Mackerel Market Size Worth $ 1,571.58 Million By 2032 | CAGR: 4.3%

Mackerel Market Size Worth $ 1,571.58 Million By 2032 | CAGR: 4.3%


The global mackerel market size is expected to reach USD 1,571.58 million by 2032, according to a new study by Polaris Market Research. The report “Mackerel Market Share, Size, Trends, Industry Analysis Report, By Form (Frozen and Canned); By Distribution Channel; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Continuously escalating number of health-conscious population globally and their rising awareness towards the benefits of fish consumption in terms of bone strength, improving the cognition and heart health, and boost immunity along with the significant emergence of canning and refrigeration preservation methods, has been fostering the demand and market growth. In addition, the growing focus of major seafood companies towards the development of their product offerings and expansion of production capabilities with the growing investments in R&D and implementing on advanced technologies, is likely to contribute positively for the market growth.

For instance, in May 2022, a Chilean seafood named Pesquera Camanchaca, announced the opening of a new USD 30 million plant in the Chile. The new facility will produce frozen mackerel and would be capable of processing 650 MT of fish/day, and has seven freezing tunnels.

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The rising prevalence for incorporating various innovative processing techniques such as high-pressure processing and nitrogen freezing, mainly to improve the quality and shelf life of mackerel products and abilities of these techniques help to preserve the texture, flavor, and nutritional value of mackerel products has been creative lucrative revenue opportunities for the key market players.

Apart from this, several major companies are also focusing on developing value-added products like smoked or canned mackerel, in order to meet changing consumer demands and consumption patterns globally. Government worldwide are supporting the mackerel industry, with funding for research and development or incentives for sustainable fishing practices, which could also create opportunities for growth and development in the industry in the near future.

The growing digitalization trend of the mackerel industry worldwide with the rapid use of technologies such as blockchain, artificial intelligence, and the Internet of Things to improve efficiency in the supply chain and enhance transparency and traceability as well as to streamline operations and ensure the quality and safety of mackerel products, which is likely to propel the market in a significant manner over the years.

Mackerel Market Report Highlights

  • Frozen segment accounted for largest market share in 2022, on account of its several beneficial properties including boost product shelf life and reduce various microbiological activities
  • Online distribution channel segment is expected to grow at a healthy CAGR over the study period, mainly due to increased number of online shoppers globally and growing internet penetration among young population
  • Asia Pacific region dominated the global market with largest share in 2022, owing to surge in the consumer preference for mackerel products due to several health benefits associated with the product consumption
  • The global key market players include Ocean Treasure Worlds Food, Thai Union Group, Subo International, General Conserve, Sarma Fish, Viet Ocean Seafood, and Siam Canadian Foods

Polaris Market Research has segmented the mackerel market report based on form, distribution channel, and region:

Mackerel, Form Outlook (Revenue - USD Million, 2019 - 2032)

  • Frozen
  • Canned

Mackerel, Distribution Channel Outlook (Revenue - USD Million, 2019 - 2032)

  • Hypermarkets and Supermarkets
  • Convenience Store
  • Online
  • Others

Mackerel, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Mackerel Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 1,072.21 million

Revenue forecast in 2032

USD 1,571.58 million

CAGR

4.3% from 2023 – 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD million/billion and CAGR from 2023 to 2032

Segments covered

By Form, By Distribution Channel, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

Thai Union Group Public Company Ltd., Siam Canadian Foods Co. Ltd., Ocean Treasure World Foods Limited, Pinetree Vietnam Company, Subo International Holland, Viet Ocean Seafood Vietnam, Ocean More Foods Co. Ltd., Euclid Fish Company, John Nagle Co., Auckland Fish Market, Toyota Tsusho Foods, Sinopesca Group, General Conserve SpA, Lotana LV Ltd., Sarma Fish Sarl, and Seven Star Ocean Fisheries Limited.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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