Smoked Fish Market was valued at US$ 6.52 Bn. in 2021. The Global market size is estimated to grow at a CAGR of 4 % over the forecast period.
Smoked Fish Market Overview:The report explores the market segments (Product, Application, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the market & drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the market & contemporary competitive scenario. To know about the Research Methodology:-Request Free Sample Report Fish that have been cured in a controlled atmosphere by being exposed to smoke are known as smoked fish. This procedure has been used as a means of preservation for hundreds of years. Because of its very peculiar smoky flavor, smoked fish is relevant in modern culinary preparations. People nowadays prefer refrigeration and freezing as methods of product preservation. The practice of smoking fish has created a specialized market for smoked fish around the world. Salting, cold smoking, cooling, packaging, and storage are the main phases in the preparation of smoked fish. 2021 is considered as a base year to forecast the market from 2022 to 2027. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.
Smoked Fish Market Dynamics:Drivers: Demand for processed seafood is increasing The rising popularity of processed seafood such as smoked salmon, whitefish, haddock, and mackerel, among others, is likely to fuel industry growth shortly. These items are simple to prepare and can be done in a short period. Other factors predicted to contribute considerably to the growth of the global market are rising per capita income, rising numbers of working-class people, and rising demand for ready-to-eat (RTE) packaged seafood products. Market growth is forecasted to be aided by online retailing platforms Companies are now focusing their efforts on promoting their products through online forums. This not only raises product awareness among consumers, but it is also quickly becoming the preferred option for most people. Because of the rapid growth in global digitization, online retailing channels are likely to improve market growth potential shortly. Growing Demand from E-Commerce sector to Aid Market Growth The rise of the e-commerce business benefits numerous other industries by providing retailers with a new distribution channel. Online and e-commerce outlets help the smoked fish sellers' business-to-business (B2B) and business-to-consumer (B2C) operations, giving the industry a new revenue source. For example, Ocean Executive is a B2B marketplace that connects seafood businesses such as fishermen, processors, and wholesalers with grocery shops and huge restaurant chains. The introduction of this channel has had a substantial impact on market growth. Restraints: Retail store profit margins are predicted to be lower, and purchasing expenses are expected to be greater, limiting the growth of the global market. The procedure necessitates continual monitoring and expensive equipment. Due to the low moisture content in the smoker, it's tough to keep the food moist, and it's also difficult to avoid contaminating the meat flavor. Smoked Fish Market Trends: Demand for RTE packaged seafood products is increasing at an unprecedented rate in America, Eastern Europe, APAC, and Africa, thanks to rising disposable income and a growing working-class population. During the forecast period, increased demand for processed seafood would fuel the growth of the market. The growing popularity of online shopping has prompted a number of businesses to investigate the online retail format in order to meet the demands of the Internet-savvy consumer.
Smoked Fish Market Segment Analysis:Based on Type, the market is divided into two categories: hot smoked fish and cold-smoked fish. The market leader is Hot Smoked Fish with 57% of the market share. This is significant because the frying and seasoning of the fish occur during the curing process, saving time and eliminating the need for additional preparation prior to consumption. The fish is fully cooked after being hot smoked over medium heat. Most disease-causing microorganisms are eliminated during this process. Hot smoking requires a temperature of at least 80 degrees Celsius (176 degrees Fahrenheit). When contrasted with cold smoked fish, the final result appears pale and flaky. Raw fish might readily be confused for cold-smoked fish. The temperature employed for this operation is usually between 32 and 37 degrees Celsius or 90 and 97 degrees Fahrenheit, rather than 80 degrees Celsius or 176 degrees Fahrenheit. This low temperature is insufficient to properly cook the fish or destroy any bacteria that could cause sickness. This means that certain at-risk populations should avoid smoked fish altogether.
Smoked Fish Market Regional Insights: The Europe region held the largest market share accounting for XX% in 2021.The Europe region is expected to witness significant growth at a CAGR of 6.1% through the forecast period. During the forecast period, Europe, the Middle East, and Africa are estimated to account for the largest share of the worldwide market. The growing number of convenience stores, supermarkets, and hypermarkets, as well as the discounts offered by various smoked fish product retailers, are predicted to contribute significantly to the worldwide market's growth. The North American market would account for the second-largest share, with revenue mostly coming from the US and Canada. Due to factors such as rising per-capita income, changing lifestyles, and an increase in the number of online and offline businesses, the Asia Pacific Market is expected to develop at a high compounded annual growth rate over the forecast period. The objective of the report is to present a comprehensive analysis of the global Smoked Fish Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Smoked Fish Market dynamic, and structure by analyzing the market segments and projecting the Smoked Fish Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Smoked Fish Market makes the report investor’s guide. Smoked Fish Market Competitive Landscape: Smoked fish is a severely fragmented market. The players use both inorganic and organic techniques to advertise their products and create maximum revenue. Research and development initiatives are also critical for the smoked fish market's overall growth. These actions are carried out by the participants by creating new packaging kinds and preservation processes that keep the fish fresh and enhance its flavor. These reasons all contribute to the smoked fish market's growth. Strategic partnerships are also critical to the smoked fish market's growth. These efforts are undertaken by the companies to increase their position in the smoked fish industry, hence enhancing the market's growth rate. Guyader Gastronomie, Acme Smoked Fish Corp., Maisadour, Thai Union Group PCL, Marine Harvest, High Liner Foods Inc., and Gottfried Friedrichs are among well-established players in the smoked fish sector.
