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Global Mackerel Market to reach USD 1438.39 million by the end of 2029.

Global Mackerel Market Size study & Forecast, by Form (Frozen, Canned), by Distribution Channel (Hypermarkets And Supermarkets, Convenience Store, Online) and Regional Analysis, 2022-2029

Product Code: OIRFB-29546562
Publish Date: 17-04-2023
Page: 200

Global Mackerel Market is valued at approximately USD 996.1 million in 2021 and is anticipated to grow with a healthy growth rate of more than 4.70% over the forecast period 2022-2029. The mackerel is used to refer to a variety of pelagic fish species, primarily those in the Scombridae family. They are common in both temperate and tropical waters, primarily inhabiting the coastal or offshore regions of the ocean. The major driving factors for the market are rising production of mackerels and consumption rises as a result of a growing population’s preference for protein-rich, healthy meals, which are anticipated to fuel market expansion throughout the course of the forecast period.

According to Statista, the production volume of mackerels is increasing in Japan, in 2020, 390,000 mackerels were produced which has increased to 434,000 in 2021. Along with this, according to the same source mackerel sold in the United Kingdom has also increased over the years. For instance, in 2017, USD 129280.04 which has increased to USD 152750.62 in 2022. Moreover, the rising initiatives by the key market players are creating lucrative growth opportunities for the market over the forecast period. However, the high cost of Mackerel stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Mackerel Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Due to the region’s dominance in fish collection and aquaculture, Asia Pacific will hold the largest industry share in 2021. The market for mackerel has grown more popular in emerging nations as a result of the fish’s numerous health advantages at a reasonable price. Additionally, this region’s expansive coastal areas and growing population support fish farming and fishing. These elements will likely cause the market in this area to expand during the following few years. During the forecast period, Europe is anticipated to grow at the fastest CAGR. The significant production and consumption of mackerel in the area are credited with driving the region’s development. Consumers in the area who live busy lives are also consuming frozen mackerel in record numbers. Because frozen mackerel is simple to prepare and nutritious, its consumption is rising, which is boosting the local market.

Major market players included in this report are:
Ocean Treasure
Kihada Fisheries Co., Ltd
Seven Star Ocean Fisheries Limited
Pinetree Vietnam Company Limited
Subo International Holland
Oman Fisheries Co.S.A.O.G
Longsheng Aquatic Products Co., Ltd
Lotana LV LTD
Daisui Co., Ltd
Sarma Fish S.A.R.L

Recent Developments in the Market:
Ø Even though the company was experiencing financial difficulties due to frozen bank accounts, the government granted Fishcor, a Namibian corporation, an 80,000 tonne quota for horse mackerel in February 2021.
Ø Reduced limits for designated species were a major factor in the December 2020 announcement of a 73% decline in overall income by Cornelis Vrojolik’s U.K. subsidiary North Atlantic Holdings.
Ø A joint venture agreement for the catching, processing and sale of yearly catch quotas was agreed to by the horse mackerel fishing firm Seaflower Pelagic Processing (SPP) in January 2021.

Global Mackerel Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Form, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Form offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Form:

By Distribution Channel:
Hypermarkets And Supermarkets
Convenience Store

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
1.2.1. Mackerel Market, by Region, 2019-2029 (USD Million)
1.2.2. Mackerel Market, by Form, 2019-2029 (USD Million)
1.2.3. Mackerel Market, by Distribution Channel, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Mackerel Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Mackerel Market Dynamics
3.1. Mackerel Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing production of mackerel Growing demand for mackerel
3.1.2. Market Challenges High Cost of Mackerel
3.1.3. Market Opportunities Rising initiatives by the key market players
Chapter 4. Global Mackerel Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Mackerel Market, by Form
6.1. Market Snapshot
6.2. Global Mackerel Market by Form, Performance – Potential Analysis
6.3. Global Mackerel Market Estimates & Forecasts by Form 2019-2029 (USD Million)
6.4. Mackerel Market, Sub Segment Analysis
6.4.1. Frozen
6.4.2. Canned
Chapter 7. Global Mackerel Market, by Distribution Channel
7.1. Market Snapshot
7.2. Global Mackerel Market by Distribution Channel, Performance – Potential Analysis
7.3. Global Mackerel Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Million)
7.4. Mackerel Market, Sub Segment Analysis
7.4.1. Hypermarkets And Supermarkets
7.4.2. Convenience Store
7.4.3. Online
Chapter 8. Global Mackerel Market, Regional Analysis
8.1. Mackerel Market, Regional Market Snapshot
8.2. North America Mackerel Market
8.2.1. U.S. Mackerel Market Form breakdown estimates & forecasts, 2019-2029 Distribution Channel breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Mackerel Market
8.3. Europe Mackerel Market Snapshot
8.3.1. U.K. Mackerel Market
8.3.2. Germany Mackerel Market
8.3.3. France Mackerel Market
8.3.4. Spain Mackerel Market
8.3.5. Italy Mackerel Market
8.3.6. Rest of Europe Mackerel Market
8.4. Asia-Pacific Mackerel Market Snapshot
8.4.1. China Mackerel Market
8.4.2. India Mackerel Market
8.4.3. Japan Mackerel Market
8.4.4. Australia Mackerel Market
8.4.5. South Korea Mackerel Market
8.4.6. Rest of Asia Pacific Mackerel Market
8.5. Latin America Mackerel Market Snapshot
8.5.1. Brazil Mackerel Market
8.5.2. Mexico Mackerel Market
8.5.3. Rest of Latin America Mackerel Market
8.6. Rest of The World Mackerel Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Ocean Treasure Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Kihada Fisheries Co., Ltd
9.2.3. Seven Star Ocean Fisheries Limited
9.2.4. Pinetree Vietnam Company Limited
9.2.5. Subo International Holland
9.2.6. Oman Fisheries Co.S.A.O.G
9.2.8. Lotana LV LTD
9.2.9. DAISUI CO., LTD
9.2.10. SARMA FISH S.A.R.L
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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