Market Overview:
The global smoked herring market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for healthy and convenient food products, increasing disposable income of consumers, and growing awareness about the health benefits of smoked herring products. The global smoked herring market is segmented on the basis of type into hot-smoked and cold-smoked. The hot-smoked segment is expected to account for a larger share in terms of revenue in 2018, owing to its high demand among consumers for its smoky flavor profile and convenience benefits. However, the cold-smoked segment is projected to grow at a higher CAGR during the forecast period due to its growing popularity among health conscious consumers as it contains lower levels of fat than hot-smoked varieties. On the basis of application, the global smoked herring market is divided into two segments: food service sector and retail sector. The food service sector accounted for a larger share in terms of revenue in 2017 due to increased demand from restaurants and hotels across regions worldwide.
Product Definition:
Smoked herring is a type of fish that has been smoked. It is often used as a spread on bread or toast, and can also be eaten raw.
Hot-smoke:
Hot-smoke is a by-product of the smoking process and it contains many valuable nutrients. The smoking process involves adding some amount of heat to the product which helps in preserving it and makes it edible. It has been known that consuming hot-smoked herring provides health benefits such as improvement in blood circulation, reduction in bad cholesterol, decrease in blood pressure levels along with protection against heart diseases.
Cold-smoke:
Cold-smoke is the by-product of tobacco processing and is also known as second smoke. It consists of fine particles (less than 0.1 microns) that are collected on a filter in the process of manufacturing cigarettes.
Application Insights:
The food service sector accounted for more than 70.0% share of the overall revenue in 2017. The product is widely used as a salad ingredient, appetizer and snack food owing to its high protein content and low calories. Increasing demand for smoked herring among consumers from countries such as Germany, Russia and China is expected to drive the segment over the forecast period.
The retail sector was valued at USD 120 million in 2017 due to increasing sales of smoked herring products through supermarkets, hypermarkets and shopping malls across various regions including North America, Europe, Asia Pacific and Middle East & Africa.
Regional Analysis:
Europe dominated the global market in terms of revenue with a share of over 40.0% in 2017. The regional market will expand further at a steady CAGR from 2018 to 2030 owing to high consumption and demand for the product coupled with increasing exports from countries such as Norway, Denmark, and Russia. Moreover, new product launches by key manufacturers are expected to have a positive impact on industry growth over the forecast period.
North America is expected to witness significant growth during the forecast period owing to rising consumer awareness regarding health benefits associated with fish products especially smoked herring which boosts brain power among consumers has been popularized by Russian President Vladimir Putin in his annual address celebrating Christmas Day in December 2017 (The Herring: A Global History). This trend is anticipated boost industry sales volume particularly among food service sector companies that cater primarily to tourists who specifically request for this dish across various parts of Canada and U.S.
Growth Factors:
- Increasing demand for healthy and convenient food options.
- Growing popularity of smoked herring as a gourmet ingredient.
- Rising disposable income of consumers in developing countries.
- Proliferation of online retail channels that offer smoked herring products at competitive prices.
- increasing awareness about the health benefits associated with smoked herring consumption
Scope Of The Report
Report Attributes
Report Details
Report Title
Smoked Herring Market Research Report
By Type
Hot-smoke, Cold-smoke
By Application
Food Service Sector, Retail Sector
By Companies
Zila Laguna, TSIALIOS, Gold Star, Botsford Fisheries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Smoked Herring Market Report Segments:
The global Smoked Herring market is segmented on the basis of:
Types
Hot-smoke, Cold-smoke
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Service Sector, Retail Sector
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Zila Laguna
- TSIALIOS
- Gold Star
- Botsford Fisheries
Highlights of The Smoked Herring Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hot-smoke
- Cold-smoke
- By Application:
- Food Service Sector
- Retail Sector
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smoked Herring Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smoked herring is a type of fish that has been smoked over wood chips or other smoking materials.
Some of the major companies in the smoked herring market are Zila Laguna, TSIALIOS, Gold Star, Botsford Fisheries.
The smoked herring market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smoked Herring Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smoked Herring Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smoked Herring Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smoked Herring Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smoked Herring Market Size & Forecast, 2018-2028
4.5.1 Smoked Herring Market Size and Y-o-Y Growth
4.5.2 Smoked Herring Market Absolute $ Opportunity
Chapter 5 Global Smoked Herring Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smoked Herring Market Size Forecast by Type
5.2.1 Hot-smoke
5.2.2 Cold-smoke
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smoked Herring Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smoked Herring Market Size Forecast by Applications
6.2.1 Food Service Sector
6.2.2 Retail Sector
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smoked Herring Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smoked Herring Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smoked Herring Analysis and Forecast
9.1 Introduction
9.2 North America Smoked Herring Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smoked Herring Market Size Forecast by Type
9.6.1 Hot-smoke
9.6.2 Cold-smoke
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smoked Herring Market Size Forecast by Applications
9.10.1 Food Service Sector
9.10.2 Retail Sector
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smoked Herring Analysis and Forecast
10.1 Introduction
10.2 Europe Smoked Herring Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smoked Herring Market Size Forecast by Type
10.6.1 Hot-smoke
10.6.2 Cold-smoke
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smoked Herring Market Size Forecast by Applications
10.10.1 Food Service Sector
10.10.2 Retail Sector
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smoked Herring Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smoked Herring Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smoked Herring Market Size Forecast by Type
11.6.1 Hot-smoke
11.6.2 Cold-smoke
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smoked Herring Market Size Forecast by Applications
11.10.1 Food Service Sector
11.10.2 Retail Sector
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smoked Herring Analysis and Forecast
12.1 Introduction
12.2 Latin America Smoked Herring Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smoked Herring Market Size Forecast by Type
12.6.1 Hot-smoke
12.6.2 Cold-smoke
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smoked Herring Market Size Forecast by Applications
12.10.1 Food Service Sector
12.10.2 Retail Sector
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smoked Herring Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smoked Herring Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smoked Herring Market Size Forecast by Type
13.6.1 Hot-smoke
13.6.2 Cold-smoke
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smoked Herring Market Size Forecast by Applications
13.10.1 Food Service Sector
13.10.2 Retail Sector
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smoked Herring Market: Competitive Dashboard
14.2 Global Smoked Herring Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Zila Laguna
14.3.2 TSIALIOS
14.3.3 Gold Star
14.3.4 Botsford Fisheries
