DUBLIN–(BUSINESS WIRE)–The “Herring Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The global market for herring fish is projected to grow at a CAGR of 1.8% during the forecast period 2021-2026.
Key Market Trends
The Emergence of Online Fish Markets is Boosting the Market
There is a steady rise in the e-commerce fish market place that has gained momentum with the rise of e-grocery and the advent of new cost-effective freezing technology. A rising number of consumers worldwide do not prefer to visit the traditional messy fish markets to buy fish and buy fish at their own convenience sitting at home.
This set of customers is a lucrative market that is increasingly being targeted by online fish retailers. Led by growth in grocery delivery services such as AmazonFresh and Walmart To Go, e-commerce in 2018 represents between 3.0% – 4.0% of global food sales, however, this number is forecasted to rise significantly in the coming years. The herring fish manufacturers across the world can increasingly benefit from the online market and reach a broader circle of consumers, which will further boost the market in the forecast period.
Europe Dominates the Global Market
Europe is the leading consumer of herring fish in the world. Due to its occurrence in abundance in the North Atlantic, Baltic, and the North Sea, herring fish is increasingly caught and consumed in Europe, where it is considered a staple fish for over 2000 years. Besides being inexpensive, herring is also a rich source of omega 3 fatty acids, and owing to its relative ease of production and longer shelf life achieved through pickling and marination, it has become a popular fish in both the rich and poor households of Europe. Netherlands, Denmark, Sweden, and Germany are major herring fish markets in Europe. In Sweden, the Baltic herring is fermented to create Surstomming, which is a delicacy in northern Swedish cuisine. Overall, the market is pretty much established in this region and will grow at a steady pace in the forecast period.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value chain Analysis
5 MARKET SEGMENTATION
5.1 Geography (Production Analysis, Consumption Analysis by Value & Volume, Import Analysis by Value & Volume, Export Analysis by Value & Volume and Price Trend Analysis)
5.1.1 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
5.1.4 South America
6 MARKET OPPORTUNITIES AND FUTURE TRENDS
7 AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/d2of99