Back to photostream

Mackerel Market Soars on Omega-3 and Protein Demand, Set for 4.7% CAGR through 2028 - 2

The global mackerel market, valued at USD 996.1 million in 2021, is expected to grow at a CAGR of 4.7% from 2022 to 2028. This growth is driven by the demand for omega-3 fatty acids and protein-rich diets, particularly in the Asia Pacific region. The COVID-19 pandemic disrupted the market, but with relaxation of restrictions and revised guidelines, it is expected to resurgence and continue growing.

 

Growth Drivers

 

Mackerel's nutritional richness, high omega-3 fatty acids, vitamin B-12, and protein content, has driven its market growth due to healthier dietary choices. Economic viability and technological advancements in preservation techniques have increased its accessibility. The variety of mackerel forms, including fresh, pickled, and cured, has broadened its global reach.

 

Market Segmentation

The mackerel market is divided into frozen and canned forms, with frozen accounting for 55% of global revenue in 2021. The canned segment is expected to grow at a 5.0% rate from 2022 to 2028, driven by rising demand for packaged and preserved fish due to convenience and extended shelf life preferences.

Emerging Trends

The global mackerel market is experiencing significant growth due to evolving consumer preferences, technological advancements, and strategic investments. The market is expanding into pet food and pet food, enhancing nutritional value. The industry's resilience and potential for innovation make it a promising future. However, the industry must address challenges and capitalize on emerging trends to ensure sustained success and growth in the coming years.

#market #sustainablefishing #fishing #omega3 #sustainable #proteinpacked #protein #healthy #seafoodlovers #sea #seafood #food #asia #consulting #healthyeating #benefits #vitaminsea #vitamin #seafood #technology #trends #foodie #oceanlife #petfood #pet #kpmg #accenture #bcg #cognicraft__solutions CogniCraft Solutions

13 views
0 faves
0 comments
Uploaded on January 15, 2024