Smoked Fish Market - Global Industry Analysis, Market Size, Share, Trends Analysis, Growth and Forecast 2017 - 2025

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Smoked Fish Market - Global Industry Analysis, Market Size, Share, Trends Analysis, Growth and Forecast 2017 - 2025

Status : October, 2020 | Food and Beverages | PPT format

Report Digest


Global Smoked Fish Market: Snapshot

Smoked fish is a variety of fish species that have been cured by exposing them to smoke in a controlled environment. Fish smoking has been carried out since thousands of years. Originally considered as a process that imparted preservation to fishes, in current times exposing the organisms to smoke is a way to impart a unique smoky flavor to the relevant culinary preparations. This is mainly because today, refrigeration and freezing are used as key preservation techniques. Traditional and mechanical are two variations, through which smoked fish can be prepared.

With its origins deeply rooted in history, the process of preparing smoked fish has undergone tremendous evolution, thus giving rise to a distinct smoked fish market on a global scale. The process of smoking fish occurs through the use of fire. Wood contains three major components called cellulose, hemicellulose and lignin that are broken down in the burning process to form smoke. The burning process is called pyrolysis, which is simply defined as the chemical decomposition by heat. The major steps present in the preparation of smoked fish are salting, cold smoking, cooling, packaging, and storage. Salting might be carried out through salt bath or salt solution injection of liquid brine or dry salt mixture. Packaging is usually carried out by utilizing air-packed containers, through vacuum, or even any other modified technique. Slight variations may exist depending on regions, fish type, conditions, and other factors, but the overall process mentioned above stays the same.

Smoking is one of the oldest preservation methods, and the process is a combination of individual actions and effects of salting, drying, heating and smoking. Typical smoking of fish is either cold or hot. The former type is generally carried out between 28 and 32 degree Celsius, whereas the latter needs a temperature of about 70 to 80 degree Celsius to work.

Global Smoked Fish Market: Overview

There is a staggering rise in the consumption of Seafood in Asian countries such as China, Japan, Singapore, India, and others. With the growing awareness level about the benefits of consuming Seafood, the number of people opting for daily consumption of seafood will increase many folds in the years to come and this in turn is expected to bode well for the growth of the global Smoked Fish Market. In Asian countries especially, stupendous increase in the consumption of seafood on account of the wide availability of seafood as well as rapid increase in the population. It is anticipated that the growth of the Smoked Fish Market will continue to see a positive trajectory all across the globe.

Global Smoked Fish Market: Drivers and Restraints

In order to offer superior quality and enhanced taste to Consumers, manufacturers within the global Smoked Fish Market are leveraging on technological advancements as well as innovation by adopting improved techniques for making smoked fish. Players within the market are conveniently able to adhere to food safety requirements thanks to Advanced technological advancements aiding in quick-drying and smoking operations irrespective of bad weather. Therefore, technological advancements are expected to be an important growth driver for the smoked fish market.

Another important factor which cannot be denied while discussing the various factors propelling the growth of the global smoked fish market is the numerous health benefits associated with seafood and the increasing Health Consciousness among the public today. With increasing prevalence of various diseases especially chronic diseases among the masses today, it has become extremely important to consume healthy and nutritious well-balanced diet and a diet which has many health benefits. This will create a favourable environment for the growth of the Smoked Fish Market. In addition to this, the rising aquaculture production is also an important factor which is aiding the growth of the Smoked fish market worldwide.

A key trend within the market is the use of latest techniques for smoking fish. This not only has helped in improving the quality as well as Taste of smoked fish but has also helped manufacturers to produce smoked fish in an efficient Manor no matter how the weather conditions are.

There are two types of smoked fish available. Hot smoked fish and cold smoked fish, of which the farmer is witnessing higher demand. On the basis of distribution Channel, this Market is segmented into independent retailers, convenience stores, and supermarkets and hypermarkets. Of these, it is a supermarkets and hypermarkets which are leaving distribution channels for smoked fish on account of the factors such as in-store promotions and a rapid increase in the number of hypermarkets and supermarkets in emerging Nations.

Global Smoked Fish Market: Regional Analysis

In terms of geography, the global Smoked Fish Market is segmented into asia-pacific, North America, Europe, and the rest of the world. Of these asia-pacific is undoubtedly the leading regional market for smoked fish. North America and Europe are also expected to be key markets for smoked fish.

Global Smoked Fish Market: Competitive Analysis

The global Smoked Fish Market comprises of various small and large vendors. Players within the market are competing with each other on the basis of innovation, price, service, Quality, Distribution, reputation, and promotion. Players within the market are found to be participating extensively in various mergers and acquisition activities. Players are vying to differentiate their products and services in order to sustain the competitive environment. Names of the leading players within the market are Labeyrie Fine Foods PLC, Empresas AquaChile SA, Findus Group, Faroe Seafood, Hansung Enterprise, Kverva AS, Mogster Group, Tassal Group, and Princes Group.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?