Smoked Fish Global Market Report 2025

Smoked fish denotes fish that undergo curing and flavor enhancement through smoking over wood chips or sawdust, extending shelf life and imparting a distinctive smoky taste.

Smoked fish comes in various popular types such as smoked salmon, smoked mackerel, smoked herring, smoked trout, and other varieties. Typically crafted from Atlantic or Pacific salmon, smoked salmon is a prized choice, often savored as a delicacy or appetizer in smoked fish markets. The smoking process involves both hot and cold methods, each lending distinct flavors and textures to the fish. These smoked fish varieties find application across multiple sectors including food service, retail, and department stores.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid implementation of U.S. tariffs and the resulting trade tensions in spring 2025 are having a notable impact on the food and beverage sector. Rising costs for imported ingredients such as olive oil, cheese, and tropical fruits are pressuring food manufacturers to either reformulate their products or absorb reduced profit margins. Beverage producers are similarly affected, with tariffs on aluminum cans driving up packaging costs. Meanwhile, retaliatory tariffs on U.S. agricultural exports like soybeans and pork are disrupting farm-to-processor supply chains. In response, companies are adjusting recipes, increasing local sourcing, and using commodity hedging strategies to manage price volatility.

The smoked fish market research report is one of a series of new reports from The Business Research Company that provides smoked fish market statistics, including smoked fish industry global market size, regional shares, competitors with a smoked fish market share, detailed smoked fish market segments, market trends and opportunities, and any further data you may need to thrive in the smoked fish industry. This smoked fish market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The smoked fish market size has grown steadily in recent years. It will grow from $13.6 billion in 2024 to $14.25 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to culinary tradition and heritage, local and regional preferences, health and nutrition trends, innovation in smoking techniques, convenience and ready-to-eat products.

The smoked fish market size is expected to see strong growth in the next few years. It will grow to " $18.03 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to e-commerce and online retail growth, clean label and transparency, climate-smart and sustainable practices, rising seafood snacking trend, celebration of culinary diversity. Major trends in the forecast period include flavor innovation, sustainable sourcing, health and wellness focus, premiumization, clean label products.

The forecast of 6.1% growth over the next five years reflects a slight reduction of 0.1% from the previous estimate for this market.This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US by raising costs for smoked salmon and herring from Scandinavia, impacting gourmet food suppliers.The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The burgeoning demand for processed food is expected to propel the expansion of the smoked fish market in the foreseeable future. Processed food, including smoked fish, has gained popularity among consumers valuing convenience and health benefits, given its extended shelf life. Notably, the United States Department of Agriculture (USDA) reported a surge in the total export of U.S. processed foods, reaching $38 billion in 2022. This upsurge mirrors the increasing demand for processed foods within the United States, indicating a continuous growth trajectory for the smoked fish market fueled by the escalating demand for processed food items.

The burgeoning e-commerce landscape is poised to drive the growth of the smoked fish market. E-commerce, facilitating online buying and selling, has notably expanded the reach of smoked fish products. Bureau of the Census data from November 2023 showcases a 7.6% increase in e-commerce sales, accounting for 15.6% of total retail sales, reaching $1,825.3 billion. Notably, the third quarter of 2023 witnessed a 7.8% rise in e-commerce and a 2.0% increase in total retail sales compared to the previous year. This surge in online retail positively influences the smoked fish market's growth.

Product innovation emerges as a crucial trend in the smoked fish market, with key players focusing on unique offerings to strengthen market presence. Blue Circle, a US-based seafood company, unveiled a Salmon Sausage in April 2022, blending smoked salmon with other ingredients, targeting health-conscious consumers seeking flavorful, gluten-free, and natural alternatives to traditional pork sausage. This innovation underscores Blue Circle's commitment to diversifying and enhancing its product line.

Major players in the smoked fish market are concentrating on innovative offerings, such as boxed snack kits, to deliver dependable services to consumers. These kits, launched by Acme Smoked Fish in December 2023, introduce Sesame Crusted Smoked Yellowfin Tuna and Lox, providing convenience for preparing traditional Jewish holiday-style smoked salmon at home. This strategic initiative from Acme showcases a harmonious blend of tradition and innovation, underscoring the company's commitment to delivering diverse and novel smoked fish products that cater to evolving consumer preferences.

