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Frozen Mackerel Market expand at a CAGR of 5.8% during 2021 – 2031.
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The frozen mackerel market is projected to grow at a 5.8% CAGR by 2031, driven by health trends, convenience, and sustainability demands.
Frozen mackerel products are commonly available to consumers year-round. Frozen entrees and ready-to-eat microwavable meals are among the more popular options in the sector. According to a recent Future Market Insights report, the frozen mackerel market is set to surpass a valuation of US$ 1.8 Bn by the end of 2031, registering a healthy CAGR of over 5.5%.
Busy consumer lifestyle and focus on healthy eating are driving the demand for frozen products. They also offer superior convenience in cooking and consumption, which will remain the chief growth driver.
Consumers are exhibiting higher inclination for nutritious frozen food products. Mackerel fish is high in protein and is a good source of omega-3 fatty acids, among other nutritional properties. This, coupled with impressive shelf-stable properties of frozen mackerel, are driving their sales. Consequently, the demand for frozen mackerel is increasing across various sectors, including households, restaurants, cafes, and hotels.
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Food service applications are among the fastest growing sales channels for frozen mackerel. Over 75% of seafood consumers, from millennials to baby boomers felt the need for consuming sustainable food. Owing to this, the demand for seafood derived from well-managed sources rather than oceans has grown.
This indicates the readiness of the seafood consumers to accept the change of sources of their food, which also is reflected in their eating habits. Using frozen mackerel also helps restaurants in maintaining menu transparency, thereby aiding their growth. Spurred by these factors, frozen mackerel sales will continue rising through the course of the forecast period.
Organic Frozen Mackerel Gaining Traction
Increasing awareness regarding health and wellness is increasing scope for expansion across the globe. Consumers are becoming cautious about ingredients used as well as the source of ingredients in food products. The addition of chemicals or additives, has become a matter of concern as consumers are at wary of adverse reactions.
Consequently, they are exhibiting greater preference for natural and organic products. The production of organic frozen mackerel is limited. Products that are chemical-free, all natural, or organic are increasingly in demand, especially in the U.S. and Europe markets.
Organic and chemical-free mackerel is at new in the frozen product portfolio and is found to be beneficial for health. Driven by this, manufacturers are focusing on certifications to help gain the trust of consumers and offer greater transparency regarding ingredients used.
2016 – 2020 Historic Sales Vs 2021 – 2031 Frozen Mackerel Market Survey
Over the past few years, the frozen mackerel sales grew at a CAGR of 4.4%, thanks to its excellent nutritional profile. Frozen mackerel market insights reveal that the market will expand at a CAGR of 5.8% during 2021-31.
Mackerel is a rich source of omega-3 fatty acids, which offers a range of health benefits, including anti-inflammatory properties for the human body. Vitamin B12 is abundant in mackerel.
Vitamin B12 deficiency affects approximately 6% of the population in the United Kingdom and the United States, and this number jumps to 20% in the over-60 age group. The deficiency can cause anemia and neurological damage, making it one of the most important nutrients for human health.
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As a result, regardless of dietary inclination, it is critical to guarantee adequate vitamin intake. A cooked mackerel fillet delivers approximately 279% of the recommended daily intake. Mackerel is also a great source of protein, with a normal fillet containing 20.8 grammes.
Triglyceride levels can be reduced by eating mackerel. Consequently, health-conscious customers are increasingly displaying interest in mackerel. However, concerns over unsustainable fishing practices will remain a matter of concern, even as manufacturers gradually take steps to incorporate sustainable business practices in their operations.
What is the Impact of the COVID-19 Crisis on the Frozen Mackerel Market?
The COVID-19 pandemic has had a considerable impact on the global frozen mackerel business. In the face of the COVID-19 pandemic, restrictions on the food service industry have adversely affected short-term demand.
However, with relaxation of restrictions through 2021, improvements in distribution networks, and the establishment of new regulations for manufacturers and workers, the market is expected to witness recovery of operations. This could lead to rapid growth in the frozen mackerel sector through 2031.
Competitive Landscape
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Key Questions Answered in the Report
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The article discusses the growth of the frozen mackerel market, projected to expand at a 5.8% CAGR by 2031.
Frozen mackerel is in demand due to its health benefits, convenience, and sustainability.
Mackerel is rich in omega-3 fatty acids and vitamin B12, offering anti-inflammatory properties and supporting neurological health.
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