The Smoked Fish Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Smoked Fish Global Market Report 2024, The smoked fish market size has grown strongly in recent years. It will grow from $12.9 billion in 2023 to $13.6 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. 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 $16.98 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. 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 increasing demand for processed food is expected to propel the growth of the smoked fish market going forward. Processed food refers to any food item that has undergone some form of processing or manipulation before it is consumed. Smoked fish has become a popular processed food option among consumers who value convenience and health as it possesses longer shelf life. For instance, according to the United Nations agency, United States Department of Agriculture (USDA), the total export of U.S. processed foods in 2022 was $38 billion. This represents an increase from previous years, as the demand for processed foods has been steadily growing in the United States. Therefore, increasing demand for processed food will fuel the smoked fish market’s growth.
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The smoked fish market covered in this report is segmented –
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
Major companies operating in the smoked fish market are focusing on developing innovative products, such as box snack kits to provide reliable services to customers. A box snack kit is a pre-packaged assortment of snacks, typically contained in a cardboard or plastic box. For instance, in December 2023, Acme Smoked Fish, a US-based family-owned company that produces and distributes smoked and pickled fish products, launched Sesame Crusted Smoked Yellowfin Tuna and Lox in a Box Snack Kits. These products provide convenience in preparing traditional Jewish holiday-style smoked salmon at home. The significance of these launches lies in Acme’s commitment to innovation, showcasing its ability to blend tradition with an innovative spirit, positioning the company as a leader in providing diversified and novel smoked fish products, meeting the evolving needs of consumers in the smoked fish market.
The smoked fish market report table of contents includes:
- Executive Summary
- Smoked Fish Market Characteristics
- Smoked Fish Market Trends And Strategies
- Smoked Fish Market – Macro Economic Scenario
- Global Smoked Fish Market Size and Growth
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- Global Smoked Fish Market Competitive Benchmarking
- Global Smoked Fish Market Competitive Dashboard
- Key Mergers And Acquisitions In Smoked Fish Market
- Smoked Fish Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Nestle SA
- Unilever Plc.
- Kraft Heinz Company
- General Mills Inc.
- Conagra Foods Inc
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