Press release
Mackerel Market Valued at USD 1,793.90 Million by 2034, Driven by a 4.7% CAGR
Mackerel Market
The mackerel market report by Polaris Market Research offers an in-depth examination of a rapidly evolving sector. The study covers all the key market aspects, including market share, size, trends, and recent developments. In addition, an assessment of the top segments, key regions, and competitive landscape has been provided.
The report analyzes the market to exhibit a CAGR of 4.7% from 2025-2034. The market stood at USD 1,135.98 million in 2024 and is anticipated to reach USD 1,793.90 million by 2034.
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What Is Mackerel?
Mackerel is a common name for various species of fast-swimming, predatory fish. These fish are found in temperate and tropical seas around the world, particularly in the Atlantic and Pacific Oceans. They are known for their sleek, streamlined bodies, forked tails, and striking patterns of vertical stripes on their backs. Mackerel are rich in omega-3 fatty acids, protein, and essential nutrients like vitamin B12 and selenium. The high nutrient content makes them a highly nutritious choice in human diets. They are often consumed fresh, smoked, canned, or grilled. Mackerel are particularly popular in Asian, Mediterranean, and Nordic cuisines.
What's Fueling Market Forward?
• Rising Health Awareness: There has been an increase in consumer awareness about the health benefits of seafood. This is especially true for oily fish like mackerel. The mackerel fish is high in omega-3 polyunsaturated fatty acids, which are known to have a positive effect on brain function, cardiovascular health, and reducing inflammation. The significant number of the global population being deficient in omega-3 fatty acids has led to increased adoption of healthy and nutrient rich food, thereby driving the mackerel market demand.
• Expansion of Retail Channels: The expansion of retail channels, including convenience stores, hypermarkets, and supermarkets, has enhanced the accessibility of mackerel products to a wider consumer base. These channels offer several forms of mackerel, including fresh, canned, frozen, and processed. As such, the cater to diverse consumer preferences and consumer needs.
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Who Are Market Key Players?
The competitive landscape of the market is characterized by the presence of global companies and regional players. The major market participants are focusing on product innovation, such as introducing new flavors and packaging formats, to cater to evolving consumer preferences. A few of the leading market players are:
• Austevoll Seafood ASA
• Bumble Bee Seafoods (FCF Co., Ltd.)
• Chicken of the Sea International (Thai Union Group PCL)
• Connors Bros. Clover Leaf Seafoods Company (Centre Partners)
• Conservas Selectas de Galicia S.L. (Grupo Jealsa Rianxeira)
• Dongwon F&B Co., Ltd. (Dongwon Industries Co., Ltd.)
• Frinsa del Noroeste S.A.
• Hottlet Frozen Foods NV
• Leroy Seafood Group ASA
• Starkist Co. (Dongwon Industries Co., Ltd.)
• Tri Marine International (Bolton Group S.r.l.)
Regional Analysis
Regional analysis provides an examination of the key variables, including social, physical, and economic, in a regional context. It helps companies understand the needs and wants of their customers in target markets. Thus, stakeholders can make informed decisions about their products or service offerings. Also, regional analysis assists businesses in identifying regions with high growth potential and where they should focus their efforts. Furthermore, it can help stakeholders understand local conditions to analyze policy related to global change.
The key regions and sub-regions of the Mackerel Market covered in the research report are:
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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Which Segment Drives Market Demand?
The mackerel market segmentation is primarily based on form and distribution channel.
Based on form, the frozen segment led the global market in 2024, driven by rising consumer preference for fresh-like quality and the versatility offered by frozen fish. Advancements in freezing technologies have enabled better preservation of the texture, taste, and nutritional content of mackerel, making them an appealing alternative to fresh options.
By distribution channel, the online segment is anticipated to register the highest growth rate. This is primarily due to the rising adoption of e-commerce and increasing preference for online grocery shopping. The ability to compare prices and access to a broader brand range further fuels the segment's growth.
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