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Global Smoked Fish Research 2025, Forecast To 2034

12 Mar, 2025

What Has Driven the Growth of the Smoked Fish Market in Recent Years?

The smoked fish market has seen considerable growth due to a variety of factors.
• In recent years, we have seen remarkable growth in the smoked fish industry. Projected to expand from $13.6 billion in 2024 to approximately $14.33 billion in 2025, this sector is predicted to see an annual compound growth rate (CAGR) of about 5.4%.
This historical growth can be traced back to factors such as traditional cooking customs and heritage, local and regional consumer tastes, trends in health and nutrition, technological progression in smoking methods, as well as the convenience offered by ready-to-eat products.

What Is The Forecast For The Smoked Fish Market By 2029?

The smoked fish market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for smoked fish is projected to witness significant expansion in the coming years, growing to a value of $18.17 billion by 2029 with a compound annual growth rate (CAGR) of 6.1%.
Factors expected to contribute to this growth during the forecast period include the rapid expansion of e-commerce and online retail, greater emphasis on clean label products and transparency, adoption of climate-smart and sustainable methods, an increasing trend towards seafood snacking, and a broader celebration of culinary diversity. Future trends anticipated within this period comprise of flavor innovation, conscientious sourcing practices, enhanced focus on health and wellness, premiumization, and further emphasis on clean label products.

What Are The Primary Growth Drivers In The Smoked Fish Market?

The escalation in the requirement for processed food is likely to stimulate the growth of the smoked fish market in the future. This relates to any food product that has been subject to any kind of processing or alteration before being eaten. Smoked fish has gained popularity as a preferred processed food choice among consumers prioritizing convenience and health due to its extended shelf life. For instance, per the United States Department of Agriculture (USDA), an arm of the United Nations, the total U.S. processed food exports in 2022 amounted to $38 billion. This signifies a rise from the past years as the request for processed foods in the United States has been persistently increasing. Consequently, the ascending demand for processed food is set to drive the growth of the smoked fish market.

How Is The Globa Smoked Fish Market Divided Into Key Segments?

The smoked fish market covered in this report is segmented –
1) By Product Type: Smoked Salmon, Smoked Mackerel, Smoked Herring, Smoked Trout, Other Smoked Fishes
2) By Method: Hot Smoked Fish, Cold Smoked Fish
3) By Application: Food Service Sector, Retail Sector, Department Store Subsegments:
1) By Smoked Salmon: Cold-Smoked Salmon, Hot-Smoked Salmon
2) By Smoked Mackerel: Whole Smoked Mackerel, Filleted Smoked Mackerel
3) By Smoked Herring: Whole Smoked Herring, Pickled Smoked Herring
4) By Smoked Trout: Whole Smoked Trout, Filleted Smoked Trout
5) By Other Smoked Fishes: Smoked Cod, Smoked Eel, Smoked Sardines

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What Trends Are Reshaping The Smoked Fish Market?

The smoked fish market is seeing an elevation in product innovation as a leading trend, with major entities in this market focusing their attention on the development of innovative products to solidify their standing in the market. As an example, US seafood firm Blue Circle unveiled a Salmon Sausage in April 2022. Composed of a mix of smoked salmon and other elements, it was conceived to provide a nutritious and delicious substitute to usual pork sausage. The product distinguishes itself by not including any artificial colors or flavors and being free of gluten. Blue Circle's launch of the salmon sausage is a segment of its sustained campaign to bring innovation to, and grow its current list of products.

Who Are the Key Players in the Smoked Fish Market?

Major companies operating in the smoked fish market include:
• Nestle SA
• Unilever Plc.
• Kraft Heinz Company
• General Mills Inc.
• Conagra Foods Inc.
• Dongwon Industries Co Ltd.
• 2 Sisters Food Group Ltd.
• Thai Union Group Ltd.
• Leroy Seafood Group
• Marine Harvest ASA
• The Hain Celestial Group Inc.
• Empresas AquaChile SA
• Labeyrie Fine Foods LLC
• Multiexport Foods SA
• Grieg Seafood ASA
• Mogster Group AS
• Tassal Group Limited
• Icicle Seafoods
• Peter Pan Seafoods Inc.
• Foppen Group BV
• Seattle Fish Company
• Acme Smoked Fish Corporation
• Trans-Ocean Products Inc.
• Kasilof Seafoods
• Gottfried Friedrichs KG
• Santa Barbara Smokehouse
• Ducktrap
• MacKnight Food Group Inc.
• The Great Fish Co
• Vera Foods International
• Cameron's Seafood
• Gerard & Dominique Seafoods
• Charlie's Smokehouse
• Cawoods Smoked Salmon Ltd.
• Fortune Fish & Gourmet
• Oregon Seafoods LLC
• Coastal Seafoods
• Frank's Smokehouse
• Global Food Group
• Atlantic Aqua Farms Ltd.
• Fishery Products International
• Ocean Beauty Seafoods Inc.
• Seabear Smokehouse
• Honey Smoked Fish Company

What are the Regional Insights into the Smoked Fish Market?

Europe was the largest region in the smoked fish market in 2024. The regions covered in the smoked fish market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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