The Smoked Fish Market has been valued at US$ 6.78 billion in 2022 and is poised to keep riding the tide of popularity, expecting a 4% CAGR over the forecast period from 2023 to 2029.
Unlocking the Flavorful World of Smoked Fish
Modern food fans have developed a fondness for smoked fish, a culinary technique that preserves and enhances the flavor of fish. This traditional method has established a niche market for itself and is now available on tables all around the world.
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Driving Forces Behind Market Growth
Rising Demand for Processed Seafood: Smoked fish, including salmon, whitefish, haddock, and mackerel, is gaining popularity due to its simplicity, quick preparation, and unique flavor. With increased income levels and the demand for ready-to-eat seafood products, the market is set to thrive. Online Retailing Platforms: The market’s expansion is further fueled by businesses shifting their focus to online platforms. This not only increases product visibility but also caters to the growing online shopping trend.
Exploring the Smoked Fish Landscape
Cold vs. Hot Smoking: With a 57% market share, hot smoked fish is the industry leader. The fish is cooked during the curing process by hot smoking, which adds taste and convenience. Despite its popularity, cold-smoked salmon keeps its curing temperature lower, making it perfect for people who would rather eat their fish raw.
Segmenting Success: Smoked Fish Market Analysis
The market is split into two segments based on Method: cold-smoked fish and hot-smoked fish. With a 57% market share, Hot Smoked Fish is the industry leader. This is important because the fish is fried and seasoned while it is curing, which saves time and removes the need for extra preparation before eating. The fish is hot-smoked over medium heat until it is cooked through. The majority of bacteria that cause disease are destroyed during this procedure. A minimum temperature of 80 degrees Celsius (176 degrees Fahrenheit) is needed for hot smoking. The finished product looks flaky and pallid when compared to cold smoked salmon.
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Competitive Landscape
1. High Liner Foods 2. Marine Harvest 3. Nestle 4. Kraft Heinz 5. Dr. Schar 6. Epermarket 7. The Hain Celestial Group 8. Unilever 9. ConAgra 10.Leroy Seafood Group 11.2 Sisters Food Group 12.General Mills 13.Givaudan 14.Thai Union Group 15.Empresas AquaChile SA 16.Acme Smoked Fish Corp. 17.Foppen 18.Gottfried Friedrichs 19.Guyader Gastronomie 20.Leroy 21.Maisadour 22.Tassal Group Ltd. 23.Thai Union Group PCL
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