Press release
Mackerel Market Anticipated to Hit $1,571.58 Million by 2032, Advancing at a CAGR of 4.3%
The mattress market in 2023 was estimated to be worth USD 43.85 billion. The market is expected to expand at a CAGR of 6.4% from 2024 to 2032, growing from USD 46.56 billion in 2024 to USD 76.31 billion by 2032.
Market Overview
A mattress is a big, generally rectangular cushion made to support someone who is lying down, particularly for sleeping, and it is normally positioned on a bed frame or base. It comes in various types and firmness levels, filled with materials like springs, foam, or natural fibers to provide comfort and support. Different types of mattresses include memory foam, innerspring, hybrid, and latex. A comfortable and supportive mattress is crucial for achieving restful sleep, leading to better overall health and well-being. Some mattress types, like memory foam, can provide pressure relief and improve circulation, which can be beneficial for people with certain health conditions. A high-quality mattress can last for years, offering excellent value for money.
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Growth Drivers
• The increasing demand for the product from the real estate industry, primarily to satisfy the expanding requirements of the residential sector, is propelling the market.
• The significant rise of e-commerce platforms has resulted in higher demand and acceptance of mattresses, pillowcases, and bed linen products, which is contributing to market growth.
• The rising prevalence of lifestyle inflation, particularly among younger generations, is driving the expansion of the mattress market.
• Increasing spending on wellness and comfort due to higher incomes in developing countries is driving market growth.
Competitive Market Landscape
• 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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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
Regional Summary
• In 2022, Asia Pacific held the largest share of the mattress market, driven by rapid growth in the textile industry alongside a significant consumer population in the region.
• North America is anticipated to experience significant growth during the forecast period, driven by increased consumer spending on wellness and heightened awareness of mattress availability and benefits.
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
Segmental Analysis
• The mattress market is segmented primarily based on type, end-use, size, distribution channel, and region.
• By size, the king-size mattress segment is projected to achieve the highest CAGR, mainly due to its growing popularity among households with children.
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
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