Canned Mackerel Market Research, 2031
The global canned mackerel market size was valued at $771.7 million in 2021, and is projected to reach $1.5 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.
Mackerel is an oily fish that is high in nutrients and is frequently consumed by humans, as well as by other fish and mammals as a food source. Mackerel that has been preserved by being cooked or smoked in the cannery and then packed in oil, water, or tomato sauce is known as canned mackerel. According to some sources, mackerel is a good source of protein and vitamins and has a lower mercury concentration than other fish. Due to growing knowledge of the health benefits of eating mackerel, the world market for the seafood is expanding quickly. The major market players are using a variety of strategies to grow and investigate the unexplored market.
Due to COVID-19's impact, the canning industries, where the production and processing of canned mackerel is done, have stopped their activities. As a result, the supply of produce has decreased, disrupting the systems of distribution and lowering sales. Transfers of seafood across state lines have stopped due to the lockout situation. As a result, domestic manufacturing nations accumulated too much stock, which caused the seafood to spoil. It was unable to balance the supply and demand for canned mackerel, which resulted in lower market profits.
According to global canned mackerel market analysis, the global market is segmented on the basis of processing, application, distribution channel, and region. On the basis of processing, the market is classified into oil, sauce, and others. On the basis of application, the market is segmented into households and commercial. On the basis of distribution channel, it is categorized into supermarkets & hypermarkets, convenience stores, specialty stores, and online sales channel. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Due to shifting consumer tastes and preferences, the oil segment of the global canned mackerel market is the most profitable. Additionally, the expansion of premium quality canned mackerel is aided by the presence of numerous well-known brands. In Asia-Pacific, the market is more consolidated, whereas in Europe, it is expanding quickly. The developing nations in North America and LAMEA are expected to offer the market numerous potentials during the forecast period.
The majority of households prefer mackerel in cans. This is explained by the rising number of working women in society. Additionally, mackerel in a can is simple to cook, saving households time. Additionally, the variety of components used to process sardines is driving up household demand for canned mackerel.
Various distribution channels, such as supermarkets and hypermarkets, convenience stores, specialty stores, and online sales channels are used by consumers to buy canned mackerel. Due to advantages like discounts and free home delivery, the online distribution channel is expanding at the fastest rate in canned mackerel market size.
Region wise, Asia-Pacific dominated the market with largest canned mackerel market share during the canned mackerel market forecast period. The majority of canned mackerel and its various types are consumed in the Asia-Pacific region, particularly in China, Japan, and India. Distinct geographical regions have different preferences for canned mackerel made with various ingredients. As a result, the demand for ready-to-eat products and nutrient-dense foods is expanding, which is boosting the canned mackerel market in the Asia-Pacific region.
The introduction of mackerel in canned form has been beneficial in gaining a customer base, particularly those who like ready-to-eat snack foods that are tasty and healthful. Straight out of the container, tinned mackerel is a convenient snack. When paired with hot sauce or mustard or used as a salad topping, these have grown in popularity in home kitchens as well.
Canning of mackerel replaced fresh mackerel, which required cooking before consumption, as the more popular option on the market. The ease of distribution and supply of the product made possible by the availability of canned mackerel in a variety of distribution channels, including supermarkets and hypermarkets, convenience stores, and online platforms, has led to a thriving global market.
The main element fueling this market's expansion is customers' growing awareness of the health benefits connected with it. As a result of these products’ abundant sources of protein, fatty acids, and vitamin B-12, there has also been an increase in consumer demand for them during the canned mackerel market forecast period. In the upcoming years, the canned mackerel market is anticipated to rise as consumers become more aware of the health benefits of fish, such as immune system boosters and improvements in bone strength, heart health, and cognitive health.
Due to better distribution infrastructure, ready-to-eat fish products are becoming more and more popular, which has contributed to the market's expansion. Furthermore, in the near future, the market is anticipated to rise due to reasons like shifting lifestyles and rising affordability. Due to rising health-related product consumption and the adoption of the producers' sustainable fish farming methods, the product's demand is projected to rise. Additionally, it is anticipated that the advantages this product offers, such as a long shelf life and simple preparation, will spur development of the market.
Fish allergies are sometimes confused with scombroid poisoning, which is histamine toxicity—a type of food poisoning. Histamine levels are naturally high in fish such as mackerel and tuna. When fish spoils, bacteria overgrowth increases histamine content and the likelihood of histamine toxicity. Symptoms can appear between 5 minutes and 2 hours after consumption. Many varieties of fish are high in mercury and should only be eaten in moderation during pregnancy and nursing to protect the unborn child. King mackerel is one variety of mackerel that needs to be fully avoided. They consider Pacific chub mackerel to be among the top options. Fish that is raw or undercooked should never be consumed while pregnancy to avoid food illness.
The rising demand for canned fish products, such as canned mackerel, from athletes is a favorable trend that is anticipated to have an impact on the market in the upcoming years. Iron, protein, omega-3 fatty acids, and vitamin B-12 are all abundant in mackerel. Over the past few years, there has been an increase in mackerel catches. From two stocks, one in the North Sea and the other to the west of the British Isles, the captures have reached up to one million tons. Although they can be found in the Mediterranean, yearly catches have barely reached about 30,000 tons. Significant catches of Atlantic mackerel have been made off the U.S. east coast. The North-West Pacific Atka mackerel stock produced roughly 100,000 tons a year. For a while, the Pacific mackerel produced significant catches before going into decline. Trachurus L., or horse mackerel, is typically collected using trawls. Thus, this factor is contributing towards the canned mackerel market growth.
