Smoked Fish Market Analysis 2021-2025: 56% of Market Growth will Develop in Europe
The smoked fish market share is set to grow up to USD 4.51 billion, accelerating at a CAGR of 4.9% during the forecast period. The rising demand for processed seafood will offer immense growth opportunities to market vendors. In addition, online retailing is one of the major smoked fish market trends that positively impact market growth. However, distribution challenges will be a major obstacle for the market vendors.
Technavio's research report analyses the growth trajectory of the market with a purview of the prevalent market scenarios, trends, and drivers. It also provides competitive bench-marking of the key market players and their product portfolios. Unlock Free Sample Analysis Report
Smoked Fish Market: Europe to lead market growth during the forecast period
- The smoked fish market is segmented by product (smoked salmon, smoked mackerel, smoked herring, smoked trout, and others), type (hot smoked fish and cold smoked fish), and geography (Europe, North America, APAC, MEA, and South America).
- The smoked fish market growth in the smoked salmon segment will be significant during the forecast period.
- Factors such as the increasing number of convenience stores, supermarkets, hypermarkets, and discount stores offering smoked fish products will drive the smoked fish market growth in Europe.
- 56% of the market's growth will originate from Europe during the forecast period. Germany, France, the UK, and Italy are the key markets for the smoked fish market in Europe.
- A detailed analysis of each segment and its contribution to the market share is provided along with factors that are likely to boost the market growth.
Smoked Fish Market: Competitive Landscape
The market is fragmented due to the presence of several players. Acme Smoked Fish Corp., Foppen, Gottfried Friedrichs, Guyader Gastronomie, High Liner Foods Inc., Leroy, Maisadour, Marine Harvest, Tassal Group Ltd., and Thai Union Group PCL are some of the major smoked fish market vendors. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Download the Free PDF Sample Report
The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerating at a CAGR of 4.9%.
- What is the incremental growth of the market?
The market is expected to grow by USD 4.51 billion.
- What is a key factor driving this market?
Rising demand for processed seafood will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
Europe, North America, APAC, MEA, and South America are the key regions featured in this research report.
- Which is the leading geographic region for this market?
56% growth will originate from Europe.
- Who are the leading market vendors?
The leading vendors in this market are Acme Smoked Fish Corp., Foppen, Gottfried Friedrichs, Guyader Gastronomie, High Liner Foods Inc., Leroy, Maisadour, Marine Harvest, Tassal Group Ltd., and Thai Union Group PCL.
- What are the market segments covered in this report?
The market is segmented by Product (Smoked salmon, Smoked mackerel, Smoked herring, Smoked trout, and Others), Type (Hot smoked fish and Cold smoked fish), and Geography (Europe, North America, APAC, MEA, and South America).
