PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1791714
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1791714
Global Mackerel Market to Reach US$1.6 Billion by 2030
The global market for Mackerel estimated at US$1.2 Billion in the year 2024, is expected to reach US$1.6 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2024-2030. Frozen Form, one of the segments analyzed in the report, is expected to record a 5.5% CAGR and reach US$1.1 Billion by the end of the analysis period. Growth in the Canned Form segment is estimated at 3.1% CAGR over the analysis period.
The U.S. Market is Estimated at US$324.5 Million While China is Forecast to Grow at 4.6% CAGR
The Mackerel market in the U.S. is estimated at US$324.5 Million in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$262.3 Million by the year 2030 trailing a CAGR of 4.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.5% and 4.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.
Global Mackerel Market - Key Trends & Drivers Summarized
Why Is Mackerel Gaining Popularity?
Mackerel is a highly nutritious and affordable seafood option, known for its high omega-3 content, rich flavor, and sustainability compared to overfished species like tuna. As consumers become more health-conscious, the demand for nutrient-rich seafood has been rising, driving market growth for mackerel in both fresh and processed forms. Additionally, mackerel’s relatively lower cost compared to other seafood varieties makes it a popular choice in both developed and emerging markets.
With increasing global seafood consumption, mackerel is playing an important role in meeting dietary protein needs while promoting sustainable fishing practices. The growing trend of incorporating fish into heart-healthy and protein-rich diets has further boosted its market appeal.
How Are Innovations Enhancing the Mackerel Market?
The mackerel industry is benefiting from advancements in sustainable fishing, improved cold chain logistics, and innovative processing techniques. Sustainable aquaculture practices and eco-friendly fishing technologies are ensuring a steady supply of mackerel while minimizing environmental impact. Advanced freezing and vacuum-packing techniques are preserving the freshness of mackerel for export markets, enabling longer shelf life without the use of excessive preservatives.
Additionally, the rise of ready-to-eat seafood products has led to an increase in demand for pre-cooked, canned, and marinated mackerel, catering to convenience-seeking consumers. Innovations in packaging, such as recyclable cans and biodegradable vacuum-sealed pouches, are also contributing to eco-conscious consumer preferences.
What Are the Key Market Drivers?
The rising demand for sustainable seafood, increasing awareness of omega-3 health benefits, and the expansion of international seafood trade are key market drivers. Growing consumer interest in functional foods and high-protein diets has also propelled mackerel’s popularity. The increasing availability of value-added mackerel products in supermarkets and e-commerce platforms is further expanding its market reach.
What Challenges and Future Opportunities Exist?
Challenges include seasonal availability, price fluctuations, and concerns over mercury levels in seafood. However, opportunities lie in expanding sustainable aquaculture, increasing product diversification, and leveraging digital marketing for direct-to-consumer seafood sales. The continued promotion of mackerel as a health-boosting and sustainable seafood option will drive future market growth.
SCOPE OF STUDY:
The report analyzes the Mackerel market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Form (Frozen Form, Canned Form); Distribution Channel (Supermarkets / Hypermarkets, Convenience Stores, Online Distribution Channel, Other Distribution Channels)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Select Competitors (Total 41 Featured) -
AI INTEGRATIONS
We're transforming market and competitive intelligence with validated expert content and AI tools.
Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.
TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.