Health Benefits and Longer Shelf Life of Frozen Mackerel Boost Global Sales: Market Insights For The Future

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DUBAI, United Arab Emirates, June 21, 2021 / PRNewswire / – The global frozen mackerel market is set to outperform $ 1.05 billion, which will grow at a CAGR of 5.8% over the forecast period 2021-2031. The demand for frozen mackerel was boosted during the pandemic as consumers showed a greater propensity for healthy diets and sales rose 5% between 2020 and 2021.

According to a study by the National Center for Biotechnology Information, about 2% of anemic patients are vitamin B12 deficient and 18% of macrocystis are vitamin B12 deficient. Vitamin B12 deficiency can also cause neurological damage, making it one of the most important nutrients for the human body.

Vitamin B12 deficiency is more common in older people, regardless of the cause. Mackerel offers a number of health benefits such as vitamin B12, omega-3 fatty acids, and anti-inflammatory properties. The benefits of mackerel are driving sales in the market.

Frozen fish and seafood are enjoying increasing popularity in the food service sector due to their longer shelf life (18-24 months) and consistently high quality. Freezing fish and seafood also ensures sustainability and enables optimized use by reducing waste by around 25%.

In addition, frozen mackerel is subjected to extensive microbiological tests to ensure safety and avoid contamination. These factors strengthen the market growth and will have a positive effect on sales over the entire forecast period, finds the ESOMAR-certified consulting company FMI in this study.

The COVID-19 outbreak is having a significant impact on the frozen mackerel market due to restrictions affecting short-term demand. However, with easing in 2021 and improvements in the supply chain, the market is expected to recover quickly, which will boost sales throughout the forecast period.

According to this study by FMI, North America will continue to dominate the frozen mackerel market over the forecast period, driven by growing health concerns in fast-paced lifestyles in the region.

“Because of the health benefits of mackerel, along with easier availability and longer shelf life, it will drive sales in the food, pharmaceutical, animal feed and other sectors,” notes an FMI analyst.

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The central theses

  • In terms of species, horse mackerel dominates the market with a market share of over 55%.
  • Aquaculture is the fastest growing segment in terms of source and is expected to increase 6.4% CAGR.
  • North America will provide lucrative opportunities for producers in the frozen mackerel market and will account for over 62.4% of the region’s market share.
  • The China The market is expected to grow at a CAGR of 3.7% as it has selective breeding of mackerel and is one of the largest producers in the world.
  • Indonesia will dominate South asia frozen mackerel with a market share of more than 24%.

Prominent drivers

  • The shift in consumer interest towards healthy lifestyles and increased consumption of protein-based products will boost sales in the frozen mackerel market.
  • The use of mackerel in pet food to add nutritional value will drive sales in the market.
  • Personalization and convenience offered by online frozen mackerel retailers will increase sales in the market.

Key restrictions

  • The increasing adoption of veganism will hinder the sale of frozen mackerel.
  • Strict regulations by regulators, such as estimated quotas for mackerel stocks, which limit production and catches, will hamper production and sales.
  • The limited time frame for the fishery will hamper market growth.

Learn about the Frozen Mackerel Market with Numbers and Data Tables and Table of Contents. A detailed market segmentation can also be found at https://www.futuremarketinsights.com/reports/frozen-mackerel-market

Competitive landscape

According to FMI’s analysis, players in the frozen mackerel market are focused on expanding their network with dealers to expand their reach to a larger consumer base due to the high demand and scope for frozen mackerel. Manufacturers are also focusing on acquiring smaller companies that will help them expand their manufacturing capabilities and distribution network. For example:

  • in the February 2021, Fishcor, a Namibian manufacturer, received 80,000 tons of quota from the government for horse mackerel despite a difficult financial situation.
  • in the January 2021, Seaflower Pelagic Processing (SPP) has entered into a joint venture agreement with competent owners for the catch, processing and marketing of annual catch quotas.

Some prominent players in the frozen mackerel market are:

  • Ocean treasure
  • Kihada Fisheries Co., Ltd
  • Seven Star Ocean Fisheries Limited
  • Pinetree Vietnam Company Limited
  • Subo International Holland
  • Oman Fisheries Co SAOG
  • LONGSHENG AQUATIC PRODUCTS CO., LTD
  • Lotana LV LTD
  • DAISUI CO., LTD
  • SARMA FISH SARL

For more insight into the Frozen Mackerel Market from FMI

The latest market study of the Frozen Mackerel market by Future Market Insights gives a detailed segmentation for the forecast period 2021-2031. In order to get a better overview of the global market potential, its growth, its trends and opportunities, the market is segmented according to the following criteria:

species

source

Art

  • Whole round
  • HGT
  • filet
  • Others (flap, etc.)

Sales channel

  • Direct sales
  • Retail sales
    • Modern trade
    • Convenience stores
    • Grocery stores
    • Wholesale stores
    • Discount stores
    • Online retail
    • Other retail formats

application

  • Food industry
  • Pharmaceutical industry
  • Animal feed
  • Animal feed
  • Food service
  • sale

region

  • North America
  • Latin America
  • Europe
  • East asia
  • South asia
  • Oceania
  • middle East and Africa (MY)

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market information and advisory services, serving customers in over 150 countries. FMI is headquartered in Dubaiand has delivery centers in the UK, USA and India. The latest market research reports and industry analysis from FMI help companies overcome challenges and make critical decisions with confidence and clarity in the midst of breakneck competition. Our bespoke and syndicated market research reports provide actionable insights that drive sustainable growth. A team of knowledgeable analysts at FMI continuously track emerging trends and events in a variety of industries to ensure our clients prepare for the changing needs of their consumers.

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market information and advisory services, serving customers in over 150 countries. FMI is headquartered in Dubaiand has delivery centers in the UK, USA and India. The latest market research reports and industry analysis from FMI help companies overcome challenges and make critical decisions with confidence and clarity in the midst of breakneck competition. Our bespoke and syndicated market research reports provide actionable insights that drive sustainable growth. A team of knowledgeable analysts at FMI continuously track emerging trends and events in a variety of industries to ensure our clients prepare for the changing needs of their consumers.

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