In May 2024, PANOS Brands, LLC, a company based in the United States that specializes in food products, acquired The Santa Barbara Smokehouse Inc. for an undisclosed sum. This acquisition allows PANOS Brands to incorporate The Santa Barbara Smokehouse's premium smoked salmon offerings into its specialty food portfolio, enhance distribution networks, and address the increasing consumer demand for high-quality, protein-rich foods that align with contemporary health trends. The Santa Barbara Smokehouse Inc. is a US-based firm that provides smoked fish products.

Major companies operating in the smoked fish market include Nestle SA, Unilever Plc., Kraft Heinz Company, General Mills Inc., Conagra Foods Inc., Dongwon Industries Co Ltd., 2 Sisters Food Group Ltd., Thai Union Group Ltd., Leroy Seafood Group, Marine Harvest ASA, The Hain Celestial Group Inc., Empresas AquaChile SA, Labeyrie Fine Foods LLC, Multiexport Foods SA, Grieg Seafood ASA, Mogster Group AS, Tassal Group Limited, Icicle Seafoods, Peter Pan Seafoods Inc., Foppen Group BV, Seattle Fish Company, Acme Smoked Fish Corporation, Trans-Ocean Products Inc., Kasilof Seafoods, Gottfried Friedrichs KG, Santa Barbara Smokehouse, Ducktrap, MacKnight Food Group Inc., The Great Fish Co, Vera Foods International, Cameron's Seafood, Gerard & Dominique Seafoods, Charlie's Smokehouse, Cawoods Smoked Salmon Ltd., Fortune Fish & Gourmet, Oregon Seafoods LLC, Coastal Seafoods, Frank's Smokehouse, Global Food Group, Atlantic Aqua Farms Ltd., Fishery Products International, Ocean Beauty Seafoods Inc., Seabear Smokehouse, Honey Smoked Fish Company

Europe was the largest region in the smoked fish market in 2024. The regions covered in the smoked fish market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the smoked fish market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The smoked fish market consists of sales of different types of whole fish and fillets. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Smoked Fish Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on smoked fish market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for smoked fish ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The smoked fish market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Product Type: Smoked Salmon; Smoked Mackerel; Smoked Herring; Smoked Trout; Other Smoked Fishes
• 2) By Method: Hot Smoked Fish; Cold Smoked Fish
• 3) By Application: Food Service Sector; Retail Sector; Department Store
• Subsegments:
• 1) By Smoked Salmon: Cold-Smoked Salmon; Hot-Smoked Salmon
• 2) By Smoked Mackerel: Whole Smoked Mackerel; Filleted Smoked Mackerel
• 3) By Smoked Herring: Whole Smoked Herring; Pickled Smoked Herring
• 4) By Smoked Trout: Whole Smoked Trout; Filleted Smoked Trout
• 5) By Other Smoked Fishes: Smoked Cod; Smoked Eel; Smoked Sardines
• Companies Mentioned: Nestle SA; Unilever Plc.; Kraft Heinz Company; General Mills Inc.; Conagra Foods Inc.; Dongwon Industries Co Ltd.; 2 Sisters Food Group Ltd.; Thai Union Group Ltd.; Leroy Seafood Group; Marine Harvest ASA; The Hain Celestial Group Inc.; Empresas AquaChile SA; Labeyrie Fine Foods LLC; Multiexport Foods SA; Grieg Seafood ASA; Mogster Group AS; Tassal Group Limited; Icicle Seafoods; Peter Pan Seafoods Inc.; Foppen Group BV; Seattle Fish Company; Acme Smoked Fish Corporation; Trans-Ocean Products Inc.; Kasilof Seafoods; Gottfried Friedrichs KG; Santa Barbara Smokehouse; Ducktrap; MacKnight Food Group Inc.; The Great Fish Co; Vera Foods International; Cameron's Seafood; Gerard & Dominique Seafoods; Charlie's Smokehouse; Cawoods Smoked Salmon Ltd.; Fortune Fish & Gourmet; Oregon Seafoods LLC; Coastal Seafoods; Frank's Smokehouse; Global Food Group; Atlantic Aqua Farms Ltd.; Fishery Products International; Ocean Beauty Seafoods Inc.; Seabear Smokehouse; Honey Smoked Fish Company
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Italy; Spain; Canada
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.