Herring Market Value Chain and Forecast 2018 to 2028
Fact.MR has announced the addition of the “ Herring Market Forecast, Trend Analysis & Competition Tracking-Global Market Insights 2018 to 2028"report to their offering.
[UKPRwire, Mon Sep 16 2019] Global Herring Market: Overview
The global food industry is continuously expanding as there is a rise in health awareness among consumers and the introduction of nutritious food that is more focused on health benefits. Herring is one of the most abundant species of fishes in the world. Herring is a small-headed and streamlined forage fish that belongs to the Clupeidae family. These herring are also referred to as Pacific or Atlantic herring as they are associated with Pacific and the Atlantic Ocean. Herring has several health benefits and are used as nutritional food by consumers. Herring is low in mercury, which makes it safer to eat. Herring consists of numerous vitamins and minerals such as Vitamin D, Vitamin B12, omega-3 fatty acids, etc. These nutrients work together to maintain the proper functioning of the tissues, helps in the production of red blood cells, promotes healthy bones, etc.
Due to the presence of high omega-3 fatty acids in herring lowers the risk of heart diseases, improves eye and brain health. Herrings are preserved by using various methods such as smoking, pickling or salting. Most of the herrings are obtained from the Pacific Ocean and are used to produce fish oil and meal. These herring are salted and pickled and are stored in barrels for consumption. These herring are also canned and preserved for a few days. The pickled herring omega-3 fatty acids offer a variety of health benefits. Herring prevents diseases such as heart disease, metabolic syndrome, diabetes, and arthritis, etc. Thus, the increase in usage of herring in diets and to avoid heart disease, diabetes, and other inflammatory diseases has created an enormous impact and is expected to increase opportunities for the herring market across the globe.
The rising health consciousness among the consumers has increased the consumption of herring that is creating demand for herring. Presently, there is a rise in the demand for herring due to several nutritional benefits among consumers. These factors are expected to have a high impact on the prospects of the global herring market. Moreover, due to the increase in usage of pickled or smoked herring, there will be an increase in the demand for herring in the forthcoming years.
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Global Herring Market: Dynamics
The herring offers several nutritional benefits and prevents diseases such as heart disease, metabolic syndrome, diabetes, etc. This is one of the critical factors that is driving the growth of the herring market.
Allergic reactions may occur due to sensitivity to oily fish, which is one of the critical factors that can hamper the growth of the herring market.
The rising demand for pickled herring in wine and sour cream is the latest trends in the market.
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Global Herring Market: Segmentation
The herring market can be segmented on the basis of type, end use and region. It is most widely used for nutritional benefits in the diet by consumers. Also, the rise in the usage of pickled herring among consumers leads to the consumption of herring, which is one of the factors that boosts the growth of the herring market.
Segmentation of the herring market based on type:
Segmentation of the herring market based on end use:
Global Herring Market: Competition Landscape
Market players are involved in the manufacturing of products with herring in order to maintain the leading position in the market. Examples of some of the key players in this market include Gold Star, Zila Laguna, Botsford Fisheries, TSIALIOS, etc.
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Global Herring Market: Regional Outlook
The Europe region is expected to dominate the herring market followed by North America region. The market in Europe is expected to witness higher growth due to the increase in the presence of herring in the Europe region. The demand for herring in North America and Europe is increasing due to the rise in the demand for pickled and smoked herring, which offers health benefits and is expected to contribute to the growth of the herring market.
Also, there will be an increase in growth opportunities in other regions as it prevents various diseases such as inflammation, diabetes, arthritis, etc. Latin America and MEA are projected to contribute a significant share of the global market over the forecast period.
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