The canned mackerel market share is expanding as people become more aware of the health advantages they provide. The vitamins and proteins, which are crucial for overall health and wellness, are abundant in canned mackerel. Many varieties of mackerel have a reasonably high protein-to-calorie ratio, with about 7 grammes of protein per ounce, according to the Office of Disease Prevention and Health Promotion's Dietary Guidelines. Additionally, the growing purchasing power of customers is driving up demand for ostentatious and exotic culinary products.
In addition, more canned mackerel is anticipated to be consumed as a result of an increase in demand for sea foods with a long shelf life. Additionally, in the upcoming years, ready-to-eat food preferences among consumers and rising disposable income are projected to overtake other factors as the main drivers of industry expansion. The population's growing consumption of seafood due to its significant health benefits is projected to fuel industry expansion. Due to the sharp rise in household earnings, changing standards of living, and convenience, the Associated Chamber of Commerce and Industry of India (Assocham) poll found that roughly 79% of families chose instant food.
The market in the Middle East region is expanding as a result of the rise in demand for sustainably caught seafood due to its multiple health benefits. Additionally, a number of retail distributors have developed private-label brands that cater to the canned mackerel industry as a result of the growing canned mackerel market demand and potential for the sector to grow. For instance, the international retailer Woolworths, founded in South Africa, offers a wide selection of canned seafood products both in-store and online. The growing number of players who are available is probably helping the market in the region to expand.
The major players analyzed for the canned mackerel industry are American Fishing Family, Bolton Group, Brunswick, Diavena, EC plaza network Inc., FCF Co, Ltd, Kumpulan Fima Berhad, LDH (La Doria) Ltd, Maruha Nichiro corporation, Marushin Canneries Malaysia, Mitsubhi Corporation, Thai Union Group PCL, Tropical Food Manufacturing (Ningbo), Universal Canning Inc., and Xiamen Amoytop Import & Export Co., LTD.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the canned mackerel market size, segments, current canned mackerel market trends, estimations, and dynamics of the market analysis from 2021 to 2031 to identify the prevailing canned mackerel market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the canned mackerel market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global canned mackerel market trends, key players, market segments, application areas, and canned mackerel market growth strategies.
Canned Mackerel Market Report Highlights
| Aspects | Details |
 By Processing |
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 By Application |
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 By Distribution Channel |
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 By Region |
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 Key Market Players | Thai Union Group PCL, LDH (La Doria) Ltd, Brunswick, Kumpulan Fima Berhad, Universal Canning Incorporation, Xiamen Amoytop Import & Export Co., LTD, Mitsubishi Corporation, Bolton Group, Tropical food Manufacturing (Ningbo) co., American Fishing Family, Maruha Nichiro corporation, Ec plaza Network inc, FCF Co., Ltd, Marushin Canneries Malaysia, Diavena |
Analyst Review
According to the insights of CXOs of leading companies, rapid urbanization and a change in lifestyle are on the rise as a result of the demand for canned seafood. The growth in ready-to-eat food has contributed to the expansion of the global canned mackerel market. The market is growing as a result of rising disposable income, greater internet and smartphone use, and other factors. While Asia-Pacific saw the strongest growth in the global canned mackerel market in 2021, China remains the largest market for various types of canned mackerel, accounting for around one-third of the global market.
As the e-commerce industry expands, manufacturers are concentrating on the online sales channel by selling their products on the website and boosting up their online advertising. As more people learn about mackerel's health advantages, the demand for canned food is anticipated to increase. The companies offer products that are certified, and mackerel cans are also made recyclable. Companies are focusing on enhancing security and transparency. Producers are attempting to provide the highest quality mackerel they can as well as innovative canning techniques that preserve proteins and enable them to be preserved for a long time in response to the rising demand.
The global canned mackerel market size was valued at $771.7 million in 2021, and is projected to reach $1,469.5 million by 2031, registering a CAGR of 6.5% from 2022 to 2031.
The forecast period in the canned mackerel market report is 2022 to 2031.
The base year calculated in the canned mackerel market report is 2021.
The top companies analyzed for global canned mackerel market report are American Fishing Family, Bolton Group, Brunswick, Diavena, EC plaza network Inc., FCF Co, Ltd, Kumpulan Fima Berhad, LDH (La Doria) Ltd, Maruha Nichiro corporation, Marushin Canneries Malaysia, Mitsubhi Corporation, Thai Union Group PCL, Tropical Food Manufacturing (Ningbo), Universal Canning Inc., and Xiamen Amoytop Import & Export Co., LTD.
The oil segment is the most influential segment in the canned mackerel market report.
Asia-Pacific holds the maximum market share of the canned mackerel market.
The company profile has been selected on the basis of key developments such as partnership, product launch, merger and acquisition.
The market value of the canned mackerel market in 2021 was $771.7 million.
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