Global Mackerel Market Size study & Forecast, by Form (Frozen, Canned), by Distribution Channel (Hypermarkets And Supermarkets, Convenience Store, Online) and Regional Analysis, 2022-2029

Global Mackerel Market Size study & Forecast, by Form (Frozen, Canned), by Distribution Channel (Hypermarkets And Supermarkets, Convenience Store, Online) and Regional Analysis, 2022-2029

Global Mackerel Market is valued at approximately USD 996.1 million in 2021 and is anticipated to grow with a healthy growth rate of more than 4.70% over the forecast period 2022-2029. The mackerel is used to refer to a variety of pelagic fish species, primarily those in the Scombridae family. They are common in both temperate and tropical waters, primarily inhabiting the coastal or offshore regions of the ocean. The major driving factors for the market are rising production of mackerels and consumption rises as a result of a growing population's preference for protein-rich, healthy meals, which are anticipated to fuel market expansion throughout the course of the forecast period.

According to Statista, the production volume of mackerels is increasing in Japan, in 2020, 390,000 mackerels were produced which has increased to 434,000 in 2021. Along with this, according to the same source mackerel sold in the United Kingdom has also increased over the years. For instance, in 2017, USD 129280.04 which has increased to USD 152750.62 in 2022. Moreover, the rising initiatives by the key market players are creating lucrative growth opportunities for the market over the forecast period. However, the high cost of Mackerel stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Mackerel Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Due to the region's dominance in fish collection and aquaculture, Asia Pacific will hold the largest industry share in 2021. The market for mackerel has grown more popular in emerging nations as a result of the fish's numerous health advantages at a reasonable price. Additionally, this region's expansive coastal areas and growing population support fish farming and fishing. These elements will likely cause the market in this area to expand during the following few years. During the forecast period, Europe is anticipated to grow at the fastest CAGR. The significant production and consumption of mackerel in the area are credited with driving the region's development. Consumers in the area who live busy lives are also consuming frozen mackerel in record numbers. Because frozen mackerel is simple to prepare and nutritious, its consumption is rising, which is boosting the local market.

Major market players included in this report are:
Ocean Treasure
Kihada Fisheries Co., Ltd
Seven Star Ocean Fisheries Limited
Pinetree Vietnam Company Limited
Subo International Holland
Oman Fisheries Co.S.A.O.G
Longsheng Aquatic Products Co., Ltd
Lotana LV LTD
Daisui Co., Ltd
Sarma Fish S.A.R.L

Recent Developments in the Market:
Even though the company was experiencing financial difficulties due to frozen bank accounts, the government granted Fishcor, a Namibian corporation, an 80,000 tonne quota for horse mackerel in February 2021.
Reduced limits for designated species were a major factor in the December 2020 announcement of a 73% decline in overall income by Cornelis Vrojolik's U.K. subsidiary North Atlantic Holdings.
A joint venture agreement for the catching, processing and sale of yearly catch quotas was agreed to by the horse mackerel fishing firm Seaflower Pelagic Processing (SPP) in January 2021.

Global Mackerel Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Form, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Form offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Form:
Frozen
Canned

By Distribution Channel:
Hypermarkets And Supermarkets
Convenience Store
Online

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned
Ocean Treasure
Kihada Fisheries Co., Ltd
Seven Star Ocean Fisheries Limited
Pinetree Vietnam Company Limited
Subo International Holland
Oman Fisheries Co.S.A.O.G
Longsheng Aquatic Products Co., Ltd
Lotana LV LTD
Daisui Co., Ltd
Sarma Fish S.A.R.L

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