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Smoked Fish Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2027 Historical Data: 2017 to 2021 Market Size in 2021: US $ 6.52 Bn. Forecast Period 2022 to 2027 CAGR: 4% Market Size in 2027: US $ 8.25 Bn. Segments Covered: by Product • Hot Smoked Fish • Cold Smoked Fish by Application • Food Service Sector • Retail Sector • Department Store
Smoked Fish Market by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Smoked Fish Market Key Players:• High Liner Foods • Marine Harvest • Nestle • Kraft Heinz • Dr. Schar • Epermarket • The Hain Celestial Group • Unilever • ConAgra • Leroy Seafood Group • 2 Sisters Food Group • General Mills • Givaudan • Thai Union Group • Empresas AquaChile SA • Acme Smoked Fish Corp. • Foppen • Gottfried Friedrichs • Guyader Gastronomie • Leroy • Maisadour • Tassal Group Ltd. • Thai Union Group PCL Frequently Asked Questions: 1] What is the market size and growth rate of the Global Smoked Fish market as per the forecasting period? Ans. Forecasted market size US$ 31.03 Bn. till 2027, with a CAGR of 4 %. 2] What are the Restraints in the Global Smoked Fish market? Ans. Retail store profit margins are predicted to be lower is the main restraint of the Smoked Fishmarket. 3] Which region is expected to hold the highest share in the Global Smoked Fish Market? Ans. The Europe region is expected to hold the highest share in the Smoked Fish Market. With an accounting revenue share of 69.6% in 2021. 4] Which are the leading key players in the Global Smoked Fish market? Ans. High Liner Foods, Marine Harvest, Nestle, Kraft Heinz, Dr. Schar, Epermarket, The Hain Celestial Group, Unilever, ConAgra, Leroy Seafood Group, 2 Sisters Food Group are some of the leading key players of the smoked fish market. 5] What segments are covered in the Global Smoked Fish Market? Ans. The Smoked Fish market is segmented into Product, Application and region.
1. Global Smoked Fish Market Size: Research Methodology 2. Global Smoked Fish Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Smoked Fish Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Smoked Fish Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Smoked Fish Market Size Segmentation 4.1. Global Smoked Fish Market Size, by Product (2021-2027) • Hot Smoked Fish • Cold Smoked Fish 4.2. Global Smoked Fish Market Size, by Application (2021-2027) • Food Service Sector • Retail Sector • Department Store 5. North America Smoked Fish Market (2021-2027) 5.1. Global Smoked Fish Market Size, by Product (2021-2027) • Hot Smoked Fish • Cold Smoked Fish 5.2. Global Smoked Fish Market Size, by Application (2021-2027) • Food Service Sector • Retail Sector • Department Store 5.3. North America Smoked Fish Market, by Country (2021-2027) • United States • Canada • Mexico 6. European Smoked Fish Market (2021-2027) 6.1. European Smoked Fish Market, by Product(2021-2027) 6.2. European Smoked Fish Market, by Application (2021-2027) 6.3. European Smoked Fish Market, by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Smoked Fish Market (2021-2027) 7.1. Asia Pacific Smoked Fish Market, by Product(2021-2027) 7.2. Asia Pacific Smoked Fish Market, by Application (2021-2027) 7.3. Asia Pacific Smoked Fish Market, by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Smoked Fish Market (2021-2027) 8.1. Middle East and Africa Smoked Fish Market, by Product(2021-2027) 8.2. Middle East and Africa Smoked Fish Market, by Application (2021-2027) 8.3. Middle East and Africa Smoked Fish Market, by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Smoked Fish Market (2021-2027) 9.1. South America Smoked Fish Market, by Product(2021-2027) 9.2. South America Smoked Fish Market, by Application (2021-2027) 9.3. South America Smoked Fish Market, by Country (2021-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. High Liner Foods 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Marine Harvest 10.3. Nestle 10.4. Kraft Heinz 10.5. Dr. Schar 10.6. Epermarket 10.7. The Hain Celestial Group 10.8. Unilever 10.9. ConAgra 10.10. Leroy Seafood Group 10.11. 2 Sisters Food Group 10.12. General Mills 10.13. Givaudan 10.14. Thai Union Group 10.15. Empresas AquaChile SA 10.16. Acme Smoked Fish Corp. 10.17. Foppen 10.18. Gottfried Friedrichs 10.19. Guyader Gastronomie 10.20. Leroy 10.21. Maisadour 10.22. Tassal Group Ltd. 10.23. Thai Union Group PLC