Canned

Frozen exhibits a clear dominance in the market due to its longer shelf life and widespread availability, making it a preferred option for both consumers and retailers.

By Distribution Channel:

  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Online
  • Others

Hypermarkets and supermarkets represent the largest segment, as they offer a convenient one-stop shopping experience and ensure consistent availability of mackerel products to a broad consumer base.

Regional Insights:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Asia Pacific dominates the market owing to the high consumption levels in countries, coupled with strong aquaculture and fishing industries in the region.

Global Mackerel Market Trends:

Technological advancements in the processing and preservation of mackerel are bolstering the market growth. Innovations in freezing, canning, and packaging technologies are extending the shelf life of mackerel, enabling it to be transported to distant markets without compromising quality. These advancements are particularly crucial for exporting mackerel to regions where fresh fish is less accessible. Improved processing techniques are also allowing for the development of various mackerel-based products, such as fillets, canned mackerel, and ready-to-eat meals, which cater to the convenience-driven preferences of modern consumers. This diversification of product offerings is expanding the market reach.

Supportive government policies and favorable trade agreements are contributing to the market growth. In many countries, governments are investing in the seafood industry to promote exports and enhance food security.

 

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most changemakers to create a lasting ambitious impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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Mackerel Market Trends, Share, Growth Rate and Forecast 2024-2032ultima modifica: 2024-09-04T07:27:28+02:00da yuvi1

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