Global herring sales will grow by 1.5% per year over the next ten years

Herring

Lithuania

Published Mar 19, 2024

Tridge summary

The herring market is projected to grow slightly more than the 1.3% annual growth seen from 2018-2022, with sales expected to hit $10.54 billion by 2033. This growth is driven by advancements in production technologies, new recipes, and a wider product range. Key players in the market, accounting for 21.6% of the market share, include Acme Smoked Fish., Bay View, Feature Foods International Inc., Lowell International Foods, Ma Baensch, and Santa Bremor. In Russia, herring and mackerel are the most consumed fish, with a domestic herring market capacity of 370–390 thousand tons per year, 85% of which are domestic products.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

This is slightly higher than in 2018-2022, when the market grew at 1.3% per year. They expect herring sales to reach $10.54 billion by the end of 2033. According to analysts, the strong demand for herring is due to: In the long term, product sales will grow due to the development of production technologies, the creation of new recipes and the expansion of assortment on shelves. Key manufacturers in the consumer market include Acme Smoked Fish., Bay View, Feature Foods International Inc., Lowell International Foods, Ma Baensch, Santa Bremor, etc. The top five account for 21.6% of the market. Let us remind you that in Russia herring and mackerel are the most ...

Source: Fishretail