The mackerel market share is expected to increase to USD 374.91 million from 2021 to 2026, at a CAGR of 4.2%.
This mackerel market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers mackerel market segmentations by the following:
- Product - Frozen and processed mackerel and fresh mackerel
- Geography - APAC, Europe, North America, South America, and Middle East and Africa
The mackerel market report also offers information on several market vendors, including Bolton Group Srl, Cornelis Vrolijk, Etosha Fishing Corp., FCF Fishery Co. Ltd., Iceland Foods Ltd., Maruha Nichiro Corp., NOREBO Holding, Phil-am Trading Inc., Premier Fishing and Brands Ltd., Sea Harvest Corp. (Pty) Ltd., and Thai Union Group PCL among others.
What will the Mackerel Market Size be During the Forecast Period?
![Mackerel Market Size](https://www.technavio.com/image/cpss_20220530021140_abstract_template_infogrpahic_v_3.jpg.webp?v4.1.16)
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Mackerel Market: Key Drivers, Trends, and Challenges
The health benefits of mackerel is notably driving the mackerel market growth, although factors such as distribution challenges may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the mackerel industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Mackerel Market Driver
One of the key factors driving the global mackerel industry growth is the health benefits of mackerel owing to increasing health consciousness among people. Mackerel products are attracting attention for the nutritional values of nutrients in them, such as docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA). Some of the health benefits associated with mackerel include the following.
- Promote cardiovascular health
- Increase bone strength
- Improve cognition
- Boost immunity
- Good source of protein
Such benefits will increase the consumption of mackerel, which will drive the growth of the market in focus during the forecast period.
Key Mackerel Market Trend
Growing influence of online retailing is one of the key mackerel market trends that is expected to impact the industry positively in the forecast period. In 2015, e-commerce represented 7.2% of the total retail trade in the US, and it grew by 13.2%% in 2021. Furthermore, of the total retail sales in the UK between 2008 and 2021, online sales increased by 10.8%. E-commerce platforms in China, such as Yiguo.com, TMALL.COM, and Yummy77, allow American seafood suppliers to market their high-end seafood products to tier-2 and tier-3 cities in China. Furthermore, the online and e-commerce channels support B2B and B2C operations. For instance;
- Yorso, a B2B e-commerce platform for fish and seafood in Russia, is improving supply chain and logistics by providing support in the complete business delivery process of seafood, automated document exchange, veterinary certifications of all seafood suppliers, accounting, purchasing, logistics, and automated transactions between large companies in the country.
Key Mackerel Market Challenge
One of the key challenges to the global mackerel industry growth is the distribution challenges such as packaging, logistics issues, and lack of proper handling and processing facilities. Mackerels are usually shipped live by placing them in fiberboard boxes lined with expanded polystyrene. Mackerels can be kept alive, out of the water, in a high-humidity environment for approximately 24 hours. Once the transport time crosses 24 hours, mortality increases significantly, and beyond 48 hours, losses are high. Thus, suppliers must ensure minimal delays between the packing and arrival of the mackerel at destinations. During logistics, mackerels lose weight and begin accumulating nitrogenous waste materials, including ammonia. Also, proper care must be taken not to leave the animals too long without food because they will begin digesting their muscle tissues, resulting in a build-up of waste. Such factors can hinder the growth of the market in focus during the forecast period.
This mackerel market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Who are the Major Mackerel Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Bolton Group Srl
- Cornelis Vrolijk
- Etosha Fishing Corp.
- FCF Fishery Co. Ltd.
- Iceland Foods Ltd.
- Maruha Nichiro Corp.
- NOREBO Holding
- Phil-am Trading Inc.
- Premier Fishing and Brands Ltd.
- Sea Harvest Corp. (Pty) Ltd.
- Thai Union Group PCL
This statistical study of the mackerel market encompasses successful business strategies deployed by the key vendors. The mackerel market is concentrated and the vendors are deploying growth strategies such as focusing on innovation and distribution to compete in the market.
Product Insights and News
- Bolton Group Srl - The company offers mackerel products such as Sardines.
