Global Smoked Fish Market 2018-2022

Global Smoked Fish Market 2018-2022

  • November 2018 •
  • 134 pages •
  • Report ID: 4822024 •
  • Format: PDF
About this market
The rising popularity of online shopping is identified as one of the key trends that will gain traction in the market. It is encouraging various manufacturers to explore the online retail format and concentrate on the internet-savvy consumer segment. Operating costs and overheads for vendors are lower in the online retail format in comparison to the physical store format. Technavio’s analysts have predicted that the smoked fish market will register a CAGR of almost 7% by 2022.

Market overview
Rising demand for processed seafood
Processed seafood such as smoked salmon, whitefish, haddock, and mackerel do not require much preparation time. This is resulting in a high purchase volume of processed seafood. In addition, the demand for RTE packaged seafood products is increasing in Latin America, Eastern Europe, APAC, and Africa due to the rising disposable income and working-class population.
Distribution challenges
The manufacturers face various challenges such as pressure regarding the prices and margins as retail stores operate at low profit margins.

For the detailed list of factors that will drive and challenge the growth of the smoked fish market during 2018-2022, view our report.

Completive landscape
The market appears to be concentrated with the presence of a few companies. Factors such as the rising popularity of online shopping and rising demand for processed seafood, will provide considerable growth opportunities to smoked fish market vendors. Acme Smoked Fish Corporation, Lerøy, Marine Harvest, Tassal Group Limited, and Thai Union Group are some of the major companies covered in this report.