Herring Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Global Herring Market includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The market is segmented by Geography (North America, Europe, Asia-Pacific, South America, and Africa).

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Herring Market Size

Herring Market Overview
Study Period: 2018 - 2028
CAGR: 1.8 %
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Herring Market Analysis

The global market for herring fish is projected to grow at a CAGR of 1.8% during the forecast period 2021-2026. The nationwide lockdowns due to the spread of COVID-19 have forced developed and developing countries to halt their economies. With respect to its impact on the global food system, which also considers the fisheries sector as well as its distribution and consumption interrelationship with political, social, and environmental dimensions, this economic slowdown has greatly affected the progress of the market. High-value commodities, especially perishables such as fish, is likely to be particularly affected, resulting in massive food waste. However, the increasing popularity of fish consumption for their health benefits, protein, and minerals supply is rapidly driving the 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.

Herring Industry Segmentation

The report studies the market for herring fish which are small, silver-colored fish, and belong to the family Clupeidae. They are streamlined schooling varieties that feed on plankton and live in both freshwater and saltwater. Herring has a single dorsal fin and protruding lower jaws. The Global Herring Market includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The market is segmented by Geography (North America, Europe, Asia-Pacific, South America, and Africa).

Geography (Production Analysis, Consumption Analysis by Value & Volume, Import Analysis by Value & Volume, Export Analysis by Value & Volume and Price Trend Analysis)
North America
United States
Canada
Mexico
Europe
United Kingdom
France
Denmark
Netherlands
Germany
Sweden
Asia-Pacific
China
India
Japan
Indonesia
Philippines
South America
Brazil
Argentina
Africa
Egypt

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Herring Market Trends

This section covers the major market trends shaping the Herring Market according to our research experts:

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.

Herring Market Latest Trends

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.

Herring Market Size By Region

Herring Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value chain Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography (Production Analysis, Consumption Analysis by Value & Volume, Import Analysis by Value & Volume, Export Analysis by Value & Volume and Price Trend Analysis)

      1. 5.1.1 North America

        1. 5.1.1.1 United States

        2. 5.1.1.2 Canada

        3. 5.1.1.3 Mexico

      2. 5.1.2 Europe

        1. 5.1.2.1 United Kingdom

        2. 5.1.2.2 France

        3. 5.1.2.3 Denmark

        4. 5.1.2.4 Netherlands

        5. 5.1.2.5 Germany

        6. 5.1.2.6 Sweden

      3. 5.1.3 Asia-Pacific

        1. 5.1.3.1 China

        2. 5.1.3.2 India

        3. 5.1.3.3 Japan

        4. 5.1.3.4 Indonesia

        5. 5.1.3.5 Philippines

      4. 5.1.4 South America

        1. 5.1.4.1 Brazil

        2. 5.1.4.2 Argentina

      5. 5.1.5 Africa

        1. 5.1.5.1 Egypt

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

  7. 7. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET

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Herring Market Research FAQs

The Herring Market is studied from 2018 - 2028.

The Herring Market is growing at a CAGR of 1.8% over the next 5 years.

Herring Industry Report

Statistics for the 2023 Herring market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Herring analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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