Global Herring Market Growth Analysis - Market Size, Share, Forecast Trends and Outlook Report (2024-2032)

Global Herring Market Outlook

The global herring market will expand at a CAGR of 3% in the forecast period of 2024-2032. The herring market is driven by sustainable strategies, which include the promotion of micronutrient-rich consumption of small pelagic fish.

Such measures are being taken by developing and underdeveloped nations as part of their development strategies for adult health and development of children. Issues of food security and climate change have prompted the fishing industry to pursue sustainable approaches to fisheries. Additionally, the Marine Stewardship Council (MSC) certifies herring products for conservation with a blue MSC tag. Regulatory bodies are imposing strict regulations to minimize bycatches in the pelagic fishing industry. Such sustainable approaches to fishing embraced by actors in the socially responsible fish value chain, such as governments, politicians, industry groups, and regulatory bodies, will be one of the key herring market trends that will drive the herring market growth in the coming years.

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Global Herring Market: Properties and Applications

The herring is a fairly small silvery fish that is most abundant in coastal waters and is of widespread commercial importance.

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The herring market can be divided based on type into:

• Atlantic Herring
• Pacific Herring
• Others

The EMR report looks into the regional herring markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

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Global Herring Market Analysis

The global herring market is driven by the high perishability and the increased demand for fish in the non-coastal areas, which has increased the value of processed fish. The growing demand for processed fish would help to reduce waste due to spoilage and allow the widespread distribution of fish varieties throughout the world through the export of processed fish is expected to aid the herring market. Market vendors automate their processing facilities increasingly to handle large quantities of pelagic fish, including herring. Processed herring fish are packed into vacuum bags containing brine based on seawater. Such products are kept at an optimum temperature to ensure long shelf life and high standards of performance. The popularity among consumers of cured herring fish is also increasing, which is aiding the herring market growth. The growing demand for processed fish will, thus, be a major factor in the forecast period contributing to the growth of the herring market.

Global Herring Market: Competitive Landscape

The report presents a detailed analysis of the following key players in the global herring market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Barry Group Inc.
• Cornelis Vrolijk B.V.
• Iceland Seafood International hf
• Nergard AS
• Others

The EMR report gives an in-depth insight into the herring market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report