- Bolton Group Srl - Under the unified segment, the company offers various products such as food, household and laundry care, adhesives, personal care and wellbeing products, and beauty care products.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The mackerel market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Mackerel Market?
![Mackerel Market Market segmentation by region](https://www.technavio.com/image/cpss_20220530021141_abstract_template_geographic_v1.jpg.webp?v4.1.16)
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30% of the market's growth will originate from APAC during the forecast period. Japan, China, and Russia are the key markets for mackerels in APAC. Market growth in this region will be faster than the growth of the market in South America.
The rise in popularity of canned and ready-to-eat (RTE) seafood, change in lifestyle and diet patterns, a rise in availability of mackerel products through organized retail channels, and a surge in product launches by major market players will facilitate the mackerel market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic had a negative impact on the regional mackerel market. The governments of countries such as China, India, and Bangladesh imposed nationwide lockdowns and COVID-related restrictions to curb the spread of the disease. As a result, the regional demand for mackerels decreased from restaurants and hotels as they were temporarily closed. Many seafood trade events across the region were canceled in 2020. This led to lost transactions for vendors that depend on these regional events. In H2 2021, due to the availability of vaccines, the number of COVID-19 cases in the region was reduced, and the lockdowns and other restrictions were eased. The regional restaurants and food centers resumed their business operations in H2 2021. As the regional market recovers from the negative impact of COVID-19, the regional demand for mackerels will rebound during the forecast period.
What are the Revenue-generating Product Segments in the Mackerel Market?
![Mackerel Market Segmentation](https://www.technavio.com/image/cpss_20220530021142_abstract_template_market_share_v1.jpg.webp?v4.1.16)
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The mackerel market share growth by the frozen and processed mackerel segment will be significant during the forecast period. With growing urbanization and the hectic lifestyle of consumers, the time available for cooking has been reduced, which has increased the demand for convenience foods. With the growing demand for convenience foods and snacks, the demand for ready-to-eat and processed mackerel is expected to grow faster than that for frozen mackerel during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the mackerel market size and actionable market insights on post COVID-19 impact on each segment.
Parent Market Analysis
Technavio categorizes the global mackerel market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the mackerel market during the forecast period.
Mackerel Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the mackerel market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Mackerel Market Scope
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Report Coverage
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Details
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Page number
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120
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Base year
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2021
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Forecast period
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2022-2026
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Growth momentum & CAGR
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Decelerate at a CAGR of 4.2%
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Market growth 2022-2026
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$ 374.91 million
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Market structure
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Concentrated
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YoY growth (%)
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4.57
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Regional analysis
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APAC, Europe, North America, South America, and Middle East and Africa
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Performing market contribution
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APAC at 30%
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Key consumer countries
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US, Japan, China, UK, Norway, and Russia
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Competitive landscape
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Leading companies, Competitive strategies, Consumer engagement scope
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Key companies profiled
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Bolton Group Srl, Cornelis Vrolijk, Etosha Fishing Corp., FCF Fishery Co. Ltd., Iceland Foods Ltd., Maruha Nichiro Corp., NOREBO Holding, Phil-am Trading Inc., Premier Fishing and Brands Ltd., Sea Harvest Corp. (Pty) Ltd., and Thai Union Group PCL
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Market dynamics
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Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
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Customization purview
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If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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Request for a FREE sample
What are the Key Data Covered in this Mackerel Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive mackerel market growth during the next five years
- Precise estimation of the mackerel market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the mackerel industry across APAC, Europe, North America, South America, and Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of mackerel market vendors
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Frozen and processed mackerel - Market size and forecast 2021-2026
- Exhibit 28: Chart on Frozen and processed mackerel - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Frozen and processed mackerel - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Frozen and processed mackerel - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Frozen and processed mackerel - Year-over-year growth 2021-2026 (%)
- 5.4 Fresh mackerel - Market size and forecast 2021-2026
- Exhibit 32: Chart on Fresh mackerel - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Fresh mackerel - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Fresh mackerel - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Fresh mackerel - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Product
- Exhibit 36: Market opportunity by Product ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 Japan - Market size and forecast 2021-2026
- Exhibit 62: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 UK - Market size and forecast 2021-2026
- Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.11 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.12 Norway - Market size and forecast 2021-2026
- Exhibit 78: Chart on Norway - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Norway - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Norway - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Norway - Year-over-year growth 2021-2026 (%)
- 7.13 Russia - Market size and forecast 2021-2026
- Exhibit 82: Chart on Russia - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Russia - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Russia - Year-over-year growth 2021-2026 (%)
- 7.14 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 Bolton Group Srl
- Exhibit 93: Bolton Group Srl - Overview
- Exhibit 94: Bolton Group Srl - Product / Service
- Exhibit 95: Bolton Group Srl - Key offerings
- 10.4 Cornelis Vrolijk
- Exhibit 96: Cornelis Vrolijk - Overview
- Exhibit 97: Cornelis Vrolijk - Product / Service
- Exhibit 98: Cornelis Vrolijk - Key offerings
- 10.5 Etosha Fishing Corp.
