Canned Mackerel Market Growth to see Huge Growth with $1.5 Billion by 2031

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According to a new report published by Allied
Market Research, titled, Canned Mackerel
Market," The canned mackerel market size was
valued at 771.70 million in 2021, and is
estimated to reach 1.5 billion by 2031, growing
at a CAGR of 6.5 from 2022 to 2031. The canned
mackerel processed by oil occupied more than half
of the share in the global market in 2021 The
vitamins and proteins found in mackerel encourage
its consumption because of the apparent health
benefits. Mackerel is one of the healthiest sea
foods. The market for canned mackerel is
expanding because to the flavor, longevity, and
nutritional value. Mackerel in cans is convenient
to sell and has the same nutritional value as
fresh or frozen versions.
Canned Mackerel Market
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• Frontrunners in the Industry-
• American Fishing Family
• Bolton Group
• Brunswick
• Diavena
• EC plaza network Inc.
• FCF Co
• Kumpulan Fima Berhad
• Maruha Nichiro corporation
• Marushin Canneries Malaysia
• Mitsubhi Corporation
• Thai Union Group PCL

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Canned Mackerel Market
On the basis of distribution channel, the market
is categorized into supermarket/hypermarket,
specialty stores, on trade, and others. The
supermarket/hypermarket segment led the market in
terms of share, and is expected to grow at a
significant growth rate during the forecast
period owing to the expansion of the organized
retail in the developing countries. The on trade
segment is anticipated to grow at the highest
rate during the Canned Mackerel market forecast
period. This is attributed to upsurge in number
of luxury hotels, bars, restaurants and
increase in number of consumers seeking for
attractive ambience and exclusivity. The Canned
Mackerel market is segmented into price point,
distribution channel, and region. By price point,
the market is categorized into economy,
mid-range, and luxury. Economy category of Canned
Mackerel in terms of price point has been the
most preferred choice of Canned Mackerel among
the consumers, due to the combination of quality
and reasonable pricing. The growth of the Canned
Mackerel market is propelled by upsurge in demand
for luxury alcoholic beverages of fine quality.
In addition, use of Canned Mackerel as an
ingredient in wide range of cuisines is expected
to drive the Canned Mackerel market growth in the
near future. Moreover, manufacturers are
increasingly investing in RD to provide
innovative flavors of Canned Mackerel to gain
competitive advantage over other players in the
market.
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Region wise, the Canned Mackerel industry is
analyzed across North America (U.S., Canada, and
Mexico), Europe (Germany, France, UK, Italy,
Belgium, and rest of Europe), Asia-Pacific
(China, Japan, Australia, South Korea, and rest
of Asia-Pacific), and LAMEA (the Middle East,
Latin America, and Africa). Europe led the
market for Canned Mackerel globally, due to high
per capita consumption of Canned Mackerel in
majority of the countries in Europe, including
France, Germany, Italy, and the UK. France
accounted for around half of the global
consumption of Canned Mackerel in 2018. This is
attributed to the fact that Canned Mackerel is
produced in the Canned Mackerel region of France,
and is shipped to other regions in the country
and exported globally. Moreover, consumers in
Europe are attracted by new flavors of Canned
Mackerels, which has further propelled the growth
of the market. However, Asia-Pacific is expected
to witness the highest CAGR, owing to rise in
average spending of middle income upper middle
income population on luxury goods owing to
increase in disposable income in the region.
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• Key Findings of the Study-
• By processing, the oil segment was the highest
  revenue contributor to the canned mackerel market
  size, with 396.4 million in 2021, and is
  estimated to reach 722.2 million by 2031, with a
  CAGR of 6.0.
• By application, the household segment was the
  highest revenue contributor to the market, with
  504.3 million in 2021, and is estimated to reach
  934.6 million by 2031, with a CAGR of 6.2.
• By distribution channel, the specialty stores
  segment was the highest revenue contributor to
  the market, with 275.3 million in 2021, and is
  estimated to reach 523.3 million by 2031, with a
  CAGR of 6.5.
• Region wise, Asia-Pacific was the highest revenue
  contributor, accounting for 269.3 million in
  2021, and is estimated to reach 540.8 million by
  2031, with a CAGR of 7.1.
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in the reports published by us is extracted
through primary interviews with top officials
from leading companies of domain concerned. Our
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with knowledgeable professionals and analysts in
the industry.
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Canned Mackerel Market
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