Mackerel Market Analysis: Opportunities, Innovations, and Growth Potential Through 2025–2034

The global Mackerel Market was valued at USD 1,135.98 million in 2024, and it is projected to grow to USD 1,793.90 Million by 2034. During the forecast period from [Forecast Period], the market is estimated to rise at a compound annual growth rate (CAGR) of 4.7%. The growth is fueled by increasing health consciousness and the broadening reach of retail distribution channels.
Market Definition
The mackerel market covers the harvesting (wild‑catch and farmed), processing, and global trade of mackerel species—chiefly Atlantic, Pacific, and Spanish mackerel—for human consumption and animal feed. Growth is fueled by rising demand for affordable, protein‑rich seafood and the fish’s high omega‑3 content, which appeals to health‑conscious consumers. Key product formats include fresh‑chilled, frozen, smoked, and especially canned mackerel, prized for shelf‑stable convenience. Asia‑Pacific and Europe dominate both supply and consumption, while North America is a fast‑growing import market. Sustainability concerns—such as quota limits, stock fluctuations, and eco‑labelling—heavily influence pricing and sourcing strategies. Ongoing innovation in value‑added products and improved cold‑chain logistics are further shaping market expansion.
Mackerel Market Report Highlights:
- By form, the frozen segment holds a significant share of the overall market. This dominance can be attributed to several factors, including increasing consumer preference for fresh-like quality and the versatility offered by frozen fish.
- By distribution channel, the hypermarkets & supermarkets segment presently accounts for the largest market share, benefiting from high foot traffic and the ability to offer a wide variety of mackerel products, including fresh, frozen, and canned, under one roof, catering to diverse consumer needs.
- In 2024, Asia Pacific holds the largest share of the mackerel market driven by a rapidly increasing population, rising disposable incomes, and a growing appetite for seafood in many Asian countries.
- The Europe region is anticipated to be the fastest-growing market for mackerel due to the well-established fishing industry in the region, particularly in countries bordering the North Atlantic Ocean.
Market Overview: Key Figures at a Glance
- Market Value in 2024: USD 1,135.98 million
- Projected Market Size in 2034: USD 1,793.90 Million
- Anticipated CAGR 2025–2034: 4.7%
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Market Growth Drivers
- Rising Health Awareness: Growing knowledge of mackerel’s omega-3 benefits for heart, brain, and inflammation is boosting its demand, especially as 85% of people are omega-3 deficient (Case Western Reserve University, 2025).
- Retail Channel Expansion: Increased availability of mackerel through supermarkets, online platforms, and convenience stores is enhancing consumer access, supported by rising frozen and ambient seafood sales in 2025.
- Growing Seafood Consumption: Rising global population and disposable income, especially in developing countries, are driving higher seafood demand, with 2022 aquaculture production reaching 223.2 million tons (FAO, 2024).
Market Key Players
The Mackerel Market competitive landscape features a mix of long-standing companies and emerging contenders. Leading players are actively pursuing R&D initiatives and strategic moves to strengthen their market position. Notable participants include
- Austevoll Seafood ASA
- Bumble Bee Seafoods (FCF Co., Ltd.)
- Chicken of the Sea International (Thai Union Group PCL)
- Connors Bros. Clover Leaf Seafoods Company (Centre Partners)
- Conservas Selectas de Galicia S.L. (Grupo Jealsa Rianxeira)
- Dongwon F&B Co., Ltd. (Dongwon Industries Co., Ltd.)
- Frinsa del Noroeste S.A.
- Hottlet Frozen Foods NV
- Leroy Seafood Group ASA
- Starkist Co. (Dongwon Industries Co., Ltd.)
- Tri Marine International (Bolton Group S.r.l.)