- Exhibit 99: Etosha Fishing Corp. - Overview
- Exhibit 100: Etosha Fishing Corp. - Product / Service
- Exhibit 101: Etosha Fishing Corp. - Key offerings
- 10.6 FCF Fishery Co. Ltd.
- Exhibit 102: FCF Fishery Co. Ltd. - Overview
- Exhibit 103: FCF Fishery Co. Ltd. - Product / Service
- Exhibit 104: FCF Fishery Co. Ltd. - Key offerings
- 10.7 Iceland Foods Ltd.
- Exhibit 105: Iceland Foods Ltd. - Overview
- Exhibit 106: Iceland Foods Ltd. - Product / Service
- Exhibit 107: Iceland Foods Ltd. - Key offerings
- 10.8 Maruha Nichiro Corp.
- Exhibit 108: Maruha Nichiro Corp. - Overview
- Exhibit 109: Maruha Nichiro Corp. - Business segments
- Exhibit 110: Maruha Nichiro Corp. - Key offerings
- Exhibit 111: Maruha Nichiro Corp. - Segment focus
- 10.9 NOREBO Holding
- Exhibit 112: NOREBO Holding - Overview
- Exhibit 113: NOREBO Holding - Product / Service
- Exhibit 114: NOREBO Holding - Key offerings
- 10.10 Phil-am Trading Inc.
- Exhibit 115: Phil-am Trading Inc. - Overview
- Exhibit 116: Phil-am Trading Inc. - Product / Service
- Exhibit 117: Phil-am Trading Inc. - Key offerings
- 10.11 Premier Fishing and Brands Ltd.
- Exhibit 118: Premier Fishing and Brands Ltd. - Overview
- Exhibit 119: Premier Fishing and Brands Ltd. - Product / Service
- Exhibit 120: Premier Fishing and Brands Ltd. - Key offerings
- 10.12 Thai Union Group PCL
- Exhibit 121: Thai Union Group PCL - Overview
- Exhibit 122: Thai Union Group PCL - Business segments
- Exhibit 123: Thai Union Group PCL - Key news
- Exhibit 124: Thai Union Group PCL - Key offerings
- Exhibit 125: Thai Union Group PCL - Segment focus
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 126: Inclusions checklist
- Exhibit 127: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 128: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 129: Research methodology
- Exhibit 130: Validation techniques employed for market sizing
- Exhibit 131: Information sources
- 11.5 List of abbreviations
- Exhibit 132: List of abbreviations
- food allergy among consumers: There is an increase in the number of people suffering from food allergies globally. Food allergy is caused when the immune system reacts to the ingestion of certain foods. Ingredients of packaged foods and meats that can create allergic reactions in some people include (but are not limited to) milk, eggs, fish, crustacean shellfish (e.g., crab, lobster, and shrimp), tree nuts (e.g., almonds, walnuts, and pecan), peanuts, wheat, and soybeans. Even consumption of small amounts of food allergens can trigger signs and symptoms such as digestive problems, hives, and swollen airways. In some people, a food allergy can cause severe symptoms, or even a life-threatening reaction is, known as anaphylaxis. For example, in the US, nearly 3% of the adult population suffers from shellfish allergy.