Global Mackerel Market

Mackerel Market Size, Share, Growth Analysis, By Form(Frozen and Canned), By Distribution Channel(Supermarkets/Hypermarkets, Convenience Stores) - Industry Forecast 2024-2031

Report ID: SQMIG30I2307 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 61 | Figures: 75

Mackerel Market Dynamics

Mackerel Market Drivers

Growing Demand from Food Industry

  • The food industry is a major consumer of mackerel, which is used in the preparation of various dishes, including sushi, canned fish, and fish oil. The increasing demand for processed fish products is expected to drive the growth of the mackerel market.

Mackerel Market Restraints

Competition from Other Fish Species

  • The mackerel market faces stiff competition from other fish species, such as salmon and tuna, which also offer similar health benefits. This may limit the growth of the mackerel market, particularly in regions where these fish species are more popular.
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Mackerel Market size was valued at USD 1042.92 million in 2022 and is poised to grow from USD 1086.72 million in 2023 to USD 1510.29 million by 2031, growing at a CAGR of 4.20% during the forecast period (2024-2031).

The mackerel market is highly competitive in nature, with numerous players operating in the industry. These companies are involved in various activities such as fishing, processing, packaging, and distribution of mackerel products. They are continuously investing in research and development to introduce new products, and are expanding their distribution networks to reach new markets. 'Nippon Suisan Kaisha, Ltd.', 'Pacific Andes International Holdings Limited', 'Pesquera Exalmar S.A.A.', 'Maruha Nichiro Corporation', 'Trident Seafoods Corporation', 'Dongwon Industries Co., Ltd.', 'Austevoll Seafood ASA', 'Pescanova SA', 'Thai Union Group Public Company Limited', 'Lerøy Seafood Group ASA', 'Marubeni Corporation', 'Sanford Limited', 'Friosur S.A.', 'Pelagia AS', 'Cooke Inc.', 'Bumble Bee Foods, LLC', 'Empresas AquaChile S.A.', 'Royal Greenland A/S', 'Amalgamated Fishing Co. Ltd.', 'HAVFISK ASA'

The food industry is a major consumer of mackerel, which is used in the preparation of various dishes, including sushi, canned fish, and fish oil. The increasing demand for processed fish products is expected to drive the growth of the mackerel market.

Growing demand for sustainable and traceable seafood: Consumers are increasingly concerned about the sustainability and traceability of the seafood they consume. As a result, there is a growing demand for mackerel products that are sustainably caught, certified by credible organizations like Marine Stewardship Council (MSC), and can be traced back to their source.

Asia Pacific held the largest industry share of more than 65% in 2022 since it accounts for the majority of fish harvesting and aquaculture. The popularity of mackerel has increased in developing countries due to its numerous health benefits at low costs. Additionally, the region's expansive coastline regions and expanding population support fish cultivation and fishing. These factors may contribute to an expansion of the market in this area during the coming few years.

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Global Mackerel Market

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